UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF A FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2022

Commission File Number: 1-16269

 

 

AMÉRICA MÓVIL, S.A.B. DE C.V.

(Exact Name of the Registrant as Specified in the Charter)

 

 

America Mobile

(Translation of Registrant’s Name into English)

Lago Zurich 245,

Plaza Carso / Edificio Telcel, Piso

16 Colonia Ampliación Granada,

Alcaldía Miguel Hidalgo,

11529, Mexico City,

México

(Address of Principal Executive Office)

 

 

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  ☒                 Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

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):  ☐

 

 

 


Exhibit A

América Móvil’s third quarter of

2022 financial and operating report

October 18th, 2022 / 3Q22

Mexico City - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the third quarter of 2022.

 

 

 

   

We added 2.9 million wireless subscribers in the third quarter, including 1.9 million postpaid clients with over half of which came from Brazil, 329 thousand from Austria, 215 thousand from Colombia and 155 thousand from Peru.

 

   

In the prepaid segment we added one million subscribers. Mexico contributed with 402 thousand net adds, Colombia 307 thousand and the Central America and Eastern Europe block with almost 135 thousand each.

 

   

On the fixed-line platform we obtained 156 thousand broadband accesses, including 95 thousand in Argentina and 31 thousand in Central America, bringing the total to 31.1 million accesses, 2.1% more than a year before.

 

   

Third quarter revenue of 214.5 billion pesos was up 1.8% year-on-year in nominal peso terms, with service revenue increasing 3.0% in nominal peso term and 5.9% year-on-year at constant exchange rates.

 

   

Mobile service revenue rose more than 9% year-on-year at constant exchange rates both in the prepaid and the postpaid segments. It was the fastest rate of growth observed in at least five quarters.

 

   

Fixed-line service revenue remained flat with broadband revenue up 3.4% at constant exchange rates and that of corporate networks 12.6%— the fastest pace in five quarters.

 

   

EBITDA rose 2.3% year-on-year to 83.2 billion pesos—5.0% at constant exchange rates—with the EBITDA margin expanding to 38.8% from 38.6% a year before.

 

   

Our operating profit increased 5.2% to 43.6 billion pesos which helped bring about a net profit of 18.0 billion pesos after 16.5 billion pesos in comprehensive financing costs that were 34.2% below that of the prior year mostly on account of foreign exchange losses incurred then.

 

   

Our capital expenditures, 105.3 billion pesos in the nine months to September, were fully funded by our operating cash flow. Our surplus operating cash flow, together with 71.7 billion pesos in net financing raised in the period allowed us to cover 45.7 billion pesos in shareholder distributions, 20.0 billion pesos in labor obligations; and 13.3 billion pesos in the net acquisition of ownership interests, coming from the acquisition of a portion of Oi’s mobile clients and the sale of our interest in Claro Panama.

 

   

At the end of September our net debt—excluding leases—stood at 411.7 billion pesos, equivalent to 1.39 times EBITDAaL.

We will host our conference call to discuss 3Q22 financial and operating results on October 19th at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors


América Móvil Fundamentals

 

     3Q22      3Q21  

Earnings per Share (Mex$) (1)

     0.28        0.24  

Earning per ADR (US$) (2)

     0.28        0.24  

EBITDA per Share (Mex$) (3)

     1.31        1.24  

EBITDA per ADR (US$)

     1.29        1.24  

Net Income (millions of Mex$)

     17,969        15,811  

Average Shares Outstanding (billion)

     63.8        65.8  

Shares Oustanding End of Period (billion)

     63.6        65.50  

 

(1) 

Net Income / Average Shares outstanding

(2) 

20 shares per ADR

(3) 

EBITDA / Average Shares Outstanding

América Móvil’s Subsidiaries as of September 2022

 

Country

   Brand   

Business

   Equity  

Mexico

   Telcel    wireless      100.0
   Telmex    wireline      98.8
   Sección Amarilla    other      100.0
   Telvista    other      90.0

Argentina

   Claro    wireless      100.0
   Telmex    wireline      100.0

Brazil

   Claro    wireless/wireline      99.6

Chile

   Claro    wireless      100.0
   Telmex    wireline      100.0

Colombia

   Claro    wireless/wireline      99.4

Costa Rica

   Claro    wireless      100.0

Dominicana

   Claro    wireless/wireline      100.0

Ecuador

   Claro    wireless/wireline      100.0

El Salvador

   Claro    wireless/wireline      95.8

Guatemala

   Claro    wireless/wireline      99.3

Honduras

   Claro    wireless/wireline      100.0

Nicaragua

   Claro    wireless/wireline      99.6

Paraguay

   Claro    wireless/wireline      100.0

Peru

   Claro    wireless/wireline      100.0

Puerto Rico

   Claro    wireless/wireline      100.0

Uruguay

   Claro    wireless/wireline      100.0

Netherlands

   KPN    wireless/wireline      17.9

Austria

   Telekom Austria    wireless/wireline      51.0


Note

On November 23rd, 2021 and on July 1st, 2022 we completed the sale of TracFone Wireless and Claro Panama, respectively. The financial statements presented in this report account for TracFone and Panama as discontinued operations and include the net profit generated by those subsidiaries up to the date of the divestment and the net gain generated by its sale, under “net income from discontinued operations”.

The reported figures for Argentina corresponding to the third quarter of 2022 are presented in accordance with a) IAS29 reflecting the effects of the adoption of inflationary accounting that became mandatory after the Argentinean economy was deemed to be hyperinflationary in the third quarter of 2018 and b) IAS21 translated to Mexican pesos using the end-of-period exchange rate.

All comparisons at constant exchange rates for America Móvil’s consolidated figures will exclude Argentina to ensure consistency.

Relevant Events

10-year dollar denominated bond of 750M USD

On July 18th, we issued a 10-year dollar denominated bond in the amount of 750 million dollars that pays a coupon of 4.7%.

Tender offer of 550M euro hybrid note

On September 16th, America Móvil initiated a tender offer to purchase for cash any or all outstanding securities of its 550 million euro hybrid note with a 2073 maturity but callable in May 2023. At the settlement date América Móvil received 88.6% of the securities. The remainder amount of bonds has been called at par.

Sitios Latinoamérica spin-off was completed

The spin-off process of Sitios Latinoamérica was completed and its shares began trading in the Mexican Stock Exchange (BMV) on September 29th. América Móvil transferred 29,090 towers in 13 countries and Sitios Latinoamérica is now the second largest tower company in Latin America. In the process we also transferred to Sitios Latinoamérica net debt in the amount of 2.3 billion dollars.

Joint venture between Claro Chile and VTR

On October 6th, Liberty Latin América and América Móvil confirmed that they received all authorizations to proceed with the joint venture of their respective Chilean operations, VTR and Claro Chile have closed the joint venture agreement.


Access Lines

1.9M postpaid net adds

In the third quarter we added 2.9 million wireless subscribers—of which 1.9 million were postpaid clients—bringing our base to 307.8 million subscribers at the end of September, 9.6% more than a year before. More than half of the new postpaid clients came from Brazil, with Austria contributing 329 thousand subs, Colombia 215 thousand and Peru 155 thousand.

Mexico led the way in prepaid, with 402 thousand net adds, followed by Colombia with 307 thousand and the Central America and Eastern Europe block with almost 135 thousand each.

156k new broadband accesses

On the fixed-line platform, broadband accesses increased by 156 thousand in the quarter. We registered disconnections of 181 thousand and 27 thousand, respectively, in fixed-line voice and PayTV.

We ended September with 382 million access lines, which includes 308 million wireless subscribers and 75 million fixed-line RGUs.

Wireless subscribers as of September 2022

 

Total(1) (Thousands)

 

Country

   Sep ’22      Jun ’22      Var.%     Sep ’21      Var.%  

Argentina, Paraguay and Uruguay

     26,789        26,638        0.6     25,949        3.2

Austria

     8,651        8,306        4.2     7,638        13.3

Brazil

     86,629        85,735        1.0     69,213        25.2

Central America

     16,381        16,189        1.2     15,392        6.4

Caribbean

     7,276        7,222        0.7     6,876        5.8

Chile

     7,188        7,228        -0.6     6,818        5.4

Colombia

     36,844        36,322        1.4     34,356        7.2

Eastern Europe

     15,125        14,969        1.0     15,094        0.2

Ecuador

     8,900        8,802        1.1     8,547        4.1

Mexico

     81,808        81,364        0.5     79,315        3.1

Peru

     12,256        12,202        0.4     11,810        3.8
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Total Wireless Lines

     307,847        304,977        0.9     281,006        9.6

 

(1) 

Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated.

Fixed-Line and Other Accesses (RGUs) as of September 2022

 

Total(1) (Thousands)

 

Country

   Sep ’22      Jun ’22      Var.%     Sep ’21      Var.%  

Argentina, Paraguay and Uruguay

     2,676        2,417        10.7     1,860        43.8

Austria

     2,971        2,995        -0.8     3,074        -3.4

Brazil(2)

     24,302        24,699        -1.6     25,604        -5.1

Central America

     4,579        4,514        1.4     4,343        5.4

Caribbean

     2,695        2,673        0.8     2,630        2.5

Chile

     1,233        1,284        -4.0     1,345        -8.4

Colombia

     9,184        9,075        1.2     8,789        4.5

Eastern Europe

     3,183        3,140        1.4     2,979        6.9

Ecuador

     607        582        4.3     512        18.4

Mexico

     21,121        21,256        -0.6     21,546        -2.0

Peru

     1,993        1,962        1.6     1,886        5.7
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Total RGUs

     74,543        74,594        -0.1     74,569        0.0

 

(1) 

Fixed Line, Broadband and Television (Cable & DTH).

(2) 

The number of PayTV units has been adjusted to the criteria by which we report to the local regulator.


América Móvil Consolidated Results

The increasingly hawkish tone by the Fed’s governors in the context of strong inflationary pressures brought about renewed increases in U.S. interest rates in the latter half of the third quarter after a lull in its first half, with 10-year rates ending the period at 3.83%, just missing a break over 4% a few days earlier.

Our third quarter revenue reached 214.5 billion pesos, up 1.8% year-on-year, with service revenue rising 3.0%. At constant exchange rates service revenue expanded 5.9% as mobile service revenue jumped 9.7% and fixed-line service revenue remained almost flat, +0.2%. Year-over-year the Mexican peso appreciated strongly vis-à-vis the Colombian and Chilean pesos, 12.9% and 18.5% respectively, and even more vs. the euro, 16.0%. It remained practically flat vis-à-vis the U.S. dollar and the Brazilian real. The appreciation of the peso explains the difference between revenue growth in nominal and constant exchange rates.

Mobile service revenue rose more than 9% year-on-year at constant exchange rates both in the prepaid and the postpaid segments. It was the fastest rate of growth observed in at least five quarters, with postpaid revenue accelerating in each of the last two quarters partly buoyed by 5G services.

Brazil led the way in mobile service revenue growth at 22.5% —which includes the impact of the incorporation of part of Oi’s mobile clients—followed by Mexico and Eastern Europe, with 9.7% and 6.9% respectively. At 3.0%, Colombia posted its best revenue growth rate in five quarters, as did the Central-America block, with 6.5%. Revenue growth in Ecuador on an improving trend for several quarters, posted a 1.6% increase in the period.

On the fixed-line platform broadband revenue rose 3.4% at constant exchange rates and that of corporate networks increased 12.6%—also the fastest pace in five quarters—helping offset a 5.4% reduction in PayTV services and a 6.1% decline in wireline voice revenue. Corporate networks was our fastest growing business line across the board, with Brazil posting a 27.7% rate; Colombia 14.4% and Mexico 8.1%. Fixed-broadband revenue increased between 4 and 5% in both Mexico and Brazil, with Eastern Europe revenue surging 13.5%.

Our EBITDA rose 2.3% year-on-year to 83.2 billion pesos—5.0% at constant exchange rates—with the EBITDA margin expanding to 38.8% from 38.6% a year before. Brazil was the top performer with a 10.8% increase, followed by Eastern Europe with 8.7%.


EBITDA expansion helped bring about a 5.2% increase in our operating profit to 43.6 billion pesos, resulting in an 18.0 billion pesos net profit in the quarter after 16.5 billion pesos in comprehensive financing costs that were 34.2% below that of the prior year mostly on account of foreign exchange losses incurred then.

Our capital expenditures, 105.3 billion pesos in the nine months to September, were fully funded by our operating cash flow. Our surplus operating cash flow, together with 71.7 billion pesos in net financing raised in the period allowed us to cover 45.7 billion pesos in shareholder distributions—including 20.9 billion pesos in share buybacks—20.0 billion pesos in labor obligations; and 13.3 billion pesos in the net acquisition of ownership interests, coming from the acquisition of a portion of Oi’s mobile clients and the sale of our interest in Claro Panama.

Our net debt excluding leases ended September at 412 billion pesos—equivalent to 1.39 times LTM EBITDAaL—having increased by 4.0 billion pesos relative to December. The spin-off of Sitios Latinoamérica in August resulted in the separation of 29,090 towers in 13 countries but also brought about a reduction of 46.7 billion pesos in our net financial debt, as it migrated over to Sitios.


América Móvil’s Income Statement Proforma(1) Millions of Mexican pesos

 

     3Q22     3Q21     Var.%     Jan-Sep 22     Jan-Sep 21     Var.%  

Service Revenue

     179,716       174,514       3.0     536,518       517,744       3.6

Equipment Revenue

     32,495       34,351       -5.4     98,761       102,509       -3.7
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Revenue(2)

     214,466       210,771       1.8     641,666       625,908       2.5

Cost of Service

     56,080       54,963       2.0     166,974       163,133       2.4

Cost of Equipment

     28,317       29,554       -4.2     85,695       87,760       -2.4

Selling, General & Administrative Expenses

     45,685       43,974       3.9     139,066       132,719       4.8

Others

     1,172       933       25.6     3,187       3,859       -17.4
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Costs and Expenses

     131,254       129,425       1.4     394,922       387,470       1.9

EBITDA

     83,212       81,346       2.3     246,745       238,437       3.5

% of Total Revenue

     38.8     38.6       38.5     38.1  

Depreciation & Amortization

     39,641       39,945       -0.8     122,387       119,863       2.1

EBIT

     43,571       41,401       5.2     124,358       118,574       4.9

% of Total Revenue

     20.3     19.6       19.4     18.9  

Net Interest Expenses

     9,367       7,270       28.8     28,306       24,329       16.3

Other Financial Expenses

     5,239       6,156       -14.9     23,717       12,456       90.4

Foreign Exchange Loss

     1,863       11,607       -83.9     -24,849       6,891       n.m.  

Comprehensive Financing Cost (Income)

     16,469       25,033       -34.2     27,174       43,676       -37.8

Income & Deferred Taxes

     10,852       3,756       188.9     33,852       22,876       48.0
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net Income before Minority Interest and Equity Participation in Results of Affiliates

     16,250       12,612       28.8     63,332       52,022       21.7

Equity Participation in Results of Affiliates

     52       103       -49.0     48       119       -59.5

Minority Interest

     -1,738       -1,771       1.9     -4,309       -4,005       -7.6
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net Income from Continued Operations

     14,564       10,944       33.1     59,071       48,135       22.7
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net Income from Discontinued Operations (TracFone)

     3,405       4,867       -30.0     3,379       12,301       -72.5
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net Income

     17,969       15,811       13.7     62,450       60,437       3.3
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

Adjusted to reflect the sale of TracFone and Panama and the spin-off of Sitios Latinoamérica.

(2) 

Total Revenue include Other Revenue.

n.m. Not meaningful.


Balance Sheet - América Móvil Consolidated(1) Millions of Mexican pesos

 

     Sep ‘22      Dec ‘21      Var.%          Sep ‘22      Dec ‘21      Var.%  

Current Assets

           Current Liabilities         

Cash, Marketable Securities & Other Short Term Investments

     112,845        156,383        -27.8   Short Term Debt(2)      144,073        145,223        -0.8

Accounts Receivable

     214,683        212,977        0.8   Lease-Related Debt      33,969        27,632        22.9

Other Current Assets

     17,232        10,611        62.4   Accounts Payable      234,931        260,879        -9.9

Inventories

     31,822        24,185        31.6   Other Current Liabilities      130,024        100,279        29.7
  

 

 

    

 

 

    

 

 

      

 

 

    

 

 

    

 

 

 
     376,582        404,157        -6.8 %         542,998        534,013        1.7 % 

Non Current Assets

           Non Current Liabilities         

Plant & Equipment, gross

     1,351,620        1,408,997        -4.1   Long Term Debt      380,430        418,807        -9.2

-Depreciation

     687,224        677,801        1.4   Lease-Related Debt      100,214        71,022        41.1
  

 

 

    

 

 

    

 

 

            

Plant & Equipment, net

     664,397        731,197        -9.1   Other Liabilities      175,106        211,766        -17.3
             

 

 

    

 

 

    

 

 

 

Rights of Use

     121,945        90,372        34.9        655,749        701,595        -6.5 % 

Investments in Affiliates and Other Investments

     9,975        9,947        0.3           

Deferred Assets

                   

Goodwill (Net)

     143,330        136,578        4.9           

Intangible Assets

     131,646        143,226        -8.1   Shareholder’s Equity      431,556        454,042        -5.0

Deferred Assets

     182,428        174,173        4.7           
  

 

 

    

 

 

    

 

 

      

 

 

    

 

 

    

 

 

 

Total Assets

     1,630,304        1,689,650        -3.5 %    Total Liabilities and Equity      1,630,304        1,689,650        -3.5 % 
  

 

 

    

 

 

    

 

 

      

 

 

    

 

 

    

 

 

 

 

(1) 

Includes current portion of Long Term Debt.

(2) 

Includes current portion of Long Term Debt.


Mexico

443k mobile net adds

In the third quarter we added 443 thousand wireless subscribers—402 thousand prepaid clients and 41 thousand postpaids—to finish September with 81.8 million wireless subscribers, 3.1% more than a year before. We have seen improving trends in postpaid growth linked to our 5G offers. On the fixed-line segment we disconnected 135 thousand accesses, all of them voice accesses.

Mobile service revenue +9.7% YoY

Revenue totaled 76.2 billion pesos in the third quarter, a 3.1% increase from a year before, with service revenue expanding 6.5% year-on-year following a 4.9% increase the prior quarter. Mobile service revenue was up 9.7% over the prior year compared to 8.8% the prior quarter, with postpaid revenue growth accelerating to 8.6%—its best pace in at least five quarters—from 6.6% the prior quarter, and prepaid revenue growth continuing to increase 10.4%. ARPUs were up 7.6% and 6.3% in the postpaid and prepaid segments, respectively, partly as a result of upselling to 5G services.

Broadband & corporate networks best growth rate

On the fixed-line platform service revenue was flat, 0.3%, having declined 2.5% in the second quarter, with both broadband and corporate network services posting their best growth rate in several quarters, 4.1% and 8.1%, respectively which helped offset an 8.0% reduction in wireline voice revenue.

EBITDA +4.3% YoY

EBITDA came in at 31.3 billion pesos, a 4.3% increase from the prior year, with the EBITDA margin reaching 41.0%, as costs and expenses (excluding equipment) rose 5.8%, less than service revenue.

5G coverage in 64 cities

At the end of the quarter we had 64 cities with 5G coverage. We have continued with the migration of traffic and subscribers over to our 5G network.


Income Statement - Mexico Millions of Mexican pesos

 

     3Q22      3Q21      Var.%      Jan-Sep 22      Jan-Sep 21      Var.%  

Total Revenue(1) 

     76,215        73,918        3.1%        225,418        220,675        2.1%  

Total Service Revenue

     60,064        56,402        6.5%        175,823        166,663        5.5%  

Total Equipment Revenue

     14,733        16,584        -11.2%        45,473        51,150        -11.1%  

Wireless Revenue

     55,659        53,891        3.3%        165,017        160,452        2.8%  

Service Revenue

     41,042        37,429        9.7%        119,865        109,667        9.3%  

Equipment Revenue

     14,618        16,462        -11.2%        45,152        50,784        -11.1%  

Fixed Line Revenue

     19,138        19,095        0.2%        56,280        57,361        -1.9%  

Service Revenue

     19,023        18,973        0.3%        55,958        56,996        -1.8%  

Equipment Revenue

     116        121        -4.9%        322        366        -12.0%  

EBITDA

     31,250        29,961        4.3%        92,533        88,169        4.9%  

% total revenue

     41.0%        40.5%           41.0%        40.0%     

EBIT

     23,165        22,203        4.3%        68,543        64,987        5.5%  

% total revenue

     30.4%        30.0%           30.4%        29.4%     

 

(1) 

Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

Mexico Operating Data

 

     3Q22      3Q21      Var.%  

Wireless Subscribers (thousands)

     81,808        79,315        3.1%  

Postpaid

     14,582        14,553        0.2%  

Prepaid

     67,226        64,762        3.8%  

ARPU (MxP)

     168        159        5.9%  

Churn (%)

     3.3%        3.4%        (0.2 ) 

Revenue Generating Units (RGUs)(1)

     21,121        21,546        -2.0%  

Fixed Lines

     11,000        11,498        -4.3%  

Broadband

     10,121        10,048        0.7%  

 

(1) 

Fixed Line and Broadband.


Brazil

958k postpaid adds

We gained 894 thousand wireless subscribers in Brazil in the third quarter, adding 958 thousand postpaid clients and disconnecting 65 thousand prepaids. At the end of the quarter we had 86.6 million subscribers in Brazil, which represents a 25.2% increase from the year before. On the fixed-line platform we disconnected 397 thousand accesses, most of which were wireline accesses, 195 thousand, but also 167 thousand PayTV clients.

Service revenue +9.0% YoY

Third quarter revenue was up 9.9% year-on-year to 10.8 billion reais as service revenue growth accelerated to 9.0% from 8.0% the prior quarter. On the mobile platform service revenue climbed 22.5%, its best performance in at least five quarters partly reflecting the incorporation of a group of Oi’s mobile clients from May 1st. In both the prepaid and postpaid segments revenue growth was more dynamic than it had been the prior quarter, with prepaid revenue climbing 32.3% and postpaid revenue 19.9%.

Broadband revenue +4.7% YoY

On the fixed-line platform service revenue declined 3.1%, slightly more than in the second quarter, 2.5%, mostly on account of wireline voice revenue falling 14.3% year-on-year compared to a 13.1% reduction the prior quarter. Corporate networks revenue expanded 27.7%, up from 22.5% in the second quarter, with broadband revenue growth decelerating slightly to 4.7% from 5.0%. PayTV revenue growth, although still negative, is on an improving trend, going from -12.9% in the fourth quarter to -10.8% in the third quarter, having observed smaller declines each quarter in between.

EBITDA was up 10.8% YoY

EBITDA jumped 10.8% year-on-year to 4.4 billion reais with the EBITDA margin coming in at 40.5% as the increase in costs and expenses—7.1% excluding equipment costs—remained below that of service revenue.

5G coverage in 27 cities

We launched 5G services in Brazil in July in the 3.5GHz frequency in 27 cities. Claro also launched new postpaid plans designed for high data consumers in 5G.


Income Statement - Brazil Millions of BrL

 

     3Q22      3Q21      Var.%      Jan-Sep 22      Jan-Sep 21      Var.%  

Total Revenue(1)

     10,803        9,833        9.9%        31,343        29,362        6.7%  

Total Service Revenue

     10,387        9,531        9.0%        30,270        28,439        6.4%  

Wireless Revenue

     5,890        4,755        23.9%        16,486        14,005        17.7%  

Service Revenue

     5,499        4,488        22.5%        15,482        13,153        17.7%  

Equipment Revenue

     392        267        46.4%        1,004        852        17.9%  

Fixed Line Revenue

     4,888        5,046        -3.1%        14,789        15,289        -3.3%  

EBITDA

     4,375        3,950        10.8%        12,656        11,771        7.5%  

% total revenue

     40.5%        40.2%           40.4%        40.1%     

EBIT

     1,764        1,482        19.0%        4,571        4,120        11.0%  

% total revenue

     16.3%        15.1%           14.6%        14.0%     

 

(1) 

Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.

Total revenue includes other income.

Brazil Operating Data

 

     3Q22      3Q21      Var.%  

Wireless Subscribers (thousands)

     86,629        69,213        25.2%  

Postpaid

     48,937        40,267        21.5%  

Prepaid

     37,691        28,945        30.2%  

ARPU (BrL)

     21        22        -2.6%  

Churn (%)

     2.70%        3.00%        (0.3 ) 

Revenue Generating Units (RGUs)(1)

     24,302        25,604        -5.1%  

 

(1) 

Fixed Line, Broadband and Television. The number of PayTV units has been adjusted to the criteria by which we report to the local regulator.


Colombia

522k mobile net adds

We added 522 thousand wireless subscribers in the period, slightly more than those gained the year-earlier quarter, of which 215 thousand were postpaid and 307 thousand were prepaid. We finished September with 36.8 million wireless subscribers, up 7.2% over the prior year with our postpaid base increasing almost twice as rapidly: 13.6%. Fixed-line RGUs totaled 9.2 million at the end of the quarter after adding 110 thousand units including 29 thousand PayTV subscriptions, 60 thousand landlines and 20 thousand broadband accesses.

Mobile service revenue +3.0% YoY

Third quarter revenue of 3.7 trillion Colombian pesos was 1.1% higher than a year before on the back of service revenue growth of 2.0% (slightly higher than in the precedent quarter) under strong competition in both the fixed and mobile segments. Mobile service revenue rose 3.0% year-on-year with postpaid growing 4.3% and prepaid rising 0.5%. Fixed-line service revenue was up 0.6% supported by corporate networks that increased 14.4% and to a lesser extent PayTV revenue that came in 1.0% above last year.

EBITDA margin at 42.8% of revenue

With mounting annual inflation rates that reached 10.1% in September Claro has increased its efforts to contain costs. EBITDA of 1.6 trillion Colombian pesos was 0.3% higher than in the same quarter of 2021 and the EBITDA margin stood at 42.8% of revenue.

Income Statement – Colombia Billions of COP

 

     3Q22      3Q21      Var.%      Jan-Sep 22      Jan-Sep 21      Var.%  

Total Revenue(1)

     3,690        3,649        1.1%        11,115        10,771        3.2%  

Total Service Revenue

     2,866        2,809        2.0%        8,532        8,387        1.7%  

Wireless Revenue

     2,494        2,447        1.9%        7,534        7,181        4.9%  

Service Revenue

     1,726        1,675        3.0%        5,112        5,027        1.7%  

Equipment Revenue

     769        772        -0.4%        2,421        2,154        12.4%  

Fixed Line Revenue

     1,168        1,160        0.7%        3,500        3,445        1.6%  

EBITDA

     1,580        1,575        0.3%        4,735        4,637        2.1%  

% total revenue

     42.8%        43.2%           42.6%        43.0%     

EBIT

     905        952        -5.0%        2,770        2,772        -0.1%  

% total revenue

     24.5%        26.1%           24.9%        25.7%     

 

(1) 

Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.

Colombia Operating Data

 

     3Q22      3Q21      Var.%  

Wireless Subscribers (thousands)(1)

     36,844        34,356        7.2%  

Postpaid

     9,535        8,392        13.6%  

Prepaid

     27,309        25,964        5.2%  

ARPU (COP)

     15,894        16,688        -4.8%  

Churn (%)

     3.70%        4.50%        (0.8 ) 

Revenue Generating Units (RGUs)(2)

     9,184        8,789        4.5%  

 

(1) 

Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of Colombia (MinTIC).

(2) 

Fixed Line, Broadband and Television.


Peru

155k postpaid net adds

We ended September with 12.3 million wireless subscribers, 3.8% more than a year before. In line with the trends observed the last few quarters, clients continue to migrate from prepaid to postpaid: we booked 155 thousand net contract gains, but lost 101 thousand prepaid subscribers. Fixed-line RGUs increased by 31 thousand in the period—including 12 thousand broadband accesses and 11 thousand PayTV subscriptions—to reach almost two million units.

Mobile service revenue +5.5% YoY

Total revenue reached 1.6 billion Peruvian soles, 1.1% more than a year before, with service revenue rising 4.5%. Mobile service revenue increased 5.5% with postpaid revenue expanding 9.6%. On the fixed-line platform, service revenue came in at 1.4% above the prior year on the back of PayTV revenue and broadband revenue which rose 10.3% and 3.7%, respectively.

EBITDA growth recovered

As a result of revenue growth, cost controls and better equipment margins, EBITDA recovered from a -10.6% decline in the second quarter to a -0.9% in the third quarter. The EBITDA margin stood at 36.3%.

We continue to have a positive balance from Mobile Number Portability which reflects the consumer preferences for Claro’s network and customer care.

Income Statement - Perú Millions of Soles

 

     3Q22     3Q21     Var.%     Jan-Sep 22     Jan-Sep 21     Var.%  

Total Revenue(1)

     1,584       1,567       1.1     4,780       4,503       6.1

Total Service Revenue

     1,188       1,138       4.4     3,482       3,271       6.4

Wireless Revenue

     1,279       1,268       0.9     3,880       3,636       6.7

Service Revenue

     891       844       5.5     2,605       2,423       7.5

Equipment Revenue

     388       424       -8.3     1,275       1,213       5.1

Fixed Line Revenue

     297       294       1.3     877       849       3.4

EBITDA

     575       580       -0.9     1,601       1,701       -5.9

% total revenue

     36.3     37.0       33.5     37.8  

EBIT

     278       276       0.9     711       828       -14.2

% total revenue

     17.6     17.6       14.9     18.4  

 

(1) 

Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.

Peru Operating Data

 

     3Q22      3Q21      Var.%  

Wireless Subscribers (thousands)

     12,256        11,810        3.8%  

Postpaid

     5,521        4,921        12.2%  

Prepaid

     6,735        6,890        -2.2%  

ARPU (Sol)

     24        24        0.6%  

Churn (%)

     4.4%        4.0%        0.4  

Revenue Generating Units (RGUs)(1)

     1,993        1,886        5.7%  

 

(1) 

Fixed Line, Broadband and Television.


Ecuador

98k wireless net adds

Our wireless subscriber base finished September with 8.9 million clients, 4.1% more than a year before, after adding 98 thousand new clients in the period. On the fixed-line segment we had a total of 607 thousand RGUs, 18.4% more than a year before, following net gains of 25 thousand units including almost 10 thousand new broadband accesses.

Fixed-line service revenue 4.7% YoY

Revenue reached 260 million dollars, 2.4% more than in the same quarter of last year with service revenue rising 2.0%, up from 0.4% in the second quarter and -3.2% in the first. Mobile service revenue increased 1.6% to 203 million dollars in spite of a downfall in ARPU that resulted from aggressive promotions in the midst of a tough economic environment. Fixed-line service revenue growth improved from 2.2% in the second quarter to 4.7% in the current period on the back of greater cross-selling efforts with attractive bundle offers.

EBITDA was up 5.1% YoY

At 123 million dollars third quarter EBITDA came in 5.1% above last year’s, resulting from better top line performance and operating efficiencies. The EBITDA margin reached 47.3%; 1.2 percentage points higher than that of the third quarter of 2021.

Income Statement - Ecuador Millions of Dollars

 

     3Q22      3Q21      Var.%      Jan-Sep 22      Jan-Sep 21      Var.%  

Total Revenue(1)

     260        254        2.4%        766        760        0.7%  

Total Service Revenue

     230        225        2.0%        675        677        -0.3%  

Wireless Revenue

     233        228        2.3%        683        681        0.3%  

Service Revenue

     203        200        1.6%        595        600        -0.7%  

Equipment Revenue

     30        28        7.0%        88        81        8.4%  

Fixed Line Revenue

     27        26        3.4%        82        79        4.0%  

EBITDA

     123        117        5.1%        356        342        4.0%  

% total revenue

     47.3%        46.0%           46.5%        45.0%     

EBIT

     71        66        7.6%        212        185        14.7%  

% total revenue

     27.2%        25.9%           27.6%        24.3%     

 

(1) 

Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.

Ecuador Operating Data

 

     3Q22      3Q21      Var.%  

Wireless Subscribers (thousands)

     8,900        8,547        4.1%  

Postpaid

     2,170        2,070        4.8%  

Prepaid

     6,730        6,477        3.9%  

ARPU (US$)

     8        8        -3.2%  

Churn (%)

     3.3%        3.3%        —    

Revenue Generating Units (RGUs)(1)

     607        512        18.4%  

 

(1) 

Fixed Line, Broadband and Television.


Chile

Joint venture between Claro Chile with VTR

On October 6th, we received the approvals to proceed with the joint venture of our operation Claro Chile and VTR. The combined entity will be better positioned to increase access and coverage in the country and will generate benefits for its clients.

44k prepaid net adds

During the third quarter we disconnected 84 thousand postpaid subscribers and added 44 thousand prepaids to finish September with 7.2 million wireless subscribers, 5.4% more than a year before. We also had 1.2 million fixed-line RGUs after cutting 51 thousand fixed units in the period.

EBITDA came in at 17M ChP

Total revenue contracted 21.5% on the back of service revenue that fell 10.9% and equipment revenue that plummeted 51.4% over the year. On the mobile segment, service revenue declined 15.7% and on the fixed-line segment 5.2%. EBITDA for the period came in at 16.6 million Chilean pesos; it was equivalent to 9.9% of revenue.    

Income Statement - Chile Millions of ChP

 

     3Q22      3Q21      Var.%      Jan-Sep 22      Jan-Sep 21      Var.%  

Total Revenue(1)

     167,813        213,756        -21.5%        551,540        607,266        -9.2%  

Total Service Revenue

     142,183        159,529        -10.9%        442,111        483,625        -8.6%  

Wireless Revenue

     98,028        138,560        -29.3%        337,370        381,255        -11.5%  

Service Revenue

     72,501        86,011        -15.7%        228,081        260,505        -12.4%  

Equipment Revenue

     25,528        52,550        -51.4%        109,289        120,750        -9.5%  

Fixed Line Revenue

     69,683        73,519        -5.2%        214,032        223,120        -4.1%  

EBITDA

     16,617        36,685        -54.7%        82,749        119,604        -30.8%  

% total revenue

     9.9%        17.2%           15.0%        19.7%     

EBIT

     -43,015        -12,235        -251.6%        -79,322        -30,665        -158.7%  

% total revenue

     -25.6%        -5.7%           -14.4%        -5.0%     

 

(1) 

Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.

Chile Operating Data

 

     3Q22      3Q21      Var.%  

Wireless Subscribers (thousands)

     7,188        6,818        5.4%  

Postpaid

     2,905        2,757        5.4%  

Prepaid

     4,283        4,060        5.5%  

ARPU (ChP)

     3,343        4,508        -25.8%  

Churn (%)

     4.7%        4.7%        —    

Revenue Generating Units (RGUs)(1)

     1,233        1,345        -8.4%  

 

(1) 

Fixed Line, Broadband and Television.


Argentina

For comparison purposes all comments in this section related to annual variations of the presented period for Argentina refer to figures in constant peso terms, that is, adjusted for inflation in accordance to NIC 29. Information for Uruguay and Paraguay is not presented in the table.

105k wireless net adds and 255k fixed-line new RGUs

We ended September with 23.8 million wireless subscribers after adding 105 thousand wireless subscribers in the third quarter; two thirds were postpaid. Fixed-line RGUs rose 54% over the year to 2.4 million after net additions of 255 thousand in the quarter including 95 thousand new broadband accesses.

Price increases fell short of actual inflation, affecting revenues

Third quarter revenue of 66.3 billion Argentinean pesos was down 12.8% compared to the prior year as a result of an 18.4% contraction in service revenue that compares to minus 10.7% in the second quarter. The price increases we planned for fell short of actual inflation rates exacerbating the impact in revenue; additionally, consumers have felt more constrained in terms of disposable income and we experienced more pressure in ARPU. Mobile service revenue was 19.8% below than that of the same period of last year while fixed service revenue declined 10.2% in real terms.

EBITDA margin at 40.2% of revenue

We have made extraordinary efforts to adjust costs; EBITDA for the quarter was 26.7 billion Argentinean pesos, 14.5% lower than last year, EBITDA margin was equivalent to 40.2% of revenue, 0.8 percentage points below last year’s.

Committed to excel in customer experience—albeit inflationary challenges—Claro continues to lead in mobile number portability.

Income Statement - Argentina Millions of Constant ARS of September 2022

 

     3Q22      3Q21      Var.%      Jan-Sep 22      Jan-Sep 21      Var.%  

Total Revenue(1)

     66,274        76,035        -12.8%        203,026        220,778        -8.0%  

Total Service Revenue

     49,988        61,295        -18.4%        160,408        179,416        -10.6%  

Wireless Revenue

     58,566        67,500        -13.2%        179,321        196,324        -8.7%  

Service Revenue

     42,467        52,919        -19.8%        137,212        155,448        -11.7%  

Equipment Revenue

     16,100        14,582        10.4%        42,109        40,876        3.0%  

Fixed Line Revenue

     7,521        8,376        -10.2%        23,195        23,967        -3.2%  

EBITDA

     26,667        31,204        -14.5%        82,053        88,623        -7.4%  

% total revenue

     40.2%        41.0%           40.4%        40.1%     

EBIT

     21,772        25,206        -13.6%        66,478        70,184        -5.3%  

% total revenue

     32.9%        33.2%           32.7%        31.8%     

 

(1) 

Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.

Argentina Operating Data

 

     3Q22      3Q21      Var.%  

Wireless Subscribers (thousands)

     23,775        23,049        3.1%  

Postpaid

     9,072        8,724        4.0%  

Prepaid

     14,702        14,325        2.6%  

ARPU (ARS)

     628        794        -21.0%  

Churn (%)

     1.5%        1.3%        0.2  

Revenue Generating Units (RGUs)(1)

     2,356        1,535        53.5%  

 

(1) 

Fixed Line, Broadband and Television.


Central America

192k mobile net adds and 65k new fixed-line RGUs

Our operations in Central America added 192 thousand subscribers including 51 thousand contract subs. Our wireless subscriber base ended September with 16.4 million, a 6.4% increase from the year-earlier quarter. Fixed-line RGUs rose 5.4% annually to 4.6 million after net gains of 65 thousand units that include 43 thousand additional PayTV units and 31 thousand broadband accesses.

Service revenue accelerated to 3.6%

Revenue of 589 million dollars in the third quarter was 5.4% above that of the prior year as service revenue growth accelerated to 3.6% from 1.9% in the second quarter. Following subscriber growth, we saw mobile service revenue expanding 6.5%—the highest growth rate in six quarters—with strong performance in all markets, with prepaid revenue increasing 7.2% and postpaid 5.5%. Fixed-line service revenue fell 1.5% as the decline in wireline voice revenue, 7.9%, more than offset revenue growth in the other segments: PayTV, 4.4%; corporate networks, 2.8%; and broadband 0.7%.

EBITDA +1.2% YoY

EBITDA came in at 252 million dollars which is equivalent to 42.8% of revenues. The period’s EBITDA was 1.2% above that of the prior year.

5G launch in Guatemala

On July 20th we launched 5G services in Guatemala with nation-wide presence covering all major cities. We continue to improve our platforms and were recognized by OOKLA as the best network in all markets in Central America.

Networks and overall customer experience have allowed us to report net gains from mobile number portability in every country in the block.


Income Statement(1) - Central America Millions of Dollars

 

     3Q22      3Q21      Var.%      Jan-Sep 22      Jan-Sep 21      Var.%  

Total Revenue(2)

     589        559        5.4%        1,740        1,661        4.8%  

Total Service Revenue

     505        487        3.6%        1,499        1,453        3.2%  

Wireless Revenue

     401        370        8.3%        1,174        1,097        7.1%  

Service Revenue

     329        309        6.5%        969        918        5.6%  

Equipment Revenue

     72        61        17.5%        205        179        14.7%  

Fixed Line Revenue

     183        185        -1.1%        551        552        -0.3%  

EBITDA

     252        249        1.2%        758        730        3.8%  

% total revenue

     42.8%        44.6%           43.5%        44.0%     

EBIT

     134        139        -3.9%        408        392        4.1%  

% total revenue

     22.7%        24.9%           23.4%        23.6%     

 

(1) 

Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.

(2) 

Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.

Central America Operating Data(1)

 

     3Q22      3Q21      Var.%  

Wireless Subscribers (thousands)

     16,381        15,392        6.4%  

Postpaid

     2,333        2,168        7.6%  

Prepaid

     14,049        13,224        6.2%  

ARPU (US$)

     7        7        -0.1%  

Churn (%)

     5.9%        5.7%        0.2  

Revenue Generating Units (RGUs)(2)

     4,579        4,343        5.4%  

 

(1) 

Fixed Line, Broadband and Television.

(2) 

Fixed Line, Broadband and Television.


Caribbean

59k wireless net adds in Dominican Republic

We added 59 thousand wireless subscribers in the Dominican Republic. Postpaid net adds came in line with those of the last two quarters at 13 thousand whereas prepaid additions totaled 46 thousand. We ended the period with 6.2 million clients, 7.1% more than a year before. Fixed-line RGUs expanded 2.6% over the year after adding four thousand units.

Service revenue +5.4% YoY in Dominican Republic

In the Dominican Republic, revenue rose 6.0% year-on-year to 14.8 billion Dominican pesos, with service revenue increasing 5.4%. Wireless service revenue was up 5.1% in the period climbing 7.1% in the postpaid segment and 3.5% on prepaid. Fixed-line service revenue was 5.8% greater than in the year-earlier quarter on the back of broadband and corporate networks revenue that expanded 13.8% and 13.0%, respectively.

EBITDA +5.7% YoY in Dominican Republic

EBITDA increased 5.7% to 7.6 billion Dominican pesos and the EBITDA margin remained practically unchanged at 51.3%.

Puerto Rico hit by hurricane Fiona

On September 17th Puerto Rico was hit by hurricane Fiona, causing widespread flooding and severe damage. Power went out leaving thousands of households without basic services like water and functioning sewer systems. Claro has made a great effort to restore communication services in the island using alternative sources of power and emergency equipment.

On account of the disruption experienced in the last two weeks of the quarter, we saw a deterioration of operating and financial metrics in the period. The full damage and impact is being assessed and will be reported in due course.

Service revenue +3.2% YoY

Total revenue declined 1.2% relative to last year with service revenue up 3.2%. Wireless service revenue remained roughly flat even as prepaid revenue declined 8.2%. Fixed-line service revenue was up 8.7% as a result of strong growth in Pay TV services that more than doubled over the year, and broadband revenue that increased 10.8%. EBITDA declined 0.6% as the EBITDA margin stood at 19.4% of revenue.

Income Statement - Caribbean Millions of Dollars

 

     3Q22      3Q21      Var.%      Jan-Sep 22      Jan-Sep 21      Var.%  

Total Revenue(1)

     489        462        5.8%        1,448        1,381        4.9%  

Total Service Revenue

     435        404        7.8%        1,280        1,203        6.4%  

Wireless Revenue

     307        294        4.2%        925        876        5.6%  

Service Revenue

     255        240        6.0%        756        704        7.4%  

Equipment Revenue

     52        54        -4.0%        168        171        -1.8%  

Fixed Line Revenue

     184        166        11.0%        531        505        5.1%  

EBITDA

     182        168        8.5%        542        500        8.3%  

% total revenue

     37.2%        36.3%           37.4%        36.2%     

EBIT

     95        83        14.0%        282        248        13.5%  

% total revenue

     19.5%        18.1%           19.4%        18.0%     

 

(1) 

Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.

Caribbean Operating Data

 

     3Q22      3Q21      Var.%  

Wireless Subscribers (thousands)

     7,276        6,876        5.8%  

Postpaid

     2,162        2,130        1.5%  

Prepaid

     5,114        4,747        7.7%  

ARPU (US$)

     12        12        -2.1%  

Churn (%)

     3.2%        3.1%        0.1  

Revenue Generating Units (RGUs)(1)

     2,695        2,630        2.5%  

 

(1) 

Fixed Line, Broadband and Television.


Austria

345k wireless net adds

We added 345 thousand subscribers in the third quarter, almost all were postpaid. Our wireless subscriber base finished September with 8.7 million, 13.3% more than a year before. On the fixed-line segment we ended the quarter with three million RGUs after net disconnections of 24 thousand in the period.

Mobile service revenue +4.8% YoY

Revenue growth of 4.5% accelerated from 1.5% in the second quarter backed by equipment revenue growth of 38%. Service revenue rose 1.0% with mobile service revenue increasing 4.8% more than compensating for the fixed-line service revenue decline of 1.7%. We had a good performance in mobile stemming from improvements in visitor roaming, strong demand for mobile-WiFi services and inflation-linked price adjustments. Fixed-line service revenue suffered from a contraction in retail sales.

EBITDA +4.7% YoY

Our adjusted EBITDA was roughly flat, +0.2%, whereas EBITDA increased 4.7% to 292 million euros on account to the release of pension related provisions associated to interest rate increases. The aforementioned effect more than compensated for surging electricity costs, greater content and advertising costs and overall operating expenses that have been affected by rising inflation. The margin for the quarter stood at 41.6% of revenue, just above that of the year-earlier quarter.

Income Statement - Austria Millions of Euros

 

     3Q22      3Q21      Var.%      Jan-Sep 22      Jan-Sep 21      Var.%  

Total Revenue(1)

     702        673        4.5%        2,042        1,996        2.3%  

Total Service Revenue

     608        601        1.0%        1,799        1,773        1.4%  

Wireless Revenue

     319        303        5.4%        923        888        3.9%  

Service Revenue

     264        252        4.8%        769        729        5.4%  

Equipment Revenue

     55        50        8.3%        154        159        -3.0%  

Fixed Line Revenue

     371        359        3.5%        1,081        1,072        0.8%  

EBITDA

     292        279        4.7%        795        757        5.0%  

% total revenue

     41.6%        41.5%           38.9%        37.9%     

Adjusted EBITDA(2)

     301        300        0.2%        845        820        3.0%  

% total revenue

     42.8%        44.6%           41.4%        41.1%     

EBIT

     154        144        7.0%        383        347        10.5%  

% total revenue

     21.9%        21.4%           18.8%        17.4%     

For further detail please visit www.a1.group/en/investor-relations

 

(1) 

Total revenue includes other income.

(2) 

Does not include restructuring charges in Austria.

Austria Operating Data

 

     3Q22     3Q21     Var.%  

Wireless Subscribers (thousands)(1)

     8,651       7,638       13.3

Postpaid

     7,568       6,616       14.4

Prepaid

     1,082       1,022       5.9

ARPU (euros)

     11       11       -6.3

Churn (%)

     0.7     0.8     -0.1  

Revenue Generating Units (RGUs)(2)

     2,971       3,074       -3.4

 

(1) 

Includes A1 Digital subscribers.

(2) 

Fixed Line, Broadband and Television.


Other European

156k wireless net adds and 43k new RGUs

Our combined operations in Eastern Europe registered net additions of 156 thousand in the quarter including 45 thousand from Macedonia, 41 thousand from Bulgaria, 39 thousand from Croatia and 23 thousand from Belarus. Our combined base ended the quarter with 15.1 million wireless subscribers, 0.2% more than a year before. On the fixed-line segment we added 43 thousand RGUs bringing the total to 3.2 million RGUs, 6.9% more than a year before. Belarus lead the way with 25 thousand followed by Bulgaria with 11 thousand. Broadband was the fastest growing division.

Service revenue +8.6% YoY at constant exchange rates

Revenue growth accelerated to 10.1% from 7.3% in the precedent quarter to 601 million euros. Service revenue rose 11.2%; with mobile growing 9.6% and fixed expanding 16.1%. All operations posted service revenue growth and solid operational trends; Belarus registered the highest nominal growth rate partly on account of a sharp appreciacition of its currency vs. the euro.

EBITDA +8.7% YoY at constant exchange rates

EBITDA came in at 237 million euros, 11.9% more than a year before as inflationary pressures were more than offset by strong top line performance and noteworthy EBITDA expansion in Belarus and Bulgaria. The margin for the period was 39.5%, up 60 basis points from last year’s quarter. Excluding the effect of the appreciation mentioned above the EBITDA increased 8.7% year-on-year .

Income Statement - Other European Millions of Euros

 

     3Q22      3Q21      Var.%      Jan-Sep 22      Jan-Sep 21      Var.%  

Total Revenue(1)

     601        545        10.1%        1,653        1,536        7.6%  

Total Service Revenue

     471        424        11.2%        1,308        1,196        9.4%  

Wireless Revenue

     459        428        7.3%        1,265        1,198        5.6%  

Service Revenue

     353        322        9.6%        974        899        8.3%  

Equipment Revenue

     106        106        0.3%        291        299        -2.7%  

Fixed Line Revenue

     130        109        19.1%        356        313        13.6%  

EBITDA

     237        212        11.9%        646        585        10.4%  

% total revenue

     39.5%        38.8%           39.1%        38.1%     

EBIT

     131        112        17.1%        342        289        18.5%  

% total revenue

     21.9%        20.6%           20.7%        18.8%     

For further detail please visit www.a1.group/en/investor-relations

 

(1) 

Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.

Other European Operating Data

 

     3Q22      3Q21      Var.%  

Wireless Subscribers (thousands)

     15,125        15,094        0.2%  

Postpaid

     12,140        11,977        1.4%  

Prepaid

     2,985        3,117        -4.2%  

ARPU (euros)

     8        7        8.1%  

Churn (%)

     1.6%        1.5%        0.2      

Revenue Generating Units (RGUs)(1)

     3,183        2,979        6.9%  

 

(1) 

Fixed Line, Broadband and Television.


Exchange Rates Local Currency Units per Mexican peso

 

     3Q22      3Q21      Var.%     Jan-Sep 22      Jan-Sep 21      Var.%  

Euro

                

End of Period

     0.0502        0.0425        18.1     0.0502        0.0425        18.1

Average

     0.049        0.0424        15.7     0.0463        0.0415        11.5
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

U.S.

                

End of Period

     0.0492        0.0492        0.0     0.0492        0.0492        0.0

Average

     0.0494        0.05        -1.2     0.0493        0.0497        -0.7
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Brazilean Real

                

End of Period

     0.2663        0.2679        -0.6     0.2663        0.2679        -0.6

Average

     0.2591        0.2612        -0.8     0.2532        0.265        -4.4
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Argentinean Peso

                

End of Period

     7.2551        4.8626        49.2     7.2551        4.8626        49.2

Average

     6.6997        4.8596        37.9     5.9218        4.6359        27.7
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Chilean Peso

                

End of Period

     47.289        39.9833        18.3     47.289        39.9833        18.3

Average

     45.6985        38.535        18.6     42.3467        36.6291        15.6
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Colombian Peso

                

End of Period

     223.19        188.84        18.2     223.19        188.84        18.2

Average

     216.21        192.14        12.5     200.68        183.70        9.2
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Guatemalan Quetzal

                

End of Period

     0.3882        0.3809        1.9     0.3882        0.3809        1.9

Average

     0.3832        0.3868        -0.9     0.3807        0.3846        -1.0
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Peruvian Sol

                

End of Period

     0.1962        0.2037        -3.7     0.1962        0.2037        -3.7

Average

     0.1923        0.2023        -4.9     0.1884        0.1906        -1.2
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Dominican Republic Peso

                

End of Period

     2.6505        2.7869        -4.9     2.6505        2.7869        -4.9

Average

     2.6716        2.8546        -6.4     2.7295        2.8539        -4.4
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 


Exchange Rates Local Currency Units per USD

 

     3Q22      3Q21      Var.%     Jan-Sep 22      Jan-Sep 21      Var.%  

Euro

                

End of Period

     1.0202        0.8636        18.1     1.0202        0.8636        18.1

Average

     0.9927        0.8482        17.0     0.9388        0.8359        12.3
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Mexican Peso

                

End of Period

     20.3058        20.306        0.0     20.3058        20.306        0.0

Average

     20.2412        20.0062        1.2     20.267        20.1188        0.7
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Brazilean Real

                

End of Period

     5.4066        5.4394        -0.6     5.4066        5.4394        -0.6

Average

     5.2444        5.2254        0.4     5.1318        5.3313        -3.7
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Argentinean Peso

                

End of Period

     147.32        98.74        49.2     147.32        98.74        49.2

Average

     135.609        97.2213        39.5     120.0163        93.2692        28.7
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Chilean Peso

                

End of Period

     960.24        811.9        18.3     960.24        811.9        18.3

Average

     924.992        770.9386        20.0     858.242        736.9324        16.5
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Colombian Peso

                

End of Period

     4,532.07        3,834.68        18.2     4,532.07        3,834.68        18.2

Average

     4,376.41        3,844.06        13.8     4,067.10        3,695.83        10.0
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Guatemalan Quetzal

                

End of Period

     7.8837        7.7337        1.9     7.8837        7.7337        1.9

Average

     7.7571        7.7384        0.2     7.715        7.7379        -0.3
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Peruvian Sol

                

End of Period

     3.984        4.136        -3.7     3.984        4.136        -3.7

Average

     3.8928        4.0463        -3.8     3.8181        3.8353        -0.4
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Dominican Republic Peso

                

End of Period

     53.82        56.59        -4.9     53.82        56.59        -4.9

Average

     54.0757        57.1089        -5.3     55.3196        57.4168        -3.7
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 


Appendix

Financial Debt of América Móvil(1) Millions

 

     Sep-22      Dec-21  

Peso - denominated debt (MxP)

     100,214        85,737  

Bonds(2)

     51,934        51,657  

Banks and others

     48,280        34,080  

U.S. Dollar - denominated debt (USD)

     8,521        8,466  

Bonds

     8,496        7,751  

Banks and others

     25        715  

Euro - denominated Debt (EUR)

     7,320        8,497  

Bonds

     6,150        7,697  

Commercial Paper

     50        0  

Banks and others

     1,120        800  

Sterling - denominated Debt (GBP)

     2,200        2,200  

Bonds

     2,200        2,200  

Reais - denominated Debt (BRL)

     9,891        5,500  

Bonds

     8,250        5,500  

Banks and others

     1,641        0  

Debt denominated in other currencies(3) (MxP)

     18,515        23,384  

Bonds

     5,446        6,102  

Banks and others

     13,069        17,282  
  

 

 

    

 

 

 

Total Debt (MxP)

     524,503        564,030  

Cash, Marketable Securities and Short Term Financial Investments(4) (MxP)

     119,678        163,278  
  

 

 

    

 

 

 

Net Debt (MxP)

     404,825        400,752  
  

 

 

    

 

 

 

 

(1) 

This table does not include the effect of forwards and derivatives used to hedge our foreign exchange exposure. It includes financial debt of Telekom Austria.

(2) 

Includes the effect of inflation-linked debt.

(3) 

Includes Peruvian soles and Chilean pesos.

(4) 

Includes fixed income securities with nominal tenor of more than one year.

Summary Cash Flow Millions of Mexican pesos

 

     Jan-Sep 22      Jan-Sep 21  

Funds from Operations

     115,276        185,723  

Capital Expenditures

     105,271        91,536  
  

 

 

    

 

 

 

Free Cash Flow(1)

     8,521        92,616  

Dividends and Share Buybacks

     45,746        34,791  

Sale of Ownership Interest(2)

     -33,459        -1,141  

Net Debt Amortizations(2)

     -24,993        37,600  

Amortization of Labor Obligations

     19,970        14,540  

Other

     1,257        6,828  

 

(1) 

There are approximately one billion pesos directed to the provisioning to the early retirement plans in Austria that has been substracted from the Free Cash Flow in 2022 and 2021.

(2) 

Includes 47 billion pesos from the spin-off of Sitios Latinoamérica which is treated as a sale with the proceeds utilized to reduce debt.


AMERICA MOVIL, S.A.B. DE C.V.    Consolidated
Ticker: AMX    Quarter: 3 Year: 2022

 

[210000] Statement of financial position, current/non-current

 

Concept

   Close Current
Quarter

2022-09-30
     Close Previous
Exercise

2021-12-31
 

Statement of financial position [abstract]

     

Assets [abstract]

     

Current assets [abstract]

     

Cash and cash equivalents

     27,678,829,000        38,679,891,000  

Trade and other current receivables

     165,035,264,000        160,271,044,000  

Current tax assets, current

     47,415,550,000        43,734,164,000  

Other current financial assets

     89,002,254,000        127,834,008,000  

Current inventories

     31,821,865,000        24,185,310,000  

Current biological assets

     0        0  

Other current non-financial assets

     15,628,480,000        9,452,252,000  

Total current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners

     376,582,242,000        404,156,669,000  

Non-current assets or disposal groups classified as held for sale or as held for distribution to owners

     0        0  
  

 

 

    

 

 

 

Total current assets

     376,582,242,000        404,156,669,000  
  

 

 

    

 

 

 

Non-current assets [abstract]

     

Trade and other non-current receivables

     7,812,599,000        6,928,888,000  

Current tax assets, non-current

     11,843,137,000        11,792,731,000  

Non-current inventories

     0        0  

Non-current biological assets

     0        0  

Other non-current financial assets

     6,833,188,000        6,894,757,000  

Investments accounted for using equity method

     0        0  

Investments in subsidiaries, joint ventures and associates

     3,142,178,000        3,052,481,000  

Property, plant and equipment

     664,396,511,000        731,196,679,000  

Investment property

     0        0  

Right-of-use assets that do not meet definition of investment property

     121,944,582,000        90,372,393,000  

Goodwill

     143,330,328,000        136,578,194,000  

Intangible assets other than goodwill

     131,646,378,000        143,225,764,000  

Deferred tax assets

     133,125,491,000        127,287,934,000  

Other non-current non-financial assets

     29,646,934,000        28,163,359,000  
  

 

 

    

 

 

 

Total non-current assets

     1,253,721,326,000        1,285,493,180,000  
  

 

 

    

 

 

 

Total assets

     1,630,303,568,000        1,689,649,849,000  
  

 

 

    

 

 

 

Equity and liabilities [abstract]

     

Liabilities [abstract]

     

Current liabilities [abstract]

     

Trade and other current payables

     207,482,416,000        237,206,440,000  

Current tax liabilities, current

     61,160,714,000        59,525,325,000  

Other current financial liabilities

     178,271,412,000        155,257,180,000  

Current lease liabilities

     33,969,414,000        27,632,357,000  

Other current non-financial liabilities

     0        0  

Current provisions [abstract]

     

Current provisions for employee benefits

     23,349,552,000        16,858,343,000  

Other current provisions

     38,764,266,000        37,533,121,000  

Total current provisions

     62,113,818,000        54,391,464,000  

Total current liabilities other than liabilities included in disposal groups classified as held for sale

     542,997,774,000        534,012,766,000  

Liabilities included in disposal groups classified as held for sale

     0        0  
  

 

 

    

 

 

 

Total current liabilities

     542,997,774,000        534,012,766,000  
  

 

 

    

 

 

 

Non-current liabilities [abstract]

     

Trade and other non-current payables

     2,593,022,000        2,698,276,000  

Current tax liabilities, non-current

     0        0  


AMERICA MOVIL, S.A.B. DE C.V.    Consolidated
Ticker: AMX    Quarter: 3 Year: 2022

 

Concept

   Close Current
Quarter

2022-09-30
    Close Previous
Exercise

2021-12-31
 

Other non-current financial liabilities

     380,429,841,000       418,807,430,000  

Non-current lease liabilities

     100,213,526,000       71,021,868,000  

Other non-current non-financial liabilities

     0       0  

Non-current provisions [abstract]

    

Non-current provisions for employee benefits

     131,185,993,000       142,850,465,000  

Other non-current provisions

     10,825,576,000       16,752,223,000  

Total non-current provisions

     142,011,569,000       159,602,688,000  

Deferred tax liabilities

     30,501,424,000       49,465,095,000  
  

 

 

   

 

 

 

Total non-current liabilities

     655,749,382,000       701,595,357,000  
  

 

 

   

 

 

 

Total liabilities

     1,198,747,156,000       1,235,608,123,000  
  

 

 

   

 

 

 

Equity [abstract]

    

Issued capital

     95,327,783,000       96,333,432,000  

Share premium

     0       0  

Treasury shares

     0       0  

Retained earnings

     496,298,343,000       447,690,426,000  

Other reserves

     (222,147,259,000     (154,388,931,000

Total equity attributable to owners of parent

     369,478,867,000       389,634,927,000  

Non-controlling interests

     62,077,545,000       64,406,799,000  
  

 

 

   

 

 

 

Total equity

     431,556,412,000       454,041,726,000  
  

 

 

   

 

 

 

Total equity and liabilities

     1,630,303,568,000       1,689,649,849,000  
  

 

 

   

 

 

 


AMERICA MOVIL, S.A.B. DE C.V.    Consolidated
Ticker: AMX    Quarter: 3 Year: 2022

 

[310000] Statement of comprehensive income, profit or loss, by function of expense

 

Concept

   Accumulated
Current Year
2022-01-01 -
2022-09-30
     Accumulated
Previous Year

2021-01-01  -
2021-09-30
     Quarter Current
Year
2022-07-01  -
2022-09-30
     Quarter Previous
Year

2021-07-01  -
2021-09-30
 

Profit or loss [abstract]

           

Profit (loss) [abstract]

           

Revenue

     641,666,233,000        625,907,639,000        214,466,279,000        210,770,583,000  

Cost of sales

     375,055,641,000        370,755,974,000        124,038,171,000        124,462,566,000  

Gross profit

     266,610,592,000        255,151,665,000        90,428,108,000        86,308,017,000  

Distribution costs

     92,939,167,000        88,981,968,000        31,191,924,000        29,717,863,000  

Administrative expenses

     46,126,820,000        43,736,756,000        14,492,902,000        14,255,875,000  

Other income

     0        0        0        0  

Other expense

     3,186,901,000        3,858,842,000        1,172,300,000        933,204,000  

Profit (loss) from operating activities

     124,357,704,000        118,574,099,000        43,570,982,000        41,401,075,000  

Finance income

     37,928,690,000        2,789,506,000        7,073,736,000        1,246,694,000  

Finance costs

     65,102,551,000        46,465,063,000        23,542,956,000        26,279,698,000  

Share of profit (loss) of associates and joint ventures accounted for using equity method

     48,014,000        118,674,000        52,303,000        102,551,000  

Profit (loss) before tax

     97,231,857,000        75,017,216,000        27,154,065,000        16,470,622,000  

Tax income (expense)

     33,851,832,000        22,876,408,000        10,852,082,000        3,755,909,000  

Profit (loss) from continuing operations

     63,380,025,000        52,140,808,000        16,301,983,000        12,714,713,000  

Profit (loss) from discontinued operations

     3,378,869,000        12,301,354,000        3,405,014,000        4,866,761,000  

Profit (loss)

     66,758,894,000        64,442,162,000        19,706,997,000        17,581,474,000  

Profit (loss), attributable to [abstract]

           

Profit (loss), attributable to owners of parent

     62,449,704,000        60,436,753,000        17,969,166,000        15,810,799,000  

Profit (loss), attributable to non-controlling interests

     4,309,190,000        4,005,409,000        1,737,831,000        1,770,675,000  

Earnings per share [text block]

           

Earnings per share [abstract]

           

Earnings per share [line items]

           

Basic earnings per share [abstract]

           

Basic earnings (loss) per share from continuing operations

     0.92        0.72        0.23        0.17  

Basic earnings (loss) per share from discontinued operations

     0.05        0.18        0.05        0.07  

Total basic earnings (loss) per share

     0.97        0.9        0.28        0.24  

Diluted earnings per share [abstract]

           

Diluted earnings (loss) per share from continuing operations

     0.92        0.72        0.23        0.17  

Diluted earnings (loss) per share from discontinued operations

     0.05        0.18        0.05        0.07  

Total diluted earnings (loss) per share

     0.97        0.9        0.28        0.24  


AMERICA MOVIL, S.A.B. DE C.V.    Consolidated
Ticker: AMX    Quarter: 3 Year: 2022

 

[520000] Statement of cash flows, indirect method

 

Concept

   Accumulated
Current Year

2022-01-01 -
2022-09-30
    Accumulated
Previous Year

2021-01-01 -
2021-09-30
 

Statement of cash flows [abstract]

    

Cash flows from (used in) operating activities [abstract]

    

Profit (loss)

     66,758,894,000       64,442,162,000  

Adjustments to reconcile profit (loss) [abstract]

    

+ Discontinued operations

     (2,808,752,000     896,391,000  

+ Adjustments for income tax expense

     33,851,832,000       22,876,408,000  

+ (-) Adjustments for finance costs

     15,016,511,000       32,373,967,000  

+ Adjustments for depreciation and amortisation expense

     122,386,951,000       119,863,151,000  

+ Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss

     0       0  

+ Adjustments for provisions

     14,497,642,000       16,037,279,000  

+ (-) Adjustments for unrealised foreign exchange losses (gains)

     0       0  

+ Adjustments for share-based payments

     0       0  

+ (-) Adjustments for fair value losses (gains)

     0       0  

- Adjustments for undistributed profits of associates

     0       0  

+ (-) Adjustments for losses (gains) on disposal of non-current assets

     330,915,000       566,035,000  
     (48,014,000     (118,674,000

+ (-) Adjustments for decrease (increase) in inventories

     (8,624,834,000     (1,647,223,000

+ (-) Adjustments for decrease (increase) in trade accounts receivable

     (16,641,490,000     (2,330,062,000

+ (-) Adjustments for decrease (increase) in other operating receivables

     (8,288,310,000     (10,417,083,000

+ (-) Adjustments for increase (decrease) in trade accounts payable

     (10,006,014,000     2,052,478,000  

+ (-) Adjustments for increase (decrease) in other operating payables

     (20,312,183,000     (17,939,314,000

+ Other adjustments for non-cash items

     0       0  

+ Other adjustments for which cash effects are investing or financing cash flow

     0       0  

+ Straight-line rent adjustment

     0       0  

+ Amortization of lease fees

     0       0  

+ Setting property values

     0       0  

+ (-) Other adjustments to reconcile profit (loss)

     0       0  

+ (-) Total adjustments to reconcile profit (loss)

     119,354,254,000       162,213,353,000  

Net cash flows from (used in) operations

     186,113,148,000       226,655,515,000  

- Dividends paid

     0       0  
     0       0  

- Interest paid

     0       0  

+ Interest received

     2,749,169,000       1,835,271,000  

+ (-) Income taxes refund (paid)

     39,490,141,000       26,544,350,000  

+ (-) Other inflows (outflows) of cash

     0       0  

Net cash flows from (used in) operating activities

     149,372,176,000       201,946,436,000  

Cash flows from (used in) investing activities [abstract]

    

+ Cash flows from losing control of subsidiaries or other businesses

     4,282,383,000       822,000,000  

- Cash flows used in obtaining control of subsidiaries or other businesses

     17,368,908,000       0  

+ Other cash receipts from sales of equity or debt instruments of other entities

     0       0  

- Other cash payments to acquire equity or debt instruments of other entities

     0       0  

+ Other cash receipts from sales of interests in joint ventures

     2,829,000       325,199,000  

- Other cash payments to acquire interests in joint ventures 

     0       0  

+ Proceeds from sales of property, plant and equipment

     207,731,000       171,994,000  

- Purchase of property, plant and equipment

     103,313,027,000       84,465,790,000  

+ Proceeds from sales of intangible assets

     0       0  

- Purchase of intangible assets 

     1,738,197,000       5,991,969,000  

+ Proceeds from sales of other long-term assets

     0       0  

- Purchase of other long-term assets

     0       0  


AMERICA MOVIL, S.A.B. DE C.V.    Consolidated
Ticker: AMX    Quarter: 3 Year: 2022

 

Concept

   Accumulated
Current Year

2022-01-01 -
2022-09-30
    Accumulated
Previous Year

2021-01-01 -
2021-09-30
 

+ Proceeds from government grants

     0       0  

- Cash advances and loans made to other parties

     0       0  

+ Cash receipts from repayment of advances and loans made to other parties

     0       0  

- Cash payments for futures contracts, forward contracts, option contracts and swap contracts

     0       0  

+ Cash receipts from futures contracts, forward contracts, option contracts and swap contracts

     0       0  

+ Dividends received

     4,682,650,000       2,628,600,000  

- Interest paid

     0       0  

+ Interest received

     0       0  
     0       0  

+ (-) Other inflows (outflows) of cash

     46,549,976,000       (4,439,718,000

Net cash flows from (used in) investing activities

     (66,694,563,000     (90,949,684,000

Cash flows from (used in) financing activities [abstract]

    

+ Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control

     0       0  

- Payments from changes in ownership interests in subsidiaries that do not result in loss of control

     6,076,000       5,850,000  

+ Proceeds from issuing shares

     0       0  

+ Proceeds from issuing other equity instruments

     0       0  

- Payments to acquire or redeem entity’s shares

     20,920,392,000       22,418,965,000  

- Payments of other equity instruments

     0       0  

+ Proceeds from borrowings

     127,348,086,000       70,789,875,000  

- Repayments of borrowings

     120,911,994,000       103,347,911,000  

- Payments of finance lease liabilities

     0       0  

- Payments of lease liabilities

     25,349,068,000       23,589,855,000  

+ Proceeds from government grants

     0       0  

- Dividends paid

     29,523,313,000       15,000,231,000  

- Interest paid

     21,332,493,000       16,607,756,000  

+ (-) Income taxes refund (paid)

     0       0  

+ (-) Other inflows (outflows) of cash

     0       0  

Net cash flows from (used in) financing activities

     (90,695,250,000     (110,180,693,000

Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes

     (8,017,637,000     816,059,000  

Effect of exchange rate changes on cash and cash equivalents [abstract]

    

Effect of exchange rate changes on cash and cash equivalents

     (2,983,425,000     (1,228,673,000

Net increase (decrease) in cash and cash equivalents

     (11,001,062,000     (412,614,000

Cash and cash equivalents at beginning of period

     38,679,891,000       35,917,907,000  

Cash and cash equivalents at end of period

     27,678,829,000       35,505,293,000  


Glossary of Terms

 

ARPU    Average Revenue per User. The ratio of service revenue in a given period to the average number of wireless subscribers in the same period.
Capex    Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.
Churn    Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period.
EBIT    Earnings Before Interest and Taxes, also known as Operating Profit.
EBIT margin    The ratio of EBIT to total operating revenue.
EBITDA    Earnings Before Interest, Taxes, Depreciation, and Amortization.
EBITDAaL    Earnings Before Interest, Taxes, Depreciation, and Amortization. Adjusted after lease payments.
EBITDA margin    The ratio of EBITDA to total operating revenue.
EPS (Mexican pesos)    Earnings per share. Total earnings in Mexican pesos divided by total shares.
Earnings per ADR (US$)    Total earnings in U.S. dollars divided by total ADRs equivalent.
Gross additions    Total number of subscribers acquired during the period.
Licensed pops    Licensed population. Population covered by the licenses that each of the companies manage.
LTE    Long-term evolution is a 4th generation standard for wireless communication of high-speed data for mobile phones and data terminals.
Market share    A company’s subscribers base divided by the total number of subscribers in that country.
MBOU    Megabytes of Use per subscriber. The ratio of wireless data in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.
Net subscriber additions    The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections
Net debt    Total short and long term debt minus cash and marketable securities.
Net debt/EBITDA    The ratio of total short and long-term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization.
Prepaid    Subscriber that may recharge a mobile phone. The client does not hold a contract with the company.
Postpaid    Subscriber that has a contract for the use of voice and data.
SMS    Short Message Service.
SAC    Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenue.
Wireless penetration    The ratio of total wireless subscribers in any given country divided by the total population in that country.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: October 20, 2022

 

AMÉRICA MÓVIL, S.A.B. DE C.V.
By:  

/s/ Carlos José Garcia Moreno Elizondo

Name: Carlos José Garcia Moreno Elizondo
Title: Chief Financial Officer
America Movil SAB de CV (NYSE:AMX)
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