Workflow
Liberty Latin America(LILA)
icon
Search documents
Liberty Latin America(LILA) - 2021 Q2 - Earnings Call Presentation
2021-08-16 19:25
Subscriber Growth & Network Expansion - Fixed RGU additions increased by 73,000[7] - Mobile subscriber additions reached 118,000[7] - Approximately 360,000 homes were added or upgraded year-to-date, with plans to exceed 700,000 by the end of 2021[7] - The company's new build and upgrade program is heavily focused on FTTx, accounting for 71% of the activity[19] Financial Performance - Q2 2021 revenue reached $1.168 billion, reflecting a rebased growth of 8% year-over-year[24] - H1 2021 revenue totaled $2.328 billion, with a rebased growth of 16% year-over-year[24] - Adjusted OIBDA for Q2 2021 was $464 million, representing a rebased growth of 10% year-over-year[26] - Adjusted OIBDA for H1 2021 amounted to $913 million, showing a rebased growth of 16% year-over-year[26] - P&E additions accounted for 18% of revenue in both Q2 2021 ($215 million) and H1 2021 ($367 million)[27] Strategic Initiatives - The acquisition of Telefónica's Costa Rica business is valued at approximately $500 million and is targeted for closing in mid-August[7] - The company repurchased $10 million of LLA stock in Q2 2021[40] - Adjusted FCF was $35 million for Q2 2021 and $92.7 million for H1 2021[61]
Liberty Latin America(LILA) - 2021 Q2 - Quarterly Report
2021-08-04 20:36
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 June 30, 2021 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 | | --- | (State or Other Jurisdiction of ...
Liberty Latin America(LILA) - 2021 Q1 - Earnings Call Transcript
2021-05-09 10:33
Liberty Latin America Ltd. (NASDAQ:LILA) Q1 2021 Results Earnings Conference Call May 6, 2021 8:00 AM ET Company Participants John Winter - Senior Vice President and Chief Legal Officer Balan Nair - President and CEO Christopher Noyes - SVP and CFO Vivek Khemka - General Manager Conference Call Participants Soomit Datta - New Street Research James Ratcliffe - Evercore ISI Operator Good morning, ladies and gentlemen. And thank you for standing by. Today's call is being recorded. I'll now turn the call over t ...
Liberty Latin America(LILA) - 2021 Q1 - Quarterly Report
2021-05-05 20:18
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, 2021 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) (State or Other Jurisdiction of Incorporation or O ...
Liberty Latin America(LILA) - 2020 Q4 - Earnings Call Transcript
2021-03-01 20:03
Financial Data and Key Metrics Changes - The company reported Q4 revenue of $1.1 billion, including $174 million from Liberty Mobile, compared to $975 million for Q4 2019, reflecting a modest 1% year-over-year rebased decline [47] - For the full year, revenue was $3.8 billion, representing an annually rebased decline of 3% [47] - Adjusted OIBDA for Q4 was $428 million, a 4% rebased decline, while the full year adjusted OIBDA was $1.5 billion, a 2% rebased decline [48] Business Line Data and Key Metrics Changes - In the Cable & Wireless Caribbean & Networks segment, Q4 revenue was $428 million, with a 4% year-over-year decline, while adjusted OIBDA was $182 million, reflecting a 10% decline [53] - The new segment, Cable & Wireless Panama, reported Q4 revenue of $131 million and adjusted OIBDA of $51 million, both down 19% and 13% year-over-year respectively [55] - VTR in Chile and Cabletica in Costa Rica reported Q4 revenue of $244 million, a 3% rebased decline, with adjusted OIBDA of $89 million, down 15% year-over-year [57] Market Data and Key Metrics Changes - Liberty Puerto Rico had a strong Q4 with $296 million in revenue and $116 million in adjusted OIBDA, achieving double-digit rebase growth rates [59] - The broadband base in Puerto Rico grew by nearly a quarter in 2020, significantly outperforming competitors like Charter and Comcast [34] Company Strategy and Development Direction - The company plans to build approximately 600,000 homes in 2021, a substantial increase over 2020, focusing on fiber-to-the-home technology [50][42] - The strategic focus for 2021 includes recovering and growing across markets, product innovation, and expanding broadband penetration [41][42] - The company is also focused on integrating the assets acquired from AT&T and closing the acquisition of Telefónica's Costa Rica business [44] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about recovery in 2021, despite ongoing challenges from COVID-19, and highlighted the importance of cash collection and cost management [119] - The company anticipates generating approximately $200 million in adjusted free cash flow in 2021, representing a more than 30% increase over 2020 [51][72] Other Important Information - The company reported total debt of $8.5 billion and cash of $900 million at year-end, with no significant maturities over the next five years [64][66] - The integration of Liberty Mobile is expected to incur operating costs of $35 million to $40 million and CapEx of $25 million to $30 million in 2021 [62] Q&A Session Summary Question: Update on subsea business and Panama structure change - Management highlighted the subsea business as a strong OIBDA generator with $400 million in revenue and expressed excitement about the Panama market, emphasizing the need for focused management [76][77] Question: Overall strategy and geographic evolution - Management is pleased with current geographic presence and sees growth opportunities in broadband and B2B sectors, with a focus on network expansion and margin improvement [81][82] Question: Chile expansion and home penetration - Management noted promising opportunities in Chile, particularly in underserved neighborhoods, and plans to continue building fiber-to-the-home [87][89] Question: Puerto Rico OIBDA annualization - Management advised against annualizing the two months of Liberty Mobile contribution, citing the need for integration costs and standalone operational expenses [91] Question: Mobile consolidation in Panama and M&A strategy - Management remains optimistic about mobile consolidation in Panama but noted challenges in convincing sellers to agree on reasonable prices [102] Question: Strategic value of subsea business - Management acknowledged the subsea business as a strategic asset with significant growth potential and plans to provide clearer visibility on its value [114]
Liberty Latin America(LILA) - 2020 Q4 - Annual Report
2021-03-01 11:50
OR 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, 2020 ☐ 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) (State or Other Jurisdiction of Incorporation or Organiz ...
Liberty Latin America(LILA) - 2020 Q3 - Earnings Call Transcript
2020-11-08 14:15
Liberty Latin America Ltd. (NASDAQ:LILA) Q3 2020 Earnings Conference Call November 5, 2020 8:00 AM ET Company Participants Vivek Khemka - Chief Technology and Product Officer Naji Khoury - Managing Director, Liberty Communications of Puerto Rico LLC Balan Nair - President and CEO Christopher Noyes - SVP and CFO Guillermo Ponce - CEO, VTR Finance B.V. Inge Smidts - CEO, Cable & Wireless Communications Limited John Winter - Senior VP, Chief Legal Officer and Secretary Conference Call Participants Soomit Datta ...
Liberty Latin America(LILA) - 2020 Q3 - Earnings Call Presentation
2020-11-05 16:43
Financial Performance & Operational Improvements - Liberty Latin America experienced sequential financial and operating improvement from Q2 2020 [7] - The company saw net Revenue Generating Unit (RGU) additions driven by record performance in Cable & Wireless (C&W) and Puerto Rico [7] - Adjusted OIBDA is returning towards pre-COVID levels [7] - Q3 2020 revenue was $888 million, a 4% rebased decrease year-over-year, but a 1% rebased sequential improvement [26] - Adjusted OIBDA for Q3 2020 was $360 million [26] - The company completed the acquisition of AT&T's Puerto Rico and USVI Assets [7] COVID-19 Impact & Market Trends - Easing mobility restrictions are driving sequential improvement in revenue trends across key markets [8] - Increased mobility is driving a positive revenue trend [8] Strategic Initiatives & Investments - The company is progressing its inorganic strategy with the completed acquisition of AT&T's operations in Puerto Rico & USVI, creating an integrated player with ~$1.3 billion in combined revenue [22] - Liberty Latin America is focused on fixed RGU growth and mobile subscriber recovery [36]
Liberty Latin America(LILA) - 2020 Q3 - Quarterly Report
2020-11-04 21:30
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, 2020 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) (State or Other Jurisdiction of Incorporation ...
Liberty Latin America(LILA) - 2020 Q2 - Earnings Call Transcript
2020-08-08 22:50
Liberty Latin America Ltd. (NASDAQ:LILAK) Q2 2020 Earnings Conference Call August 6, 2020 9:00 AM ET Company Participants Naji Khoury - Managing Director of Liberty Communications of Puerto Rico LLC Balan Nair - President and Chief Executive Officer Christopher Noyes - Senior Vice President and Chief Financial Officer Betzalel Kenigsztein - Senior Vice President and Chief Operating Officer Guillermo Ponce - Chief Executive Officer of VTR Finance B.V. Inge Smidts - Chief Executive Officer of Cable & Wireless ...