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Liberty Latin America(LILA) - 2023 Q1 - Earnings Call Transcript
2023-05-09 18:11
Financial Data and Key Metrics Changes - The company reported consolidated revenue of $1.1 billion for Q1 2023, reflecting a $59 million increase over Q1 2022, after excluding $171 million of revenue generated by VTR in the prior year quarter [36] - Adjusted OIBDA was $407 million, resulting in a $17 million increase over Q1 2022, with a rebased growth of 4% [39] - The company targets mid- to high single-digit rebased adjusted OIBDA growth for 2023, with expectations for growth to be weighted towards the second half of the year [40] Business Line Data and Key Metrics Changes - C&W Caribbean reported $354 million in revenue for Q1, reflecting a 1% rebased decline, while adjusted OIBDA grew by 8% [41] - C&W Panama contributed $165 million in revenue and $44 million in adjusted OIBDA, reflecting 4% rebased revenue growth and 16% rebased adjusted OIBDA growth [44] - Liberty Puerto Rico's Q1 revenue was $366 million, reflecting flat year-over-year rebased growth, while adjusted OIBDA decreased by 4% compared to Q1 2022 [48][49] - Liberty Costa Rica delivered Q1 revenue of $129 million and adjusted OIBDA of $45 million, reflecting strong rebased revenue growth of 4% and rebased adjusted OIBDA growth of 28% [50] Market Data and Key Metrics Changes - The company added 65,000 subscribers across high-speed fixed Internet and mobile postpaid in Q1, with strong Internet additions led by improved performance in C&W Caribbean [6] - In Panama, Internet RGU additions showed healthy growth, with all products in Panama showing growth, particularly B2B which grew by 7% [17] - In Puerto Rico, the mobile postpaid base remained steady with low churn levels around 1% per month, while prepaid subscribers declined due to integration constraints [23] Company Strategy and Development Direction - The company is focused on integration activities in Puerto Rico, Panama, and Costa Rica, with 2023 being a key year for delivering significant value for stakeholders [8] - The company has authorized an additional $200 million for share buybacks, reflecting confidence in its capital allocation strategy [9] - The company is testing modest price increases across various markets to gauge customer response and prepare for future traditional price increases [85][88] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of economies in the Caribbean post-COVID, with expectations for continued growth in subscriber volumes and revenue [9][96] - The management team highlighted the importance of integration execution as a primary focus for both corporate and local operating teams, with the next three quarters being critical for achieving value capture goals [60] - Management noted that while competition remains, the company is well-positioned to create value through innovative products and improved cost structures [99][102] Other Important Information - The company incurred $145 million in P&E additions, representing 13% of revenue, and expects to ramp up spending over the next three quarters [52] - At the end of Q1, the company had $8 billion in total debt and $700 million in cash, with gross leverage of 4.9x and net leverage of 4.5x [55] Q&A Session Summary Question: How is the TSA migration process going in Puerto Rico? - Management indicated that the TSA migration has started and is progressing well, although there are some disruptions for customers due to older handsets not operating on the new network [65][66] Question: Are there any signs of FWA emerging in Puerto Rico or other markets? - Management noted that FWA has not taken off in their markets due to strong existing fixed networks and ubiquitous coverage, but there may be niche cases for FWA [70] Question: How sustainable are the new margin levels in Costa Rica? - Management acknowledged that some margin expansion in Costa Rica is driven by synergies that will end this year, but they remain optimistic about growth prospects [75] Question: What is the state of competition in Chile after the joint venture? - Management sees potential for mobile pricing growth in Chile, with expectations for stability in the fixed business, but acknowledges structural challenges remain [78] Question: What is the competitive landscape in the Caribbean? - Management expressed positivity about the Caribbean business, noting economic recovery and innovative FMC products driving growth [96][99]
Liberty Latin America(LILA) - 2023 Q1 - Quarterly Report
2023-05-08 20:41
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38335 Liberty Latin America Ltd. (Exact name of Registrant as specified in its charter) Bermuda 98-1386359 (State or Other Jurisdiction of ...
Liberty Latin America (LILAK) Investor Presentation - Slideshow
2023-03-02 18:05
+3% rebased growth excl. VTR 27% 36% 37% $1.4 BILLION +2% +6% +4% FIXED MOBILE B2B FY 2022 REVENUE BY PRODUCT YoY REBASED GROWTH • Balanced product mix; growth across all areas +13+14 Q2 22Q3 22 28 28 5 9 +70 TOTAL (157) Q2 22 42% 17% 41% $0.6 BILLION +8% (2)% +1% FIXED MOBILE B2B REVENUE BY PRODUCT ~$70M LIBERTY LATIN AMERICA | FY 2022 INVESTOR CALL | FEBRUARY 23, 2023 6 LIBERTY PUERTO RICO | FIXED MOMENTUM & INTEGRATION(1) RGU GROWTH DRIVING FIXED REVENUE; MOBILE REVENUE IMPACTED BY HANDSET SUBSIDIES +14 ...
Liberty Latin America(LILA) - 2022 Q4 - Earnings Call Transcript
2023-02-25 16:30
Liberty Latin America, Ltd. (NASDAQ:LILA) Q4 2022 Earnings Conference Call February 23, 2023 8:00 AM ET Company Participants Aamir Hussain - Chief Technology and Product Officer Balan Nair - President & CEO Christopher Noyes - SVP & CFO Conference Call Participants Soomit Datta - New Street Research Operator Good morning, ladies and gentlemen, and thank you for standing by. Today's call is being recorded. And I'll now turn the call over to Aamir Hussain, Chief Technology and Product Officer of Liberty Lati ...
Liberty Latin America(LILA) - 2022 Q4 - Annual Report
2023-02-22 22:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38335 Liberty Latin America Ltd. (Exact name of Registrant as specified in its charter) Bermuda 98-1386359 (State or Other Jurisdiction of Incor ...
Liberty Latin America(LILA) - 2022 Q3 - Earnings Call Transcript
2022-11-09 18:50
Liberty Latin America, Ltd. (NASDAQ:LILA) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Beverly Reyes - Vice President, Securities & Corporate Governance Counsel Balan Nair - President & CEO Christopher Noyes - SVP & CFO Naji Khoury - General Manager of Liberty Communications Aamir Hussain - Chief Technology and Product Officer Conference Call Participants Michael Rollins - Citi Kevin Roe - Roe Equity Research Cesar Medina - Morgan Stanley Soomit Datta - New Street Resear ...
Liberty Latin America(LILA) - 2022 Q3 - Earnings Call Presentation
2022-11-09 14:13
LIBERTY LATIN AMERICA Q3 2022 INVESTOR CALL November 9, 2022 Part of Liberty Latin America .com LIBERTY "SAFE HARBOR" FORWARD-LOOKING STATEMENT | DEFINED TERMS FORWARD-LOOKING STATEMENTS AND DISCLAIMER This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategies, priorities and objectives, performance, guidance and growth expectations for 2022; our digital strategy, product innovation and comme ...
Liberty Latin America(LILA) - 2022 Q3 - Quarterly Report
2022-11-08 21:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR For the transition period from to Commission file number: 001-38335 Liberty Latin America Ltd. (Exact name of Registrant as specified in its charter) | Bermuda | 98-1386359 | | --- | --- | | (Stat ...
Liberty Latin America(LILA) - 2022 Q2 - Earnings Call Transcript
2022-08-06 03:19
Liberty Latin America, Ltd. (NASDAQ:LILA) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Rocio Lorenzo - Chief Customer Officer Balan Nair - President & CEO Christopher Noyes - SVP & CFO Guillermo Ponce - SVP, South Central Markets Inge Smidts - SVP, our Caribbean markets Conference Call Participants Soomit Datta - New Street Research Kevin Roe - Roe Equity Research Matthew Harrigan - Benchmark Operator Good morning, ladies and gentlemen, and thank you for standing by. Today ...
Liberty Latin America(LILA) - 2022 Q2 - Earnings Call Presentation
2022-08-05 21:44
LIBERTY LATIN AMERICA Part of Liberty Latin America Q2 & H1 2022 INVESTOR CALL August 4, 2022 S Liberty vtr.com UBERTY "SAFE HARBOR" FORWARD-LOOKING STATEMENT | DEFINED TERMS FORWARD-LOOKING STATEMENTS AND DISCLAIMER This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategies, priorities and objectives, performance, guidance and growth expectations for 2022; our digital strategy, product innov ...