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 ___X____
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 ___X____
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 ___X____
AMÉRICA MÓVIL’S SECOND QUARTER OF 2013
FINANCIAL AND OPERATING REPORT
Mexico City, July 25, 2013 - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today its financial and operating results for the second quarter of 2013.
1
América Móvil Fundamentals (IFRS) |
|
|
|
|
|
|
|
|
1Q13 |
1Q12 |
Var. % |
EPS (Mex$)(1) |
0.19 |
0.17 |
12.2% |
Earning per ADR (US$)(2) |
0.31 |
0.25 |
21.7% |
Net Income (millions of Mex$) |
14,193 |
13,157 |
7.9% |
Average Shares Outstanding as of Dec 31st (billion) (3) |
73.44 |
76.35 |
-3.8% |
Average ADRs Outstanding as of Dec 31st (millions) (4) |
601 |
848 |
-29.2% |
(1) Net Income / Average Shares outstanding (2) 20 shares per ADR (3) All figures in the table reflect retroactively the 2:1 split that became effective on June 29th, 2011 (4) As per Bank of NY Mellon | |||
Relevant Events
On April 30th, we announced the acquisition of CMI, the media and advertisement business unit of Corporación Interamericana de Entretenimiento, S.A.B. de C.V. (CIE).
On May 20th, Tracfone entered into an agreement to acquire Start Wireless Group, Inc., a mobile virtual network operator in the United States that provides services to approximately 1.4 million customers and offers, among others, prepaid plans for voice, messaging and data.
On June 26th, a spectrum auction was held in Colombia and Claro was granted the use of 30 Mhz of spectrum in the 2.5MHz band. The amount paid for the spectrum was 120 billion Colombian pesos.
On July 8th, we announced the acquisition of a 10.8% interest in Shazam Entertainment Limited and entered into a strategic alliance for a business development in the Americas. Shazam is the world’s leading media engagement company with 350 million users in 200 countries, growing another 2 million new users each week.
On July 15th, we issued bonds in the amount of 750 million euros and 300 million pounds sterling. The former had a 10-year maturity and carried a 3.259% coupon whereas the latter had a 20-year maturity and a 4.948% coupon.
América Móvil’s Subsidiaries as of June 2013 |
| |||
|
|
|
|
|
Country |
Brand |
Business |
Equity Participation |
Consolidation Method |
Mexico |
Telcel |
wireless |
100.0% |
Global Consolidation Method |
|
Telmex |
wireline |
97.6% |
Global Consolidation Method |
|
Sección Amarilla (1) |
other |
100.0% |
Global Consolidation Method |
|
Telvista |
other |
89.0% (2) |
Global Consolidation Method |
Argentina |
Claro |
wireless |
100.0% |
Global Consolidation Method |
|
Telmex |
wireline |
99.6% |
Global Consolidation Method |
Brazil |
Claro |
wireless |
100.0% |
Global Consolidation Method |
|
Embratel(1) |
wireline |
95.5% |
Global Consolidation Method |
|
Net |
Cable |
88.1% |
Global Consolidation Method |
Chile |
Claro |
wireless |
100.0% |
Global Consolidation Method |
|
Telmex(1) |
wireline |
100.0% |
Global Consolidation Method |
Colombia |
Claro |
wireless |
99.4% |
Global Consolidation Method |
|
Telmex |
wireline |
99.3% |
Global Consolidation Method |
Costa Rica |
Claro |
wireless |
100.0% |
Global Consolidation Method |
Dominicana |
Claro |
wireless/wireline |
100.0% |
Global Consolidation Method |
Ecuador |
Claro |
wireless |
100.0% |
Global Consolidation Method |
|
Telmex(1) |
wireline |
100.0% |
Global Consolidation Method |
El Salvador |
Claro |
wireless/wireline |
95.8% |
Global Consolidation Method |
Guatemala |
Claro |
wireless/wireline |
99.3% |
Global Consolidation Method |
Honduras |
Claro |
wireless/wireline |
100.0% |
Global Consolidation Method |
Nicaragua |
Claro |
wireless/wireline |
99.6% |
Global Consolidation Method |
Panama |
Claro |
wireless |
100.0% |
Global Consolidation Method |
Paraguay |
Claro |
wireless |
100.0% |
Global Consolidation Method |
Peru |
Claro |
wireless |
100.0% |
Global Consolidation Method |
Puerto Rico |
Claro |
wireless/wireline |
100.0% |
Global Consolidation Method |
Uruguay |
Claro |
wireless/ wireline |
100.0% |
Global Consolidation Method |
USA |
Tracfone |
wireless |
98.2% |
Global Consolidation Method |
The Netherlands |
KPN |
wireless/wireline |
29.8% |
Equity Method |
Austria |
Telekom Austria |
wireless/wireline |
23.7% |
Equity Method |
(1) Equity Participation of Telmex Internacional of which América Móvil owns 97.65% | ||||
(2) AMX owns directly 45% and 45% through its subsidiary Telmex |
2
Total Accesses
At the end of June, we had 328.8 million accesses, 5.0% more than a year before. This figure comprises 262.0 million wireless subscribers, 30.7 million landlines, 18.2 million broadband accesses and 17.8 million PayTV units. PayTV accesses increased 18.2% on an annual basis followed by broadband accesses that rose 13.2%.
Wireless Subscribers
As of June, we had 262 million wireless subscribers, 4.1% more than a year before, after net disconnections of 867 thousand clients in the quarter. In Peru and Ecuador, we had one-off disconnections of 1.9 million and 307 thousand, respectively, as a result of the implementation of more strict churn policies. In the US and in Chile, we subtracted 192 thousand and 100 thousand subscribers respectively.
At 40.7 million subs, our postpaid base was up 12.2% year on year after adding 938 thousand new clients in the period, 47.4% more than a year before. Brazil brought 291 thousand new subs, Peru 207 thousand and Mexico 176 thousand. Colombia, Ecuador and the Central America-Caribbean block, around 70 thousand each.
At the end of the quarter, we had 72 million subscribers in Mexico, 66.5 million in Brazil, 27.8 million in Colombia and 23 million in the US. The combined operations of Central America and the Caribbean had over 22 million clients and have shown the fastest growth rate, 12.3%.
Wireless Subscribers as of June 2013 |
|
|
|
| |
Thousands |
|
|
|
|
|
|
Total(1) | ||||
Country |
Jun´13 |
Mar'13 |
Var.% |
Jun´12 |
Var.% |
Mexico |
71,965 |
71,220 |
1.0% |
68,120 |
5.6% |
Brazil |
66,472 |
66,308 |
0.2% |
62,966 |
5.6% |
Chile |
6,275 |
6,375 |
-1.6% |
5,734 |
9.4% |
Argentina, Paraguay & Uruguay |
21,529 |
21,392 |
0.6% |
21,355 |
0.8% |
Colombia |
27,805 |
27,661 |
0.5% |
29,375 |
-5.3% |
Ecuador |
11,700 |
12,007 |
-2.6% |
11,293 |
3.6% |
Peru |
11,212 |
13,137 |
-14.7% |
12,018 |
-6.7% |
Central America & The Caribbean |
22,046 |
21,581 |
2.2% |
19,631 |
12.3% |
USA |
23,038 |
23,230 |
-0.8% |
21,337 |
8.0% |
Total Wireless Lines |
262,043 |
262,910 |
-0.3% |
251,829 |
4.1% |
(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. *Central America includes Panama and Costa Rica in every table. |
3
Fixed Revenue Generating Units
At the end of June, we had 66.8 million revenue generating units, 9.1% more than a year before. We added 1.6 million new fixed-line accesses in the quarter, 44% of which were PayTV RGUs. Bundles remained popular as 60% of the net additions were triple-play packages, 31% were double play and only 9% were single access clients. Nearly 70% of the new RGUs came from Brazil, our largest fixed-operation with 30.8 million RGUs.
Fixed-Line and Other Accesses (RGUs) as of June 2013 |
|||||
Thousands |
|
|
|
|
|
|
Total* | ||||
Country |
Jun´13 |
Mar'13 |
Var.% |
Jun´12 |
Var.% |
Mexico |
22,381 |
22,298 |
0.4% |
22,732 |
-1.5% |
Brazil |
30,757 |
29,680 |
3.6% |
26,287 |
17.0% |
Colombia |
4,497 |
4,333 |
3.8% |
3,891 |
15.6% |
Ecuador |
277 |
261 |
5.8% |
204 |
35.4% |
Peru |
931 |
894 |
4.2% |
785 |
18.6% |
Argentina, Uruguay & Paraguay |
486 |
452 |
7.5% |
369 |
31.6% |
Chile |
1,155 |
1,120 |
3.1% |
1,042 |
10.8% |
Central America & Caribbean |
6,315 |
6,210 |
1.7% |
5,918 |
6.7% |
Tolal RGUs |
66,799 |
65,248 |
2.4% |
61,229 |
9.1% |
*Fixed Line, Broadband and Television (Cable & DTH) |
América Móvil Consolidated Results
With the U.S. economy seemingly on better footing, economic activity in Latin America appeared to pick up in the second quarter, underpinning stronger top line growth throughout the region in spite of the financial volatility that resulted from the Fed’s statement in May that it would likely start cutting back on its bond purchases before the end of the year given the resilience of the U.S. economy. This volatility led to major swings in exchange rates that for the most part resulted in a significant strengthening of the U.S. dollar vis-à-vis other currencies with the Mexican peso depreciating 6.7%, the Brazilian real 10.0%, the Colombian peso 4.9%, the Peruvian sol 7.5% and the Chilean peso 6.6% vs. the U.S. dollar.
Consolidated revenues were up 1.6% from the year-earlier quarter to 194.8 billion pesos, bringing to 387.8 billion pesos the total for the year. However, the increase in peso terms underestimates the real revenue growth given the noise generated by the currency movements. In constant peso terms, service revenue growth shot up to 7.8% year-on-year from 4.6% the prior quarter, and total revenues were up 10.0% compared to 6.1% the prior quarter.
The acceleration of service revenue growth was particularly strong in Mexico and in the South American block, rising from -1.6% to 1.0% in Mexico and from 5.0% to 8.5% in South America. In the latter block, the pace of growth picked up very notably in Brazil, Chile and Ecuador, gaining nearly 5 points in Brazil and almost 4 points in Ecuador relative to the first quarter.
The improvements above were mostly driven by the voice segment, with mobile voice recovering sharply from the downturn it observed the prior two quarters with Mexico, Brazil, Chile, Ecuador and Colombia posting significantly better growth figures than they had the prior quarter. Fixed-line voice revenues continued their steady recovery in Brazil.
4
Second quarter EBITDA, 65.0 billion pesos, was slightly lower than that of the year-earlier quarter in peso terms, -2.1%. At constant exchange rates, however, consolidated EBITDA swung from -2.4% in the first quarter to 5.0% in the second one, supported by the strong top line performance. The EBITDA margin stood at 33.4%, compared to 34.6% a year before.
We obtained an operating profit of 40.6 billion pesos in the quarter bringing the total to 79.2 billion for the first six months. At constant exchange rates it was up 7.3%.
Our comprehensive financing cost totaled 20.8 billion pesos and was 13% higher than that of the year-earlier quarter. As they had the prior year, foreign exchange losses made up most of the cost, reflecting the depreciation of the peso vs. the U.S. dollar and the euro. The depreciation of the various currencies vs. the dollar took place at a time when approximately 30% of the company’s net debt was exposed to hard currencies, the rest ultimately denominated in local currencies, mostly Mexican pesos.
America Movil's Income Statement (IFRS) |
|
|
|
| ||
Millions of Mexican pesos |
|
|
|
|
|
|
|
2Q13 |
2Q12 |
Var.% |
Jan - Jun 13 |
Jan - Jun 12 |
Var.% |
| ||||||
Net Service Revenues |
174,344 |
175,455 |
-0.6% |
348,867 |
352,597 |
-1.1% |
Equipment Revenues |
20,456 |
16,284 |
25.6% |
38,892 |
31,640 |
22.9% |
Total Revenues |
194,800 |
191,739 |
1.6% |
387,760 |
384,237 |
0.9% |
|
|
|
|
|
|
|
Cost of Service |
58,159 |
57,126 |
1.8% |
118,411 |
114,478 |
3.4% |
Cost of Equipment |
29,519 |
26,646 |
10.8% |
57,011 |
52,342 |
8.9% |
Selling, General & Administrative Expenses |
39,963 |
39,292 |
1.7% |
79,424 |
78,581 |
1.1% |
Others |
2,118 |
2,248 |
-5.8% |
4,053 |
3,906 |
3.8% |
Total Costs and Expenses |
129,759 |
125,313 |
3.5% |
258,900 |
249,307 |
3.8% |
|
|
|
|
|
|
|
EBITDA |
65,042 |
66,426 |
-2.1% |
128,860 |
134,930 |
-4.5% |
% of Total Revenues |
33.4% |
34.6% |
|
33.2% |
35.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation & Amortization |
24,483 |
26,348 |
-7.1% |
49,645 |
51,854 |
-4.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBIT |
40,558 |
40,078 |
1.2% |
79,215 |
83,076 |
-4.6% |
% of Total Revenues |
20.8% |
20.9% |
|
20.4% |
21.6% |
|
|
|
|
|
|
|
|
Net Interest Expense |
5,856 |
4,699 |
24.6% |
10,861 |
9,221 |
17.8% |
Other Financial Expenses |
-8,904 |
-2,381 |
-274.0% |
2,052 |
7,746 |
-73.5% |
Foreign Exchange Loss |
23,844 |
16,087 |
48.2% |
6,484 |
-3,194 |
303.0% |
Comprehensive Financing Cost (Income) |
20,796 |
18,404 |
13.0% |
19,397 |
13,773 |
40.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income & Deferred Taxes |
6,489 |
8,374 |
-22.5% |
19,330 |
23,285 |
-17.0% |
Net Income before Minority Interest and Equity |
13,273 |
13,300 |
-0.2% |
40,488 |
46,018 |
-12.0% |
Participation in Results of Affiliates |
|
|
|
|
|
|
minus |
|
|
|
|
|
|
Equity Participation in Results of Affiliates* |
971 |
-77 |
n.m. |
663 |
-64 |
n.m. |
Minority Interest |
-52 |
-66 |
21.8% |
-87 |
-265 |
67.1% |
Net Income |
14,193 |
13,157 |
7.9% |
41,064 |
45,689 |
-10.1% |
n.m. Not meaningful |
|
|
|
|
|
|
*Includes results of KPN |
|
|
|
|
|
|
5
Second quarter net income of 14.2 billion pesos was 7.9% higher than that of a year before. It was equivalent to 19 peso cents per share or 31 dollar cents per ADR. Net income per share was up 12.2% from the year-earlier quarter whereas earnings per ADR rose 21.7%.
Balance Sheet (in accordance with IFRS) | |||||||
América Móvil Consolidated | |||||||
Millions of Mexican Pesos | |||||||
|
Jun '13 |
Dic '12 |
Var.% |
|
Jun '13 |
Dic '12 |
Var.% |
|
| ||||||
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
Current Liabilities |
|
|
|
Cash & Securities |
31,585 |
45,487 |
-30.6% |
Short Term Debt** |
57,433 |
13,622 |
321.6% |
Accounts Receivable |
123,242 |
122,986 |
0.2% |
Accounts Payable |
196,385 |
189,081 |
3.9% |
Other Current Assets |
16,070 |
11,961 |
34.4% |
Other Current Liabilities |
43,496 |
50,156 |
-13.3% |
Inventories |
33,460 |
28,698 |
16.6% |
|
297,314 |
252,859 |
17.6% |
|
204,357 |
209,131 |
-2.3% |
|
|
|
|
|
|
|
|
|
|
|
|
Non Current Assets |
|
|
|
|
|
|
|
Plant & Equipment |
486,798 |
500,434 |
-2.7% |
|
|
|
|
Investments in Affiliates |
84,658 |
67,288 |
25.8% |
Non Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long Term Debt |
401,066 |
404,048 |
-0.7% |
Deferred Assets |
|
|
|
Other Non Current Liabilities |
70,065 |
72,849 |
-3.8% |
Goodwill (Net) |
98,018 |
99,706 |
-1.7% |
|
471,131 |
476,897 |
-1.2% |
Intangible Assets |
41,638 |
45,196 |
-7.9% |
|
|
|
|
Deferred Assets |
61,526 |
57,021 |
7.9% |
Shareholder's Equity |
208,549 |
249,020 |
-16.3% |
|
|
|
|
|
|
|
|
Total Assets |
976,995 |
978,776 |
-0.2% |
Total Liabilities and Equity |
976,995 |
978,776 |
-0.2% |
** Includes current portion of Long Term Debt |
Our net debt ended June at 426.9 billion pesos. It was up 54.7 billion in the first six months of the year contributing to the financing of capital expenditures in the amount of 49.1 billion pesos, share buybacks of 46.2 billion pesos and the acquisition of ownership interests in various companies totaling 16.7 billion pesos.
Financial Debt of América Móvil* |
|
|
Millions of U.S. Dollars |
|
|
|
Dic-12 |
Jun-13 |
Peso denominated debt |
6,089 |
8,956 |
Bonds and other securities |
6,089 |
6,582 |
Banks and others |
0 |
2,373 |
U.S. Dollar - denominated debt |
15,721 |
15,731 |
Bonds and other securities |
15,098 |
15,098 |
Banks and others |
623 |
633 |
Debt denominated in other currencies |
10,294 |
10,079 |
Bonds and other securities |
10,257 |
9,938 |
Banks and others |
38 |
141 |
Total Debt |
32,104 |
34,765 |
*This chart does not include the effect of forwards and derivatives used to hedge the foreign exchange exposure. | ||
6
Mexico
We gained 745 thousand wireless subscribers in the second quarter—24% of them in the postpaid segment—to end June with 72.0 million subscribers. Our postpaid base, 9 million subs, has increased 11.9% from the year before, more than twice as fast as the prepaid base. On the fixed-line platform, we finished the quarter with 22.4 million accesses, having added 92 thousand broadband accesses and lost 10 thousand fixed-voice lines.
Our revenues totaled 69.6 billion pesos and were up 4.7% from the prior year, with wireless revenues accounting for 65.5% of the total. Data revenues were up 17.4% on the mobile platform and 9.3% on the fixed one, as voice revenues continued to decline year-on-year on both networks. MOUs rose 4.1% year-on-year to 277 minutes but the average revenue per minute declined 13.5% to 36 peso cents. It was equivalent to 2.9 dollar-cents per minute, a new low point for airtime prices for voice services.
EBITDA rose 2.3% from the year-earlier quarter to 31.0 billion pesos, even as the EBITDA margin fell by one percentage point to 44.5%.
Telcel continued to make inroads in number portability, having attracted 403 thousand new clients (net) in the quarter. Year-to-date Telcel has gained 629 thousand subscribers through number portability.
Income Statement (IFRS) | ||||||
Mexico |
|
|
|
|
|
|
Millions of MxP |
|
|
|
|
| |
|
2Q13 |
2Q12 |
Var.% |
Jan - |
Jan - |
Var.% |
|
Jun 13 |
Jun 12 | ||||
Total Revenues |
69,569 |
66,451 |
4.7% |
135,841 |
132,635 |
2.4% |
Wireless Revenues |
45,587 |
41,786 |
9.1% |
87,926 |
83,084 |
5.8% |
Service Revenues |
36,573 |
35,325 |
3.5% |
71,888 |
70,527 |
1.9% |
Equipment Revenues |
8,877 |
6,461 |
37.4% |
15,817 |
12,569 |
25.8% |
|
|
|
|
|
|
|
Fixed Line and Other Revenues |
26,054 |
26,173 |
-0.5% |
51,957 |
52,472 |
-1.0% |
|
|
|
|
|
|
|
EBITDA |
30,955 |
30,254 |
2.3% |
61,284 |
61,389 |
-0.2% |
% total revenues |
44.5% |
45.5% |
|
45.1% |
46.3% |
|
|
|
|
|
|
|
|
EBIT |
24,666 |
24,131 |
2.2% |
48,755 |
49,152 |
-0.8% |
% |
35.5% |
36.3% |
|
35.9% |
37.1% |
|
*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues. |
Mexico Operating Data (IFRS) |
|
| |
|
2Q13 |
2Q12 |
Var.% |
Wireless Subscribers (thousands) |
71,965 |
68,120 |
5.6% |
Postpaid |
9,009 |
8,049 |
11.9% |
Prepaid** |
62,956 |
60,071 |
4.8% |
MOU |
277 |
267 |
4.1% |
ARPU (MxP) |
170 |
175 |
-2.5% |
Churn (%) |
3.6% |
3.5% |
0.1 |
Revenue Generating Units (RGUs)* |
22,381 |
22,732 |
-1.5% |
* Fixed Line and Broadband | |||
** The annual comparison is affected by the change in churn policy effective as of December 2011. |
7
Argentina, Paraguay and Uruguay
Altogether, our operations in Argentina, Paraguay and Uruguay had 21.5 million wireless subscribers after net additions of 137 thousand in the second quarter. We also had 486 thousand RGUs, which increased 31.6% year-on- year.
Second quarter revenues were up 20.3% to 4.2 billion Argentinean pesos. Wireless service revenue rose 13.7% driven by data revenues that now represent 40.6% of service revenues. Fixed-line revenues were 25.6% higher than those of 2012 although they only represent 6.4% of total revenues. Voice revenues on both platforms picked up substantially in the quarter relative to the first quarter.
Our EBITDA of 1.4 billion Argentinean pesos was up 12.5% from the year-earlier quarter. The EBITDA margin of the quarter stood at 33.2% of revenues.
We maintain a positive balance from Mobile Number Portability in both Argentina and Paraguay.
Income Statement (IFRS) | ||||||
Argentina, Paraguay & Uruguay | ||||||
Millions of ARP | ||||||
|
2Q13 |
2Q12 |
Var.% |
Jan - |
Jan - |
Var.% |
|
Jun 13 |
Jun 12 | ||||
Total Revenues |
4,196 |
3,487 |
20.3% |
8,155 |
6,951 |
17.3% |
Wireless Revenues |
3,957 |
3,293 |
20.1% |
7,686 |
6,568 |
17.0% |
Service Revenues |
3,295 |
2,899 |
13.7% |
6,509 |
5,778 |
12.6% |
Equipment Revenues |
650 |
394 |
65.1% |
1,163 |
783 |
48.5% |
|
|
|
|
|
|
|
Fixed Line and Other Revenues |
267 |
213 |
25.6% |
521 |
413 |
25.9% |
|
|
|
|
|
|
|
EBITDA |
1,394 |
1,239 |
12.5% |
2,724 |
2,528 |
7.8% |
% total revenues |
33.2% |
35.5% |
|
33.4% |
36.4% |
|
|
|
|
|
|
|
|
EBIT |
1,114 |
1,022 |
8.9% |
2,187 |
2,093 |
4.5% |
% |
26.5% |
29.3% |
|
26.8% |
30.1% |
|
*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues. |
Argentina, Uruguay & Paraguay Operating Data (IFRS) | |||
|
2Q13 |
2Q12 |
Var.% |
Wireless Subscribers (thousands) |
21,529 |
21,355 |
0.8% |
Postpaid |
2,952 |
2,791 |
5.8% |
Prepaid |
18,576 |
18,564 |
0.1% |
MOU |
140 |
142 |
-1.6% |
ARPU (ARP) |
51 |
46 |
11.9% |
Churn (%) |
2.0% |
2.2% |
(0.2) |
Revenue Generating Units (RGUs) |
486 |
369 |
31.6% |
* Fixed Line, Broadband and Pay TV |
|
|
|
8
Brazil
We ended June with 66.5 million wireless subscribers, 5.6%more than a year before. Our postpaid subscriber base rose 8.3% over the prior year to 13.7 million, having added 291 thousand new clients in the quarter. Fixed-RGUs went up 17.0% to 30.8 million at the end of June led by PayTV and broadband services, which increased by more than 20% year-on-year. Over half of our RGU net additions, 55%, came in the form of triple-play packages.
Second quarter revenues increased 8.0% year-on-year to 8.1 billion reais, with fixed-line revenues representing 64.1% of the total. Service revenue growth accelerated sharply from 2.8% in the first quarter to 7.6% in the second one. This improvement was broad based and touched every single business line, but for the most part reflected marked improvements in voice revenues on both platforms. Pay-TV revenues led the way rising 22.0% year-on-year, followed by mobile data revenues that increased 17.8%.
Our second quarter EBITDA of 1.9 billion reais was 2.7% higher than that of the prior year, which represents a five point swing from the previous quarter when it had declined 3.2% year-on-year. The margin for the period stood at 23.3% of revenues, 1.2 percentage points lower than a year before.
We have gained more than 140 thousand clients year-to-date from Mobile Number Portability and have continued to deploy 4G-LTE infrastructure in Brazil to strengthen further our mobile broadband capabilities.
Income Statement (IFRS) | ||||||
Brazil | ||||||
Millions of BrL | ||||||
|
2Q13 |
2Q12 |
Var.% |
Jan - |
Jan - |
Var.% |
|
Jun 13 |
Jun 12 | ||||
Total Revenues |
8,145 |
7,540 |
8.0% |
16,034 |
15,201 |
5.5% |
Wireless Revenues |
3,210 |
3,137 |
2.3% |
6,358 |
6,392 |
-0.5% |
Service Revenues |
2,939 |
2,914 |
0.9% |
5,875 |
5,971 |
-1.6% |
Equipment Revenues |
267 |
223 |
19.8% |
478 |
416 |
14.7% |
|
|
|
|
|
|
|
Fixed Line and Other Revenues |
5,219 |
4,741 |
10.1% |
10,299 |
9,514 |
8.2% |
|
|
|
|
|
|
|
EBITDA |
1,899 |
1,849 |
2.7% |
3,838 |
3,853 |
-0.4% |
% total revenues |
23.3% |
24.5% |
|
23.9% |
25.3% |
|
|
|
|
|
|
|
|
EBIT |
417 |
401 |
3.9% |
862 |
1,022 |
-15.6% |
% |
5.1% |
5.3% |
|
5.4% |
6.7% |
|
*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues. |
Brazil Operating Data (IFRS) | |||
|
2Q13 |
2Q12 |
Var.% |
Wireless Subscribers (thousands) |
66,472 |
62,966 |
5.6% |
Postpaid |
13,707 |
12,662 |
8.3% |
Prepaid |
52,765 |
50,304 |
4.9% |
MOU |
119 |
107 |
11.7% |
ARPU (BrL) |
15 |
16 |
-5.3% |
Churn (%) |
3.5% |
3.9% |
(0.4) |
Revenue Generating Units (RGUs)* |
30,757 |
26,287 |
17.0% |
* Fixed Line, Broadband and Television |
|
|
9
Colombia
Our wireless subscriber base ended June with 27.8 million after adding 144 thousand new clients in the second quarter. The postpaid segment rose 9.5% year-on-year to 5.5 million clients. Our fixed RGUs totaled 4.5 million at the end of the quarter, 15.6% more than a year before. Our broadband service keeps on expanding rapidly: we connected 71 thousand high-speed accesses in the quarter and recorded a 27.1% annual increase in our base.
We obtained revenues of 2.7 trillion Colombian pesos in the period, which is 9.4% more than in the year-earlier quarter. Wireless service revenues rose 5.4% year on year—up from 3.9% the prior quarter—driven by wireless data revenues that expanded 25.0%. Wireless voice revenues for the period remained flat in spite of the implementation of asymmetric termination rates in February 2013. Fixed line revenues were 15.7% above last year’s. The latter accounted for just under 20% of our total revenues.
EBITDA for the quarter was 1.3 trillion Colombian pesos representing an annual increase of 11.3%. The margin, 49.0%, is 80 basis points higher than in the second quarter of 2012
In June, we were awarded in an auction the right to use 30 MHz of spectrum in the 2.5MHz band. This spectrum will be utilized for 4G-LTE services throughout the country.
Income Statement (IFRS) | ||||||
Colombia | ||||||
Billions of COP | ||||||
|
2Q13 |
2Q12 |
Var.% |
Jan - |
Jan - |
Var.% |
|
Jun 13 |
Jun 12 | ||||
Total Revenues |
2,677 |
2,447 |
9.4% |
5,245 |
4,847 |
8.2% |
Wireless Revenues |
2,153 |
1,989 |
8.3% |
4,214 |
3,945 |
6.8% |
Service Revenues |
1,829 |
1,735 |
5.4% |
3,631 |
3,470 |
4.6% |
Equipment Revenues |
310 |
223 |
39.3% |
564 |
440 |
28.2% |
|
|
|
|
|
|
|
Fixed Line and Other Revenues |
513 |
444 |
15.7% |
1,010 |
871 |
15.9% |
|
|
|
|
|
|
|
EBITDA |
1,311 |
1,179 |
11.3% |
2,399 |
2,308 |
3.9% |
% total revenues |
49.0% |
48.2% |
|
45.7% |
47.6% |
|
|
|
|
|
|
|
|
EBIT |
982 |
838 |
17.1% |
1,740 |
1,650 |
5.5% |
% |
36.7% |
34.3% |
|
33.2% |
34.0% |
|
*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues. |
Colombia Operating Data (IFRS) | |||
|
2Q13 |
2Q12 |
Var.% |
Wireless Subscribers (thousands) |
27,805 |
29,375 |
-5.3% |
Postpaid |
5,519 |
5,041 |
9.5% |
Prepaid** |
22,286 |
24,335 |
-8.4% |
MOU |
218 |
231 |
-5.4% |
ARPU (CoP) |
22,010 |
19,908 |
10.6% |
Churn (%) |
3.6% |
4.2% |
(0.6) |
Revenue Generating Units (RGUs)* |
4,497 |
3,891 |
15.6% |
* Fixed Line, Broadband and Television |
|
|
|
** The annual comparison is affected by the change in churn policy effective as of December 2011. |
10
Chile
We had 6.3 million wireless subscribers at the end of June—9.4% more than a year before—after allowing for the disconnection in the second quarter of 100 thousand users. Postpaid net additions were more than twice as many as those of the second quarter of 2012 and the subscriber base of that segment was up 10.6% year-on-year. Fixed RGUs totaled 1.2 million at the end of the quarter, having risen 10.8% over the year.
Our revenues amounted to 194.4 billion Chilean pesos, 10.2% more than in the year-earlier quarter. Wireless service revenues increased 8.7% on the back of data revenues that shot-up 40.6% and that now represent a fourth of our service revenues. Wireless voice revenues were up 1.2% in spite of the reduction in the average price per minute that resulted from new regulatory measures implemented at the end of March. Fixed-line revenues, which account for 28.8% of the total, were up 7.4% year-on-year as triple play packages proved to be popular.
EBITDA for the quarter was down to 8.7 billion Chilean pesos or 4.5% of revenues. The decline in EBITDA is linked on the one side to the growth of postpaid—around 90% of our additions are getting smartphones with data plans—and, to a lesser extent, to the changes in traffic brought about by the new pricing rules in Chile.
We were the first carrier to launch 4G-LTE services in the country. At the end of 2013, we will have coverage in the 5 largest cities where more than 70% of the population is concentrated. We continue to gain clients from Mobile Number Portability.
Income Statement (IFRS) | ||||||
Chile | ||||||
Millions of ChP | ||||||
|
2Q13 |
2Q12 |
Var.% |
Jan - |
Jan - |
Var.% |
|
Jun 13 |
Jun 12 | ||||
Total Revenues |
194,377 |
176,314 |
10.2% |
379,235 |
342,146 |
10.8% |
Wireless Revenues |
140,848 |
126,893 |
11.0% |
275,847 |
244,651 |
12.8% |
Service Revenues |
113,981 |
104,890 |
8.7% |
224,764 |
208,570 |
7.8% |
Equipment Revenues |
26,874 |
22,194 |
21.1% |
51,049 |
36,465 |
40.0% |
|
|
|
|
|
|
|
Fixed Line and Other Revenues |
56,008 |
52,163 |
7.4% |
108,415 |
103,186 |
5.1% |
|
|
|
|
|
|
|
EBITDA |
8,685 |
15,827 |
-45.1% |
15,459 |
28,568 |
-45.9% |
% total revenues |
4.5% |
9.0% |
|
4.1% |
8.3% |
|
|
|
|
|
|
|
|
EBIT |
-36,026 |
-23,264 |
-54.9% |
-72,170 |
-44,979 |
-60.5% |
% |
-18.5% |
-13.2% |
|
-19.0% |
-13.1% |
|
*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues. |
Chile Operating Data (IFRS) | |||
|
2Q13 |
2Q12 |
Var.% |
Wireless Subscribers (thousands) |
6,275 |
5,734 |
9.4% |
Postpaid |
1,236 |
1,117 |
10.6% |
Prepaid |
5,039 |
4,616 |
9.2% |
MOU |
215 |
216 |
-0.6% |
ARPU (ChP) |
5,967 |
6,139 |
-2.8% |
Churn (%) |
4.3% |
4.8% |
(0.5) |
Revenue Generating Units (RGUs)* |
1,155 |
1,042 |
10.8% |
* Fixed Line and Broadband and Television |
|
|
|
11
Ecuador
We finished June with 11.7 million wireless subscribers after one-time disconnections of 307 thousand that resulted from adjustments in our churn policy. The postpaid segment added 76 thousand new clients bringing the base to 2.2 million, an increase of 20.3% from the prior year. RGUs shot up 35.4% year-on-year to 277 thousand accesses.
Our second quarter revenues rose 12.9% to 432 million dollars. Wireless service revenues expanded 10.4% on account of a 40.7% jump in data revenues. Data revenues—which already represent 36.4% of service revenues—have been accelerating every one of the last four quarters. Revenues on the fixed-line front increased 28.0% over the year.
The quarter’s EBITDA was up 8.0% to 194 million dollars. The margin, 44.9%, was down two percentage points relative to that of 2012 due to subscriber acquisition costs associated with our efforts to grow the postpaid segment more rapidly.
Income Statement (IFRS) | ||||||
Ecuador | ||||||
Millions of Dollars | ||||||
|
2Q13 |
2Q12 |
Var.% |
Jan - |
Jan - |
Var.% |
|
Jun 13 |
Jun 12 | ||||
Total Revenues |
432 |
383 |
12.9% |
844 |
764 |
10.4% |
Wireless Revenues |
420 |
373 |
12.6% |
820 |
746 |
9.9% |
Service Revenues |
355 |
322 |
10.4% |
698 |
645 |
8.2% |
Equipment Revenues |
65 |
52 |
26.3% |
122 |
100 |
21.7% |
|
|
|
|
|
|
|
Fixed Line and Other Revenues |
14 |
11 |
28.0% |
28 |
21 |
29.5% |
|
|
|
|
|
|
|
EBITDA |
194 |
180 |
8.0% |
388.346 |
363 |
7.1% |
% total revenues |
44.9% |
46.9% |
|
46.0% |
47.5% |
|
|
|
|
|
|
|
|
EBIT |
149 |
137 |
8.4% |
298 |
279 |
6.7% |
% |
34.4% |
35.8% |
|
35.3% |
36.5% |
|
*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues. |
Ecuador Operating Data (IFRS) | |||
|
2Q13 |
2Q12 |
Var.% |
Wireless Subscribers (thousands) |
11,700 |
11,293 |
3.6% |
Postpaid |
2,197 |
1,826 |
20.3% |
Prepaid** |
9,503 |
9,468 |
0.4% |
MOU |
157 |
159 |
-1.7% |
ARPU (US$) |
10 |
10 |
4.1% |
Churn (%) |
3.6% |
2.5% |
1.2 |
Revenue Generating Units (RGUs)* |
277 |
204 |
35.4% |
* Fixed Line, Broadband and Television | |||
** The annual comparison is affected by the change in churn policy effective as of December 2011. |
12
Peru
Our wireless subscriber base went down to 11.2 million at the end of June after one-time disconnections of 1.9 million wireless clients in the quarter as a result of changes in our churn policy. The postpaid subscriber base soared 38.7% year-on-year. On the fixed-line platform we had a total of 931 thousand RGUs, 18.6% more than the prior year.
Revenues of 1.2 billion soles were 12.8% higher than those of the second quarter of 2012. Wireless service revenue growth was buoyed by a 29.9% increase in wireless data—which now represents 28.1% of service revenues—and from voice revenues that rose 7.1% in spite of a 10% decline in the average price per minute. Fixed line revenues were up 18.8% over the year. They now account for 12% of total revenues in Peru.
The quarter’s EBITDA of 446 million soles was 1.7% above last year’s. The EBITDA margin stood at 37.9% of revenues. The four-point decline in the margin is a consequence of the costs building up our postpaid subscriber base, which has entailed providing subsidies on smartphones.
Claro continues to benefit from Mobile Number Portability.
Income Statement (IFRS) | ||||||
Perú | ||||||
Millones de Soles | ||||||
|
2Q13 |
2Q12 |
Var.% |
Jan - |
Jan - |
Var.% |
|
Jun 13 |
Jun 12 | ||||
Total Revenues |
1,178 |
1,045 |
12.8% |
2,319 |
2,057 |
12.7% |
Wireless Revenues |
1,035 |
924 |
12.0% |
2,038 |
1,821 |
11.9% |
Service Revenues |
884 |
785 |
12.7% |
1,760 |
1,558 |
13.0% |
Equipment Revenues |
146 |
136 |
7.5% |
268 |
257 |
4.2% |
|
|
|
|
|
|
|
Fixed Line and Other Revenues |
143 |
120 |
18.8% |
281 |
237 |
18.7% |
|
|
|
|
|
|
|
EBITDA |
446 |
439 |
1.7% |
927 |
860 |
7.8% |
% total revenues |
37.9% |
42.0% |
|
40.0% |
41.8% |
|
|
|
|
|
|
|
|
EBIT |
313 |
320 |
-2.1% |
652 |
627 |
4.0% |
% |
26.6% |
30.6% |
|
28.1% |
30.5% |
|
*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues. |
Peru Operating Data (IFRS) | |||
|
2Q13 |
2Q12 |
Var.% |
Wireless Subscribers (thousands) |
11,212 |
12,018 |
-6.7% |
Postpaid |
3,085 |
2,224 |
38.7% |
Prepaid |
8,127 |
9,794 |
-17.0% |
MOU |
118 |
102 |
15.1% |
ARPU (Sol) |
24 |
22 |
9.2% |
Churn (%) |
9.2% |
3.3% |
5.9 |
Revenue Generating Units (RGUs)* |
931 |
785 |
18.6% |
* Fixed Line, Broadband and Television |
13
Central America and the Caribbean
Our combined wireless subscriber base topped 22 million at the end of June, after adding 466 thousand new clients in the second quarter. It was up 12.3% compared with the same period of 2012, but the postpaid segment grew at a faster pace: 16.4%. We also had 6.3 million RGUs, 6.7% more than a year before.
Our revenues reached 968 million dollars in the second quarter and were 1.5% higher than in the prior year. Wireless service revenues increased 5.3% on an annual basis driven by the 22.8% hike in data revenues. Fixed-line revenues declined 1.7% as a result of the deterioration of voice services and the continued fixed-to-mobile substitution. Fixed-data revenue growth has improved each one of the last four quarters and now totals 6.2%, while Pay TV revenue growth hit a new peak at 18.4%.
EBITDA of 312 million dollars exceeded by 17.2% that of the second quarter of 2012. The margin for the period climbed nearly five percentage points to 32.3%.
Income Statement (IFRS) | ||||||
Central America and The Caribbean | ||||||
Millions of Dollars | ||||||
|
2Q13 |
2Q12 |
Var.% |
Jan - |
Jan - |
Var.% |
|
Jun 13 |
Jun 12 | ||||
Total Revenues |
968 |
954 |
1.5% |
1,922 |
1,906 |
0.9% |
Wireless Revenues |
574 |
546 |
5.1% |
1,130 |
1,091 |
3.6% |
Service Revenues |
531 |
504 |
5.3% |
1,049 |
1,006 |
4.3% |
Equipment Revenues |
43 |
42 |
2.5% |
81 |
84 |
-4.5% |
|
|
|
|
|
|
|
Fixed Line and Other Revenues |
406 |
413 |
-1.7% |
803 |
825 |
-2.7% |
|
|
|
|
|
|
|
EBITDA |
312 |
266 |
17.2% |
640 |
547 |
16.9% |
% total revenues |
32.3% |
27.9% |
|
33.3% |
28.7% |
|
|
|
|
|
|
|
|
EBIT |
53 |
-41 |
229.8% |
122 |
-22 |
n.m. |
% |
5.5% |
-4.3% |
|
6.4% |
-1.2% |
|
*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues. |
Central America and the Caribbean Operating Data (IFRS) | |||
|
2Q13 |
2Q12 |
Var.% |
Wireless Subscribers (thousands) |
22,046 |
19,631 |
12.3% |
Postpaid |
3,038 |
2,611 |
16.4% |
Prepaid |
19,008 |
17,020 |
11.7% |
MOU |
193 |
204 |
-5.5% |
ARPU (US$) |
8 |
9 |
-7.0% |
Churn (%) |
3.8% |
3.3% |
0.5 |
Revenue Generating Units (RGUs)* |
6,315 |
5,918 |
6.7% |
* Fixed Line, Broadband and Television |
14
United States
We had 23 million subscribers at the end of June, 8.0% more than a year before, even after we disconnected 192 thousand clients in the second quarter as a consequence of changes of the commercial conditions of certain plans.
Revenues rose 37.3% year-on-year to 1.5 billion dollars, as service revenues expanded 35.6% buoyed by data revenues that increased 66.2%: they now represent 42% of our service revenues. Service revenue growth has kept on accelerating every one of the last four quarters. ARPUs rose 19.2% and traffic per subscriber jumped 29.1% to 532 minutes per month.
The quarter’s EBITDA of 156 million dollars was up 11.5% year-over-year. It was equivalent to 10.4% of revenues.
Income Statement (IFRS) | ||||||
United States | ||||||
Millions of Dollars | ||||||
|
2Q13 |
2Q12 |
Var.% |
Jan - |
Jan - |
Var.% |
|
Jun 13 |
Jun 12 | ||||
Total Revenues |
1,491 |
1,086 |
37.3% |
3,005 |
2,168 |
38.6% |
Service Revenues |
1,334 |
984 |
35.6% |
2,618 |
1,954 |
33.9% |
Equipment Revenues |
157 |
102 |
54.4% |
387 |
214 |
80.7% |
|
|
|
|
|
|
|
EBITDA |
156 |
139 |
11.5% |
224 |
279 |
-19.9% |
% total revenues |
10.4% |
12.8% |
|
7.4% |
12.9% |
|
|
|
|
|
|
|
|
EBIT |
146 |
132 |
10.8% |
205 |
264 |
-22.2% |
% |
9.8% |
12.1% |
|
6.8% |
12.2% |
|
*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues. |
United States Operating Data (IFRS) | |||
|
2Q13 |
2Q12 |
Var.% |
Wireless Subscribers (thousands) |
23,038 |
21,337 |
8.0% |
MOU |
532 |
412 |
29.1% |
ARPU (US$) |
19 |
16 |
19.2% |
Churn (%) |
4.1% |
4.1% |
(0.0) |
15
Glossary of Terms
ARPU – Average Revenue per User. The ratio of service revenues in a given period to the average number of wireless subscribers in the same period. It is presented on a monthly basis.
ARPM- Average Revenue per Minute. The ratio of service revenues to airtime traffic.
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.
EBITDA margin – The ratio of EBITDA to total operating revenue.
EDGE – Enhanced Data rates for GSM Evolution. A technology that gives GSM the capacity to handle data services for the third generation mobile telephony.
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.
Equity subscribers – Subscribers weighted by the economic interest held in each company.
GSM – Global System for Mobile communications. It is the world’s leading and fastest growing mobile standard.
GPRS – General Packet Radio Service. Enables GSM networks to offer higher capacity, Internet-based-content and packet-based data services. It is a second generation technology.
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.
Market share – A company’s subscriber base divided by the total number of subscribers in that country.
MOU – Minutes of Use per subscriber. The ratio of wireless traffic 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 purchase airtime to recharge a cellular phone. The client does not hold a contract with the company for voice and data services.
Postpaid – Subscriber that has a contract for the use of airtime. The client has no need of activating airtime, it is done so immediately.
Push-to-talk – Enables compatible mobile phones to function like two-way radios.
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 revenues.
Wireless penetration – The ratio of total wireless subscribers in any given country divided by the total population in that country.
16
Exchange Rates Local Currency Units per USD | ||||||
|
2Q13 |
2Q12 |
Var.% |
Jan - Jun 13 |
Jan - Jun 12 |
Var.% |
| ||||||
Mexico |
|
|
|
|
|
|
EoP |
13.19 |
13.67 |
-3.5% |
13.19 |
13.67 |
-3.5% |
Average |
12.46 |
13.52 |
-7.8% |
12.56 |
13.27 |
-5.3% |
|
|
|
|
|
|
|
Brazil |
|
|
|
|
|
|
EoP |
2.22 |
2.02 |
9.6% |
2.22 |
2.02 |
9.6% |
Average |
2.07 |
1.96 |
5.4% |
2.03 |
1.87 |
9.0% |
|
|
|
|
|
|
|
Argentina |
|
|
|
|
|
|
EoP |
5.39 |
4.53 |
19.0% |
5.39 |
4.53 |
19.0% |
Average |
5.24 |
4.45 |
17.8% |
5.13 |
4.40 |
16.7% |
|
|
|
|
|
|
|
Chile |
|
|
|
|
|
|
EoP |
504 |
502 |
0.4% |
504 |
502 |
0.4% |
Average |
485 |
496 |
-2.3% |
479 |
493 |
-2.9% |
|
|
|
|
|
|
|
Colombia |
|
|
|
|
|
|
EoP |
1,923 |
1,806 |
6.5% |
1,923 |
1,806 |
6.5% |
Average |
1,862 |
1,786 |
4.2% |
1,827 |
1,794 |
1.8% |
|
|
|
|
|
|
|
Guatemala |
|
|
|
|
|
|
EoP |
7.83 |
7.85 |
-0.2% |
7.83 |
7.85 |
-0.2% |
Average |
7.80 |
7.79 |
0.1% |
7.82 |
7.78 |
0.5% |
|
|
|
|
|
|
|
Honduras |
|
|
|
|
|
|
EoP |
20.56 |
19.63 |
4.8% |
20.56 |
19.63 |
4.8% |
Average |
20.44 |
19.51 |
4.8% |
20.33 |
19.40 |
4.8% |
|
|
|
|
|
|
|
Nicaragua |
|
|
|
|
|
|
EoP |
24.71 |
23.54 |
5.0% |
24.71 |
23.54 |
5.0% |
Average |
24.57 |
23.40 |
5.0% |
24.42 |
23.25 |
5.0% |
|
|
|
|
|
|
|
Costa Rica |
|
|
|
|
|
|
EoP |
505 |
504 |
0.3% |
505 |
504 |
0.3% |
Average |
505 |
509 |
-0.9% |
505 |
512 |
-1.3% |
|
|
|
|
|
|
|
Peru |
|
|
|
|
|
|
EoP |
2.78 |
2.67 |
4.2% |
2.78 |
2.67 |
4.2% |
Average |
2.66 |
2.67 |
-0.1% |
2.62 |
2.67 |
-2.1% |
|
|
|
|
|
|
|
Paraguay |
|
|
|
|
|
|
EoP |
4,477 |
4,529 |
-1.1% |
4,477 |
4,529 |
-1.1% |
Average |
4,216 |
4,401 |
-4.2% |
4,145 |
4,423 |
-6.3% |
|
|
|
|
|
|
|
Uruguay |
|
|
|
|
|
|
EoP |
20.57 |
21.92 |
-6.2% |
20.57 |
21.92 |
-6.2% |
Average |
19.62 |
20.53 |
-4.4% |
19.38 |
20.03 |
-3.2% |
|
|
|
|
|
|
|
Dominican Republic |
|
|
|
|
|
|
EoP |
41.96 |
39.15 |
7.2% |
41.96 |
39.15 |
7.2% |
Average |
41.34 |
39.12 |
5.7% |
41.14 |
38.80 |
6.0% |
17
Exchange Rates Local Currency units per Mexican Peso | ||||||
|
2Q13 |
2Q12 |
Var.% |
Jan - Jun 13 |
Jan - Jun 12 |
Var.% |
| ||||||
USA |
|
|
|
|
|
|
EoP |
0.08 |
0.07 |
3.6% |
0.08 |
0.07 |
3.6% |
Average |
0.08 |
0.07 |
8.5% |
0.08 |
0.08 |
5.6% |
|
|
|
|
|
|
|
Brazil |
|
|
|
|
|
|
EoP |
0.17 |
0.15 |
13.6% |
0.17 |
0.15 |
13.6% |
Average |
0.17 |
0.15 |
14.4% |
0.16 |
0.14 |
15.1% |
|
|
|
|
|
|
|
Argentina |
|
|
|
|
|
|
EoP |
0.41 |
0.33 |
23.3% |
0.41 |
0.33 |
23.3% |
Average |
0.42 |
0.33 |
27.8% |
0.41 |
0.33 |
23.2% |
|
|
|
|
|
|
|
Chile |
|
|
|
|
|
|
EoP |
38.2 |
36.7 |
4.0% |
38.2 |
36.7 |
4.0% |
Average |
38.9 |
36.7 |
6.0% |
38.1 |
37.1 |
2.6% |
|
|
|
|
|
|
|
Colombia |
|
|
|
|
|
|
EoP |
145.8 |
132.1 |
10.3% |
145.8 |
132.1 |
10.3% |
Average |
149.5 |
132.2 |
13.1% |
145.4 |
135.2 |
7.6% |
|
|
|
|
|
|
|
Guatemala |
|
|
|
|
|
|
EoP |
0.59 |
0.57 |
3.4% |
0.59 |
0.57 |
3.4% |
Average |
0.63 |
0.58 |
8.6% |
0.62 |
0.59 |
6.2% |
|
|
|
|
|
|
|
Honduras |
|
|
|
|
|
|
EoP |
1.56 |
1.44 |
8.5% |
1.56 |
1.44 |
8.5% |
Average |
1.64 |
1.44 |
13.7% |
1.62 |
1.46 |
10.7% |
|
|
|
|
|
|
|
Nicaragua |
|
|
|
|
|
|
EoP |
1.87 |
1.72 |
8.8% |
1.87 |
1.72 |
8.8% |
Average |
1.97 |
1.73 |
13.9% |
1.94 |
1.75 |
10.9% |
|
|
|
|
|
|
|
Costa Rica |
|
|
|
|
|
|
EoP |
38.3 |
36.9 |
3.9% |
38.3 |
36.9 |
3.9% |
Average |
40.5 |
37.7 |
7.6% |
40.2 |
38.6 |
4.2% |
|
|
|
|
|
|
|
Peru |
|
|
|
|
|
|
EoP |
0.21 |
0.20 |
8.0% |
0.21 |
0.20 |
8.0% |
Average |
0.21 |
0.20 |
8.4% |
0.21 |
0.20 |
3.5% |
|
|
|
|
|
|
|
Paraguay |
|
|
|
|
|
|
EoP |
339.5 |
331.4 |
2.4% |
339.5 |
331.4 |
2.4% |
Average |
338.4 |
325.6 |
3.9% |
330.1 |
333.4 |
-1.0% |
|
|
|
|
|
|
|
Uruguay |
|
|
|
|
|
|
EoP |
1.56 |
1.60 |
-2.8% |
1.56 |
1.60 |
-2.8% |
Average |
1.58 |
1.52 |
3.7% |
1.54 |
1.51 |
2.2% |
|
|
|
|
|
|
|
Dominican |
|
|
|
|
|
|
EoP |
3.18 |
2.86 |
11.1% |
3.18 |
2.86 |
11.1% |
Average |
3.32 |
2.89 |
14.6% |
3.28 |
2.92 |
12.0% |
For further information please visit our website at:
http://www.americamovil.com
Legal Disclaimer
América Móvil, S.A.B. de C.V. (the “Company”) quarterly reports and all other written materials may from time to time contain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements, and may contain words like “believe”, “anticipate”, “expect”, “envisages”, “will likely result”, or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this report. In no event, neither the Company nor any of its subsidiaries, affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this document or for any consequential, special or similar damages.
18
AMÉRICA MÓVIL, S.A.B. DE C.V. | ||
By: |
/S/ Alejandro Cantú Jiménez
| |
Name: Title: |
Alejandro Cantú Jiménez
Attorney-in-fact |