Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF A FOREIGN PRIVATE ISSUER

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

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July, 2023

Commission File Number: 1-16269

AMÉRICA MÓVIL, S.A.B. DE C.V.

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

America Mobile

(Translation of Registrant’s Name into English)

Lago Zurich 245

Plaza Carso / Edificio Telcel, Piso 16

Colonia Ampliación Granada, Miguel Hidalgo

11529 Mexico City, Mexico

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

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

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

América Móvil’s second quarter of 2023 financial and operating report

July 11^th, 2023 / 2Q23

Mexico City - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the second quarter of 2023.

•

We added 2.2 million wireless subscribers in the second quarter including 1.5 million postpaids. Brazil contributed 632 thousand, Austria 267 thousand and Colombia 171 thousand.

•

Prepaid net subscriber additions stood at 787 thousand, with Brazil and Mexico adding almost 200 thousand each and Colombia 185 thousand.

•

On the fixed-line segment we obtained 331 thousand broadband accesses including 140 thousand in Mexico, 78 thousand in Argentina and 45 thousand in Brazil.

•

Second quarter revenue was down 4.6% year-on-year to 203 billion pesos in Mexican peso terms, but correcting for foreign exchange effects, service revenue increased 5.0%, expanding 6.7% in mobile services and 2.3% on fixed-line ones. Mexico, Brazil and Austria saw continued progress on their fixed-line revenue growth.

•

EBITDA was down 3.8% in Mexican peso terms to 78.7 billion pesos in the quarter, resulting in a 38.9% EBITDA margin. At constant exchange rates it expanded 5.6% in the period on greater operating leverage.

•

Operating profit of 40.3 billion pesos was down 2.8% year-on-year whereas our net profit nearly doubled from the year-earlier quarter to 25.9 billion pesos, mostly on account of greater foreign exchange gains.

•

In the first six months of the year capital expenditures totaled 64.4 billlion pesos and distributions to shareholders 5.0 billion pesos, including share buybacks in the amount of 3.1 billion pesos and dividends of 2.0 billion.

•

In cash flow terms we reduced our net debt by 3.8 billion pesos in the period. Our net debt excluding leases totaled 358 billion pesos at the end of June, having come down by 23.9 billion pesos from the end-of-December figure on the back of the appreciation of the Mexican peso vis-à-vis other currencies, particularly the U.S. dollar. It was equivalent to 1.43 times LTM EBITDA.


América Móvil Fundamentals

	2Q23		2Q22

Earnings per Share (Mex$)⁽¹⁾		0.41		0.21

Earning per ADR (US$)⁽²⁾		0.46		0.21

EBITDA per Share (Mex$)⁽³⁾		1.25		1.28

EBITDA per ADR (US$)		1.41		1.27

Net Income (millions of Mex$)		25,875		13,683

Average Shares Outstanding (billion)		63.2		64.0

Shares Outstanding End of Period (billion)		63.2		63.9

⁽¹⁾ Net Income / Average Shares Outstanding

⁽²⁾ 20 shares per ADR

⁽³⁾ EBITDA / Average Shares Outstanding


América Móvil’s Subsidiaries as of June 2023

Country	Brand	Main Activity	Equity

Mexico	Telcel	wireless	100.0%

	Telmex	wireline	98.8%

Argentina	Claro	wireless/wireline	100.0%

Brazil	Claro	wireless/wireline	99.6%

Colombia	Claro	wireless/wireline	99.4%

Costa Rica	Claro	wireless/wireline	100.0%

Dominicana	Claro	wireless/wireline	100.0%

Ecuador	Claro	wireless/wireline	100.0%

El Salvador	Claro	wireless/wireline	95.8%

Guatemala	Claro	wireless/wireline	99.3%

Honduras	Claro	wireless/wireline	100.0%

Nicaragua	Claro	wireless/wireline	99.6%

Paraguay	Claro	wireless/wireline	100.0%

Peru	Claro	wireless/wireline	100.0%

Puerto Rico	Claro	wireless/wireline	100.0%

Uruguay	Claro	wireless/wireline	100.0%

Netherlands	KPN	wireless/wireline	16.1%

Austria	A1	wireless/wireline	51.0%

Note

Upon its sale in July 2022 Claro Panama became a discontinued operation. Claro Chile did so as well upon the establishment of the joint venture with Liberty Latin America in October 2022. The financial statements presented in this report account for those operations as discontinued operations.

The reported figures for Argentina corresponding to the second quarter of 2023 are presented in accordance with IAS29 reflecting the effects of inflationary accounting as the Argentinean economy is deemed to be hyperinflationary. All comparisons at constant exchange rates for America Movil’s consolidated figures will exclude Argentina to ensure consistency.

Relevant Events

Ordinary dividend of MXP$0.46 per share

In April our shareholders approved a buyback program fund in the amount of MXP 20 billion and the payment of an ordinary dividend of MXP$0.46 per share to be paid out in July and in November. They also agreed on the cancelation of treasury shares acquired as part of our buyback program, and to amend article sixth of its bylaws reducing the capital stock in proportion to the cancelled shares.

One billion-euro financing for Euro Tele Sites

On June 9th we closed a 500 million-euro, five-year bullet loan for the new Euro Tele Sites, a tower company to be spun-off from Telekom Austria. The loan was provided by a group of six international banks. A few weeks later, on July 6th, the same entity launched a 5.25%, 500 million-euro five-year bond. Euro Tele Sites will thus be fully funded at the time of the spin-off.

América Móvil’s Global Peso Notes program

On June 26th we launched the inaugural issue of our new Global Peso Notes program, under which we expect to issue an amount of up to 130 billion pesos over five years. In our inaugural offering, registered both with the SEC in the U.S. and with the CNBV in Mexico, we placed a long seven-year, 17 billion-peso, 9.5% sustainable bond—approximately one billion U.S. dollars equivalent—maturing in January 2031. Nearly half of the bonds were distributed amongst international investors.

Access Lines

2.2M wireless net adds, 1.5M were postpaid clients

We added 2.2 million wireless subscribers in the second quarter of which 1.5 million were postpaid clients. Brazil contributed 632 thousand new contract clients, while 267 thousand came from Austria and 171 thousand from Colombia. On our prepaid platform we had net additions of 787 thousand clients in the period, with Brazil and Mexico gaining almost 200 thousand each and Colombia 185 thousand.

331k new broadband accesses

On the fixed-line segment we obtained 331 thousand broadband accesses including 140 thousand in Mexico, 78 thousand in Argentina and 45 thousand in Brazil. Voice lines and PayTV units fell by 253 thousand and 47 thousand, respectively, in the quarter.

Postpaid base +3.7% YoY and fixed-broadband accesses +3.0% YoY

Our subscriber base comprised 303 million wireless subscribers at the end of June, of which 117 million were postpaid clients. In addition, we had 73 million fixed-line RGUs, including 31 million broadband accesses, 13 million Pay TV clients and 29 million land-lines. Our postpaid base increased 3.7% year-on-year, with prepaid expanding 0.7%, fixed-broadband 3.0% and PayTV practically flat.


Wireless subscribers as of June 2023
Total⁽¹⁾ (Thousands)
Country	Jun ’23		Mar ’23		Var.%		Jun ’22		Var.%
Argentina, Paraguay and Uruguay		27,462		27,178		1.0%		26,638		3.1%
Austria		9,511		9,250		2.8%		8,306		14.5%
Brazil		83,671		82,844		1.0%		85,735		-2.4%
Central America		16,834		16,845		-0.1%		16,189		4.0%
Caribbean		7,469		7,410		0.8%		7,222		3.4%
Colombia		38,424		38,068		0.9%		36,322		5.8%
Eastern Europe		14,975		14,867		0.7%		14,969		0.0%
Ecuador		9,290		9,163		1.4%		8,802		5.5%
Mexico		83,243		82,982		0.3%		81,364		2.3%
Peru		12,323		12,347		-0.2%		12,202		1.0%
Total Wireless Lines		303,202		300,952		0.7%		297,749		1.8%

⁽¹⁾ Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated.


Fixed-Line and Other Accesses (RGUs) as of June 2023
Total⁽¹⁾ (Thousands)
Country	Jun ’23		Mar ’23		Var.%		Jun ’22		Var.%
Argentina, Paraguay and Uruguay		3,250		3,055		6.4%		2,417		34.4%
Austria		2,892		2,917		-0.9%		2,995		-3.4%
Brazil⁽²⁾		23,452		23,889		-1.8%		24,699		-5.0%
Central America		4,763		4,700		1.3%		4,514		5.5%
Caribbean		2,750		2,734		0.6%		2,673		2.9%
Colombia		9,334		9,263		0.8%		9,075		2.9%
Eastern Europe		3,357		3,304		1.6%		3,140		6.9%
Ecuador		615		623		-1.4%		582		5.6%
Mexico		21,074		20,944		0.6%		21,256		-0.9%
Peru		1,957		1,985		-1.4%		1,962		-0.2%
Total RGUs		73,444		73,413		0.0%		73,311		0.2%

⁽¹⁾ Fixed Line, Broadband and Television (Cable & DTH).

⁽²⁾The number of Pay TV units has been adjusted to the criteria by which we report to the local regulator.

América Móvil Consolidated Results

During the second quarter U.S. dollar interest rates remained as volatile as they had been in the first quarter. With inflationary pressures stronger than anticipated earlier in the year, the reductions of interest rates by the Fed originally expected to take place in the latter part of 2023 appeared increasingly improbable, giving rise to an upward trend in medium and long-term rates throughout the latter half of the quarter that has continued in July.

Second quarter revenue was down 4.6% year-on-year to 203 billion pesos in Mexican peso terms, with service revenue falling 4.2%. As in the prior quarter, this reflected the appreciation of the Mexican peso vs. our other operating currencies in the period. Correcting for foreign exchange effects, service revenue increased 5.0%, a slightly slower pace than that observed the prior quarter.

Service revenue growth continued to advance on the fixed-line platform, moving up to 2.3% at constant exchange rates from 1.8% the prior quarter. On the mobile platform it slowed down to 6.7% from 9.3% the prior quarter.

The improvement of fixed-line service revenue growth was observed in three of our four principal markets: Mexico, Brazil and Austria. In Mexico it was driven by both corporate networks services and fixed-broadband services; in Brazil and Austria by the latter. Importantly, the downward trend of PayTV revenue appears to be coming to an end: in the quarter they were down 1.3%, the lowest decline in several quarters.

The deceleration of mobile service revenue growth stems principally from the normalization of mobile revenue in Brazil exactly a year after the integration of revenue from former Oi mobile clients acquired by Claro. The uplift in terms of revenue growth provided by former Oi clients has come down to 0.8% from 6.4% a year ago. In addition to the above, we also had somewhat slower growth in Mexico and Colombia.

EBITDA was down 3.8% in Mexican peso terms to 78.7 billion pesos in the quarter, representing a 38.9% EBITDA margin. At constant exchange rates it expanded 5.6% in the period, reflecting the greater operating leverage of the company. The reduction in inflation rates we have seen in most countries, as well as the appreciation of most Latam currencies and the euro vis-à-vis U.S. dollar, have recently contributed to this through their impact on costs.

We turned an operating profit of 40.3 billion pesos in the quarter, down 2.8% year-on-year, which helped bring about a 25.9 billion pesos net profit in the quarter, almost doubling that of the year-earlier quarter mostly on account of foreign exchange gains increasing from 4.4 billion pesos in the year-earlier quarter to 14.0 billion pesos. Our net profit was equivalent to 41 peso cents per share or 46 dollar cents per ADR.

Our net debt excluding leases totaled 358 billion pesos at the end of June—equivalent to 1.43 times LTM EBITDA—having come down by 23.9 billion pesos from the end-of-December figure on the back of the appreciation of the Mexican peso vis-à-vis other currencies, particularly the U.S. dollar. In cash flow terms we reduced our net debt by 3.8 billion pesos in the period.


América Móvil’s Income Statement Proform⁽¹⁾ Millions of Mexican pesos
	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%
Service Revenue		169,206		176,569		-4.2%		338,259		349,418		-3.2%
Equipment Revenue		31,103		33,614		-7.5%		62,336		64,198		-2.9%
Total Revenue⁽²⁾		202,532		212,254		-4.6%		411,458		417,747		-1.5%
Cost of Service		51,330		53,673		-4.4%		103,155		107,760		-4.3%
Cost of Equipment		27,269		29,079		-6.2%		54,916		55,441		-0.9%
Selling, General & Administrative Expenses		43,896		46,435		-5.5%		87,853		90,651		-3.1%
Others		1,337		1,292		3.5%		4,127		1,994		106.9%
Total Costs and Expenses		123,833		130,479		-5.1%		250,050		255,846		-2.3%

EBITDA⁽³⁾		78,699		81,775		-3.8%		161,407		161,901		-0.3%
% of Total Revenue		38.9%		38.5%				39.2%		38.8%

Depreciation & Amortization		38,391		40,319		-4.8%		76,975		80,230		-4.1%
EBIT		40,308		41,456		-2.8%		84,433		81,671		3.4%
% of Total Revenue		19.9%		19.5%				20.5%		19.6%

Net Interest Expenses		8,117		9,803		-17.2%		16,839		18,661		-9.8%
Other Financial Expenses		8,034		12,228		-34.3%		12,639		18,466		-31.6%
Foreign Exchange Loss		-14,047		-4,417		-218.0%		-27,749		-26,877		-3.2%
Comprehensive Financing Cost (Income)		2,104		17,614		-88.1%		1,730		10,250		-83.1%
Income & Deferred Taxes		10,085		8,519		18.4%		22,762		24,129		-5.7%
Net Income before Minority Interest and Equity Participation in Results of Affiliates		28,119		15,323		83.5%		59,941		47,291		26.7%
Equity Participation in Results of Affiliates		-1,030		11		n.m.		-1,613		-4		n.m.
Minority Interest		-1,215		-1,399		13.1%		-2,308		-2,571		10.2%
Net Income from Continued Operations		25,875		13,936		85.7%		56,020		44,716		25.3%
Net Income from Discontinued Operations		0		-252		100.0%		0		-235		100.0%
Net Income		25,875		13,683		89.1%		56,020		44,481		25.9%

⁽¹⁾ Adjusted to reflect the sale of Panama and the deconsolidation of Claro Chile on account of the new joint venture.

⁽²⁾ Total Revenue include Other Revenue.

⁽³⁾ EBITDA figures reflect the sale of towers in Peru and the Dominican Republic. Adjusting for these extraordinary items, the EBITDA for the January-June period decreased -3.1%.

n.m. Not meaningful.


Balance Sheet - América Móvil Consolidated⁽¹⁾ Millions of Mexican Pesos
	Jun ‘23		Dec ‘22		Var.%			Jun ‘23		Dec ‘22		Var.%
Current Assets							Current Liabilities
Cash, Marketable Securities & Other Short Term Investments		120,238		122,129		-1.5%	Short Term Debt⁽²⁾		170,960		102,024		67.6%
Accounts Receivable		205,124		202,027		1.5%	Lease-Related Debt		28,553		32,902		-13.2%
Other Current Assets		20,871		12,853		62.4%	Accounts Payable		141,812		165,342		-14.2%
Inventories		21,895		23,995		-8.8%	Other Current Liabilities		217,146		188,608		15.1%
		368,128		361,004		2.0%			558,471		488,877		14.2%

Non Current Assets							Non Current Liabilities
Plant & Equipment, gross		1,238,017		1,317,191		-6.0%	Long Term Debt		318,350		408,565		-22.1%
-Depreciation		616,873		659,965		-6.5%	Lease-Related Debt		99,715		101,247		-1.5%
Plant & Equipment, net		621,144		657,226		-5.5%	Other Liabilities		180,275		181,581		-0.7%
Rights of Use		117,147		121,874		-3.9%			598,341		691,393		-13.5%
Investments in Affiliates and Other Investments		34,438		30,957		11.2%

Deferred Assets
Goodwill (Net)		137,183		141,121		-2.8%
Intangible Assets		119,615		128,893		-7.2%	Shareholder’s Equity		416,277		437,829		-4.9%
Deferred Assets		175,433		177,024		-0.9%

Total Assets		1,573,088		1,618,099		-2.8%	Total Liabilities and Equity		1,573,088		1,618,099		-2.8%

⁽¹⁾ The spin-off of Sitios Latinoamérica gave rise to 37.0 billion pesos in new lease-related debt and a similar amount in rights of use of tower assets.

⁽²⁾ Includes current portion of Long Term Debt.

Mexico

262k wireless adds and 140k new broadband accesses

We gained 262 thousand wireless subscribers in Mexico in the second quarter, most of them prepaid clients, 199 thousand, ending June with 83.2 million subscribers. As for the fixed-line segment, we added 130 thousand RGUs, of which 140 thousand were broadband accesses, marking the best performance—together with the one seen the prior quarter—in six years. At the end of June we had 21.1 million access lines, including 10.3 million broadband accesses.

Fixed-line service revenue +5.6% YoY

Our revenue increased 3.6% year-on-year to 79.6 billion pesos as service revenue rose 6.1%. Mobile service revenue slowed down to 6.4% with both prepaid and postpaid revenue expanding at similar rates. On the fixed-line platform service revenue growth continued to improve, accelerating to 5.6%—its best performance in years, helped along by broadband services and corporate networks, up 7.5% and 13.6%, respectively.

EBITDA +5.1% YoY with the EBITDA margin at 40.9%

EBITDA totaled 32.6 billion pesos, a 5.1% increase from the year-earlier quarter, with the margin increasing slightly to 40.9% from 40.3% a year before.


INCOME STATEMENT - Mexico Millions of MxP
	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%
Total Revenue⁽¹⁾		79,617		76,844		3.6%		158,066		149,203		5.9%
Total Service Revenue		62,084		58,490		6.1%		123,239		115,758		6.5%
Total Equipment Revenue		15,911		16,934		-6.0%		31,653		30,740		3.0%
Wireless Revenue		58,366		56,835		2.7%		115,967		109,357		6.0%
Service Revenue		42,550		39,990		6.4%		84,513		78,823		7.2%
Equipment Revenue		15,816		16,845		-6.1%		31,454		30,534		3.0%
Fixed Line Revenue		19,629		18,589		5.6%		38,925		37,141		4.8%
Service Revenue		19,534		18,500		5.6%		38,727		36,935		4.9%
Equipment Revenue		95		89		7.2%		199		206		-3.7%
EBITDA		32,563		30,978		5.1%		64,662		61,283		5.5%
% total revenue		40.9%		40.3%				40.9%		41.1%
EBIT		24,028		22,986		4.5%		47,732		45,378		5.2%
% total revenue		30.2%		29.9%				30.2%		30.4%

⁽¹⁾ Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

Mexico Operating Data

2Q23

2Q22

Var.%

Wireless Subscribers (thousands)

83,243

81,364

2.3%

Postpaid

14,797

14,541

1.8%

Prepaid

68,447

66,824

2.4%

ARPU (MxP)

172

166

3.7%

Churn (%)

3.1%

3.3%

(0.2)

Revenue Generating Units (RGUs)⁽¹⁾

21,074

21,256

-0.9%

Fixed Lines

10,770

11,135

-3.3%

Broadband

10,304

10,120

1.8%

⁽¹⁾ Fixed Line and Broadband.

Brazil

632k postpaid net adds and 45k new broadband accesses

In the second quarter we obtained 827 thousand new wireless subscribers—of which 632 thousand were postpaid—to finish the quarter with 83.7 million subscribers. On the fixed-line platform we added 45 thousand broadband accesses while we continued to disconnect PayTV units, 156 thousand. We had 23.5 million RGUs at the end of June.

Service revenue +6.1% YoY

Our second quarter revenue reached 11.3 billion reais and was 7.6% higher than that of the year-earlier quarter, with service revenue expanding 6.1%, down from 9.8% the prior quarter, as mobile revenue growth stabilized following the acquisition of Oi mobile clients a year before. Mobile revenue growth stood at 12.6% in the second quarter, with the revenue uplift attributable to Oi being 0.8%, down from 6.4% in the year-earlier quarter.

Fixed-line service revenue -0.8% YoY

Fixed-line service revenue was nearly flat, -0.8%, its best performance in six years, buoyed by broadband service revenue that expanded 7.5%, also its best showing in several quarters. The long-standing PayTV revenue decline has been tapering off, to -5.1% in the second quarter as compared to -11.2% a year before, which also supported the improved fixed-line revenue-growth figures. The latter reflects progress on both subscriber additions and pricing. Partly offsetting this, corporate networks revenue fell 1.1% in the period.

EBITDA +9.0% YoY

Second quarter EBITDA, 4.6 billion reais, rose 9.0% from a year before as the EBITDA margin reached 41.1% of revenues.

5G coverage in 107 cities

We finished the quarter with 107 cities with 5G coverage, 30 more than in March and continued to lead the market in subscriber growth in the segment. We launched fiber-to-the-home services in 29 new cities during the period to reach 423 cities where we offer ultra-high speed broadband and last generation solutions.


INCOME STATEMENT - Brazil Millions of BrL

	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%
Total Revenue⁽¹⁾		11,306		10,509		7.6%		22,441		20,540		9.3%
Total Service Revenue		10,802		10,179		6.1%		21,456		19,884		7.9%
Wireless Revenue		6,396		5,560		15.0%		12,607		10,596		19.0%
Service Revenue		5,913		5,253		12.6%		11,662		9,983		16.8%
Equipment Revenue		483		307		57.2%		944		613		54.0%
Fixed Line Revenue		4,889		4,926		-0.8%		9,794		9,901		-1.1%
EBITDA		4,646		4,261		9.0%		9,216		8,280		11.3%
% total revenue		41.1%		40.5%				41.1%		40.3%
EBIT		1,573		1,473		6.7%		3,100		2,807		10.4%
% total revenue		13.9%		14.0%				13.8%		13.7%

⁽¹⁾ Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

Brazil Operating Data

2Q23

2Q22

Var.%

Wireless Subscribers (thousands)

83,671

85,735

-2.4%

Postpaid

48,530

47,979

1.1%

Prepaid

35,141

37,756

-6.9%

ARPU (BrL)

6.5%

Churn (%)

2.5%

3.0%

(0.5)

Revenue Generating Units (RGUs)⁽¹⁾

23,452

24,699

-5.0%

⁽¹⁾ Fixed Line, Broadband and Television. The number of Pay TV units has been adjusted to the criteria by which we report to the local regulator.

Colombia

356k wireless net adds

We added 356 thousand mobile subscribers—almost half of them postpaid clients—to finish June with 38.4 million wireless subscribers. We also gained 71 thousand fixed-line RGUs including 25 thousand PayTV units and ten thousand broadband accesses, to end the quarter with 9.3 million RGUs, 2.9% more than a year before.

Service revenue +1.2% YoY

Revenue for the second quarter was up 2.8% over the year to reach 3.8 trillion Colombian pesos, with service revenue increasing 1.2% and equipment revenues expanding 6.9%. Mobile service revenue rose 0.6% in the face of weak consumer trends and strong competition. A 3.5% revenue increase from contract clients allowed us to fully offset a 5.3% revenue drop in the prepaid segment resulting from aggressive commercial promotions.

Fixed-line service revenue +2.2% YoY led by corporate networks

On the fixed-line platform service revenue increased 2.2% over the year led by corporate networks services, up 19.6% year-on-year. We continued to face pressure in the broadband segment.

EBITDA +1.3% YoY

EBITDA for the period, 1.6 trillion Colombian pesos, was 1.3% higher than a year before as the EBITDA margin declined marginally to 41.4% of revenue. The EBITDA expansion is a testament to strong discipline in the face of major inflationary pressures affecting the cost base.


INCOME STATEMENT - Colombia Billions of COP
	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%
Total Revenue⁽¹⁾		3,792		3,687		2.8%		7,531		7,425		1.4%
Total Service Revenue		2,870		2,836		1.2%		5,786		5,666		2.1%
Wireless Revenue		2,564		2,497		2.7%		5,063		5,039		0.5%
Service Revenue		1,709		1,699		0.6%		3,434		3,387		1.4%
Equipment Revenue		856		797		7.3%		1,629		1,653		-1.4%
Fixed Line Revenue		1,185		1,162		2.0%		2,397		2,332		2.8%
EBITDA		1,569		1,549		1.3%		3,115		3,155		-1.3%
% total revenue		41.4%		42.0%				41.4%		42.5%
EBIT		800		895		-10.6%		1,597		1,865		-14.4%
% total revenue		21.1%		24.3%				21.2%		25.1%
⁽¹⁾ Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

Colombia Operating Data

2Q23

2Q22

Var.%

Wireless Subscribers (thousands)⁽¹⁾

38,424

36,322

5.8%

Postpaid

10,030

9,320

7.6%

Prepaid

28,394

27,002

5.2%

ARPU (COP)

14,973

15,850

-5.5%

Churn (%)

3.4%

3.5%

(0.1)

Revenue Generating Units (RGUs)⁽²⁾

9,334

9,075

2.9%

⁽¹⁾ Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of Colombia (MinTIC).

⁽²⁾ Fixed Line, Broadband and Television.

Peru

78k postpaid net adds

We registered postpaid net additions of 78 thousand in the quarter but disconnected 102 thousand prepaids for a total of 24 thousand net disconnections, ending June with 12.3 million subscribers. On the fixed-line platform we lost 28 thousand RGUs, almost all land-lines, to end the quarter just shy of two million fixed-line RGUs.

Service revenue +4.7% YoY with mobile service revenue +5.5% YoY

Although revenue for the quarter, 1.6 billion soles, was slightly lower than that of a year before because of a drop in equipment revenue, service revenue rose 4.7%. Mobile services increased 5.5% annually as postpaid revenue climbed 6.9% on the back of subscriber gains. Prepaid revenue rose marginally, 0.6%, after several consecutive quarters of declines.

Fixed-line service revenue +2.3% YoY

Fixed-line service revenue grew 2.3% with revenue from corporate networks accelerating its pace to 10.6% on the back of cloud and data centers; broadband revenue was up 4.3%. We continued to make inroads in the corporate segment and secured some relevant IT projects in the quarter.

EBITDA +9.6% YoY supported by higher equipment margins

EBITDA for the period, 564 million soles, was 9.6% higher than that of a year before supported by higher equipment margins and a reduction in bad debt. The EBITDA margin stood at 35.6% of revenue having climbed 3.4 percentage points over the twelve-month period.


INCOME STATEMENT - Peru Millons of Soles

	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%

Total Revenue⁽¹⁾		1,584		1,599		-0.9%		3,999		3,195		25.1%

Total Service Revenue		1,210		1,156		4.7%		2,410		2,294		5.0%

Wireless Revenue		1,280		1,299		-1.5%		2,572		2,601		-1.1%

Service Revenue		911		864		5.5%		1,815		1,714		5.9%

Equipment Revenue		369		435		-15.3%		757		887		-14.7%

Fixed Line Revenue		299		292		2.3%		595		580		2.6%

EBITDA⁽²⁾		564		514		9.6%		1,750		1,026		70.5%

% total revenue		35.6%		32.2%				43.8%		32.1%

EBIT		246		219		12.4%		1,094		432		153.2%

% total revenue		15.5%		13.7%				27.4%		13.5%
⁽¹⁾ Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income. ⁽²⁾ EBITDA figures reflect the sale of towers. Adjusting for these extraordinary items, the EBITDA for the January-June period increased 11.3%.

Peru Operating Data

2Q23

2Q22

Var.%

Wireless Subscribers (thousands)

12,323

12,202

1.0%

Postpaid

5,842

5,366

8.9%

Prepaid

6,480

6,836

-5.2%

ARPU (Sol)

3.8%

Churn (%)

4.5%

4.3%

0.2

Revenue Generating Units (RGUs)⁽¹⁾

1,957

1,962

-0.2%

⁽¹⁾ Fixed Line, Broadband and Television.

Ecuador

128k wireless net adds

Net subscriber gains came in at 128 thousand—22 thousand were postpaids—bringing the mobile base up to 9.3 million. Fixed-line RGUs declined by eight thousand in the period, most of them voice lines, to 615 thousand.

Mobile service revenue +1.6% YoY on the back of postpaid

Second quarter revenue totaled 261 million dollars, 1.9% more than in year-earlier quarter. Service revenue increased 1.4% compared to 3.1% in the prior quarter. The figures reflect the impact from severe rain and floods during the period in parts of the country and certain mobility restrictions in the main cities that resulted from government measures aimed at reducing insecurity. Mobile service revenue grew 1.6% with proceeds from postpaids rising 4.2% on the back of strong subscriber gains. Fixed-line service revenue fell 0.4% in the period.

EBITDA +8.6% YoY

Strong cost controls helped EBITDA growth accelerate to 8.6% from 6.6% in the prior quarter, resulting in 127 million dollars and an EBITDA margin of 48.6%, three percentage points higher than that of a year before.


INCOME STATEMENT - Ecuador Millions of Dollars
	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%
Total Revenue⁽¹⁾		261		256		1.9%		520		505		2.8%
Total Service Revenue		228		225		1.4%		455		445		2.2%
Wireless Revenue		234		228		2.4%		466		450		3.5%
Service Revenue		202		198		1.6%		402		392		2.5%
Equipment Revenue		32		30		7.7%		64		58		10.5%
Fixed Line Revenue		27		27		-1.1%		53		55		-2.3%
EBITDA		127		117		8.6%		250		233		7.6%
% total revenue		48.6%		45.6%				48.2%		46.1%
EBIT		71		71		-0.1%		140		141		-0.6%
% total revenue		27.2%		27.7%				26.9%		27.9%
⁽¹⁾ Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

Ecuador Operating Data

2Q23

2Q22

Var.%

Wireless Subscribers (thousands)

9,290

8,802

5.5%

Postpaid

2,252

2,135

5.5%

Prepaid

7,039

6,668

5.6%

ARPU (US$)

-3.3%

Churn (%)

3.0%

3.3%

(0.2)

Revenue Generating Units (RGUs)⁽¹⁾

615

582

5.6%

⁽¹⁾ Fixed Line, Broadband and Television.

Argentina

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

273k wireless net adds and 193k fixed-line new RGUs

Net additions of 273 thousand subscribers in the quarter—70 thousand of them postpaid clients—allowed us to end June with 24.4 million subscribers. We also booked 193 thousand new fixed-line RGUs, almost half of them broadband accesses. Argentina contributed the largest number of broadband net additions outside our home market in the quarter. At the end of June we had 3.0 million RGUs, 39.3% more than a year before.

Service revenue trends have improved

Second quarter revenue totaled 112 billion Argentinean pesos and was down 6.2% annually in real terms (after inflation). Service revenue trends have improved as we posted a 4.5% decline in real terms that compares to -12.0% in the prior quarter and -15.7% in the fourth quarter of last year.

Fixed-line service revenue +15.2% YoY

Mobile service revenue declined 7.8% with sequential improvements in postpaid revenue growth more than compensating steeper declines in prepaid revenue. Although from a smaller base, fixed-line service revenue expanded 15.2% over the prior year as Claro’s fiber roll-out has greatly enhanced customer experience with the introduction of high speed connectivity in a number of cities and towns.

EBITDA was down 8.3% YoY

EBITDA for the period, 44.6 billion Argentinean pesos, was down 8.3% over the year-earlier quarter. The EBITDA margin came in at 39.8%, down 0.9 percentage points from a year before.


INCOME STATEMENT - Argentina Millions of Constant ARS as of June 2023

	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%

Total Revenue⁽¹⁾		111,881		119,327		-6.2%		227,181		245,595		-7.5%

Total Service Revenue		90,394		94,703		-4.5%		181,202		198,305		-8.6%

Wireless Revenue		96,350		105,616		-8.8%		196,813		216,866		-9.2%

Service Revenue		74,987		81,326		-7.8%		151,167		170,155		-11.2%

Equipment Revenue		21,363		24,290		-12.1%		45,645		46,711		-2.3%

Fixed Line Revenue		15,407		13,377		15.2%		30,035		28,150		6.7%

EBITDA		44,570		48,586		-8.3%		90,338		99,469		-9.2%

% total revenue		39.8%		40.7%				39.8%		40.5%

EBIT		37,403		39,434		-5.1%		74,990		80,288		-6.6%

% total revenue		33.4%		33.0%				33.0%		32.7%

⁽¹⁾ Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

Argentina Operating Data

2Q23

2Q22

Var.%

Wireless Subscribers (thousands)

24,400

23,669

3.1%

Postpaid

9,291

8,998

3.3%

Prepaid

15,109

14,672

3.0%

ARPU (ARS)

972

507

91.6%

Churn (%)

1.3%

1.6%

(0.3)

Revenue Generating Units (RGUs)⁽¹⁾

2,927

2,101

39.3%

⁽¹⁾ Fixed Line, Broadband and Television.

Central America

49k postpaid net adds and 24k new broadband accesses

Altogether we added 49 thousand postpaid subscribers and registered 60 thousand prepaid disconnections, for a total of 16.8 million subscribers at the end of June. On the fixed-line platform we gained 63 thousand RGUs including 24 thousand of both broadband accesses and PayTV units, to finish quarter with 4.8 million RGUs, 5.5% more than a year before.

Service revenue +7.2% YoY

Combined revenue totaled 618 million dollars in the period, up 5.9% annually. Service revenue growth accelerated to 7.2% in the second quarter from 5.3% in the prior one and 3.6% in the fourth quarter of 2022 reflecting improving trends in both the fixed and mobile platforms.

Mobile service revenue +8.8% YoY

Mobile service revenue rose 8.8% with prepaid growing somewhat faster than postpaid. On the fixed-line platform we posted service revenue growth of 4.4% which shows a very significant improvement from the prior quarters, as PayTV revenue expanded 10.1% and those coming from broadband and corporate networks increased 4.4% and 3.5%, respectively.

EBITDA +2.2% YoY

With revenue growth and operational efficiency more than compensating for subscriber acquisition costs, EBITDA rose 2.2% from the year-earlier quarter, to 258 million dollars. The EBITDA margin for the period stood at 41.9% of revenue.


INCOME STATEMENT⁽¹⁾ - Central America Millions of Dollars

	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%
Total Revenue⁽²⁾		618		583		5.9%		1,221		1,151	6.0%
Total Service Revenue		535		499		7.2%		1,056		994	6.3%
Wireless Revenue		424		396		7.2%		835		774	7.9%
Service Revenue		352		323		8.8%		691		640	8.0%
Equipment Revenue		73		72		0.3%		143		133	7.4%
Fixed Line Revenue		190		183		3.7%		378		368	2.7%
EBITDA		258		253		2.2%		508		506	0.5%
% total revenue		41.9%		43.4%				41.6%		43.9%
EBIT		118		140		-15.2%		239		274	-12.9%
% total revenue		19.2%		23.9%				19.5%		23.8%
⁽¹⁾ The table reflects the sale of Panama. ⁽²⁾ Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

Central America Operating Data⁽¹⁾

2Q23

2Q22

Var.%

Wireless Subscribers (thousands)

16,834

16,189

4.0%

Postpaid

2,488

2,282

9.0%

Prepaid

14,346

13,908

3.2%

ARPU (US$)

2.6%

Churn(%)

5.8%

5.9%

(0.0)

Revenue Generating Units (RGUs)⁽²⁾

4,763

4,514

5.5%

⁽¹⁾ The table reflects the sale of Panama.

⁽²⁾Fixed Line, Broadband and Television.

Caribbean

47k wireless net adds in the Dominican Republic

Net additions in the mobile segment came in at 47 thousand for the Dominican Republic and 11 thousand for Puerto Rico, whereas on the fixed-line platform the former added just over one thousand RGUs and the latter 15 thousand.

Service revenue +3.1% YoY in the Dominican Republic

Total revenue in the islands came in at 487 million dollars in the second quarter, flat relative to the prior year, with service revenue rising 1.6% in the period. In the Dominican Republic we posted 3.1% service revenue growth as that from mobile increased 3.9% and that from the fixed-line platform 1.9%. Mobile postpaid and fixed-broadband led the expansion, rising 7.4% and 9.8%, respectively. In Puerto Rico service revenue dropped 1.3% with mobile falling 0.6% dragged down by postpaid, and fixed-line revenue declining 2.4% as the growth in broadband and corporate networks revenue failed to compensate for the declines observed in the voice and PayTV segments.

EBITDA +2.5% YoY

EBITDA of 186 million dollars in the quarter was up 2.5% year-on-year and the combined margin was equivalent to 38.1% of revenue. The Dominican Republic posted a 2.1% EBITDA increase in its local currency, while that of Puerto Rico was up 1.8%.


INCOME STATEMENT - Caribbean Millions of Dollars
	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%
Total Revenue⁽¹⁾		487		487		0.0%		1,100		960	14.6%
Total Service Revenue		435		428		1.6%		862		844	2.1%
Wireless Revenue		309		312		-0.7%		619		618	0.1%
Service Revenue		258		252		2.3%		513		502	2.3%
Equipment Revenue		52		59		-13.3%		106		116	-9.0%
Fixed Line Revenue		180		178		1.3%		355		346	2.5%
EBITDA⁽²⁾		186		181		2.5%		459		360	27.5%
% total revenue		38.1%		37.2%				41.7%		37.5%
EBIT		89		95		-5.5%		268		187	43.4%
% total revenue		18.4%		19.4%				24.3%		19.4%
⁽¹⁾ Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income. ⁽²⁾EBITDA figures reflect the sale of towers. Adjusting for these extraordinary items, the EBITDA for the January-June period increased 3.0%.

Caribbean Operating Data

2Q23

2Q22

Var.%

Wireless Subscribers (thousands)

7,469

7,222

3.4%

Postpaid

2,211

2,157

2.5%

Prepaid

5,258

5,065

3.8%

ARPU (US$)

-2.0%

Churn (%)

3.1%

3.0%

0.1

Revenue Generating Units (RGUs)⁽¹⁾

2,750

2,673

2.9%

⁽¹⁾ Fixed Line, Broadband and Television.

Austria

261k wireless net adds

Mobile subscriber gains of 261 thousand allowed us to end the quarter with 9.5 million subscribers. This figure comprises 423 thousand mobile WiFi routers. Fixed-line RGUs came down by 25 thousand, of which 14 thousand were land-lines and seven thousand were broadband accesses, and finished June with 2.9 million RGUs.

Service revenue +2.8% YoY with mobile revenue +4.7% YoY

Revenue rose 3.9% year-on-year to reach 702 million euros in the quarter. Service revenue grew 2.8%, somewhat faster than the 1.1% observed the prior quarter partly on account of price adjustments effected during the period. Mobile service revenue increased 4.7% with postpaid revenue rising 5.4% on the back of higher subscriber gains and continued adoption of mobile WiFi routers. In the fixed-line segment, service revenue was 1.5% higher than a year before as the recovery of PayTV and broadband revenue—up 5.9% and 5.0% respectively— which resulted from price reconfiguration and from speeding up the fiber roll-out more than offset the losses of voice revenue.

EBITDA +4.3% YoY

EBITDA was up 4.3% year-on-year to 270 million euros, following top-line growth. The EBITDA margin stood at 38.4% of revenue, 20 basis points higher than a year before.


INCOME STATEMENT - Austria Millions of Euros
	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%
Total Revenue⁽¹⁾		702		676		3.9%		1,379		1,340		2.9%
Total Service Revenue		620		603		2.8%		1,214		1,191		2.0%
Wireless Revenue		318		302		5.2%		632		604		4.7%
Service Revenue		267		255		4.7%		524		504		3.8%
Equipment Revenue		51		47		8.2%		108		99		9.1%
Fixed Line Revenue		372		362		2.8%		723		709		2.0%
EBITDA		270		258		4.3%		501		503		-0.3%
% total revenue		38.4%		38.2%				36.3%		37.5%
Adjusted EBITDA⁽²⁾		286		279		2.8%		539		544		-0.9%
% total revenue		40.8%		41.2%				39.1%		40.6%
EBIT		132		123		7.6%		227		229		-1.0%
% total revenue		18.8%		18.2%				16.5%		17.1%
For further detail please visit www.al.group/en/investor-relations ⁽¹⁾ Total revenue include other income. ⁽²⁾Before restructuring charges in Austria and one-off effects.

Austria Operating Data

2Q23

2Q22

Var.%

Wireless Subscribers (thousands)⁽¹⁾

9,511

8,306

14.5%

Postpaid

8,443

7,239

16.6%

Prepaid

1,068

1,066

0.2%

ARPU (Euros)

-8.1%

Churn (%)

0.7%

0.1

Revenue Generating Units (RGUs)⁽²⁾

2,892

2,995

-3.4%

⁽¹⁾ Includes Al Digital subscribers.

⁽²⁾ Fixed Line, Broadband and Television.

Other European

41k postpaid net adds

Altogether we added 108 thousand mobile subscribers in our Eastern European operations, of which 41 thousand were postpaid. Fixed-line RGUs increased by 53 thousand units in the quarter—almost half were broadband accesses—to reach 3.4 million fixed-line RGUs, up 6.9% year-on-year.

Fixed-line service revenue +17.7% YoY

Revenue for the quarter, 604 million euros, was up 11.0% annually; this was the fastest-growing block amongst our operations. Service revenue growth slowed down to 8.4% from 11.0% the prior quarter as the mobile service revenue growth declined to 5.2% from 9.2%. Revenue on the fixed-line platform jumped 28.3% buoyed by corporate networks revenue that soared 49.9% and that of broadband and PayTV, up 15.0% and 9.0%, respectively.

Bulgaria posted the highest growth both reflecting the acquisition of STEMO in the summer of 2022 which contributed 14 million euros to our revenue base. Belarus, Croatia and Slovenia showed double digit growth of total revenue, in local currency terms.

EBITDA +9.1% YoY

With solid top line growth, EBITDA for the period increased 9.1% to 230 million euros. The margin for the period stood at 38.0% of revenue. We booked double digit growth in Bulgaria, Belarus, Croatia and Serbia in the second quarter.


INCOME STATEMENT - Other European Millions of Euros

	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%

Total Revenue⁽¹⁾		604		544		11.0%		1,191		1,052		13.2%

Total Service Revenue		468		432		8.4%		917		837		9.6%

Wireless Revenue		444		417		6.5%		884		806		9.7%

Service Revenue		339		322		5.2%		666		621		7.1%

Equipment Revenue		106		95		11.0%		219		185		18.5%

Fixed Line Revenue		148		115		28.3%		281		226		24.3%

EBITDA		230		211		9.1%		448		409		9.4%

% total revenue		38.0%		38.7%				37.6%		38.9%

EBIT		123		110		12.5%		238		211		12.9%

% total revenue		20.4%		20.2%				20.0%		20.0%

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

⁽¹⁾ Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

Other European Operating Data

2Q23

2Q22

Var.%

Wireless Subscribers (thousands)

14,975

14,969

0.0%

Postpaid

12,236

12,113

1.0%

Prepaid

2,739

2,856

-4.1%

ARPU (Euros)

7.5%

Churn (%)

1.5%

0.0

Revenue Generating Units (RGUs)⁽¹⁾

3,357

3,140

6.9%

⁽¹⁾ Fixed Line, Broadband and Television.


Exchange Rates Local Currency Units per MxP

	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%

Euro

End of Period		0.0639		0.0477		33.9%		0.0639		0.0477		33.9%

Average		0.0614		0.0468		31.1%		0.0593		0.0451		31.7%

USD

End of Period		0.0586		0.0500		17.1%		0.0586		0.0500		17.1%

Average		0.0564		0.0499		13.1%		0.0549		0.0493		11.4%

Brazilean Real

End of Period		0.2823		0.2621		7.7%		0.2823		0.2621		7.7%

Average		0.2796		0.2453		14.0%		0.2787		0.2503		11.3%

Argentinean Peso

End of Period		15.0363		6.2663		140.0%		15.0363		6.2663		140.0%

Average		13.0796		5.8822		122.4%		11.6434		5.5335		110.4%

Colombian Peso

End of Period		245.5061		206.5315		18.9%		245.5061		206.5315		18.9%

Average		250.0440		195.2361		28.1%		252.4797		192.9216		30.9%

Guatemalan Quetzal

End of Period		0.4596		0.3881		18.4%		0.4596		0.3881		18.4%

Average		0.4411		0.3837		14.9%		0.4295		0.3794		13.2%

Peruvian Sol

End of Period		0.2128		0.1916		11.0%		0.2128		0.1916		11.0%

Average		0.2090		0.1872		11.7%		0.2066		0.1864		10.8%

Dominican Republic Peso

End of Period		3.2562		2.7541		18.2%		3.2562		2.7541		18.2%

Average		3.0981		2.7555		12.4%		3.0445		2.7585		10.4%


Exchange Rates Local Currency Units per USD
	2Q23		2Q22		Var.%		Jan-Jun 23		Jan-Jun 22		Var.%
Euro
End of Period		1.0909		0.9538		14.4%		1.0909		0.9538		14.4%
Average		1.0886		0.9388		16.0%		1.0807		0.9140		18.2%
Mexican Peso
End of Period		17.0720		19.9847		-14.6%		17.0720		19.9847		-14.6%
Average		17.7203		20.0400		-11.6%		18.2124		20.2800		-10.2%
Brazilean Real
End of Period		4.8192		5.2380		-8.0%		4.8192		5.2380		-8.0%
Average		4.9544		4.9166		0.8%		5.0752		5.0756		0.0%
Argentinean Peso
End of Period		256.7000		125.2300		105.0%		256.7000		125.2300		105.0%
Average		231.7741		117.8793		96.6%		212.0552		112.2200		89.0%
Colombian Peso
End of Period		4,191.2800		4,127.4700		1.5%		4,191.2800		4,127.4700		1.5%
Average		4,430.8637		3,912.5390		13.2%		4,598.2633		3,912.4429		17.5%
Guatemalan Quetzal
End of Period		7.8458		7.7561		1.2%		7.8458		7.7561		1.2%
Average		7.8156		7.6893		1.6%		7.8221		7.6939		1.7%
Peruvian Sol
End of Period		3.6330		3.8300		-5.1%		3.6330		3.8300		-5.1%
Average		3.7042		3.7513		-1.3%		3.7620		3.7807		-0.5%
Dominican Republic Peso
End of Period		55.5900		55.0400		1.0%		55.5900		55.0400		1.0%
Average		54.9000		55.2209		-0.6%		55.4476		55.9416		-0.9%

Appendix


Financial Debt of América Móvil⁽¹⁾ Millions

	Jun -23		Dec -22

Peso - denominated debt (MxP)		106,785		97,134

Bonds⁽²⁾		66,205		53,554

Banks and others		40,580		43,580

U.S. Dollar - denominated debt (USD)		8,496		8,521

Bonds		8,496		8,496

Banks and others		0		25

Euro - denominated Debt (EUR)		7,709		7,045

Bonds		6,023		6,099

Commercial Paper		767		125

Banks and others		919		821

Sterling - denominated Debt (GBP)		2,200		2,200

Bonds		2,200		2,200

Reais - denominated Debt (BRL)		8,050		10,691

Bonds		8,050		9,050

Banks and others		0		1,641

Debt denominated in other currencies (MxP)⁽³⁾		17,685		10,220

Bonds		5,381		5,889

Banks and others		12,304		4,331

Total Debt (MxP)		489,310		510,589

Cash, Marketable Securities and Short Term Financial Investments (MxP)⁽⁴⁾		131,719		129,110

Net Debt (MxP)		357,591		381,479

⁽¹⁾ This table does not include the effect of forwards and derivatives used to hedge our foreign exchange exposure. It includes financial debt of Telekom Austria.

⁽²⁾ Includes the effect of inflation-linked debt.

⁽³⁾ Includes Peruvian soles.

⁽⁴⁾ Includes fixed income securities.


Summary Cash Flow Millions of Mexican pesos

	Jan-Jun 23		Jan-Jun 22

Funds from Operations		64,896		67,136

Capital Expenditures		64,448		65,578

Free Cash Flow⁽¹⁾		448		294

Dividends and Share Buybacks		2,596		13,144

Sale of Ownership Interest		(6,369)		19,590

Net Debt Amortizations		3,752		(44,057)

Amortization of Labor Obligations		468		11,617

⁽¹⁾ There are approximately one billion pesos directed to the provisioning to the early retirement plans in Austria that has been substracted from the Free Cash Flow in 2022.

Glossary of Terms


ARPU		Average Revenue per User. The ratio of service revenue in a given period to the average number of wireless subscribers in the same period.

Capex		Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.

Churn		Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period.

EBIT		Earnings Before Interest and Taxes, also known as Operating Profit.

EBIT margin		The ratio of EBIT to total operating revenue.

EBITDA		Earnings Before Interest, Taxes, Depreciation, and Amortization.

EBlTDAaL		Earnings Before Interest, Taxes, Depreciation, and Amortization. Adjusted after lease payments.

EBITDA margin		The ratio of EBITDA to total operating revenue.

EPS (Mexican pesos)		Earnings per share. Total earnings in Mexican pesos divided by total shares.

Earnings per ADR (US$)		Total earnings in U.S. dollars divided by total ADRs equivalent.

Cross additions		Total number of subscribers acquired during the period.

Licensed pops		Licensed population. Population covered by the licenses that each of the companies manage.

Glossary of Terms


LTE		Long-term evolution is a 4th generation standard for wireless communication of high-speed data for mobile phones and data terminals.

Market share		A company’s subscribers base divided by the total number of subscribers in that country.

MBOU		Megabytes of Use per subscriber. The ratio of wireless data in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.

Net subscriber additions		The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections

Net debt		Total short and long term debt minus cash and marketable securities.

Net debt/ EBITDA		The ratio of total short and long-term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization.

Prepaid		Subscriber that may recharge a mobile phone. The client does not hold a contract with the company.

Postpaid		Subscriber that has a contract for the use of voice and data.

SMS		Short Message Service.

SAC		Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenue.

Wireless penetration		The ratio of total wireless subscribers in any given country divided by the total population in that country.

SIGNATURE

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

Date: July 13, 2023


AMÉRICA MÓVIL, S.A.B. DE C.V.

By :		/s/ Carlos José García Moreno Elizondo
Name:		Carlos José García Moreno Elizondo
Title:		Chief Financial Officer

America Movil Sa De Cv M... (PK) (USOTC:AMXVF)
Historical Stock Chart
From Apr 2024 to May 2024

Click Here for more America Movil Sa De Cv M... (PK) Charts.

America Movil Sa De Cv M... (PK) (USOTC:AMXVF)
Historical Stock Chart
From May 2023 to May 2024

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

AMXVF America Movil Sa De Cv Mexico (PK)

America Movil Sa De Cv Mexico (PK) News

Your Recent History

Company

Business

Popular

Get The App

Trending Now

Toplists

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

AMXVF America Movil Sa De Cv Mexico (PK)

America Movil Sa De Cv Mexico (PK) News

Your Recent History

Company

Business

Popular

Get The App