6-K

AMERICA MOVIL SAB DE CV/ (AMX)

6-K 2023-02-17 For: 2023-02-16
View Original
Added on April 03, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF AFOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2023

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 Registrant’s Name into English)

Lago Zurich245

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):  ☐

LOGO

Mexico City - América Móvil, S.A.B. de C.V. (“AméricaMóvil”) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the fourth quarter of 2022.

We added 1.5 million postpaid clients and 1.8 million prepaids, organically, in the<br>fourth quarter for a total of 3.3 million subscribers. Brazil, Austria and Colombia were the main contributors with postpaid gains of 599 thousand, 322 thousand and 160 thousand, respectively, whereas Mexico was the main<br>contributor of prepaid net additions with 975 thousand followed by Colombia and Central America with 546 thousand and 247 thousand, respectively.
We effected a clean-up of 4.1 million subscribers in<br>Brazil— 2.6 million postpaid and 1.5 million prepaid—pursuant to the acquisition of Oi mobile clients in May 2022 since they were not generating traffic.
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On the fixed-line platform we added 110 thousand broadband accesses and 97 thousand Pay<br>TV clients and lost 234 thousand voice access lines.
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Fourth quarter revenue totaled 216.0 billion pesos. It was down 2.4% year-on-year in Mexican peso terms—as the Mexican peso appreciated vis-à-vis all<br>our main operating currencies other than the Brazilian real—with service revenue declining 1.4%. At constant exchange rates service revenue increased 6.0%<br>year-on-year, with Eastern Europe leading the way at 9.6%, followed by Brazil at 9.0% and Mexico at 5.7%.
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Mobile and fixed-line service revenue were up 9.8% and 0.2%, respectively, at constant exchange<br>rates. The expansion of mobile service revenue was driven by postpaid revenue growth that accelerated to 10.5%.
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EBITDA came in at 84.8 billion pesos, 4.4% less than a year before in nominal peso terms. At<br>constant exchange rates, EBITDA was up 2.3% year-on-year. Adjusted for extraordinary items, EBITDA rose 5.0%.
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Our operating profit totaled 44.7 billion pesos in the quarter, down 7.2% in Mexican peso<br>terms. After comprehensive financing costs of 8.3 billion pesos it resulted in a net profit of 23.1 billion pesos from our continued operations, 5.3% more than in the year-earlier quarter, and of 13.7 billion pesos once the effect of<br>the deconsolidation of Claro Chile is taken into account.
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Our cash flow plus 7.0 billion pesos in net borrowings enabled us to cover capital<br>expenditures of 159.8 billion pesos, shareholder distributions of 50.2 billion pesos and labor obligations of 24.4 billion pesos.
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At the end of December our net debt—excluding leases—stood at 388.5 billion pesos.<br>It was equivalent to a net debt-to-EBITDA ratio of 1.30x.
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Rates
Appendix
Glossary

We will host our conference call to discuss 4Q22 financial and operating results on February 15th at 9:00 amMexico City time. To access the call please log on to www.americamovil.com/investors

LOGO

América<br>Móvil Fundamentals
4Q21
Earnings per Share (Mex)(1) 0.22 2.03
Earning per ADR (US)(2) 0.22 1.96
EBITDA per Share (Mex)(3) 1.33 1.36
EBITDA per ADR<br>(US) 1.35 1.31
Net Income (millions of<br>Mex)(4) 13,710 131,986
Average Shares Outstanding<br>(billion) 63.5 65.0
Shares Outstanding End of<br>Period (billion) 63.6 65.5

All values are in US Dollars.

^(1)^Net Income / Average Shares Outstanding

^(2)^20 shares per ADR

^(3)^EBITDA / Average Shares Outstanding

^(4)^Reflects the impact of the deconsolidation of Claro Chile. Most of it has to do with the depreciation of the Chilean currency vs the Mexican peso over the years.

América Móvil’s Subsidiaries as of December 2022
Country Equity Brand Business Participation
Mexico Telcel wireless 100.0%
Telmex wireline 98.8%
Sección Amarilla other 100.0%
Telvista other 90.0%
Argentina Claro wireless 100.0%
Telmex wireline 100.0%
Brazil Claro wireless/wireline 99.6%
Chile Claro wireless 50.0%
Telmex wireline 50.0%
Colombia Claro wireless/wireline 99.4%
Costa Rica Claro wireless 100.0%
Dominicana 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 100.0%
Nicaragua Claro wireless/wireline 99.6%
Paraguay Claro wireless/wireline 100.0%
Peru Claro wireless/wireline 100.0%
Puerto Rico Claro wireless/wireline 100.0%
Uruguay Claro wireless/wireline 100.0%
Netherlands KPN wireless/wireline 18.3%
Austria Telekom Austria wireless/wireline 51.0%
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LOGO

Note

Upon their sale in November 2021 and July 2022 TracFone Wireless and Claro Panama became discontinued operations. Claro Chiledid so as well upon the establishment of the joint venture with Liberty Latin America in October 2022. The financial statements presented in this report account for those operations as discontinued operations.

The reported figures for Argentina corresponding to the fourth quarter of 2022 are presented in accordance with IAS29reflecting the effects of inflationary accounting as the Argentinean economy is deemed to be hyperinflationary. All comparisons at constant exchange rates for América Móvil’s consolidated figures will exclude Argentina to ensureconsistency.

Relevant Events

S&P upgraded Telekom Austria’s credit rating to A-

In October, Standard and Poor’s upgraded Telekom Austria’s credit rating to A-. This is the best credit rating in Telekom Austria’s history. The improved rating reflects our commitment to maintain a strong operating performance and prudent financial policies.

We issued the largest ever Sustainable Bond in the Mexican market

On November 29th we placed a four-tranche bond issue in the Mexican market raising 24 billion pesos. It included a 10-year note in the amount of 14.7 billion pesos with a 9.52% coupon; **** an inflation protected bond with a 15 year maturity and a 4.84% coupon for a total amount of 7.1 billion pesos; and two floating-rate peso notes with two and three year maturities for a total amount of 2.3 billion pesos. The first two bonds issued are committed to the development of environmental and high impact social projects.

AMX shareholders approved stock conversion into a single series

On December 20th América Móvil’s shareholders approved among others: 1) the conversion of all its series “A”, “AA” and “L” shares into common shares of a single new series “B” with full voting rights with a 1:1 conversion ratio; and 2) the cancellation of AMX treasury shares acquired as part of the company’s buyback program. The adopted resolutions are a big step to improve governance and enable a better business environment.

Telmex reached an agreement with its labor union

On January 16th Telmex reached a constructive agreement with its labor union on retirement conditions (pensions) applicable for newly hired personnel. This agreement reduces the maximum retirement benefit from 80% to 60% of the employee’s last salary, as integrated with certain benefits. Employees with 35 years of service and at least 65 years old will have the retirement benefits under the new agreement which, also, allows Telmex’s active and retired employees to convert part of their pension liability into shares representing Telmex’s capital stock.

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LOGO

Access Lines

3.3M wireless net adds

We added 1.5 million postpaid clients and 1.8 million prepaids, organically, in the fourth quarter for a total of 3.3 million subscribers. Brazil, Austria and Colombia were the main contributors of postpaid gains at 599 thousand, 322 thousand and 160 thousand, respectively, whereas Mexico was the main contributor of prepaid net additions with 975 thousand followed by Colombia and Central America with 546 thousand and 247 thousand, respectively.

We effected a clean-up of 4.1 million subscribers in Brazil— 2.6 million postpaid and 1.5 million prepaid—pursuant to the acquisition of Oi mobile clients in May 2022 since they were not generating traffic.

110k new broadband accesses

On the fixed-line segment we obtained 110 thousand broadband accesses and 97 thousand Pay TV clients, with voice access lines coming down by 234 thousand for a net reduction of 27 thousand RGUs in the quarter.

At the end of the year we had 300 million wireless subscribers, 114 million were postpaid and 73 million RGUs, including 31 million broadband accesses, 13 million Pay TV clients and 29 million land-lines.

Wireless subscribers as of December 2022
Total^(1)^ (Thousands)
Country Dec ’22 Sep ’22 Var.% Dec ’21 Var.%
Argentina, Paraguay and<br>Uruguay 26,915 26,789 0.5% 26,348 2.2%
Austria 8,973 8,651 3.7% 7,844 14.4%
Brazil 83,260 86,629 -3.9% 70,541 18.0%
Central<br>America 16,673 16,381 1.8% 15,753 5.8%
Caribbean 7,345 7,276 1.0% 7,020 4.6%
Colombia 37,550 36,844 1.9% 35,062 7.1%
Eastern<br>Europe 14,924 15,125 -1.3% 14,922 0.0%
Ecuador 9,028 8,900 1.4% 8,666 4.2%
Mexico 82,851 81,808 1.3% 80,539 2.9%
Peru 12,338 12,256 0.7% 12,108 1.9%
Total WirelessLines **** 299,856 **** 300,658 **** -0.3% **** 278,803 **** 7.6%

^(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.

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Fixed-Line and Other Accesses (RGUs) as of December 2022
Total^(1)^ (Thousands)
Country Dec ’22 Sep ’22 Var.% Dec ’21 Var.%
Argentina, Paraguay and<br>Uruguay 2,865 2,676 7.1% 2,020 41.9%
Austria 2,946 2,971 -0.8% 3,051 -3.4%
Brazil^(2)^ 24,136 24,302 -0.7% 25,291 -4.6%
Central<br>America 4,624 4,579 1.0% 4,376 5.7%
Caribbean 2,774 2,695 2.9% 2,608 6.4%
Colombia 9,248 9,184 0.7% 8,876 4.2%
Eastern<br>Europe 3,258 3,183 2.3% 3,026 7.7%
Ecuador 614 607 1.3% 535 14.9%
Mexico 20,824 21,121 -1.4% 21,408 -2.7%
Peru 1,994 1,993 0.1% 1,909 4.4%
TotalRGUs **** 73,283 **** 73,310 **** 0.0% **** 73,100 **** 0.3%

^(1)^Fixed Line, Broadband and Television (Cable & DTH).

^(2)^The number of Pay TV units has been adjusted to the criteria by which we report to the local regulator.

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América Móvil Consolidated Results

At the beginning of the fourth quarter uncertainty about inflation—and how much bringing it down would require in terms of additional interest rate hikes by the FED—drove long-term interest rates in the U.S. to their peak for the year in October, at 4.24%. They remained very volatile the rest of the quarter, ending the year at 3.87%. Nonetheless, the impression they had peaked ended up helping several currencies in the region, particularly the Mexican peso and Chilean peso, which appreciated sharply vis-à-vis the dollar, with the Colombian peso stopping and then reverting slightly its decline of several months. Throughout the period the Brazilian real remained quite volatile and with no apparent trend, as the country was in the midst of a disputed election.

Our fourth quarter revenue totaled 216.0 billion pesos, down 2.4% year-on-year in Mexican peso terms, with service revenue declining 1.4%. The yearly reduction in revenue in Mexican peso terms stems from the appreciation of the Mexican peso vis-à-vis practically all our main operating currencies: 5.5% vs. the U.S. dollar, 30.8% vs. the Colombian peso, 16.4% vs. the Chilean peso and 18.1% vs. the euro. In the period, the Mexican peso remained practically flat, -0.6%, vs. the Brazilian real.

At constant exchange rates—correcting for the currency movements mentioned above—service revenue actually increased 6.0%, the same pace seen in the preceding quarter, with both mobile and fixed-line service revenue expanding at a similar pace than in the prior quarter: mobile revenue growth was robust at 9.8%, whereas fixed-line service revenue growth was barely positive, 0.2%.

On the mobile platform postpaid service revenue growth, 10.5%, stayed strong but that from prepaid declined slightly, from 9.5% in the third quarter to 8.6% in the fourth. As for the fixed-line platform, both corporate networks and broadband revenue decelerated from the third quarter, from 12.4% to 10.5% that of corporate networks and from 3.6% to 2.9%, that of broadband. **** However, Pay TV revenue continued their recovery, declining only 3.5% in the fourth quarter, its smallest decline in at least five quarters.

Our Eastern European operations led the way in terms of service revenue growth, 12.0%, which becomes 9.6% at constant exchange rates. Brazil and Mexico followed with 9.0% and 5.7%, respectively.

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LOGO

EBITDA declined 4.4% year-on-year to 84.8 billion pesos in the fourth quarter. Adjusting for extraordinary items it reached 79.6 billion pesos and was down 2.3% in Mexican peso terms. Our adjusted EBITDA rose 5.0% at constant exchange rates with the margin remaining flat at 37.8% in relation to the year-earlier quarter. The adjustments include extraordinary revenue from the sale of towers by Telmex, both in the fourth quarter of 2021 and 2022, and by Peru in the current quarter; the reduction in medical costs and in property taxes levied on telecom infrastructure in Puerto Rico; and the elimination of a provision in Ecuador associated with revised terms for certain payment obligations.

Our operating profits totaled 44.7 billion pesos in the quarter, down 7.2% in Mexican peso terms, as depreciation and amortization charges dropped 1.2%. These incorporate the reduction in tower-related depreciation charges pursuant to the tower spin-off and the increased rights-of-use depreciation charges arising from the new tower-lease obligations.

After a comprehensive financing cost of 8.3 billion pesos in the quarter, 57.5% smalller than the one observed a year before, we ended up with a net profit of 23.1 billion pesos from our continued operations, 5.3% greater than that observed a year before, and of 13.7 billion pesos once the effect of the deconsolidation of Claro Chile is taken into account.

Our net debt including leases totaled 522.6 billion pesos at the end of 2022 having increased 16.3 billion pesos over the year. Excluding leases, our net debt totaled 388.5 billion pesos; it was down 19.2 billion pesos relative to the year-end figure in 2021. The net debt figure reflects the deconsolidation of 47.2 billion pesos of debt obligations that were transferred to Sitios Latam upon its spin-off in August 2022 and of 6.0 billion of debt at the Claro Chile level following the joint venture with Liberty Latin America last October.

Our cash flow and net borrowings of 7.0 billion pesos allowed us to cover capital expenditures in the amount of 159.8 billion pesos; net shareholder distributions of 50.2 billion pesos; labor obligations totaling 24.4 billion pesos; and net payments arising from the acquisition/sale of ownership interests totaling 11.7 billion pesos.

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LOGO

América Móvil’s Income Statement Proforma **^(1)^**Millions of Mexican pesos
4Q22 4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Service Revenue 172,695 175,108 -1.4% 698,716 679,627 2.8%
Equipment Revenue 35,381 37,153 -4.8% 131,516 136,387 -3.6%
Total Revenue^(2)^ **** 215,962 **** 221,357 **** -2.4% **** 844,501 **** 830,687 **** 1.7%
Cost of Service 53,107 53,104 0.0% 215,510 210,896 2.2%
Cost of Equipment 31,818 32,930 -3.4% 115,022 117,614 -2.2%
Selling, General & Administrative<br>Expenses 44,431 45,594 -2.5% 179,454 173,580 3.4%
Others 1,851 1,031 79.6% 5,010 4,738 5.7%
Total Costs and Expenses **** 131,207 **** 132,659 **** -1.1% **** 514,997 **** 506,828 **** 1.6%
EBITDA **** 84,755 **** 88,698 **** -4.4% **** 329,505 **** 323,859 **** 1.7%
% of Total Revenue 39.2% 40.1% 39.0% 39.0%
Adjusted EBITDA **** 79,598 **** 81,491 **** -2.3% **** 324,348 **** 316,653 **** 2.4%
% of Total Revenue 37.8% 38.1% 38.7% 38.5%
Depreciation &<br>Amortization 40,069 40,550 -1.2% 158,634 156,303 1.5%
EBIT **** 44,685 **** 48,148 **** -7.2% **** 170,871 **** 167,556 **** 2.0%
% of Total Revenue 20.7% 21.8% 20.2% 20.2%
Net Interest Expenses 8,607 7,781 10.6% 36,435 31,904 14.2%
Other Financial Expenses -4,585 1,792 -355.9% 19,116 14,244 34.2%
Foreign Exchange Loss 4,279 9,977 -57.1% -20,762 16,715 -224.2%
Comprehensive Financing Cost(Income) **** 8,301 **** 19,550 **** -57.5% **** 34,790 **** 62,863 **** -44.7%
Income & Deferred Taxes 10,387 6,753 53.8% 46,044 32,717 40.7%
Net Income before Minority Interest andEquity Participation in Results of Affiliates **** 25,998 **** 21,845 **** 19.0% **** 90,037 **** 71,976 **** 25.1%
Equity Participation in Results of<br>Affiliates -1,859 -5 n.m. -1,811 114 n.m.
Minority Interest -1,038 102 n.m. -5,347 -3,903 -37.0%
Net Income from ContinuedOperations **** 23,100 **** 21,943 **** 5.3% **** 82,878 **** 68,187 **** 21.5%
Net Income from Discontinued Operations^(3)^ **** -9,391 **** 110,044 **** -108.5% **** -6,719 **** 124,236 **** -105.4%
Net Income **** 13,710 **** 131,986 **** -89.6% **** 76,159 **** 192,423 **** -60.4%

^(1)^Adjusted to reflect the sale of TracFone and Panama, the spin-off of Sitios Latinoamérica and the deconsolidation of Claro Chile on account of the new joint venture.

^(2)^Total Revenue include Other Revenue.

^(3)^Reflects the impact of the deconsolidation of Claro Chile. Most of it has to do with the depreciation of the Chilean currency vs the Mexican peso over the years. n.m. Not meaningful.

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Balance Sheet - América Móvil Consolidated **^(1)^**Millions of Mexican Pesos
Dec ‘22 Dec ‘21 Var.% Dec ‘22 Dec ‘21 Var.%
Current Assets Current Liabilities
Cash, Marketable Securities & Other Short<br>Term Investments 122,129 156,383 -21.9% Short Term Debt^(2)^ 102,024 145,223 -29.7%
Accounts Receivable 202,026 212,977 -5.1% Lease-Related Debt 32,902 27,632 19.1%
Other Current Assets 12,853 10,611 21.1% Accounts Payable 231,288 260,879 -11.3%
Inventories 23,995 24,185 -0.8% Other Current Liabilities 122,661 100,279 22.3%
**** 361,003 **** 404,157 **** -10.7% **** 488,876 **** 534,013 **** -8.5%
Non Current Assets Non Current Liabilities
Plant & Equipment,<br>gross 1,320,969 1,408,997 -6.2% Long Term Debt 408,565 418,807 -2.4%
-Depreciation 663,743 677,801 -2.1% Lease-Related Debt 101,247 71,022 42.6%
Plant & Equipment,<br>net 657,226 731,197 -10.1% Other Liabilities 181,581 211,766 -14.3%
Rights of Use 121,874 90,372 34.9% **** 691,393 **** 701,595 **** -1.5%
Investments in Affiliates and Other<br>Investments 30,957 9,947 211.2%
Deferred Assets
Goodwill (Net) 141,121 136,578 3.3%
Intangible Assets 128,893 143,226 -10.0% Shareholder’s<br>Equity 437,829 454,042 -3.6%
Deferred Assets 177,024 174,173 1.6%
Total Assets **** 1,618,098 **** 1,689,650 **** -4.2% Total Liabilities andEquity **** 1,618,098 **** 1,689,650 **** -4.2%

^(1)^The spin-off of Sitios Latinoamérica gave rise to 37.0 billion pesos in new lease-related debt and a similar amount in rights of use of tower assets.

^(2)^Includes current portion of Long Term Debt.

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Mexico

1.0M mobile net adds

We added just over one million wireless subscribers in the quarter including 68 thousand postpaids—compared to only 30 thousand in the first nine months to September—but disconnected 297 fixed-line RGUs including 96 thousand broadband accesses. Our wireless base reached 82.9 million in December, up 2.9% year-on-year, whereas fixed-line RGUs totaled 20.8 million, down 2.7% year-on-year.

Service revenue +5.7% YoY

Revenue increased 1.3% over the year to 83.8 billion pesos. This figure includes almost three billion pesos from the sale of towers by Telmex in the quarter. A year before Telmex had obtained seven billion pesos from a similar sale. Service revenue expanded 5.7% year-on-year, with mobile service revenue increasing 9.1%. Prepaid revenue grew slightly faster than postpaid, 9.7% vs. 8.4%, respectively. On the fixed-line platform service revenue declined 1.3% in spite of broadband revenue increasing 4.1% and revenue from corporate networks being flat relative to the prior year.

Adjusted EBITDA +9.4% YoY

Adjusting for the tower sales, EBITDA for the period came in at 32.6 billion pesos. It was 9.4% higher than that of the year-earlier quarter as a result of operational efficiencies and solid mobile revenue growth. The adjusted margin for the period, 40.2%, climbed 0.8 percentage points year-on-year.

By December we reached 100 cities with 5G services

By the end of December our 5G footprint covered 100 cities. We will continue with the 5G roll-out to enhance our customer experience.

Telmex reached an agreement with its labor union

Telmex reached a constructive agreement with its labor union to modify retirement conditions for newly hired personnel. The new agreement allows for Telmex active and retired employees to convert part of their pension rights into Telmex shares.

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INCOMESTATEMENT - Mexico Millions of MxP
4Q22 4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Total Revenue^(1)^ **** 83,786 **** 82,741 **** 1.3% **** 309,204 **** 303,415 **** 1.9%
Total Service Revenue 61,061 57,781 5.7% 236,884 224,444 5.5%
Total Equipment Revenue 18,337 17,063 7.5% 63,811 68,213 -6.5%
Wireless Revenue 60,342 55,491 8.7% 225,359 215,943 4.4%
Service Revenue 42,142 38,618 9.1% 162,007 148,285 9.3%
Equipment Revenue 18,200 16,873 7.9% 63,352 67,657 -6.4%
Fixed Line Revenue 19,056 19,354 -1.5% 75,336 76,715 -1.8%
Service Revenue 18,919 19,163 -1.3% 74,877 76,159 -1.7%
Equipment Revenue 137 191 -28.2% 459 556 -17.5%
EBITDA **** 35,212 **** 36,787 **** -4.3% **** 127,745 **** 124,956 **** 2.2%
% total revenue 42.0% 44.5% 41.3% 41.2%
Adjusted EBITDA **** 32,647 **** 29,844 **** 9.4% **** 125,179 **** 118,013 **** 6.1%
% total revenue 40.2% 39.4% 40.8% 39.8%
EBIT **** 27,023 **** 28,766 **** -6.1% **** 95,565 **** 93,754 **** 1.9%
% total revenue 32.3% 34.8% 30.9% 30.9%

^(1)^Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

Mexico OperatingData
4Q22 4Q21 Var.%
Wireless Subscribers(thousands) **** 82,851 **** 80,539 **** 2.9%
Postpaid 14,650 14,553 0.7%
Prepaid 68,201 65,986 3.4%
ARPU (MxP) **** 171 **** 163 **** 5.0%
Churn (%) **** 3.2% **** 3.4% **** (0.2)
Revenue Generating Units (RGUs)^(1)^ **** 20,824 **** 21,408 **** -2.7%
Fixed Lines 10,799 11,371 -5.0%
Broadband 10,025 10,037 -0.1%

^(1)^Fixed Line and Broadband.

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Brazil

599k postpaid net adds

In the fourth quarter we added 599 thousand postpaid subscribers and 157 thousand prepaid clients for a total of 756 thousand net subscriber gains. On the fixed-line segment we added 26 thousand broadband accesses—after losing 34 thousand in the third quarter—but disconnected 132 thousand fixed voice lines and 60 thousand Pay TV units.

83M wireless subscribers and 24M RGUs

We ended December with 83.3 million wireless subscribers and 24.1 million fixed-line RGUs. The wireless subscriber figure reflects a clean-up of 4.1 million subscribers pursuant to the acquisition of Oi mobile clients that were not generating traffic. After the clean-up we had net disconnections of 3.4 million wireless subscribers: 2.0 million postpaids and 1.4 million prepaids.

Service revenue +9.0% YoY on the back of mobile services

Revenue for the quarter reached 11.2 billion reais, 9.7% more than a year before as service revenue expanded 9.0% to 10.6 billion reais. Mobile service-revenue growth accelerated to a pace of 22.7% on the back of postpaid revenue that quickened from 19.9% in the third quarter to 21.8% in the fourth one. Prepaid revenue growth—at 26.3% still higher than that of postpaid—decelerated from the 32.3% pace observed the prior quarter.

Broadband revenue +5.1% YoY

As for fixed-line service revenue, it was off 3.5%—compared to 3.1% in the prior quarter—as a result of the contraction of voice and Pay TV revenue, 22.6% and 9.4%, respectively. Corporate networks revenue increased 22% and broadband revenue 5.1%. The latter represents a slight improvement in relation to prior quarters as we have been growing our share of high-speed broadband clients and making progress to retain our broadband base.

EBITDA +8.5% YoY

EBITDA was up 8.5% year-on-year to 4.6 billion reais. It was equivalent to 41.1% of revenues.

For several quarters in a row Claro has been ranked the fastest mobile network in Brazil. We continue to lead in net gains of value clients and in mobile number portability overall. Claro covers 43% of the 5G clients in the Brazilian market.

We have also continued rolling out fiber-to-the-home to improve quality and speed of our broadband service which has been recognized by Ookla for its reliability and stability.

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INCOME STATEMENT - Brazil Millions of BrL ****

4Q22 4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Total Revenue^(1)^ **** 11,155 **** 10,169 **** 9.7% **** 42,498 **** 39,531 **** 7.5%
Total Service<br>Revenue 10,616 9,737 9.0% 40,886 38,176 7.1%
Wireless<br>Revenue 6,208 5,037 23.3% 22,695 19,041 19.2%
Service<br>Revenue 5,699 4,644 22.7% 21,181 17,797 19.0%
Equipment<br>Revenue 509 393 29.6% 1,514 1,245 21.6%
Fixed Line<br>Revenue 4,916 5,094 -3.5% 19,705 20,383 -3.3%
EBITDA **** 4,579 **** 4,220 **** 8.5% **** 17,235 **** 15,991 **** 7.8%
% total<br>revenue 41.1% 41.5% 40.6% 40.5%
EBIT **** 1,647 **** 1,644 **** 0.2% **** 6,218 **** 5,763 **** 7.9%
% total<br>revenue 14.8% 16.2% 14.6% 14.6%

^(1)^Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.

Total revenue include other income.

Brazil OperatingData
4Q22 4Q21 Var.%
Wireless Subscribers(thousands) 83,260 70,541 18.0%
Postpaid 46,954 41,400 13.4%
Prepaid 36,306 29,141 24.6%
ARPU(BrL) 22 22 -0.1%
Churn(%) 4.3% 3.1% 1.2
Revenue Generating Units (RGUs)^(1)^ 24,136 25,291 -4.6%

^(1)^Fixed Line, Broadband and Television. The number of Pay TV units has been adjusted to the criteria by which we report to the local regulator.

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Colombia

706k mobile net adds

In the fourth quarter we added 706 thousand wireless clients—160 thousand of them postpaid—and 63 thousand fixed-line RGUs to end the year with 37.6 million wireless subscribers and 9.2 million RGUs.

Mobile service revenue +4.7% YoY

Our revenue declined 3.0% year-on-year to 3.7 trillion Colombian pesos dragged down by a 15.5% decline in equipment revenue that was not compensated by the 1.4% growth in service revenue. On the mobile front, service-revenue growth accelerated from 3.0% in the prior quarter to 4.7% in the current period on the back of a 6.5% increase in postpaid revenue, in spite of strong commercial activity.

Strong competition in the broadband segment

Fixed-line service-revenue fell 3.6% as a result of strong competition in the broadband segment, with broadband revenue declining 12.9%. Corporate networks revenue had a strong performance, expanding 12.8%, and Pay TV revenue growth picked-up from the prior quarter to 2.1%.

Devaluation of the Colombian peso and inflation affected EBITDA

EBITDA was down 3.7% as a result of higher costs that were affected by either the devaluation of the Colombian peso vis-à-vis the dollar and/or the mounting inflation. Additionally, competition has intensified in both the mobile and the fixed segment pushing ARPUs down. We continue to focus on cost controlls and efficiency gains and managed to come up with a margin equivalent to 43.4% of revenues.

INCOME STATEMENT - Colombia Billions of COP ****

4Q22 4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Total Revenue^(1)^ **** 3,742 **** 3,857 **** -3.0% **** 14,857 **** 14,628 **** 1.6%
Total Service<br>Revenue 2,896 2,858 1.4% 11,428 11,245 1.6%
Wireless<br>Revenue 2,574 2,639 -2.5% 10,108 9,820 2.9%
Service<br>Revenue 1,781 1,700 4.7% 6,893 6,727 2.5%
Equipment<br>Revenue 793 939 -15.5% 3,215 3,093 3.9%
Fixed Line<br>Revenue 1,139 1,186 -3.9% 4,640 4,631 0.2%
EBITDA **** 1,623 **** 1,686 **** -3.7% **** 6,358 **** 6,323 **** 0.6%
% total<br>revenue 43.4% 43.7% 42.8% 43.2%
EBIT **** 890 **** 1,042 **** -14.5% **** 3,660 **** 3,814 **** -4.0%
% total<br>revenue 23.8% 27.0% 24.6% 26.1%

^(1)^Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

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Colombia OperatingData
4Q22 4Q21 Var.%
Wireless Subscribers(thousands)^(1)^ 37,550 35,062 7.1%
Postpaid 9,695 8,749 10.8%
Prepaid 27,855 26,313 5.9%
ARPU(COP) 16,072 16,432 -2.2%
Churn(%) 3.6% 4.4% (0.7)
Revenue Generating Units(RGUs)^(2)^ 9,248 8,876 4.2%

^(1)^Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of Colombia (MinTIC).

^(2)^Fixed Line, Broadband and Television.

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Peru

115k postpaid net adds

Net additions for the quarter came in at 82 thousand wireless subscribers, after 115 thousand postpaid net adds and 34 thousand prepaid disconnections. At the end of December we had 12.3 million wireless subscribers; our postpaid base rose 10.3% annually and our prepaid base declined 4.3%. On the fixed-line segment, we ended the year just shy of two million RGUs including 285 thousand Pay TV units and 968 thousand broadband accesses, up 14.2% and 3.7%, respectively.

Mobile & fixed-line service revenue +5.8% and 2.8%, respectively

Total revenue, 1.8 billion soles, increased 5.8% from the year-earlier quarter. This figure includes 142 million soles from the sale of 500 towers to Sitios Latinoamérica. Service revenue increased 5.0% with wireless service-revenue expanding 5.8% driven by 10.0% postpaid revenue growth. Prepaid revenue fell 6.0% as a result of migration to the contract segment driven by attractive promotions and to certain recharging issues. On the fixed-line platform service revenue increased 2.8% annually as Pay TV revenue rose 9.6% and broadband revenue 4.3%. Corporate networks posted revenue growth of 5.8% accelerating its pace from prior quarters.

Adjusted EBITDA +5.3% YoY

Fourth quarter EBITDA came in at 638 million soles, up 19.6% year-on-year, for an EBITDA margin of 36.1%. Adjusting for the tower sale, EBITDA increased 5.3% organically and the margin increased 2.6 percentage points from the prior year at 34.6%.

INCOME STATEMENT - Peru Millions of Soles ****

4Q22 4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Total Revenue^(1)^ **** 1,766 **** 1,669 **** 5.8% **** 6,546 **** 6,172 **** 6.1%
Total Service<br>Revenue 1,211 1,154 5.0% 4,693 4,425 6.1%
Wireless<br>Revenue 1,306 1,358 -3.8% 5,185 4,993 3.8%
Service<br>Revenue 911 861 5.8% 3,515 3,284 7.0%
Equipment<br>Revenue 395 496 -20.5% 1,670 1,709 -2.3%
Fixed Line<br>Revenue 300 292 2.8% 1,178 1,141 3.2%
EBITDA **** 638 **** 534 **** 19.6% **** 2,240 **** 2,235 **** 0.2%
% total<br>revenue 36.1% 32.0% 34.2% 36.2%
AdjustedEBITDA **** 562 **** 534 **** 5.3% **** 2,163 **** 2,235 **** -3.2%
% total<br>revenue 34.6% 32.0% 33.8% 36.2%
EBIT **** 329 **** 216 **** 52.5% **** 1,040 **** 1,044 **** -0.4%
% total<br>revenue 18.6% 12.9% 15.9% 16.9%

^(1)^Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

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Peru OperatingData
4Q22 4Q21 Var.%
Wireless Subscribers(thousands) 12,338 12,108 1.9%
Postpaid 5,636 5,108 10.3%
Prepaid 6,702 7,001 -4.3%
ARPU(Sol) 25 24 3.0%
Churn(%) 4.4% 4.1% 0.3
Revenue Generating Units(RGUs)^(1)^ 1,994 1,909 4.4%

^(1)^Fixed Line, Broadband and Television.

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Ecuador

127k wireless net adds

Our wireless subscriber base topped nine million in December after net gains of 127 thousand subs, including 35 thousand postpaid clients. We added eight thousand fixed-line RGUs to reach 614 thousand by year-end, 14.9% more than a year before.

Service revenue +3.0% YoY

At 284 million dollars, revenue for the quarter came in 9.7% above the prior year’s, reflecting among others, income resulting from the freeing-up of reserves associated with certain payment obligations. Service revenue increased 3.0%, its best showing in at least five quarters; a year before it was down 5.4%. Mobile service revenue expanded 2.9%—compared to 1.6% in the prior quarter—on the back of postpaid revenue that climbed 6.7%. On the fixed-line platform, service revenue increased 3.3% as broadband revenue growth was practically flat year-on-year after rising 8.9% a year before. Corporate networks revenue shot up 18.8%.

Adjusted EBITDA +0.7% YoY

EBITDA increased 8.2% from the year-earlier quarter to 132 million dollars. This figure reflects the impact of the freeing-up of reserves mentioned above. Correcting for this and other smaller one-time effects EBITDA would have risen 0.7% to 123 million dollars, resulting in a 46.3% adjusted EBITDA margin.

INCOME STATEMENT - Ecuador Millions of Dollars
4Q22 4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Total Revenue^(1)^ **** 284 **** 259 **** 9.7% **** 1,049 **** 1,019 **** 3.0%
Total Service<br>Revenue 232 225 3.0% 906 902 0.5%
Wireless<br>Revenue 239 231 3.6% 922 911 1.2%
Service<br>Revenue 205 199 2.9% 800 799 0.2%
Equipment<br>Revenue 34 31 7.6% 121 112 8.2%
Fixed Line<br>Revenue 27 28 -3.2% 109 106 2.1%
EBITDA **** 132 **** 122 **** 8.2% **** 488 **** 465 **** 5.1%
% total<br>revenue 46.6% 47.3% 46.5% 45.6%
AdjustedEBITDA **** 123 **** 122 **** 0.7% **** 479 **** 465 **** 3.1%
% total<br>revenue 46.3% 47.3% 46.4% 45.6%
EBIT **** 75 **** 74 **** 0.3% **** 286 **** 259 **** 10.6%
% total<br>revenue 26.3% 28.8% 27.3% 25.4%

^(1)^Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

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Ecuador Operating Data
4Q21 Var.%
Wireless Subscribers<br>(thousands) 9,028 **** 8,666 **** 4.2%
Postpaid 2,204 2,089 5.5%
Prepaid 6,823 6,576 3.8%
ARPU<br>(US) 8 **** 8 **** -1.2%
Churn<br>(%) 3.1% **** 3.3% **** (0.2)
Revenue Generating Units<br>(RGUs)(1) 614 **** 535 **** 14.9%

All values are in US Dollars.

^(1)^Fixed Line, Broadband and Television.

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Argentina

For comparison purposes all comments in this section related to annual variations of the presented period for Argentinarefer to figures in constant peso terms, that is, adjusted for inflation in accordance to NIC 29. Information for Uruguay and Paraguay is not presented in the table.

100k wireless net adds and 191k fixed-line new RGUs

We added 100 thousand new subscribers in the fourth quarter of which 86 thousand were postpaid. In the fixed-line segment the number of accesses increased by 191 thousand of which 69 thousand were broadband accesses. At the end of the year our wireless subscriber base totaled 23.9 million and our fixed-line RGUs reached 2.5 million clients. Pay TV was the fastest growing segment, more than doubling relative to the prior year; broadband connections increased 44.5%.

Fixed-line service revenue improved vs. the precedent quarter

Revenue of 75 billion Argentinean pesos was down 14.3% in after-inflation terms—15.7% in the case of service revenue—as the inflation rate accelerated towards the end of the year. On the mobile segment, service revenue dropped 17.8% after inflation, compared to a 19.8% decline in the precedent quarter. As for fixed-line revenue, it was off 3.0% after inflation, improving from a 10.2% reduction in the third quarter.

EBITDA margin at 39.3% of revenue

EBITDA of 29.5 billion Argentinean pesos was 14% lower than that of the prior year in after-inflation terms. The EBITDA margin, 39.3%, observed a slight improvement relative to the year-earlier quarter.

INCOME STATEMENT - Argentina Millions of Constant ARS as of December 2022
4Q22 4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Total Revenue^(1)^ **** 75,004 **** 87,566 **** -14.3% **** 313,319 **** 346,633 **** -9.6%
Total Service<br>Revenue 58,395 69,243 -15.7% 246,682 279,773 -11.8%
Wireless<br>Revenue 65,165 77,428 -15.8% 275,654 307,799 -10.4%
Service<br>Revenue 48,800 59,355 -17.8% 209,860 241,762 -13.2%
Equipment<br>Revenue 16,365 18,073 -9.5% 65,794 66,038 -0.4%
Fixed Line<br>Revenue 9,595 9,888 -3.0% 36,823 38,012 -3.1%
EBITDA **** 29,481 **** 34,299 **** -14.0% **** 125,796 **** 138,291 **** -9.0%
% total<br>revenue 39.3% 39.2% 40.1% 39.9%
EBIT **** 22,524 **** 27,637 **** -18.5% **** 100,556 **** 109,993 **** -8.6%
% total<br>revenue 30.0% 31.6% 32.1% 31.7%

^(1)^Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

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Argentina Operating Data
4Q22 4Q21 Var.%
Wireless Subscribers(thousands) **** 23,875 **** 23,406 **** 2.0%
Postpaid 9,159 8,788 4.2%
Prepaid 14,716 14,619 0.7%
ARPU(ARS) **** 728 **** 887 **** -17.9%
Churn(%) **** 1.3% **** 1.3% **** 0.0
Revenue Generating Units(RGUs)^(1)^ **** 2,547 **** 1,694 **** 50.3%

^(1)^Fixed Line, Broadband and Television.

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Central America

292k wireless net adds

Our operations in Central America reported net wireless subscriber gains of 292 thousand in the fourth quarter, including 45 thousand postpaid subscribers. On the fixed-line platform we gained 34 thousand Pay TV units and 30 thousand broadband accesses. At the end of the year we had 16.7 million wireless subscribers and 4.6 million fixed-line RGUs; both increased 5.7% year-on-year.

Mobile service revenue +5.7% YoY

Revenue rose 3.8% year-on-year to 598 million dollars. Service-revenue was up 3.6%, in line with the third quarter, with mobile service revenue increasing 5.7%. Prepaid revenue grew somewhat faster than that of postpaids, at 6.8% vs. 4.1%. Fixed-line service revenue was flat as compared to the prior year following three consecutive quarters of slightly negative growth rates. We have seen improving trends for Pay TV and broadband revenue, up 6.0% and 1.0%, respectively, that have compensated for the decline in voice revenue as a result of our fiber-to-the-home rollout that we will carry on in 2023.

EBITDA margin at 42.5% of revenue

EBITDA for the period totaled 254 million dollars, down 2.7% mostly as result of higher subscriber acquisition costs. The EBITDA margin stood at 42.5% of revenue, having come down by 2.8 percentage points from the year-earlier quarter.

INCOME STATEMENT ^(1)^ - Central America Millions of Dollars
4Q22 4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Total Revenue^(2)^ **** 598 **** 576 **** 3.8% **** 2,338 **** 2,237 4.5%
Total Service<br>Revenue 515 497 3.6% 2,014 1,950 3.3%
Wireless<br>Revenue 407 384 6.0% 1,581 1,481 6.8%
Service<br>Revenue 336 318 5.7% 1,305 1,236 5.6%
Equipment<br>Revenue 71 66 7.6% 276 245 12.8%
Fixed Line<br>Revenue 186 186 0.0% 737 738 -0.2%
EBITDA **** 254 **** 261 **** -2.7% **** 1,012 **** 991 2.1%
% total<br>revenue 42.5% 45.3% 43.3% 44.3%
EBIT **** 110 **** 148 **** -25.8% **** 518 **** 540 -4.1%
% total<br>revenue 18.4% 25.7% 22.1% 24.1%

^(1)^The table reflects the sale of Panama.

^(2)^Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

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Central America Operating<br>Data(1)
4Q21 Var.%
Wireless Subscribers<br>(thousands) 16,673 **** 15,753 **** 5.8%
Postpaid 2,378 2,208 7.7%
Prepaid 14,296 13,545 5.5%
ARPU<br>(US) 7 **** 7 **** -2.6%
Churn<br>(%) 5.9% **** 5.7% **** 0.3
Revenue Generating Units<br>(RGUs)(2) 4,624 **** 4,376 **** 5.7%

All values are in US Dollars.

^(1)^The table reflects the sale of Panama.

^(2)^Fixed Line, Broadband and Television.

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Caribbean

66k wireless net adds in Dominican Republic

Our subscriber base in Dominicana ended December with 6.3 million wireless subscribers, 5.4% more than a year before, following the addition of 66 thousand new subs in the quarter; 20 thousand of them postpaid. Our fixed-line RGUs totaled 2.1 million after adding 28 thousand new broadband accesses, 21 thousand new land-lines and 14 thousand Pay TV subscriptions in the quarter.

Service revenue +3.5% YoY in Dominican Republic

Revenue in Dominicana just shy of 15 billion Dominican pesos, was up 4.5% year-on-year, with service revenue expanding 3.5%, reflecting similar growth rates in the mobile and fixed-line segments.

EBITDA +2.9% YoY in Dominican Republic

EBITDA for the period came in at 7.6 billion Dominican pesos, having increased 2.9% relative to the year before. The EBITDA margin stood at 51.2%, down 0.8 percentage points in the period.

RGUs base +11.2% YoY in Puerto Rico

In Puerto Rico we ended the year with one million wireless subscribers and 685 thousand fixed-line RGUs. While the mobile subscriber base remained practically unchanged, on the fixed-line segment RGUs grew 11.2% after adding 15 thousand RGUs in the period.

Fixed-line service revenue +15.3% YoY in Puerto Rico

Fourth quarter revenue totaled 312 million dollars, a figure that includes 86 million dollars in extraordinary revenue arising from the freeing-up of reserves associated with property taxes on telecom infrastructure as this were revised downwards. Service revenue expanded 4.0% year-on-year, helped along by fixed-line service revenue that accelerated to 15.3%, more than offsetting the -2.8% decline in mobile service revenue. EBITDA of 153 million dollars reflects both the extraordinary revenue associated with the freeing of reserves mentioned above and a 42 million dollar reduction in the cost of our medical insurance plan on account of revised terms and conditions. Adjusting for these and other smaller items, EBITDA totaled 28 million dollars, down 24.1% from the year-earlier quarter.

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INCOME STATEMENT - Caribbean Millions of Dollars
4Q22 4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Total Revenue^(1)^ **** 584 **** 484 **** 20.8% **** 2,033 **** 1,865 9.0%
Total Service<br>Revenue 436 412 6.0% 1,716 1,615 6.3%
Wireless<br>Revenue 316 311 1.8% 1,241 1,186 4.6%
Service<br>Revenue 255 248 3.0% 1,011 952 6.2%
Equipment<br>Revenue 61 63 -2.6% 229 234 -2.0%
Fixed Line<br>Revenue 184 167 10.2% 715 672 6.4%
EBITDA **** 293 **** 180 **** 62.6% **** 835 **** 680 22.7%
% total<br>revenue 50.1% 37.2% 41.1% 36.5%
AdjustedEBITDA **** 167 **** 167 **** 0.0% **** 709 **** 668 6.2%
% total<br>revenue 33.4% 35.5% 36.4% 36.0%
EBIT **** 204 **** 96 **** 112.4% **** 485 **** 344 41.0%
% total<br>revenue 34.9% 19.8% 23.9% 18.5%

^(1)^Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

Caribbean Operating Data
4Q21 Var.%
Wireless Subscribers<br>(thousands) 7,345 **** 7,020 **** 4.6%
Postpaid 2,177 2,134 2.0%
Prepaid 5,168 4,886 5.8%
ARPU<br>(US) 12 **** 12 **** -2.5%
Churn<br>(%) 3.2% **** 3.1% **** 0.1
Revenue Generating Units<br>(RGUs)(1) 2,774 **** 2,608 **** 6.4%

All values are in US Dollars.

^(1)^Fixed Line, Broadband and Television.

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Austria

323k wireless net adds

We added 323 thousand postpaid clients in the fourth quarter, to end the year with nearly nine million wireless subscribers, 14.4% more than at the close of 2021. On the fixed-line platform we had net disconnections in the period. We have redesigned our fixed-broadband strategy following the broadband market deregulation that became effective last October, which will enable A1 to be more competitive in this segment.

Mobile service revenue +4.9% YoY

Our revenue was up 4.2% year-on-year to 710 million euros, as service revenue increased 3.2% driven by 4.9% mobile service revenue growth. The solid performance in the mobile sector reflects successful upselling to higher value plans and good traction in connectivity solutions,****with revenue from corporate networks jumping 7.3% year-on-year.

EBITDA +4.6% YoY

EBITDA before restructuring charges increased 5.1%—4.6% reported—to 268 million euros as service revenue growth helped offset higher operating expenses and negative equipment margin. The reported EBITDA margin was 20 basis points higher than a year before, at 34.5% of revenues.

INCOME STATEMENT - Austria Millions of Euros
4Q22 4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Total Revenue^(1)^ **** 710 **** 682 **** 4.2% **** 2,752 **** 2,678 **** 2.8%
Total Service Revenue 615 596 3.2% 2,414 2,369 1.9%
Wireless Revenue 326 310 5.1% 1,248 1,197 4.2%
Service Revenue 263 251 4.9% 1,032 980 5.3%
Equipment Revenue 63 59 5.9% 217 218 -0.5%
Fixed Line Revenue 372 358 3.9% 1,452 1,430 1.6%
EBITDA **** 245 **** 234 **** 4.6% **** 1,040 **** 991 **** 4.9%
% total revenue 34.5% 34.3% 37.8% 37.0%
Adjusted EBITDA^(2)^ **** 268 **** 255 **** 5.1% **** 1,113 **** 1,075 **** 3.5%
% total revenue 37.8% 37.4% 40.4% 40.2%
EBIT **** 112 **** 95 **** 18.5% **** 495 **** 441 **** 12.2%
% total revenue 15.8% 13.9% 18.0% 16.5%

For further detail please visit www.a1.group/en/investor-relations

^(1)^Total revenue include other income.

^(2)^Does not include restructuring charges in Austria nor one-off effects.

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Austria Operating Data
4Q22 4Q21 Var.%
Wireless Subscribers(thousands)^(1)^ **** 8,973 **** 7,844 **** 14.4%
Postpaid 7,890 6,818 15.7%
Prepaid 1,083 1,026 5.5%
ARPU(Euros) **** 10 **** 11 **** -7.7%
Churn(%) **** 0.7% **** 0.7% **** 0.0
Revenue Generating Units(RGUs)^(2)^ **** 2,946 **** 3,051 **** -3.4%

^(1)^Includes A1 Digital subscribers.

^(2)^Fixed Line, Broadband and Television.

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Other European

75k new RGUs

With net disconnections of 201 thousand subscribers in the period—all of them prepaid—we ended the year with 14.9 million clients. On the fixed-line platform we added 75 thousand RGUs of which 40 thousand were broadband accesses and 36 thousand Pay TV clients to finish December with 3.3 million fixed RGUs, 7.7% more than a year before.

Fixed-line service revenue +16.4% at constant Fx

Revenue rose 12.0% year-on-year—9.6% at constant currency terms—to 633 million euros. On the mobile segment, service revenue was up 7.2% at constant exchange rates with postpaid revenue growth of 7.9%. Fixed-line service revenue jumped 16.4% at constant exchange rates given the solid performance of corporate networks whose revenue shot-up 49.2%. Broadband and Pay TV revenue were up 13.3% and 11.4%, respectively.

EBITDA +10.7% at constant Fx

EBITDA came in at 203 million euros in the quarter. It increased 10.7% at constant exchange rates from the year before as a result of strong top line growth that more than compensated for increased energy costs and personnel expenses. The EBITDA margin stood at 32.0% of revenue, 60 basis points higher than in the last quarter of 2021.

INCOME STATEMENT - Other European Millions of Euros
4Q22 4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Total Revenue^(1)^ **** 633 **** 566 **** 12.0% **** 2,286 **** 2,102 **** 8.8%
Total Service Revenue 470 420 12.0% 1,778 1,616 10.0%
Wireless Revenue 467 429 8.9% 1,732 1,627 6.5%
Service Revenue 341 311 9.8% 1,315 1,210 8.7%
Equipment Revenue 126 118 6.7% 417 417 0.0%
Fixed Line Revenue 155 127 22.3% 511 440 16.1%
EBITDA **** 203 **** 178 **** 14.1% **** 849 **** 763 **** 11.3%
% total revenue 32.0% 31.4% 37.2% 36.3%
EBIT **** 90 **** 78 **** 15.5% **** 432 **** 366 **** 17.9%
% total revenue 14.2% 13.7% 18.9% 17.4%

For further detail please visit www.a1.group/en/investor-relations

^(1)^Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

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Other European Operating Data
4Q22 4Q21 Var.%
Wireless Subscribers(thousands) **** 14,924 **** 14,922 **** 0.0%
Postpaid 12,186 12,073 0.9%
Prepaid 2,739 2,849 -3.9%
ARPU (Euros) **** 7 **** 7 **** 7.6%
Churn (%) **** 2.1% **** 2.1% **** 0.0
Revenue Generating Units (RGUs)^(1)^ **** 3,258 **** 3,026 **** 7.7%

^(1)^Fixed Line, Broadband and Television.

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Exchange Rates Local Currency Units per MxP
4Q22 4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Euro
End of<br>Period 0.0526 0.0427 23.1% 0.0508 0.0427 19.1%
Average 0.0518 0.0421 23.0% 0.0524 0.0417 25.7%
U.S.
End of<br>Period 0.0498 0.0486 2.6% 0.0498 0.0486 2.6%
Average 0.0507 0.0482 5.3% 0.0497 0.0493 0.7%
Brazilean Real
End of<br>Period 0.2561 0.2711 -5.6% 0.2561 0.2711 -5.6%
Average 0.2666 0.2689 -0.9% 0.2565 0.2660 -3.6%
Argentinean Peso
End of<br>Period 6.6558 4.9904 33.4% 6.6558 4.9904 33.4%
Average 8.2286 4.8418 69.9% 6.4865 4.6886 38.3%
Colombian Peso
End of<br>Period 213.4863 193.4151 10.4% 213.4863 193.4151 10.4%
Average 243.9310 186.9190 30.5% 211.2658 184.5235 14.5%
Guatemalan Quetzal
End of<br>Period 0.3865 0.3750 3.1% 0.3865 0.3750 3.1%
Average 0.3982 0.3725 6.9% 0.3850 0.3815 0.9%
Peruvian Sol
End of<br>Period 0.1914 0.1942 -1.4% 0.1914 0.1942 -1.4%
Average 0.1979 0.1943 1.9% 0.1907 0.1916 -0.4%
Dominican Republic Peso
End of<br>Period 2.7476 2.8008 -1.9% 2.7476 2.8008 -1.9%
Average 2.7829 2.7422 1.5% 2.7426 2.8253 -2.9%
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Exchange Rates Local Currency Units per
4Q21 Var.% Jan-Dec 22 Jan-Dec 21 Var.%
Euro
End of<br>Period 1.0202 0.8636 18.1% 1.0202 0.8636 18.1%
Average 0.9927 0.8482 17.0% 0.9388 0.8359 12.3%
Mexican Peso
End of<br>Period 20.0688 20.5835 -2.5% 20.0688 20.5835 -2.5%
Average 19.7122 20.7511 -5.0% 20.1283 20.2769 -0.7%
Brazilean Real
End of<br>Period 5.1386 5.5805 -7.9% 5.1386 5.5805 -7.9%
Average 5.2546 5.5794 -5.8% 5.1625 5.3933 -4.3%
Argentinean Peso
End of<br>Period 133.5742 102.7200 30.0% 133.5742 102.7200 30.0%
Average 162.2034 100.4730 61.4% 130.5631 95.0701 37.3%
Colombian Peso
End of<br>Period 4,284.4033 3,981.1600 7.6% 4,284.4033 3,981.1600 7.6%
Average 4,808.4075 3,878.7751 24.0% 4,252.4255 3,741.5653 13.7%
Guatemalan Quetzal
End of<br>Period 7.7558 7.7191 0.5% 7.7558 7.7191 0.5%
Average 7.8491 7.7294 1.5% 7.7485 7.7358 0.2%
Peruvian Sol
End of<br>Period 3.8420 3.9980 -3.9% 3.8420 3.9980 -3.9%
Average 3.9017 4.0314 -3.2% 3.8390 3.8844 -1.2%
Dominican Republic Peso
End of<br>Period 55.1408 57.6500 -4.4% 55.1408 57.6500 -4.4%
Average 54.8567 56.9039 -3.6% 55.2039 57.2886 -3.6%

All values are in US Dollars.

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Appendix

Financial Debt of América Móvil(1)  Millions
Dec -21
Peso<br>- denominated debt (MxP) 97,134 **** **** 85,737 ****
Bonds(2) 53,554 51,657
Banks and<br>others 43,580 34,080
U.S. Dollar - denominated debt () 8,521 **** **** 8,466 ****
Bonds 8,496 7,751
Banks and<br>others 25 715
Euro<br>- denominated Debt () 7,045 **** **** 8,497 ****
Bonds 6,099 7,697
Commercial<br>Paper 125 0
Banks and<br>others 821 800
Sterling - denominated Debt () 2,200 **** **** 2,200 ****
Bonds 2,200 2,200
Reais - denominated Debt (BRL) 10,691 **** **** 5,500 ****
Bonds 9,050 5,500
Banks and<br>others 1,641 0
Debt<br>denominated in other currencies (MxP) 10,220 ^(3)^ **** 23,384 ^(4)^
Bonds 5,889 6,102
Banks and<br>others 4,331 17,282
Total Debt (MxP) 510,589 **** **** 564,030 ****
Cash, Marketable<br>Securities and Short Term Financial Investments (MxP)(5) 129,110 163,278
Net<br>Debt (MxP) 381,479 **** **** 400,752 ****

All values are in US Dollars.

^(1)^This table does not include the effect of forwards and derivatives used to hedge our foreign exchange exposure. It includes financial debt of Telekom Austria.

^(2)^Includes the effect of inflation-linked debt.

^(3)^Includes Peruvian soles.

^(4)^Includes Peruvian soles and Chilean pesos

^(5)^Includes fixed income securities with nominal tenor of more than one year.

Summary Cash FlowMillions of Mexican pesos
Jan-Dec 22 Jan-Dec 21
Funds from Operations **** 190,720 **** **** 285,661 ****
Capital Expenditures 159,798 170,336
Free Cash Flow^(1)^ **** 30,922 **** **** 115,324 ****
Dividends and Share Buybacks 50,234 61,947
Sale of Ownership Interest^(2)^ (35,097 ) (120,161 )
Net Debt Amortizations^(2)^ (6,973 ) 128,133
Amortization of Labor<br>Obligations 24,400 26,632
Other (1,642 ) 16,508

^(1)^There are approximately two billion pesos directed to the provisioning to the early retirement plans in Austria that has been substracted from the Free Cash Flow in 2021.

^(2)^Includes 47 billion pesos from the spin-off of Sitios Latinoamérica which is treated as a sale with the proceeds used to reduce debt.

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Glossary of Terms

ARPU Average Revenue per User. The ratio of service revenue in a given period to the average number of wireless subscribers in the same period.
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.
EBITDAaL Earnings Before Interest, Taxes, Depreciation, and Amortization. Adjusted after lease payments.
EBITDA margin The ratio of EBITDA to total operating revenue.
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.
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.
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Glossary of Terms

LTE Long-term evolution is a 4th generation standard for wireless communication of high-speed data for mobile phones and data terminals.
Market share A company’s subscribers base divided by the total number of subscribers in that country.
MBOU Megabytes of Use per subscriber. The ratio of wireless data 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 recharge a mobile phone. The client does not hold a contract with the company.
Postpaid Subscriber that has a contract for the use of voice and data.
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<br>equipment revenue.
Wireless penetration The ratio of total wireless subscribers in any given country divided by the total population in that country.
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AMERICA MOVIL, S.A.B. DE C.V. Consolidated
--- ---
Ticker:        AMX Quarter:    4    Year:<br>    2022

[210000] Statement of financial position,current/non-current

Concept Close Current<br><br><br>Quarter<br> <br>2022-12-31 Close Previous<br><br><br>Exercise<br> <br>2021-12-31
Statement of financial position [abstract]
Assets [abstract]
Current assets [abstract]
Cash and cash equivalents 33,700,949,000 38,679,891,000
Trade and other current receivables 154,764,228,000 160,271,044,000
Current tax assets, current 46,947,187,000 43,734,164,000
Other current financial assets 91,029,872,000 127,834,008,000
Current inventories 23,995,133,000 24,185,310,000
Current biological assets 0 0
Other current non-financial assets 10,565,422,000 9,452,252,000
Total current assets other than non-current assets<br>or disposal groups classified as held for sale or as held for distribution to owners 361,002,791,000 404,156,669,000
Non-current assets or disposal groups classified as<br>held for sale or as held for distribution to owners 0 0
Total current assets 361,002,791,000 404,156,669,000
Non-current assets[abstract]
Trade and other non-current receivables 8,724,497,000 6,928,888,000
Current tax assets, non-current 9,579,524,000 11,792,731,000
Non-current inventories 0 0
Non-current biological assets 0 0
Other non-current financial assets 6,981,149,000 6,894,757,000
Investments accounted for using equity method 0 0
Investments in subsidiaries, joint ventures and associates 23,975,462,000 3,052,481,000
Property, plant and equipment 657,226,210,000 731,196,679,000
Investment property 0 0
Right-of-use assets that do not meet definition<br>of investment property 121,874,096,000 90,372,393,000
Goodwill 141,121,365,000 136,578,194,000
Intangible assets other than goodwill 128,893,422,000 143,225,764,000
Deferred tax assets 128,717,811,000 127,287,934,000
Other non-current non-financial assets 30,002,098,000 28,163,359,000
Total non-current assets 1,257,095,634,000 1,285,493,180,000
Total assets 1,618,098,425,000 1,689,649,849,000
Equity and liabilities [abstract]
Liabilities [abstract]
Current liabilities [abstract]
Trade and other current payables 208,741,913,000 237,206,440,000
Current tax liabilities, current 63,061,711,000 59,525,325,000
Other current financial liabilities 127,354,843,000 155,257,180,000
Current lease liabilities 32,902,237,000 27,632,357,000
Other current non-financial liabilities 0 0
Current provisions [abstract]
Current provisions for employee benefits 17,342,822,000 16,858,343,000
Other current provisions 39,472,509,000 37,533,121,000
Total current provisions 56,815,331,000 54,391,464,000
Total current liabilities other than liabilities included in disposal groups classified as held for sale 488,876,035,000 534,012,766,000
Liabilities included in disposal groups classified as held for sale 0 0
Total current liabilities 488,876,035,000 534,012,766,000
Non-current liabilities[abstract]
Trade and other non-current payables 2,556,103,000 2,698,276,000
Current tax liabilities, non-current 0 0

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AMERICA MOVIL, S.A.B. DE C.V. Consolidated
Ticker:        AMX Quarter:    4    Year:<br>    2022
Concept Close Current<br><br><br>Quarter2022-12-31 Close Previous    Exercise<br><br><br>2021-12-31
--- --- --- --- ---
Other non-current financial liabilities 408,565,066,000 418,807,430,000
Non-current lease liabilities 101,246,574,000 71,021,868,000
Other non-current non-financial<br>liabilities 0 0
Non-current provisions[abstract]
Non-current provisions for employee benefits 137,923,317,000 142,850,465,000
Other non-current provisions 10,799,997,000 16,752,223,000
Total non-current provisions 148,723,314,000 159,602,688,000
Deferred tax liabilities 30,302,060,000 49,465,095,000
Total non-current liabilities 691,393,117,000 701,595,357,000
Total liabilities 1,180,269,152,000 1,235,608,123,000
Equity [abstract]
Issued capital 95,365,329,000 96,333,432,000
Share premium 0 0
Treasury shares 0 0
Retained earnings 505,483,717,000 447,690,426,000
Other reserves (227,044,342,000) (154,388,931,000)
Total equity attributable to owners of parent 373,804,704,000 389,634,927,000
Non-controlling interests 64,024,569,000 64,406,799,000
Total equity 437,829,273,000 454,041,726,000
Total equity and liabilities 1,618,098,425,000 1,689,649,849,000

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AMERICA MOVIL, S.A.B. DE C.V. Consolidated
Ticker:        AMX Quarter:    4    Year:<br>    2022

[310000] Statement of comprehensive income, profit or loss, by function of expense

Concept AccumulatedCurrentYear2022-01-01 - 2022-12-31 Accumulated<br><br><br>Previous Year<br><br><br>2021-01-01 - 2021-<br><br><br>12-31 Quarter CurrentYear2022-10-01 - 2022-12-31 Quarter PreviousYear2021-10-01 - 2021-12-31
Profit or loss [abstract]
Profit (loss) [abstract]
Revenue 844,501,397,000 830,687,452,000 215,962,074,000 221,356,734,000
Cost of sales 489,166,236,000 484,812,994,000 124,994,095,000 126,584,045,000
Gross profit 355,335,161,000 345,874,458,000 90,967,979,000 94,772,689,000
Distribution costs 119,364,093,000 115,016,249,000 29,467,163,000 29,591,765,000
Administrative expenses 60,089,937,000 58,563,496,000 14,964,203,000 16,001,963,000
Other income 0 0 0 0
Other expense 5,010,379,000 4,738,463,000 1,851,183,000 1,030,820,000
Profit (loss) from operating activities 170,870,752,000 167,556,250,000 44,685,430,000 48,148,141,000
Finance income 35,108,669,000 3,834,150,000 6,753,989,000 1,730,075,000
Finance costs 69,898,490,000 66,696,669,000 15,055,073,000 21,280,211,000
Share of profit (loss) of associates and joint ventures accounted for using equity<br>method (1,811,432,000) 113,918,000 (1,859,447,000) (4,756,000)
Profit (loss) before tax 134,269,499,000 104,807,649,000 34,524,899,000 28,593,249,000
Tax income (expense) 46,044,089,000 32,717,477,000 10,386,757,000 6,753,050,000
Profit (loss) from continuing operations 88,225,410,000 72,090,172,000 24,138,142,000 21,840,199,000
Profit (loss) from discontinued operations (6,719,015,000) 124,235,937,000 (9,390,641,000) 110,043,753,000
Profit (loss) 81,506,395,000 196,326,109,000 14,747,501,000 131,883,952,000
Profit (loss), attributable to [abstract]
Profit (loss), attributable to owners of parent 76,159,391,000 192,423,167,000 13,709,686,000 131,986,416,000
Profit (loss), attributable to non-controlling interests 5,347,004,000 3,902,942,000 1,037,815,000 (102,464,000)
Earnings per share [text block]
Earnings per share [abstract]
Earnings per share [line items]
Basic earnings per share [abstract]
Basic earnings (loss) per share from continuing operations 1.3 1.03 0.36 0.34
Basic earnings (loss) per share from discontinued operations (0.11) 1.88 (0.15) 1.67
Total basic earnings (loss) per share 1.19 2.91 0.21 2.01
Diluted earnings per share [abstract]
Diluted earnings (loss) per share from continuing operations 1.3 1.03 0.36 0.34
Diluted earnings (loss) per share from discontinued operations (0.11) 1.88 (0.15) 1.67
Total diluted earnings (loss) per share 1.19 2.91 0.21 2.01

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AMERICA MOVIL, S.A.B. DE C.V. Consolidated
Ticker:        AMX Quarter:    4    Year:<br>    2022

[410000] Statement of comprehensive income, OCI components presented net of tax

Concept Accumulated<br><br><br>Current Year2022-01-01 -<br> <br>2022-12-31 AccumulatedPrevious Year<br><br><br>2021-01-01 -2021-12-31 Quarter<br><br><br>Current Year<br><br><br>2022-10-01-<br><br><br>2022-12-31 Quarter<br><br><br>Previous Year<br><br><br>2021-10-01-<br><br><br>2021-12-31
Statement of comprehensive income [abstract]
Profit (loss) 81,506,395,000 196,326,109,000 14,747,501,000 131,883,952,000
Other comprehensive income[abstract]
Components of other comprehensive incomethat will not be reclassified to profit or loss, net of tax [abstract]
Other comprehensive income, net of tax, gains (losses) from investments in equity<br>instruments (4,707,276,000) 4,560,869,000 992,116,000 1,210,527,000
Other comprehensive income, net of tax, gains (losses) on revaluation 0 0 0 0
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit<br>plans (4,305,716,000) 11,261,896,000 (4,983,077,000) 11,261,896,000
Other comprehensive income, net of tax, change in fair value of financial liability<br>attributable to change in credit risk of liability 0 0 0 0
Other comprehensive income, net of tax, gains (losses) on hedging instruments that hedge<br>investments in equity instruments 0 0 0 0
Share of other comprehensive income of associates and joint ventures accounted for using<br>equity method that will not be reclassified to profit or loss, net of tax 0 0 0 0
Total other comprehensive income that will not be reclassified to profit or loss, net of<br>tax (9,012,992,000) 15,822,765,000 (3,990,961,000) 12,472,423,000
Components of other comprehensive incomethat will be reclassified to profit or loss, net of tax [abstract]
Exchange differences on translation[abstract]
Gains (losses) on exchange differences on translation, net of tax (29,921,441,000) (7,963,310,000) (956,009,000) 2,692,709,000
Reclassification adjustments on exchange differences on translation, net of tax 0 0 0 0
Other comprehensive income, net of tax, exchange differences on translation (29,921,441,000) (7,963,310,000) (956,009,000) 2,692,709,000
Available-for-sale financial assets [abstract]
Gains (losses) on remeasuring available-for-sale financial assets, net of tax 0 0 0 0
Reclassification adjustments on available-for-sale financial assets, net of tax 0 0 0 0
Other comprehensive income, net of tax, available-for-sale financial assets 0 0 0 0
Cash flow hedges[abstract]
Gains (losses) on cash flow hedges, net of tax 0 0 0 0
Reclassification adjustments on cash flow hedges, net of tax 0 0 0 0
Amounts removed from equity and included in carrying amount of non-financial asset (liability) whose acquisition or incurrence was hedged highly probable forecast transaction, net of tax 0 0 0 0
Other comprehensive income, net of tax, cash flow hedges 0 0 0 0
Hedges of net investment in foreignoperations [abstract]
Gains (losses) on hedges of net investments in foreign operations, net of tax 0 0 0 0
Reclassification adjustments on hedges of net investments in foreign operations, net of<br>tax 0 0 0 0
Other comprehensive income, net of tax, hedges of net investments in foreign<br>operations 0 0 0 0
Change in value of time value of options[abstract]
Gains (losses) on change in value of time value of options, net of tax 0 0 0 0
Reclassification adjustments on change in value of time value of options, net of tax 0 0 0 0
Other comprehensive income, net of tax, change in value of time value of options 0 0 0 0
Change in value of forward elements offorward contracts [abstract]
Gains (losses) on change in value of forward elements of forward contracts, net of tax 0 0 0 0
Reclassification adjustments on change in value of forward elements of forward contracts,<br>net of tax 0 0 0 0

32 of 87

AMERICA MOVIL, S.A.B. DE C.V. Consolidated
Ticker:        AMX Quarter:    4    Year:<br>    2022
Concept Accumulated<br><br><br>Current Year<br><br><br>2022-01-01-<br><br><br>2022-12-31 Accumulated<br><br><br>Previous Year2021-01-01-<br><br><br>2021-12-31 Quarter<br><br><br>Current Year<br><br><br>2022-10-01-<br><br><br>2022-12-31 Quarter<br><br><br>Previous Year<br><br><br>2021-10-01-<br><br><br>2021-12-31
--- --- --- --- --- --- --- --- ---
Other comprehensive income, net of tax, change in value of forward elements of forward<br>contracts 0 0 0 0
Change in value of foreign currency basisspreads [abstract]
Gains (losses) on change in value of foreign currency basis spreads, net of tax 0 0 0 0
Reclassification adjustments on change in value of foreign currency basis spreads, net of<br>tax 0 0 0 0
Other comprehensive income, net of tax, change in value of foreign currency basis<br>spreads 0 0 0 0
Financial assets measured at fair valuethrough other comprehensive income [abstract]
Gains (losses) on financial assets measured at fair value through other comprehensive<br>income, net of tax 0 0 0 0
Reclassification adjustments on financial assets measured at fair value through other<br>comprehensive income, net of tax 0 0 0 0
Amounts removed from equity and adjusted against fair value of financial assets on<br>reclassification out of fair value through other comprehensive income measurement category, net of tax 0 0 0 0
Other comprehensive income, net of tax, financial assets measured at fair value through<br>other comprehensive income 0 0 0 0
Share of other comprehensive income of associates and joint ventures accounted for using<br>equity method that will be reclassified to profit or loss, net of tax 0 0 0 0
Total other comprehensive income that will be reclassified to profit or loss, net of<br>tax (29,921,441,000) (7,963,310,000) (956,009,000) 2,692,709,000
Total other comprehensive income (38,934,433,000) 7,859,455,000 (4,946,970,000) 15,165,132,000
Total comprehensive income 42,571,962,000 204,185,564,000 9,800,531,000 147,049,084,000
Comprehensive income attributable to[abstract]
Comprehensive income, attributable to owners of parent 40,959,024,000 202,418,502,000 8,187,593,000 145,282,022,000
Comprehensive income, attributable to<br>non-controlling interests 1,612,938,000 1,767,062,000 1,612,938,000 1,767,062,000

33 of 87

AMERICA MOVIL, S.A.B. DE C.V. Consolidated
Ticker:        AMX Quarter:    4    Year:<br>    2022

[520000] Statement of cash flows, indirect method

Concept Accumulated Current<br><br><br>Year    2022-01-01 - 2022-12-31 Accumulated PreviousYear    2021-01-01 - 2021-12-31
Statement of cash flows [abstract]
Cash flows from (used in) operating activities [abstract]
Profit (loss) 81,506,395,000 196,326,109,000
Adjustments to reconcile profit (loss) [abstract]
+ Discontinued operations 2,966,101,000 (102,927,221,000)
+ Adjustments for income tax expense 46,044,089,000 32,717,477,000
+ (-) Adjustments for finance costs 21,961,073,000 46,459,657,000
+ Adjustments for depreciation and amortisation expense 158,633,786,000 156,302,992,000
+ Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss 0 0
+ Adjustments for provisions 19,616,965,000 21,819,096,000
+ (-) Adjustments for unrealised foreign exchange losses (gains) 0 0
+ Adjustments for share-based payments 0 0
+ (-) Adjustments for fair value losses (gains) 0 0
- Adjustments for undistributed profits of associates 0 0
+ (-) Adjustments for losses (gains) on disposal of non-current assets 935,644,000 (6,849,699,000)
1,811,432,000 (113,918,000)
+ (-) Adjustments for decrease (increase) in inventories (1,183,883,000) 6,083,461,000
+ (-) Adjustments for decrease (increase) in trade accounts receivable (8,641,243,000) 8,609,836,000
+ (-) Adjustments for decrease (increase) in other operating receivables (2,010,504,000) (9,945,036,000)
+ (-) Adjustments for increase (decrease) in trade accounts payable (8,675,802,000) 7,447,308,000
+ (-) Adjustments for increase (decrease) in other operating payables (25,589,692,000) (39,878,375,000)
+ Other adjustments for non-cash items 0 0
+ Other adjustments for which cash effects are investing or financing cash flow 0 0
+ Straight-line rent adjustment 0 0
+ Amortization of lease fees 0 0
+ Setting property values 0 0
+ (-) Other adjustments to reconcile profit (loss) 0 0
+ (-) Total adjustments to reconcile profit (loss) 205,867,966,000 119,725,578,000
Net cash flows from (used in) operations 287,374,361,000 316,051,687,000
- Dividends paid 0 0
0 0
- Interest paid 0 0
+ Interest received 2,652,195,000 2,665,854,000
+ (-) Income taxes refund (paid) 62,015,057,000 60,535,903,000
+ (-) Other inflows (outflows) of cash 0 0
Net cash flows from (used in) operating activities 228,011,499,000 258,181,638,000
Cash flows from (used in) investing activities[abstract]
+ Cash flows from losing control of subsidiaries or other businesses 5,791,488,000 75,518,886,000
- Cash flows used in obtaining control of subsidiaries or other businesses 16,395,359,000 0
+ Other cash receipts from sales of equity or debt instruments of other entities 0 0
- Other cash payments to acquire equity or debt instruments of other entities 1,043,954,000 0
+ Other cash receipts from sales of interests in joint ventures 6,329,000 199,158,000
- Other cash payments to acquire interests in joint ventures 0 0
+ Proceeds from sales of property, plant and equipment 1,210,580,000 7,215,177,000
- Purchase of property, plant and equipment 146,192,426,000 140,789,643,000
+ Proceeds from sales of intangible assets 0 0
- Purchase of intangible assets 11,661,530,000 12,202,142,000
+ Proceeds from sales of other long-term assets 0 0
- Purchase of other long-term assets 0 0

34 of 87

AMERICA MOVIL, S.A.B. DE C.V. Consolidated
Ticker:        AMX Quarter:    4    Year:<br>    2022
Concept Accumulated Current<br><br><br>Year    2022-01-01 - 2022-12-31 Accumulated PreviousYear    2021-01-01 - 2021-12-31
--- --- --- --- ---
+ Proceeds from government grants 0 0
- Cash advances and loans made to other parties 0 0
+ Cash receipts from repayment of advances and loans made to other parties 0 0
- Cash payments for futures contracts, forward contracts, option contracts and swap contracts 0 0
+ Cash receipts from futures contracts, forward contracts, option contracts and swap contracts 0 0
+ Dividends received 5,426,370,000 2,628,600,000
- Interest paid 0 0
+ Interest received 0 0
0 0
+ (-) Other inflows (outflows) of cash 54,515,883,000 (9,090,980,000)
Net cash flows from (used in) investing activities (108,342,619,000) (76,520,944,000)
Cash flows from (used in) financing activities[abstract]
+ Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control 0 0
- Payments from changes in ownership interests in subsidiaries that do not result in loss of control 39,596,000 7,720,000
+ Proceeds from issuing shares 0 0
+ Proceeds from issuing other equity instruments 0 0
- Payments to acquire or redeem entity’s shares 26,143,162,000 36,745,743,000
- Payments of other equity instruments 0 0
+ Proceeds from borrowings 188,414,369,000 93,675,127,000
- Repayments of borrowings 192,110,210,000 152,029,408,000
- Payments of finance lease liabilities 0 0
- Payments of lease liabilities 33,794,343,000 30,544,750,000
+ Proceeds from government grants 0 0
- Dividends paid 29,534,053,000 27,829,345,000
- Interest paid 26,882,181,000 23,884,410,000
+ (-) Income taxes refund (paid) 0 0
+ (-) Other inflows (outflows) of cash 0 0
Net cash flows from (used in) financing activities (120,089,176,000) (177,366,249,000)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (420,296,000) 4,294,445,000
Effect of exchange rate changes on cash and cash equivalents[abstract]
Effect of exchange rate changes on cash and cash equivalents (4,558,646,000) (1,532,461,000)
Net increase (decrease) in cash and cash equivalents (4,978,942,000) 2,761,984,000
Cash and cash equivalents at beginning of period 38,679,891,000 35,917,907,000
Cash and cash equivalents at end of period 33,700,949,000 38,679,891,000

35 of 87

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 16, 2023 AMÉRICA MÓVIL, S.A.B. DE C.V.
By: /s/ Carlos José García Moreno Elizondo
Name: Carlos José García Moreno Elizondo
Title: Chief Financial Officer