America Móvil B de C : Q3 2022 Quarterly Report

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-lineservice 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-excludingleases-stood at 411.7 billion pesos, equivalent to 1.39 times EBITDAaL.

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Subscribers

América

Móvil

Consolidated

Mexico

Brazil

Colombia

Other South

America

Central

America and

Caribbean

Austria

Other

European

Currency

Exchange

Rates

Appendix

Glossary

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 Outstanding End of Period (billion)	63.6	65.5

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	Equity	Brand	Business Participation
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%

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Content

Highlights

Relevant events

Subscribers

América

Móvil

Consolidated

Mexico

Brazil

Colombia

Other South

America

Central

America and

Caribbean

Austria

Other

European

Currency

Exchange

Rates

Appendix

Glossary

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 Movil'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

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Highlights

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Subscribers

América

Móvil

Consolidated

Mexico

Brazil

Colombia

Other South

America

Central

America and

Caribbean

Austria

Other

European

Currency

Exchange

Rates

Appendix

Glossary

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.

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Content

Highlights

Relevant events

Subscribers

América

Móvil

Consolidated

Mexico

Brazil

Colombia

Other South

America

Central

America and

Caribbean

Austria

Other

European

Currency

Exchange

Rates

Appendix

Glossary

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).

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

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Content

Highlights

Relevant events

Subscribers

América

Móvil

Consolidated

Mexico

Brazil

Colombia

Other South

America

Central

America and

Caribbean

Austria

Other

European

Currency

Exchange

Rates

Appendix

Glossary