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This press release was published using a machine translation system.
Mexico City to July 17, 2018 - América Móvil , SAB de CV ("America Movil") [BMV: AMX] [NYSE: AMX, AMOV] today announced its financial and operating results for the second quarter of 2018.
• We recorded net adds of postpaid subscribers of 1.1 million, two times more than the previous year, including 537 thousand in Brazil, 184 thousand in Mexico and 103 thousand in Colombia.
• Fixed broadband accesses increased 5.0% year-on-year, connecting 275 thousand new accesses in the second quarter, mostly in Brazil and Central America.
• Revenues of 257.3 billion pesos increased 3.2% year-over-year in terms of Mexican pesos and service revenues grew 1.4%. At constant exchange rates, service revenues increased 2.0%, in line with the rate observed in the previous quarter.
• The growth of service revenues in the mobile platform was very notable in both Brazil and Mexico, of 11.9% and 8.7%, respectively.
In the United States, TracFone's revenue growth returned to positive after some quarters of decline. In the fixed line platform, Colombia and Ecuador showed the best growth rates of service revenues.
• ARPUs increased 14.1% in Brazil, 9.4% in the United States, 7.3% in Mexico and 7.0% in Ecuador, while they decreased 12.7% in Peru due to intense competition.
• EBITDA increased 3.0% to 72.0 billion pesos; At constant exchange rates, EBITDA increased 4.5%. In Mexico, EBITDA grew 14.9%, its best annual increase in almost eleven years, followed by Brazil with 9.9%, its best performance in three years.
• Our second quarter operating income of 32.6 billion pesos increased 4.8% year-over-year and the integral cost of financing was 32.2 billion pesos, mainly due to foreign exchange losses derived from the depreciation of the Mexican peso against to the dollar and resulted in a net loss of 236 million pesos in the period.
• Our operating cash flow in the six months to June allowed us to cover capital expenditures of 57.1 billion pesos, reduce our net debt by 14.9 billion pesos (including the payment of the hybrid bond of TKA that was accounted as capital in their books) and contribute 11.6 billion pesos to our pension funds (mainly Telmex).
• In June, our net debt was 617.6 billion pesos, a reduction of 11.1 billion pesos with respect to December (considering the hybrid bonds of Telekom Austria as debt in December).