CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Carlos García-Moreno
Chief Financial Officer carlos.garciamoreno@amovil.com
Daniela Lecuona Torras
Investor Relations Office daniela.lecuona@americamovil.com
América Móvil's fourth quarter of 2019 financial and operating report
4Q19 | |
Mexico City, February 11th, 2020 - América Móvil, S.A.B. de C.V. ("América Móvil") [BMV: | |
AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the | |
fourth quarter of 2019. | |
• We added 1.9 million mobile postpaid subscribers in the fourth quarter, in- | 1.9M postpaid net |
cluding 1.2 million in Brazil, 242 thousand in Mexico and 101 thousand in | adds |
Colombia. On the fixed-line platform we obtained 181 thousand fixed-broad- | |
band clients. | |
• Mobile postpaid and fixed-broadband remain the main drivers of access | Mobile postpaid base |
growth at 8.1% and 4.2% year-on-year respectively, while mobile prepaid | up 8.1% YoY |
subs declined 2.3% and fixed-voice accesses and PayTV units were down 2.2% | |
and 2.8%. |
Colombia
Chile
Ecuador
- Revenues of 263 billion pesos were flatyear-on-year in Mexican peso terms on account of the appreciation of the Mexican peso vs. all other operating currencies.
- At constant exchange rates (excluding Argentina, given that it is subject to in-flation-adjusted accounting) service revenues accelerated to 3.2% from 2.5% in the prior quarter with those on the mobile platform growing 5.7% year- over-year-15.6% in Brazil, 8.5% in Colombia, 7.6% in Mexico and 5.7% in our European operations-and those on the fixed one practically flat.
Revenues of MxP 263Bn
Service revenues 3.2% YoY at constant Fx
Peru
Central America
Caribbean
- Under IFRS16 our EBITDA came in at 81.7 billion pesos in the fourth quar- ter and was equivalent to 31.1% of revenues. Under comparable accounting standards, and at constant exchange ratesex-Argentina, EBITDA shot up 7.6% after adjusting for extraordinary items in Brazil, Austria and Mexico.
- EBITDA growth accelerated in Peru to 22%; Central America to 17.8%, the U.S. to 16.3%; Colombia to 14.5%, Mexico to 5.9% (organic) and Brazil to 4.7% after adjusting for extraordinary items.
Excluding one-offs, EBITDA +7.6% YoY at constant Fx
USA
Austria & CEE
Currency Exchange Rates
Appendix
- Our 44.6 billion pesos operating profit and 8.0 billion pesos in comprehensive financing costs resulted in a net profit of 21.2 billion in the quarter, 63.4% more than in theyear-earlier quarter.
- Including capitalized obligations, our net debt ended the year at 677 billion pesos. Under IAS17 our net debt to EBITDA ratio stood at 1.95x.
- Acquisitions came in at 24.9 billion pesos, principally accounted for by Nex- tel Brazil. In addition we reduced pension obligations by 20.2 billion pesos, mainly in Telmex and covered shareholder distributions of 22.9 billion pesos, mostly by way of dividends.
Net profit of MxP 21Bn
Net debt to EBITDA at 1.95x
Shareholders distributions of MxP 23Bn
Glossary
We will host our conference call to discuss 4Q19 financial and operating results on February 12that 9:00am
Mexico City time. To access the call please log on to www.americamovil.com/investors
CONTENT | page 2 | |||||
Highlights | ||||||
América Móvil Fundamentals | ||||||
Relevant events | 4Q19 | 4Q18 | ||||
Earnings per Share (Mex$) (1) | 0.32 | 0.20 | ||||
Subscribers | Earning per ADR (US$) (2) | 0.33 | 0.20 | |||
EBITDA per Share (Mex$) (3) | 1.24 | 1.09 | ||||
América Móvil | EBITDA per ADR (US$) | 1.28 | 1.10 | |||
Net Income (millions of Mex$) | 21,194 | 12,971 | ||||
Consolidated | ||||||
Average Shares Outstanding (billion) | 66.01 | 66.04 | ||||
Mexico | ||||||
(1) Net Income / Average Shares Outstanding | ||||||
(2) 20 shares per ADR | ||||||
(3) EBITDA / Average Shares Outstanding | ||||||
Argentina | ||||||
América Móvil's Subsidiaries as of December 2019 | ||||||
Country | Brand | Business | Equity | |||
Brazil | Participation | |||||
Mexico | Telcel | wireless | 100.0% | |||
Colombia | Telmex | wireline | 98.8% | |||
Sección Amarilla (1) | other | 100.0% | ||||
Telvista | other | 90.0% | ||||
Chile | ||||||
Argentina | Claro | wireless | 100.0% | |||
Telmex | wireline | 100.0% | ||||
Ecuador | Brazil | Claro | wireless/wireline | 98.5% | ||
Chile | Claro | wireless | 100.0% | |||
Telmex(1) | wireline | 100.0% | ||||
Peru | ||||||
Colombia | Claro | wireless/wireline | 99.4% | |||
Costa Rica | Claro | wireless | 100.0% | |||
Central America | Dominicana | Claro | wireless/wireline | 100.0% | ||
Ecuador | Claro | wireless/wireline | 100.0% | |||
El Salvador | Claro | wireless/wireline | 95.8% | |||
Caribbean | ||||||
Guatemala | Claro | wireless/wireline | 99.3% | |||
Honduras | Claro | wireless/wireline | 100.0% | |||
USA | ||||||
Nicaragua | Claro | wireless/wireline | 99.6% | |||
Panama | Claro | wireless/wireline | 100.0% | |||
Austria & CEE | Paraguay | Claro | wireless/wireline | 100.0% | ||
Peru | Claro | wireless/wireline | 100.0% | |||
Currency | Puerto Rico | Claro | wireless/wireline | 100.0% | ||
Uruguay | Claro | wireless/wireline | 100.0% | |||
Exchange Rates | ||||||
USA | Tracfone | wireless | 100.0% | |||
Appendix | Netherlands | KPN | wireless/wireline | 16.1% | ||
Austria | Telekom Austria | wireless/wireline | 51.0% | |||
(1) Equity Participation of TELINT of which América Móvil owns 100%.
Glossary
CONTENT
page 3
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Beginning January 1st, 2019 we implemented IFRS 16 accounting standards. The information presented in this report was prepared in a prospective basis; comparable information is provided in the appendix.
The reported figures for Argentina corresponding to the fourth quarter of 2019 and the period January-December 2019 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
On December 18th, we completed the acquisition of 100% of Nextel Brazil from NII Holdings. With this transaction, AMX consolidates its operations as one of the leading telecommunication service providers in Brazil, strengthening its mobile network capacity, spectrum portfolio and market position in the postpaid seg- ment, particularly in the cities of São Paulo and Rio de Janeiro.
On January 27th,Teléfonos del Noroeste, S.A. de C.V. ("Telnor"), was notified of a fine imposed by the IFT for an amount of MXP$1,311.8 million derived from a proceeding with respect to the alleged breach to the availability of information of certain passive infrastructure (post, duct) in the management electronic system used for the request of wholesale services from Telnor. Due to the lack of a due process, América Móvil and Telnor do not share the way the proceeding was con- ducted, nor the resolution approved by the IFT's commissioners and will exercise all legal remedies to challenge it. This arbitrary, illegal and disproportionate fine affects the legal certainty in a sector that requires important investments for its development.
Acquisition of Nextel Brazil will strenghten our market position
Fine imposed by IFT
Central America
Caribbean
USA
Austria & CEE
Access Lines
We finished the year with 278 million wireless subscribers after net disconnections of 689 thousand. This figure comprises 1.9 million postpaid net gains and
2.6 million prepaid disconnections. Our postpaid base was up 8.1% to 89 million subs. Brazil led the way in terms of postpaid growth after adding 1.2 million subs, followed by Mexico with 242 thousand and Colombia with 101 thousand. The prepaid base ended the quarter with 189.1 million subs, 2.3% below last year.
1.9M posptaid net adds
Currency Exchange Rates
Appendix
Glossary
On the fixed-line segment we had nearly 84 million RGUs, after disconnections | 333k new |
of 333 thousand units as new broadband accesses could not compensate for the | broadband |
disconnections of voice and PayTV units. We had 31 million fixed broadband con- | accesses |
nections at the end of December, 4.2% more than a year before with our main | |
markets Brazil and Mexico, similar in size, growing 1.9% and 0.7%, respectively. | |
Several markets including the Central America block, Argentina, Peru and Ecua- | |
dor observed double digit growth. |
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 4
Mobile postpaid and fixed-broadband continued to be the main drivers of access | Postpaid base up |
growth at 8.1% and 4.2%, respectively with mobile overtaking fixed broadband | 8.1% YoY |
for the first time in several quarters. Mobile prepaid and PayTV accesses declined | |
2.3% and 2.8%, respectively, while fixed-voice accesses were down 2.2% from a | |
year before. |
Wireless Subscribers as of December 2019
Total(1) | (Thousands) | ||||
Country | Dec '19 | Sep '19 | Var.% | Dec '18 | Var.% |
Argentina, Paraguay and Uruguay | 24,634 | 24,536 | 0.4% | 24,264 | 1.5% |
Austria & CEE | 21,296 | 21,520 | -1.0% | 21,029 | 1.3% |
Brazil | 54,488 | 56,451 | -3.5% | 56,416 | -3.4% |
Central America | 15,488 | 15,290 | 1.3% | 14,364 | 7.8% |
Caribbean | 6,244 | 6,139 | 1.7% | 5,887 | 6.1% |
Chile | 6,873 | 6,779 | 1.4% | 6,707 | 2.5% |
Colombia | 31,104 | 30,577 | 1.7% | 29,681 | 4.8% |
Ecuador | 8,493 | 8,422 | 0.8% | 8,246 | 3.0% |
Mexico | 76,918 | 76,150 | 1.0% | 75,448 | 1.9% |
Peru | 11,611 | 11,623 | -0.1% | 12,098 | -4.0% |
USA | 20,876 | 21,229 | -1.7% | 21,688 | -3.7% |
Total Wireless Lines | 278,027 | 278,716 | -0.2% | 275,827 | 0.8% |
- 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 December 2019
Total(1) | (Thousands) | ||||
Country | Dec '19 | Sep '19 | Var.% | Dec '18 | Var.% |
Argentina, Paraguay and Uruguay | 1,114 | 1,023 | 8.9% | 775 | 43.8% |
Austria & CEE | 6,143 | 6,135 | 0.1% | 6,203 | -1.0% |
Brazil | 34,048 | 34,448 | -1.2% | 35,285 | -3.5% |
Central America | 7,095 | 7,031 | 0.9% | 6,465 | 9.7% |
Caribbean | 2,528 | 2,537 | -0.4% | 2,546 | -0.7% |
Chile | 1,400 | 1,418 | -1.3% | 1,424 | -1.7% |
Colombia | 7,613 | 7,555 | 0.8% | 7,171 | 6.2% |
Ecuador | 446 | 431 | 3.3% | 384 | 15.9% |
Mexico | 21,992 | 22,158 | -0.8% | 22,337 | -1.5% |
Peru | 1,603 | 1,578 | 1.6% | 1,472 | 8.9% |
Total RGUs | 83,983 | 84,315 | -0.4% | 84,062 | -0.1% |
(1) Fixed Line, Broadband and Television (Cable & DTH).
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
page 5
América Móvil Consolidated Results
With U.S. long-term interest rates stabilizing in the fourth quarter after a sharp decline that began in February 2019 and the stock market reaching all-time highs on the back of sustained economic momentum and the said reduction in interest rates, the year ended on an improving note on the U.S. economic front. In this context, coupled with weak but improving levels of economic activity in Latin America's larger countries, the currencies in the region generally strengthened or were stable throughout the quarter with the noted exception of the Chilean peso that depreciated as a result of the social unrest in last November.
Our fourth quarter revenues totaled 263 billion pesos, including "other revenues", | Service revenues |
of 2.6 billion pesos derived from the restructuring of certain amounts owed un- | expanded 3.2% YoY |
der equipment lease agreements in Mexico. In Mexican peso terms our revenues | at constant Fx |
were flat year-on-year, reflecting the depreciation of our currencies vs. the Mexi- | |
can peso that appreciated 11.3% against the Brazilean real, 10.6% vs. the Colom- | |
bian peso, 14.3% vs. the Chilean peso, 6.0% vs. the euro and 3.0% vs. the dollar. | |
At constant exchange rates service revenues actually accelerated to a pace of | |
3.2% year-on-year from 2.5% the prior quarter (excluding Argentina because of | |
its hyperinflationary situation) with continued strong performance in the mobile | |
platform and improving trends on the fixed one. Three of our top four operations | |
posted positive revenue growth on both fixed and mobile platforms; a year ago | |
only one did. |
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Mobile service revenues kept picking up, with their annual rate of growth hitting 5.7% from 4.6% in the third quarter whereas our fixed revenues were practically flat, marking their best showing in 2019 as fixed-broadband growth roughly made up for revenue losses in voice and PayTV.
On the mobile platform, our Brazilian operations posted a 15.6% increase, aided by continued market share gains in the postpaid segment: in fact, mobile postpaid revenues soared 21%. In the Dominican Republic mobile service revenues were up 8.9%; in Colombia 8.5%; in Mexico 7.6% and in our European operations 5.7%. Save for Mexico, all the countries mentioned before posted their best performances in more than a year-if not ever. As for fixed-service revenue growth, it reached nearly 14% in Paraguay; 8.6% in Colombia; 7.8% in Ecuador and 4.0% in Peru.
4Q19 Service Revenues(1) | Mobile service | |||
revenues +5.7% YoY | ||||
(%) | ||||
at constant Fx | ||||
Several operations | ||||
posted their best | ||||
performance in | ||||
30Mobile Postpaid | 2+34mobile service | |||
Mobile Prepaid | revenues |
Fixed Bundles(1) | |
Fixed Voice |
- IncludesFixed-Broadband,Pay-TV and Fixed Voice in double or triple play bundles.
Appendix
Glossary
Postpaid mobile services became our most dynamic business segment, with | Postpaid revenues |
growth accelerating to nearly 8% from 5.8% the prior quarter, overtaking fixed | up 8% YoY |
broadband services, at 7.1%. Mobile prepaid services and corporate networks fol- | |
lowed, with revenue growth of 3.8% and 1.3%, respectively. |
CONTENT
Highlights
Relevant events
page 6
Under IFRS16 our EBITDA came in at 81.7 billion pesos in the fourth quarter, cor- | Excluding one-offs, |
responding to a 31.1% EBITDA margin. At constant exchange rates, our organic | EBITDA +7.6% YoY |
EBITDA (IAS17) was up 7.6% adjusting for extraordinary items in Mexico, Austria | |
and in Brazil in the fourth quarter of 2018, reflecting greater operating leverage. |
Subscribers
América Móvil Consolidated
Mexico
We observed double-digit EBITDA growth in several countries-Peru, 22%; Central America 17.8%; the U.S. 16.3%, Colombia, 14.5%, México, 5.9% (organic)-with Brazil expanding 4.7% after the above-mentioned adjustment. The EBITDA margins increased approximately 1 percentage point in each of Mexico, Telekom Austria (excluding restructuring costs), Argentina, the U.S. and Colombia, with Central America and Peru presenting margin increases of 4 to 5 percentage points. We obtained a 44.6 billion pesos operating profit that, after factoring in 8.0 bil-
Double digit EBITDA growth in several countries
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
América Móvil's Income Statement Millions of Mexican pesos
4Q19(1) | 4Q18 (2) | Var.% | Jan - Dec 19(1) | Jan - Dec 18 (2) | Var.% | |
Service Revenues | 209,055 | 213,694 | -2.2% | 829,831 | 860,985 | -3.6% |
Equipment Revenues | 50,980 | 49,332 | 3.3% | 172,983 | 174,560 | -0.9% |
Total Revenues* | 263,187 | 263,310 | 0.0% | 1,007,348 | 1,038,208 | -3.0% |
Cost of Service | 74,042 | 81,944 | -9.6% | 297,193 | 328,808 | -9.6% |
Cost of Equipment | 50,969 | 52,101 | -2.2% | 174,544 | 180,014 | -3.0% |
Selling, General & Administrative Expenses | 54,504 | 57,620 | -5.4% | 215,994 | 227,192 | -4.9% |
Others | 1,923 | -137 | n.m. | 5,862 | 6,923 | -15.3% |
Total Costs and Expenses | 181,438 | 191,528 | -5.3% | 693,592 | 742,938 | -6.6% |
EBITDA | 81,749 | 71,783 | 13.9%(3) | 313,756 | 295,270 | 6.3%(3) |
% of Total Revenues | 31.1% | 27.3% | 31.1% | 28.4% | ||
Depreciation & Amortization | 37,126 | 35,877 | 3.5% | 158,915 | 155,713 | 2.1% |
EBIT | 44,622 | 35,906 | 24.3%(3) | 154,841 | 139,557 | 11.0%(3) |
% of Total Revenues | 17.0% | 13.6% | 15.4% | 13.4% | ||
Net Interest Expense | 5,204 | 1,387 | 275.2% | 31,627 | 21,125 | 49.7% |
Other Financial Expenses | 4,528 | -8,111 | 155.8% | 7,075 | 10,176 | -30.5% |
Foreign Exchange Loss | -1,686 | 16,036 | -110.5% | -5,226 | 7,262 | -172.0% |
Comprehensive Financing Cost (Income) | 8,045 | 9,311 | -13.6%(3) | 33,476 | 38,564 | -13.2%(3) |
Income & Deferred Taxes | 15,317 | 13,363 | 14.6% | 51,034 | 46,477 | 9.8% |
Net Income before Minority | ||||||
Interest and Equity Participation in Results | 21,260 | 13,232 | 60.7% | 70,331 | 54,517 | 29.0% |
of Affiliates | ||||||
Equity Participation in Results of Affiliates | -24 | 11 | -319.8% | -18 | 0 | n.m. |
Minority Interest | -41 | -272 | 84.8% | -2,583 | -1,951 | -32.4% |
Net Income | 21,194 | 12,971 | 63.4%(3) | 67,731 | 52,566 | 28.8%(3) |
- Under IFRS 16.(2)Under IAS 17. (3)The comparison is for reference only. It is not meaningful given figures were obtained with different methodologies. Comparable information is provided in the appendix 1.
*Total revenues include Other Revenues. n.m. Not meaningful.
CONTENT
Highlights
page 7
Relevant events
Subscribers
América Móvil Consolidated
Mexico
lion pesos in comprehensive financing costs, helped bring about a 21.2 billion net profit in the period, a 63.4% increase from the year-earlier quarter. Our net profit was equivalent to 32 peso cents per share or 33 dollar cents per ADR.
Including capitalized obligations, our net debt ended the year at 677 billion pesos, 7.2 billion pesos lower than at the end of 2018. Under IAS17, excluding capitalized obligations from the debt and substracting lease payments from our EBITDA, our net debt to EBITDA ratio stood at 1.96 times. In cash flow terms we increased our net debt by 16.3 billion pesos in 2019.
Net profit of MxP 20Bn, +55% YoY
Net debt to EBITDA at 1.96x
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
Shareholder distributions totaled 22.9 billion pesos, mostly by way of dividends, | |
while acquisitions came in at 24.9 billion pesos, principally having to do with Nex- | Shareholders |
tel Brazil. In addition we reduced pension obligations by 20.2 billion pesos, mainly | distributions of MxP |
in Telmex. | 23Bn |
Balance Sheet - América Móvil Consolidated Millions of Mexican Pesos
Dec '19* | Dec '18 | Var.% | Dec '19* | Dec '18 | Var.% | ||
Current Assets | Current Liabilities | ||||||
Cash, Marketable | |||||||
Securities & Other Short | 67,464 | 70,676 | -4.5% | Short Term Debt* | 129,172 | 96,231 | 34.2% |
Term Ivestments | |||||||
Accounts Receivable | 211,532 | 221,514 | -4.5% | Lease-Related Debt | 25,895 | ||
Other Current Assets | 10,747 | 16,560 | -35.1% | Accounts Payable | 272,556 | 278,391 | -2.1% |
Inventories | 41,102 | 40,305 | 2.0% | Other Current | 97,777 | 92,469 | 5.7% |
Liabilities | |||||||
330,844 | 349,056 | -5.2% | 525,400 | 467,091 | 12.5% | ||
Non Current Assets | Non Current Liabilities | ||||||
Plant & Equipment | 639,343 | 640,001 | -0.1% | Long Term Debt | 495,082 | 542,692 | -8.8% |
Rights of Use | 118,003 | Lease-Related Debt | 94,702 | ||||
Investments in Affiliates | 2,474 | 3,133 | -21.0% | Other Liabilities | 189,843 | 173,568 | 9.4% |
779,627 | 716,260 | 8.8% | |||||
Deferred Assets | |||||||
Goodwill (Net) | 152,900 | 145,566 | 5.0% | ||||
Intangible Assets | 125,169 | 122,138 | 2.5% | Shareholder's Equity | 226,907 | 245,872 | -7.7% |
Deferred Assets | 163,199 | 169,330 | -3.6% | ||||
Total Assets | 1,531,934 | 1,429,223 | 7.2% | Total Liabilities | 1,531,934 | 1,429,223 | 7.2% |
and Equity | |||||||
Includes current portion of Long Term Debt. *Includes Nextel Brazil.
CONTENT | page 8 | |||
Highlights | ||||
Financial Debt of América Móvil* Millions | ||||
Relevant events | ||||
Dec -19 | Dec -18 | |||
Peso - denominated debt (MxP) | 80,129 | 72,501 | ||
Subscribers | Bonds and other securities | 58,129 | 68,001 | |
Banks and others | 22,000 | 4,500 | ||
U.S. Dollar - denominated debt (USD) | 9,472 | 9,947 | ||
América Móvil | ||||
Bonds and other securities | 8,975 | 9,353 | ||
Consolidated | ||||
Banks and others | 497 | 594 | ||
Euro - denominated Debt (EUR) | 11,165 | 11,281 | ||
Mexico | Bonds and other securities | 11,065 | 11,036 | |
Banks and others | 100 | 245 | ||
Argentina | Sterling - denominated Debt (GBP) | 2,750 | 2,750 | |
Bonds and other securities | 2,750 | 2,750 | ||
Reais - denominated Debt (BRL) | 7,475 | 6,480 | ||
Brazil | Bonds and other securities | 7,475 | 6,475 | |
Banks and others | 0 | 5 | ||
Debt denominated in other currencies (MxP) | 26,045 | 14,203 | ||
Colombia | Bonds and other securities | 5,818 | 6,240 | |
Banks and others | 20,227 | 7,963 | ||
Chile | Total Debt (MxP) | 624,254 | 638,922 | |
Cash, Marketable Securities and Short Term Financial | 67,464 | 70,676 | ||
Investments (MxP) | ||||
Ecuador | Net Debt (MxP) | 556,790 | 568,246 | |
*This table does not include the effect of forwards and derivatives used to hedge our foreign exchange exposure.
Peru
Central America
Caribbean
USA
Austria & CEE
Currency
Exchange Rates
Appendix
Glossary
CONTENT
page 9
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
We gained 242 thousand new postpaid clients in Mexico in the fourth quarter and 526 thousand prepaids to finish the year with nearly 77 million wireless subscrib- ers, 1.9% more than we had at the end of 2018. Altogether we added almost 1.5 million subscribers throughout the year. On the fixed-line platform we disconnected 166 thousand accesses in the quarter, substantially all of them fixed-voice, ending the year with 22 million accesses, 1.5% less than a year before.
242k postpaid net adds and 526k prepaid net adds
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
At 81.7 billion pesos, our revenues were up 6.4% from the year-earlier quarter, | Revenues of MxP | |||||
which includes under "other revenues", 2.6 billion pesos derived from the restruc- | 82Bn | |||||
turing of certain amounts owed under equipment lease agreements. | ||||||
Service revenues expanded 5.0% with mobile service revenues increasing 7.6% on | Mobile service | |||||
the back of strong prepaid-revenue growth, 10.7%. ARPUs kept on rising to 154 | revenues +7.6% YoY | |||||
pesos, a 5.8% year-on-year increase, driven by continued advances in data-ser- | ||||||
vices usage per client. | ||||||
Fixed-line service revenues increased 0.8% after several quarters of declines | ||||||
mostly on the back of broadband revenue growth and corporate networks. | ||||||
EBITDA totaled 30.1 billion pesos under IFRS 16. Under comparable financial | EBITDA +13% YoY | |||||
standards it rose 12.7% from the prior year, but adjusting for one-off items it was | ||||||
up 5.9% on the strength of service revenue growth on both fixed and mobile plat- | ||||||
forms. | ||||||
We have been expanding wireless coverage to reach smaller towns and rural ar- | Coverage | |||||
eas. On the fixed platform we have also been more active in building fiber to the | throughout the | |||||
home and upgrading our network to provide greater speeds. | country | |||||
INCOME STATEMENT -MexicoMillions of MxP | ||||||
4Q19(1) | 4Q18 (2) | Var.% | Jan - Dec 19(1) | Jan - Dec 18 (2) | Var.% | |
Total Revenues* | 81,710 | 76,788 | 6.4% | 295,184 | 284,512 | 3.8% |
Total Service Revenues | 54,508 | 51,889 | 5.0% | 212,062 | 203,026 | 4.5% |
Wireless Revenues | 58,382 | 54,377 | 7.4% | 210,319 | 197,073 | 6.7% |
Service Revenues | 35,110 | 32,635 | 7.6% | 135,573 | 126,164 | 7.5% |
Equipment Revenues | 23,272 | 21,742 | 7.0% | 74,746 | 70,908 | 5.4% |
Fixed Line Service Revenues | 19,398 | 19,253 | 0.8% | 76,489 | 76,862 | -0.5% |
EBITDA | 30,149 | 24,582 | 109,370 | 94,001 | ||
% total revenues | 36.9% | 32.0% | 37.1% | 33.0% | ||
EBIT | 23,243 | 17,854 | 76,252 | 64,839 | ||
% | 28.4% | 23.3% | 25.8% | 22.8% |
*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.
(1)Under IFRS 16. (2)Under IAS 17.
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 10
Mexico Operating Data
4Q19 | 4Q18 | Var.% | |
Wireless Subscribers (thousands) | 76,918 | 75,448 | 1.9% |
Postpaid | 14,350 | 13,512 | 6.2% |
Prepaid | 62,569 | 61,936 | 1.0% |
MOU | 535 | 526 | 1.9% |
ARPU (MxP)(1) | 154 | 145 | 5.8% |
Churn (%) | 4.4% | 4.4% | (0.0) |
Revenue Generating Units (RGUs) * | 21,992 | 22,337 | -1.5% |
Fixed Lines | 12,299 | 12,715 | -3.3% |
Broadband | 9,693 | 9,622 | 0.7% |
-
Fixed Line and Broadband.
(1)Under IFRS 15.
CONTENT
page 11
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
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.
Revenues in Argentina declined 4.9% annually at constant pesos to 24.8 billion Argentinean pesos. Mobile service revenues were down 5.8% with those of the prepaid segment falling 0.6% and postpaid coming down 8.4% somewhat more than in the prior quarter as we became more promotional in the holiday season. Fixed service revenues fell 5.8%, we are offering discounts in the aim to gain scale in the fixed market.
Mobile service revenues down 5.8% YoY
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
In an effort to maintain profitability, we have been able to reduce costs and ex- | EBITDA margin | |||||
penses by 8.9% year-on-year. EBITDA (under IFRS16) was 10.1 billion Argentinean | expansion of 1.1p.p. | |||||
pesos, and the EBITDA margin stood at 40.9% of revenues. Under comparable ac- | ||||||
counting standards, it declined only 2.2% in real terms, but the margin expanded | ||||||
1.1 percentage points. | ||||||
INCOME STATEMENT -ArgentinaMillions of Constant ARS of December 2019 | ||||||
4Q19(1) | 4Q18 (2) | Var.% | Jan - Dec 19(1) | Jan - Dec 18 (2) | Var.% | |
Total Revenues* | 24,770 | 26,033 | -4.9% | 100,738 | 108,662 | -7.3% |
Total Service Revenues | 19,551 | 20,762 | -5.8% | 81,199 | 86,538 | -6.2% |
Wireless Revenues | 22,449 | 23,851 | -5.9% | 92,416 | 101,702 | -9.1% |
Service Revenues | 19,551 | 20,762 | -5.8% | 81,199 | 86,538 | -6.2% |
Equipment Revenues | 5,059 | 5,193 | -2.6% | 19,218 | 21,959 | -12.5% |
Fixed Line Revenues | 2,160 | 2,104 | 2.7% | 8,001 | 6,795 | 17.8% |
EBITDA | 10,121 | 9,947 | 41,622 | 41,969 | ||
% total revenues | 40.9% | 38.2% | 41.3% | 38.6% | ||
EBIT | 8,377 | 8,383 | 33,826 | 35,151 | ||
% | 33.8% | 32.2% | 33.6% | 32.3% |
*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.
- Under IFRS 16.(2)Under IAS 17.
Argentina Operating Data
4Q19 | 4Q18 | Var.% | |
Wireless Subscribers (thousands)(1) | 21,894 | 21,820 | 0.3% |
Postpaid | 8,448 | 8,381 | 0.8% |
Prepaid | 13,446 | 13,440 | 0.0% |
MOU | 77 | 80 | -3.5% |
ARPU (ARP) (2) | 257 | 181 | 42.0% |
Churn (%) | 1.9% | 1.9% | (0.0) |
Revenue Generating Units (RGUs) * | 781 | 465 | 68.0% |
* Fixed Line, Broadband and Television.
(1)Hybrid subscribers are now included in our postpaid figures (2)Under IFRS 15.
CONTENT
page 12
Highlights
Relevant events
Subscribers
Brazil
We added 1.2 million postpaid subscribers in the fourth quarter for a total of four million in the full year. We ended the year with a total of 54.5 million mobile customers, leading the portability net balance, with a record addition of customers that migrated their number to Claro.
1.2M postpaid net adds
América Móvil Consolidated
Mexico
Argentina
As for the fixed-line platform, we added 22.4 thousand broadband accesses in | Improvement of |
the fourth quarter, maintaining our leadership in the market. We reached 5.9 | our position in the |
million ultrabroadband accesses (connections faster than 34 Mbps). With the | ultrabroadband |
expansion to 52 new cities in 2019, our FTTH footprint reached 68 new cities. segmentWe are improving our market share position on these geographies and leading ultrabroadband adoption in Brazil.
Brazil
Colombia
Chile
Total revenues were up 3.1% year-on-year to 9.3 billion reais, with service revenues rising 3.2%. Mobile service revenues showed solid growth of 15.6%-its best showing ever-driven by outstanding growth in postpaid revenues that were up 21.0%.
On the fixed-line platform revenues declined 3.1%. Broadband revenues rose 9.5% but voice and PayTV revenues were off 16.5% and 8.2%. We added 15.6 thousand new broadband accesses and 843.1 thousand new M2M/IOT accesses in the fourth quarter of 2019.
Mobile service revenues up 16% YoY
Broadband +10% YoY
Ecuador
Peru
Central America
EBITDA was 3.5 billion reais under IFRS16, representing an EBITDA margin of 37.4% of revenues. Under the prior accounting standards, and adjusting for the extraordinary booking last year of a profit derived from having won certain legal proceedings involving taxes, EBITDA was up 4.7% from a year before, with the EBITDA margin rising 50 basis points. For the full year, our EBITDA margin rose 1.1 percentage points in spite of record postpaid net adds.
Adjusting for one- offs, EBITDA +4.7% YoY
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
In December, we completed the acquisition of Nextel in Brazil by virtue of which we will be adding approximately 3.5 million subscribers. Most of the clients are concentrated in the cities of Sao Paulo and Rio de Janeiro in which we will be adding three points to our postpaid share to reach 28% in the former, and seven points to get to 37% in the latter. Additionally, this transaction will strengthen Claro's spectrum position.
Acquisition in Nextel
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 13
INCOME STATEMENT - Brazil | Millions of BrL | |||||
4Q19(1) | 4Q18 (2) | Var.% | Jan - Dec 19(1) | Jan - Dec 18 (2) | Var.% | |
Total Revenues* | 9,298 | 9,021 | 3.1% | 36,331 | 35,660 | 1.9% |
Total Service Revenues | 8,954 | 8,674 | 3.2% | 35,146 | 34,505 | 1.9% |
Wireless Revenues | 3,734 | 3,275 | 14.0% | 13,886 | 12,653 | 9.7% |
Service Revenues | 3,402 | 2,943 | 15.6% | 12,763 | 11,549 | 10.5% |
Equipment Revenues | 332 | 332 | 0.0% | 1,123 | 1,104 | 1.7% |
Fixed Line Revenues | 5,552 | 5,731 | -3.1% | 22,383 | 22,957 | -2.5% |
EBITDA | 3,481 | 3,085 | 13,527 | 12,096 | ||
% total revenues | 37.4% | 34.2% | 37.2% | 33.9% | ||
EBIT | 1,423 | 1,362 | 5,501 | 4,044 | ||
% | 15.3% | 15.1% | 15.1% | 11.3% |
*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.
- Under IFRS 16.(2)Under IAS 17.
Brazil Operating Data
4Q19 | 4Q18 | Var.% | |
Wireless Subscribers (thousands) | 54,488 | 56,416 | -3.4% |
Postpaid | 27,491 | 23,506 | 17.0% |
Prepaid | 26,997 | 32,910 | -18.0% |
MOU(1) | 161 | 118 | 35.7% |
ARPU (BrL)(2) | 20 | 17 | 20.5% |
Churn (%) | 5.7% | 5.7% | (0.0) |
Revenue Generating Units (RGUs) * | 34,048 | 35,285 | -3.5% |
- Fixed Line, Broadband and Television.
- We modified the methodology for calculating MOUs. We no longer include M2M subscribers.(2)Under IFRS 15.
CONTENT
Highlights
Relevant events
Subscribers
page 14
Colombia
We added 101 thousand postpaid subscribers and 426 thousand prepaid subscrib- | 101k postpaid net |
ers in the quarter. Total net gains in 2019 of 1.4 million were four times greater | adds |
than in the prior year. On the fixed-line platform, we obtained 58 thousand new | |
RGUs. |
América Móvil Consolidated
Mexico
Argentina
Brazil
Total revenues were 3.4 billion Colombian Pesos, with service revenue growth accelerating to 8.5% year-on-year-the best performance since 2Q18-and equipment revenues growing 25%.
Mobile service revenues of 1.6 billion Colombian pesos were up 8.5% from the year before, as prepaid revenue growth accelerated sharply to 11.2% from 4.8% in the prior quarter, while postpaid revenues grew 7.1% compared to 4.6% in the third quarter. Fixed-line service revenues increased 8.6%. Broadband is the single most important component of fixed service revenues it was up 12.2% in the fourth quarter, followed by PayTV that rose 5.8% year-on-year. At nearly 20%, corporate services is the fastest growing business line.
Best performance in service revenues since 2Q18
Postpaid revenues +7.1% YoY
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
Under IFRS16 our EBITDA was 1.4 billion Colombian pesos, equivalent to 43.1%. EBITDA +15% YoYOn comparable standards, EBITDA grew 14.5% -the fastest pace in over a year.
In a spectrum auction that took place in the first days of January, we were granted the use of 20MHz of spectrum in the 700MHz frequency and 3 blocks of 10MHz each in the 2500 MHz band.
INCOME STATEMENT - ColombiaBillions of COP
4Q19(1) | 4Q18 (2) | Var.% | Jan - Dec 19(1) | Jan - Dec 18 (2) | Var.% | |
Total Revenues* | 3,354 | 2,998 | 11.9% | 12,655 | 11,580 | 9.3% |
Total Service Revenues | 2,533 | 2,334 | 8.5% | 9,752 | 9,210 | 5.9% |
Wireless Revenues | 2,374 | 2,081 | 14.1% | 8,826 | 8,071 | 9.4% |
Service Revenues | 1,584 | 1,460 | 8.5% | 6,072 | 5,820 | 4.3% |
Equipment Revenues | 790 | 621 | 27.2% | 2,755 | 2,251 | 22.4% |
Fixed Line Revenues | 962 | 895 | 7.5% | 3,756 | 3,457 | 8.7% |
EBITDA | 1,446 | 1,211 | 5,497 | 4,747 | ||
% | 43.1% | 40.4% | 43.4% | 41.0% | ||
EBIT | 901 | 678 | 3,235 | 2,700 | ||
% | 26.9% | 22.6% | 25.6% | 23.3% |
*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.
1)Under IFRS 16. (2)Under IAS 17.
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 15
Colombia Operating Data
4Q19 | 4Q18 | Var.% | |
Wireless Subscribers* (thousands) | 31,104 | 29,681 | 4.8% |
Postpaid | 7,351 | 6,937 | 6.0% |
Prepaid | 23,753 | 22,744 | 4.4% |
MOU(1) | 293 | 225 | 30.4% |
ARPU (COP) (2) | 17,252 | 18,920 | -8.8% |
Churn (%) | 4.8% | 4.9% | (0.1) |
Revenue Generating Units (RGUs)** | 7,613 | 7,171 | 6.2% |
*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). **Fixed Line, Broadband and Television.
- We modified the methodology for calculating MOUs. We no longer include M2M subscribers.(2)Under IFRS 15.
CONTENT
page 16
Highlights
Relevant events
Subscribers
Chile
Revenues of 211 billion Chilean pesos were 2.6% lower than those obtained in the prior year with service revenues declining 4.1%. On the mobile platform they were down 3.8% due to a mobile termination rate cut; however, revenues net of interconnection charges actually rose 3.7%. On the fixed platform, service revenues came down 4.4%.
Revenues net of interconnection +3.7% YoY
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
Under IFRS16 EBITDA came in at 58.6 billion Chilean pesos, equivalent to 27.8% | Margin EBITDA of |
of revenues. Under the prior accounting methodology, EBITDA was 1.3% lower | 28% |
than that of the prior year. |
INCOME STATEMENT - ChileMillions of ChPL
4Q19(1) | 4Q18 (2) | Var.% | Jan - Dec 19(1) | Jan - Dec 18 (2) | Var.% | |
Total Revenues* | 211,071 | 216,779 | -2.6% | 835,024 | 835,603 | -0.1% |
Total Service Revenues | 171,730 | 178,998 | -4.1% | 682,766 | 713,874 | -4.4% |
Wireless Revenues | 136,939 | 139,289 | -1.7% | 530,056 | 535,954 | -1.1% |
Service Revenues | 97,648 | 101,509 | -3.8% | 379,221 | 414,301 | -8.5% |
Equipment Revenues | 39,291 | 37,780 | 4.0% | 150,835 | 121,653 | 24.0% |
Fixed Line Revenues | 74,082 | 77,489 | -4.4% | 303,545 | 299,573 | 1.3% |
EBITDA | 58,644 | 37,311 | 190,154 | 152,810 | ||
% total revenues | 27.8% | 17.2% | 22.8% | 18.3% | ||
EBIT | 6,874 | -19,176 | -79,078 | -73,958 | ||
% | 3.3% | -8.8% | -9.5% | -8.9% |
*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.
- Under IFRS 16.(2)Under IAS 17.
Chile Operating Data
4Q19 | 4Q18 | Var.% | |
Wireless Subscribers (thousands) | 6,873 | 6,707 | 2.5% |
Postpaid | 2,246 | 2,080 | 8.0% |
Prepaid | 4,627 | 4,627 | 0.0% |
MOU | 171 | 176 | -2.4% |
ARPU (ChP)(1) | 5,690 | 5,127 | 11.0% |
Churn (%) | 6.6% | 6.8% | (0.2) |
Revenue Generating Units (RGUs) * | 1,400 | 1,424 | -1.7% |
-
Fixed Line, Broadband and Television.
(1)Under IFRS 15.
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 17
Ecuador
We generated total revenue of 334 million dollars, up 1.2% year-on-year, with | Fixed-line service |
fixed-line service revenues rising 7.8% driven by broadband revenue growth of | revenues up 7.8% |
16.3%. Mobile service revenues were down 2.1% dragged down by prepaid service | YoY |
revenues, off 4.4%, on account of strong competition and promotions for data | |
usage. | |
Under IFRS16 fourth quarter EBITDA came in at 146 million dollars. Organically, | EBITDA +1.7% YoY |
it was up 1.7%. |
INCOME STATEMENT - EcuadorMillions of Dollars
4Q19(1) | 4Q18 (2) | Var.% | Jan - Dec 19(1) | Jan - Dec 18 (2) | Var.% | |
Total Revenues* | 334 | 330 | 1.2% | 1,321 | 1,309 | 0.9% |
Total Service Revenues | 272 | 275 | -1.3% | 1,098 | 1,104 | -0.5% |
Wireless Revenues | 305 | 308 | -0.9% | 1,222 | 1,222 | 0.0% |
Service Revenues | 249 | 254 | -2.1% | 1,010 | 1,021 | -1.1% |
Equipment Revenues | 56 | 53 | 4.8% | 212 | 200 | 6.0% |
Fixed Line Revenues | 23 | 22 | 7.2% | 92 | 87 | 6.2% |
EBITDA | 146 | 135 | 573 | 516 | ||
% total revenues | 43.8% | 41.1% | 43.4% | 39.4% | ||
EBIT | 90 | 85 | 347 | 310 | ||
% | 27.1% | 25.6% | 26.2% | 23.7% |
*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.
- Under IFRS 16.(2)Under IAS 17.
Ecuador Operating Data
4Q19 | 4Q18 | Var.% | |
Wireless Subscribers (thousands) | 8,493 | 8,246 | 3.0% |
Postpaid | 2,675 | 2,622 | 2.0% |
Prepaid | 5,818 | 5,624 | 3.4% |
MOU | 433 | 437 | -1.0% |
ARPU (US$) (1) | 10 | 10 | -5.0% |
Churn (%) | 4.2% | 4.3% | (0.2) |
Revenue Generating Units (RGUs) * | 446 | 384 | 15.9% |
-
Fixed Line, Broadband and Television.
(1)Under IFRS 15.
CONTENT
Highlights
page 18
Peru
Relevant events
Subscribers
América Móvil Consolidated
Fourth quarter revenues of 1.4 billion soles were up 4.1% with equipment revenues shooting up 34.1%, and service revenues declining 4.0%. Mobile service revenues were down 6.1%, but adjusting for the reduction in termination rates and other one-off items, the decline would have been 2.2%. Fixed service revenues, 23% of the total, were up 4.0% on the back of broadband revenues that rose 18.3% compensating for the contraction of voice revenues.
Fixed service revenues +18% YoY
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
EBITDA under IFRS16 reached 409 million soles. Under comparable accounting | EBITDA +22% YoY |
standards, EBITDA rose 22.0%. | |
We had positive trends in mobile number portability throughout 2019 as we man- | Positive number |
aged to improve overall customer experience while keeping a competitive offer. | portability |
INCOME STATEMENT - PeruMillions of Soles
4Q19(1) | 4Q18 (2) | Var.% | Jan - Dec 19(1) | Jan - Dec 18 (2) | Var.% | |
Total Revenues* | 1,367 | 1,314 | 4.1% | 5,200 | 5,202 | 0.0% |
Total Service Revenues | 949 | 989 | -4.0% | 3,737 | 3,985 | -6.2% |
Wireless Revenues | 1,139 | 1,083 | 5.2% | 4,316 | 4,321 | -0.1% |
Service Revenues | 730 | 778 | -6.1% | 2,891 | 3,148 | -8.1% |
Equipment Revenues | 408 | 305 | 34.1% | 1,425 | 1,173 | 21.4% |
Fixed Line Revenues | 219 | 210 | 4.0% | 846 | 839 | 0.8% |
EBITDA | 409 | 312 | 1,510 | 1,209 | ||
% total revenues | 29.9% | 23.8% | 29.0% | 23.2% | ||
EBIT | 134 | 86 | 488 | 433 | ||
% | 9.8% | 6.5% | 9.4% | 8.3% |
*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.
- Under IFRS 16.(2)Under IAS 17.
Peru Operating Data
4Q19 | 4Q18 | Var.% | |
Wireless Subscribers (thousands) | 11,611 | 12,098 | -4.0% |
Postpaid | 4,149 | 4,093 | 1.4% |
Prepaid | 7,462 | 8,005 | -6.8% |
MOU | 287 | 249 | 15.0% |
ARPU (Sol) (1) | 21 | 21 | 0.3% |
Churn (%) | 5.0% | 7.3% | (2.3) |
Revenue Generating Units (RGUs) * | 1,603 | 1,472 | 8.9% |
-
Fixed Line, Broadband and Television.
(1)Under IFRS 15.
CONTENT
Highlights
page 19
Central America
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Revenues of 610 million dollars were down 1.0% on a pro-forma basis with service revenues expanding 1.7%. Mobile service revenues showed good recovery in the last quarter growing 3.7%, up from 0.7% the prior one, whereas fixed-line service revenues dropped 1.8%, when they had been down 4.0% the prior quarter.
In local currency terms, service revenues expanded in all markets other than Nic- aragua. They were up 6.9% and 5.8% in Costa Rica and Honduras, respectively, and more than 4% in each Panama and El Salvador. In Guatemala they rose 1.8% pro-forma, with mobile service revenues rising 6% and fixed service revenues declining 5.4%.
Improvement of mobile service revenues
Service revenues expanded in most markets
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
EBITDA under IFRS16 totaled 218 million dollars. Organically, under a compa- EBITDA +18% YoYrable basis, EBITDA rose 17.8% and the margin expanded 4.9 percentage points.
Except for Nicaragua and Panama, our operations in Central America exhibited EBITDA expansion in local currency terms.
INCOME STATEMENT -Central America Pro forma Millions of Dollars
4Q19(1) | 4Q18 (2) | Var.% | Jan - Dec 19(1) | Jan - Dec 18 (2) | Var.% | |
Total Revenues* | 610 | 616 | -1.0% | 2,435 | 2,532 | -3.8% |
Total Service Revenues | 525 | 516 | 1.7% | 2,098 | 2,123 | -1.2% |
Wireless Revenues | 415 | 415 | -0.1% | 1,655 | 1,712 | -3.4% |
Service Revenues | 344 | 332 | 3.7% | 1,368 | 1,374 | -0.5% |
Equipment Revenues | 71 | 83 | -15.0% | 287 | 338 | -15.0% |
Fixed Line Revenues | 189 | 192 | -1.6% | 760 | 783 | -3.0% |
EBITDA | 218 | 161 | 907 | 769 | ||
% total revenues | 35.8% | 26.1% | 37.3% | 30.4% | ||
EBIT | 98 | 38 | 333 | 260 | ||
% | 16.1% | 6.2% | 13.7% | 10.3% |
*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.
- Under IFRS 16.(2)Under IAS 17.
Central America Operating Data
4Q19 | 4Q18 | Var.% | |
Wireless Subscribers (thousands) | 15,488 | 14,364 | 7.8% |
Postpaid | 2,529 | 2,364 | 7.0% |
Prepaid | 12,959 | 12,000 | 8.0% |
MOU(1) | 168 | 157 | 7.1% |
ARPU (US$) (2) | 8 | 7 | 13.2% |
Churn (%) | 6.6% | 9.1% | (2.5) |
Revenue Generating Units (RGUs) * | 7,095 | 6,465 | 9.7% |
* Fixed Line, Broadband and Television.
- We modified the methodology for calculating MOUs. We no longer include M2M subscribers.(2)Under IFRS 15.
CONTENT
Highlights
page 20
Caribbean
Relevant events
Subscribers
América Móvil Consolidated
In the Dominican Republic revenues increased 6.1%, with service revenues rising 5.6%. Mobile service revenue growth continued to accelerate, rising to 8.9% in the fourth quarter from 8.4% in the third one and 6.9% in the second one. Prepaid revenues kept on expanding at a double-digit pace, 14.4%, for the fifth quarter in a row. EBITDA was up 6.7% under comparable standards, with a margin that climbed 30 basis points to 45.5%.
In the Dominican
Republic, EBITDA
+6.7% YoY
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
In Puerto Rico fourth quarter revenues declined 1.0% adjusting for extraor- | In Puerto Rico, |
dinary revenues booked in year-earlier quarter, with service revenues falling | service revenues |
3.8%. Under IFRS16 EBITDA came in at 24 million dollars and the margin at | down 3.8% |
11.5% of revenues. |
INCOME STATEMENT - CaribbeanMillions of Dollars
4Q19(1) | 4Q18 (2) | Var.% | Jan - Dec 19(1) | Jan - Dec 18 (2) | Var.% | |
Total Revenues* | 453 | 473 | -4.3% | 1,795 | 1,893 | -5.2% |
Total Service Revenues | 389 | 415 | -6.3% | 1,581 | 1,627 | -2.8% |
Wireless Revenues | 279 | 257 | 8.3% | 1,069 | 1,032 | 3.6% |
Service Revenues | 215 | 213 | 0.7% | 855 | 834 | 2.5% |
Equipment Revenues | 64 | 44 | 45.3% | 214 | 198 | 8.2% |
Fixed Line Revenues | 177 | 205 | -13.6% | 737 | 805 | -8.5% |
EBITDA | 138 | 146 | 579 | 564 | ||
% total revenues | 30.5% | 30.9% | 32.2% | 29.8% | ||
EBIT | 55 | 85 | 252 | 306 | ||
% | 12.1% | 18.0% | 14.1% | 16.2% |
*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.
- Under IFRS 16.(2)Under IAS 17.
Caribbean Operating Data
4Q19 | 4Q18 | Var.% | |
Wireless Subscribers (thousands) | 6,244 | 5,887 | 6.1% |
Postpaid | 2,028 | 1,935 | 4.8% |
Prepaid | 4,216 | 3,952 | 6.7% |
MOU(1) | 203 | 255 | -20.4% |
ARPU (US$)(2) | 12 | 12 | -5.1% |
Churn (%) | 3.5% | 3.5% | 0.0 |
Revenue Generating Units (RGUs) * | 2,528 | 2,546 | -0.7% |
* Fixed Line, Broadband and Television.
- We modified the methodology for calculating MOUs. We no longer include M2M subscribers.2)Under IFRS 15.
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 21
United States
Fourth quarter revenues rose 3.5% year-on-year to 2.1 billion dollars, with service | ARPU +4.6% YoY | |||||
revenues increasing 1.4%. Our ARPU was up 4.6% to 27 dollars, as the mix of cli- | ||||||
ents continued to shift in favor of our higher-spend brands: StraightTalk and Total | ||||||
Wireless. | ||||||
Our EBITDA climbed 16.3% from the year-earlierquarter-up from 9.5% in the | EBITDA +16% YoY | |||||
third quarter and 8.2% in the second one-to 186 million dollars, with the EBITDA | ||||||
margin rising one percentage point to 9.0%, as airtime costs continued to fall in | ||||||
line with retail prices. | ||||||
INCOME STATEMENT - United StatesMillions of Dollars | ||||||
4Q19 | 4Q18 | Var.% | Jan - Dec 19 | Jan - Dec 18 | Var.% | |
Total Revenues | 2,071 | 2,000 | 3.5% | 8,091 | 7,967 | 1.6% |
Service Revenues | 1,718 | 1,694 | 1.4% | 6,821 | 6,747 | 1.1% |
Equipment Revenues | 352 | 306 | 15.3% | 1,269 | 1,219 | 4.1% |
EBITDA | 186 | 160 | 16.3% | 646 | 622 | 4.0% |
% total revenues | 9.0% | 8.0% | 8.0% | 7.8% | ||
EBIT | 169 | 140 | 20.7% | 574 | 541 | 6.0% |
% | 8.2% | 7.0% | 7.1% | 6.8% |
United States Operating Data
4Q19 | 4Q18 | Var.% | |
Wireless Subscribers (thousands) | 20,876 | 21,688 | -3.7% |
Straight Talk | 9,382 | 9,176 | 2.2% |
SafeLink | 2,173 | 2,871 | -24.3% |
Other Brands | 9,321 | 9,641 | -3.3% |
MOU | 594 | 555 | 7.0% |
ARPU (US$) | 27 | 26 | 4.6% |
Churn (%) | 4.2% | 4.0% | 0.2 |
CONTENT
page 22
Highlights
Relevant events
Subscribers
Telekom Austria Group
In the fourth quarter our European operations posted service-revenue and EBIT- DA growth in all the markets. Service revenues increased 3.6% with mobile service revenues expanding 5.7% and fixed service revenues rising 1.1% driven by our solutions and connectivity business, mostly in Austria and Bulgaria.
Service revenues +3.6% YoY
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
In Austria, service revenues were slightly off from the year-earlier quarter, -0.3%, with mobile service revenues rising slightly, 0.6% and fixed service revenues declining 0.9%.
In our Eastern European operations we saw strong service revenue growth, 8.8% with mobile service revenues jumping 9.1%, followed closely by fixed service rev- enue, up 7.8%.
The group's EBITDA-excluding restructuring charges-was up 8.2% over the year driven by higher service revenue growth and focus on cost controls in all markets. In Austria, EBITDA ex-restructuring charges was roughly flat from the year before whereas in our Eastern European operations we saw all markets posting positive EBITDA contributions-especially Belarus, Serbia and Croatia-with EBITDA rising 18.2%.
Austria's mobile service revenues +0.6% YoY
Eastern Europe service revenues +8.8% YoY
Ex. restructuring charges, Group's EBITDA +8.2% YoY
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
On January 27th, we officially launched our first 5G network in Austria. We de- | Launche our first |
veloped a top of the line 5G platform with the broadest coverage in the country | 5G network in |
by a wide margin. Our "5Giga" premium tariff portfolio for mobile and Internet@ | Austria |
Home segments features unlimited data usage, network priority to guarantee | |
bandwidth and speeds, premium customer care and the latest devices. |
INCOME STATEMENT (In accordance with IFRS 16) - A1Telekom Austria Group
Millions of Euros
4Q19 | 4Q18 | Var.% | Jan - Dec 19 | Jan - Dec 18 | Var.% | |
Total Revenues | 1,200 | 1,153 | 4.1% | 4,565 | 4,435 | 2.9% |
Total service revenues | 963 | 929 | 3.6% | 3,805 | 3,681 | 3.4% |
Wireless service revenues | 520 | 492 | 5.7% | 2,075 | 2,004 | 3.6% |
Fixed-line service revenues | 442 | 438 | 1.1% | 1,730 | 1,677 | 3.2% |
Equipment revenues | 213 | 202 | 5.3% | 664 | 662 | 0.2% |
Other operating income | 25 | 21 | 15.4% | 96 | 92 | 4.2% |
EBITDA | 355 | 334 | 6.4% | 1,561 | 1,549 | 0.8% |
% total revenues | 29.6% | 29.0% | 34.2% | 34.9% | ||
Adjusted EBITDA(1) | 377 | 348 | 8.2% | 1,645 | 1,571 | 4.7% |
% total revenues | 31.4% | 30.2% | 36.0% | 35.4% | ||
EBIT | 118 | 95 | 23.9% | 615 | 446 | 37.9% |
% total revenues | 9.8% | 8.3% | 13.5% | 10.1% |
For further detail please visit www.a1.group/en/investor-relations
(1) Does not include restructuring charges in Austria.
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 23
A1 Telekom Austria Group Operating Data
4Q19 | 4Q18 | Var.% | |
Wireless Subscribers (thousands) | 21,296 | 21,029 | 1.3% |
Postpaid | 16,963 | 16,245 | 4.4% |
Prepaid | 4,334 | 4,784 | -9.4% |
MOU(1) | 370 | 357 | 3.6% |
ARPU (Euros) | 8 | 8 | 4.1% |
Churn (%) | 2.0% | 2.0% | 0.0 |
Revenue Generating Units (RGUs) * | 6,143 | 6,203 | -1.0% |
*Fixed Line, Broadband and Television. (1)We modified the methodology for calculating MOUs. We no longer include M2M subscribers.
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 24
Exchange Rates Local Currency Units per MxP
4Q19 | 4Q18 | Var.% | Jan-Dec 19 | Jan-Dec 18 | Var.% | |
Euro | ||||||
End of Period | 0.0473 | 0.0443 | 6.8% | 0.0473 | 0.0443 | 6.8% |
Average | 0.0468 | 0.0442 | 5.9% | 0.0464 | 0.0440 | 5.4% |
U.S. | ||||||
End of Period | 0.0531 | 0.0508 | 4.4% | 0.0531 | 0.0508 | 4.4% |
Average | 0.0518 | 0.0504 | 2.8% | 0.0519 | 0.0520 | -0.1% |
Brazilean Real | ||||||
End of Period | 0.2139 | 0.1969 | 8.6% | 0.2139 | 0.1969 | 8.6% |
Average | 0.2133 | 0.1919 | 11.2% | 0.2047 | 0.1898 | 7.8% |
Argentinean Peso | ||||||
End of Period | 3.1780 | 1.9154 | 65.9% | 3.1780 | 1.9154 | 65.9% |
Average | 3.0777 | 1.8698 | 64.6% | 2.5015 | 1.4591 | 71.4% |
Chilean Peso | ||||||
End of Period | 39.7311 | 35.2982 | 12.6% | 39.7311 | 35.2982 | 12.6% |
Average | 39.1008 | 34.2996 | 14.0% | 36.4754 | 33.3396 | 9.4% |
Colombian Peso | ||||||
End of Period | 173.8979 | 165.1052 | 5.3% | 173.8979 | 165.1052 | 5.3% |
Average | 176.6557 | 159.6187 | 10.7% | 170.3195 | 153.5992 | 10.9% |
Guatemalan Quetzal | ||||||
End of Period | 0.4085 | 0.3931 | 3.9% | 0.4085 | 0.3931 | 3.9% |
Average | 0.4001 | 0.3892 | 2.8% | 0.3996 | 0.3908 | 2.3% |
Peruvian Sol | ||||||
End of Period | 0.1760 | 0.1712 | 2.8% | 0.1760 | 0.1712 | 2.8% |
Average | 0.1743 | 0.1694 | 2.9% | 0.1733 | 0.1709 | 1.4% |
Dominican Republic Peso | ||||||
End of Period | 2.8235 | 2.5657 | 10.1% | 2.8235 | 2.5657 | 10.1% |
Average | 2.7428 | 2.5402 | 8.0% | 2.6765 | 2.5799 | 3.7% |
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 25
Exchange Rates Local Currency Units per USD
4Q19 | 4Q18 | Var.% | Jan-Dec 19 | Jan-Dec 18 | Var.% | |
Euro | ||||||
End of Period | 0.8918 | 0.8725 | 2.2% | 0.8918 | 0.8725 | 2.2% |
Average | 0.9031 | 0.8766 | 3.0% | 0.8933 | 0.8466 | 5.5% |
Mexican Peso | ||||||
End of Period | 18.8452 | 19.6829 | -4.3% | 18.8452 | 19.6829 | -4.3% |
Average | 19.2926 | 19.8302 | -2.7% | 19.2641 | 19.2397 | 0.1% |
Brazilean Real | ||||||
End of Period | 4.0307 | 3.8748 | 4.0% | 4.0307 | 3.8748 | 4.0% |
Average | 4.1148 | 3.8049 | 8.1% | 3.9438 | 3.6525 | 8.0% |
Argentinean Peso | ||||||
End of Period | 59.8900 | 37.7000 | 58.9% | 59.8900 | 37.7000 | 58.9% |
Average | 59.3759 | 37.0782 | 60.1% | 48.1899 | 28.0735 | 71.7% |
Chilean Peso | ||||||
End of Period | 748.7400 | 694.7700 | 7.8% | 748.7400 | 694.7700 | 7.8% |
Average | 754.3568 | 680.1687 | 10.9% | 702.6654 | 641.4428 | 9.5% |
Colombian Peso | ||||||
End of Period | 3,277.1400 | 3,249.7500 | 0.8% | 3,277.1400 | 3,249.7500 | 0.8% |
Average | 3,408.1473 | 3,165.2714 | 7.7% | 3,281.0504 | 2,955.1968 | 11.0% |
Guatemalan Quetzal | ||||||
End of Period | 7.6988 | 7.7370 | -0.5% | 7.6988 | 7.7370 | -0.5% |
Average | 7.7186 | 7.7183 | 0.0% | 7.6986 | 7.5182 | 2.4% |
Peruvian Sol | ||||||
End of Period | 3.3170 | 3.3700 | -1.6% | 3.3170 | 3.3700 | -1.6% |
Average | 3.3628 | 3.3586 | 0.1% | 3.3382 | 3.2875 | 1.5% |
Dominican Republic Peso | ||||||
End of Period | 53.2100 | 50.5000 | 5.4% | 53.2100 | 50.5000 | 5.4% |
Average | 52.9148 | 50.3726 | 5.0% | 51.5599 | 49.6372 | 3.9% |
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 26
Appendix 1: Income Statement Reconciliation from IAS 17 to IFRS 16
América Móvil's Income Statement
Millions of Mexican pesos | Jan - Dec 19 | Changes brought | Jan - Dec 19 | Var. % |
IAS 17 about by IFRS 16 | IFRS 16 | |||
Total Costs and Expenses | 722,512 | (28,920) | 693,592 | -2.7% |
EBITDA | 284,836 | 28,920 | 313,756 | -3.5% |
Depreciation & Amortization | 135,322 | 23,594 | 158,915 | -13.1% |
EBIT | 149,514 | 5,326 | 154,841 | 7.1% |
Net Interest Expense | 23,687 | 7,940 | 31,627 | 12.1% |
Other Financial Expenses | 7,075 | 7,075 | -30.5% | |
Foreign Exchange Loss | (5,226) | (5,226) | -172.0% | |
Comprehensive Financing Cost (Income) | 25,536 | 7,940 | 33,476 | -33.8% |
Income & Deferred Taxes | 51,878 | (844) | 51,034 | 11.6% |
Net Income before Minority | ||||
Interest and Equity Participation in Results | 72,100 | (1,769) | 70,331 | 32.3% |
of Affiliates | ||||
Equity Participation in Results of Affiliates | (18) | (18) | n.m. | |
Minority Interest | (2,583) | (2,583) | 32.4% | |
Net Income | 69,500 | (1,769) | 67,731 | 32.2% |
n.m Not meaningful. |
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 27
Appendix 2: Balance Sheet Reconciliation from IAS 17 to IFRS 16
Balance Sheet - América Móvil Consolidated
Changes | Changes | ||||||
Millions of Mexican | Dec '19 | brought | Dec '19 | Dec '19 | brought | Dec '19 | |
Pesos | IAS 17 | about by | IFRS 16 | IAS 17 | about by | IFRS 16 | |
IFRS 16 | IFRS 16 | ||||||
Current Assets | 330,844 | 330,844 | Current Liabilities | ||||
Short Term Debt* | 129,172 | 129,172 | |||||
Lease-Related Debt | 25,895 | 25,895 | |||||
Other Current | 370,303 | 30 | 370,333 | ||||
Liabilities | |||||||
499,475 | 25,924 | 525,400 | |||||
Non Current Assets | 1,083,086 | 118,003 | 1,201,089 | Non Current Liabilities | |||
Long Term Debt | 495,082 | 495,082 | |||||
Lease-Related Debt | 94,702 | 94,702 | |||||
Other Liabilities | 190,621 | -779 | 189,843 | ||||
685,704 | 93,923 | 779,627 | |||||
Shareholder's Equity | 228,752 | -1,845 | 226,907 | ||||
Total Assets | 1,413,930 | 118,003 | 1,531,934 | Total Liabilities | 1,413,930 | 118,003 | 1,531,934 |
and Equity | |||||||
CONTENT | page 28 | |||||||
Highlights | Appendix 3: EBITDA under IAS 17 | |||||||
Relevant events | ||||||||
EBITDA (IAS 17)Millions in Local Currency | ||||||||
4Q19 | 4Q18 | Var.% | Jan-Dec 19 | Jan-Dec 18 | Var.% | |||
Subscribers | ||||||||
Mexico | ||||||||
EBITDA | 27,704 | 24,582 | 12.7% | 100,258 | 94,001 | 6.7% | ||
América Móvil | % of Total Revenues | 33.9% | 32.0% | 34.0% | 33.0% | |||
Consolidated | ||||||||
Argentina(1) | ||||||||
EBITDA | 9,727 | 9,947 | -2.2% | 40,229 | 41,969 | -4.1% | ||
Mexico | % of Total Revenues | 39.3% | 38.2% | 39.9% | 38.6% | |||
Brazil | ||||||||
Argentina | EBITDA | 3,094 | 3,085 | 0.3% | 12,057 | 12,096 | -0.3% | |
% of Total Revenues | 33.3% | 34.2% | 33.2% | 33.9% | ||||
Brazil | Adjusted EBITDA(2) | 3,094 | 2,956 | 4.7% | 12,057 | 11,450 | 5.3% | |
% Total Revenues | 33.3% | 32.8% | 33.2% | 32.1% | ||||
Chile | ||||||||
Colombia | EBITDA | 36,834 | 37,311 | -1.3% | 137,391 | 152,810 | -10.1% | |
% of Total Revenues | 17.5% | 17.2% | 16.5% | 18.3% | ||||
Chile | Colombia | |||||||
EBITDA | 1,386 | 1,211 | 14.5% | 5,253 | 4,747 | 10.7% | ||
Ecuador | % of Total Revenues | 41.3% | 40.4% | 41.5% | 41.0% | |||
Ecuador | ||||||||
EBITDA | 138 | 135 | 1.7% | 540 | 516 | 4.6% | ||
Peru | % of Total Revenues | 41.2% | 41.1% | 40.9% | 39.4% | |||
Perú | ||||||||
Central America | EBITDA | 381 | 312 | 22.0% | 1,364 | 1,209 | 12.8% | |
% of Total Revenues | 27.9% | 23.8% | 26.2% | 23.2% | ||||
Caribbean | Central America | |||||||
EBITDA Pro Forma | 189 | 161 | 17.8% | 774 | 769 | 0.7% | ||
USA | % of Total Revenues | 31.0% | 26.1% | 31.8% | 30.4% | |||
Caribbean | ||||||||
EBITDA | 124 | 146 | -15.4% | 526 | 564 | -6.7% | ||
Austria & CEE | % of Total Revenues | 27.3% | 30.9% | 29.3% | 29.8% | |||
(1)EBITDA in millions of constant ARP of December 2019. | ||||||||
Currency | (2)Adjusted EBITDA does not include the effects of one-off items. | |||||||
Exchange Rates | ||||||||
Appendix | ||||||||
Glossary | ||||||||
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 29
Glossary of Terms
ARPU | Average Revenue per User. The ratio of service revenues in a given period to |
the average number of wireless subscribers in the same period. It is present- | |
ed on a monthly basis. | |
ARPM | Average Revenue per Minute. The ratio of service revenues to airtime traffic. |
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. |
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 communica- |
tion of high-speed data for mobile phones and data terminals. | |
Market | |
share | A company's subscriber 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 pre- | |
sented on a monthly basis. | |
MOU | Minutes of Use per subscriber. The ratio of wireless traffic in a given period |
to the average number of wireless subscribers in that same period. It is pre- | |
sented 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. |
CONTENT
Highlights
Relevant events
Subscribers
América Móvil Consolidated
Mexico
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency Exchange Rates
Appendix
Glossary
page 30
Net debtTotal short and long term debt minus cash and marketable securities.
Net debt
- EBITDAThe ratio of total short and long term debt minus cash and securities to trail- ing 12-month income before interest, taxes, depreciation and amortization.
PrepaidSubscriber that may purchase airtime to recharge a cellular phone. The client does not hold a contract with the company for voice and data services.
PostpaidSubscriber that has a contract for the use of airtime. The client has no need of activating airtime, it is done so immediately.
SMS | Short Message Service. |
SACSubscriber 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 revenues.
Wireless
penetrationThe ratio of total wireless subscribers in any given country divided by the total population in that country.
For further information please visit our website at: www.americamovil.com
América Móvil, S.A.B. de C.V. (the "Company") quarterly reports and all other written materials may from time to time contain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements, and may contain words like "believe", "anticipate", "expect", "envisages", "will likely result", or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this report. In no event, neither the Company nor any of its subsidiaries, affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this document or for any consequential, special or similar damages.
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América Móvil SAB de CV published this content on 12 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 February 2020 13:48:06 UTC