Liberty Latin America Ltd. · NASDAQ:LILA
Liberty Latin America — Q3 2026 Earnings Presentation
25 slides from Liberty Latin America's earnings presentation, Nov 5, 2026
Slide 1: Liberty Latin America Q3 2026 Investor Call
LIBERTY LATIN AMERICA Q3 2026 INVESTOR CALL November 5, 2026 Part of Liberty Latin America
Slide 2: Safe Harbor: Forward-Looking Statements and Defined Terms
“SAFE HARBOR” FORWARD-LOOKING STATEMENT | DEFINED TERMS FORWARD-LOOKING STATEMENTS & DISCLAIMER and deployment of capital; fluctuations in currency exchange and interest rates; the ability of suppliers and vendors to timely deliver quality products, equipment, software, services and access; our abil
Slide 3: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX
Slide 4: Liberty Latin America Key Messages
LIBERTY LATIN AMERICA | KEY MESSAGES(1) SUSTAINED OPERATIONAL PROGRESS; MARGIN & ADJUSTED FCF EXPANSION UNDERPINNING CAPITAL RETURNS 1 2 3 4 ~56K +3% ~$140M >$150M Q3 POSTPAID & Q3 ADJUSTED OIBDA YTD SHARE BROADBAND NET YOY REBASED ADJUSTED FCF REPURCHASES TO ADDS GROWTH YOY INCREASE DATE(2) Step up
Slide 5: Liberty Caribbean: Continued Momentum
LIBERTY CARIBBEAN | CONTINUED MOMENTUM(1) NEW COMMERCIAL INITIATIVES SUPPORTING FMC TRACTION & PRICE INCREASES MOBILE POSTPAID SUBSCRIBER EVOLUTION KEY MESSAGES MOBILE POSTPAID NET ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS YoY ADDs • Ookla awards for fastest fixed & +40 mobile networks in Jamaica •
Slide 6: C&W Panama: Strong Fixed & Mobile Service Revenue Growth
C&W PANAMA | STRONG FIXED & MOBILE SERVICE REVENUE GROWTH(1) LARGEST CONTRIBUTOR TO LLA BROADBAND & POSTPAID NET ADDS MOBILE POSTPAID SUBSCRIBER EVOLUTION KEY MESSAGES MOBILE POSTPAID NET ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS YoY ADDs • Launch of +Mas- Starlink D2C +51 • Selective price increase
Slide 7: Liberty Networks: Solid Demand for Capacity
LIBERTY NETWORKS | SOLID DEMAND FOR CAPACITY(1) HEALTHY DEMAND FOR LEASE CAPACITY; SOLID ENTERPRISE GROWTH IN KEY MARKETS YoY REVENUE EVOLUTION KEY MESSAGES IN USD MILLIONS ENTERPRISE WHOLESALE • Enterprise revenue growth driven by IT 122 as a Service 117 • Wholesale revenue growth impacted CREDIT S
Slide 8: Liberty Costa Rica: Postpaid Net Adds Accelerating in Q3
LIBERTY COSTA RICA | POSTPAID NET ADDS ACCELERATING IN Q3(1) MOBILE COMMERCIAL INITIATIVES INCLUDING FIRST TO MARKET D2C LAUNCH RESONATING WELL WITH CUSTOMERS MOBILE POSTPAID SUBSCRIBER EVOLUTION(2) KEY MESSAGES MOBILE POSTPAID NET ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS YoY ADDs • Postpaid revenu
Slide 9: Liberty Puerto Rico: Four Quarters of Postpaid Adds
LIBERTY PUERTO RICO | FOUR QUARTERS OF POSTPAID ADDS(1) UPTICK IN SIM-ONLY PLAN ADOPTION; FURTHER PRICE INITIATIVES MOBILE POSTPAID SUBSCRIBER EVOLUTION KEY MESSAGES MOBILE POSTPAID NET ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS YoY ADDs • Liberty SIMple driving sequential +23 postpaid revenue growth
Slide 10: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX
Slide 11: Q3 & YTD 2026 Financial Results
Q3 & YTD 2026 FINANCIAL RESULTS(1) ADJUSTED OIBDA GROWTH & MARGIN EXPANSION; STRONG YTD CASH FLOW IMPROVEMENT REVENUE ADJUSTED OIBDA P&E ADDITIONS ADJUSTED FCF BEFORE DISTRIBUTIONS IN USD MILLIONS; REBASED GROWTH RATE IN USD MILLIONS; REBASED GROWTH RATE IN USD MILLIONS; AS PERCENTAGE OF REVENUE IN
Slide 12: Segment Financial Results: C&W Credit Silo
SEGMENT FINANCIAL RESULTS | C&W CREDIT SILO(1) STRONG YOY MOBILE SERVICE REVENUE GROWTH IN LC & CWP; LN ADJ. OIBDA IMPACTED BY COST MILESTONE Q3 2026 IN USD MILLIONS 16% 16% 13% 16% AS % OF AS % OF AS % OF AS % OF REVENUE REVENUE REVENUE REVENUE 366 657 172 189 301 122 60 72 30 56 106 16 REVENUE ADJ
Slide 13: Segment Financial Results: LCR & LPR Credit Silos
SEGMENT FINANCIAL RESULTS | LCR & LPR CREDIT SILOS(1) SOLID REBASED ADJUSTED OIBDA GROWTH IN BOTH LCR & LPR COSTA RICA PUERTO RICO Q3 2026 Q3 2026 IN USD MILLIONS 10% IN USD MILLIONS 14% AS % OF AS % OF REVENUE REVENUE 289 173 103 69 18 40 REVENUE ADJUSTED OIBDA P&E ADDs REVENUE ADJUSTED OIBDA P&E A
Slide 14: Balance Sheet & Liquidity Position
BALANCE SHEET & LIQUIDITY POSITION(1) RETURNING CAPITAL TO SHAREHOLDERS LLA FINANCING PRINCIPLES KEY METRICS SEPARATE CREDIT POOLS Independent, ring-fenced capital structures with no cross- $8.5 $0.6 BILLION BILLION guarantees or cross-defaults TOTAL DEBT TOTAL DEBT CASH CASH SUSTAINABLE LEVERAGE LE
Slide 15: Conclusions
CONCLUSIONS(1) POSITIONED FOR A STRONG FINISH TO 2026 1 2 3 4 INNOVATING IMPROVING FINANCIAL DELIVERING ON RETURNING CAPITAL COMMERCIAL OFFERS MOMENTUM INTO Q4 ADJUSTED FCF TO SHAREHOLDERS Commercially active season Unbeatable Internet launched in ahead YTD 2026 Adjusted FCF well Liberty Caribbean a
Slide 16: Agenda
AGENDA 01 | EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX
Slide 17: Definitions & Additional Information
DEFINITIONS & ADDITIONAL INFORMATION ARPU MOBILE SUBSCRIBERS Average revenue per unit refers to the average monthly subscription revenue (subscription revenue excludes Our mobile subscriber count represents the number of active subscriber identification module (“SIM”) cards in interconnect, mobile h
Slide 18: Information on Rebased Growth
INFORMATION ON REBASED GROWTH Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a OIBDA amounts for the periods indicated, to derive our rebased growth rates. Due to rounding, certain rebased comparable basis for all businesses that we owned during the c
Slide 19: Information on Rebased Growth (Cont.)
INFORMATION ON REBASED GROWTH (CONT.) Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a OIBDA amounts for the periods indicated, to derive our rebased growth rates. Due to rounding, certain rebased comparable basis for all businesses that we owned duri
Slide 20: Information on Rebased Growth (Cont.)
INFORMATION ON REBASED GROWTH (CONT.) Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a OIBDA amounts for the periods indicated, to derive our rebased growth rates. Due to rounding, certain rebased comparable basis for all businesses that we owned duri
Slide 21: Information on Rebased Growth (Cont.)
INFORMATION ON REBASED GROWTH (CONT.) Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a OIBDA amounts for the periods indicated, to derive our rebased growth rates. Due to rounding, certain rebased comparable basis for all businesses that we owned duri
Slide 22: Adjusted OIBDA Definition & Reconciliation
ADJUSTED OIBDA DEFINITION & RECONCILIATION(1) On a consolidated basis, Adjusted OIBDA is a non-U.S. GAAP measure. Adjusted OIBDA is the primary measure performance in the different countries in which we operate. We believe our Adjusted OIBDA measure is useful used by our chief operating decision mak
Slide 23: Adjusted OIBDA Definition & Reconciliation (Cont.)
ADJUSTED OIBDA DEFINITION & RECONCILIATION (CONT.)(1) On a consolidated basis, Adjusted OIBDA is a non-U.S. GAAP measure. Adjusted OIBDA is the primary measure performance in the different countries in which we operate. We believe our Adjusted OIBDA measure is useful used by our chief operating deci
Slide 24: Consolidated Leverage Ratio Definition & Reconciliation
CONSOLIDATED LEVERAGE RATIO DEFINITION & RECONCILIATION We have set forth below our consolidated leverage and net leverage ratios. Our consolidated leverage and net is measured using swapped foreign currency rates. We believe our consolidated leverage and net leverage leverage ratios (Consolidated L
Slide 25: Adjusted Free Cash Flow Definition & Reconciliation
ADJUSTED FREE CASH FLOW DEFINITION & RECONCILIATION We define Adjusted Free Cash Flow (Adjusted FCF), a non-GAAP measure, as net cash provided by our because this measure can be used to gauge our ability to service debt and fund new investment opportunities. operating activities, plus (i) cash payme
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