Investor presentation
|
|
- Loraine Cain
- 6 years ago
- Views:
Transcription
1 Investor presentation Millicom International Cellular S.A. April, 2018
2 Disclaimer This presentation may contain certain forward-looking statements with respect to Millicom s expectations and plans, strategy, management s objectives, future performance, costs, revenue, earnings and other trend information. It is important to note that Millicom s actual results in the future could differ materially from those anticipated in the forward-looking statements depending on various important factors. All forward-looking statements in this presentation are based on information available to Millicom on the date hereof. All written or oral forward-looking statements attributable to Millicom International Cellular S.A., any Millicom International Cellular S.A. employees or representatives acting on Millicom s behalf are expressly qualified in their entirety by the factors referred to above. Millicom does not intend to update these forward-looking statements. 2
3 Contents 1 Our journey... Big picture 2 Capital allocation and ROIC 3 Latin America service revenue and EBITDA 4 Currency exposure myths and reality 5 Latin America service revenue by business unit 6 Market structure by country 7 Spectrum and licenses 8 Latam snapshot - Macro 9 Latam snapshot - Micro 10 Latest results summary 3
4 1 Our journey big picture We have been transforming the company in many ways FROM Mobile-only Voice + SMS Prepaid Legacy network Analog Legacy IT STRATEGY NETWORK TO Cable + convergence High-speed data (4G) Subscription-driven Compliance leader Purpose driven State-of-the-Art (4G, HFC) Digital OTT like Product & Sales Driven CUSTOMER Customer Centric No Geographic Focus CAPITAL ALLOCATION High-speed data networks IT transformation Latam-only Deteriorating margins Dividend at risk Negative efcf RETURNS Improving margins Dividend covered Positive efcf 4
5 2 Capital allocation and ROIC Re-deploying capital to Latam allows us to accelerate network build and improve returns Total Capex Reported Capex (excl. Spectrum, licences and finance lease capitalization), $m, FY 15 FY17 OCF (EBITDA Capex) Reported Group EBITDA less capex, $m, FY 15 FY17 Return on Capital* Group return on invested capital, %, FY 15 FY 17 1,273 Africa +650 bps +450 bps 1, Latam Mobile Total Latam +4.6% 905 1,141 1, % 13.1% 16.2% Latam Fixed % of Revenue 18.9% 16.5% 16.5% % of 18.3% 19.9% Revenue 13.4% ROIC : NOPAT/Invested Capital 5
6 3 Latin America service revenue and EBITDA Contribution by country FY 2017 Service revenue EBITDA PY 12% ELS 8% PY 15% ELS 7% Full consolidation CO 32% GT 23% CO 22% GT 31% BO 11% HN 11% CR 3% BO 10% CR 3% HN 12% PY 17% ELS 11% PY 21% ELS 10% Proportionate Contribution CO 23% BO 15% CR 5% HN 11% GT 18% CO 15% BO 14% CR 4% HN 12% GT 24% ELS: El Salvador GT: Guatemala HN: Honduras CR: Costa Rica BO: Bolivia CO: Colombia PY: Paraguay
7 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 4 Currency exposure myths and reality Only 15% of our proportional EBITDA is from high volatility FX country 10-year FX trends Bloomberg Weekly FX rates vs USD, Proportionate Latam EBITDA Latam EBITDA by country, adjusted for proportional Millicom ownership, and ranked by currency volatility, % BRL, 182 MXN, 171 CRC 4% COP 15% GTQ 24% COP, 153 HNL 12% 48% HNL, 125 PYG, 122 CRC, % PYG 21% ELS 10% BOB 14% GTQ, 95 BOB, 92 Low volatility Moderate volatility High volatility ELS: El Salvador (US Dollar) GTQ: Guatemalan Quetzal HNL: Honduran Lempira CRC: Costa Rican Colon BOB: Bolivian Bolivianos COP: Colombian Pesos PYG: Paraguayan Guarani 7
8 5 Latam service revenue by business unit Service revenue, FY 2017 El Salvador Contribution in FY 2017 Guatemala Honduras B2B 15% Mobile B2C Data 23% Home 8% B2B 12% Mobile B2C Data 34% Home 8% B2B 15% Mobile B2C Data 25% Home 26% Mobile B2C Voice & Other 36% Mobile B2C Voice & Other 46% Mobile B2C Voice & Other 52% Bolivia Colombia Paraguay Home 12% B2B 13% Mobile B2C Voice & Other 30% Mobile B2C Data 45% B2B 29% Home 35% Mobile B2C Data 17% Mobile B2C Voice & Other 19% Home 24% B2B 13% Mobile B2C Voice & Other 34% Mobile B2C Data 29% 8
9 6 Market structure by country Bolivia El Salvador Mobile 2 nd 1 st 3 rd NA NA BBI 1 st 4 th NA 3 rd 2 nd PayTv 1 st 3 rd NA NA 2 nd Mobile 1 st 3 rd 2 nd 4 th NA NA BBI 2 nd 1 st NA NA NA NA PayTV 1 st 2 nd NA NA 4 th 3 rd Colombia Guatemala Mobile 3 rd 1 st 2 nd 6 th 4 th 5 th NA BBI 2 nd 1 st 3 rd 4 th NA NA 5 th PayTv 2 nd 1 st 4 th 5 th NA NA 3 rd Mobile 1 st 2 nd 3 rd BBI 2 nd 1 st NA PayTv 1 st 2 nd NA Paraguay Honduras Mobile 1 st 3 rd 2 nd 4 th BBI 1 st 3 rd 2 nd PayTV 1 st 2 nd 3 rd 5 th Mobile 1 st 2 nd NA NA NA NA BBI 1 st 3 rd 2 nd 4 th NA NA Pay TV 2 nd 3 rd 1 st 4 th Sources: MIC estimates
10 7 Spectrum and licenses Spectrum auctions possible in ELS, CO, HN, and GT and in next 3 years All amounts in 2xMHz El Salvador Guatemala Honduras Tigo Claro Movistar Digicel Tigo Claro Movistar Tigo Claro Hondutel Bolivia Colombia Paraguay Tigo Entel Viva Tigo Claro Movistar Tigo Claro Personal Vox Copaco Low band 2G/3G Low band 4G High band 2G/3G High band 4G 10
11 8 Latam snapshot - Macro FY 2017 Colombia Guatemala Bolivia Honduras Paraguay El Salvador Costa Rica GDP growth (2018e)* 2.8% 3.4% 4.0% 3.6% 4.0% 2.1% 3.8% GDP per capita (2018e)* $ 14,990 $ 8,440 $ 7,870 $ 5,730 $ 10,230 $ 9,260 $ 17,930 Inflation (2018e)* 3.1% 4.0% 5.0% 4.0% 4.0% 2.0% 3.0% Population (m) Homes (m) Mobile Subscribers (000) 7,851 10,169 3,303 4,625 3,167 2,796 - Homes Connected (000) 1, Mobile 113% 108% 91% 101% 107% 156% - Penetration** Broadband 48% 31% 11% 11% 14% 25% 42% PayTv 44% 32% 20% 44% 37% 23% 61% Market Position Mobile 3 of 5 1 of 3 2 of 3 1 of 3 1 of 4 1 of 4 NA Broadband 2 of 4 2 of 3 1 of >10 3 of 3 1 of 3 2 of 3 2 of 8 Pay TV 2 of 4 2 of 3 1 of 5 2 of 5 1 of 3 1 of 2 1 of 4 Sources: * IMF DataMapper World Economic Outlook ** Dataxis : Mobile penetration as % of population and Fixed Broadband penetration as % of households and JPMorgan : PayTV as % of households
12 9 Latam snapshot - Micro FY 2017 Colombia Guatemala Bolivia Honduras Paraguay El Salvador Costa Rica Revenue $ 1,739m $ 1,328m $ 555m $ 586m $ 662m $ 422m $ 149m EBITDA $ 469m $ 665m $ 217m $ 265m $ 318m $ 155m $ 62m Financials EBITDA% 27.0% 50.1% 39.1% 45.3% 48.0% 36.6% 41.5% Gross debt $ 1,130m $ 995m $ 352m $ 388m $ 488m $ 147m $ 76m Net debt $ 937m $ 686m $ 243m $ 366m $ 360m $ 116m $ 68m Leverage 2.0x 1.0x 1.1x 1.3x 1.1x 0.8x 1.2x MIC ownership 50% 55% 100% 66.7% 100% 100% 100%
13 10 Latest results summary 13
14 2018 Q1 results Kicking off 2018 with accelerating momentum Mauricio Ramos, CEO Tim Pennington, CFO April 25 th, 2018 Millicom International Cellular S.A.
15 Disclaimer This presentation may contain certain forward-looking statements with respect to Millicom s expectations and plans, strategy, management s objectives, future performance, costs, revenue, earnings and other trend information. It is important to note that Millicom s actual results in the future could differ materially from those anticipated in the forward-looking statements depending on various important factors. All forward-looking statements in this presentation are based on information available to Millicom on the date hereof. All written or oral forward-looking statements attributable to Millicom International Cellular S.A., any Millicom International Cellular S.A. employees or representatives acting on Millicom s behalf are expressly qualified in their entirety by the factors referred to above. Millicom does not intend to update these forward-looking statements. This information was prior to this release inside information and is information that Millicom is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at 22:00 CET on April 24 th
16 1. CEO review Mauricio Ramos
17 Highlights Kicking off 2018 with accelerating momentum Latam service revenue growth accelerated to 3.9% in Q1 Strategic revenue grew 12% and now accounts for 69% of service revenue Mobile data grew 18%, fueled by 643k 4G net additions (a Q1 record) Home grew 8%, fueled by record 91k HFC homes connected added in Q1 5 Mobile now growing, driving growth in every Latam country 6 Well underway in next step of transformation journey: digitalization 17
18 1 Revenue growth accelerated to 3.9% in Q1 Fastest growth rate in more than two years %YoY growth, Q1 16 Q1 18 Latam service revenue growth 3.9% 2.9% 3.1% 2.3% 0.9% -0.5% -1.3% -2.0% -2.3% Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q
19 2 Strategic businesses driving growth c.70% of our revenue is strategic and growing double-digits Strategic revenue grew 12% Contribution to Latam revenue growth year-on-year, Q to c.70% of service revenue Latam strategic revenue as % of service revenue Q1 15 Q1 18 Strategic revenue lines 3.9% 69% Mobile data Home B2B Mobile legacy Q % Growth Weight 18% 8% 9% 27% 23% 19% -12% 31% Q Q
20 2 three strategic businesses growing steadily Strategic businesses grew 12% in aggregate in Q Mobile data Reported service revenue, $m, Q Q Home Q1 17 Q2 17 Q3 17 Q4 17 Q % 17% 17% 16% 18% B2B % Mobile Data 19% B2B 23% Home 7% 31% Legacy Q1 17 Q2 17 Q3 17 Q Legacy Q1 18 7% 9% 7% 8% Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 2% 1% 6% 6% 9% -16% -15% -12% -9% -10% Constant currency growth YoY 20
21 3 Mobile is growing again, driven by data Mobile revenue growing again as data growth more than offsets legacy voice decline B2C mobile service revenue growth Latam % growth in local currency, Q1 16- Q1 18 Mobile data Mobile data as % of Mobile B2C, Q Q % 0.9% -1.2% -0.9% -2.9% 41% 48% -3.8% 33% -5.6% -5.3% 25% -6.5% Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q1 15 Q1 16 Q1 17 Q
22 3 a direct result of our investments in 4G Record 4G net additions - on track to meet FY guidance of 3m 4G network coverage Network expansion continues Latam 4G coverage in % of population covered 4G points of presence (PoP) 4G data user net additions in Q1 18 Latam B2C Smartphone net new data users (000s) by quarter, Q1 16 Q1 18 Coverage PoP 6,958 4,664 59% 48% Q1 17 Q1 18 Q1 17 Q
23 4 Home net add intake accelerating strongly 91k new homes connected in Q on track to deliver FY guidance of 300k Latam HFC homes connected, net adds by quarter, Q1 16 Q1 18 (000s) New HFC homes connected Q1 16 Q1 17 Q Bundling ratio on net adds
24 5 Every Latam country now growing Continued momentum in all of our largest Latam markets El Salvador (11%*) Service revenue, year-on-year (%), Q1 16 Q1 18 Guatemala (18%*) Honduras (10%*) 5.4% 5.7% 0.0% -0.1% 0.0% 0.3% -1.6% -1.4% -3.7% -4.8% -6.4% -8.7% 2.1% 3.5% 2.7% -0.8% -2.5% -3.9% -4.8% -4.3% 3.4% -0.6% -0.7% -1.0% -1.6% -2.5% -0.8% Q116 Q216 Q316 Q416 Q117 Q217 Q317 Q417 Q118 Q116 Q216 Q316 Q416 Q117 Q217 Q317 Q417 Q118 Q116 Q216 Q316 Q416 Q117 Q217 Q317 Q417 Q118 Bolivia (15%*) Colombia (23%*) Paraguay (22%*) 5.5% 6.1% 9.1% 6.5% 2.3% 0.3% 2.2% 7.1% 6.5% 8.9% 7.8% 4.7% 0.6% -0.3% -0.2% 6.2% 4.5% Q116 Q % 0.5% -0.8% Q316 Q416 Q % Q217 Q317 Q417 Q118 Q116 Q % -2.9% Q316 Q416 Q % Q217 Q317 Q417 Q118 Q116 Q % Q % Q % Q117 Q217 Q317 Q417 Q118 * Contribution to Latam proportionate service revenue in Q
25 Next steps in our journey Digital transformation will help drive sustainable EBITDA growth and FCF generation Turning opportunity into Free Cash Flow and shareholder value Opportunity Network Users Revenue EBITDA Cash Flow Leveraging our market leadership to meet pent-up demand for fixed and mobile data Building high speed data networks 15 million homes to pass Driving adoption and stimulating usage Homes Connected (m) Subscriptionbased and data-centric Digital transformation to help drive operating leverage Superior FCF growth Fixed broadband penetration* Honduras 11.0% +1m homes build per year Q1 15 Q1 16 Q1 17 Q1 18 Latam service revenue YoY EBITDA Margin 36.4% Equity FCF ($m) Bolivia 11.0% Paraguay 14.0% El Salvador 23.0% Guatemala 31.0% ~60% of population covered with 4G 4G Customers (m) % 33.7% 34.8% Costa Rica 42.0% Colombia 48.0% * Source: Dataxis Q1 15 Q1 16 Q1 17 Q
26 6 Digitalization is changing how we do business Digitalization drives customer engagement Prepaid - engagement driving transaction growth Postpaid engagement with 16% of subs 4x per month Unique Monthly Active Users Transactions (millions) (Percent of Core Prepaid Customers) 39% % 22% 44.8 Unique Monthly Active Users (Percent of Postpaid Subs) 16% 15% 10% Unique Monthly Active Users (Growth) 34% 67% 12.3 Q1 16 Q1 17 Q1 18 Q1 16 Q1 17 Q1 18 Dec-15 Dec-16 Dec-17 Q1 16 Q1 17 Q
27 2. CFO review Tim Pennington
28 1 Macro update Our markets continue to grow 2-4% with more stable FX Real GDP growth %, FY18e GDP growth projections 2018 Daily closing rate Jan 17 Apr 18 COP appreciation in early ,100 El Salvador 2.1% Guatemala 3.4% Honduras 3.6% Costa Rica 3.8% 3,000 2,900 2,800 COP USD FX 30d moving average 2,700 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr Colombia inflation still declining Inflation annualized %, Jan 17 Apr 18 Bolivia 4.0% Colombia 2.8% 5.5% 5.2% 4.7% 4.7% 4.4% 4.0% 3.4% 3.9% 4.0% 4.1% 4.1% 4.1% 3.7% 3.4% 3.1% Paraguay 4.0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar IMF DataMapper: Source: Bloomberg 28
29 2 Key financial metrics Q Service Revenue a Group service revenue up 3.6% EBITDA a and Margins $m, Q1 17 Q1 18 $m and %, Q1 17 Q1 18 $m, Q1 17 Q1 18 Capex b 3.6% 1.5% +$9m 1,373 1, Q1 17 Q1 18 Q1 17 Q1 18 Q1 17 Q % 36.5% a) Q1 17 numbers are adjusted to Q1 18 FX rates and exclude Senegal, Rwanda and Ghana b) Excluding Senegal, Rwanda and Ghana, spectrum & license costs 29
30 2 Latam Solid growth returning to Latam Latam service revenue $m, Q1 17 Q1 18 Latam OCF (Q1) $m and margin, Q1 17 Q % -3.1% Latam EBITDA $m and margin, Q1 17 Q % 1, % 26.3% 1, Q1 17 Q1 18 Q1 17 Q1 18 Q1 17 Q % 37.2% Capex / Revenue 10.0% 11.0% Notes: Growth rates are organic and exclude the impact of changes in FX rates, accounting, and new segmental presentation. Q figures have been adjusted to reflect these organic growth rates. Capex/revenue excludes spectrum & license costs 30
31 3 EBITDA Q Latam biggest contributor to EBITDA growth $ million, Q1 17 Q1 18 EBITDA evolution by region +1.5% +0.8% Ebitda Q1 17 FX and other Ebitda Q1 17 (constant currency) LatAm Africa Corporate Ebitda Q % as % of revenue 36.5% Q1 17 numbers are adjusted to Q1 18 FX rates and exclude Senegal, Rwanda and Ghana 31
32 3 EBITDA progression by country El Salvador EBITDA ($m), margin and year-on-year growth, Q1 17 Q % Guatemala +8.4% Honduras -0.8% Q1 17 Q1 18 Q1 17 Q1 18 Q1 17 Q % 35.7% 50.2% 52.1% 43.2% 42.5% Bolivia Colombia Paraguay % / +5.7% adj % % / +14% adj Q1 17 Q1 18 Q1 17 Q1 18 Q1 17 Q % 39.1%* 35.0% 30.2% 27.3% 51.3% 46.9%* 50.4% * normalized margin for one-offs EBITDA One-offs Margins 32
33 3 Cost review and margin progression Steady upward margin trend continues OPEX and growth YoY, Q1 17 Q1 18 Group total OPEX base Last 12 month Group EBITDA margin Last 12-month EBITDA margin, Q Q % bps 36.2% 35.1% 32.6% 32.9% Q1 17 Q1 18 Q1 15 Q1 16 Q1 17 Q
34 4 P&L review Q P&L Summary US$ million Q1 18 Q1 17 % Var Revenue 1,516 A 1, % EBITDA % Depreciation & amortization (317) (322) (1.8%) Other operating 0 1 (42.5%) Operating profit % Net financial expense (103) B (113) (8.9%) Others non operating % Associates (20) (14) 39.0% Profit before tax % Taxes (53) C (63) 16.6% Minority interests (38) D (32) 17.9% Discontinued operations (32) E 3 NM Net income (27.9%) A Key Observations IFRS 15 had small impact on Service Revenue (-1.3%) and EBITDA (-0.1%) Interest savings from re-financing activity, partly offset by higher financial lease expense B Lower withholding taxes due to timing of dividend payments C D E Improved profitability in Guatemala Rwanda Accumulated FX losses EPS ($ per share) (27.9%) 34
35 5 Cash flow Q We generated $45 million of equity FCF in Q1 $ million Q cash flow Ebitda including discontinued operations Cash capex (ex-spectrum and licenses) Working capital and others Cash flow from operations Taxes paid Finance charges FCF Dividend to minorities efcf 37.3% 14.0% 3.2% as % of revenue 35
36 6 Capital structure Net debt and leverage stable in Q1 Net debt evolution in 2017 $ million, 31 December March 2018 % of gross debt, 31 March 2018 Debt profile Gross debt currency exposure LC debt USD debt 41% 59% 4,071 4,100 Gross debt distribution Operations 24% Group Net debt YE 2017 Equity FCF Spectrum Lease M&A and capitalization towers FX and others Net debt Q x Net debt/ltm EBITDA 1.87x 76% Proportionate Net debt/ 2.02x 2.03x Proportionate LTM EBITDA 36
37 Recap Kicking off 2018 with accelerating momentum on track to hit full year targets Target 1 +91k HFC homes connected 10m total homes passed by year-end +300k k 4G customer net additions 10m 4G customers by year-end +3m 3 3.9% service revenue growth in Latam +2-4% 4 EBITDA growth on track +3-6% 37
38 Q&A
39 Debt profile Comfortable capital structure and liquidity with no major maturities until 2024 $ million Debt maturity profile a Average life of 5.2 years GT $800m 146 SEK $239m 221 PY $300m 25s $500m s $500m >2027 Bank and other Financings Bonds a) excluding financial leases 39
40 Gross debt by country Central America: Total debt $1,705m 25% guaranteed South America: Total debt $1,998m 4% guaranteed Africa: Total debt $279m 57% guaranteed Corporate: Total debt $1,226m 0% guaranteed Total MIC Debt: $5,208m 13% Guaranteed Honduras: $393m (51% guaranteed) Guatemala: $994m (0% guaranteed) Chad: $69m (92% guaranteed) El Salvador: $246m (92% guaranteed) Costa Rica: $72m (0% guaranteed) Colombia $1,162m (0% guaranteed) Bolivia: $352m (4% guaranteed) Paraguay: $484m (14% guaranteed) Tanzania: $114m (0% guaranteed) Zantel: $96m (100% guaranteed) Including finance leases 40
41 Net debt by country Central America: $1,231m Leverage 1.06x South America: $1,620m Leverage 1.62x Africa: $130m Leverage 0.81x Corporate $1,119m Total Net Debt: $4,100m Leverage 1.87x Honduras: $364m Leverage 1.4x Guatemala: $634m Leverage 0.9x Chad: $53m El Salvador: $167m Leverage 1.1x Costa Rica: $69m Leverage 1.2x Tanzania: $(6)m Zantel: $85m Colombia: $1,012m Leverage 2.2x Bolivia: $257m Leverage 1.2x Paraguay: $350m Leverage 1.1x Including finance leases; Leverage is Net debt / LTM EBITDA 41
42 Currency exposure of debt Dec Debt including finance leases Cash Net debt US$ Local Total Total USD Local Total Latin America* 1,724 1,979 3, ,333 1,517 2,850 47% 53% 100% 47% 53% 100% Africa % 65% 100% 70% 30% 100% Corporate 1, , , , % 0% 100% 101% -1% 100% Millicom 3,049 2,159 5,208 1,108 2,549 1,550 4,100 59% 41% 100% 62% 38% 100% *El Salvador has USD as functional currency (treated as local.) 42
43
Investor presentation
Investor presentation Millicom International Cellular S.A. October, 2018 Disclaimer This presentation may contain certain forward-looking statements with respect to Millicom s expectations and plans, strategy,
More information2018 Q1 results. Millicom International Cellular S.A. Kicking off 2018 with accelerating momentum
2018 Q1 results Kicking off 2018 with accelerating momentum Mauricio Ramos, CEO Tim Pennington, CFO April 25 th, 2018 Millicom International Cellular S.A. Disclaimer This presentation may contain certain
More informationInvestor presentation
Investor presentation Millicom International Cellular S.A. March, 2018 Disclaimer This presentation may contain certain forward-looking statements with respect to Millicom s expectations and plans, strategy,
More information2018 Q2 results. Millicom International Cellular S.A. Growth continues to accelerate. Mauricio Ramos, CEO Tim Pennington, CFO July 20 th, 2018
2018 Q2 results Growth continues to accelerate Mauricio Ramos, CEO Tim Pennington, CFO July 20 th, 2018 Millicom International Cellular S.A. Disclaimer This presentation may contain certain forward-looking
More information2015 Q4 and FY Results. Mauricio Ramos, CEO Tim Pennington, CFO 10 February 2016
2015 Q4 and FY Results Mauricio Ramos, CEO Tim Pennington, CFO 10 February 2016 Disclaimer This presentation may contain certain forward-looking statements with respect to Millicom s expectations and plans,
More information2014 FY & Q4 Results Presentation
2014 FY & Q4 Results Presentation Tim Pennington, Interim CEO and CFO Mario Zanotti, Senior EVP 3 rd February 2015 Disclaimer This presentation may contain certain forward-looking statements with respect
More informationMillicom International Cellular S.A. Financial results Q th April, Mikael Grahne François Xavier Roger
Millicom International Cellular S.A. Financial results Q1 10 20 th April, 2010 Mikael Grahne François Xavier Roger : : Disclaimer This presentation may contain certain forward-looking statements with respect
More informationMillicom International Cellular S.A. Q Investor Presentation
Millicom International Cellular S.A Q3 2009 Investor Presentation : : Overview Millicom: is a leading operator of mobile telephony services in emerging markets with 31m customers operates in 13 countries
More informationLuxembourg, April 24 th, 2018 Kicking off 2018 with accelerating momentum
Luxembourg, April 24 th, 2018 Kicking off 2018 with accelerating momentum Q1 2018 highlights i Latam organic service revenue growth improved to 3.9%, up 5.2 percentage points o Broad-based improvement
More informationLuxembourg, October 23 rd, 2018 Cable expansion accelerating
Luxembourg, October 23 rd, 2018 Cable expansion accelerating Q3 2018 highlights i Solid Latam service revenue growth of 4.7% and EBITDA growth of 4.2% o Fourth consecutive quarter of positive organic mobile
More informationAcquisition of Cable Onda
Acquisition of Cable Onda Millicom International Cellular S.A. Luxembourg, October 7, 208 Disclaimer This presentation may contain certain forward-looking statements with respect to Millicom s expectations
More informationMillicom International Cellular S.A. Best quarter ever for net subscriber additions Q Highlights i
Millicom International Cellular S.A. Best quarter ever for net subscriber additions Q2 2017 Highlights i Best quarter ever for net additions of 4G mobile and HFC customers o o 1.2 million 4G mobile net
More informationLuxembourg, July 19 th, 2018 Growth accelerated in Q2
Luxembourg, July 19 th, 2018 Growth accelerated in Q2 Q2 2018 highlights i Latam service revenue growth accelerated to 5.5% from 3.9% in Q1 o Now expect growth near the top end of our full year 2018 outlook
More informationMillicom International Cellular S.A. Q Investor Presentation
Millicom International Cellular S.A Q2 2009 Investor Presentation : : Overview Millicom is: A leading operator of mobile telephony services in emerging markets with 31m customers Operating in 13 countries
More information2013 Q4 Results Presentation
20 Q4 Results Presentation Hans-Holger Albrecht, President and CEO Marc Zagar, Interim CFO, EVP Controlling & Analytics Arthur Bastings, EVP Africa Disclaimer This presentation may contain certain forward-looking
More informationMillicom International Cellular S.A.
Q1 Highlights i Millicom International Cellular S.A. Continued delivery towards our strategic goals o o o Record 370,000 new HFC homes passed 8.4 million total homes passed 4G subscriber base grew by almost
More informationFinancial review. Tim Pennington Chief Financial Officer. Overview Strategy Performance Millicom Annual Report
Overview Strategy Performance Millicom Annual Report 2015 75 Review of operations Latin America Review of operations Africa Risk management 2015 was a good year operationally, as we focused on profitable
More informationLuxembourg, February 6 th, 2018 Strong finish to 2017, accelerating into 2018
Luxembourg, February 6 th, 2018 Strong finish to 2017, accelerating into 2018 Q4 2017 and FY2017 highlights i Latam organic service revenue growth improved to 3.1%, up 73 bps QoQ o Growth led by Bolivia
More informationInvestor Presentation
Millicom International Cellular S.A. Investor Presentation Mikael Grahne François Xavier Roger Disclaimer This presentation may contain certain forward-looking statements with respect to Millicom s expectations
More informationMillicom International Cellular S.A. i
Millicom Q3 2016 Results, 25 October 2016 Q3 Highlights Millicom International Cellular S.A. i Total revenue of $1.6 billion; organic service revenue down 0.2% year-on-year ii Adjusted EBITDA iii of $562
More informationEARNINGS RELEASE Q4 2018
EARNINGS RELEASE Q4 2018 Luxembourg, February 7 th 2019 Solid 2018 underpins strong medium-term outlook Highlights The financial highlights discussed and summarized in the table below are presented on
More informationFinancial Results Q1 2009
Millicom International Cellular S.A. Financial Results Q1 2009 April 21st, 2009 Mikael Grahne François-Xavier Roger : : Highlights Significant negative pressure from Forex, especially in Africa Margins
More informationMillicom International Cellular S.A. i
Millicom International Cellular S.A. i Substantial progress made towards our strategic goals o o Record 2.6 million 4G net adds - 24% growth ii in mobile data revenue Fibre network expands by a record
More informationMILLICOM INTERNATIONAL CELLULAR S.A.
PRESS RELEASE New York and Stockholm February 9, 2011 MILLICOM INTERNATIONAL CELLULAR S.A. RESULTS FOR THE PERIOD ENDED DECEMBER 31, 2010 (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC) All data
More informationMILLICOM INTERNATIONAL CELLULAR S.A.
PRESS RELEASE New York and Stockholm April 21, 2009 MILLICOM INTERNATIONAL CELLULAR S.A. RESULTS FOR THE PERIOD ENDED MARCH 31, 2009 (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC) Key figures 29%
More informationMillicom International Cellular S.A. (A public limited liability company (société anonyme) incorporated under the laws of Luxembourg)
Millicom International Cellular S.A. (A public limited liability company (société anonyme) incorporated under the laws of Luxembourg) (Registration number RCS B 40 630) Management Report and Interim Condensed
More informationMILLICOM INTERNATIONAL CELLULAR S.A.
Q3 Highlights PRESS RELEASE New York and Stockholm October 19, 2010 MILLICOM INTERNATIONAL CELLULAR S.A. RESULTS FOR THE 3 MONTH PERIOD ENDED SEPTEMBER 30, 2010 (Nasdaq Stock Market: MICC and Stockholmsbörsen:
More informationChief Financial Officer s review
Chief Financial Officer s review In 2016, we made progress in growing our margins, improving our cash flow and strengthening our capital structure. The business proved resilient to a more difficult operating
More informationFinancials. This section details our financial performance for 2016.
Financials This section details our financial performance for 2016. 129 Independent auditor s report 130 Introduction 135 Consolidated statement of income 136 Consolidated statement of comprehensive income
More informationMILLICOM INTERNATIONAL CELLULAR S.A.
Q3 Highlights PRESS RELEASE Stockholm October 18, 2011 MILLICOM INTERNATIONAL CELLULAR S.A. RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2011 (Stockholmsbörsen: MIC) Organic local currency revenues up 9.1%
More informationMillicom International Cellular Rating: Buy
SATELLITE, CABLE & BROADCASTING David B. Kestenbaum 212-218-3851 dkestenbaum@morganjoseph.com Heather Hou 212-218-3713 hhou@morganjoseph.com Company Update October 7, 2008 Key Metrics MICC - NASDAQ $58.45
More informationTELENOR GROUP FIRST QUARTER Sigve Brekke, CEO
TELENOR GROUP FIRST QUARTER Sigve Brekke, CEO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant
More informationSunrise Communications Group AG Investor Presentation, September 2015
Sunrise Communications Group AG Investor Presentation, September 2015 Disclaimer This document and any materials distributed in connection herewith (including any oral statements) (together, the Presentation
More informationRESULTS 2Q16. Investor Relations Telefônica Brasil S.A. July, 2016
RESULTS Investor Relations Telefônica Brasil S.A. July, 2016 DISCLAIMER This presentation may contain forward-looking statements concerning future prospects and objectives regarding growth of the subscriber
More informationDigital connectivity for tomorrow s world
Digital connectivity for tomorrow s world Millicom Annual Report 2017 Digital connectivity for tomorrow s world We are a leading provider of cable and mobile services dedicated to emerging markets. We
More informationTELENOR GROUP SECOND QUARTER Sigve Brekke, CEO
TELENOR GROUP SECOND QUARTER Sigve Brekke, CEO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS TELEFONICA CELULAR DEL PARAGUAY S.A. As at and for the three month period ended 31 March 2017 1. Overview We are a
More informationFOURTH QUARTER Tele2 AB 7 February 2012
FOURTH QUARTER 211 Tele2 AB 7 February 212 Agenda About Q4 211 Financial Review Concluding remarks 2 Tele2 Group Q4 Highlights Q4 Financials Net sales (curr. adj.) for the Group grew by 8 % and amounted
More informationInterim Report January-June, 2014
Interim Report January-June, 2014 Johan Dennelind President and CEO All regions contribute to stable margin Group service revenues flat - net sales negatively impacted by Spain Underlying EBITDA maintained
More informationInvestor Presentation. London - March, 2016
Investor Presentation London - March, 2016 Disclaimer Grupo Aval Acciones y Valores S.A. ( Grupo Aval ) is an issuer of securities in Colombia and the United States, registered with Colombia s National
More informationPreliminary Results January March 2014
Preliminary Results January March 2014 Telefónica Deutschland Holding AG Disclaimer The financial information contained in this document (in general prepared under International Financial Reporting Standards
More informationResults 3Q18. Investor Relations Telefônica Brasil S.A. October, 2018
Results Investor Relations Telefônica Brasil S.A. October, 2018 Disclaimer This presentation may contain forwardlooking statements concerning future prospects and objectives regarding growth of the subscriber
More informationFinancial Results Presentation Q1 FY13: Quarter ended 30 June Aug 2012 Chua Sock Koong Group CEO
Financial Results Presentation Q1 FY13: Quarter ended 30 June 2012 14 Aug 2012 Chua Sock Koong Group CEO Forward looking statement important note The following presentation contains forward looking statements
More information1H RESULTS PRESENTATION Madrid, 2014
1H RESULTS PRESENTATION Madrid, 2014 Disclaimer In addition to figures prepared in accordance with IFRS, PRISA presents non-gaap financial performance measures, e.g., EBITDA, EBITDA margin, adjusted EBITDA,
More informationDEUTSCHE TELEKOM Q3/2018 RESULTS. Not to be released until November 8, 2018 Start statement Timotheus Höttges
DEUTSCHE TELEKOM Q3/2018 RESULTS Not to be released until November 8, 2018 Start statement Timotheus Höttges DISCLAIMER This presentation contains forward-looking statements that reflect the current views
More informationFinancial Results Presentation
Financial Results Presentation Q4 FY16: Quarter ended 31 March 2016 12 May 2016 Chua Sock Koong, Group CEO Forward looking statement important note The following presentation contains forward looking statements
More informationTELENOR GROUP THIRD QUARTER Sigve Brekke, CEO
TELENOR GROUP THIRD QUARTER Sigve Brekke, CEO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant
More informationAtento. Fiscal 2016 Fourth Quarter and Full Year Results. March 21, 2017
Atento Fiscal 2016 Fourth Quarter and Full Year Results March 21, 2017 Lynn Antipas Tyson Vice President Investor Relations +1-914-485-1150 lynn.tyson@atento.com 1 Disclaimer This presentation has been
More informationOTE Corporate Presentation
OTE Corporate Presentation BNP Paribas 9th Annual High Yield & Leveraged Finance Conference 2013 Tuesday, January 15 th 2013 1 OTE Group Overview 2 The Group today OTE is the leading integrated telecommunications
More informationMILLICOM INTERNATIONAL CELLULAR S.A.
PRESS RELEASE New York and Stockholm February 11, 2009 MILLICOM INTERNATIONAL CELLULAR S.A. RESULTS FOR THE PERIOD ENDED DECEMBER 31, 2008 (Nasdaq Stock Market: MICC and Stockholmsbörsen: MIC) Q4 key figures
More informationLIBERTY LATIN AMERICA
LIBERTY LATIN AMERICA FY 2018 INVESTOR CALL February 21, 2019 Part of Liberty Latin America SAFE HARBOR FORWARD-LOOKING STATEMENT DEFINED TERMS FORWARD-LOOKING STATEMENTS AND DISCLAIMER This presentation
More informationDEUTSCHE TELEKOM Q2/2018 RESULTS
DEUTSCHE TELEKOM Q2/2018 RESULTS DISCLAIMER This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking
More informationTELENOR GROUP Third quarter Sigve Brekke, CEO
TELENOR GROUP Third quarter 2018 Sigve Brekke, CEO 1 Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated
More informationQ4FY17 Financial Results Presentation
Q4FY17 Financial Results Presentation For the quarter ended 31 Mar 2017 Chua Sock Koong, Group CEO 18 May 2017 Forward looking statement Important note The following presentation contains forward looking
More informationCorporate Presentation. Investor Relations Telefônica Brasil S.A. March, 2017
Corporate Presentation Investor Relations Telefônica Brasil S.A. March, 2017 DISCLAIMER This presentation may contain forward-looking statements concerning future prospects and objectives regarding growth
More information2015 Fourth-Quarter and Fiscal Year Performance
205 Fourth-Quarter and Fiscal Year Performance Financial Results and Company Highlights March 5, 206 Disclaimers Forward-Looking Statements This presentation includes forward-looking statements within
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS TELEFONICA CELULAR DEL PARAGUAY S.A. As at and for the year ended 31 December 2016 1. Overview We are a leading multinational
More informationConference Call Second Quarter 2013 Financial Results. Presentation3
Conference Call Second Quarter 2013 Financial Results Presentation3 August 2, 2013 Agenda 1 Agenda 1 2 Opening Remarks 2Q13 Highlights 3 Operating and Financial Review 4 Closing Remarks 5 Q&A 2 1 Alicorp
More information2Q-2016 Consolidated Results Conference Call
2Q-2016 Consolidated Results Conference Call FULL IFRS September 27, 2016 The IR Recognition granted by the Colombian Securities Exchange (Bolsa de Valores de Colombia S.A) is not a certification of the
More informationFourth Quarter & Fiscal Year 2012 Earnings Results. Conference Call Presentation
Fourth Quarter & Fiscal Year 2012 Earnings Results Conference Call Presentation Disclaimer This presentation is based on audited financial statements and may include statements that could constitute forward-looking
More informationInvestor Presentation
Investor Presentation XV Andean Investor Conference Credicorp Capital September 27 th and 28 th, 2017 The Issuers Recognition IR granted by the Colombian Stock Exchange is not a certification about the
More informationYear-end Report January December 2014
Year-end Report January December 2014 Johan Dennelind President & CEO 4 4G population coverage now exceeds 99 percent in Sweden 4G traffic now surpasses 3G traffic in Sweden 4 new villas per hour connected
More informationAMÉRICA MÓVIL S FOURTH QUARTER OF 2010 FINANCIAL AND OPERATING REPORT
Carlos García-Moreno Chief Financial Officer carlos.garciamoreno@amovil.com Daniela Lecuona Torras Investor Relations Office daniela.lecuona@americamovil.com Highlights Argentina Paraguay Uruguay Chile
More informationAtento. Fiscal 2017 Fourth Quarter and Full Year Results. March 20, Investor Relations Shay Chor
March 20, 2018 Atento Fiscal 2017 Fourth Quarter and Full Year Results Investor Relations Shay Chor shay.chor@atento.com Felipe Joaquim Martins de Souza felipe.souza@atento.com 1 Disclaimer This presentation
More informationAMÉRICA MÓVIL S THIRD QUARTER OF 2012 FINANCIAL AND OPERATING REPORT
Carlos García-Moreno Chief Financial Officer carlos.garciamoreno@amovil.com Daniela Lecuona Torras Investor Relations Office daniela.lecuona@americamovil.com Highlights AMÉRICA MÓVIL S THIRD QUARTER OF
More informationInterim Report January September 2014
Interim Report January September 2014 Johan Dennelind President & CEO Capital Markets Day summary 2018 2013 2014 2015 2016 2017 The New TeliaSonera Big changes Stabilize & shape Transform & perform Transform
More informationCOMMUNICATION OF A RELEVANT FACT MASMOVIL GROUP. 29 th October 2018
COMMUNICATION OF A RELEVANT FACT MASMOVIL GROUP 29 th October 2018 The following Relevant Fact is provided regarding the company MASMOVIL IBERCOM, S.A. (hereinafter either the MASMOVIL Group or MASMOVIL,
More informationDEUTSCHE TELEKOM Q1/15 Results
DEUTSCHE TELEKOM Results DISCLAIMER This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking
More informationRESULTS HIGHLIGHTS: A SOLID QTR TO CLOSE A SOLID YEAR
RESULTS HIGHLIGHTS: A SOLID QTR TO CLOSE A SOLID YEAR Customer Base 75.7 million customers Data Acceleration 34 million users (+26% YoY) Improving Profitability 30% EBITDA Margin Turnaround on Fixed business
More informationPhilippine Long Distance Telephone Company (PLDT) Nine Months 2015 Financial and Operating Results
Philippine Long Distance Telephone Company (PLDT) Nine Months 2015 Financial and Operating Results 3 November 2015 PLDT Group: 3Q15 vs 3Q14 Financial Highlights P42.7bn Revenues +2% P0.8bn Wireless Revenues
More informationOrange financial results
H1 2016 Orange financial results Stéphane Richard Chairman and CEO Ramon Fernandez Deputy CEO, Chief Financial and Strategy Officer 23 February 2017 FY Disclaimer This presentation contains forward-looking
More informationARGENTINA. 1Q17 Earnings Release Conference Call Presentation
TELECOM ARGENTINA 1Q17 Earnings Release Conference Call Presentation Disclaimer This presentation may include statements that could constitute forward-looking statements, including, but not limited to,
More informationRESULTS 1Q17. Investor Relations Telefônica Brasil S.A. May, 2017
RESULTS Investor Relations Telefônica Brasil S.A. May, 2017 DISCLAIMER This presentation may contain forward-looking statements concerning future prospects and objectives regarding growth of the subscriber
More informationLong Term Incentive Plan (LTIP):
Long Term Incentive Plan (LTIP): Understanding FCF & TSR as key indicators and how we all contribute TEF Razón Finance social 18 00.00.2015 th July 2018 We choose it all 1 Index 1. THE BASICS P&L, FCF,
More informationRESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2014
RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2014 AGENDA Brian Mattingley Introduction Aviad Kobrine Itai Frieberger Financial Review Operational Review Brian Mattingley Summary Q&A 2 SUMMARY OF RESULTS H1
More information2013 Investor Call. February 14, 2014
2013 Investor Call February 14, 2014 Safe Harbor Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements within the meaning
More informationQ Earnings Summary August 5, 2015
Q2 2015 Earnings Summary August 5, 2015 Trademark of Trinseo S.A. or its affiliates Introductions & Disclosure Rules Introductions Chris Pappas, President & CEO John Feenan, Executive Vice President &
More informationMillicom International Cellular S.A.
Millicom International Cellular S.A. Société Anonyme Audited annual accounts as at and for the year ended December 31 st, 2018 We believe in better. We believe in Table of Contents 1. Directors report
More informationPRESENTATION OF THE FOURTH QUARTER AND FULL-YEAR FEBRUARY 2018
PRESENTATION OF THE FOURTH QUARTER AND FULL-YEAR 2017 9 FEBRUARY 2018 AGENDA A B C D Operating Companies Performance in Q4 2017 Kinnevik s Financial Position Review of Full-Year 2017 2018 Priorities TODAY
More informationResults presentation 1Q18. 3 May 2018
Results presentation 1Q18 3 May 2018 Disclaimer This presentation (the "Presentation") has been prepared and is issued by, and is the sole responsibility of Euskaltel, S.A. ("Euskaltel" or "the Company").
More informationCreating Value Profitable Growth Strategy
Profitable Growth Strategy 2013-2015 London, January 16 th 2013 Jo Lunder CEO Delivering on the Value Agenda Objectives FY 11 Objectives 2012 2014 (announced 15 November 2011) YTD 3Q12 Revenue +5 % * CAGR
More informationAMÉRICA MÓVIL S FIRST QUARTER OF 2014 FINANCIAL AND OPERATING REPORT
Carlos García-Moreno Chief Financial Officer carlos.garciamoreno@amovil.com Daniela Lecuona Torras Investor Relations Office daniela.lecuona@americamovil.com Highlights Argentina Paraguay Uruguay Chile
More informationPreliminary Results January September 2013
Preliminary Results January September 2013 Disclaimer The financial information contained in this document (in general prepared under International Financial Reporting Standards (IFRS)) contains in respect
More informationAMÉRICA MÓVIL S SECOND QUARTER OF 2014 FINANCIAL AND OPERATING REPORT
Carlos García-Moreno Chief Financial Officer carlos.garciamoreno@amovil.com Daniela Lecuona Torras Investor Relations Office daniela.lecuona@americamovil.com Highlights AMÉRICA MÓVIL S SECOND QUARTER OF
More informationSIEMENS INDIA LIMITED RESEARCH
RESULTS REVIEW Siemens India Limited Hold Share Data Market Cap Rs. 196.1 bn Price Rs. 581.6 BSE Sensex 14,961.07 Reuters Bloomberg Avg. Volume (52 Week) SIEM.BO SIEM IN 0.2 mn 52-Week High/Low Rs. 1,142.5
More informationFourth Quarter 2014 Consolidated Results Conference Call
Fourth Quarter 2014 Consolidated Results Conference Call April 14, 2015 Investor Relations 2 Disclaimer Banco de Bogotá and its respective Colombian financial subsidiaries, including Porvenir and Corficolombiana,
More informationMILLICOM INTERNATIONAL CELLULAR S.A.
MILLICOM INTERNATIONAL CELLULAR S.A. FOR IMMEDIATE RELEASE July 25, 2005 MILLICOM INTERNATIONAL CELLULAR S.A. ANNOUNCES RESULTS FOR THE PERIOD ENDED JUNE 30, 2005 21% increase in Revenues for Q2 05 to
More informationTelenor Group First Quarter Jon Fredrik Baksaas, CEO
Telenor Group First Quarter 2015 Jon Fredrik Baksaas, CEO Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated
More informationAT&T Investor Update 2018 AT&T EARNINGS. 2 nd Quarter Earnings. July 24, 2018
AT&T Investor Update 2 nd Quarter Earnings July 24, 2018 Q2 2018 AT&T EARNINGS AT&T Investor Update Results and Outlook Business Update John Stephens Senior Executive Vice President and Chief Financial
More informationFinancial Results Presentation Q3 FY12: Quarter ended 31 December February 2012 Chua Sock Koong Group CEO
Financial Results Presentation Q3 FY12: Quarter ended 31 December 2011 13 February 2012 Chua Sock Koong Group CEO Forward looking statement important note The following presentation contains forward looking
More informationYear-end Report January-December, 2012
Year-end Report January-December, 20 Lars Nyberg President and CEO Record-high Free cash flow during 20 Net sales SEK 4,898 million (4,804) Increased 1.2% in local currencies EBITDA* SEK 36,059 million
More informationThe economic footprint of Millicom/Tigo in South and Central America
The economic footprint of Millicom/Tigo in South and Central America 1 Hard Facts about Copenhagen Economics COPENHAGEN ECONOMICS IS ONE OF THE LEADING ECONOMICS FIRMS IN EUROPE. FOUNDED IN 2000, WE CURRENTLY
More informationQ PRESENTATION. Rolf Barmen (CEO) Birte Strander (CFO) Oslo, 8 th May
Q1 218 PRESENTATION Rolf Barmen (CEO) Birte Strander (CFO) Oslo, 8 th May Q1 218 HIGHLIGHTS Rolf Barmen (CEO) Highlights first quarter 218 An important high-volume quarter a good start to the year Adjusted
More informationQ Investor Presentation May 8, 2018
Q1 2018 Investor Presentation May 8, 2018 Safe Harbor Disclosure and Definitions This presentation contains forward-looking statements. The use of words such as "anticipates," "estimates," "expects," "plans"
More informationA world of opportunities. Annual Report 2011 Millicom International Cellular S.A.
A world of opportunities Annual Report Millicom International Cellular S.A. Annual Report Millicom International Cellular S.A. 1 Introduction to Millicom Millicom is a dedicated emerging markets telecoms
More informationCorporate Presentation
Corporate Presentation 2018 2 Disclaimer Grupo Aval Acciones y Valores S.A. ( Grupo Aval ) is an issuer of securities in Colombia and the United States, registered with Colombia s National Registry of
More informationAMÉRICA MÓVIL S FOURTH QUARTER OF 2013 FINANCIAL AND OPERATING REPORT
Carlos García-Moreno Chief Financial Officer carlos.garciamoreno@amovil.com Daniela Lecuona Torras Investor Relations Office daniela.lecuona@americamovil.com Highlights 339M accesses, +4.2% YoY AMÉRICA
More informationVITRO Conglomerates. Quarterly Report July 29, VITRO Market Outperformer 12M FWD Price Target P$73.0
Quarterly Report VITRO Market Outperformer 12M FWD Price Target P$73.0 Price 61.1 12M Price Range 36.3/ 66.7 Shares Outstanding (Mill) 483.6 Market Cap (Mill) 1,564 Float 20% Net Debt ( Mill) -424 EV Adj.
More informationQ Results presentation
Q1 2016 Results presentation 12 May 2016 1 Disclaimer This presentation (the "Presentation") has been prepared and is issued by, and is the sole responsibility of Telepizza Group, S.A. ( Telepizza" or
More informationAMÉRICA MÓVIL S FOURTH QUARTER OF 2011 FINANCIAL AND OPERATING REPORT
Carlos García-Moreno Chief Financial Officer carlos.garciamoreno@amovil.com Daniela Lecuona Torras Investor Relations Office daniela.lecuona@americamovil.com Highlights 300M accesses AMÉRICA MÓVIL S FOURTH
More information