NASDAQ$LILA

Liberty Latin America Ltd. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported operating momentum and strong growth across key financial metrics as markets recovered from COVID-19.

Liberty Latin America reported a strong Q2 2021 with healthy subscriber additions in both fixed and mobile products. The company's financial performance showed significant growth, with operating income up by 178% and Adjusted OIBDA up by 40%. Revenue and Adjusted OIBDA were also higher sequentially, evidencing continued progress.

  • Added approximately 190,000 fixed and mobile subscribers in Q2.
  • Reported $1.2 billion in revenue, $160 million of operating income, and $464 million in Adjusted OIBDA in Q2.
  • Increased homes passed added or upgraded to over 700,000 from ~600,000.
  • Recommenced share repurchases under previously announced program.

Headline financials

Total Revenue

$1.17B

Previous: $849M+37.6%
EPS (adj)

$0.02

Previous: -$2.16+100.9%
Capital Expenditures

-$367M

Previous: -$286M-28.3%
Free Cash Flow

-$363M

Previous: -$679M+46.6%
Net Income

$4.4M

Previous: -$393M+101.1%
Operating Income

$160M

Previous: -$206M+177.8%
Gross Profit

$892M

Previous: $669M+33.3%
Cash & Equivalents

$1.31B

Previous: $1.75B-25.2%
Total Assets

$15.5B

Previous: $14.8B+4.9%
Stock-Based Comp

$32.8M

Previous: $23.5M+39.6%

Revenue & EPS history

Liberty Latin America · Revenue · Quarterly

$1.17B

Q2 2021+37.6%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Liberty Latin America is focused on maintaining its positive momentum through the delivery of compelling consumer propositions across its expanding fixed footprint. The organic opportunity is bolstered by last year's acquisition of Liberty Mobile in Puerto Rico and the upcoming addition of Telefónica Costa Rica's operations.

Tailwinds

  • Delivery of compelling consumer propositions
  • Expanding fixed footprint
  • Acquisition of Liberty Mobile in Puerto Rico
  • Addition of Telefónica Costa Rica's operations
  • Expected synergies and improved full-service product suites

Headwinds

  • Hurricanes and other natural disasters
  • Political or social events
  • Pandemics, such as COVID-19
  • The uncertainties surrounding such events and efforts to contain any pandemic
  • The ability and cost to restore networks in the markets impacted by hurricanes or generally to respond to any such events

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.1%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-3.5%

Avg return

30 days after

60%

25 / 42 earnings

Positive

+19.0%

Q2 2023

Best reaction

-29.4%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.3%-3.2%-2.8%
Q4 2025+3.6%+4.7%+1.0%
Q3 2025+7.6%+1.3%+12.6%
Q1 2025-15.1%-11.5%-8.7%
Q4 2024-5.3%-5.7%-6.7%
Q3 2024-17.6%-25.4%-31.6%
Q2 2024-7.3%-8.1%-4.0%
Q1 2024+5.8%+2.9%+10.7%
Q4 2023-7.7%-2.2%+2.5%
Q3 2023+8.9%+7.9%+8.3%
Q2 2023+19.0%+13.2%-3.0%
Q1 2023+1.0%-6.9%+3.6%
Q4 2022+7.6%+2.3%-8.1%
Q3 2022-10.2%-2.2%-14.8%
Q2 2022+3.6%+1.2%-6.4%
Q1 2022-6.5%-16.1%-3.0%
Q4 2021-3.9%-6.8%-11.7%
Q3 2021+2.0%+4.5%-10.8%
Q2 2021+8.0%+3.7%+7.2%
Q1 2021+2.9%-0.6%+2.8%
Q4 2020+13.4%+18.5%+19.4%
Q3 2020-2.0%+3.6%+13.3%
Q2 2020-9.9%-2.7%-3.2%
Q1 2020-8.8%-4.6%-0.6%
Q4 2019+10.3%+5.0%-45.3%
Q3 2019-0.4%-6.4%-12.2%
Q2 2019+8.4%+8.7%+8.2%
Q1 2019-8.5%-11.0%-17.5%
Q4 2018+2.3%+2.8%+6.4%
Q3 2018+6.2%-0.2%-9.1%
Q2 2018-1.2%-3.1%+5.9%
Q1 2018+2.0%+2.8%+5.9%
Q4 2017+5.5%+5.5%-3.9%
Q3 2017+3.3%+0.8%-1.0%
Q2 2017+1.0%+2.5%-3.2%
Q1 2017+6.5%+1.4%+3.9%
Q4 2016+15.2%+18.9%+0.9%
Q3 2016-29.4%-25.1%-22.0%
Q2 2016-7.7%-15.7%-19.1%
Q1 2016+3.5%
Q4 2015+3.0%
Q3 2015+0.9%
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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