證券交易委員會
華盛頓特區 20549
表格 6-K
外國私人發行人報告
根據1934年修訂後的證券交易法規則12b-15,本修訂編號1號包含了公司首席執行官和首席財務官在薩班斯·奧克斯利法案(2002年修訂版)項下必需的302和906項的基本報表附錄和證明的完整文本,日期爲本修訂日期。13a-16低於初始籃子水平10.00%(最終籃子水平低於初始籃子水平10.00%或以上),15d-16。每期分期付款應於該年的
根據1934年證券交易法第14(a)條的委託人委託的委託書
2024年10月份
委託文件編號:001-398661-16269
AMÉRICA MÓVIL, S.A.b. DE C.V.
(根據其章程規定的發行人的確切名稱)
America Mobile
(Registrant´s name的翻譯成英文)
Lago Zurich 245
Plaza Carso / Edificio Telcel
Colonia Ampliación Granada
Alcaldía Miguel Hidalgo,
11529, 墨西哥城, 墨西哥
(主要執行辦事處地址)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F 或者40-F表格。 表格20-F ☒形式 40-F ☐
如果註冊人正在提交此表格,請用勾號表示 6-K勾選此項表示提交者通過提供本表中包含的信息,同時根據規則S-T 規則101(b)(1):是☐ 否 ☒
如果註冊人正在提交此表格,請用勾號表示 6-K 根據法規,可以在紙上打印。 S-T Rule 101(b)(7): Yes ☐ No ☒
Indicate by check mark whether the registrant by furnishing the information contained in this Form 6-K is also thereby furnishing the information to the Commission pursuant to Rule 截至 2022 年 12 月 31 日的未經審計的中期財務信息 under the Securities Exchange Act of 1934. Yes ☐ 不可以
墨西哥城-América Mövil,S.a.b. de C.V.(「América」) Móvil”) [BMV:AMX] [紐約證券交易所代碼:AMX,AMOV] 今天公佈了其2024年第三季度的財務和經營業績。
• | 我們在第三季度增加了180萬訂閱者,其中包括140萬後付費。 巴西捐款29.1萬份,哥倫比亞捐款15.9萬份。 |
• | 我們的預付費平台淨增了468,000人,主要來自哥倫比亞東部地區 歐洲和阿根廷,分別爲25.1萬個、21.3萬和20萬個。 |
• | 在固定電話領域,我們連接了32.7萬個新的寬帶接入,墨西哥增加了 11.6萬人,其次是巴西,有59,000人,阿根廷有4.4萬人。 |
• | 第三季度收入總額爲223億披索,服務收入增長11.3% 同比 以墨西哥披索計算,部分反映了 同比 的貶值 墨西哥披索兌除巴西雷亞爾以外的我們業務區域的貨幣。按固定匯率計算,服務收入增長了5.5%,比上一季度公佈的4.7%有所改善。 |
• | 移動服務收入以及後付費業務均創下了一年多以來的最佳表現, 按固定匯率計算,年增長率分別爲5.2%和6.3%。 |
• | 按固定匯率計算,固定電話平台上的服務收入增長了5.9%。企業 得益於我們的網絡和商業努力,網絡和寬帶收入分別增長了10.1%和7.4%。 |
• | 以墨西哥披索計算,息稅折舊攤銷前利潤增長了11.9%,按固定匯率計算增長了6.3%。調整爲 一次性的, 主要來自塔樓的銷售,息稅折舊攤銷前利潤增長了7.3%,這反映了我們的收入擴張帶來的更大的運營槓桿作用。 |
• | 我們在本季度公佈了64億披索的淨利潤,增長了14.2% 我們的營業利潤和4.8%的綜合融資成本下降。 |
• | 在截至9月的九個月中,我們的淨融資額爲197億披索,再加上我們的 運營現金流使我們能夠支付867億披索的資本支出和329億披索的股東分配,幾乎在股票之間平均分配 回購 和分紅 付款——以及237億披索的勞動義務。 |
• | 截至9月底,我們的淨負債(不包括租賃)爲4,330億披索, 並代表一個網 債務與息稅折舊攤銷前利潤比率 比率爲 1.34 倍。 |
內容 |
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亮點 | ||||
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相關 事件 | ||||
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訂閱者 | ||||
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美洲 | ||||
Móvil | ||||
合併 | ||||
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墨西哥 | ||||
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巴西 | ||||
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哥倫比亞 | ||||
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其他南方 | ||||
美國 | ||||
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中央 | ||||
美國 還有 |
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加勒比的 | ||||
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奧地利 | ||||
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其他 | ||||
歐洲的 | ||||
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貨幣 | ||||
交換 | ||||
費率 | ||||
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附錄 | ||||
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詞彙表 | ||||
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我們將於10月16日主持電話會議,討論24年第三季度的財務和經營業績th 墨西哥城時間上午 9:00。要接聽電話會議,請登錄 www.americamovil.com/investors
美洲移動基本面 | ||||||||
3Q24 | 3Q23 | |||||||
每股收益(墨西哥披索)(1) |
0.10 | 0.03 | ||||||
每股美國存託憑證收益(美元)(2) |
0.11 | 0.04 | ||||||
每股EBITDA(墨西哥披索)(3) |
1.45 | 1.27 | ||||||
每股EBITDA(美元) |
1.54 | 1.49 | ||||||
淨利潤(墨西哥披索百萬) |
6,427 | 2,028 | ||||||
平均流通股數 (十億) |
61.5 | 63.1 | ||||||
期末流通股數 (十億) |
61.4 | 62.9 |
(1) 淨利潤 / 平均股份總數
(2) 每個ADR 20股
(3) EBITDA / 平均股份總數
截至2024年9月的美洲移動子公司 | ||||||
大陸/國家 |
Naked。 | 主要活動 | 股權 | |||
墨西哥 |
Telcel | 無線 | 100.0% | |||
Telmex | 有線 | 100.0% | ||||
阿根廷 |
Claro | 無線/有線 | 100.0% | |||
奧地利 |
A1 | 無線/有線 | 60.2% | |||
EuroTeleSites | 鐵塔 | 57.0% | ||||
巴西 |
Claro | 無線/有線 | 99.6% | |||
哥倫比亞 |
Claro | 無線/有線 | 99.4% | |||
哥斯達黎加 |
Claro | 無線/有線 | 100.0% | |||
多米尼加共和國 |
Claro | 無線/有線 | 100.0% | |||
厄瓜多爾 |
Claro | 無線/有線 | 100.0% | |||
薩爾瓦多 |
Claro | 無線/有線 | 95.8% | |||
危地馬拉 |
Claro | 無線/有線 | 99.3% | |||
洪都拉斯 |
Claro | 無線/有線 | 100.0% | |||
尼加拉瓜 |
Claro | 無線/有線 | 99.6% | |||
巴拉圭 |
Claro | 無線/固定電話 | 100.0% | |||
秘魯 |
Claro | 無線/固定電話 | 100.0% | |||
波多黎各 |
Claro | 無線/固定電話 | 100.0% | |||
烏拉圭 |
Claro | 無線 | 100.0% | |||
其他利益持股 | ||||||
大陸/國家 |
Naked。 | 主要活動 | 股權 | |||
智利 |
Claro/VTR | 無線/有線 | 50.0% |
內容 |
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亮點 | ||||
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相關 事件 | ||||
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訂閱用戶數 | ||||
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美洲 | ||||
移動 | ||||
彙總 | ||||
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墨西哥 | ||||
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巴西 | ||||
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哥倫比亞 | ||||
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其他南部 | ||||
美國 | ||||
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中環 | ||||
美國 and The |
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加勒比海 | ||||
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奧地利 | ||||
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其他 | ||||
貨幣 | ||||
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貨幣 | ||||
交易所 | ||||
利率 | ||||
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附錄 | ||||
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術語簡介 | ||||
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注意
阿根廷報告的與2024年第三季度相對應的數字是根據 IAS29 列報的 反映了通貨膨脹覈算的影響,因爲阿根廷經濟被視爲惡性通貨膨脹。爲了確保,所有以固定匯率對AméricaMóvil合併數據進行的比較都將不包括阿根廷 一致性。
相關活動
整合 ClaroVTR
10 月 3 日rd,我們獲得了國民經濟的批准 智利共和國檢察官辦公室(Fiscalía Nacional Económica)將控制ClaroVTR,該公司目前是與拉丁美洲自由組織以 50:50 的比例合資的合資企業。AMX 將從 2024 年 10 月 31 日起整合 ClaroVTR 將AMX向ClaroVTR提供的未償貸款轉換爲股權。資本化後,AMX將持有ClaroVTR約91%的所有權。
摩根士丹利資本國際ESG評級將AMX上調至 「A」
8 月 20 日th,摩根士丹利資本國際ESG評級上調了美國 Móvil的評級從 「BBB」 升至 「A」,這要歸因於該公司的可持續發展努力,尤其是我們在運營中在網絡安全實踐和數據隱私政策方面取得的進展,以及 公司治理的改善。這標誌着摩根士丹利資本國際公司三年來第三次上調評級。
接入線路
140萬後付費淨增量
在第三季度,我們增加了180萬訂閱者,其中140萬是後付費。巴西 貢獻了29.1萬人,哥倫比亞貢獻了15.9萬人,墨西哥貢獻了10.8萬名後付費用戶。我們的預付費板塊淨增了46.8萬個,其中哥倫比亞爲25.1萬個,東歐爲21.3萬個 阿根廷有20萬個,但在巴西登記了34.3萬次中斷,在墨西哥登記了13.6萬次。截至9月,我們的無線用戶群達到3.158億,其中包括1.26億後付費客戶。 我們的後付費基礎增長了5.9% 同比 而我們的預付基礎爲1.4%
32.7萬個新的寬帶接入
在固定電話段中,我們連接了327,000 寬帶接入:墨西哥爲11.6萬次,巴西爲59,000次,阿根廷爲4.4萬次。但是,我們斷開了83,000條語音線路和30,000個付費電視設備。我們在本季度末擁有7,460萬個RGU, 其中包括3320萬個寬帶接入,1,280萬個付費電視客戶和2,850萬個固定電話。固定寬帶接入增長了5.2%。
內容 |
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亮點 | ||||
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相關 事件 | ||||
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訂閱者 | ||||
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美洲 | ||||
Móvil | ||||
合併 | ||||
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墨西哥 | ||||
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巴西 | ||||
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哥倫比亞 | ||||
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其他南方 | ||||
美國 | ||||
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中央 | ||||
美國 還有 |
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加勒比的 | ||||
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奧地利 | ||||
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其他 | ||||
歐洲的 | ||||
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貨幣 | ||||
交換 | ||||
費率 | ||||
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附錄 | ||||
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詞彙表 | ||||
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Wireless subscribers as of September 2024 | ||||||||||||||||||||
Total(1) (Thousands) |
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Country |
Sep ’24 | Jun ’24 | Var. | % | Sep ’23 | Var. | % | |||||||||||||
Argentina, Paraguay and Uruguay |
28,840 | 28,531 | 1.1 | % | 27,614 | 4.4 | % | |||||||||||||
Austria(2) |
11,320 | 10,887 | 4.0 | % | 9,917 | 14.1 | % | |||||||||||||
Brazil |
88,276 | 88,328 | -0.1 | % | 85,032 | 3.8 | % | |||||||||||||
Central America |
16,969 | 16,786 | 1.1 | % | 16,947 | 0.1 | % | |||||||||||||
The Caribbean |
7,836 | 7,743 | 1.2 | % | 7,525 | 4.1 | % | |||||||||||||
Colombia |
40,597 | 40,187 | 1.0 | % | 38,701 | 4.9 | % | |||||||||||||
Eastern Europe |
15,347 | 15,062 | 1.9 | % | 15,215 | 0.9 | % | |||||||||||||
Ecuador |
9,689 | 9,610 | 0.8 | % | 9,361 | 3.5 | % | |||||||||||||
Mexico |
84,171 | 84,199 | 0.0 | % | 83,417 | 0.9 | % | |||||||||||||
Peru |
12,772 | 12,662 | 0.9 | % | 12,447 | 2.6 | % | |||||||||||||
Total Wireless Lines |
315,816 | 313,995 | 0.6 | % | 306,176 | 3.1 | % |
(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.
(2) Includes A1 Digital M2M subscribers.
Fixed-Line and Other Accesses (RGUs) as of September 2024 | ||||||||||||||||||||
Total(1) (Thousands) |
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Country |
Sep ’24 | Jun ’24 | Var. | % | Sep ’23 | Var. | % | |||||||||||||
Argentina, Paraguay and Uruguay |
3,930 | 3,825 | 2.7 | % | 3,417 | 15.0 | % | |||||||||||||
Austria |
2,754 | 2,782 | -1.0 | % | 2,872 | -4.1 | % | |||||||||||||
Brazil |
22,509 | 22,697 | -0.8 | % | 23,262 | -3.2 | % | |||||||||||||
Central America |
5,120 | 5,027 | 1.8 | % | 4,834 | 5.9 | % | |||||||||||||
The Caribbean |
2,829 | 2,827 | 0.1 | % | 2,768 | 2.2 | % | |||||||||||||
Colombia |
9,561 | 9,521 | 0.4 | % | 9,413 | 1.6 | % | |||||||||||||
Eastern Europe |
3,539 | 3,501 | 1.1 | % | 3,378 | 4.7 | % | |||||||||||||
Ecuador |
579 | 560 | 3.4 | % | 555 | 4.3 | % | |||||||||||||
Mexico |
21,815 | 21,724 | 0.4 | % | 20,999 | 3.9 | % | |||||||||||||
Peru |
1,948 | 1,904 | 2.3 | % | 1,951 | -0.2 | % | |||||||||||||
Total RGUs |
74,582 | 74,368 | 0.3 | % | 73,449 | 1.5 | % |
(1) Fixed Line, Broadband and Television (Cable & DTH).
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Highlights | ||||
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Relevant events | ||||
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Subscribers | ||||
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América | ||||
Móvil | ||||
Consolidated | ||||
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Mexico | ||||
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Brazil | ||||
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Colombia | ||||
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Other South | ||||
America | ||||
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Central | ||||
America and The |
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Caribbean | ||||
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Austria | ||||
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Other | ||||
European | ||||
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Currency | ||||
Exchange | ||||
Rates | ||||
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Appendix | ||||
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Glossary | ||||
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Broadband accesses as of September 2024 | ||||||||||||||||||||
Total(1) (Thousands) |
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Country |
Sep ’24 | Jun ’24 | Var. | % | Sep ’23 | Var. | % | |||||||||||||
Argentina, Paraguay and Uruguay |
1,639 | 1,587 | 3.3 | % | 1,390 | 17.9 | % | |||||||||||||
Austria |
1,258 | 1,268 | -0.8 | % | 1,288 | -2.3 | % | |||||||||||||
Brazil |
10,204 | 10,145 | 0.6 | % | 9,930 | 2.8 | % | |||||||||||||
Central America |
1,645 | 1,603 | 2.6 | % | 1,515 | 8.5 | % | |||||||||||||
The Caribbean |
1,076 | 1,073 | 0.3 | % | 1,036 | 3.8 | % | |||||||||||||
Colombia |
3,421 | 3,406 | 0.4 | % | 3,360 | 1.8 | % | |||||||||||||
Eastern Europe |
1,511 | 1,493 | 1.2 | % | 1,425 | 6.0 | % | |||||||||||||
Ecuador |
344 | 333 | 3.3 | % | 313 | 10.0 | % | |||||||||||||
Mexico |
11,077 | 10,962 | 1.1 | % | 10,324 | 7.3 | % | |||||||||||||
Peru |
1,048 | 1,027 | 2.0 | % | 992 | 5.6 | % | |||||||||||||
Total Broadband Accesses |
33,224 | 32,897 | 1.0 | % | 31,573 | 5.2 | % |
(1) Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated.
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Subscribers | ||||
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América | ||||
Móvil | ||||
Consolidated | ||||
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Mexico | ||||
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Brazil | ||||
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Colombia | ||||
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Other South | ||||
America | ||||
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Central | ||||
America and The |
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Caribbean | ||||
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Austria | ||||
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Other | ||||
European | ||||
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Currency | ||||
Exchange | ||||
Rates | ||||
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Appendix | ||||
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Glossary | ||||
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América Móvil Consolidated Results
Interest rates in the U.S. and several other countries continued their downward trend in the third quarter, with 10-year U.S. Treasury yields falling 85 basis points from the beginning of the quarter through mid-September to a low of 3.61%. The decline was driven by concern about the cooling U.S. economy and its corresponding impact on the labor market. It prompted the Fed to finally declare its first discount-rate reduction in 2.5 years—a period in which it brought about a five percentage point increase in such rate to 5.25%. By the end of the third quarter 10-year yields had bounced back to under 3.8%. Shortly after the end of the quarter they had risen above 4% on the back of unexpectedly strong non-farm payroll numbers for September, wiping out half of the reduction that had taken place through mid-September. Throughout the quarter central-bank discount rates fell by 50 basis points in Mexico and Peru, one percentage point in Colombia and 25 basis points in Chile, but were going up once again in Brazil, by 25 basis points.
Third quarter revenue totaled 223 billion pesos, with service revenue expanding 11.3% in Mexican peso terms, partly reflecting the depreciation of the Mexican peso vs. most of the currencies in our region of operations—with the notable exception of the Brazilian real—relative to the year-earlier quarter: approximately 10% vs. both the dollar and the euro, 8% vs. the Colombian peso and 12% vs the Peruvian sol. At constant exchange rates service revenue was up 5.5% year-on-year, an improvement on the 4.7% rate observed the prior quarter.
Mobile service revenue growth accelerated somewhat from the prior quarter to 5.2%, posting its best performance in over a year on the back of postpaid revenue growth. On the fixed-line space broadband revenue decelerated slightly from the prior quarter, to 7.4%, whereas corporate networks revenue growth, at 10.1%, was faster than in the precedent quarter.
Brazil and Colombia continued their trend over the last year of posting improved revenue growth every quarter. Central America presented better growth rates than in the precedent two quarters while Mexico and Peru maintained their pace.
Third quarter EBITDA came in at 89.4 billion pesos, an 11.9% increase over the year-earlier quarter in Mexican peso terms and 6.3% at constant exchange rates. Adjusted for one-offs associated mainly with tower sales, EBITDA was up 7.3%, its second fastest pace in at least five quarters.
Our operating profit reached 47.4 billion pesos. It was up 14.2% in Mexican peso terms and 10% at constant exchange rates. Adjusted for one-offs as mentioned above, our operating profit increased 12.1% at constant exchange rates.
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Subscribers | ||||
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América | ||||
Móvil | ||||
Consolidated | ||||
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Mexico | ||||
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Brazil | ||||
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Colombia | ||||
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Other South | ||||
America | ||||
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Central | ||||
America and The |
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Caribbean | ||||
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Austria | ||||
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Other | ||||
European | ||||
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Currency | ||||
Exchange | ||||
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We posted a net profit of 6.4 billion pesos in the quarter, nearly trebling the one obtained a year before. It was equivalent to 10 pesos cents per share or 11 dollar cents per ADR. It came about on the back of a higher operating profit, as mentioned above, but also as comprehensive financing costs came down 4.8% relative to the same period of 2023, to 28.3 billion pesos.
Our net debt ended September at 433 billion pesos, having increased by 47.3 billion pesos relative to December 2023, partly reflecting the impact of the depreciation of the Mexican peso on our non-peso financial obligations. In cash flow terms our net debt increased by 19.7 billion pesos. In the nine months to September, our capital expenditures totaled 86.7 billion pesos, shareholder distributions 32.9 billion pesos—split almost evenly between share buy-backs and dividend payments—and reduced labor obligations in the amount of 23.7 billion pesos. Our net debt excluding leases to EBITDAaL ratio ended September at 1.34x LTM EBITDA.
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América Móvil’s Income Statement Millions of Mexican pesos |
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3Q24 | 3Q23 | Var.% | Jan-Sep 24 | Jan-Sep 23 | Var.% | |||||||||||||||||||
Service Revenue |
188,170 | 169,052 | 11.3 | % | 534,198 | 507,310 | 5.3 | % | ||||||||||||||||
Equipment Revenue |
32,247 | 31,105 | 3.7 | % | 90,260 | 93,441 | -3.4 | % | ||||||||||||||||
Other Revenue |
3,041 | 3,685 | -17.5 | % | 7,822 | 14,549 | -46.2 | % | ||||||||||||||||
Total Revenue |
223,458 | 203,842 | 9.6 | % | 632,280 | 615,300 | 2.8 | % | ||||||||||||||||
Cost of Service |
56,611 | 51,989 | 8.9 | % | 160,684 | 155,144 | 3.6 | % | ||||||||||||||||
Cost of Equipment |
28,125 | 27,120 | 3.7 | % | 77,856 | 82,035 | -5.1 | % | ||||||||||||||||
Selling, General & Administrative Expenses |
47,364 | 43,189 | 9.7 | % | 135,654 | 131,043 | 3.5 | % | ||||||||||||||||
Others |
1,937 | 1,648 | 17.5 | % | 4,966 | 5,775 | -14.0 | % | ||||||||||||||||
Total Costs and Expenses |
134,036 | 123,947 | 8.1 | % | 379,160 | 373,997 | 1.4 | % | ||||||||||||||||
EBITDA |
89,422 | 79,896 | 11.9 | % | 253,120 | 241,303 | 4.9 | % | ||||||||||||||||
% of Total Revenue |
40.0 | % | 39.2 | % | 40.0 | % | 39.2 | % | ||||||||||||||||
Adjusted EBITDA(1) |
89,154 | 78,898 | 13.0 | % | 252,596 | 235,704 | 7.2 | % | ||||||||||||||||
% of Total Revenue |
39.9 | % | 38.9 | % | 40.0 | % | 38.8 | % | ||||||||||||||||
Depreciation & Amortization |
41,979 | 38,353 | 9.5 | % | 119,411 | 115,327 | 3.5 | % | ||||||||||||||||
EBIT |
47,443 | 41,543 | 14.2 | % | 133,709 | 125,976 | 6.1 | % | ||||||||||||||||
% of Total Revenue |
21.2 | % | 20.4 | % | 21.1 | % | 20.5 | % | ||||||||||||||||
Net Interest Expenses |
11,464 | 8,811 | 30.1 | % | 34,410 | 25,650 | 34.2 | % | ||||||||||||||||
Other Financial Expenses |
-7,722 | 8,674 | -189.0 | % | -10,541 | 21,313 | -149.5 | % | ||||||||||||||||
Foreign Exchange Loss |
24,582 | 12,255 | 100.6 | % | 58,373 | -15,494 | n.m. | |||||||||||||||||
Comprehensive Financing Cost (Income) |
28,323 | 29,740 | -4.8 | % | 82,241 | 31,469 | 161.3 | % | ||||||||||||||||
Income & Deferred Taxes |
9,622 | 6,350 | 51.5 | % | 25,061 | 29,113 | -13.9 | % | ||||||||||||||||
Net Income before Minority Interest and Equity Participation in Results of Affiliates |
9,498 | 5,453 | 74.2 | % | 26,407 | 65,394 | -59.6 | % | ||||||||||||||||
Equity Participation in Results of Affiliates |
-1,647 | -2,119 | 22.3 | % | -4,372 | -3,731 | -17.2 | % | ||||||||||||||||
Minority Interest |
-1,424 | -1,306 | -9.0 | % | -3,207 | -3,614 | 11.3 | % | ||||||||||||||||
Net Income |
6,427 | 2,028 | 216.8 | % | 18,828 | 58,049 | -67.6 | % |
(1) Adjusted for extraordinary items, particularly the sale of towers in 2023 by Claro Peru, Claro Dominicana and Telmex; and a portion in 2024 by Telmex.
n.m. Not meaningful.
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Balance Sheet - América Móvil Consolidated(1) Millions of Mexican Pesos |
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Sep ‘24 | Dec ‘23 | Var.% | Sep ‘24 | Dec ‘23 | Var.% | |||||||||||||||||||||
Current Assets |
Current Liabilities | |||||||||||||||||||||||||
Cash, Marketable Securities & Other Short Term Investments |
82,809 | 100,353 | -17.5 | % | Short Term Debt | 114,542 | 160,964 | -28.8 | % | |||||||||||||||||
Accounts Receivable |
238,578 | 208,248 | 14.6 | % | Lease-Related Debt(2) | 34,627 | 24,375 | 42.1 | % | |||||||||||||||||
Other Current Assets |
20,140 | 12,294 | 63.8 | % | Accounts Payable | 143,045 | 147,904 | -3.3 | % | |||||||||||||||||
Inventories |
25,247 | 19,272 | 31.0 | % | Other Current Liabilities | 215,879 | 182,003 | 18.6 | % | |||||||||||||||||
366,774 | 340,167 | 7.8 | % | 508,092 | 515,246 | -1.4 | % | |||||||||||||||||||
Non Current Assets |
Non Current Liabilities |
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Plant & Equipment, gross |
1,473,858 | 1,233,364 | 19.5 | % | Long Term Debt | 428,167 | 339,713 | 26.0 | % | |||||||||||||||||
-Depreciation |
788,546 | 604,713 | 30.4 | % | Lease-Related Debt(2) | 178,796 | 100,794 | 77.4 | % | |||||||||||||||||
Plant & Equipment, net |
685,312 | 628,651 | 9.0 | % | Other Liabilities | 193,816 | 186,730 | 3.8 | % | |||||||||||||||||
Rights of Use(2) |
199,867 | 113,568 | 76.0 | % | 800,779 | 627,238 | 27.7 | % | ||||||||||||||||||
Investments in Affiliates and Other Investments |
37,138 | 29,295 | 26.8 | % | ||||||||||||||||||||||
Deferred Assets |
||||||||||||||||||||||||||
Goodwill (Net) |
157,305 | 146,079 | 7.7 | % | ||||||||||||||||||||||
Intangible Assets |
144,603 | 121,499 | 19.0 | % | Shareholder’s Equity | 477,026 | 421,702 | 13.1 | % | |||||||||||||||||
Deferred Assets |
194,898 | 184,927 | 5.4 | % | ||||||||||||||||||||||
Total Assets |
1,785,897 | 1,564,186 | 14.2 | % | Total Liabilities and Equity | 1,785,897 | 1,564,186 | 14.2 | % |
(1) Includes current portion of Long Term Debt.
(2) Renewal of a 10-year contract between Telcel and Telesites.
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Mexico
108k postpaid gains & 116k new broadband accesses
We added 108 thousand postpaid subscribers in the third quarter and disconnected 136 thousand prepaids to finish September with 84.2 million subscribers. On the fixed-line platform we obtained 116 thousand new broadband accesses but disconnected 25 thousand landlines.
Fixed-line service revenue +5.7% YoY
Our Mexican revenue totaled 83.8 billion pesos for the quarter, a 2.3% year-on-year increase, driven by 4.4% growth in service revenue. Fixed-line service revenue expanded by 5.7%, buoyed by a 12.8% jump in corporate networks revenue as Telmex continues to make inroads in IT solutions, particularly in cloud services and cybersecurity. Additionally, broadband revenue rose by 6.4%, thanks to continued commercial efforts to provide value offers with high-speed fiber access and attractive content from our streaming partners. Mobile service revenue climbed by 3.8%, with both prepaid and postpaid revenue growth remaining steady from the prior quarter.
EBITDA +5.4% YoY
Operating leverage allowed for EBITDA to increase by 5.4% year-on-year to 35.1 billion pesos. The EBITDA margin improved by 1.2 percentage points from the year-earlier quarter, reaching 41.9%. Adjusted for Telmex tower sales in both periods, EBITDA was up 7.7%. Our operating profit increased by 8.4% year-on-year.
INCOME STATEMENT - Mexico Millions of MxP |
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3Q24 | 3Q23 | Var.% | Jan-Sep 24 | Jan-Sep 23 | Var.% | |||||||||||||||||||
Total Revenue(1) |
83,796 | 81,904 | 2.3% | 248,173 | 239,970 | 3.4% | ||||||||||||||||||
Total Service Revenue |
65,382 | 62,637 | 4.4% | 195,815 | 185,876 | 5.3% | ||||||||||||||||||
Wireless Revenue |
60,331 | 59,626 | 1.2% | 178,995 | 175,593 | 1.9% | ||||||||||||||||||
Service Revenue |
44,563 | 42,931 | 3.8% | 133,214 | 127,444 | 4.5% | ||||||||||||||||||
Equipment Revenue |
15,768 | 16,695 | -5.6% | 45,781 | 48,149 | -4.9% | ||||||||||||||||||
Fixed Line Revenue(2) |
20,902 | 19,817 | 5.5% | 62,822 | 58,742 | 6.9% | ||||||||||||||||||
Other Revenue |
2,563 | 2,461 | 4.2% | 6,357 | 5,636 | 12.8% | ||||||||||||||||||
EBITDA |
35,138 | 33,327 | 5.4% | 105,767 | 97,989 | 7.9% | ||||||||||||||||||
% total revenue |
41.9% | 40.7% | 42.6% | 40.8% | ||||||||||||||||||||
Adjusted EBITDA(3) |
34,871 | 32,390 | 7.7% | 105,243 | 97,053 | 8.4% | ||||||||||||||||||
% total revenue |
41.7% | 40.0% | 42.5% | 40.6% | ||||||||||||||||||||
EBIT |
26,732 | 24,654 | 8.4% | 80,632 | 72,385 | 11.4% | ||||||||||||||||||
% total revenue |
31.9% | 30.1% | 32.5% | 30.2% |
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.
(2)Includes equipment revenue.
(3) Adjusted for the sale of towers in Telmex in 2024 and 2023.
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Mexico Operating Data
3Q24 | 3Q23 | Var.% | ||||||||||
Wireless Subscribers (thousands) |
84,171 | 83,417 | 0.9% | |||||||||
Postpaid |
15,310 | 14,889 | 2.8% | |||||||||
Prepaid |
68,860 | 68,527 | 0.5% | |||||||||
ARPU (MxP) |
177 | 173 | 2.6% | |||||||||
Churn (%) |
3.2% | 3.1% | 0.1 | |||||||||
Revenue Generating Units (RGUs)(1) |
21,815 | 20,999 | 3.9% | |||||||||
Fixed Lines |
10,737 | 10,675 | 0.6% | |||||||||
Broadband |
11,077 | 10,324 | 7.3% |
(1) Fixed Line and Broadband.
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Brazil
291k postpaid net adds & 59k new broadband accesses
In the third quarter, we gained 291 thousand postpaid subscribers in Brazil but disconnected 343 thousand prepaid subscribers as part of a clean-up. Our wireless base ended September with 88.3 million clients. On the fixed-line platform, we added 59 thousand broadband accesses and disconnected 92 thousand PayTV suscriptions—the smallest disconnection in two years—finishing the quarter with 22.5 million RGUs.
Fixed-line service revenue +4.1%, best performance in eight years
Revenue totaled 12.3 billion reais, up 7.4% year-on-year, with service revenue expanding 7.2%. Mobile service revenue increased 9.8%, the fastest pace in over a year, driven by a 12.5% growth in postpaid revenue. Fixed-line service revenue grew 4.1%, its best performance in eight years, with both corporate networks and broadband revenue rising approximately 9%, also the fastest pace in over a year. PayTV revenue declined 3.7%, the smallest reduction in seven years. Claro continues to leverage its strong commercial offering, capitalizing on its network, data-center infrastructure, distribution, and customer care to benefit clients in both residential and corporate segments.
EBITDA +13.2% YoY
EBITDA jumped 13.2% year-on-year in the third quarter to 5.4 billion reais, with the EBITDA margin increasing by 2.3 percentage points to 43.9% due to greater operating leverage from strong revenue growth in both the fixed-line and mobile platforms. Our operating profit surged by 35.9% to 2.3 billion reais.
INCOME STATEMENT - Brazil Millions of BrL
3Q24
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3Q23
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Var.%
|
Jan-Sep 24
|
Jan-Sep 23
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Var.%
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|||||||||||||||||||
Total Revenue(1) |
12,339 | 11,489 | 7.4% | 36,112 | 33,930 | 6.4% | ||||||||||||||||||
Total Service Revenue |
11,711 | 10,924 | 7.2% | 34,351 | 32,381 | 6.1% | ||||||||||||||||||
Wireless Revenue |
7,224 | 6,526 | 10.7% | 21,013 | 19,133 | 9.8% | ||||||||||||||||||
Service Revenue |
6,619 | 6,030 | 9.8% | 19,304 | 17,693 | 9.1% | ||||||||||||||||||
Equipment Revenue |
606 | 496 | 22.0% | 1,709 | 1,440 | 18.7% | ||||||||||||||||||
Fixed Line Revenue(2) |
5,104 | 4,894 | 4.3% | 15,059 | 14,688 | 2.5% | ||||||||||||||||||
EBITDA |
5,416 | 4,784 | 13.2% | 15,692 | 14,000 | 12.1% | ||||||||||||||||||
% total revenue |
43.9% | 41.6% | 43.5% | 41.3% | ||||||||||||||||||||
EBIT |
2,291 | 1,686 | 35.9% | 6,281 | 4,786 | 31.2% | ||||||||||||||||||
% total revenue |
18.6% | 14.7% | 17.4% | 14.1% |
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2) Includes equipment revenue.
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Brazil Operating Data
3Q24 | 3Q23 | Var.% | ||||||||||
Wireless Subscribers (thousands) |
88,276 | 85,032 | 3.8% | |||||||||
Postpaid |
53,242 | 49,698 | 7.1% | |||||||||
Prepaid |
35,035 | 35,334 | -0.8% | |||||||||
ARPU (BrL) |
25 | 24 | 4.8% | |||||||||
Churn (%) |
2.6% | 2.5% | 0.1 | |||||||||
Revenue Generating Units (RGUs)(1) |
22,509 | 23,262 | -3.2% | |||||||||
Fixed Lines |
7,506 | 8,041 | -6.6% | |||||||||
Broadband |
10,204 | 9,930 | 2.8% | |||||||||
PayTV |
4,798 | 5,291 | -9.3% |
(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.
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Colombia
410k wireless net adds
After 410 thousand net additions, our wireless subscriber base finished September with 40.6 million, a 4.9% year-on-year increase. Postpaid net additions totaled 159 thousand and led to a 5.4% increase in our postpaid base, thereby outpacing prepaid growth. On the fixed-line platform we gained 40 thousand fixed-line RGUs: 19 thousand landlines, 15 thousand broadband accesses, and six thousand PayTV subscriptions. We ended the quarter with 9.6 million fixed-line RGUs, 1.6% more than last year.
Service revenue +4.5% YoY
Third quarter revenue rose 4.5% from the year-earlier quarter to 3.9 trillion Colombian pesos, matching the increase in service revenue. It was the highest growth rate in three years. Mobile service revenue growth accelerated from 2.5% in the prior quarter to 4.0% in the current period. The primary driver was the prepaid segment, which experienced a revenue increase of 4.1%, up from 1.8% in the second quarter. Fixed-line service revenue growth also showed improvement, increasing 5.2%, compared to 3.4% in the previous quarter. Broadband and PayTV revenue had their best performance in at least four quarters.
EBITDA +4.1% YoY
Claro’s EBITDA increased 4.1% year-over-year to 1.6 trillion Colombian pesos. The EBITDA margin for the period stood at 42.2% of revenue, practically flat from a year before.
INCOME STATEMENT - Colombia Billions of COP
3Q24 | 3Q23 | Var.% | Jan-Sep 24 | Jan-Sep 23 | Var.% | |||||||||||||||||||
Total Revenue(1) |
3,905 | 3,739 | 4.5% | 11,534 | 11,269 | 2.4% | ||||||||||||||||||
Total Service Revenue |
2,999 | 2,871 | 4.5% | 8,903 | 8,657 | 2.8% | ||||||||||||||||||
Wireless Revenue |
2,620 | 2,491 | 5.2% | 7,690 | 7,554 | 1.8% | ||||||||||||||||||
Service Revenue |
1,787 | 1,719 | 4.0% | 5,271 | 5,153 | 2.3% | ||||||||||||||||||
Equipment Revenue |
833 | 772 | 7.9% | 2,419 | 2,401 | 0.7% | ||||||||||||||||||
Fixed Line Revenue(2) |
1,242 | 1,181 | 5.2% | 3,711 | 3,578 | 3.7% | ||||||||||||||||||
EBITDA |
1,646 | 1,581 | 4.1% | 4,777 | 4,696 | 1.7% | ||||||||||||||||||
% total revenue |
42.2% | 42.3% | 41.4% | 41.7% | ||||||||||||||||||||
EBIT |
734 | 763 | -3.8% | 2,157 | 2,360 | -8.6% | ||||||||||||||||||
% total revenue |
18.8% | 20.4% | 18.7% | 20.9% |
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2)Includes equipment revenue.
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Colombia Operating Data | ||||||||||||||||||
3Q24 | 3Q23 | Var.% | ||||||||||||||||
Wireless Subscribers (thousands)(1) |
40,597 | 38,701 | 4.9% | |||||||||||||||
Postpaid |
10,684 | 10,134 | 5.4% | |||||||||||||||
Prepaid |
29,913 | 28,567 | 4.7% | |||||||||||||||
ARPU (COP) |
14,831 | 14,942 | -0.7% | |||||||||||||||
Churn (%) |
3.0% | 3.4% | (0.4) | |||||||||||||||
Revenue Generating Units (RGUs)(2) |
9,561 | 9,413 | 1.6% |
(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.
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||||
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America and The |
||||
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||||
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||||
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||||
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Appendix | ||||
|
||||
Glossary | ||||
|
Peru
110k wireless net adds
Net additions of 110 thousand subscribers in the third quarter, most of them postpaid, brought our wireless subscriber base to 12.8 million, a 2.6% increase from last year. Additionally, we connected 21 thousand broadband accesses, 20 thousand landlines, and three thousand PayTV subscriptions. At the end of September, fixed-line RGUs stood at 1.9 million.
Service revenue +5.5% YoY
Third-quarter revenue totaled 1.7 billion soles, up 4.1% compared to the same period a year before. Service revenue increased 5.5%, with mobile service revenue growing in line and fixed-line service revenue rising 5.8% buoyed by corporate networks revenue that jumped 33.5%.
EBITDA margin at 37.9% of revenue
EBITDA of 640 million soles was 6.9% higher than that of the same period of the prior year, with the EBITDA margin climbing one percentage point to 37.9%. The annual comparison is affected by extraordinary revenue booked in 2023 associated with the sale of tower assets; adjusting for this effect, EBITDA increased 14.6%.
INCOME STATEMENT - Peru Millions of Soles |
|
|||||||||||||||||||||||
3Q24 | 3Q23 | Var.% | Jan-Sep 24 | Jan-Sep 23 | Var.% | |||||||||||||||||||
Total Revenue(1) |
1,690 | 1,624 | 4.1% | 4,935 | 5,623 | -12.2% | ||||||||||||||||||
Total Service Revenue |
1,303 | 1,235 | 5.5% | 3,850 | 3,644 | 5.6% | ||||||||||||||||||
Wireless Revenue |
1,357 | 1,250 | 8.5% | 3,942 | 3,822 | 3.1% | ||||||||||||||||||
Service Revenue |
980 | 929 | 5.5% | 2,884 | 2,744 | 5.1% | ||||||||||||||||||
Equipment Revenue |
377 | 321 | 17.4% | 1,057 | 1,078 | -1.9% | ||||||||||||||||||
Fixed Line Revenue(2) |
323 | 306 | 5.8% | 965 | 900 | 7.2% | ||||||||||||||||||
Other Revenue |
10 | 68 | -85.2% | 28 | 901 | -96.8% | ||||||||||||||||||
EBITDA |
640 | 599 | 6.9% | 1,863 | 2,349 | -20.7% | ||||||||||||||||||
% total revenue |
37.9% | 36.9% | 37.8% | 41.8% | ||||||||||||||||||||
Adjusted EBITDA(3) |
640 | 558 | 14.6% | 1,863 | 1,700 | 9.6% | ||||||||||||||||||
% total revenue |
37.9% | 35.7% | 37.8% | 35.9% | ||||||||||||||||||||
EBIT |
311 | 280 | 11.1% | 879 | 1,374 | -36.0% | ||||||||||||||||||
% total revenue |
18.4% | 17.2% | 17.8% | 24.4% |
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.
(2) Includes equipment revenue.
(3) Adjusted for the sale of towers in 2023.
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Peru Operating Data |
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3Q24 | 3Q23 | Var.% | ||||||||||
Wireless Subscribers (thousands) |
12,772 | 12,447 | 2.6% | |||||||||
Postpaid |
6,279 | 5,908 | 6.3% | |||||||||
Prepaid |
6,493 | 6,539 | -0.7% | |||||||||
ARPU (Sol) |
26 | 25 | 2.4% | |||||||||
Churn (%) |
4.1% | 4.2% | (0.2) | |||||||||
Revenue Generating Units (RGUs)(1) |
1,948 | 1,951 | -0.2% |
(1) Fixed Line, Broadband and Television.
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||||
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Ecuador
Ecuador is still facing significant economic challenges, including a slowdown in economic growth due to rising insecurity, disruptions in oil production and climate-related events. The country is struggling with liquidity constraints, a large financing shortfall and an energy crisis, primarily due to a severe drought that has led to power cuts across the country.
79k wireless net adds
Despite this challenging scenario, Claro has made concerted efforts for customers to remain connected even during service interruptions and stayed commercially active. Mobile net additions increased from a year before to 79 thousand new subs, most of them prepaids, to finish the quarter with 9.7 million subs. Mobile connectivity has been a lifeline amid power-cuts which often interrupt broadband access. Still, our commercial efforts allowed us to connect 11 thousand new broadband accesses and fixed-line RGUs stood at 579 thousand at the end of September.
EBITDA margin at 49% of revenue
Revenue declined 2.3% over the year to 253 million dollars, as service revenue fell 1.5% on the back of mobile revenue contracting 1.9%. Fixed-line service revenue was up 1.6%, albeit from a small base. The quarter’s EBITDA, 124 million dollars, was down 1.4% from a year before, but the EBITDA margin increased 40 basis points in the period, to 49.0%.
INCOME STATEMENT - Ecuador Millions of Dollars |
|
|||||||||||||||||||||||
3Q24 | 3Q23 | Var.% | Jan-Sep 24 | Jan-Sep 23 | Var.% | |||||||||||||||||||
Total Revenue(1) |
253 | 259 | -2.3% | 764 | 779 | -1.9% | ||||||||||||||||||
Total Service Revenue |
225 | 228 | -1.5% | 677 | 683 | -0.9% | ||||||||||||||||||
Wireless Revenue |
226 | 231 | -2.3% | 679 | 697 | -2.6% | ||||||||||||||||||
Service Revenue |
198 | 202 | -1.9% | 597 | 604 | -1.2% | ||||||||||||||||||
Equipment Revenue |
27 | 29 | -5.1% | 82 | 93 | -11.3% | ||||||||||||||||||
Fixed Line Revenue(2) |
27 | 27 | -0.5% | 81 | 80 | 0.5% | ||||||||||||||||||
EBITDA |
124 | 126 | -1.4% | 371 | 376 | -1.5% | ||||||||||||||||||
% total revenue |
49.0% | 48.6% | 48.5% | 48.3% | ||||||||||||||||||||
EBIT |
69 | 70 | -1.5% | 206 | 210 | -1.6% | ||||||||||||||||||
% total revenue |
27.1% | 26.9% | 27.0% | 26.9% |
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2) Includes equipment revenue.
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Ecuador Operating Data |
| |||||||||||
3Q24 | 3Q23 | Var.% | ||||||||||
Wireless Subscribers (thousands) |
9,689 | 9,361 | 3.5% | |||||||||
Postpaid |
2,274 | 2,268 | 0.3% | |||||||||
Prepaid |
7,416 | 7,093 | 4.5% | |||||||||
ARPU (US$) |
7 | 7 | -5.2% | |||||||||
Churn (%) |
2.8% | 3.1% | (0.3) | |||||||||
Revenue Generating Units (RGUs)(1) |
579 | 555 | 4.3% |
(1) Fixed Line, Broadband and Television.
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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.
276k wireless net adds
We added 276 thousand wireless subscribers in the third quarter, of which 76 thousand were contract clients, ending the period with 25.6 million wireless subs, 4.5% more than a year before. On the fixed-line platform we obtained 100 thousand RGUs, including 44 thousand broadband accesses and 11 thousand PayTV clients, to reach a total of 3.6 million RGUs, 15.7% more than in September 2023.
Service revenue +17.2% YoY
Our third quarter revenue totaled 493.7 billion Argentinean pesos, marking a 10.0% year-on-year increase in real terms. Service revenue growth accelerated to 17.2%, compared to 9.3% in the second quarter and -9.0% in the first quarter. This acceleration stems from eased inflationary pressures that allowed mobile service revenue to pick up from 5.6% in the previous quarter to 13.7% in the current period. The biggest swing comes from the prepaid segment, in which revenue increased 11.9%, following a 17.9% decline in the prior quarter. Fixed-line service revenue jumped 33.3% on the back of our continued fiber-optic rollout and strong commercial activity. Broadband revenue soared 50.7% in the period and PayTV revenue 38.4%.
EBITDA +11.7% YoY
The quarter’s EBITDA, reflecting revenue improvement and better cost management amid declining inflation, expanded by 11.7% year-on-year. The EBITDA margin was equivalent to 39.5% of revenue, 60 basis points higher than that of a year before.
INCOME STATEMENT - Argentina Millions of Constant ARS as of September 2024 |
| |||||||||||||||||||||||
3Q24 | 3Q23 | Var.% | Jan-Sep 24 | Jan-Sep 23 | Var.% | |||||||||||||||||||
Total Revenue(1) |
493,726 | 449,033 | 10.0% | 1,355,878 | 1,380,778 | -1.8% | ||||||||||||||||||
Total Service Revenue |
429,698 | 366,543 | 17.2% | 1,177,876 | 1,109,691 | 6.1% | ||||||||||||||||||
Wireless Revenue |
405,635 | 382,200 | 6.1% | 1,116,415 | 1,189,376 | -6.1% | ||||||||||||||||||
Service Revenue |
342,084 | 300,810 | 13.7% | 939,698 | 920,754 | 2.1% | ||||||||||||||||||
Equipment Revenue |
63,550 | 81,391 | -21.9% | 176,717 | 268,622 | -34.2% | ||||||||||||||||||
Fixed Line Revenue(2) |
87,614 | 65,734 | 33.3% | 238,178 | 188,937 | 26.1% | ||||||||||||||||||
EBITDA |
195,006 | 174,508 | 11.7% | 529,556 | 545,019 | -2.8% | ||||||||||||||||||
% total revenue |
39.5% | 38.9% | 39.1% | 39.5% | ||||||||||||||||||||
EBIT |
174,759 | 148,760 | 17.5% | 471,861 | 456,344 | 3.4% | ||||||||||||||||||
% total revenue |
35.4% | 33.1% | 34.8% | 33.0% |
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.
(2) Includes equipment revenue.
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Argentina Operating Data |
| |||||||||||
3Q24 | 3Q23 | Var.% | ||||||||||
Wireless Subscribers (thousands) |
25,621 | 24,526 | 4.5% | |||||||||
Postpaid |
9,525 | 9,324 | 2.2% | |||||||||
Prepaid |
16,097 | 15,202 | 5.9% | |||||||||
ARPU (ARS) |
4,332 | 1,187 | 265.0% | |||||||||
Churn (%) |
1.4% | 1.4% | (0.0) | |||||||||
Revenue Generating Units (RGUs)(1) |
3,571 | 3,087 | 15.7% |
(1) Fixed Line, Broadband and Television.
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Central America
182k wireless net adds
Our operations added 182 thousand mobile subscribers—including 62 thousand postpaid clients—bringing the base to nearly 17 million subs. On the fixed-line platform we connected 93 thousand units, including 42 thousand broadband accesses and 28 thousand PayTV subscriptions.
Service revenue +8.9% YoY
Revenue increased 7.5% year-on-year to 668 million dollars, with service revenue rising by 8.9%. Mobile service revenue growth accelerated from 10.1% in the prior quarter to 11.4% in the current period, as prepaid service revenue picked up its pace. On the fixed-line platform service revenue increased 3.9% led by broadband revenue that expanded 8.6% and corporate networks revenue, up 7.5%.
EBITDA +13.9% YoY, best performance in three years
EBITDA rose by 13.9% year-on-year to 298 million dollars, marking our best performance in three years. The EBITDA margin stood at 44.6% of revenue, having climbed 2.5 percentage points over the past twelve months.
INCOME STATEMENT - Central America Millions of Dollars
3Q24 | 3Q23 | Var.% | Jan-Sep 24 | Jan-Sep 23 | Var.% | |||||||||||||||||||
Total Revenue(1) |
668 | 622 | 7.5% | 1,926 | 1,842 | 4.6% | ||||||||||||||||||
Total Service Revenue |
593 | 545 | 8.9% | 1,711 | 1,601 | 6.9% | ||||||||||||||||||
Wireless Revenue |
470 | 427 | 10.0% | 1,335 | 1,262 | 5.8% | ||||||||||||||||||
Service Revenue |
401 | 360 | 11.4% | 1,142 | 1,051 | 8.6% | ||||||||||||||||||
Equipment Revenue |
69 | 67 | 2.2% | 193 | 211 | -8.2% | ||||||||||||||||||
Fixed Line Revenue(2) |
195 | 191 | 2.3% | 581 | 569 | 2.1% | ||||||||||||||||||
EBITDA |
298 | 262 | 13.9% | 822 | 770 | 6.8% | ||||||||||||||||||
% total revenue |
44.6% | 42.1% | 42.7% | 41.8% | ||||||||||||||||||||
EBIT |
143 | 122 | 17.2% | 376 | 360 | 4.2% | ||||||||||||||||||
% total revenue |
21.4% | 19.6% | 19.5% | 19.6% |
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues includes other revenue.
(2) Includes equipment revenue.
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||||
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||||
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||||
Glossary | ||||
|
Central America Operating Data
3Q24 | 3Q23 | Var.% | ||||||||
Wireless Subscribers (thousands) |
16,969 | 16,947 |
0.1% | |||||||
Postpaid |
2,718 | 2,542 |
6.9% | |||||||
Prepaid |
14,251 | 14,405 |
-1.1% | |||||||
ARPU (US$) |
8 | 7 |
10.8% | |||||||
Churn (%) |
5.4% | 5.8% |
(0.4) | |||||||
Revenue Generating Units (RGUs)(1) |
5,120 | 4,834 |
5.9% |
(1) Fixed Line, Broadband and Television.
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|
The Caribbean
93k wireless net adds
We obtained 93 thousand net additions in the quarter, of which 16 thousand were postpaid. By the end of September, our wireless base, 7.8 million subscribers, was 4.1% higher than a year before. In the fixed-line segment we connected eight thousand landlines and three thousand broadband accesses but disconnected nine thousand PayTV units. The total figure for RGUs at the end of the quarter was 2.8 million.
EBITDA +8.3% YoY in The Dominican Republic
In Dominicana, service revenue increased 6.2% annually, with mobile revenue rising 7.3% and fixed-line revenue increasing 4.7%. The pace accelerated on both platforms driven by mobile postpaid and fixed-broadband revenue, that expanded 12.7% and 10.9%, respectively. EBITDA rose 8.3% year-on-year, with the margin reaching 52.2%.
Adjusted service revenue +2.0% in Puerto Rico
In Puerto Rico revenue declined 2.3% and service revenue fell 0.6% year-on-year. The contraction stems from the reduction in government subsidies that are booked under service revenue and had been declining every quarter, and also from extraordinary revenue in 2023 from the insurance collected after hurricane Fiona. Excluding such items, service revenue increased 2.0% and EBITDA 0.6%.
INCOME STATEMENT - The Caribbean Millions of Dollars
3Q24 | 3Q23 | Var.% | Jan-Sep 24 | Jan-Sep 23 | Var.% | |||||||||||||||||||
Total Revenue(1) |
480 | 484 | -0.7% | 1,447 | 1,584 | -8.7% | ||||||||||||||||||
Total Service Revenue |
425 | 424 | 0.2% | 1,275 | 1,286 | -0.9% | ||||||||||||||||||
Wireless Revenue |
302 | 300 | 0.6% | 913 | 919 | -0.7% | ||||||||||||||||||
Service Revenue |
247 | 247 | 0.1% | 745 | 760 | -2.0% | ||||||||||||||||||
Equipment Revenue |
55 | 53 | 2.8% | 168 | 159 | 5.4% | ||||||||||||||||||
Fixed Line Revenue(2) |
181 | 181 | -0.3% | 540 | 536 | 0.8% | ||||||||||||||||||
Other Revenue |
-2 | 2 | -201.7% | -6 | 129 | -104.8% | ||||||||||||||||||
EBITDA |
177 | 181 | -2.5% | 536 | 640 | -16.3% | ||||||||||||||||||
% total revenue |
36.8% | 37.4% | 37.0% | 40.4% | ||||||||||||||||||||
Adjusted EBITDA(3) |
177 | 181 | -2.5% | 536 | 552 | -3.0% | ||||||||||||||||||
% total revenue |
36.8% | 37.4% | 37.0% | 38.0% | ||||||||||||||||||||
EBIT |
81 | 80 | 1.7% | 250 | 347 | -28.0% | ||||||||||||||||||
% total revenue |
16.9% | 16.5% | 17.3% | 21.9% |
(1) Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.
(2) Includes equipment revenue.
(3) Adjusted for the sale of towers in The Dominican Republic in 2023 and for a change in the pension plan contribution in Puerto Rico in 2023.
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||||
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||||
Glossary | ||||
|
The Caribbean Operating Data
3Q24 | 3Q23 | Var.% | ||||||||
Wireless Subscribers (thousands) |
7,836 | 7,525 | 4.1% | |||||||
Postpaid |
2,290 | 2,227 | 2.8% | |||||||
Prepaid |
5,546 | 5,298 | 4.7% | |||||||
ARPU (US$) |
11 | 11 | -3.8% | |||||||
Churn (%) |
3.1% | 3.2% | -0.1 | |||||||
Revenue Generating Units (RGUs)(1) |
2,829 | 2,768 | 2.2% |
(1) Fixed Line, Broadband and Television.
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||||
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||||
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||||
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America | ||||
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||||
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||||
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||||
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||||
Appendix | ||||
|
||||
Glossary | ||||
|
Austria
We added 433 thousand mobile devices in the quarter of which 414 thousand were M2M devices. Including these, at the end of September we had 11.3 million wireless subscribers. On the fixed-line platform, we disconnected 28 thousand units, of which 20 thousand were landlines. We ended the period with 2.8 million fixed-line RGUs.
Corporate networks +4.3% YoY
Quarterly revenue came in at 700 million euro and was slightly below the prior year’s figure. However, service revenue showed a 0.8% increase driven by fixed-line service revenue, up 1.7%, which offset a minor decline in mobile revenue. On the mobile platform, prepaid service revenue fell by 5.3%, while postpaid remained steady on an annual basis. Fixed-line service revenue was strengthened by corporate networks, which represent just over 40% of the total and had their best quarter this year, with revenue rising 4.3%. PayTV and broadband revenue increased by 2.9% and 2.5%, respectively.
EBITDA margin at 39.5% of revenue
EBITDA for the quarter, 277 million euros, was down 3.3% year-over-year due to higher costs, primarily wages and salaries, as well as bad debt. The EBITDA margin for the period decreased by 1.1 percentage points compared to the prior year, to 39.5%.
INCOME STATEMENT - Austria Millions of Euros |
| |||||||||||||||||||||||
3Q24 | 3Q23 | Var.% | Jan-Sep 24 | Jan-Sep 23 | Var.% | |||||||||||||||||||
Total Revenue(1) |
700 | 704 | -0.6% | 2,073 | 2,084 | -0.5% | ||||||||||||||||||
Total Service Revenue |
627 | 622 | 0.8% | 1,855 | 1,837 | 1.0% | ||||||||||||||||||
Wireless Revenue |
320 | 323 | -0.8% | 956 | 955 | 0.1% | ||||||||||||||||||
Service Revenue |
274 | 275 | -0.3% | 813 | 798 | 1.8% | ||||||||||||||||||
Equipment Revenue |
46 | 48 | -3.7% | 143 | 157 | -8.7% | ||||||||||||||||||
Fixed Line Revenue(2) |
364 | 368 | -1.1% | 1,073 | 1,092 | -1.7% | ||||||||||||||||||
EBITDA |
277 | 286 | -3.3% | 785 | 787 | -0.3% | ||||||||||||||||||
% total revenue |
39.5% | 40.6% | 37.9% | 37.8% | ||||||||||||||||||||
EBIT |
111 | 148 | -25.0% | 302 | 375 | -19.4% | ||||||||||||||||||
% total revenue |
15.8% | 21.0% | 14.6% | 18.0% |
For further detail please visit www.a1.group/en/investor-relations
(1) Total revenue includes other revenue.
(2) Includes equipment revenue.
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Austria Operating Data |
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3Q24 | 3Q23 | Var.% | ||||||||
Wireless Subscribers (thousands) |
5,121 | 5,142 | -0.4% | |||||||
Postpaid |
4,059 | 4,075 | -0.4% | |||||||
Prepaid |
1,062 | 1,067 | -0.6% | |||||||
A1 Digital Subscribers (thousands) |
6,199 | 4,775 | 29.8% | |||||||
ARPU (Euros)(1) |
18 | 18 | 0.1% | |||||||
Churn (%)(1) |
1.3% | 1.2% | 0.1 | |||||||
Revenue Generating Units (RGUs)(2) |
2,754 | 2,872 | -4.1% |
(1) Does not include A1 Digital subscribers.
(2) Fixed Line, Broadband and Television.
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Other European
285k wireless net adds and 38k new RGUs
We gained 285 thousand wireless subscribers in Eastern Europe in the third quarter, bringing our regional subscriber base to 15.3 million. On the fixed-line platform, we registered additions of 38 thousand RGUs—23 thousand PayTV units and 18 thousand broadband accesses—ending September with 3.5 million RGUs, a 4.7% increase from the previous year.
Service revenue +5.5% YoY
Revenue for the quarter totaled 663 million euros, a 4.7% increase compared to the previous year. Service revenue was up 5.5%, with fixed-line revenue rising 6.9% and mobile revenue increasing 4.9%. Broadband and postpaid revenue were the main growth drivers, climbing 15.7% and 5.8% respectively, followed by PayTV at 3.5%. Revenue from corporate networks declined, as the comparison period included one-time revenue from special projects in Bulgaria.
EBITDA +11.9% YoY
Continued revenue growth on both platforms and efficiency measures allowed EBITDA to expand by 11.9% year-on-year, with the margin rising by 2.7 percentage points to 41.9%.
INCOME STATEMENT - Other European Millions of Euros |
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3Q24 | 3Q23 | Var.% | Jan-Sep 24 | Jan-Sep 23 | Var.% | |||||||||||||||||||
Total Revenue(1) |
663 | 633 | 4.7% | 1,882 | 1,824 | 3.2% | ||||||||||||||||||
Total Service Revenue |
532 | 505 | 5.5% | 1,509 | 1,422 | 6.1% | ||||||||||||||||||
Wireless Revenue |
488 | 468 | 4.2% | 1,382 | 1,353 | 2.2% | ||||||||||||||||||
Service Revenue |
379 | 361 | 4.9% | 1,067 | 1,026 | 3.9% | ||||||||||||||||||
Equipment Revenue |
109 | 107 | 1.7% | 315 | 326 | -3.4% | ||||||||||||||||||
Fixed Line Revenue(2) |
168 | 156 | 7.2% | 477 | 437 | 9.0% | ||||||||||||||||||
EBITDA |
278 | 248 | 11.9% | 744 | 696 | 6.9% | ||||||||||||||||||
% total revenue |
41.9% | 39.2% | 39.5% | 38.2% | ||||||||||||||||||||
EBIT |
152 | 141 | 7.5% | 375 | 379 | -1.1% | ||||||||||||||||||
% total revenue |
22.9% | 22.3% | 19.9% | 20.8% |
For further detail please visit www.a1.group/en/investor-relations
(1) Total revenue includes other revenue.
(2) Includes equipment revenue.
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3Q24 | 3Q23 | Var.% | ||||||||||
Wireless Subscribers (thousands) |
15,347 | 15,215 | 0.9% | |||||||||
Postpaid |
12,477 | 12,271 | 1.7% | |||||||||
Prepaid |
2,870 | 2,944 | -2.5% | |||||||||
ARPU (Euros) |
8 | 8 | 4.3% | |||||||||
Churn (%) |
1.6% | 1.6% | 0.0 | |||||||||
Revenue Generating Units (RGUs)(1) |
3,539 | 3,378 | 4.7% |
(1) Fixed Line, Broadband and Television.
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Exchange Rates Local Currency Units per MxP |
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3Q24 | 3Q23 | Var.% | Jan-Sep 24 | Jan-Sep 23 | Var. | % | ||||||||||||||||||
Euro |
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End of Period |
0.0567 | 0.0596 | -4.9 | % | 0.0567 | 0.0596 | -4.9 | % | ||||||||||||||||
Average |
0.0581 | 0.0638 | -9.0 | % | 0.0614 | 0.0608 | 1.0 | % | ||||||||||||||||
USD |
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End of Period |
0.0509 | 0.0564 | -9.7 | % | 0.0509 | 0.0564 | -9.7 | % | ||||||||||||||||
Average |
0.0528 | 0.0587 | -9.9 | % | 0.0565 | 0.0561 | 0.6 | % | ||||||||||||||||
Brazilian Real |
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End of Period |
0.2776 | 0.2825 | -1.7 | % | 0.2776 | 0.2825 | -1.7 | % | ||||||||||||||||
Average |
0.2930 | 0.2863 | 2.4 | % | 0.2957 | 0.2811 | 5.2 | % | ||||||||||||||||
Argentinean Peso |
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End of Period |
49.4422 | 19.7392 | 150.5 | % | 49.4422 | 19.7392 | 150.5 | % | ||||||||||||||||
Average |
49.8239 | 18.3370 | 171.7 | % | 50.1190 | 13.7772 | 263.8 | % | ||||||||||||||||
Colombian Peso |
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End of Period |
212.1458 | 230.4495 | -7.9 | % | 212.1458 | 230.4495 | -7.9 | % | ||||||||||||||||
Average |
216.5670 | 237.6501 | -8.9 | % | 224.7393 | 247.7523 | -9.3 | % | ||||||||||||||||
Guatemalan Quetzal |
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End of Period |
0.3935 | 0.4433 | -11.2 | % | 0.3935 | 0.4433 | -11.2 | % | ||||||||||||||||
Average |
0.4090 | 0.4611 | -11.3 | % | 0.4389 | 0.4396 | -0.1 | % | ||||||||||||||||
Peruvian Sol |
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End of Period |
0.1892 | 0.2142 | -11.7 | % | 0.1892 | 0.2142 | -11.7 | % | ||||||||||||||||
Average |
0.1987 | 0.2158 | -8.0 | % | 0.2121 | 0.2095 | 1.2 | % | ||||||||||||||||
Dominican Republic Peso |
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End of Period |
3.0699 | 3.2123 | -4.4 | % | 3.0699 | 3.2123 | -4.4 | % | ||||||||||||||||
Average |
3.1582 | 3.3257 | -5.0 | % | 3.3482 | 3.1341 | 6.8 | % | ||||||||||||||||
Belarusian Ruble |
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End of Period |
0.1400 | 0.1550 | -9.7 | % | 0.1400 | 0.1550 | -9.7 | % | ||||||||||||||||
Average |
0.1452 | 0.1612 | -9.9 | % | 0.1552 | 0.1542 | 0.6 | % |
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3Q24 | 3Q23 | Var.% | Jan-Sep 24 | Jan-Sep 23 | Var.% | |||||||||||||||||||
Euro |
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End of Period |
1.1135 | 1.0573 | 5.3% | 1.1135 | 1.0573 | 5.3% | ||||||||||||||||||
Average |
1.0994 | 1.0879 | 1.1% | 1.0871 | 1.0831 | 0.4% | ||||||||||||||||||
Mexican Peso |
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End of Period |
19.6290 | 17.7287 | 10.7% | 19.6290 | 17.7287 | 10.7% | ||||||||||||||||||
Average |
18.9243 | 17.0449 | 11.0% | 17.7119 | 17.8232 | -0.6% | ||||||||||||||||||
Brazilian Real |
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End of Period |
5.4481 | 5.0076 | 8.8% | 5.4481 | 5.0076 | 8.8% | ||||||||||||||||||
Average |
5.5457 | 4.8801 | 13.6% | 5.2377 | 5.0102 | 4.5% | ||||||||||||||||||
Argentinean Peso |
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End of Period |
970.5000 | 349.9500 | 177.3% | 970.5000 | 349.9500 | 177.3% | ||||||||||||||||||
Average |
942.8826 | 312.5517 | 201.7% | 887.7044 | 245.5540 | 261.5% | ||||||||||||||||||
Colombian Peso |
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End of Period |
4,164.2100 | 4,085.5700 | 1.9% | 4,164.2100 | 4,085.5700 | 1.9% | ||||||||||||||||||
Average |
4,098.3766 | 4,050.7198 | 1.2% | 3,980.5660 | 4,415.7488 | -9.9% | ||||||||||||||||||
Guatemalan Quetzal |
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End of Period |
7.7235 | 7.8583 | -1.7% | 7.7235 | 7.8583 | -1.7% | ||||||||||||||||||
Average |
7.7408 | 7.8590 | -1.5% | 7.7741 | 7.8344 | -0.8% | ||||||||||||||||||
Peruvian Sol |
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End of Period |
3.7140 | 3.7970 | -2.2% | 3.7140 | 3.7970 | -2.2% | ||||||||||||||||||
Average |
3.7599 | 3.6791 | 2.2% | 3.7559 | 3.7343 | 0.6% | ||||||||||||||||||
Dominican Republic Peso |
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End of Period |
60.2600 | 56.9500 | 5.8% | 60.2600 | 56.9500 | 5.8% | ||||||||||||||||||
Average |
59.7664 | 56.6860 | 5.4% | 59.3037 | 55.8604 | 6.2% |
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Appendix A
Financial Debt of América Móvil(1) Millions |
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Sep -24 | Dec -23 | |||||||
Peso - denominated debt (MxP) |
147,521 | 142,607 | ||||||
Bonds(2) |
133,241 | 89,927 | ||||||
Banks and others |
14,280 | 52,680 | ||||||
U.S. Dollar - denominated debt (USD) |
8,907 | 8,496 | ||||||
Bonds |
8,496 | 8,496 | ||||||
Banks and others |
411 | 0 | ||||||
Euro - denominated Debt (EUR) |
4,195 | 6,542 | ||||||
Bonds |
2,782 | 5,472 | ||||||
Commercial Paper |
1,083 | 510 | ||||||
Banks and others |
330 | 560 | ||||||
Sterling - denominated Debt (GBP) |
2,200 | 2,200 | ||||||
Bonds |
2,200 | 2,200 | ||||||
Reais - denominated Debt (BRL) |
9,500 | 8,250 | ||||||
Bonds |
9,500 | 8,250 | ||||||
Banks and others |
0 | 0 | ||||||
Debt denominated in other currencies (MxP)(3) |
36,663 | 16,441 | ||||||
Bonds |
5,921 | 5,098 | ||||||
Banks and others |
30,742 | 11,343 | ||||||
Total Debt (MxP) |
542,709 | 500,677 | ||||||
Cash, Marketable Securities and Short Term Financial Investments (MxP)(4) |
106,528 | 115,268 | ||||||
Net Debt (MxP) |
436,180 | 385,409 |
(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.
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Glossary of Terms
ARPU | Average Revenue per User. The ratio of service revenue in a given period to the average number of wireless subscribers in the same period. | |
Capex | Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure. | |
Churn | Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period. | |
EBIT | Earnings Before Interest and Taxes, also known as Operating Profit. | |
EBIT margin | The ratio of EBIT to total operating revenue. | |
EBITDA | Earnings Before Interest, Taxes, Depreciation, and Amortization. | |
EBITDAaL | Earnings Before Interest, Taxes, Depreciation, and Amortization. Adjusted after lease payments. | |
EBITDA margin | The ratio of EBITDA to total operating revenue. | |
EPS (Mexican pesos) | Earnings per share. Total earnings in Mexican pesos divided by total shares. | |
Earnings per ADR (US$) | Total earnings in U.S. dollars divided by total ADRs equivalent. | |
Gross additions | Total number of subscribers acquired during the period. | |
Licensed pops | Licensed population. Population covered by the licenses that each of the companies manage. |
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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, mobile WiFi routers and machine-to-machine devices. | |
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. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 17, 2024
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 |