amxpr2q16_6k.htm - Generated by SEC Publisher for SEC Filing

SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549


FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
 
For the month of August, 2016

Commission File Number: 1-16269
 

AMÉRICA MÓVIL, S.A.B. DE C.V.
(Exact name of registrant as specified in its charter)
America Mobile
(Translation of Registrant´s name into English)
 
Lago Zurich 245
Plaza Carso / Edificio Telcel
Colonia Granada Ampliación 
11529 Mexico, D.F., Mexico
(Address of principal executive office)
 

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F. 
Form 20-F ___X___ Form 40-F _______

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
2016 financial and operating report

 

Mexico City, July 28, 2016 - 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 2016.

 

We ended June with 364.5 million access lines, 0.9% less than a year before, after net disconnections of 1.6 million prepaid subs in the quarter, most of them in Brazil. This figure includes 282.9 million wireless subscribers, 33.7 million landlines, 26.0 million broadband accesses and 22.0 million PayTV units.

 

On the mobile platform, the postpaid base was up 5.9% and the prepaid one was down 4.2%. On the fixed line platform, RGUs were up 3.6% year-on-year, driven by broadband accesses that rose 8.9%.

 

Second quarter revenues rose 6.1% from the year-earlier quarter to 233 billion pesos, with service revenues increasing 3.2%, reflecting the appreciation of several currencies vs. the Mexican peso.  At constant exchange rates, service revenues were down 2.1% year-on-year.

 

EBITDA of 61 billion pesos declined 10.7% in Mexican pesos terms relative to the prior year, 13.2% at constant exchange rates.

 

We obtained a net profit of 7.7 billion pesos in the second quarter, down 45.2% from the year before. It was equivalent to 0.12 pesos per share or 0.13 dollars per ADR.

 

Our net debt stood at 608 billion pesos. In dollar terms, our net debt declined by 1.7 billion dollars at nominal exchange rates and by 1.2 billion in flow terms.

 

Our cash flow from operations, the distributions obtained from our shareholdings–particularly those in KPN–and the unwinding of currency swaps allowed us to finance capital expenditures amounting to 57.2 billion pesos, share buybacks of 5.2 billion pesos and acquisitions of equity interests of 3.4 billion pesos. In addition, they allowed us to further reduce our net debt.

 

 

 

 

 


 
 
América Móvil’s Subsidiaries as of June 2016
Country  Brand  Business  Equity 
Participation
 
Mexico  Telcel  wireless  100.0% 
  Telmex  wireline  98.7% 
  Sección Amarilla (1)  other  98.4% 
  Telvista  other  89.4% 
Argentina  Claro  wireless  100.0% 
  Telmex  wireline  99.7% 
Brazil  Claro  wireless/wireline  97.6% 
Chile  Claro  wireless  100.0% 
  Telmex(1)  wireline  100.0% 
Colombia  Claro  wireless  99.4% 
  Telmex  wireline  99.3% 
Costa Rica  Claro  wireless  100.0% 
Dominicana  Claro  wireless/wireline  100.0% 
Ecuador  Claro  wireless  100.0% 
  Telmex(1)  wireline  98.4% 
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% 
Panama  Claro  wireless/wireline  100.0% 
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% 
USA  Tracfone  wireless  100.0% 
Netherlands  KPN  wireless/wireline  21.1% 
Austria  Telekom Austria  wireless/wireline  59.7% 
(1) Equity Participation of Telmex Internacional of which América Móvil owns 97.84%. All companies are consolidated under the global consolidation method with the exception of KPN that since May, 2015 is deemed to be available for sale. 

 

América Móvil Fundamentals (IFRS)
  2Q16  2Q15 
Earnings per Share (Mex$) (1)  0.12  0.21 
Earning per ADR (US$) (2)  0.13  0.27 
EBITDA per Share (Mex$)  0.93  1.02 
EBITDA per ADR (US$)  1.03  1.33 
Net Income (millions of Mex$)  7,700  14,048 
Average Shares Outstanding (billion)  65.69  67.11 

(1) Net Income / Average Shares outstanding

(2) 20 shares per ADR

 

 

Relevant Events
 

On May 9th, our Peruvian subsidiary entered into an agreement to acquire 100% of the capital stock of Olo del Perú and TVS Wireless S.A.C., both of them companies that provide telecommunication services throughout Peru and hold spectrum in the 2.5 GHz band.

 

On May 26th, our Peruvian subsidiary acquired in a public auction 30 MHz of spectrum in the 700MHz frequency. The cost of the spectrum was 306 million dollars.

 

On June 9th, our subsidiary Telmex was notified of a resolution issued by the Instituto Federal de Telecomunicaciones related to the internet service UnoTV, by which the IFT resolved that the access to UnoTV’s content through Telmex’s network did not breach the prohibition to distribute television signals under its concession title.

 


 
 

 

 

On July 28th, in line with our commitments under the Syndicate Agreement entered into with ÖBIB in representation of the Republic of Austria,  we sold to the market a part of our stake in Telekom Austria, bringing it down by 7.8% to 51.9%.

 

Access Lines

 

We ended June with 364.5 million access lines, 0.9% less than a year before, after mobile disconnections of 1.6 million prepaid subs, most of them in Brazil. Altogether we had 282.9 million wireless subscribers, 33.7 million landlines, 26.0 million broadband accesses and 22.0 million PayTV units.

 

 

Wireless Subscribers

 

Our wireless subscriber base ended June with 282.9 million clients, down 2.1% from a year before. Net disconnections topped one million subs, the majority of which took place in Brazil.

 

 

Wireless Subscribers as of June 2016
  Total(1) (Thousands)
Country  Jun’16  Mar’16  Var.%  Jun’15  Var.% 
Argentina, Paraguay and Uruguay  22,976  22,885  0.4%  21,661  6.1% 
Austria & CEE  20,482  20,530  -0.2%  20,005  2.4% 
Brazil  64,264  65,289  -1.6%  71,202  -9.7% 
Central America  15,773  15,584  1.2%  14,720  7.2% 
Caribbean  5,373  5,331  0.8%  5,193  3.5% 
Chile  6,476  6,465  0.2%  6,005  7.8% 
Colombia  28,260  28,340  -0.3%  29,370  -3.8% 
Ecuador  8,864  8,665  2.3%  9,923  -10.7% 
Mexico  73,108  73,495  -0.5%  72,633  0.7% 
Peru  11,954  12,070  -1.0%  12,370  -3.4% 
USA  25,321  25,211  0.4%  25,713  -1.5% 
Total Wireless Lines  282,851  283,865  -0.4%  288,796  -2.1% 
(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. 

 

Our postpaid segment continued delivering growth as it registered an annual increase of 5.9% after net additions of 559 thousand in the quarter, including 188 thousand in Mexico and 145 thousand in Colombia. Mexico’s subscriber postpaid base increased  10.4%, Ecuador’s 8.9%, Brazil’s 6.2% and Peru’s 5.0%.

 

We registered net disconnections on the prepaid platform of 1.6 million, taking our subscriber base down 4.2% to 218.5 million clients. Amongst the disconnections, 1.1 million came from Brazil and 575 thousand from Mexico.

 

Overall, the best performing operations in terms of subscriber growth were Chile and the Central American block, registering increases of 7.8% and 7.2%, respectively. In Argentina our client base was up 5.5% over the year and in the Caribbean 3.5%.

 

 


 
 

 

 

Fixed Revenue Generating Units

 

We had 81.7 million fixed-line RGUs at the end of June, 3.6% more than a year before. The growth was driven by broadband accesses that expanded 8.9% over the year. The number of landlines was somewhat higher than a year before, mostly as a result of the improvements in Colombia. As regards PayTV, at the end of June we were just shy of 22 million units.

 

In Brazil we had 36.8 million fixed accesses, 0.8% more than a year before, with broadband units rising 7.1%. In Mexico we ended the quarter with 21.7 million fixed RGUs including nearly nine million fixed-broadband connections, 3.6% more than a year before. Colombia and the Central American block were our fastest growing operations, with accesses increasing 8.5% and 8.8%, respectively over the year.

 

Fixed-Line and Other Accesses (RGUs) as of June 2016
  Total(1) (Thousands)
Country  Jun’16  Mar’16  Var.%  Jun’15  Var.% 
Argentina, Paraguay and Uruguay  588  586  0.4%  581  1.4% 
Austria & CEE  5,609  5,594  0.3%  4,509  24.4% 
Brazil  36,809  36,876  -0.2%  36,516  0.8% 
Central America  5,183  5,071  2.2%  4,763  8.8% 
Caribbean  2,601  2,553  1.9%  2,431  7.0% 
Chile  1,283  1,250  2.6%  1,229  4.4% 
Colombia  6,055  5,932  2.1%  5,583  8.5% 
Ecuador  354  354  0.0%  368  -3.8% 
Mexico  21,722  21,694  0.1%  21,606  0.5% 
Peru  1,475  1,434  2.8%  1,289  14.4% 
Total RGUs  81,679  81,345  0.4%  78,875  3.6% 
(1) Fixed Line, Broadband and Television (Cable & DTH).

 

 

América Móvil Consolidated Results

 

The second quarter saw a recovery of several currencies vis-a-vis the U.S. dollar as the likelihood of new interest rates increases by the Fed appeared to wane. Some indicators pointed towards a stabilization of the main financial and economic variables in China, which had previously been a matter of concern for the international capital markets.  In Latin America both the Brazilian real and the Colombian peso continued their come-back, but the Mexican peso weakened further.

 

Revenues rose 6.1% from the year-earlier quarter to 233 billion pesos, with service revenues increasing 3.2% as mobile revenues increased 5.5% and fixed-line revenues 7.4%. These increases reflect the appreciation of several currencies vs. the Mexican peso in the period, particularly the Brazilian real and the Colombian peso.  At constant exchange rates service revenues were down 2.1% year-on-year.

 

Substantially all our operations maintained their growth trends in local currency terms.  In Mexico, however, we saw a step down in revenues brought about mostly by more aggressive commercial plans in the pre-paid segment as a greater part of our subscribers moved towards unlimited call plans.

 

Our EBITDA amounted to 61 billion pesos, in what represented a 10.7% decline in Mexican pesos terms in relation to the prior year—13.2% at constant exchange rates—mostly on account of the above-mentioned revenue losses in Mexico, bringing about a 29.1% reduction in operating profits. These, in turn, brought about a 55% decrease in the provisions for income and deferred taxes in relation to the year-earlier quarter.

 


 
 

 

 

We obtained a net profit of 7.7 billion pesos in the second quarter, down 45.2% from the year before. It was equivalent to 0.12 pesos per share or 0.13 dollars per ADR.

 

Our net debt, 608 billion pesos, was up from 582 billion pesos in December because of exchange rate variations:  In dollar terms our gross debt actually came down by 1.9 billion dollars in the first six months at nominal exchange rates, and by 1.5 billion dollars at constant exchange rates, while our net debt declined by 1.7 billion dollars at nominal exchange rates and by 1.2 billion in flow terms.

 

 

América Móvil’s Income Statement (IFRS) Millions of Mexican pesos
  2Q16  2Q15  Var.%  Jan-Jun 16  Jan-Jun 15  Var.% 
Service Revenues  199,808  193,587  3.2%  394,111  387,264  1.8% 
Equipment Revenues  33,575  26,289  27.7%  62,257  52,607  18.3% 
Total Revenues  233,383  219,876  6.1%  456,368  439,871  3.8% 
Cost of Service  75,145  67,033  12.1%  147,590  134,704  9.6% 
Cost of Equipment  41,427  34,079  21.6%  77,484  68,199  13.6% 
Selling, General & Administrative Expenses  54,238  48,804  11.1%  105,405  97,072  8.6% 
Others  1,591  1,655  -3.9%  3,172  3,333  -4.8% 
Total Costs and Expenses  172,400  151,571  13.7%  333,651  303,308  10.0% 
EBITDA  60,983  68,305  -10.7%  122,717  136,563  -10.1% 
% of Total Revenues  26.1%  31.1%    26.9%  31.0%   
Depreciation & Amortization  35,224  31,988  10.1%  68,917  62,534  10.2% 
EBIT  25,758  36,316  -29.1%  53,801  74,030  -27.3% 
% of Total Revenues  11.0%  16.5%    11.8%  16.8%   
Net Interest Expense  7,241  5,699  27.0%  14,188  11,913  19.1% 
Other Financial Expenses  -6,396  -7,656  16.5%  5,516  -7,486  173.7% 
Foreign Exchange Loss  11,826  12,935  -8.6%  13,665  30,768  -55.6% 
Comprehensive Financing Cost (Income)  12,671  10,978  15.4%  33,369  35,194  -5.2% 
Income & Deferred Taxes  4,547  10,108  -55.0%  6,770  14,505  -53.3% 
 
Net Income before Minority             
Interest and Equity Participation in Results  8,540  15,230  -43.9%  13,661  24,330  -43.9% 
of Affiliates             
 
Equity Participation in Results of Affiliates*  33  -1,395  102.3%  70  -1,389  105.0% 
Minority Interest  -873  213  n.m.  -1,233  -666  -85.2% 
Net Income  7,700  14,048  -45.2%  12,499  22,276  -43.9% 
* Includes KPN
n.m. Not meaningful

 

Our cash flow from operations, the distributions obtained from our shareholdings–particularly those in KPN–and the unwinding of currency swaps allowed us to finance capital expenditures amounting to 57.2 billion pesos, share buybacks of 5.2 billion pesos and acquisitions of equity interests of 3.4 billion pesos. In addition they allowed us to further reduce our net debt.

 


 
 

 

 

 

Balance Sheet (in accordance with IFRS) - América Móvil Consolidated Millions of Mexican Pesos
  Jun '16  Dec '15  Var.%    Jun '16  Dec '15  Var.% 
Current Assets       

Current Liabilities 

     
Cash, Marketable               
Securities & Other Short  106,025  101,508  4.5% 

Short Term Debt* 

105,727  119,590  -11.6% 
Term Ivestments               
Accounts Receivable  194,884  196,123  -0.6% 

Accounts Payable 

288,899  249,632  15.7% 
Other Current Assets  26,285  18,124  45.0% 

Other Current
Liabilities 

56,556  56,313  0.4% 
Inventories  36,824  35,577  3.5%    451,183  425,535  6.0% 
  364,019  351,332  3.6%         
 
Non Current Assets       

Non Current Liabilities 

     
Plant & Equipment  646,936  573,529  12.8% 

Long Term Debt 

608,578  563,627  8.0% 
Investments in Affiliates  3,484  3,111  12.0% 

Other Liabilities 

161,178  146,470  10.0% 
          769,756  710,097  8.4% 
Deferred Assets               
Goodwill (Net)  146,445  137,114  6.8%         
Intangible Assets  118,834  101,750  16.8% 

Shareholder's Equity 

217,836  160,854  35.4% 
Deferred Assets  159,058  129,652  22.7%         
 
Total Assets  1,438,775  1,296,487  11.0% 

Total Liabilities 
and Equity 

1,438,775  1,296,487  11.0% 
 
*Includes current portion of Long Term Debt.

 

 

Financial Debt of América Móvil Millions of U.S. dollars equivalent     
  Jun-16  Dec-15 
Peso - denominated debt  4,078  5,022 
Bonds and other securities  3,929  4,869 
Banks and others  149  153 
U.S. Dollar - denominated debt  13,413  14,965 
Bonds and other securities  12,631  12,670 
Banks and others  782  2,295 
Debt denominated in other currencies  20,281  19,720 
Bonds and other securities  19,682  19,121 
Banks and others  598  599 
Total Debt*  37,771  39,707 

Cash, Marketable Securities and Short Term 
   Financial Investments 

5,606  5,899 
Net Debt**  32,165  33,808 
*Includes the full face value of our hybrid bonds.
**Does not include the net value of our derivatives position.

 

 

 

 

 


 
 

 

 

 

Mexico

 

Our wireless subscriber base ended June with 73.1 million clients, 0.7% more than a year before. We had net disconnections of 387 thousand in the second quarter, which resulted from cutting-off 575 thousand prepaid clients that were not generating traffic, while adding 188 thousand postpaid subs.  Our postpaid base rose 10.4% year-on-year to 11.6 million subscribers.

 

On the fixed-line platform we ended the quarter with 21.7 million RGUs including 12.8 million landlines and 8.9 million broadband connections. The growth of broadband accesses, 3.6%, more than compensated for voice-line disconnections, leading to a 0.5% increase in RGUs over the year. Our not being allowed yet to provide triple-play bundles has limited our capacity to expand in the fixed-line platform.

 

Service revenues declined 10.7% year-on-year to 49.4 billion pesos, mostly because of continued reductions in prepaid revenues as we moved a greater part of our subscribers over to the new unlimited plans that involve unlimited calling (and more data usage) for the duration of the cards. Prepaid cards come in different denominations and their life is a function of the given denomination.

 

Mobile service revenues were down 16.9% over the prior year, mainly on account of reduced prepaid revenues. On the fixed-line platform service revenues declined 1.5%.

 

In the prepaid segment, our customers are strongly increasing voice and data traffic per subscriber –up to six times more– and paying less than a year ago. This presents us with an important opportunity to significantly expand the services we provide our customers, leveraging the unmatched quality, coverage and capacity of our network.

 

Equipment revenues increased 23% reflecting both the depreciation of the currency and the fact that subsidies have been reduced.

 

The Mexican mobile market has become very competitive as other operators try to buy market share –even losing money in the process, after asymmetric subsidies– with plans that are substantially cheaper than the ones they offer in their home market. They have led the market in the direction of unlimited usage of some services at a low cost.

 

 

INCOME STATEMENT (IFRS) - Mexico Millions of MxP
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
Total Revenues  65,118  68,059  -4.3%  129,934  134,621  -3.5% 
Total Service Revenues  49,425  55,343  -10.7%  100,630  110,846  -9.2% 
Wireless Revenues  41,876  44,906  -6.7%  83,536  88,021  -5.1% 
Service Revenues  27,913  33,580  -16.9%  57,213  67,265  -14.9% 
Equipment Revenues  13,712  11,144  23.0%  25,330  20,589  23.0% 
Fixed Line and Other Revenues  25,115  24,721  1.6%  49,948  49,657  0.6% 
EBITDA  21,502  28,196  -23.7%  44,687  55,967  -20.2% 
% total revenues  33.0%  41.4%    34.4%  41.6%   
EBIT  14,842  21,722  -31.7%  31,576  43,065  -26.7% 
%  22.8%  31.9%    24.3%  32.0%   

*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.

 

 

 

 


 
 

 

Mexico Operating Data (IFRS)
  2Q16  2Q15  Var.% 
Wireless Subscribers (thousands)  73,108  72,633  0.7% 
Postpaid  11,619  10,522  10.4% 
Prepaid  61,489  62,111  -1.0% 
MOU  420  262  60.0% 
ARPU (MxP)  127  155  -17.7% 
Churn (%)  4.6%  3.7%  0.8 
Revenue Generating Units (RGUs) *  21,722  21,606  0.5% 
Fixed Lines  12,826  13,017  -1.5% 
Broadband  8,896  8,589  3.6% 
* Fixed Line and Broadband

 

 

 

Argentina, Paraguay and Uruguay

 

At the end of June we had nearly 23 million wireless subscribers in Argentina, Paraguay and Uruguay; 6.1% more than last year, having added 91 thousand new clients in the second quarter. We also had 588 thousand fixed RGUs.

 

Second quarter revenues totaled 9.4 billion Argentinean pesos, exceeding by 40.1% those of the prior year, with wireless service revenues rising 32.5% on the back of data revenues that jumped 53.2%. Data services now account for 56.5% of wireless service revenues. Albeit from a small base, fixed-line revenues climbed 56.7% to reach 667 million Argentinean pesos.

 

EBITDA of 3.1 billion Argentinean pesos was up 33.7% year-on-year, with the EBITDA margin declining slightly to 33.3%.

 

We formally launched our 4G-LTE services in Paraguay in the second quarter. This will strengthen our position in market, as we will improve the customer experience both in terms of quality and speed.

 

 

INCOME STATEMENT (IFRS) - Argentina, Paraguay & Uruguay Millions of ARP
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
Total Revenues  9,410  6,718  40.1%  18,497  13,464  37.4% 
Total Service Revenues  6,943  5,418  28.1%  14,271  10,524  35.6% 
Wireless Revenues  8,818  6,330  39.3%  17,352  12,683  36.8% 
Service Revenues  6,667  5,033  32.5%  13,115  9,747  34.6% 
Equipment Revenues  2,145  1,298  65.3%  4,226  2,935  44.0% 
Fixed Line and Other Revenues  667  426  56.7%  1,277  854  49.5% 
EBITDA  3,131  2,342  33.7%  6,396  4,611  38.7% 
% total revenues  33.3%  34.9%    34.6%  34.2%   
EBIT  2,399  1,866  28.5%  4,983  3,696  34.8% 
%  25.5%  27.8%    26.9%  27.5%   

*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. 

 

 

 

 


 
 

 

 

Argentina, Paraguay & Uruguay Operating Data (IFRS)
  2Q16  2Q15  Var.% 
Wireless Subscribers (thousands)  22,976  21,661  6.1% 
Postpaid  2,504  2,716  -7.8% 
Prepaid  20,472  18,946  8.1% 
MOU  98  124  -21.3% 
ARPU (ARP)  98  77  27.3% 
Churn (%)  2.2%  2.7%  (0.5) 
Revenue Generating Units (RGUs) *  588  581  1.4% 
 
* Fixed Line, Broadband and PayTV.

 

 

 

Brazil

 

We ended the second quarter with just over 101 million accesses in Brazil, including 64.3 million wireless subscribers and, on the fixed-line platform, 36.8 million RGUs, slightly more than in 2015.

 

In the postpaid segment we registered a 6.2% expansion of the base year-on-year after net additions of 82 thousand subs in the quarter.  In the prepaid segment we continued to disconnect clients that were not generating traffic, with 1.1 million net disconnections in the quarter. On the fixed-line platform broadband connections expanded 7.1% over the year.

 

Second quarter revenues of 9.1 billion reais remained practically unchanged as compared to the year-earlier quarter.  On the fixed division, we saw improvements in all revenue lines, 9.6% on broadband, 4.4% on PayTV and 1.6% in fixed voice. On the mobile platform the decline of voice revenues—part of it coming from the reduction of interconnection rates—is diminishing, but mobile data services fell on account of new promotions.

 

The period’s EBITDA of 2.4 billion reais was 4.5% lower than a year before, with the EBITDA margin coming down 1.2 percentage points to 26.2% mainly as a result of increases in maintenance costs, some of them dollar-linked, and past due accounts that have risen on the back of the economic recession afflicting the country. Energy costs have also gone up considerably, almost 45% over the year.

 

We are ready to welcome all the athletes and visitors to the Rio Olympic games. We executed an important project to be the official telecom service provider for the games and all the venues are now connected to Embratel’s backbone, which has been enhanced in Rio and surrounding areas to provide very high quality services.

 


 
 

 

 

INCOME STATEMENT (IFRS) - Brazil Millions of BrL
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
Total Revenues  9,084  9,095  -0.1%  18,038  18,108  -0.4% 
Total Service Revenues  8,751  8,764  -0.2%  17,453  17,443  0.1% 
Wireless Revenues  2,946  3,274  -10.0%  5,952  6,541  -9.0% 
Service Revenues  2,616  2,949  -11.3%  5,372  5,893  -8.8% 
Equipment Revenues  332  325  1.9%  581  647  -10.1% 
Fixed Line and Other Revenues  6,137  5,821  5.4%  12,086  11,568  4.5% 
EBITDA  2,379  2,493  -4.5%  4,736  4,821  -1.8% 
% total revenues  26.2%  27.4%    26.3%  26.6%   
EBIT  194  515  -62.3%  340  901  -62.2% 
%  2.1%  5.7%    1.9%  5.0%   

*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. 

 

 

Brazil Operating Data (IFRS)       
  2Q16  2Q15  Var.% 
Wireless Subscribers (thousands)  64,264  71,202  -9.7% 
Postpaid  16,952  15,956  6.2% 
Prepaid  47,313  55,246  -14.4% 
MOU  103  100  3.2% 
ARPU (BrL)  13  14  -1.9% 
Churn (%)  3.7%  3.4%  0.3 
Revenue Generating Units (RGUs) *  36,809  36,516  0.8% 
* Fixed Line, Broadband and Television       

 

Chile

 

Our wireless subscriber base ended June with 6.5 million clients, 7.8% more than a year before. Fixed RGUs increased 4.4% relative to 2015, for the most part on account of a 14.5% expansion of broadband accesses.

 

The quarter’s revenues, 186 billion Chilean pesos, were down 3.8% year-on-year. The decline in revenues is linked to a 44.1% drop in equipment revenues, since service revenues actually rose 4.3% over the period, with wireless data revenues rising 10.1%. Fixed-line service revenues, that already account for almost 40% of revenues, expanded 4.4% in the period.

 

EBITDA came in at 13.9 billion Chilean pesos, 35.6% more than in the year-earlier quarter. The EBITDA margin was 7.5% in the second quarter, 2.2 points higher than a year before. 

 


 
 

 

INCOME STATEMENT (IFRS) - Chile Millions of ChPL
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
Total Revenues  185,718  192,993  -3.8%  366,424  370,380  -1.1% 
Total Service Revenues  167,702  160,762  4.3%  333,724  319,220  4.5% 
Wireless Revenues  121,934  131,056  -7.0%  240,152  247,970  -3.2% 
Service Revenues  104,005  98,945  5.1%  206,865  197,069  5.0% 
Equipment Revenues  18,016  32,232  -44.1%  32,700  51,160  -36.1% 
Fixed Line and Other Revenues  69,355  67,057  3.4%  137,403  132,504  3.7% 
EBITDA  13,854  10,217  35.6%  27,127  21,108  28.5% 
% total revenues  7.5%  5.3%    7.4%  5.7%   
EBIT  -38,909  -41,723  6.7%  -78,414  -81,049  3.3% 
%  -21.0%  -21.6%    -21.4%  -21.9%   

*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)       
  2Q16  2Q15  Var.% 
Wireless Subscribers (thousands)  6,476  6,005  7.8% 
Postpaid  1,482  1,428  3.8% 
Prepaid  4,993  4,577  9.1% 
MOU  142  159  -10.2% 
ARPU (ChP)  5,452  5,626  -3.1% 
Churn (%)  5.5%  5.4%  0.1 
Revenue Generating Units (RGUs) *  1,283  1,229  4.4% 
* Fixed Line, Broadband and Television

 

Colombia

 

We gained 145 thousand postpaid clients in the second quarter—the highest number in at least ten quarters—and disconnected 225 thousand prepaid subscribers to close the quarter with 28.3 million clients. Our postpaid base, 6.1 million at the end of June, rose 4.7% from the year-earlier quarter. On the fixed-line front, RGUs were up 8.5% over the year to 6.1 million accesses, with voice lines and broadband accesses exhibiting double digit growth rates.

 

Second quarter revenues of 2.7 trillion Colombian pesos were down 3.9% year-on-year, with service revenues falling 4.3% and equipment revenues declining 2.0%. Fixed-line revenues increased 13% in the period—they now represent 34.8% of our service revenues in the country—on the back of triple play bundles.  Wireless service revenues on their part were down 10.5%, as voice prices continued to fall. Wireless data revenues were up 17.2% and already account for nearly half of our wireless service revenues

 

EBITDA of 957 billion Colombian pesos was 11.4% lower than in 2015 following the revenue contraction. The EBITDA margin for the quarter was 35.6%, three points below that of the prior year.  

 

 


 
 

 

INCOME STATEMENT (IFRS) - Colombia Billions of COP
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
Total Revenues  2,689  2,797  -3.9%  5,400  5,651  -4.4% 
Total Service Revenues  2,137  2,233  -4.3%  4,352  4,585  -5.1% 
Wireless Revenues  1,973  2,153  -8.4%  3,988  4,381  -9.0% 
Service Revenues  1,411  1,577  -10.5%  2,913  3,286  -11.3% 
Equipment Revenues  545  564  -3.4%  1,033  1,066  -3.1% 
Fixed Line and Other Revenues  744  658  13.0%  1,460  1,297  12.5% 
EBITDA  957  1,080  -11.4%  1,936  2,202  -12.1% 
% total revenues  35.6%  38.6%    35.9%  39.0%   
EBIT  519  688  -24.5%  1,065  1,433  -25.7% 
%  19.3%  24.6%    19.7%  25.4%   

*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)       
  2Q16  2Q15  Var.% 
Wireless Subscribers* (thousands)  28,260  29,370  -3.8% 
Postpaid  6,083  5,811  4.7% 
Prepaid  22,177  23,559  -5.9% 
MOU  209  209  0.0% 
ARPU (COP)  16,557  17,682  -6.4% 
Churn (%)  4.4%  4.3%  0.1 
Revenue Generating Units (RGUs)**  6,055  5,583  8.5% 
*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). 
** Fixed Line, Broadband and Television

 

 

Ecuador

 

At the end of June we had 8.9 million wireless subscribers in Ecuador, having added 199 thousand subscribers in the quarter. 

 

Our second quarter revenues totaled 364 million dollars. Service revenues declined 11.9% year on year, partly as a result of new commercial promotions but also on account of a new 15% tax levied on telecommunication services that took effect beginning May 1st, as well as an increase in VAT from 12% to 14%, that have increased the cost of telecom services to our clients and has thereby reduced their consumption.

 

EBITDA came in at 152 million dollars and was down 12.4% from the prior year, with the EBITDA representing 41.6% of revenues.  We made some extraordinary payments of 16 million dollars in the second quarter, all of them tax-related, in absence of which we would have had an expansion of the EBITDA margin.

 

 

 


 
 

 

INCOME STATEMENT (IFRS) - Ecuador Millions of Dollars
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
Total Revenues  364  406  -10.2%  729  816  -10.6% 
Total Service Revenues  312  354  -11.9%  631  717  -12.0% 
Wireless Revenues  352  393  -10.5%  704  789  -10.8% 
Service Revenues  300  342  -12.3%  606  692  -12.4% 
Equipment Revenues  52  51  1.4%  98  98  -0.2% 
Fixed Line and Other Revenues  16  16  -2.6%  31  32  -4.0% 
EBITDA  152  173  -12.4%  304  349  -12.8% 
% total revenues  41.6%  42.6%    41.7%  42.7%   
EBIT  100  121  -17.7%  200  247  -18.9% 
%  27.4%  29.9%    27.4%  30.3%   

*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)       
  2Q16  2Q15  Var.% 
Wireless Subscribers (thousands)  8,864  9,923  -10.7% 
Postpaid  2,650  2,433  8.9% 
Prepaid  6,214  7,490  -17.0% 
MOU  213  184  15.6% 
ARPU (US$)  11  11  2.2% 
Churn (%)  3.2%  5.5%  (2.3) 
Revenue Generating Units (RGUs) *  354  368  -3.8% 
* Fixed Line, Broadband and Television       

 

 

Peru

 

We added 23 thousand postpaid subscribers and disconnected 139 thousand prepaid clients to finish the second quarter with nearly 12 million subscribers, 3.4% below the prior year. On the fixed platform we had 1.5 million RGUs, up 14.4% year-on-year.

 

Our second quarter revenues, 1.3 billion soles, were down 2.0% year on year with service revenues declining 2.6% in the period as voice revenues continued their trend downwards.  Wireless data revenues were up 7.4% but failed to compensate for the reduction in voice revenues. On the fixed-line segment, we saw service revenues increase 9.8%, from a small base, driven by broadband and PayTV, whose revenues climbed 12.1% and 14.6%, respectively.

 

EBITDA dropped 36.2% to 210 million soles, or 16.5% of revenues. The contraction of EBITDA stems from an 80% increase in net interconnection costs, as well as higher subscriber acquisition and retention costs.

 

In May we acquired in a public auction 30 MHz of spectrum in the 700MHz frequency. The cost of the spectrum was 306 million dollars. Our spectrum holdings will increase with the acquisition of Olo Peru, in the process of being approved by the relevant authorities.  This will enable us to improve our 4G-LTE offerings in terms of the overall experience of our subscribers including more competitive prices.

 

 


 
 

 

INCOME STATEMENT (IFRS) - Peru Millions of Soles
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
Total Revenues  1,270  1,296  -2.0%  2,542  2,654  -4.2% 
Total Service Revenues  1,106  1,136  -2.6%  2,233  2,333  -4.3% 
Wireless Revenues  1,059  1,102  -3.8%  2,123  2,270  -6.5% 
Service Revenues  882  935  -5.7%  1,794  1,940  -7.5% 
Equipment Revenues  163  158  3.2%  306  316  -3.4% 
Fixed Line and Other Revenues  211  194  8.7%  420  384  9.3% 
EBITDA  210  329  -36.2%  465  728  -36.1% 
% total revenues  16.5%  25.4%    18.3%  27.4%   
EBIT  38  175  -78.4%  128  424  -69.7% 
%  3.0%  13.5%    5.0%  16.0%   

*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. 

 

Peru Operating Data (IFRS)
  2Q16  2Q15  Var.% 
Wireless Subscribers (thousands)  11,954  12,370  -3.4% 
Postpaid  4,130  3,935  5.0% 
Prepaid  7,824  8,435  -7.2% 
MOU  166  153  8.7% 
ARPU (Sol)  24  25  -3.0% 
Churn (%)  5.6%  4.7%  0.9 
Revenue Generating Units (RGUs) *  1,475  1,289  14.4% 
* Fixed Line, Broadband and Television

 

Central America

 

Our operations in Central America finished June with 15.8 million wireless subscribers, 7.2% more than a year before, with our postpaid base growing almost twice as much as the prepaid one. We added 189 thousand new wireless subscribers in the quarter, primarily from Guatemala and Nicaragua. Fixed RGUs expanded 8.8% compared to a year before and reached 5.2 million. Broadband accesses jumped 18.1% year-on-year, while PayTV units were up 5.7%.

 

Revenues totaled 564 million dollars and were 5.0% higher than a year before. Service revenues rose 5.1% on the back of data that expanded 15.4% on the mobile platform and 12.7% on the fixed one. PayTV revenues exceeded by 8.3% those of 2015. Voice revenues declined on all platforms, 1.1% on mobile and 7.2% on the fixed.

 

EBITDA for the quarter came in at 195 million dollars, 7.0% above the precedent year, and was equivalent to 34.6% of revenues.

 


 
 

 

INCOME STATEMENT (IFRS) - Central America Millions of Dollars
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
Total Revenues  564  537  5.0%  1,115  1,062  4.9% 
Total Service Revenues  524  503  4.2%  1,042  999  4.3% 
Wireless Revenues  382  358  6.7%  756  704  7.3% 
Service Revenues  341  324  5.4%  681  640  6.4% 
Equipment Revenues  39  33  16.6%  72  63  14.4% 
Fixed Line and Other Revenues  186  182  2.2%  367  363  0.9% 
EBITDA  195  182  7.0%  386  357  8.3% 
% total revenues  34.6%  34.0%    34.7%  33.6%   
EBIT  59  29  105.5%  115  60  91.6% 
%  10.5%  5.4%    10.3%  5.6%   

*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 Operating Data (IFRS)
  2Q16  2Q15  Var.% 
Wireless Subscribers (thousands)  15,773  14,720  7.2% 
Postpaid  2,305  2,064  11.7% 
Prepaid  13,468  12,657  6.4% 
MOU  167  192  -13.3% 
ARPU (US$)  7  8  -2.8% 
Churn (%)  6.1%  5.6%  0.5 
Revenue Generating Units (RGUs) *  5,183  4,763  8.8% 
* Fixed Line, Broadband and Television

 

Caribbean

 

Our operations in the islands ended the quarter with 5.4 million wireless subscribers, up 3.5% with the postpaid base rising 8.6%. On the fixed division, we registered an increase of 7.0% in the total number of RGUs with PayTV units growing 18.5% and broadband accesses 9.6%.

 

The quarter’s revenues were up 6.8% mostly on account of higher equipment revenues. Service revenues declined slightly, 1.6%, as voice revenues continued to go down on both the mobile and fixed-line platforms.

 

EBITDA of 157 million dollars was 2.5% lower than a year before. The EBITDA margin stood at 31.6% of revenues.

 

 

 


 
 

 

INCOME STATEMENT (IFRS) - Caribbean Millions of Dollars
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
Total Revenues  498  466  6.8%  966  938  3.0% 
Total Service Revenues  432  444  -2.8%  865  893  -3.2% 
Wireless Revenues  285  254  12.2%  542  514  5.3% 
Service Revenues  224  237  -5.2%  450  480  -6.2% 
Equipment Revenues  62  18  238.1%  93  36  160.6% 
Fixed Line and Other Revenues  213  212  0.3%  425  423  0.3% 
EBITDA  157  162  -2.5%  290  303  -4.4% 
% total revenues  31.6%  34.6%    30.0%  32.3%   
EBIT  88  79  11.0%  140  135  3.3% 
%  17.6%  16.9%    14.5%  14.4%   

*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. 

 

 

Caribbean Operating Data (IFRS)
  2Q16  2Q15  Var.% 
Wireless Subscribers (thousands)  5,373  5,193  3.5% 
Postpaid  1,738  1,600  8.6% 
Prepaid  3,634  3,593  1.2% 
MOU  282  303  -6.7% 
ARPU (US$)  14  15  -8.6% 
Churn (%)  3.7%  3.3%  0.4 
Revenue Generating Units (RGUs) *  2,601  2,431  7.0% 
* Fixed Line, Broadband and Television

 

 

United States

 

In the second quarter we added 110 thousand new clients in the U.S.—with June being the strongest month in the past two years—to finish the quarter with 25.3 million subscribers.

 

The quarter’s revenues stood at 1.8 billion dollars and were 5.0% greater than those of a year before, with equipment revenues rising 95.1% and service revenues declining 1.1%. The surge in subscriber growth had a significant impact on EBITDA, which at 77 million dollars was down 61% on subscriber acquisition costs.

 


 
 

 

INCOME STATEMENT (IFRS) - United States Millions of Dollars
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
Total Revenues  1,775  1,691  5.0%  3,530  3,506  0.7% 
Service Revenues  1,563  1,581  -1.1%  3,129  3,154  -0.8% 
Equipment Revenues  212  109  95.1%  402  352  14.2% 
EBITDA  77  197  -61.0%  239  411  -41.9% 
% total revenues  4.3%  11.7%    6.8%  11.7%   
EBIT  66  185  -64.6%  216  388  -44.3% 
%  3.7%  11.0%    6.1%  11.1%   

 

 

United States Operating Data (IFRS)
  2Q16  2Q15  Var.% 
Wireless Subscribers (thousands)  25,321  25,713  -1.5% 
MOU  496  522  -4.9% 
ARPU (US$)  21  21  0.9% 
Churn (%)  4.3%  4.0%  0.2 

 

 

Telekom Austria Group

 

Altogether, our operations in Europe ended June with 20.5 million wireless subscribers, 2.4% higher than in 2015 reflecting the acquisitions in Eastern Europe, in absence of which our subscriber base would have been down 0.4%. Our postpaid base was up 4.2% relative to last year’s—2.1% organically—after net additions of 37 thousand in the quarter, most of which came from Austria. We also had 5.6 million fixed RGUs, 24.1% more than in the prior year, 2.7% adjusting for acquisitions.

 

Total revenues topped one billion euros in the second quarter, reflecting a slight decline of 0.2% year-on-year in a proforma basis. Total reported revenues in Austria rose by 0.4% on the back of higher equipment revenues and other operating income which compensated for the losses in service revenues that derive from the elimination of roaming, beginning April 30th. In Eastern Europe, we saw pressure in revenues stemming from Belarus (mostly FX linked), Macedonia and Slovenia.

 

The group’s EBITDA rose 0.7% to reach 329 million euros in the second quarter due to cost controls and important reductions in restructuring expenses. The EBITDA margin for the period stood at 31.9% of revenues.

 

 

 


 
 

 

INCOME STATEMENT (IFRS) - Telekom Austria Group- Pro-forma Millions of Euros
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
Total Revenues  1,031  1,032  -0.2%  2,040  2,065  -1.2% 
Total Service Revenues  929  951  -2.3%  1,843  1,905  -3.2% 
Wireless Revenues  647  649  -0.3%  1,276  1,298  -1.7% 
Service Revenues  532  558  -4.7%  1,052  1,090  -3.5% 
Equipment Revenues  94  75  25.4%  184  149  23.3% 
Fixed Line and Other Revenues  384  384  0.0%  764  767  -0.3% 
EBITDA  329  327  0.7%  664  670  -0.9% 
% total revenues  31.9%  31.7%    32.5%  32.4%   
EBIT  114  118  -2.9%  232  257  -9.7% 
%  11.1%  11.4%    11.4%  12.4%   

*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. 

 

 

Telekom Austria Group Operating Data (IFRS) Pro-forma (1)       
  2Q16  2Q15  Var.% 
Wireless Subscribers (thousands)  20,482  20,573  -0.4% 
Postpaid  14,845  14,539  2.1% 
Prepaid  5,637  6,034  -6.6% 
MOU  309  306  0.9% 
ARPU (Euros)  9  9  -4.6% 
Churn (%)  1.8%  1.9%  (0.1) 
Revenue Generating Units (RGUs) *  5,609  5,462  2.7% 
(1) 2015 figures adjusted for acquisitions in Bulgaria, Croacia and Macedonia. * Fixed Line, Broadband and Television.

 

 

We will host our conference call to discuss 2Q16 financial and operating results on August 2nd at 9:00am Mexico City time. To access the call please log on to www.americamovil.com/investors.

 

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  The ratio of EBIT to total operating revenue. 
margin  
 
EBITDA   Earnings Before Interest, Taxes, Depreciation, and Amortization. 
 
EBITDA  The ratio of EBITDA to total operating revenue. 
margin  

 

 

 


 
 

 

EPS  Earnings per share. Total earnings in Mexican pesos divided by total shares. 
(Mexican 
pesos)  
 
Earnings  Total earnings in U.S. dollars divided by total ADRs equivalent. 
per ADR 
(US$)  
 
Equity  Subscribers weighted by the economic interest held in each company. 
subscribers  
 
Gross  Total number of subscribers acquired during the period. 
additions  
 
Licensed  Licensed population. Population covered by the licenses that each of the companies manage. 
pops  
 
LTE   Long-term evolution is a 4th generation standard for wireless communication of high-speed data for mobile phones and data terminals.
 
Market  A company’s subscriber base divided by the total number of subscribers in that country. 
share  
 
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  The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections. 
subscriber 
additions  
 
Net debt   Total short and long term debt minus cash and marketable securities. 
 
Net debt  The ratio of total short and long term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization. 
/ EBITDA  
 
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. 
 
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  The ratio of total wireless subscribers in any given country divided by the total population in that country. 
penetration  

 

 


 
 

 

 

Exchange Rates Local Currency Units per USD
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
Mexico             
EoP  18.91  15.57  21.5%  18.91  15.57  21.5% 
Average  18.04  15.31  17.8%  18.04  15.12  19.3% 
Brazil             
EoP  3.21  3.10  3.5%  3.21  3.10  3.5% 
Average  3.51  3.07  14.3%  3.71  2.97  24.8% 
Argentina             
EoP  15.04  9.09  65.5%  15.04  9.09  65.5% 
Average  14.22  8.95  58.8%  14.33  8.82  62.5% 
Chile             
EoP  661  639  3.5%  661  639  3.5% 
Average  677  618  9.6%  689  621  11.0% 
Colombia             
EoP  2,916  2,585  12.8%  2,916  2,585  12.8% 
Average  2,994  2,500  19.7%  3,124  2,483  25.8% 
Guatemala             
EoP  7.64  7.62  0.2%  7.64  7.62  0.2% 
Average  7.68  7.68  0.0%  7.68  7.66  0.3% 
Honduras             
EoP  22.95  22.06  4.0%  22.95  22.06  4.0% 
Average  22.80  22.09  3.3%  22.76  21.99  3.5% 
Nicaragua             
EoP  28.61  27.25  5.0%  28.61  27.25  5.0% 
Average  28.44  27.08  5.0%  28.27  26.92  5.0% 
Costa Rica             
EoP  554  541  2.4%  554  541  2.4% 
Average  545  540  1.0%  544  541  0.6% 
Peru             
EoP  3.29  3.18  3.6%  3.29  3.18  3.6% 
Average  3.32  3.14  5.6%  3.39  3.10  9.2% 
Paraguay             
EoP  5,589  5,184  7.8%  5,589  5,184  7.8% 
Average  5,614  5,051  11.1%  5,705  4,902  16.4% 
Uruguay             
EoP  30.62  27.07  13.1%  30.62  27.07  13.1% 
Average  31.27  26.59  17.6%  31.41  25.69  22.3% 
Dominican Republic             
EoP  45.97  44.98  2.2%  45.97  44.98  2.2% 
Average  45.90  44.88  2.3%  45.82  44.83  2.2% 
Austria & CEE             
EoP  0.90  0.90  0.4%  0.90  0.90  0.4% 
Average  0.89  0.90  -2.0%  0.90  0.90  0.0% 

 

 

 

 


 
 

 

 

Exchange Rates Local Currency Units per MxP
  2Q16  2Q15  Var.%  Jan - Jun 16  Jan - Jun 15  Var.% 
USA             
EoP  0.05  0.06  -17.7%  0.05  0.06  -17.7% 
Average  0.06  0.07  -15.1%  0.06  0.07  -16.2% 
Brazil             
EoP  0.17  0.20  -14.8%  0.17  0.20  -14.8% 
Average  0.19  0.20  -3.0%  0.21  0.20  4.6% 
Argentina             
EoP  0.80  0.58  36.2%  0.80  0.58  36.2% 
Average  0.79  0.58  34.8%  0.79  0.58  36.2% 
Chile             
EoP  35.0  41.0  -14.8%  35.0  41.0  -14.8% 
Average  37.5  40.4  -7.0%  38.2  41.1  -7.0% 
Colombia             
EoP  154  166  -7.1%  154  166  -7.1% 
Average  166  163  1.6%  173  164  5.5% 
Guatemala             
EoP  0.40  0.49  -17.5%  0.40  0.49  -17.5% 
Average  0.43  0.50  -15.1%  0.43  0.51  -16.0% 
Honduras             
EoP  1.21  1.42  -14.4%  1.21  1.42  -14.4% 
Average  1.26  1.44  -12.4%  1.26  1.45  -13.2% 
Nicaragua             
EoP  1.51  1.75  -13.6%  1.51  1.75  -13.6% 
Average  1.58  1.77  -10.9%  1.57  1.78  -12.0% 
Costa Rica             
EoP  29.3  34.7  -15.7%  29.3  34.7  -15.7% 
Average  30.2  35.2  -14.2%  30.1  35.8  -15.7% 
Peru             
EoP  0.17  0.20  -14.8%  0.17  0.20  -14.8% 
Average  0.18  0.21  -10.3%  0.19  0.21  -8.5% 
Paraguay             
EoP  323  333  -11.2%  296  333  -11.2% 
Average  321  330  -5.7%  316  324  -2.5% 
Uruguay             
EoP  1.62  1.74  -6.9%  1.62  1.74  -6.9% 
Average  1.73  1.74  -0.2%  1.74  1.70  2.5% 
Dominican Republic             
EoP  2.43  2.89  -15.9%  2.43  2.89  -15.9% 
Average  2.54  2.93  -13.2%  2.54  2.96  -14.3% 

 

For further information please visit our website at: www.americamovil.com

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.

 

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: August 1, 2016
 
 
AMÉRICA MÓVIL, S.A.B. DE C.V.
By: 
/S/ Carlos José García Moreno Elizondo
  Name:
Title:
Carlos José García Moreno Elizondo
Attorney-in-fact