Millicom International Cellular S.A. · NASDAQ:TIGO

Millicom International Cellular — Investor Presentation (November 2006)

15 slides from Millicom International Cellular's investor presentation, November 2006

  1. Slide 1: Millicom International Cellular

    MILLICOM INTERNATIONAL CELLULAR MARC BEULS CHIEF EXECUTIVE OFFICER

  2. Slide 2: Forward-looking statements

    This presentation may contain certain “forward-looking statements” with respect to Millicom’s expectations and plans, strategy, management’s objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that Millicom’s actual results in the future cou

  3. Slide 3: Proven prepaid, mass market distribution & price leadership

    PROVEN PREPAID, MASS MARKET DISTRIBUTION & PRICE LEADERSHIP 24 YEAR HISTORY +15M SUBSCRIBERS 17 COUNTRIES: LATIN AMERICA 443M POPS AFRICA UNDER LICENSE ASIA LOW PENETRATION, LOW-COST HIGH GROWTH BUSINESS MODEL MARKETS DELIVERING DIVERSIFIED GROWTH 3

  4. Slide 4: 443 million population under license (pops)

    443 million population under license (pops) Central South Africa: South Asia: South East America: America: 151.4 m 186 m Asia: 26.4 m 59 m 20.2 m Guatemala 12.3m* El Salvador 6.8m* Senegal 11.9m* Chad 9.9m* Pakistan 165.8m* SentelGSM (100%) Millicom Tchad (87.5%) Comcel (55.0%) Telemovil (100%) Pakt

  5. Slide 5: Wireless penetration

    Wireless penetration 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% EU ( 3 80m ) US (2 C ol o 98m ) mbia (43 .6 M aur m) i tius (1 .2m El Sa l vado ) r ( 6 .8 Bol iv m) ia ( 8. G uat em al 9m ) a ( 12 Par a .3m ) gu ay ( 6.5m Sr i L anka ) (20 .2 Sen e m) gal ( 1 1 .9 m H ond ) ur as ( 7 .3 m G han ) a

  6. Slide 6: Group Revenue and EBITDA shares – Q3 2006

    Group Revenue and EBITDA shares – Q3 2006 Revenue EBITDA 7% 5.8% 6% 17.2% 20% 51.5% 15.7% 61.3% 15.5% Central America * South Asia reported a loss before interest, South America tax, depreciation and amortization of $(2.1)m for Q3 2006 Africa South Asia* South East Asia 6 As at 30 September 06.

  7. Slide 7: Key data: Strong underlying growth

    KEY DATA Strong underlying growth US$m Q3 06 Q3 05 Growth Total Subscribers ('000) 12,796 7,913 62% Revenues 403 261 54% EBITDA 179 113 58% Capex 188 89 7

  8. Slide 8: Pro forma total subscribers growth

    PRO FORMA TOTAL SUBSCRIBERS GROWTH Strong underlying growth Total Subscribers ('000) Quarterly YoY Growth 15,000 70% 62% 13,000 60% 51% 12,796 50% 11,000 52% 52% 10,903 40% 9,000 50% 9,892 8,929 30% 7,000 7,913 20% 5,000 10% 3,000 0% Q3 2005 Q4 2005 Q1 2006 Q2 2006 Q3 2006 8

  9. Slide 9: Pro forma revenues growth

    PRO FORMA REVENUES GROWTH Strong underlying growth Revenues (US$m) Quarterly YoY Growth 450 54% 80% 400 53% 403 60% 350 47% 362 40% 322 40% 300 36% 294 250 20% 261 200 0% 150 -20% Q3 2005 Q4 2005 Q1 2006 Q2 2006 Q3 2006 9

  10. Slide 10: Pro forma EBITDA growth

    PRO FORMA EBITDA GROWTH Strong underlying growth EBITDA (US$m) Quarterly YoY Growth 190 58% 50% 170 179 53% 56% 30% 150 157 38% 10% 130 143 29% 130 110 -10% 113 90 -30% 70 -50% 50 -70% Q3 2005 Q4 2005 Q1 2006 Q2 2006 Q3 2006 10

  11. Slide 11: Millicom's mass marketing strategy = Tigo's 3As

    Millicom’s mass marketing strategy = Tigo’s 3As AFFORDABILITY = Best value for money ACCESSIBILITY = Ease of purchasing minutes AVAILABILITY = Good network coverage 11

  12. Slide 12: Cross fertilisation of ideas – transportation of Tigo from Latin America to Africa

    Cross fertilisation of ideas – transportation of Tigo from Latin America to Africa Average quarterly Average quarterly Latin growth 1 year before growth since launch America launch Total TIGO Total Subs Revenue LAUNCH Subs Revenue Paraguay* -4% 4% July 2004 10% 11% Guatemala 6% 3% Aug 2004 13% 16% E

  13. Slide 13: Tigo effect in Ghana

    Tigo effect in Ghana • Tigo launched March 2006 in Ghana • Ghana saw revenue growth of 147% in Oct 2006 vs Oct 2005

  14. Slide 14: Marketing material - transferable from Latin America to Africa

    Marketing material - transferable from Latin America to Africa Ads for MMS Latin America Africa 14

  15. Slide 15: Millicom International Cellular

    MILLICOM INTERNATIONAL CELLULAR

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