Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of July, 2024

Commission File Number: 1-16269

AMÉRICA MÓVIL, S.A.B. DE C.V.

(Exact name of registrant as specified in its charter)

America Mobile

(Translation of Registrant´s name into English)

Lago Zurich 245

Plaza Carso / Edificio Telcel

Colonia Ampliación Granada

Alcaldía 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 Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ☐ No ☒

Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation 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 12g3-2(b) under the Securities Exchange Act of 1934. Yes ☐ No ☒

LOGO

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 2024.

•

We added 2.4 million subscribers in the second quarter, of which 1.8 million were postpaid subscribers, with Brazil gaining 907 thousand, Colombia 183 thousand and Mexico 99 thousand.

•

Our prepaid platform registered 599 thousand net additions in the period mostly contributed by Colombia and Argentina with 261 thousand subscribers and 191 thousand, respectively.

•

On the fixed-line segment we connected 376 thousand new broadband accesses, with Mexico adding 148 thousand, followed by Brazil and Argentina with almost 63 thousand each.

•

Second quarter revenue rose 1.5% year-on-year to 206 billion pesos. Service revenue was up 3.5% year-on-year in Mexican peso terms and 4.7% at constant exchange rates.

•

Mobile service revenue growth accelerated to a 5.1% pace from 4.9% the prior quarter on the back of stronger postpaid revenue growth, 6.2%, as prepaid revenue stayed on pace.

•

On the fixed-line platform service revenue was up 4.1% with broadband revenue growth continuing to improve reaching 7.9%. Corporate network revenue increased 7.2%.

•

EBITDA was up 5.6% in Mexican peso terms and 6.9% at constant exchange rates, resulting in a 40.4% EBITDA margin

•

Our operating profit came in at 45.5 billion pesos, having risen 12.9% from the year-earlier quarter, but with our comprehensive financing costs reaching 40.2 billion pesos on account of foreign exchange losses resulting mainly from the depreciation of the Mexican peso we ended up posting a net loss of 1.1 billion pesos in the quarter.

•

In the first half of the year, our net financing of 14.3 billion pesos coupled with our operating cash flow allowed us to cover 56.2 billion pesos in capital expenditures, 12.5 billion pesos in share buybacks and a similar amount in labor obligations. Our cash flow was generally stronger vs that of the same period of the prior year.

•

At the end of June, our net debt—excluding leases—stood at 404.2 billion pesos. It was equivalent to a net debt-to-EBITDAaL ratio of 1.38 times.


		Content
		Highlights

		Relevant events

		Subscribers

		América
		Móvil
		Consolidated


		Mexico


		Brazil


		Colombia


		Other South
		America


		Central
		America and The
		Caribbean


		Austria


		Other
		European


		Currency
		Exchange
		Rates


		Appendix


		Glossary

We will host our conference call to discuss 2Q24 financial and operating results on July 17^th at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors

LOGO


América Móvil Fundamentals

	2Q24	2Q23

Earnings per Share (Mex$)⁽¹⁾	-0.02	0.41

Earning per ADR (US$)⁽²⁾	-0.02	0.46

EBITDA per Share (Mex$)⁽³⁾	1.34	1.25

EBITDA per ADR (US$)	1.56	1.41

Net Income (millions of Mex$)	-1,093	25,875

Average Shares Outstanding (billion)	61.9	63.2

Shares Outstanding End of Period (billion)	61.7	63.2

⁽¹⁾ Net Income / Average Shares Outstanding

⁽²⁾ 20 shares per ADR

⁽³⁾ EBITDA / Average Shares Outstanding


América Móvil’s Subsidiaries as of June 2024

Country	Brand	Main Activity	Equity

Mexico	Telcel	wireless	100.0%

	Telmex	wireline	98.8%

Argentina	Claro	wireless/wireline	100.0%

Austria	A1	wireless/wireline	60.0%

	EuroTeleSites	towers	57.0%

Brazil	Claro	wireless/wireline	99.6%

Colombia	Claro	wireless/wireline	99.4%

Costa Rica	Claro	wireless/wireline	100.0%

The Dominican Republic	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%

Paraguay	Claro	wireless/wireline	100.0%

Peru	Claro	wireless/wireline	100.0%

Puerto Rico	Claro	wireless/wireline	100.0%

Uruguay	Claro	wireless	100.0%

Other Stakeholdings

Country	Brand	Main Activity	Equity

Chile	Claro/VTR	wireless/wireline	50.0%


		Content
		Highlights

		Relevant events

		Subscribers

		América
		Móvil
		Consolidated


		Mexico


		Brazil


		Colombia


		Other South
		America


		Central
		America and The
		Caribbean


		Austria


		Other
		European


		Currency
		Exchange
		Rates


		Appendix


		Glossary

LOGO

Note

The reported figures for Argentina corresponding to the second quarter of 2024 are presented in accordance with IAS29 reflecting the effects of inflationary accounting as the Argentinean economy is deemed to be hyperinflationary. All comparisons at constant exchange rates for América Móvil’s consolidated figures will exclude Argentina to ensure consistency.

Relevant Events

América Móvil to consolidate ClaroVTR upon regulatory approval

On June 24th we announced that América Móvil had been informed by Liberty Latin America that it would not exercise its catch-up right by which it would be able to maintain a 50% stake in the ClaroVTR joint venture. Once América Móvil converts into equity the outstanding notes, its stake in the Chilean joint venture will increase from 50% to approximately 91%. The conversion will occur once the approval from the regulator is obtained, at which point America Móvil will consolidate the Chilean operation.

The funds contributed to the Chilean JV enabled for a swift integration of Claro and VTR and to execute a business plan for the period 2023-2026. As of today, we can report that:

- We achieved a full integration of both companies and have worked on the optimization of resources. As a result, we shall generate important operating synergies.

- We are in the process of modernizing our mobile and fixed-line infrastructure:

1.) On the mobile side, we have expanded our coverage footprint by adding 1,200 new sites and have upgraded our network to be able to provide 5G services. We have just been awarded the use of 50MHz of 5G spectrum and will begin with the roll-out shortly.

2.) On the fixed-line platform we are in the process of migrating customers to FTTH. This will be done through the modernization and expansion of our own fiber network and through a long-dated commercial agreement to lease capacity from On*Net.

- We have been growing our customer base in both fixed and mobile for the last twelve months; as of June 31st, ClaroVTR had 2.7 million fixed-line RGUs, including 1.4 million broadband accesses, and 5.1 million wireless subscribers.

The consolidation of ClaroVTR into América Móvil’s balance sheet will add less than 0.1x net debt/EBITDA to the company’s leverage.


		Content

		Highlights

		Relevant events

		Subscribers

		América
		Móvil
		Consolidated


		Mexico


		Brazil


		Colombia


		Other South
		America


		Central
		America and The
		Caribbean


		Austria


		Other
		European


		Currency
		Exchange
		Rates


		Appendix


		Glossary

LOGO

Access Lines

1.8M postpaid net adds

We added 2.4 million subscribers in the second quarter, of which 1.8 million were postpaid, with Brazil contributing 907 thousand, Colombia 183 thousand and Mexico 99 thousand. Our prepaid platform booked 599 thousand net additions in the period, with Colombia gaining 261 thousand subscribers, followed by Argentina with 191 thousand.

376k new broadband accesses

In the fixed-line segment we obtained 376 thousand broadband accesses, including 148 thousand in Mexico and approximately 63 thousand each in Argentina and Brazil. Voice lines and PayTV units registered losses in the period, and were down 63 thousand and 56 thousand, respectively.

Postpaid base up 6.6% YoY

Our subscriber base comprised 314 million wireless subscribers at the end of June, 125 million of which were postpaid clients. In addition, we had 74 million fixed-line RGUs, including 33 million broadband accesses, 13 million PayTV clients, and 29 million landlines. Our postpaid base increased 6.6% year-on-year, with prepaid expanding 1.6% and fixed broadband accesses 4.9%.


Wireless subscribers as of June 2024

Total⁽¹⁾(Thousands)

Country	Jun ’24	Mar ’24	Var.	%	Jun ’23	Var.	%

Argentina, Paraguay and Uruguay	28,531	28,301	0.8	%	27,462	3.9	%

Austria⁽²⁾	10,887	10,483	3.8	%	9,511	14.5	%

Brazil	88,328	87,652	0.8	%	83,671	5.6	%

Central America	16,786	16,717	0.4	%	16,834	-0.3	%

The Caribbean	7,743	7,668	1.0	%	7,469	3.7	%

Colombia	40,187	39,744	1.1	%	38,424	4.6	%

Eastern Europe	15,062	14,957	0.7	%	14,975	0.6	%

Ecuador	9,610	9,479	1.4	%	9,290	3.4	%

Mexico	84,199	83,994	0.2	%	83,243	1.1	%

Peru	12,662	12,645	0.1	%	12,323	2.8	%

Total Wireless Lines	313,995	311,641	0.8	%	303,202	3.6	%

(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.


		Content

		Highlights

		Relevant events

		Subscribers

		América
		Móvil
		Consolidated


		Mexico


		Brazil


		Colombia


		Other South
		America


		Central
		America and The
		Caribbean


		Austria


		Other
		European


		Currency
		Exchange
		Rates


		Appendix


		Glossary

LOGO


Fixed-Line and Other Accesses (RGUs) as of June 2024

Total⁽¹⁾(Thousands)

Country	Jun ’24	Mar ’24	Var.	%	Jun ’23	Var.	%

Argentina, Paraguay and Uruguay	3,825	3,670	4.2	%	3,250	17.7	%

Austria	2,782	2,807	-0.9	%	2,892	-3.8	%

Brazil	22,697	22,879	-0.8	%	23,452	-3.2	%

Central America	5,027	4,963	1.3	%	4,763	5.5	%

The Caribbean	2,827	2,800	0.9	%	2,750	2.8	%

Colombia	9,521	9,487	0.4	%	9,334	2.0	%

Eastern Europe	3,501	3,461	1.2	%	3,357	4.3	%

Ecuador	560	560	-0.1	%	615	-8.9	%

Mexico	21,724	21,598	0.6	%	21,074	3.1	%

Peru	1,904	1,886	1.0	%	1,957	-2.7	%

Total RGUs	74,368	74,112	0.3	%	73,444	1.3	%

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


Broadband accesses as of June 2024

Total⁽¹⁾(Thousands)

Country	Jun ’24	Mar ’24	Var.	%	Jun ’23	Var.	%

Argentina, Paraguay and Uruguay	1,587	1,514	4.8	%	1,314	20.7	%

Austria	1,268	1,272	-0.2	%	1,293	-1.9	%

Brazil	10,145	10,083	0.6	%	9,866	2.8	%

Central America	1,603	1,573	1.9	%	1,485	7.9	%

The Caribbean	1,073	1,061	1.1	%	1,022	5.0	%

Colombia	3,406	3,395	0.3	%	3,336	2.1	%

Eastern Europe	1,493	1,472	1.4	%	1,418	5.3	%

Ecuador	333	328	1.5	%	340	-1.8	%

Mexico	10,962	10,814	1.4	%	10,304	6.4	%

Peru	1,027	1,010	1.7	%	972	5.6	%

Total Broadband Accesses	32,897	32,521	1.2	%	31,350	4.9	%

⁽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.


		Content
		Highlights

		Relevant events

		Subscribers

		América
		Móvil
		Consolidated


		Mexico


		Brazil


		Colombia


		Other South
		America


		Central
		America and The
		Caribbean


		Austria


		Other
		European


		Currency
		Exchange
		Rates


		Appendix


		Glossary

LOGO

América Móvil Consolidated Results

The second quarter of the year got started with an important surge in long-dated U.S. Treasury yields with those in the 10-year tenor advancing 50 basis points in April on the back of unexpectedly strong employment figures. They remained volatile throughout the quarter, closing June at 4.40%, practically the mid-point of the range in which they traded in the period. The Mexican peso, which had withstood well the U.S. interest rate volatility, weakened sharply following the Mexican presidential elections on June 2nd. After months of appreciating vis-à-vis, not only the U.S. dollar, but also practically all the currencies in our region of operation, the Mexican peso was to depreciate against all.

Our second quarter revenue, 206 billion pesos, was up 1.5% from a year before, with service revenue expanding 3.5% and equipment revenue falling 9.8%. At constant exchange rates service revenue increased 4.7% year-on-year—practically the same pace it had maintained the prior quarter, but with slightly faster mobile revenue growth and somewhat slower fixed-line revenue growth—helping bring about a 6.9% increase in EBITDA. The greater operating leverage stemming from positive revenue growth on both platforms has been the main driver of EBITDA growth.

Mobile service revenue accelerated to a 5.1% pace from 4.9% the precedent quarter on the back of stronger postpaid revenue growth, as prepaid revenue stayed on pace. On the fixed-line platform service revenue growth decelerated to a 4.1% pace from 5.1% the prior quarter basically on account of corporate networks revenue, which had seen a big jump then. However, broadband revenue growth continued to improve, reaching 7.9%, up from 6.4% in the first quarter and corporate networks revenue increased 7.2%. It is important to note that fixed-broadband revenue has come to be nearly 25% higher than the combined PayTV and fixed-voice revenue.

EBITDA totaled 83.1 billion pesos in the quarter which represented a 5.6% increase in Mexican peso terms from the year-earlier-quarter and 6.9% at constant exchange rates, as seen above. The consolidated EBITDA margin reached 40.4% in the quarter, a 1.5 percentage points improvement from a year before.


		Content
		Highlights

		Relevant events

		Subscribers

		América
		Móvil
		Consolidated


		Mexico


		Brazil


		Colombia


		Other South
		America


		Central
		America and The
		Caribbean


		Austria


		Other
		European


		Currency
		Exchange
		Rates


		Appendix


		Glossary

LOGO

Our net debt excluding leases ended the quarter at 404.2 billion pesos after an 18.8 billion pesos increase relative to December brought about for the most part by currency effects following the depreciation of the Mexican peso. In cash flow terms our net debt increased by 14.3 billion pesos. This funding helped us cover share-buybacks in the amount of 12.5 billion pesos and labor obligations for a similar amount, with capital expenditures totaling 56.2 billion pesos in the six months to June. We had a stronger free cash flow overall compared to that of the first half of 2023 partly because of lower capital expenditures.


		Content
		Highlights

		Relevant events

		Subscribers

		América
		Móvil
		Consolidated


		Mexico


		Brazil


		Colombia


		Other South
		America


		Central
		America and The
		Caribbean


		Austria


		Other
		European


		Currency
		Exchange
		Rates


		Appendix


		Glossary

LOGO


América Móvil’s Income Statement Millions of Mexican pesos

	2Q24			2Q23			Var.%			Jan-Jun 24			Jan-Jun 23			Var.%

Service Revenue		175,138			169,206			3.5	%		346,028			338,259			2.3	%

Equipment Revenue		28,050			31,103			-9.8	%		58,013			62,336			-6.9	%

Other Revenue		2,336			2,223			5.1	%		4,781			10,864			-56.0	%

Total Revenue		205,524			202,532			1.5	%		408,822			411,458			-0.6	%

Cost of Service		52,154			51,330			1.6	%		104,074			103,155			0.9	%

Cost of Equipment		23,815			27,269			-12.7	%		49,731			54,916			-9.4	%

Selling, General & Administrative Expenses		44,690			43,896			1.8	%		88,289			87,853			0.5	%

Others		1,750			1,337			30.9	%		3,030			4,127			-26.6	%

Total Costs and Expenses		122,410			123,833			-1.1	%		245,124			250,050			-2.0	%


EBITDA		83,114			78,699			5.6	%		163,698			161,407			1.4	%

% of Total Revenue		40.4	%		38.9	%					40.0	%		39.2	%

Adjusted EBITDA⁽¹⁾		83,114			78,699			5.6	%		163,442			156,807			4.2	%

% of Total Revenue		40.4	%		38.9	%					40.0	%		38.7	%



Depreciation & Amortization		37,606			38,391			-2.0	%		77,432			76,975			0.6	%

EBIT		45,508			40,308			12.9	%		86,266			84,433			2.2	%

% of Total Revenue		22.1	%		19.9	%					21.1	%		20.5	%


Net Interest Expenses		11,668			8,117			43.7	%		22,946			16,839			36.3	%

Other Financial Expenses		-3,574			8,034			-144.5	%		-2,819			12,639			-122.3	%

Foreign Exchange Loss		32,117			-14,047			328.6	%		33,791			-27,749			221.8	%

Comprehensive Financing Cost (Income)		40,210			2,104			n.m.			53,918			1,730			n.m.

Income & Deferred Taxes		4,278			10,085			-57.6	%		15,439			22,762			-32.2	%

Net Income before Minority Interest and Equity Participation in Results of Affiliates		1,020			28,119			-96.4	%		16,909			59,941			-71.8	%

Equity Participation in Results of Affiliates		-1,144			-1,030			-11.1	%		-2,725			-1,613			-69.0	%

Minority Interest		-968			-1,215			20.3	%		-1,783			-2,308			22.8	%

Net Income		-1,093			25,875			-104.2	%		12,401			56,020			-77.9	%

⁽¹⁾ Adjusted for extraordinary items, particularly the sale of towers in 2023 by Claro Peru and Claro Dominicana; and a small portion in 2024 by Telmex.

n.m. Not meaningful.


		Content

		Highlights

		Relevant events

		Subscribers

		América
		Móvil
		Consolidated


		Mexico


		Brazil


		Colombia


		Other South
		America


		Central
		America and The
		Caribbean


		Austria


		Other
		European


		Currency
		Exchange
		Rates


		Appendix


		Glossary

LOGO


Balance Sheet - América Móvil Consolidated⁽¹⁾ Millions of Mexican Pesos

	Jun ‘24		Dec ‘23		Var.%				Jun ‘24		Dec ‘23		Var.%

Current Assets								Current Liabilities

Cash, Marketable Securities & Other Short Term Investments		80,920		100,353		-19.4	%	Short Term Debt		105,055		160,964		-34.7	%

Accounts Receivable		221,283		208,248		6.3	%	Lease-Related Debt⁽²⁾		30,469		24,375		25.0	%

Other Current Assets		22,745		12,294		85.0	%	Accounts Payable		130,569		147,904		-11.7	%

Inventories		23,247		19,272		20.6	%	Other Current Liabilities		225,272		182,003		23.8	%

		348,195		340,167		2.4	%			491,366		515,246		-4.6	%


Non Current Assets								Non Current Liabilities

Plant & Equipment, gross		1,318,193		1,233,364		6.9	%	Long Term Debt		403,527		339,713		18.8	%

-Depreciation		676,295		604,713		11.8	%	Lease-Related Debt⁽²⁾		162,944		100,794		61.7	%

Plant & Equipment, net		641,898		628,651		2.1	%	Other Liabilities		187,700		186,730		0.5	%

Rights of Use⁽²⁾		181,430		113,568		59.8	%			754,170		627,238		20.2	%

Investments in Affiliates and Other Investments		34,985		29,295		19.4	%


Deferred Assets

Goodwill (Net)		147,157		146,079		0.7	%

Intangible Assets		128,728		121,499		6.0	%	Shareholder’s Equity		417,461		421,702		-1.0	%

Deferred Assets		180,604		184,927		-2.3	%



Total Assets		1,662,997		1,564,186		6.3	%	Total Liabilities and Equity		1,662,997		1,564,186		6.3	%

⁽¹⁾ Includes current portion of Long Term Debt.

⁽²⁾ Renewal of a 10-year contract between Telcel and Telesites.


		Content

		Highlights

		Relevant events

		Subscribers

		América
		Móvil
		Consolidated


		Mexico


		Brazil


		Colombia


		Other South
		America


		Central
		America and The
		Caribbean


		Austria


		Other
		European


		Currency
		Exchange
		Rates


		Appendix


		Glossary

LOGO

Mexico

148k new broadband accesses

We added 205 thousand subscribers in the second quarter of the year, split almost evenly between prepaid and postpaid subscribers to reach a total of 84.2 million wireless subscribers, including 12.8 million 5G subscribers. We continued to have good momentum on the fixed-line platform given that we have made important efforts to upgrade our broadband connections to FTTH technology; we gained 148 thousand broadband accesses in the quarter. Another factor that has provided support to this momentum is that Telmex has not raised its prices, aiming to remain competitive so clients can continue to benefit from its technology and commercial offers.

Service revenue +4.7% YoY

Second quarter revenue totaled 80.4 billion pesos, a 1.0% year-on-year increase reflecting a 4.7% rise in service revenue and a 14.1% decline in equipment revenue. Mobile service revenue growth slowed down somewhat—from 5.8% to 4.0%—while on the fixed-line platform revenue grew 6.1% down from 9.7% in the first quarter. Broadband revenue continued to accelerate reaching 8.9% in the quarter, up from 7.9% the first quarter and 7.2% a year earlier, while corporate network revenue was up 10.1% compared to an exceptional 23.8% jump the prior quarter.

EBITDA +7.4% YoY

EBITDA was up 7.4% year-on-year to 35 billion pesos and our EBITDA margin reached 43.5%, a 2.6 percentage points increase over twelve months, buoyed by positive revenue growth on both the mobile and fixed-line platforms.


INCOME STATEMENT - Mexico Millions of MxP

	2Q24		2Q23		Var.%		Jan-Jun 24		Jan-Jun 23		Var.%

Total Revenue⁽¹⁾		80,379		79,617		1.0%		164,377		158,066		4.0%

Total Service Revenue		64,983		62,084		4.7%		130,433		123,239		5.8%

Wireless Revenue		57,855		58,366		-0.9%		118,664		115,967		2.3%

Service Revenue		44,259		42,550		4.0%		88,651		84,513		4.9%

Equipment Revenue		13,596		15,816		-14.0%		30,013		31,454		-4.6%

Fixed Line Revenue⁽²⁾		20,794		19,629		5.9%		41,920		38,925		7.7%

Other Revenue		1,730		1,622		6.6%		3,793		3,174		19.5%

EBITDA		34,987		32,563		7.4%		70,629		64,662		9.2%

% total revenue		43.5%		40.9%				43.0%		40.9%

Adjusted EBITDA⁽³⁾		34,987		32,563		7.4%		70,373		64,662		8.8%

% total revenue		43.5%		40.9%				42.9%		40.9%

EBIT		26,594		24,028		10.7%		53,900		47,732		12.9%

% total revenue		33.1%		30.2%				32.8%		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.


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Mexico Operating Data

2Q24

2Q23

Var.%

Wireless Subscribers (thousands)

84,199

83,243

1.1%

Postpaid

15,202

14,797

2.7%

Prepaid

68,997

68,447

0.8%

ARPU (MxP)

177

172

3.1%

Churn (%)

3.0%

3.1%

(0.0)

Revenue Generating Units (RGUs)⁽¹⁾

21,724

21,074

3.1%

Fixed Lines

10,763

10,770

-0.1%

Broadband

10,962

10,304

6.4%

⁽¹⁾ Fixed Line and Broadband.


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Brazil

907k postpaid net adds and 62k new broadband accesses

We gained 907 thousand postpaid subscribers in the second quarter and disconnected 232 thousand prepaid clients to finish June with 88.3 million wireless subscribers. In May, we passed the mark of 10 million 5G customers maintaining our leadership in this segment. On the fixed-line platform we added 62 thousand broadband accesses but disconnected 119 thousand PayTV clients and 126 thousand voice lines, taking the base to 22.7 million fixed-line RGUs.

Mobile service revenue +9.1% YoY

Revenue was up 6.5% year-on-year to 12.0 billion reais with service revenue expanding 6.0% on the back of 9.1% mobile service revenue growth. The latter was buoyed by a 12.2% increase in postpaid revenue. Claro continued to grow its postpaid market share gaining approximately 50 basis points over the past twelve months.

Fixed-line service revenue +2.3% YoY

On the fixed-line platform revenue climbed 2.3%, its best performance in over a year, with both broadband and corporate networks revenue accelerating from the precedent quarter to 8.0% and 5.8% respectively. In both cases revenue growth was the highest it has been in at least five quarters, offsetting for the most part the decline in PayTV revenue.

EBITDA +11.8% YoY

The greater operating leverage stemming from faster revenue growth on both the mobile and fixed-line platforms propelled EBITDA forward 11.8% to 5.2 billion reais. The EBITDA margin, 43.1%, was two percentage points higher than it had been a year before.

INCOME STATEMENT - Brazil Millions of BrL


	2Q24		2Q23		Var.%		Jan-Jun 24		Jan-Jun 23		Var.%

Total Revenue⁽¹⁾		12,044		11,306		6.5%		23,773		22,441		5.9%

Total Service Revenue		11,450		10,802		6.0%		22,640		21,456		5.5%

Wireless Revenue		7,033		6,396		10.0%		13,789		12,607		9.4%

Service Revenue		6,449		5,913		9.1%		12,685		11,662		8.8%

Equipment Revenue		584		483		20.8%		1,104		944		16.9%

Fixed Line Revenue⁽²⁾		5,001		4,889		2.3%		9,955		9,794		1.6%

EBITDA		5,195		4,646		11.8%		10,275		9,216		11.5%

% total revenue		43.1%		41.1%				43.2%		41.1%

EBIT		2,049		1,573		30.3%		3,989		3,100		28.7%

% total revenue		17.0%		13.9%				16.8%		13.8%

⁽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



	2Q24		2Q23		Var.%

Wireless Subscribers (thousands)		88,328		83,671		5.6%

Postpaid		52,950		48,530		9.1%

Prepaid		35,377		35,141		0.7%

ARPU (BrL)		24		24		3.2%

Churn (%)		2.4%		2.5%		(0.0)

Revenue Generating Units (RGUs)⁽¹⁾		22,697		23,452		-3.2%

Fixed Lines		7,662		8,171		-6.2%

Broadband		10,145		9,866		2.8%

PayTV		4,890		5,414		-9.7%

⁽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

443k wireless net adds

We added 443 thousand wireless subscribers, of which 183 thousand were postpaid clients, and finished June with 40.2 million susbcribers. On the fixed-line platform we connected 34 thousand new access lines, including 12 thousand broadband accesses, to reach 9.5 million fixed-line RGUs, 2.0% more than a year before.

Service revenue +2.9% YoY

Revenue rose 1.2% to 3.8 trillion Colombian pesos, with service revenue up 2.9%, the best showing in five quarters. Mobile service revenue growth accelerated to 2.5% in the period compared to 0.4% in the prior quarter, driven by faster revenue growth on both prepaid and postpaid. We launched our new 5G network in the first quarter of the year and did a major overhaul of our 4G network which was also an important driver for revenue.

Fixed-line service revenue +3.4% YoY

Fixed-line service revenue increased 3.4% from a year before, driven by corporate networks revenue that increased 16.2% annually and broadband revenue that was up 3.6%.

EBITDA margin at 41.2% of revenue

EBITDA reached 1.6 trillion Colombian pesos, rising 0.7% from a year before. The EBITDA margin stood at 41.2%.

INCOME STATEMENT - Colombia Billions of COP


	2Q24		2Q23		Var.%		Jan-Jun 24		Jan-Jun 23		Var.%

Total Revenue⁽¹⁾		3,836		3,792		1.2%		7,629		7,531		1.3%

Total Service Revenue		2,953		2,870		2.9%		5,903		5,786		2.0%

Wireless Revenue		2,560		2,564		-0.2%		5,070		5,063		0.1%

Service Revenue		1,752		1,709		2.5%		3,484		3,434		1.4%

Equipment Revenue		808		856		-5.6%		1,586		1,629		-2.6%

Fixed Line Revenue⁽²⁾		1,226		1,185		3.5%		2,468		2,397		3.0%

EBITDA		1,580		1,569		0.7%		3,130		3,115		0.5%

% total revenue		41.2%		41.4%				41.0%		41.4%

EBIT		725		800		-9.4%		1,423		1,597		-10.9%

% total revenue		18.9%		21.1%				18.6%		21.2%

⁽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

2Q24

2Q23

Var.%

Wireless Subscribers (thousands)⁽¹⁾

40,187

38,424

4.6%

Postpaid

10,526

10,030

4.9%

Prepaid

29,662

28,394

4.5%

ARPU (COP)

14,697

14,973

-1.8%

Churn (%)

3.2%

3.4%

(0.2)

Revenue Generating Units (RGUs)⁽²⁾

9,521

9,334

2.0%

⁽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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Peru

81k postpaid net adds

We registered net gains of 81 thousand postpaid wireless clients and disconnections of 64 thousand prepaid subscribers to finished the quarter with 12.7 million wireless subscribers, 2.8% more on an annual basis. Fixed-line RGUs stood at 1.9 million at the end of June after adding 18 thousand new RGUs, most of them broadband accesses.

Service revenue +5.7% YoY

Revenue was up 3.4% to 1.6 billion Peruvian soles. Service revenue continued to accelerate, growing 5.7% in the second quarter. On the mobile platform, service revenue expanded 5.0% annually, with postpaid growing 4.2% and prepaid rising 7.8%. Fixed-line service revenue increased 7.8%, driven by corporate revenue that jumped 33.4%, broadband revenue that rose 7.1%, and PayTV revenue, up 5.1%. We have made important inroads in the corporate segment and have seen significant improvements with residential clients; we have seen a marked reduction in churn.

EBITDA +9.1% YoY

EBITDA was favored by revenue growth in both the fixed-line and mobile segments and by cost controls that allowed us to post a 9.1% increase year-on-year. The EBITDA margin, 37.5%, climbed two percentage points in twelve months.


INCOME STATEMENT - Peru Millions of Soles

	2Q24		2Q23		Var.%		Jan-Jun 24		Jan-Jun 23		Var.%

Total Revenue⁽¹⁾		1,638		1,584		3.4%		3,245		3,999		-18.9%

Total Service Revenue		1,279		1,210		5.7%		2,546		2,410		5.7%

Wireless Revenue		1,306		1,280		2.1%		2,585		2,572		0.5%

Service Revenue		957		911		5.0%		1,905		1,815		4.9%

Equipment Revenue		350		369		-5.2%		680		757		-10.1%

Fixed Line Revenue⁽²⁾		322		299		7.8%		642		595		7.9%

Other Revenue		9		6		59.3%		18		833		-97.8%

EBITDA		615		564		9.1%		1,223		1,750		-30.1%

% total revenue		37.5%		35.6%				37.7%		43.8%

Adjusted EBITDA⁽³⁾		615		564		9.1%		1,223		1,142		7.1%

% total revenue		37.5%		35.6%				37.7%		35.9%

EBIT		288		246		16.8%		568		1,094		-48.1%

% total revenue		17.6%		15.5%				17.5%		27.4%

⁽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

2Q24

2Q23

Var.%

Wireless Subscribers (thousands)

12,662

12,323

2.8%

Postpaid

6,179

5,842

5.8%

Prepaid

6,483

6,480

0.0%

ARPU (Sol)

2.4%

Churn (%)

4.1%

4.5%

(0.3)

Revenue Generating Units (RGUs)⁽¹⁾

1,904

1,957

-2.7%

⁽¹⁾ Fixed Line, Broadband and Television.


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Ecuador

131k wireless net adds

We gained 131 thousand wireless subscribers in the quarter, all of them prepaid, to finish June with 9.6 million wireless subscribers, 3.4% more than a year before. On the fixed-line platform we had 560 thousand RGUs.

Revenue of USD 260M

Revenue totaled 260 million dollars in the quarter and was slightly lower than a year before, with service revenue remaining flat at 228 million dollars. In the mobile segment, service revenue was slightly lower than that of the year-earlier quarter, with postpaid revenue rising 1.2% but prepaid revenue falling 2.2%. In the fixed-line segment, service revenue barely exceeded that of a year before, driven by corporate revenue and PayTV, which grew 22.8% and 16.6%, respectively, compensating for the decline in broadband revenue.

EBITDA margin at 47.9%

EBITDA decreased by 1.7% to 125 million dollars and was equivalent to 47.9% of revenue.


INCOME STATEMENT - Ecuador Millions of Dollars

	2Q24		2Q23		Var.%		Jan-Jun 24		Jan-Jun 23		Var.%

Total Revenue⁽¹⁾		260		261		-0.3%		511		520		-1.7%

Total Service Revenue		228		228		-0.2%		452		455		-0.7%

Wireless Revenue		229		234		-1.9%		453		466		-2.7%

Service Revenue		201		202		-0.2%		398		402		-0.9%

Equipment Revenue		28		32		-12.1%		55		64		-14.2%

Fixed Line Revenue⁽²⁾		27		27		0.2%		54		53		1.0%

EBITDA		125		127		-1.7%		247		250		-1.5%

% total revenue		47.9%		48.6%				48.3%		48.2%

EBIT		69		71		-1.9%		138		140		-1.7%

% total revenue		26.7%		27.2%				26.9%		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

2Q24

2Q23

Var.%

Wireless Subscribers (thousands)

9,610

9,290

3.4%

Postpaid

2,266

2,252

0.6%

Prepaid

7,344

7,039

4.3%

ARPU (US$)

-3.7%

Churn (%)

2.7%

3.0%

(0.3)

Revenue Generating Units (RGUs)⁽¹⁾

560

615

-8.9%

⁽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.

203k wireless net adds and 146k new RGUs

Second quarter net additions came in at 203 thousand—including 12 thousand postpaid clients—taking the subscriber base to 25.3 million. On the fixed-line platform, we registered 146 thousand new access lines in the quarter, of which 63 thousand were broadband accesses. We ended June with 3.5 million fixed-line RGUs, 18.6% more than a year before.

Service revenue +9.3% YoY

The inflation rate eased sharply to a single-digit figure since April, which was instrumental in booking positive revenue growth in after-inflation terms in the second quarter. Total revenue was up 0.9% annually, with service revenue rising 9.3%; this compares to -9.0% in the prior quarter. Mobile service revenue increased 5.6%, driven by postpaid, which shot up 12.5% year-on-year. In the fixed-line segment service revenue saw a marked acceleration, increasing from 15.5% in the first quarter to 27.4% in the current period. Growth is backed by broadband revenue, which was up 52.2% year-on-year.

EBITDA margin at 39.3% of revenue

EBITDA was only slightly lower compared to that of the year-earlier quarter, after three quarters of double-digit declines. At 163 billion Argentinean pesos, it was equivalent to 39.3% of revenue.


INCOME STATEMENT - Argentina Millions of Constant ARS as of June 2024

	2Q24		2Q23		Var.%		Jan-Jun 24		Jan-Jun 23		Var.%

Total Revenue⁽¹⁾		413,921		410,147		0.9%		768,192		830,083		-7.5%

Total Service Revenue		362,258		331,330		9.3%		666,637		662,064		0.7%

Wireless Revenue		341,431		353,207		-3.3%		633,318		719,106		-11.9%

Service Revenue		290,295		274,846		5.6%		532,482		552,303		-3.6%

Equipment Revenue		51,136		78,362		-34.7%		100,836		166,802		-39.5%

Fixed Line Revenue⁽²⁾		71,963		56,485		27.4%		134,155		109,761		22.2%

EBITDA		162,787		163,392		-0.4%		298,090		330,086		-9.7%

% total revenue		39.3%		39.8%				38.8%		39.8%

EBIT		147,463		137,130		7.5%		264,725		274,024		-3.4%

% total revenue		35.6%		33.4%				34.5%		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

2Q24

2Q23

Var.%

Wireless Subscribers (thousands)

25,345

24,400

3.9%

Postpaid

9,448

9,291

1.7%

Prepaid

15,897

15,109

5.2%

ARPU (ARS)

3,690

972

279.5%

Churn (%)

1.3%

0.0

Revenue Generating Units (RGUs)⁽¹⁾

3,470

2,927

18.6%

⁽¹⁾ Fixed Line, Broadband and Television.


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Central America

69k wireless net adds

Altogether, we added 69 thousand wireless subscribers in the second quarter, 28 thousand of whom were postpaid. Our wireless base reached 16.8 million at the end of June. In the fixed-line segment, we booked 63 thousand new RGUs—half of which were broadband—finishing the quarter with just over five million RGUs.

Mobile service revenue +10.1% YoY

Revenue increased 6.1% to 655 million dollars, with service revenue expanding 7.9%. On the mobile platform it accelerated from 4.1% in the first quarter to 10.1% in the current period, with postpaid revenue rising 10.4%, and prepaid revenue increasing 9.8%. Fixed-line service revenue rose 3.6% in the quarter, as broadband climbed 8.6%, marking the seventh consecutive quarter of accelerating revenue growth as we continued modernizing our networks.

EBITDA +8.5% YoY

EBITDA reached 280 million dollars and was 8.5% higher than a year before, supported by rapid revenue growth. The EBITDA margin, 42.8%, was 90 basis points higher than that of the same quarter of 2023.

INCOME STATEMENT - Central America Millions of Dollars



	2Q24		2Q23		Var.%		Jan-Jun 24		Jan-Jun 23		Var.%

Total Revenue⁽¹⁾		655		618		6.1%		1,258		1,221		3.0%

Total Service Revenue		577		535		7.9%		1,118		1,056		5.8%

Wireless Revenue		457		424		7.6%		865		835		3.7%

Service Revenue		387		352		10.1%		741		691		7.2%

Equipment Revenue		69		73		-4.4%		125		143		-13.1%

Fixed Line Revenue⁽²⁾		194		190		2.6%		386		378		2.0%

EBITDA		280		258		8.5%		524		508		3.1%

% total revenue		42.8%		41.9%				41.7%		41.6%

EBIT		128		118		8.1%		233		239		-2.4%

% total revenue		19.5%		19.2%				18.5%		19.5%

⁽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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Central America Operating Data



	2Q24		2Q23		Var.%

Wireless Subscribers (thousands)		16,786		16,834	-0.3%

Postpaid		2,656		2,488	6.8%

Prepaid		14,130		14,346	-1.5%

ARPU (US$)		8		7	10.1%

Churn (%)		5.7%		5.8%	(0.1)

Revenue Generating Units (RGUs)⁽¹⁾		5,027		4,763	5.5%

⁽¹⁾ Fixed Line, Broadband and Television.


		Content

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The Caribbean

75k wireless net adds

We added 75 thousand wireless subscribers in the Caribbean, including 13 thousand contract clients. In the fixed segment, we connected 26 thousand fixed access lines. Altogether, we had a total of 7.7 million wireless subscribers and 2.8 million fixed RGUs.

Mobile service revenue +6.0% YoY in the Dominican Republic

In the Dominican Republic, total revenue was up 4.7% annually, with service revenue rising in line at 4.6%. Mobile service revenue grew 6.0%, boosted by postpaid revenue that expanded 10.4%. In the fixed segment, service revenue increased 2.7%, backed by broadband revenue that was up 8.6%. Operating leverage drove EBITDA growth of 4.4% year-on-year.

Fixed-line service revenue +7.0% YoY in Puerto Rico

In Puerto Rico, total revenue was 0.7% above last year’s; however, service revenue was down by 2.2%. The decline stems from the mobile division, where service revenue fell by 8.1% as the annual comparison is affected by revenue booked in 2023 from federal aids and programs which have been discontinued. In contrast, fixed service revenue increased 7.0%, as broadband revenue soared 19.4%. EBITDA for the period fell 9.6%, partly due to revenue declines and also due to costs associated with growing the fixed access base.

INCOME STATEMENT - The Caribbean Millions of Dollars



	2Q24		2Q23		Var.%		Jan-Jun 24		Jan-Jun 23		Var.%

Total Revenue⁽¹⁾		481		487		-1.2%		967		1,100		-12.2%

Total Service Revenue		424		435		-2.6%		850		862		-1.4%

Wireless Revenue		302		309		-2.5%		611		619		-1.3%

Service Revenue		247		258		-4.3%		498		513		-2.9%

Equipment Revenue		55		52		6.0%		113		106		6.7%

Fixed Line Revenue⁽²⁾		181		180		0.5%		360		355		1.4%

Other Revenue		-2		-3		34.5%		-4		127		-103.1%

EBITDA		177		186		-4.6%		359		459		-21.8%

% total revenue		36.8%		38.1%				37.1%		41.7%

Adjusted EBITDA⁽³⁾		177		186		-4.6%		359		371		-3.2%

% total revenue		36.8%		38.1%				37.1%		38.3%

EBIT		82		89		-7.9%		169		268		-36.9%

% total revenue		17.1%		18.4%				17.5%		24.3%

⁽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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The Caribbean Operating Data



	2Q24		2Q23		Var.%

Wireless Subscribers (thousands)		7,743		7,469	3.7%

Postpaid		2,273		2,211	2.8%

Prepaid		5,470		5,258	4.0%

ARPU (US$)		11		12	-7.0%

Churn (%)		3.1%		3.1%	-0.1

Revenue Generating Units (RGUs)⁽¹⁾		2,827		2,750	2.8%

⁽¹⁾ Fixed Line, Broadband and Television.


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Austria

389k postpaid net adds

Postpaid net additions of 389 thousand in the second quarter, where associated mostly with mobile WiFi products and machine-to-machine units linked to A1 Digital. At the end of June we had 10.9 million wireless subs, 14.5% more than a year before. On the fixed-line segment we had 2.8 million RGUs, 24 thousand less than in the prior quarter on account of disconnections of voice lines.

Mobile service revenue +2.3% YoY

Total revenue for the quarter was 693 million euros, 1.3% lower than in the same period of last year. Service revenue rose 0.4% on the back of mobile service revenue that increased 2.3%. On the fixed-line segment service revenue came in 1.0% below last year’s dragged by voice revenue that fell 8.8%. As for broadband revenue, it accelerated to 3.3% from 1.7% in the first quarter.

EBITDA +1.1% YoY

EBITDA increased 1.1% year-on-year to 272 million euros. The EBITDA margin, at 39.3% of revenue, was nearly one percentage point higher than a year before. The 15.1% decline in EBIT from the year-earlier quarter has to do with the amortization of the rights of use of the towers that were spun-off into ETS in September 2023.



INCOME STATEMENT - Austria Millions of Euros

	2Q24		2Q23		Var.%		Jan-Jun 24		Jan-Jun 23		Var.%

Total Revenue⁽¹⁾		693		702		-1.3%		1,372		1,379		-0.5%

Total Service Revenue		622		620		0.4%		1,227		1,214		1.0%

Wireless Revenue		319		318		0.4%		636		632		0.6%

Service Revenue		273		267		2.3%		539		524		3.0%

Equipment Revenue		46		51		-9.7%		97		108		-10.9%

Fixed Line Revenue⁽²⁾		360		372		-3.4%		709		723		-2.1%

EBITDA		272		270		1.1%		508		501		1.4%

% total revenue		39.3%		38.4%				37.0%		36.3%

EBIT		112		132		-15.1%		191		227		-15.8%

% total revenue		16.2%		18.8%				13.9%		16.5%

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

	2Q24	2Q23	Var.%

Wireless Subscribers (thousands)	5,102	5,134	-0.6%

Postpaid	4,042	4,066	-0.6%

Prepaid	1,060	1,068	-0.8%

A1 Digital Subscribers (thousands)	5,785	4,377	32.2%

ARPU (Euros)⁽¹⁾	18	17	3.1%

Churn (%)⁽¹⁾	1.3%	1.3%	0.0

Revenue Generating Units (RGUs)⁽²⁾	2,782	2,892	-3.8%

⁽¹⁾ Does not include A1 Digital subscribers.

⁽²⁾ Fixed Line, Broadband and Television.


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Other European

105k wireless net adds and 40k new RGUs

Our operations in Eastern Europe gained 105 thousand wireless subscribers—including 27 thousand postpaid additions—taking the wireless base to just over 15 million. Fixed-line net additions were 40 thousand in the period, of which 21 thousand were broadband accesses and the rest PayTV units. We finished June with 3.5 million fixed-line RGUs, 4.3% more than a year before.

Mobile service revenue +5.3% YoY

Total revenue increased 3.7% to 626 million euros with service revenue rising more than twice as fast at 8.1%. Mobile service revenue growth showed a marked acceleration increasing 5.3% which compares to 1.4% in the first quarter. The fixed-line division posted improved results as well with service revenue growing 15.6%, up from 13.6% in the previous quarter. The acceleration was driven by broadband revenue, which expanded 17.9% on the back of a major take-up in accesses.

EBITDA margin at 37.8% of revenue

Second quarter EBITDA of 236 million euros was 2.9% higher than a year before, with the EBITDA margin at 37.8%.



INCOME STATEMENT - Other European Millions of Euros

	2Q24		2Q23		Var.%		Jan-Jun 24		Jan-Jun 23		Var.%

Total Revenue⁽¹⁾		626		604		3.7%		1,219		1,191		2.4%

Total Service Revenue		507		468		8.1%		977		917		6.5%

Wireless Revenue		457		444		2.9%		894		884		1.1%

Service Revenue		357		339		5.3%		688		666		3.4%

Equipment Revenue		101		106		-4.6%		206		219		-5.9%

Fixed Line Revenue⁽²⁾		161		148		8.8%		309		281		10.0%

EBITDA		236		230		2.9%		466		448		4.1%

% total revenue		37.8%		38.0%				38.2%		37.6%

EBIT		111		123		-9.6%		223		238		-6.2%

% total revenue		17.8%		20.4%				18.3%		20.0%

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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Other European Operating Data

2Q24

2Q23

Var.%

Wireless Subscribers (thousands)

15,062

14,975

0.6%

Postpaid

12,406

12,237

1.4%

Prepaid

2,656

2,738

-3.0%

ARPU (Euros)

4.7%

Churn (%)

1.5%

0.0

Revenue Generating Units (RGUs)⁽¹⁾

3,501

3,357

4.3%

⁽¹⁾ Fixed Line, Broadband and Television.


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Exchange Rates Local Currency Units per MxP

	2Q24	2Q23	Var.%		Jan-Jun 24	Jan-Jun23	Var.	%

Euro

End of Period	0.0588	0.0639	-8.0	%	0.0588	0.0639	-8.0	%

Average	0.0625	0.0614	1.8	%	0.0632	0.0593	6.5	%

USD

End of Period	0.0549	0.0586	-6.3	%	0.0549	0.0586	-6.3	%

Average	0.0581	0.0564	2.9	%	0.0585	0.0549	6.5	%

Brazilean Real

End of Period	0.3051	0.2823	8.1	%	0.3051	0.2823	8.1	%

Average	0.3030	0.2796	8.4	%	0.2972	0.2787	6.6	%

Argentinean Peso

End of Period	50.0508	15.0363	232.9	%	50.0508	15.0363	232.9	%

Average	51.4693	13.0796	293.5	%	50.2822	11.6434	331.9	%

Colombian Peso

End of Period	228.1975	245.5061	-7.1	%	228.1975	245.5061	-7.1	%

Average	228.0668	250.0440	-8.8	%	229.2598	252.4797	-9.2	%

Guatemalan Quetzal

End of Period	0.4264	0.4596	-7.2	%	0.4264	0.4596	-7.2	%

Average	0.4514	0.4411	2.4	%	0.4555	0.4295	6.0	%

Peruvian Sol

End of Period	0.2106	0.2128	-1.0	%	0.2106	0.2128	-1.0	%

Average	0.2176	0.2090	4.1	%	0.2195	0.2066	6.2	%

Dominican Republic Peso

End of Period	3.2506	3.2562	-0.2	%	3.2506	3.2562	-0.2	%

Average	3.4344	3.0981	10.9	%	3.4534	3.0445	13.4	%

Belarusian Ruble

End of Period	0.1508	0.1610	-6.3	%	0.1508	0.1610	-6.3	%

Average	0.1597	0.1551	2.9	%	0.1607	0.1509	6.5	%


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Exchange Rates Local Currency Units per USD

	2Q24	2Q23	Var.%	Jan-Jun 24	Jan-Jun 23	Var.%

Euro

End of Period	1.0713	1.0909	-1.8%	1.0713	1.0909	-1.8%

Average	1.0763	1.0886	-1.1%	1.0810	1.0807	0.0%

Mexican Peso

End of Period	18.2215	17.0720	6.7%	18.2215	17.0720	6.7%

Average	17.2135	17.7203	-2.9%	17.1058	18.2124	-6.1%

Brazilean Real

End of Period	5.5589	4.8192	15.3%	5.5589	4.8192	15.3%

Average	5.2161	4.9544	5.3%	5.0836	5.0752	0.2%

Argentinean Peso

End of Period	912.0000	256.7000	255.3%	912.0000	256.7000	255.3%

Average	885.9688	231.7741	282.3%	860.1153	212.0552	305.6%

Colombian Peso

End of Period	4,158.1000	4,191.2800	-0.8%	4,158.1000	4,191.2800	-0.8%

Average	3,925.8360	4,430.8637	-11.4%	3,921.6607	4,598.2633	-14.7%

Guatemalan Quetzal

End of Period	7.7687	7.8458	-1.0%	7.7687	7.8458	-1.0%

Average	7.7708	7.8156	-0.6%	7.7908	7.8221	-0.4%

Peruvian Sol

End of Period	3.8370	3.6330	5.6%	3.8370	3.6330	5.6%

Average	3.7459	3.7042	1.1%	3.7540	3.7620	-0.2%

Dominican Republic Peso

End of Period	59.2300	55.5900	6.5%	59.2300	55.5900	6.5%

Average	59.1175	54.9000	7.7%	59.0724	55.4476	6.5%


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Appendix A



Financial Debt of América Móvil⁽¹⁾ Millions

	Jun -24		Dec -23

Peso - denominated debt (MxP)		160,887		142,607

Bonds⁽²⁾		130,047		89,927

Banks and others		30,840		52,680

U.S. Dollar - denominated debt (USD)		8,896		8,496

Bonds		8,496		8,496

Banks and others		400		0

Euro - denominated Debt (EUR)		3,970		6,542

Bonds		2,602		5,472

Commercial Paper		898		510

Banks and others		470		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⁾		26,263		16,441

Bonds		5,097		5,098

Banks and others		21,166		11,343

Total Debt (MxP)		508,582		500,677

Cash, Marketable Securities and Short Term Financial Investments (MxP)⁽⁴⁾		103,637		115,268

Net Debt (MxP)		404,946		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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Glossary of Terms


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: July 18, 2024