America Movil SAB de CV (OTCPK:AMXOF)
$ 0.88 0 (0%) Market Cap: 50.20 Bil Enterprise Value: 81.53 Bil PE Ratio: 28.39 PB Ratio: 2.38 GF Score: 71/100
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Q2 2024 America Movil SAB de CV Earnings Call Transcript

Jul 17, 2024 / 03:00PM GMT
Release Date Price: $0.84

Key Points

Positve
  • America Movil SAB de CV (AMXOF) added 2.4 million subscribers in Q2 2024, with significant growth in postpaid subscribers.
  • The company reported a 6.9% increase in EBITDA, driven by positive revenue growth and strong cost controls.
  • Fixed broadband revenue grew by 7.9%, indicating strong performance in this segment.
  • The company's leverage ratio improved to 1.38 times EBITDA from 1.5 times the prior quarter.
  • Free cash flow was MXN10 billion greater than the first half of 2023, partly due to lower capital expenditures.
Negative
  • America Movil SAB de CV (AMXOF) reported a net loss of MXN1.1 billion in Q2 2024 due to foreign exchange losses.
  • Equipment revenue fell by 9.8%, with a notable decline in the sale of higher-priced phones.
  • The Mexican peso's depreciation following the presidential elections negatively impacted financial results.
  • Prepaid revenue growth decelerated, reflecting broader market trends and economic conditions.
  • The company faced increased churn and collection issues in Mexico, impacting net additions in the broadband segment.
Operator

Thank you for joining América Móvil second-quarter 2024 conference call and webcast.

(Operator Instructions)

The call will begin shortly. Thank you.

(Music)

Good morning. My name is Kiki, and I will be your conference operator today. At this time, I would like to welcome everyone to the América Móvil second-quarter 2024 conference call and webcast. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. (Operator Instructions)

Now I will turn the call over to Ms. Daniela Lecuona, Head of Investor Relations. Daniela?

Daniela Lecuona Torras;Daniel Hajj Aboumrad
America Movil SAB de CV - Independent Member of the Supervisory Board;America Movil SAB de CV - Chief Executive Officer,

Thank you. Good morning, everyone, and thank you for joining us today to report our second-quarter results. We have on the line of Mr. Daniel Hajj, CEO; Mr. Carlos Garcia Moreno, CFO; and Mr. Oscar Von Hauske, COO.

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