6-K

Date: July 14, 2022

AMÉRICA MÓVIL, S.A.B. DE C.V.

/s/ Carlos José García Moreno Elizondo

Carlos José García Moreno Elizondo

Chief Financial Officer

6-K 1 d372626d6k.htm 6-K 6-K

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 2022

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 2022 financial and operating report

July 12^th, 2022 / 2Q22

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 2022.

3.1M wireless net additions and 186k new broadband accesses

We ended June with 306 million wireless subscribers after incorporating 12.9 million subscribers from the acquisition of Oi. Organically, we gained 1.8 million mobile postpaid subscribers and 1.3 million prepaid clients. Our postpaid and prepaid base increased 12.5% and 8.9% year-on-year, respectively.

Fixed-broadband is still the main driver on the fixed-line platform; we connected 186 thousand new broadband accesses, including 92 thousand in Argentina, 36 thousand in Eastern Europe and approximately 20 thousand in each Central America and Mexico.

Service revenue +4.9% YoY at constant exchange rates

Revenue of 217 billion pesos was up 3.3% in Mexican peso terms, with net service revenue expanding 4.5%. At constant exchange rates, the latter expanded 4.9%.

Mobile service revenue +8.5% YoY and broadband revenue + 3.3% YoY

Service revenue on the fixed-line platform declined 0.5% year-on-year at constant exchange rates. Broadband revenue was up 3.3% whereas corporate network revenue growth increased to 8.9% from 4.9% the prior quarter. The decline in PayTV revenue moderated somewhat to 5.3%, mostly on account of improvements in Brazil.

EBITDA +4.2% YoY at constant exchange rates

Second quarter EBITDA totaled 82.7 billion pesos, a 4.0% increase in nominal peso terms and 4.2% at constant exchange rates, with the EBITDA margin rising 0.2 percentage points to 38.0%.

Net income of MxP 14Bn

Our operating profit of 41.0 billion pesos in the quarter, resulted in a net income of 13.7 billion pesos, after comprehensive financing costs of 18.1 billion pesos of which approximately half were net interest payments.

CapEx of MxP 66Bn and shareholder distributions of MxP 16Bn

Our operating cash flow allowed us to cover our capital expenditures in the amount of 65.6 billion pesos. We raised 43.8 billion pesos year-to-date which helped us fund 19.6 billion pesos for the purchase of Oi and a price adjustment related to the sale of Tracfone; as well as 11.6 billion pesos in labor obligations. Shareholder distributions totaled 16.3 billion pesos, all in the form of share buybacks.

Net debt to EBITDAaL at 1.36x

Our net debt ended June at 414.7 billion pesos. Under IAS17 our net debt to LTM EBITDA ratio stood at 1.36x.

We will host our conference call to discuss 2Q22 financial and operating results on July 13th at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors


América Móvil Fundamentals

	2Q22		2Q21

Earnings per Share (Mex$) ⁽¹⁾		0.21		0.65

Earning per ADR (US$) ⁽²⁾		0.21		0.64

EBITDA per Share (Mex$) ⁽³⁾		1.29		1.20

EBITDA per ADR (US$)		1.29		1.20

Net Income (millions of Mex$)		13,683		42,815

Average Shares Outstanding (billion)		64.0		66.3

Shares Oustanding End of Period (billion)		63.9		66.1

⁽¹⁾ Net Income / Average Shares Outstanding

⁽²⁾ 20 shares per ADR

⁽³⁾ EBITDA / Average Shares Outstanding


América Móvil’s Subsidiaries as of June 2022

Country	Brand	Business	Equity

Mexico	Telcel	wireless	100.0%

	Telmex	wireline	98.8%

	Sección Amarilla	other	100.0%

	Telvista	other	90.0%

Argentina	Claro	wireless	100.0%

	Telmex	wireline	100.0%

Brazil	Claro	wireless/wireline	99.6%

Chile	Claro	wireless	100.0%

	Telmex	wireline	100.0%

Colombia	Claro	wireless/wireline	99.4%

Costa Rica	Claro	wireless	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%

Panama	Claro	wireless/wireline	100.0%

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	19.4%

Austria	Telekom Austria	wireless/wireline	51.0%

Note

On November 23rd, 2021 we completed the sale of TracFone Wireless. The financial statements presented in this report account for TracFone as a discontinued operation and include the net profit generated by that subsidiary up to the date of the divestment and the net gain generated by its sale, under “net income from discontinued operations”.

The reported figures for Argentina corresponding to the second quarter of 2022 are presented in accordance with a) IAS29 reflecting the effects of the adoption of inflationary accounting that became mandatory after the Argentinean economy was deemed to be hyperinflationary in the third quarter of 2018 and b) IAS21 translated to Mexican pesos using the end-of-period exchange rate.

All comparisons at constant exchange rates for America Movil’s consolidated figures will exclude Argentina to ensure consistency.

Relevant Events

Sale of Claro Panama

On July 1st, 2022 we completed the sale of Claro Panama to Cable & Wireless Panama, an affiliate of Liberty Latin America. The transaction excludes all telecommunication towers owned indirectly by AMX in Panama and the Claro trademarks.

S&P upgraded América Móvil credit rating to A-/Stable

On July 6th, 2022 S&P Global Ratings upgraded América Móvil by one notch to A-/Stable. The financial strength of our company, our geographic diversification and consistent solid operating results have given us A- ratings from all three rating agencies, the best credit rating among major telcos in the Western Hemisphere. (Moody’s A3 / S&P A-/Fitch A-).

Access Lines

1.8M postpaid and 1.3M prepaid net adds

We ended June with 306 million wireless subscribers after incorporating 12.9 million subscribers from the acquisition of Oi in Brazil. Organically, we had net additions of 3.1 million which include 1.8 million postpaids and 1.3 million prepaid net adds. Our postpaid base ended June with 116 million subsccribers, after the integration of Oi. Brazil led the way in terms of postpaid growth after adding 779 thousand subscribers followed by Colombia with 272 thousand.

186k new broadband clients

On the fixed-line segment, we connected 186 thousand broadband accesses and disconnected 33 thousand PayTV subscriptions and 60 thousand landlines. At the end of June we had 74.6 million RGUs, 30.9 million broadband accesses, 13.7 million PayTV subscriptions and just over 30 million landlines.


Wireless subscribers as of June 2022
Total⁽¹⁾ (Thousands)

Country	Jun ’22		Mar ’22		Var.%		Jun ’21		Var.%

Argentina, Paraguay and Uruguay		26,638		26,463		0.7%		25,541		4.3%

Austria		8,306		8,084		2.7%		7,484		11.0%

Brazil		85,735		71,804		19.4%		67,772		26.5%

Central America		16,976		16,763		1.3%		15,912		6.7%

Caribbean		7,222		7,143		1.1%		6,713		7.6%

Chile		7,228		7,136		1.3%		6,746		7.1%

Colombia		36,322		35,710		1.7%		33,844		7.3%

Eastern Europe		14,969		14,837		0.9%		14,841		0.9%

Ecuador		8,802		8,747		0.6%		8,308		6.0%

Mexico		81,364		80,990		0.5%		78,742		3.3%

Peru		12,202		12,066		1.1%		11,501		6.1%

Total Wireless Lines		305,764		289,743		5.5%		277,403		10.2%

⁽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.


Fixed-Line and Other Accesses (RGUs) as of June 2022
Total⁽¹⁾ (Thousands)

Country	Jun ’22		Mar ’22		Var.%		Jun ’21		Var.%

Argentina, Paraguay and Uruguay		2,417		2,183		10.7%		1,679		43.9%

Austria		2,995		3,019		-0.8%		3,096		-3.3%

Brazil⁽²⁾		24,699		24,991		-1.2%		25,930		-4.7%

Central America		4,552		4,480		1.6%		4,327		5.2%

Caribbean		2,673		2,639		1.3%		2,615		2.2%

Chile		1,284		1,317		-2.5%		1,372		-6.4%

Colombia		9,075		9,003		0.8%		8,673		4.6%

Eastern Europe		3,140		3,055		2.8%		2,975		5.5%

Ecuador		582		560		3.9%		493		18.0%

Mexico		21,256		21,361		-0.5%		21,536		-1.3%

Peru		1,962		1,931		1.6%		1,855		5.7%

Total RGUs		74,632		74,540		0.1%		74,551		0.1%

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

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

América Móvil Consolidated Results

The trend towards higher interest rates in the U.S. dollar market that began in March continued unabated in the second quarter as inflation fears dominated sentiment, with both short and long-term interest rates rising. By the second week of June long term rates peaked and began a downward trend as markets shifted their focus towards the negative impact on economic activity that would be derived from substantially higher short term interest rates. By the end of the quarter the dollar had appreciated vis-à-vis all major currencies in our region of operations, including the Mexican peso, the Brazilian real, the Colombian peso and the euro.

Our revenue reached 217.4 billion pesos in the quarter, 3.3% more than in the year-earlier quarter in Mexican peso terms, with net service revenue expanding 4.5%. At constant exchange rates the latter increased 4.9% (excluding Argentina given its high inflation rates). The difference between the two has to do with the nominal revenue reflecting the increased value in Mexican peso terms of the sales revenue in dollar-based operations and in those countries whose exchange rates are roughly pegged to the dollar.

Mobile service revenue expanded 8.5% at constant exchange rates, which reflects the impact of the consolidation of some of Oi’s clients and revenue from May 1st. Correcting for this effect, mobile service revenue would have expanded 7.4%, compared to the 6.3% growth rate observed the prior quarter. With 20.1% mobile service revenue growth—13.7% without Oi—Brazil was our top performer, as our Eastern European operations posted 9.6% growth, Mexico 8.8%, Peru 7.5%, Dominican Republic 6.9% and Austria 6.2%. Prepaid and postpaid revenue growth accelerated in the second quarter to 8.7% and 8.4%, respectively.

Service revenue on the fixed-line platform was almost flat, declining 0.5% year-on-year; the prior quarter it had come down by 1.1%. Our Eastern European operations continued to be the leaders in revenue growth in this segment, at 11.8%, followed by the Dominican Republic at 5.8%. Mexico and Brazil both experienced -2.5% revenue reductions, smaller than the ones registered in the first quarter. Broadband revenue was up 3.3%—a similar pace to that of the first quarter—whereas corporate network revenue growth increased to 8.9% from 4.9% in the prior quarter. The decline in PayTV revenue moderated somewhat, to -5.3%, mostly on account of improvements in Brazil.

Second quarter EBITDA totaled 82.7 billion pesos, a 4.0% increase in nominal terms and 4.2% at constant exchange rates, with the EBITDA margin rising 0.2 percentage points to 38.0%. EBITDA expanded 10.3% in our Eastern European operations, 8.8% in Brazil, 8.6% in the Dominican Republic and 5.2% in Mexico.

Our operating profit of 41.0 billion pesos in the quarter resulted in a net income of 13.7 billion pesos after comprehensive financing costs of 18.1 billion pesos of which approximately half were net interest payments.

Throughout the first half of the year, our operating cash flow, which already reflects our working capital requirements, fully covered our capital expenditures in the amount of 65.6 billion pesos. We raised 43.8 billion pesos in net financing in the period that helped us fund 19.6 billion pesos for the purchase of Oi and a price adjustment related to the sale of TracFone; and 11.6 billion pesos in labor obligations. Shareholder distributions of 16.3 billion pesos in share buybacks were partly funded by 3.2 billion pesos in dividend income from our KPN and Verizon stakes. Given the high seasonality of our working capital requirements we foresee a reduction in the second half of the year.

Our net debt excluding leases stood at 414.7 billion pesos at the end of June, a 7.1 billion increase relative to December. It was equivalent to 1.36 times net debt to LTM EBITDA. Approximately 55 billion pesos in debt obligations will be transferred to Sitios Latinoamérica upon its spin-off from América Móvil to take place in the third quarter.


América Móvil’s Income Statement Proforma⁽¹⁾ Millions of Mexican pesos
	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Service Revenue		180,685		172,952		4.5%		357,998		344,570		3.9%

Equipment Revenue		34,631		35,543		-2.6%		66,473		68,351		-2.7%

Total Revenue⁽²⁾		217,392		210,397		3.3%		428,617		416,682		2.9%

Cost of Service		55,384		54,213		2.2%		111,332		108,655		2.5%

Cost of Equipment		30,042		30,168		-0.4%		57,587		58,388		-1.4%

Selling, General & Administrative Expenses		47,983		44,986		6.7%		93,858		89,332		5.1%

Others		1,305		1,533		-14.9%		2,018		2,927		-31.0%

Total Costs and Expenses		134,714		130,900		2.9%		264,795		259,302		2.1%



EBITDA		82,677		79,497		4.0%		163,821		157,380		4.1%

% of Total Revenue		38.0%		37.8%				38.2%		37.8%



Depreciation & Amortization		41,717		40,085		4.1%		83,021		80,426		3.2%

EBIT		40,961		39,412		3.9%		80,800		76,955		5.0%

% of Total Revenue		18.80%		18.70%				18.90%		18.50%



Net Interest Expenses		9,983		8,363		19.4%		18,978		17,105		11.0%

Other Financial Expenses		12,237		-4,447		375.2%		18,478		6,300		193.3%

Foreign Exchange Loss		-4,138		-21,076		80.4%		-26,712		-4,715		n.m.

Comprehensive Financing Cost (Income)		18,082		-17,160		205.4%		10,744		18,690		-42.5%

Income & Deferred Taxes		7,808		16,949		-53.9%		23,000		19,126		20.3%

Net Income before Minority Interest and Equity Participation in Results of Affiliates		15,071		39,623		-62.0%		47,056		39,139		20.2%

Equity Participation in Results of Affiliates		11		3		326.9%		-4		16		-126.6%

Minority Interest		-1,399		-1,291		-8.3%		-2,571		-2,235		-15.1%

Net Income from Continued Operations		13,683		38,334		-64.3%		44,481		36,921		20.5%

Net Income from Discontinued Operations (TracFone)		0		4,481		-100.0%		0		7,705		-100.0%

Net Income		13,683		42,815		-68.0%		44,481		44,625		-0.3%

⁽¹⁾ Adjusted to reflect the sale of TracFone.

⁽²⁾ Total Revenue include Other Revenue.

n.m. Not meaningful.



Balance Sheet - América Móvil Consolidated Millions of Mexican Pesos

	Jun ‘22	Dec ‘21	Var.%		Jun ‘22	Dec ‘21	Var.%

Current Assets				Current Liabilities

Cash, Marketable Securities & Other Short Term Investments	150,756	156,383	-3.6%	Short Term Debt⁽¹⁾	126,465	145,223	-12.9%

Accounts Receivable	210,479	212,977	-1.2%	Lease-Related Debt	30,974	27,632	12.1%

Other Current Assets	19,189	10,611	80.8%	Accounts Payable	275,325	260,879	5.5%

Inventories	33,623	24,185	39.0%	Other Current Liabilities	111,684	100,279	11.4%

	414,047	404,157	2.4%		544,449	534,013	2.0%



Non Current Assets				Non Current Liabilities

Plant & Equipment, gross	1,469,046	1,408,997	4.3%	Long Term Debt	439,009	418,807	4.8%

-Depreciation	734,371	677,801	8.3%	Lease-Related Debt	72,294	71,022	1.8%

Plant & Equipment, net	734,675	731,197	0.5%	Other Liabilities	204,265	211,766	-3.5%

Rights of Use	93,862	90,372	3.9%		715,567	701,595	2.0%

Investments in Affiliates and Other Investments	9,756	9,947	-1.9%



Deferred Assets

Goodwill (Net)	141,645	136,578	3.7%

Intangible Assets	134,020	143,226	-6.4%	Shareholder’s Equity	446,404	454,042	-1.7%

Deferred Assets	178,415	174,173	2.4%



Total Assets	1,706,420	1,689,650	1.0%	Total Liabilities and Equity	1,706,420	1,689,650	1.0%

⁽¹⁾Includes current portion of Long Term Debt.

Mexico

374k mobile net adds

We added 374 thousand subscribers in the second quarter, including 22 thousand postpaids to end June with 81.4 million wireless clients, 3.3% more than a year before. On the fixed-line platform RGUs were off 1.3% year-on-year after disconnecting 105 thousand land-lines. Fixed-broadband accesses rose by 20 thousand units.

Mobile service revenue +8.8%

Our Mexican revenue totaled 76.8 billion pesos, 2.1% more than a year before, with service revenue expanding 4.9%, roughly in line with the pace registered the prior quarter. Mobile service revenue rose 8.8% helped along by a 10.4% increase in prepaid revenue, with postpaid revenue accelerating to a 6.6% pace. Postpaid ARPUs increased 7.2% and prepaid ARPUs 5.9% from the year-earlier quarter.

Broadband revenue +3.5% YoY

Fixed-line service revenue was down 2.5%, slightly less than in the prior quarter. This decline was fully driven by a reduction in voice revenue, which has become more rapid, -9.5% in the second quarter compared to -7.6% the prior one. Broadband revenue has accelerated somewhat, to 3.5%, from 3.1% in the first quarter. Corporate networks revenue was flat year-on-year, 0.1%, whereas they had declined 5.3% the precedent quarter.

EBITDA margin at 40.3% of revenue

EBITDA of 31.0 billion pesos was up 5.2% year-on-year, in line with the pace of the first quarter. It represented 40.3% of revenue, 1.2 percentage points more than a year before.

5G coverage in 40 cities

We have continued with the roll-out of our 5G network, reaching 40 cities with 56 million pops at the end of June. The deployment of 5G networks enables us to expand capacity more efficiently and enhances customer experience with greater speed and quality.

Income Statement Mexico Millions of MxP



	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		76,844		75,291		2.1%		149,203		146,757		1.7%

Total Service Revenue		58,490		55,743		4.9%		115,758		110,261		5.0%

Total Equipment Revenue		16,934		18,579		-8.9%		30,740		34,566		-11.1%

Wireless Revenue		56,835		55,223		2.9%		109,357		106,561		2.6%

Service Revenue		39,990		36,760		8.8%		78,823		72,239		9.1%

Equipment Revenue		16,845		18,464		-8.8%		30,534		34,322		-11.0%

Fixed Line Revenue		18,589		19,098		-2.7%		37,141		38,267		-2.9%

Service Revenue		18,500		18,984		-2.5%		36,935		38,022		-2.9%

Equipment Revenue		89		115		-22.5%		206		244		-15.5%

EBITDA		30,978		29,450		5.2%		61,283		58,209		5.3%

% total revenue		40.3%		39.1%				41.1%		39.7%

EBIT		22,986		21,727		5.8%		45,378		42,784		6.1%

% total revenue		29.9%		28.9%				30.4%		29.2%

⁽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

2Q22

2Q21

Var.%

Wireless Subscribers (thousands)

81,364

78,742

3.3%

Postpaid

14,541

14,556

-0.1%

Prepaid

66,824

64,185

4.1%

ARPU (MxP)

166

157

5.2%

Churn (%)

3.3%

3.5%

(0.2)

Revenue Generating Units (RGUs)⁽¹⁾

21,256

21,536

-1.3%

Fixed Lines

11,135

11,582

-3.9%

Broadband

10,120

9,954

1.7%

⁽¹⁾Fixed Line and Broadband.

Brazil

779k postpaid adds

Our wireless subscriber base ended June with a total of 85.7 million clients after incorporating 12.9 million subscribers from Oi (8.2 million prepaid and 4.7 million postpaid); it increased 7.5% organically year-on-year. As Claro runs the fastest data network in Brazil¹ it continued to lead growth in the wireless postpaid segment, adding 779 thousand contract clients. On the fixed-line platform we had a total of 24.7 million RGUs, down 4.7% after disconnecting 293 thousand units including 189 thousand PayTV subscriptions and 105 thousand voice lines.

Mobile service revenue +14% YoY organically

Revenue for the quarter totaled 10.5 billion reais, up 7.7%, following the integration of a portion of Oi’s former clients and revenues from May 1st. Organically, service revenue increased 5.0% in the period, accelerating from 2.4% in the first quarter. Mobile service revenue increased 13.7% organically—compared to 10.3% in the prior quarter—and 20.1% once the Oi revenues are taken into account. Postpaid revenue rose 14% and prepaid revenue 12.3%, organically.

FTTH in over 250 cities

Fixed-line service revenue declined 2.5% resulting from an 11.2% contraction in PayTV revenue and 13.1% in wireline voice revenue. Broadband revenue increased 5.0%—that compares to 4.3% in the first quarter—as we continued to roll-out fiber, now available in over 250 cities, 24 cities more than at the end of March; this has been instrumental to continue to lead in the Ultrabroadband market. Regarding corporate networks we posted the highest growth on record at 22.5% with strong performance of IOT and Digital Solutions.

EBITDA +8.8% YoY

EBITDA came in at 4.3 billion reais in the quarter, an 8.8% increase from the year-earlier quarter, as the EBITDA margin rose to 40.5% from 40.1%.

We were a net gainer from Mobile Number Portability in the second quarter. To further improve our customer experience, in July we launched 5G services in Brasilia with full capability and will continue with the rollout in all major cities in Brazil.

¹Source: Ookla

Income Statement Brazil Millions of BrL



	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		10,509		9,755		7.7%		20,540		19,529		5.2%

Total Service Revenue		10,179		9,427		8.0%		19,884		18,907		5.2%

Wireless Revenue		5,560		4,685		18.7%		10,596		9,249		14.6%

Service Revenue		5,253		4,375		20.1%		9,983		8,665		15.2%

Equipment Revenue		307		310		-0.8%		613		584		4.9%

Fixed Line Revenue		4,926		5,052		-2.5%		9,901		10,242		-3.3%

EBITDA		4,261		3,916		8.8%		8,280		7,821		5.9%

% total revenue		40.5%		40.1%				40.3%		40.0%

EBIT		1,473		1,383		6.6%		2,807		2,638		6.4%

% total revenue		14.0%		14.2%				13.7%		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.

Brazil Operating Data

2Q22

2Q21

Var.%

Wireless Subscribers (thousands)

85,735

67,772

26.5%

Postpaid

47,979

39,134

22.6%

Prepaid

37,756

28,638

31.8%

ARPU (BrL)

2.1%

Churn (%)

2.90%

3.20%

(0.3)

Revenue Generating Units (RGUs)⁽¹⁾

24,699

25,930

-4.7%

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

Colombia

612k mobile net adds, 60% YoY

We finished the quarter with 36.3 million wireless subscribers, 7.3% more than a year before, after net additions of 612 thousand, a 60% increase compared to last year’s quarter. The postpaid base grew 15.4%, to 9.3 million clients after net adds of 272 thousand—70.4% greater than last year’s, with prepaid net adds totaling 340 thousand. Fixed-line RGUs totaled 9.1 million and were up 4.6% over the year.

Mobile service revenue +2.3% YoY

Revenue expanded 3.2% to 3.7 trillion Colombian pesos, with service revenue rising 1.8%, up from 1.3% in the prior quarter. Mobile service revenue increased 2.3% relative to those of a year before; the recovery was more noticeable in prepaid than in postpaid, as revenue was up 4.2% in the former and 1.3% in the latter. Fixed-line service revenue expanded 1.2% with mixed results: on one hand a strong performance in corporate networks revenue that rose 19.1%, but on the other hand more intense competition in the broadband segment which resulted in a revenue decline of 3.8%.

EBITDA +1.3% YoY

We posted EBITDA growth of 1.3% to 1.5 trillion Colombian pesos, with the EBITDA margin for the period declining slightly to 42.0% of revenue. We had higher subscriber acquisition costs stemming from the 60% increase in net adds.

Income Statement – Colombia Billions of COP



	2Q22			2Q21			Var.%			Jan-Jun 22			Jan-Jun21			Var.%

Total Revenue⁽¹⁾		3,687			3,573			3.2	%		7,425			7,122			4.3	%

Total Service Revenue		2,836			2,785			1.8	%		5,666			5,579			1.6	%

Wireless Revenue		2,497			2,368			5.4	%		5,039			4,734			6.5	%

Service Revenue		1,699			1,662			2.3	%		3,387			3,352			1.1	%

Equipment Revenue		797			707			12.8	%		1,653			1,382			19.5	%

Fixed Line Revenue		1,162			1,152			0.9	%		2,332			2,285			2.1	%

EBITDA		1,549			1,529			1.3	%		3,155			3,062			3.0	%

% total revenue		42.0	%		42.8	%					42.5	%		43.0	%

EBIT		895			910			-1.6	%		1865			1,820			2.5	%

% total revenue		24.3	%		25.5	%					25.1	%		25.6	%

⁽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

2Q22

2Q21

Var.%

Wireless Subscribers (thousands)⁽¹⁾

36,322

33,844

7.3%

Postpaid

9,320

8,078

15.4%

Prepaid

27,002

25,765

4.8%

ARPU (COP)

15,850

16,545

-4.2%

Churn (%)

3.50%

3.90%

(0.4)

Revenue Generating Units (RGUs)⁽²⁾

9,075

8,673

4.6%

⁽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.

Peru

142k postpaid net adds

Our wireless subscriber base reached 12.2 million by the end of June, 6.1% more than a year before by adding 136 thousand subscribers in the quarter. The postpaid base grew 15.2% to 5.4 million after net gains of 142 thousand postpaid clients. Fixed-line RGUs were just shy of two million and increased 5.7% year-on-year.

Mobile service revenue +7.5% YoY

Total revenue of 1.6 billion soles was 7.1% higher than that obtained the prior year with service revenue up 6.3% on the back of mobile service revenue growth of 7.5%. We continued to experience a migration from prepaid to postpaid as a result of attractive commercial offers in the latter, which led to a 13.4% expansion in postpaid revenue at a cost of an 8.3% reduction in prepaid revenue. Fixed-line service revenue increased 2.9% led by PayTV and broadband revenue, up 7.5% and 5.6%, respectively.

EBITDA margin 32% of revenue

Second quarter EBITDA came in 10.6% below last year at 514 million soles. Following the trend observed in precedent quarters, the contraction in EBITDA derived mostly from intense commercial activity and subscriber acquisition costs. The EBITDA margin was 32.2% in the quarter, practically flat quarter-over-quarter.

Income Statement Peru Millions of Soles



	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		1,599		1,493		7.1%		3,195		2,936		8.8%

Total Service Revenue		1,156		1,088		6.3%		2,294		2,134		7.5%

Wireless Revenue		1,299		1,201		8.1%		2,601		2,368		9.8%

Service Revenue		864		804		7.5%		1,714		1,579		8.6%

Equipment Revenue		435		398		9.4%		887		789		12.4%

Fixed Line Revenue		292		284		2.9%		580		555		4.5%

EBITDA		514		575		-10.6%		1,026		1,121		-8.4%

% total revenue		32.2%		38.5%				32.1%		38.2%

EBIT		219		286		-23.5%		432		552		-21.7%

% total revenue		13.7%		19.2%				13.5%		18.8%

⁽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.

Peru Operating Data

2Q22

2Q21

Var.%

Wireless Subscribers (thousands)

12,202

11,501

6.1%

Postpaid

5,366

4,659

15.2%

Prepaid

6,836

6,842

-0.1%

ARPU (Sol)

0.5%

Churn (%)

4.30%

3.90%

0.3

Revenue Generating Units (RGUs)⁽¹⁾

1,962

1,855

5.7%

⁽¹⁾Fixed Line, Broadband and Television.

Ecuador

55k wireless net adds

We finished the quarter with 8.8 million wireless subscribers—6.0% more than a year before—after net adds of 55 thousand of which 24 thousand were postpaid. On the fixed-line segment, we had a total of 582 thousand RGUs, 18.0% more than a year before.

Service revenues +0.4% YoY

Second quarter revenue was 1.4% higher than those of a year before. Service revenue posted a 0.4% increase after thirteen consecutive quarters of declines. Wireless service revenue showed modest growth of 0.2% compared to -4.0% and -6.4% in the precedent quarters. Postpaid revenue was up 2.0%, but those from prepaid fell 2.2% short from a year before. Fixed-line service revenue exceeded by 2.2% compared with 2021.

EBITDA margin at 44.9% of revenue

EBITDA was practically flat from a year before at 115 million dollars. The EBITDA margin for the period stood at 44.9% of revenue.

The demonstrations that took place in June impacted the mobility of the population which affected our commercial operations and the pace of our revenue growth.


Income Statement Ecuador Millions of Dollars

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		256		252		1.4%		505		506		-0.1%

Total Service Revenue		225		224		0.4%		445		451		-1.4%

Wireless Revenue		228		225		1.2%		450		453		-0.6%

Service Revenue		198		198		0.2%		392		400		-1.9%

Equipment Revenue		30		27		9.0%		58		53		9.2%

Fixed Line Revenue		27		27		1.1%		55		52		4.3%

EBITDA		115		115		0.1%		229		224		2.2%

% total revenue		44.9%		45.5%				45.3%		44.4%

EBIT		64		60		6.6%		127		115		10.2%

% total revenue		25.0%		23.8%				25.1%		22.8%

⁽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

2Q22

2Q21

Var.%

Wireless Subscribers (thousands)

8,802

8,308

6.0%

Postpaid

2,135

2,048

4.2%

Prepaid

6,668

6,260

6.5%

ARPU (US$)

-6.3%

Churn (%)

3.30%

3.40%

-10.0%

Revenue Generating Units (RGUs)⁽¹⁾

582

493

18.0%

⁽¹⁾Fixed Line, Broadband and Television.

Chile

92k mobile net adds

We added 92 thousand wireless subscribers in the second quarter to finish June with 7.2 million subscribers, 7.1% more than in the prior year. On the fixed-line segment, we had 1.3 million RGUs, following net disconnections of 33 thousand units.

Corporate network revenue +6.7% YoY

Revenue of 187.2 billion Chilean pesos was down 3.7% relative to that of a year before. Competition remains intense in both the mobile and fixed-line segments and was behind service revenue dropping 7.7%. Mobile service revenue fell 10.1% while fixed-line service revenue declined 5.1%. Corporate networks revenue growth accelerated to 6.7% from 3.2% in the precedent quarter, reflecting a strong focus on the enterprise segment.

EBITDA margin at 17%

EBITDA was off 17.4% from the year-earlier quarter at 32.5 billion Chilean pesos. The margin for the period was equivalent to 17.4% of revenue.


Income Statement Chile Millions of ChP

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		187,224		194,423		-3.7%		387,238		394,515	-1.8%

Total Service Revenue		149,549		162,097		-7.7%		303,439		325,100	-6.7%

Wireless Revenue		115,803		119,074		-2.7%		242,854		243,699	-0.3%

Service Revenue		78,150		86,900		-10.1%		159,092		175,499	-9.3%

Equipment Revenue		37,652		32,174		17.0%		83,762		68,200	22.8%

Fixed Line Revenue		71,400		75,197		-5.0%		144,349		149,602	-3.5%

EBITDA		32,538		39,395		-17.4%		68,545		83,923	-18.3%

% total revenue		17.4%		20.3%				17.7%		21.3%

EBIT		-30,395		-20,801		-46.1%		-50,638		-29,359	-72.5%

% total revenue		-16.2%		-10.7%				-13.1%		-7.4%

⁽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.

Chile Operating Data

2Q22

2Q21

Var.%

Wireless Subscribers (thousands)

7,228

6,746

7.1%

Postpaid

2,989

2,617

14.2%

Prepaid

4,239

4,129

2.7%

ARPU (ChP)

3,540

4,553

-22.2%

Churn (%)

4.40%

4.80%

-50.0%

Revenue Generating Units (RGUs)⁽¹⁾

1,284

1,372

-6.4%

⁽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.

168k wireless net adds and 92k new broadband accesses

We obtained 168 thousand new wireless subscribers in the period—139 thousand were postpaid—to finish June with a total of 23.7 million wireless subscribers, 4.3% more than a year before. Fixed-line RGUs increased 54.3% to 2.1 million after adding 92 thousand broadband accesses and 52 thousand PayTV subscriptions.

Inflationary pressures have been very strong in Argentina and became even more intense in the second quarter. The acceleration of inflation resulted in revenue of 54.3 billion Argentinean pesos falling 7.3% in after-inflation terms. Service revenue declined 10.7% as mobile services revenue was down 11.2% and fixed-line service revenue was off 7.7%, all of the above in real terms.

EBITDA margin at 40% of revenue

Second quarter EBITDA was down 6.0% to 21.9 billion Argentinean pesos. However, the margin expanded 50 basis points from the year-earlier quarter to 40.2% of revenue as a result of our efforts to contain costs.


Income Statement Argentina Millions of constant ARS of June 2022

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		54,314		58,601		-7.3%		111,643		117,953	-5.3%

Total Service Revenue		43,127		48,319		-10.7%		90,172		96,255	-6.3%

Wireless Revenue		48,086		51,820		-7.2%		98,601		104,977	-6.1%

Service Revenue		37,051		41,734		-11.2%		77,392		83,548	-7.4%

Equipment Revenue		11,034		10,086		9.4%		21,208		21,428	-1.0%

Fixed Line Revenue		6,076		6,585		-7.7%		12,780		12,706	0.6%

EBITDA		21,859		23,267		-6.0%		44,586		46,783	-4.7%

% total revenue		40.2%		39.7%				39.9%		39.7%

EBIT		17,645		18,366		-3.9%		35,758		36,645	-2.4%

% total revenue		32.5%		31.3%				32.0%		31.1%

⁽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.

Argentina Operating Data

2Q22

2Q21

Var.%

Wireless Subscribers (thousands)

23,669

22,697

4.3%

Postpaid

8,998

8,642

4.1%

Prepaid

14,672

14,055

4.4%

ARPU (ARS)

507

378

34.1%

Churn (%)

1.60%

1.20%

40.0%

Revenue Generating Units (RGUs)⁽¹⁾

2,101

1,362

54.3%

⁽¹⁾Fixed Line, Broadband and Television.

Central America

213k mobile net adds and 71k new fixed-line RGUs

Our wireless subscriber base finished June with nearly 17 million clients, 6.7% more than in the same period of last year. Net additions totaled 213 thousand subscribers of which 40 thousand were postpaid. On the fixed-line segment we had 4.6 million RGUs, 5.2% more than a year before after connecting 71 thousand new accesses, including 25 thousand broadband accesses and 40 thousand PayTV clients.

Mobile service revenue +3.5% YoY

Revenue reached 620 million dollars, 3.5% more than a year before. Service revenue rose 1.9% on the back of mobile service revenue that increased 3.5%. Prepaid revenue was up 4.9% and postpaid revenue continued to recover, expanding 1.7%. Fixed-line service revenue declined 1.2% year-on-year as the growth of broadband and PayTV revenue, 1.5% and 2.9%, respectively failed to compensate for the decline in voice.

EBITDA margin at 42% of revenue

EBITDA came in at 259 million dollars, up 1.1% relative to the year-earlier quarter. The margin for the period stood at 41.7% of revenue.


Income Statement Central America Millions of Dollars

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		620		599		3.5%		1223		1179	3.7%

Total Service Revenue		529		519		1.9%		1054		1032	2.1%

Wireless Revenue		429		408		5.1%		837		797	5.1%

Service Revenue		350		338		3.5%		694		669	3.6%

Equipment Revenue		78		69		13.0%		144		127	12.8%

Fixed Line Revenue		186		187		-0.2%		375		374	0.2%

EBITDA		259		256		1.1%		516		495	4.3%

% total revenue		41.7%		42.7%				42.2%		42.0%

EBIT		117		115		1.8%		231		215	7.0%

% total revenue		19.0%		19.3%				18.9%		18.3%

⁽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.

Central America Operating Data

2Q22

2Q21

Var.%

Wireless Subscribers (thousands)

16,976

15,912

6.7%

Postpaid

2,463

2,314

6.4%

Prepaid

14,513

13,599

6.7%

ARPU (US$)

-2.7%

Churn (%)

6.00%

5.90%

10.0%

Revenue Generating Units (RGUs)⁽¹⁾

4,552

4,327

5.2%

⁽¹⁾Fixed Line, Broadband and Television.

Caribbean

76k wireless net adds in Dominican Republic

Our subscriber base in Dominican Republic ended June with 6.2 million clients, 8.6% more than last year. We added 63 thousand prepaid clients and 13 thousand postpaids which resulted in an increase of 10.2% of the prepaid base and 3.6% for that of postpaid. Fixed-line RGUs expanded 3.0% over the year to two million accesses with broadband leading the way.

Mobile service revenue up 6.9% YoY

In Dominican Republic, revenue rose 6.7% year-on-year to 14.6 billion Dominican pesos, with service revenue rising 6.4%. Wireless service revenue was up 6.9% in the period increasing 8.9% in the prepaid segment and 4.4% on postpaid. Fixed-line service revenue was 5.8% greater than last year’s on the back of broadband revenue that expanded 15.1% and corporate networks revenue that was up 13.0%.

EBITDA +8.6% YoY

EBITDA increased 8.6% to 7.6 billion Dominican pesos, with the EBITDA margin expanding 0.9 percentage points to 51.8%.

Subscriber base +1.8% YoY in Puerto Rico

In Puerto Rico we had just over one million wireless subscribers at the end of June, 1.8% more than a year before, and we had 651 thousand fixed-line RGUs.

Wireless service revenue +2.7% YoY

Revenue declined 1.9%, but service revenue was up slightly, 0.4%, with the annual comparison still affected by the decline in federal funds received in 2021; adjusting for this extraordinary base effect, service revenue would have increased 5.2%. Wireless service revenue increased 2.7% led by revenue expansion of 4.6% on the postpaid division that compares to an 8.5% decline in prepaid. Fixed-line service revenue declined 2.8% (+9.6% adjusted for federal government aid funds); mostly on the back of PayTV and broadband revenue. EBITDA fell 6.8% and the margin was equivalent to 19.8% of revenue.


Income Statement Caribbean Millions of Dollars

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		488		467		4.5%		961		919		4.5%

Total Service Revenue		429		405		5.9%		845		799		5.8%

Wireless Revenue		312		295		5.7%		618		581		6.3%

Service Revenue		252		235		7.1%		502		464		8.1%

Equipment Revenue		59		59		0.3%		116		117		-0.7%

Fixed Line Revenue		178		171		4.2%		348		339		2.6%

EBITDA		181		169		7.0%		360		333		8.4%

% total revenue		37.2%		36.3%				37.5%		36.2%

EBIT		94		84		11.9%		186		165		12.6%

% total revenue		19.3%		18.0%				19.3%		17.9%

⁽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.

Caribbean Operating Data

2Q22

2Q21

Var.%

Wireless Subscribers (thousands)

7,222

6,713

7.6%

Postpaid

2,157

2,112

2.1%

Prepaid

5,065

4,601

10.1%

ARPU (US$)

-1.7%

Churn (%)

3.00%

2.90%

10.0%

Revenue Generating Units (RGUs)⁽¹⁾

2,673

2,615

2.2%

⁽¹⁾Fixed Line, Broadband and Television.

Austria

222k wireless net adds

After adding 222 thousand new clients in the second quarter, almost all postpaid, our wireless subscriber base finished June with 8.3 million wireless subscribers. On the fixed-line platform we had nearly three million RGUs, including 1.3 million broadband accesses and 302 thousand PayTV units.

Mobile service revenue +6.2% YoY

Revenue increased 1.5% over the year to 676 million euros in the second quarter. Service revenue was up 2.1%—from 1.3% in the first quarter—with mobile revenue rising 6.2%. We saw a strong performance in both the postpaid and the prepaid segments, at 6.3% and 5.4%, respectively. We have experienced strong demand for mobile WiFi and have benefited from a resurgence of roaming revenue and certain inflation-linked price adjustments. Fixed-line service revenue fell 0.8% on account of a contraction in retail fixed-line revenue stemming from disconnections of voice and low-bandwidth RGUs as well as from lower interconnection revenues.

EBITDA 3.7% YoY

EBITDA after restructuring charges was up 3.7% as service revenue growth exceeded the cost increases derived from energy and other commercial expenses. The margin for the quarter stood at 38.2% of revenue, 0.8 percentage points above last year’s.


Income Statement Austria Millions of Euros

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		676		666		1.5%		1,340		1,324		1.2%

Total Service Revenue		603		591		2.1%		1,191		1,172		1.7%

Wireless Revenue		302		291		3.7%		604		585		3.2%

Service Revenue		255		240		6.2%		504		477		5.8%

Equipment Revenue		47		51		-8.0%		99		108		-8.2%

Fixed Line Revenue		362		361		0.5%		709		713		-0.5%

EBITDA		258		249		3.7%		503		478		5.2%

% total revenue		38.2%		37.4%				37.5%		36.1%

Adjusted EBITDA⁽¹⁾		279		270		3.1%		544		520		4.7%

% total revenue		41.2%		40.5%				40.6%		39.3%

EBIT		123		109		12.6%		229		203		12.9%

% total revenue		18.2%		16.4%				17.1%		15.4%

For further detail please visit www.a1.group/en/investor-relations

⁽¹⁾Total revenue include other income.

⁽²⁾Does not include restructuring charges in Austria.

Austria Operating Data

2Q22

2Q21

Var.%

Wireless Subscribers (thousands)⁽¹⁾

8,306

7,484

11.0%

Postpaid

7,239

6,471

11.9%

Prepaid

1,066

1,013

5.2%

ARPU (euros)

-4.2%

Churn (%)

0.70%

0.90%

-20.0%

Revenue Generating Units (RGUs)⁽²⁾

2,995

3,096

-3.3%

⁽¹⁾Includes A1 Digital subscribers.

⁽²⁾Fixed Line, Broadband and Television.

Other European

132k wireless net adds and 36k new broadband accesses

Our combined operations in Eastern Europe had 15 million wireless subscribers by the end of June, 0.9% more than a year before. Net additions of 132 thousand in the quarter include 60 thousand from Bulgaria, 50 thousand from Croatia and 21 thousand from Serbia. On the fixed-line segment we reached 3.1 million RGUs, 5.5% more than a year before after connecting 36 thousand new broadband accesses and 51 thousand PayTV units.

Service revenue +10% YoY

Second quarter revenue increased 7.3% above the same period of 2021 at 544 million euros. Service revenue expanded 10.2% annually with those coming from fixed-line growing 11.8% and those from mobile 9.6%. All countries posted service revenue growth in both segments. Bulgaria led the way expanding its service revenue by 12.5% followed by Serbia with 10.2% and Belarus with 9.9%.

EBITDA +10% YoY

EBITDA for the block increased 10.3%, the fastest pace amongst our operations, to reach 211 million euros in the quarter. The margin climbed one percentage point in twelve months to 38.7% of revenues. We have experienced increased energy costs in most markets, as well as higher workforce and content costs in some of these countries. However, we have been improving operational efficiencies and equipment margins.


Income Statement Other European Millions of Euros

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		544		507		7.3%		1,052		991		6.2%

Total Service Revenue		432		392		10.2%		837		772		8.3%

Wireless Revenue		417		395		5.7%		806		770		4.6%

Service Revenue		322		294		9.6%		621		577		7.6%

Equipment Revenue		95		101		-5.7%		185		193		-4.3%

Fixed Line Revenue		115		103		11.6%		226		204		10.7%

EBITDA		211		191		10.3%		409		373		9.6%

% total revenue		38.7%		37.7%				38.9%		37.7%

EBIT		110		93		18.5%		211		176		19.4%

% total revenue		20.2%		18.3%				20.0%		17.8%

For further detail please visit www.a1.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

2Q22

2Q21

Var.%

Wireless Subscribers (thousands)

14,969

14,841

0.9%

Postpaid

12,113

11,898

1.8%

Prepaid

2,856

2,943

-3.0%

ARPU (euros)

7.8%

Churn (%)

1.5%

1.3%

0.2

Revenue Generating Units (RGUs)⁽¹⁾

3,140

2,975

5.5%

⁽¹⁾Fixed Line, Broadband and Television.


Exchange Rates Local Currency Units per MxP

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Euro

End of Period		0.0477		0.0426		12.1%		0.0477		0.0426		12.1%

Average		0.0468		0.0414		13.1%		0.0451		0.0411		9.6%

U.S.

End of Period		0.05		0.0505		-0.9%		0.05		0.0505		-0.9%

Average		0.0499		0.0499		0.0%		0.0493		0.0496		-0.5%

Brazilean Real

End of Period		0.2621		0.2526		3.8%		0.2621		0.2526		3.8%

Average		0.2453		0.2645		-7.2%		0.2503		0.2669		-6.2%

Argentinean Peso

End of Period		6.2663		4.8337		29.6%		6.2663		4.8337		29.6%

Average		5.8822		4.6912		25.4%		5.5335		4.525		22.3%

Chilean Peso

End of Period		46.6397		36.7505		26.9%		46.6397		36.7505		26.9%

Average		41.9412		35.7278		17.4%		40.674		35.6841		14.0%

Colombian Peso

End of Period		206.5315		189.7049		8.9%		206.5315		189.7049		8.9%

Average		195.2361		184.1971		6.0%		192.9216		179.5143		7.5%

Guatemalan Quetzal

End of Period		0.3881		0.3911		-0.8%		0.3881		0.3911		-0.8%

Average		0.3837		0.3853		-0.4%		0.3794		0.3835		-1.1%

Peruvian Sol

End of Period		0.1916		0.1952		-1.8%		0.1916		0.1952		-1.8%

Average		0.1872		0.1895		-1.2%		0.1864		0.1849		0.8%

Dominican Republic Peso

End of Period		2.7541		2.889		-4.7%		2.7541		2.889		-4.7%

Average		2.7555		2.8519		-3.4%		2.7585		2.8536		-3.3%


Exchange Rates Local Currency units per USD

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Euro

End of Period		0.9538		0.8433		13.1%		0.9538		0.8433		13.1%

Average		0.9388		0.8301		13.1%		0.914		0.8298		10.1%

Mexican Peso

End of Period		19.9847		19.8027		0.9%		19.9847		19.8027		0.9%

Average		20.04		20.0438		0.0%		20.28		20.1751		0.5%

Brazilean Real

End of Period		5.238		5.0022		4.7%		5.238		5.0022		4.7%

Average		4.9166		5.3008		-7.2%		5.0756		5.3842		-5.7%

Argentinean Peso

End of Period		125.23		95.72		30.8%		125.23		95.72		30.8%

Average		117.8793		94.0292		25.4%		112.22		91.2931		22.9%

Chilean Peso

End of Period		932.08		727.76		28.1%		932.08		727.76		28.1%

Average		840.5028		716.1197		17.4%		824.8671		719.9293		14.6%

Colombian Peso

End of Period		4,127.47		3,756.67		9.9%		4,127.47		3,756.67		9.9%

Average		3,912.5390		3,692.0052		6.0%		3,912.4429		3,621.7134		8.0%

Guatemalan Quetzal

End of Period		7.7561		7.744		0.2%		7.7561		7.744		0.2%

Average		7.6893		7.7233		-0.4%		7.6939		7.7376		-0.6%

Peruvian Sol

End of Period		3.83		3.866		-0.9%		3.83		3.866		-0.9%

Average		3.7513		3.798		-1.2%		3.7807		3.7298		1.4%

Dominican Republic Peso

End of Period		55.04		57.21		-3.8%		55.04		57.21		-3.8%

Average		55.2209		57.1628		-3.4%		55.9416		57.5708		-2.8%

Appendix


Financial Debt of América Móvil⁽¹⁾ Millions

	Jun-22		Dec-21

Peso - denominated debt (MxP)		104,948		85,737

Bonds⁽²⁾		51,809		51,657

Banks and others		53,139		34,080

U.S. Dollar - denominated debt (USD)		9,451		8,466

Bonds		8,746		7,751

Banks and others		705		715

Euro - denominated Debt (EUR)		7,739		8,497

Bonds		6,639		7,697

Commercial Paper		0		0

Banks and others		1,100		800

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

Bonds		2,200		2,200

Reais - denominated Debt (BRL)		9,391		5,500

Bonds		7,750		5,500

Banks and others		1,641		0

Debt denominated in other currencies⁽³⁾ (MxP)		20,119		23,384

Bonds		5,461		6,102

Banks and others		14,658		17,282

Total Debt (MxP)		565,474		564,030

Cash, Marketable Securities and Short Term Financial Investments (MxP)⁽⁴⁾		157,480		163,278

Net Debt (MxP)		407,993		400,752

⁽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 and Chilean pesos.

⁽⁴⁾Includes fixed income securities with nominal tenor of more than one year.


Summary Cash Flow Millions of Mexican pesos

	Jan-Jun 22		Jan-Jun 21

Funds from Operations		67,136		117,158

Capital Expenditures		65,578		57,392

Free Cash Flow*		294		58,619

Dividends and Share Buybacks		13,144		11,170

Sale of Ownership Interest		19,590		3

Net Debt Amortizations		-43,835		36,866

Amortization of Labor Obligations		11,617		5,560

Other		-222		5,020

*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 and 2021

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 leases.

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.



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 difference 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.