America Movil Files 6-K Report

Ticker: AMXOF · Form: 6-K · Filed: Apr 19, 2024 · CIK: 1129137

Sentiment: neutral

Topics: foreign-issuer, regulatory-filing

Related Tickers: AMX

TL;DR

AMX filed a 6-K, standard foreign issuer report. Nothing major.

AI Summary

América Móvil, S.A.B. de C.V. filed a Form 6-K on April 19, 2024, reporting its activities for the month of April 2024. The filing is a report of a foreign private issuer and indicates that the company files annual reports under Form 20-F. The principal executive office is located in Mexico City, Mexico.

Why It Matters

This filing provides routine updates for investors and regulators regarding the company's status as a foreign private issuer. It confirms their reporting obligations and location.

Risk Assessment

Risk Level: low — This filing is a routine report for a foreign private issuer and does not contain specific financial or operational disclosures that would indicate a change in risk.

Key Players & Entities

FAQ

What type of filing is this?

This is a Form 6-K report of a foreign private issuer.

Who is the registrant?

The registrant is AMÉRICA MÓVIL, S.A.B. DE C.V.

What is the company's English name?

The company's English name is America Mobile.

Where is the principal executive office located?

The principal executive office is located at Lago Zurich 245 Plaza Carso / Edificio Telcel, Piso 16 Colonia Ampliación Granada, Miguel Hidalgo, 11529 Mexico City, Mexico.

Does the company file annual reports under Form 20-F?

Yes, the company indicates it files annual reports under Form 20-F.

Filing Stats: 4,263 words · 17 min read · ~14 pages · Grade level 8 · Accepted 2024-04-19 12:04:01

Key Financial Figures

Filing Documents

From the Filing

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF A FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April, 2024 Commission File Number: 1-16269 AMÉRICA MÓVIL, S.A.B. DE C.V. (Exact Name of the Registrant as Specified in the Charter) America Mobile (Translation of Registrants Name into English) Lago Zurich 245 Plaza Carso / Edificio Telcel, Piso 16 Colonia Ampliación Granada, 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 of Form 20-F or Form 40-F. Form 20-F Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): 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 first quarter of 2024. We added 1.5 million wireless subscribers in the first quarter, of which 1.3 million were contract clients. Of the postpaid gains, 555 thousand came from Brazil, 260 thousand from Austria, 126 thousand from Colombia and 105 thousand from Mexico. In the prepaid segment we added 263 thousand subscribers with Colombia contributing with 378 thousand net adds, Argentina 226 thousand and Brazil 146 thousand. On the fixed-line platform we connected 562 thousand broadband accessesthe best performance in four yearswith Mexico adding 325 thousand clients followed by Brazil with 92 thousand and Colombia with 23 thousand. First quarter revenue totaled 203.3 billion pesos. Service revenue was up 1.1% year-on-year in nominal peso terms and 5.0% year-on-year at constant exchange rates. Fixed-line service revenue growth accelerated from 3.0% the precedent quarter to 5.1% at constant exchange rates. Mexico led the way posting the fastest growth rate in several years: 9.7%, followed by Peru that was up 8.0%. Brazil reported a 1.0% year-on-year increase. On the mobile platform service revenue expanded 4.9% year-on-year at constant exchange rates driven by Mexico, Brazil and Peru with revenue growth picking up sequentially in all three countries, to 5.8%, 8.5% and 4.9%, respectively. EBITDA of 80.6 billion pesos was down 2.6% annually in nominal peso terms. At constant exchange rates and adjusting for tower sales, it was up 7.5% year-on-year, its fastest pace in eight quarters. Our operating profit totaled 40.8 billion pesos in the quarter. At constant exchange rates and adjusting for tower sales it increased 13.0% year-on-year. After comprehensive financing costs of 13.7 billion pesos it resulted in a net profit of 13.5 billion pesos. Our net financing of 17.4 billion pesos coupled with our operating cash flow allowed us to cover 21.8 billion pesos in capital expenditures, 4.8 billion pesos in share buybacks and 6.5 billion pesos in labor obligations. At the end of March our net debtexcluding leasesstood at 392.5 billion pesos. It was equivalent to a net debt-to-EBITDAaL ratio of 1.5 times. Content Highlights Relevant events Subscribers América Móvil Consolidated Mexico Brazil Colombia Other South America Central America and Caribbean Austria Other European Currency Exchange Rates Appendix Glossary We will host our conference call to discuss 1Q24 financial and operating results on April 17 th at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors América Móvil Fundamentals 1Q24 1Q23 Earnings per Share (Mex$) (1) 0.22 0.48 Earning per ADR (US$) (2) 0.25 0.51 EBITDA per Share (Mex$) (3) 1.29 1.31 EBITDA per ADR (US$) 1.52 1.40 Net Income (millions of Mex$) 13,494 30,146 Average Shares Outstanding (billion) 62.3 63.3 Shares Outstanding End of Period (billion) 62.1 63.2 (1) Net Income / Average Shares Outstanding (2) 20 shares per ADR (3) EBITDA / Average Shares Outstanding América Móvils Subsidiaries as of March 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 59.1% EuroTeleSites towers 57.0% Brazil Claro wireless/wireline 99.6% Colombia Claro wireless/wireline 99.4% Costa Rica Claro wireless/wireline 100.0% 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

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