Millicom (Tigo) notice of third quarter 2024 results and video conference Luxembourg, October 24, 2024 – Millicom expects to announce its third quarter 2024 results on November 7, 2024, via a press release. Millicom is planning to host a video conference for the global financial community on November 7, 2024, at 15:00 (Stockholm) / 14:00 (London) / 09:00 (Miami). Registration for the interactive event is required at the following link. After registering, you will receive a confirmation email containing det ...

Millicom (Tigo) announces changes to its Board of Directors Luxembourg, September 24, 2024 – Millicom (NASDAQ: TIGO) (the "Company") announced today that Thomas Reynaud and Aude Durand have stepped down from their roles as members of the Millicom Board of Directors (the "Board"), with immediate effect. The Board, which will continue to be composed of eight directors, has unanimously appointed Jules Niel and Pierre-Emmanuel Durand as interim members of the Board, until the next annual general meeting of Mill ...

Millicom (Tigo) Executive Chair Mauricio Ramos steps down as Chair of the Board Maxime Lombardini to assume as Non-Executive Interim Chair Luxembourg, September 19, 2024 – Millicom (NASDAQ: TIGO) (the "Company") announced today that Mauricio Ramos is stepping down from his roles of director and Chair of Millicom Board of Directors (the "Board") on September 30, 2024. The Board, which will be composed of eight directors for the time being, has unanimously appointed Maxime Lombardini to act as Interim Chair o ...

Millicom (Tigo) files standard form for notification of major holdings Luxembourg, September 06, 2024 – Millicom International Cellular S.A. announced today the CSSF regulatory filing of the form: Standard form for notification of major holdings (attachment). -END- For further information, please contact Press: Sofía Corral, Director Corporate Communications press@millicom.com Investors: Michel Morin, VP Investor Relations investors@millicom.com About Millicom Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: ...

Millicom announces expiration of consent solicitations Luxembourg, August 23, 2024 – Millicom International Cellular S.A. ("Millicom") today announced the expiration of its previously announced solicitation of consents from the holders of record on August 2, 2024 of its 6.625% Senior Notes due 2026, 5.125% Senior Notes due 2028, 6.250% Senior Notes due 2029, 4.500% Senior Notes due 2031 and 7.375% Senior Notes due 2032 (collectively, the "Notes") to amend certain provisions of the indentures governing the N ...

Millicom announces extension of consent solicitations Luxembourg, August 15, 2024 – Millicom International Cellular S.A. ("Millicom") today announced the extension of the period during which it will solicit consents (each, a "Consent") from the holders of record on August 2, 2024 of its 6.625% Senior Notes due 2026 (CUSIP No. 600814 AP2 and ISIN No. XS1894610119), 5.125% Senior Notes due 2028 (CUSIP Nos. 600814 AN7 and L6388G AB6), 6.250% Senior Notes due 2029 (CUSIP Nos. 600814 AQ0 and L6388G HV5), 4.500% ...

THE DIGITAL LIFEST Q2 2024 Earnings Presentation Safe Harbor Cautionary Language Concerning Forward-Looking Statements Statements included herein that are not historical facts, including without limitation statements concerning future strategy, plans, objectives, expectations and intentions, projected financial results, liquidity, growth and prospects, are forward-looking statements. Such forward-looking statements involve a number of risks and uncertainties and are subject to change at any time. In the eve ...

Financial Data and Key Metrics Changes - Equity free cash flow reached $268 million, a significant improvement from an outflow of $24 million in Q2 2023 [18][26] - Service revenue increased by 5.5% year-on-year to $1.36 billion, with organic growth of 2.1% when excluding large B2B projects [16][18] - EBITDA rose by 23.1% year-on-year to $634 million, driven by service revenue growth and cost savings from efficiency projects [16][17] Business Line Data and Key Metrics Changes - Mobile service revenue grew by 5% in Q2, an acceleration from just over 2% growth in 2023, driven by network enhancements and customer migrations [4][5] - B2B service revenue grew almost 6% organically, with digital solutions growing 30% in Q2 [7] - Home business focused on profitability, leading to strong ARPU improvement and a reduction in churn by 60 basis points [6] Market Data and Key Metrics Changes - Colombia's EBITDA margin reached a record 39.5%, with significant cost reductions and improved profitability in the home business [8][21] - Guatemala's service revenue grew 3%, up from 2% in Q1, reflecting a more rational competitive environment [9][19] - Panama's mobile service revenue accelerated to 14%, attributed to market consolidation and cost savings [10][20] Company Strategy and Development Direction - The company is focused on executing strategic projects in Colombia and Costa Rica to enhance equity free cash flow and market position [28][32] - Plans to acquire Telefonica's stake in Coltel and merge operations in Costa Rica to create a leading fixed-mobile operator [28][29] - Emphasis on efficiency improvements and return-focused investments to sustain growth and profitability [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining and growing equity free cash flow beyond 2024, despite potential risks [27][32] - The company is optimistic about the improving competitive dynamics in Guatemala and the potential for further growth in Colombia [9][21] - Management highlighted the importance of network quality and customer experience in driving future growth [40][44] Other Important Information - The company expects full-year CapEx for 2024 to be below $700 million, a reduction of over $100 million compared to 2023 [18][27] - The leverage ratio improved to 2.77 times, down from 3.1 times in Q1 2024, reflecting effective debt reduction strategies [26] Q&A Session Summary Question: Long-term plan improvements and ambitions in Colombia - Management indicated that operational and efficiency initiatives are expected to yield sustainable benefits in the coming years, with a focus on strengthening networks and capturing data growth [34][36][38] Question: CapEx guidance and focus areas - Management acknowledged the shift in CapEx focus towards efficiency and network upgrades, with a commitment to maintaining a balance between investment and returns [39][42][44] Question: Dependency within Colombia transaction offers - Management clarified that the merger of entities is a prerequisite for the transaction, with all parties needing to agree for synergies to be realized [45][47] Question: Additional efficiency measures - Management highlighted ongoing efforts to reduce employee costs and optimize contracts, with a focus on improving both operational efficiency and top-line growth [49][50] Question: Competition response in Guatemala - Management noted a more rational market in Guatemala, with expectations of improved commercial dynamics and customer retention despite some subscriber losses [56][57]

Millicom (Tigo) Q2 2024 Earnings Release Luxembourg, August 02, 2024 – Millicom is pleased to announce its second quarter 2024 results. Please find below links to the Q2 2024 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements. Q2 Highlights* Revenue $1.46 billion, up 4.7% Operating profit $345 million, up 74.1% EBITDA $634 million, up 23.1% - Colombia EBITDA margin 39.5% Net income $78 million ($0.46 per share) Equity free cash flow $268 million Leverage 2.77x | --- | --- | --- ...

Millicom (Tigo) Q2 2024 Earnings Release Luxembourg, August 02, 2024 – Millicom is pleased to announce its second quarter 2024 results. Please find below links to the Q2 2024 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements. Q2 Highlights* Revenue $1.46 billion, up 4.7% Operating profit $345 million, up 74.1% EBITDA $634 million, up 23.1% - Colombia EBITDA margin 39.5% Net income $78 million ($0.46 per share) Equity free cash flow $268 million Leverage 2.77x | --- | --- | --- ...