NASDAQ$LILA

Liberty Latin America Ltd. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported continued subscriber momentum and strong year-over-year growth in cash flows

Liberty Latin America reported a 32% increase in revenue year-to-date, driven by the Puerto Rico acquisition, with rebased revenue up 4%. The company saw continued subscriber growth with 158,000 fixed and mobile additions in Q3 and experienced strong year-over-year growth in cash flows from operating activities and Adjusted Free Cash Flow.

  • Fixed and mobile additions of 158,000 in Q3.
  • Revenue up 32% YTD driven by Puerto Rico acquisition, rebased revenue up 4%.
  • Strong YoY growth in cash flows from operating activities and Adjusted FCF.
  • Announced Panama and Chile transactions; anticipate significant synergies.

Headline financials

Total Revenue

$1.19B

Previous: $888M+34.3%
EPS (adj)

$0.33

Previous: -$0.23+243.5%
Capital Expenditures

-$599M

Previous: -$443M-35.2%
Free Cash Flow

-$521M

Previous: -$528M+1.3%
Net Income

$78.2M

Previous: -$84.6M+192.4%
Operating Income

$137M

Previous: $86.6M+58.7%
Gross Profit

$901M

Previous: $698M+29.1%
Cash & Equivalents

$917M

Previous: $1.61B-43.1%
Total Assets

$16B

Previous: $14.6B+9.6%
Stock-Based Comp

$33.1M

Previous: $28M+18.2%

Revenue & EPS history

Liberty Latin America · Revenue · Quarterly

$1.19B

Q3 2021+34.3%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Liberty Latin America reconfirmed its 2021 financial guidance.

Tailwinds

  • P&E additions as a percentage of revenue at ~18%
  • Adding or upgrading over 700,000 homes
  • Adjusted FCF guidance of ~$200 million

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 Q3 2021

Historical avgQ3 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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