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Telecom(TEO) - 2022 Q4 - Annual Report
2023-03-20 21:19
As filed with the Securities and Exchange Commission on March 20, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Table of Contents FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ 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 ...
Telecom(TEO) - 2022 Q3 - Earnings Call Transcript
2022-11-14 02:30
Financial Data and Key Metrics Changes - The EBITDA margin for the first nine months of 2022 was almost 29%, with pressures mainly from labor costs, partially offset by other cost containment measures [9][38] - Revenues totaled $3.2 billion, with a year-over-year decrease of 12% in constant pesos [14] - Free cash flow generation was solid at $369 million during the nine months of 2022 [10][52] - The company recorded a net loss of P$163 billion, primarily due to a goodwill impairment of P$208 billion [42][47] Business Line Data and Key Metrics Changes - Mobile subscriber base grew to approximately 20 million, with postpaid clients representing 43% of the total [15][21] - Broadband and Pay TV clients totaled 4.2 million and 3.5 million, respectively, with a decline in Pay TV subscribers by 1.7% [15][23] - The Flow platform saw unique customers reach 1.3 million, an increase of 18% year-over-year [11][24] Market Data and Key Metrics Changes - Year-over-year inflation in Argentina was 83% as of September 2022, with a year-to-date inflation rate of 66.1% [17] - The company performed five price increases during 2022 to cope with inflation, with mobile prices increasing by an average of 17% [18][19] Company Strategy and Development Direction - The company is focusing on increasing the frequency and magnitude of price increases to manage inflationary pressures [11][20] - CapEx was approximately $580 million, representing 16% of revenues, with investments directed towards network modernization and expansion [10][49] Management's Comments on Operating Environment and Future Outlook - Management noted that despite price increases, there has not been a significant loss in market share or customer base [20] - The company is optimistic about its growth in mobile and broadband segments, with a solid performance in postpaid mobile clients [28] Other Important Information - The company recorded a goodwill impairment due to deteriorating market conditions, impacting EBIT and net income but not affecting operational cash generation [42][47] - The company has a clear maturity profile for its debt, with manageable maturities and access to local capital markets for financing needs [58] Q&A Session Summary Question: What are the expectations for future growth in the mobile segment? - Management indicated a positive net inflow of postpaid mobile clients from competitors, suggesting a strong competitive position in the mobile market [28] Question: How is the company managing inflationary pressures? - The company is increasing prices more frequently and has managed to contain most cost lines below inflation, which has helped maintain margins [20][40] Question: What is the impact of the goodwill impairment on operations? - The impairment does not affect assets other than goodwill and has no impact on the company's operations, EBITDA, or cash generation capacity [47]
Telecom(TEO) - 2022 Q3 - Earnings Call Presentation
2022-11-13 17:37
telecom | personal | flow Telecom Argentina 3Q22 Earnings Release November 2022 Best IR Team – Telecom (2022) - Telecom Argentina DISCLAMER 1 This presentation may contain statements that could constitute forward-looking statements, including, but not limited to (i) the Company's expectations for its future performance, revenues, income, earnings per share, capital expenditures, dividends, liquidity and capital structure; (ii) the continued synergies expected from the merger between the Company and Cablevis ...
Telecom(TEO) - 2022 Q2 - Earnings Call Transcript
2022-08-12 10:30
Telecom Argentina SA (NYSE:TEO) Q2 2022 Earnings Conference Call August 10, 2022 8:00 AM ET Company Participants Luis F Rial Ubago - Investor Relations Adrian Calaza - Chief Financial Officer Conference Call Participants Luis F Rial Ubago Good morning. On behalf of Telecom Argentina, I would like to thank everybody for participating on this conference call. The participants of today's conference call are Roberto Nobile, Chief Executive Officer; Adrian Calaza, Chief Financial Officer, and myself, Luis F Rial ...
Telecom(TEO) - 2022 Q2 - Quarterly Report
2022-08-11 15:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER For the month of August 2022 Commission File Number: 001-13464 Telecom Argentina S.A. (Translation of registrant's name into English) General Hornos, No. 690, 1272 Buenos Aires, Argentina (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F X Form 40-F Indicate by check mark if th ...
Telecom(TEO) - 2022 Q1 - Quarterly Report
2022-05-13 10:01
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2022 Commission File Number: 001-13464 Telecom Argentina S.A. (Translation of registrant's name into English) General Hornos, No. 690, 1272 Buenos Aires, Argentina (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form ...
Telecom(TEO) - 2021 Q4 - Annual Report
2022-03-22 16:15
Table of Contents As filed with the Securities and Exchange Commission on March 22, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report . . . . . . . . . . . . . . . . . . . For the transitio ...
Telecom(TEO) - 2021 Q4 - Annual Report
2022-03-22 15:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of March 2022 Yes ¨ No x Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ¨ No x Telecom Argentina S.A. Commission File Number: 001-13464 Telecom Argentina S.A. (Translation of registrant's name into English) General Hornos, No. 690 ...
Telecom(TEO) - 2021 Q4 - Earnings Call Transcript
2022-03-10 18:41
Telecom Argentina SA (NYSE:TEO) Q4 2021 Earnings Conference Call March 10, 2022 10:00 AM ET Company Participants Gabriel Blasi - CFO Conference Call Participants Marcelo Santos - JPMorgan Chase & Co. Unidentified Company Representative Good morning. On behalf of Telecom Argentina, I would like to thank everybody for participating on this conference call. The participants of today's conference call are Roberto Nóbile, Chief Executive Officer; Gabriel Blasi, Chief Financial Officer; and myself [indiscernible] ...
Telecom(TEO) - 2021 Q2 - Earnings Call Presentation
2021-08-09 18:40
Financial Performance - The company achieved an EBITDA margin of 34% for the first semester[7] - Revenues reached $1,881 million [11] - The company decided to increase its 2021 annual CAPEX to over $650 million[7] - The company continues with strong cash flow generation[7] Operational Highlights - Mobile subscribers in Argentina reached 193 million[11] - Pay TV subscribers reached 35 million[11] - Fixed subscribers reached 26 million[11] - Broadband subscribers reached 42 million[11] - Convergent unique clients reached 20 million[11] - 63% of broadband clients have a mobile bundle[11] - Sustainable low bad debt level of 17% of revenues[7] Paraguay Subsidiary (Núcleo) - Núcleo's revenues reached $103 million, a 7% increase[34] - Núcleo's EBITDA reached $48 million, a 16% increase[34] - Internet subscribers increased 18 times, reaching 168,000[38]