6-K 1 d812157d6k.htm 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF A FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of 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 Zurich 245

Plaza Carso / Edificio Telcel, Piso 16

Colonia Ampliación Granada, Miguel Hidalgo

11529 Mexico City, Mexico

(Address of Principal Executive Office)

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

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

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

| • |  | 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 with postpaid gains of 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.

| • |  | On the fixed-line platform we added 110 thousand broadband accesses and 97 thousand Pay TV clients and lost 234 thousand voice access lines.

| • |  | 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 our main operating currencies other than the Brazilian real—with service revenue declining 1.4%. At constant exchange rates service revenue increased 6.0% year-on-year, with Eastern Europe leading the way at 9.6%, followed by Brazil at 9.0% and Mexico at 5.7%.

| • |  | Mobile and fixed-line service revenue were up 9.8% and 0.2%, respectively, at constant exchange rates. The expansion of mobile service revenue was driven by postpaid revenue growth that accelerated to 10.5%.

| • |  | EBITDA came in at 84.8 billion pesos, 4.4% less than a year before in nominal peso terms. At constant exchange rates, EBITDA was up 2.3% year-on-year. Adjusted for extraordinary items, EBITDA rose 5.0%.

| • |  | Our operating profit totaled 44.7 billion pesos in the quarter, down 7.2% in Mexican peso 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 the deconsolidation of Claro Chile is taken into account.

| • |  | Our cash flow plus 7.0 billion pesos in net borrowings enabled us to cover capital expenditures of 159.8 billion pesos, shareholder distributions of 50.2 billion pesos and labor obligations of 24.4 billion pesos.

| • |  | At the end of December our net debt—excluding leases—stood at 388.5 billion pesos. It was equivalent to a net debt-to-EBITDA ratio of 1.30x.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers |  |
|  | América |  |
|  | Móvil |  |
|  | Consolidated |  |
|  | Mexico |  |
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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

América Móvil Fundamentals |  |  |  |  |  |  |  |
|  | 4Q22 |  |  | 4Q21 |
Earnings per Share (Mex$)(1) |  |  | 0.22 |  |  |  | 2.03 |
Earning per ADR (US$)(2) |  |  | 0.22 |  |  |  | 1.96 |
EBITDA per Share (Mex$)(3) |  |  | 1.33 |  |  |  | 1.36 |
EBITDA per ADR (US$) |  |  | 1.35 |  |  |  | 1.31 |
Net Income (millions of Mex$)(4) |  |  | 13,710 |  |  |  | 131,986 |
Average Shares Outstanding (billion) |  |  | 63.5 |  |  |  | 65.0 |
Shares Outstanding End of Period (billion) |  |  | 63.6 |  |  |  | 65.5 |

(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%

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers |  |
|  | América |  |
|  | Móvil |  |
|  | Consolidated |  |
|  | Mexico |  |
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

Note

Upon their sale in November 2021 and July 2022 TracFone Wireless and Claro Panama became discontinued operations. Claro Chile did 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 IAS29 reflecting 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 ensure consistency.

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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América |  |
|  | Móvil |  |
|  | Consolidated |  |
|  | Mexico |  |
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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 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 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 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 Wireless Lines |  |  | 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico |  |
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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 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 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 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% |
Total RGUs |  |  | 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico |  |
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico |  |
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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 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 & 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 and Equity Participation in Results of Affiliates |  |  | 25,998 |  |  |  | 21,845 |  |  |  | 19.0% |  |  |  | 90,037 |  |  |  | 71,976 |  |  |  | 25.1% |
Equity Participation in Results of 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 Continued Operations |  |  | 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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 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, 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, 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 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 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 and Equity |  |  | 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

INCOME STATEMENT - 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 Operating Data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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 Revenue |  |  | 10,616 |  |  |  | 9,737 |  |  |  | 9.0% |  |  |  | 40,886 |  |  |  | 38,176 |  |  |  | 7.1% |
Wireless Revenue |  |  | 6,208 |  |  |  | 5,037 |  |  |  | 23.3% |  |  |  | 22,695 |  |  |  | 19,041 |  |  |  | 19.2% |
Service Revenue |  |  | 5,699 |  |  |  | 4,644 |  |  |  | 22.7% |  |  |  | 21,181 |  |  |  | 17,797 |  |  |  | 19.0% |
Equipment Revenue |  |  | 509 |  |  |  | 393 |  |  |  | 29.6% |  |  |  | 1,514 |  |  |  | 1,245 |  |  |  | 21.6% |
Fixed Line 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 revenue |  |  | 41.1% |  |  |  | 41.5% |  |  |  |  |  |  |  | 40.6% |  |  |  | 40.5% |  |  |  |  |
EBIT |  |  | 1,647 |  |  |  | 1,644 |  |  |  | 0.2% |  |  |  | 6,218 |  |  |  | 5,763 |  |  |  | 7.9% |
% total 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 Operating Data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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 Revenue |  |  | 2,896 |  |  |  | 2,858 |  |  |  | 1.4% |  |  |  | 11,428 |  |  |  | 11,245 |  |  |  | 1.6% |
Wireless Revenue |  |  | 2,574 |  |  |  | 2,639 |  |  |  | -2.5% |  |  |  | 10,108 |  |  |  | 9,820 |  |  |  | 2.9% |
Service Revenue |  |  | 1,781 |  |  |  | 1,700 |  |  |  | 4.7% |  |  |  | 6,893 |  |  |  | 6,727 |  |  |  | 2.5% |
Equipment Revenue |  |  | 793 |  |  |  | 939 |  |  |  | -15.5% |  |  |  | 3,215 |  |  |  | 3,093 |  |  |  | 3.9% |
Fixed Line 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 revenue |  |  | 43.4% |  |  |  | 43.7% |  |  |  |  |  |  |  | 42.8% |  |  |  | 43.2% |  |  |  |  |
EBIT |  |  | 890 |  |  |  | 1,042 |  |  |  | -14.5% |  |  |  | 3,660 |  |  |  | 3,814 |  |  |  | -4.0% |
% total 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

Colombia Operating Data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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 Revenue |  |  | 1,211 |  |  |  | 1,154 |  |  |  | 5.0% |  |  |  | 4,693 |  |  |  | 4,425 |  |  |  | 6.1% |
Wireless Revenue |  |  | 1,306 |  |  |  | 1,358 |  |  |  | -3.8% |  |  |  | 5,185 |  |  |  | 4,993 |  |  |  | 3.8% |
Service Revenue |  |  | 911 |  |  |  | 861 |  |  |  | 5.8% |  |  |  | 3,515 |  |  |  | 3,284 |  |  |  | 7.0% |
Equipment Revenue |  |  | 395 |  |  |  | 496 |  |  |  | -20.5% |  |  |  | 1,670 |  |  |  | 1,709 |  |  |  | -2.3% |
Fixed Line Revenue |  |  | 300 |  |  |  | 292 |  |  |  | 2.8% |  |  |  | 1,178 |  |  |  | 1,141 |  |  |  | 3.2% |
EBITDA |  |  | 638 |  |  |  | 534 |  |  |  | 19.6% |  |  |  | 2,240 |  |  |  | 2,235 |  |  |  | 0.2% |
% total revenue |  |  | 36.1% |  |  |  | 32.0% |  |  |  |  |  |  |  | 34.2% |  |  |  | 36.2% |  |  |  |  |
Adjusted EBITDA |  |  | 562 |  |  |  | 534 |  |  |  | 5.3% |  |  |  | 2,163 |  |  |  | 2,235 |  |  |  | -3.2% |
% total revenue |  |  | 34.6% |  |  |  | 32.0% |  |  |  |  |  |  |  | 33.8% |  |  |  | 36.2% |  |  |  |  |
EBIT |  |  | 329 |  |  |  | 216 |  |  |  | 52.5% |  |  |  | 1,040 |  |  |  | 1,044 |  |  |  | -0.4% |
% total 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

Peru Operating Data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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 Revenue |  |  | 232 |  |  |  | 225 |  |  |  | 3.0% |  |  |  | 906 |  |  |  | 902 |  |  |  | 0.5% |
Wireless Revenue |  |  | 239 |  |  |  | 231 |  |  |  | 3.6% |  |  |  | 922 |  |  |  | 911 |  |  |  | 1.2% |
Service Revenue |  |  | 205 |  |  |  | 199 |  |  |  | 2.9% |  |  |  | 800 |  |  |  | 799 |  |  |  | 0.2% |
Equipment Revenue |  |  | 34 |  |  |  | 31 |  |  |  | 7.6% |  |  |  | 121 |  |  |  | 112 |  |  |  | 8.2% |
Fixed Line Revenue |  |  | 27 |  |  |  | 28 |  |  |  | -3.2% |  |  |  | 109 |  |  |  | 106 |  |  |  | 2.1% |
EBITDA |  |  | 132 |  |  |  | 122 |  |  |  | 8.2% |  |  |  | 488 |  |  |  | 465 |  |  |  | 5.1% |
% total revenue |  |  | 46.6% |  |  |  | 47.3% |  |  |  |  |  |  |  | 46.5% |  |  |  | 45.6% |  |  |  |  |
Adjusted EBITDA |  |  | 123 |  |  |  | 122 |  |  |  | 0.7% |  |  |  | 479 |  |  |  | 465 |  |  |  | 3.1% |
% total revenue |  |  | 46.3% |  |  |  | 47.3% |  |  |  |  |  |  |  | 46.4% |  |  |  | 45.6% |  |  |  |  |
EBIT |  |  | 75 |  |  |  | 74 |  |  |  | 0.3% |  |  |  | 286 |  |  |  | 259 |  |  |  | 10.6% |
% total 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central
|  | America and
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

Ecuador Operating Data |
|  | 4Q22 |  | 4Q21 |  | Var.%
Wireless Subscribers (thousands) |  |  | 9,028 |  |  |  | 8,666 |  |  |  | 4.2% |
Postpaid |  |  | 2,204 |  |  |  | 2,089 |  |  |  | 5.5% |
Prepaid |  |  | 6,823 |  |  |  | 6,576 |  |  |  | 3.8% |
ARPU (US$) |  |  | 8 |  |  |  | 8 |  |  |  | -1.2% |
Churn (%) |  |  | 3.1% |  |  |  | 3.3% |  |  |  | (0.2) |
Revenue Generating Units (RGUs)(1) |  |  | 614 |  |  |  | 535 |  |  |  | 14.9% |

(1)Fixed Line, Broadband and Television.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central
|  | America and
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

Argentina

For comparison purposes all comments in this section related to annual variations of the presented period for Argentina refer 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 Revenue |  |  | 58,395 |  |  |  | 69,243 |  |  |  | -15.7% |  |  |  | 246,682 |  |  |  | 279,773 |  |  |  | -11.8% |
Wireless Revenue |  |  | 65,165 |  |  |  | 77,428 |  |  |  | -15.8% |  |  |  | 275,654 |  |  |  | 307,799 |  |  |  | -10.4% |
Service Revenue |  |  | 48,800 |  |  |  | 59,355 |  |  |  | -17.8% |  |  |  | 209,860 |  |  |  | 241,762 |  |  |  | -13.2% |
Equipment Revenue |  |  | 16,365 |  |  |  | 18,073 |  |  |  | -9.5% |  |  |  | 65,794 |  |  |  | 66,038 |  |  |  | -0.4% |
Fixed Line 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 revenue |  |  | 39.3% |  |  |  | 39.2% |  |  |  |  |  |  |  | 40.1% |  |  |  | 39.9% |  |  |  |  |
EBIT |  |  | 22,524 |  |  |  | 27,637 |  |  |  | -18.5% |  |  |  | 100,556 |  |  |  | 109,993 |  |  |  | -8.6% |
% total 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central
|  | America and
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central
|  | America and
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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 Revenue |  |  | 515 |  |  |  | 497 |  |  |  | 3.6% |  |  |  | 2,014 |  |  |  | 1,950 |  |  | 3.3%
Wireless Revenue |  |  | 407 |  |  |  | 384 |  |  |  | 6.0% |  |  |  | 1,581 |  |  |  | 1,481 |  |  | 6.8%
Service Revenue |  |  | 336 |  |  |  | 318 |  |  |  | 5.7% |  |  |  | 1,305 |  |  |  | 1,236 |  |  | 5.6%
Equipment Revenue |  |  | 71 |  |  |  | 66 |  |  |  | 7.6% |  |  |  | 276 |  |  |  | 245 |  |  | 12.8%
Fixed Line Revenue |  |  | 186 |  |  |  | 186 |  |  |  | 0.0% |  |  |  | 737 |  |  |  | 738 |  |  | -0.2%
EBITDA |  |  | 254 |  |  |  | 261 |  |  |  | -2.7% |  |  |  | 1,012 |  |  |  | 991 |  |  | 2.1%
% total revenue |  |  | 42.5% |  |  |  | 45.3% |  |  |  |  |  |  |  | 43.3% |  |  |  | 44.3% |  |  |
EBIT |  |  | 110 |  |  |  | 148 |  |  |  | -25.8% |  |  |  | 518 |  |  |  | 540 |  |  | -4.1%
% total 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central
|  | America and
|  | Caribbean
|  | Austria
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

Central America Operating Data(1) |
|  | 4Q22 |  |  | 4Q21 |  |  | Var.% |
Wireless Subscribers (thousands) |  |  | 16,673 |  |  |  | 15,753 |  |  |  | 5.8% |
Postpaid |  |  | 2,378 |  |  |  | 2,208 |  |  |  | 7.7% |
Prepaid |  |  | 14,296 |  |  |  | 13,545 |  |  |  | 5.5% |
ARPU (US$) |  |  | 7 |  |  |  | 7 |  |  |  | -2.6% |
Churn (%) |  |  | 5.9% |  |  |  | 5.7% |  |  |  | 0.3 |
Revenue Generating Units (RGUs)(2) |  |  | 4,624 |  |  |  | 4,376 |  |  |  | 5.7% |

(1)The table reflects the sale of Panama.

(2)Fixed Line, Broadband and Television.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central
|  | America and
|  | Caribbean
|  | Austria
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central
|  | America and
|  | Caribbean
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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 Revenue |  |  | 436 |  |  |  | 412 |  |  |  | 6.0% |  |  |  | 1,716 |  |  |  | 1,615 |  |  | 6.3%
Wireless Revenue |  |  | 316 |  |  |  | 311 |  |  |  | 1.8% |  |  |  | 1,241 |  |  |  | 1,186 |  |  | 4.6%
Service Revenue |  |  | 255 |  |  |  | 248 |  |  |  | 3.0% |  |  |  | 1,011 |  |  |  | 952 |  |  | 6.2%
Equipment Revenue |  |  | 61 |  |  |  | 63 |  |  |  | -2.6% |  |  |  | 229 |  |  |  | 234 |  |  | -2.0%
Fixed Line Revenue |  |  | 184 |  |  |  | 167 |  |  |  | 10.2% |  |  |  | 715 |  |  |  | 672 |  |  | 6.4%
EBITDA |  |  | 293 |  |  |  | 180 |  |  |  | 62.6% |  |  |  | 835 |  |  |  | 680 |  |  | 22.7%
% total revenue |  |  | 50.1% |  |  |  | 37.2% |  |  |  |  |  |  |  | 41.1% |  |  |  | 36.5% |  |  |
Adjusted EBITDA |  |  | 167 |  |  |  | 167 |  |  |  | 0.0% |  |  |  | 709 |  |  |  | 668 |  |  | 6.2%
% total revenue |  |  | 33.4% |  |  |  | 35.5% |  |  |  |  |  |  |  | 36.4% |  |  |  | 36.0% |  |  |
EBIT |  |  | 204 |  |  |  | 96 |  |  |  | 112.4% |  |  |  | 485 |  |  |  | 344 |  |  | 41.0%
% total 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 |
|  | 4Q22 |  |  | 4Q21 |  |  | Var.% |
Wireless Subscribers (thousands) |  |  | 7,345 |  |  |  | 7,020 |  |  |  | 4.6% |
Postpaid |  |  | 2,177 |  |  |  | 2,134 |  |  |  | 2.0% |
Prepaid |  |  | 5,168 |  |  |  | 4,886 |  |  |  | 5.8% |
ARPU (US$) |  |  | 12 |  |  |  | 12 |  |  |  | -2.5% |
Churn (%) |  |  | 3.2% |  |  |  | 3.1% |  |  |  | 0.1 |
Revenue Generating Units (RGUs)(1) |  |  | 2,774 |  |  |  | 2,608 |  |  |  | 6.4% |

(1)Fixed Line, Broadband and Television.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central
|  | America and
|  | Caribbean
|  | Austria
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central
|  | America and
|  | Caribbean
|  | Austria
|  | Other
|  | European
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central
|  | America and
|  | Caribbean
|  | Austria
|  | Other
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central
|  | America and
|  | Caribbean
|  | Austria
|  | Other
|  | European
|  | Currency
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers
|  | América
|  | Móvil
|  | Consolidated
|  | Mexico
|  | Brazil
|  | Colombia
|  | Other South
|  | America
|  | Central
|  | America and
|  | Caribbean
|  | Austria
|  | Other
|  | European
|  | Currency
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary |  |

Exchange Rates Local Currency Units per MxP |
|  | 4Q22 |  |  | 4Q21 |  |  | Var.% |  |  | Jan-Dec 22 |  |  | Jan-Dec 21 |  |  | Var.% |
Euro |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
End of 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 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 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 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 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 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 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 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% |

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers |  |
|  | América |  |
|  | Móvil |  |
|  | Consolidated |  |
|  | Mexico |  |
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange
|  | Rates
|  | Appendix
|  | Glossary

Exchange Rates Local Currency Units per USD |
|  | 4Q22 |  |  | 4Q21 |  |  | Var.% |  |  | Jan-Dec 22 |  |  | Jan-Dec 21 |  |  | Var.% |
Euro |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
End of 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 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 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 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 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 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 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 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% |

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers |  |
|  | América |  |
|  | Móvil |  |
|  | Consolidated |  |
|  | Mexico |  |
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange
|  | Rates
|  | Appendix
|  | Glossary

Appendix

Financial Debt of América Móvil(1) Millions |
|  | Dec -22 |  |  | Dec -21 |
Peso - denominated debt (MxP) |  |  | 97,134 |  |  |  | 85,737 |
Bonds(2) |  |  | 53,554 |  |  |  | 51,657 |
Banks and others |  |  | 43,580 |  |  |  | 34,080 |
U.S. Dollar - denominated debt (USD) |  |  | 8,521 |  |  |  | 8,466 |
Bonds |  |  | 8,496 |  |  |  | 7,751 |
Banks and others |  |  | 25 |  |  |  | 715 |
Euro - denominated Debt (EUR) |  |  | 7,045 |  |  |  | 8,497 |
Bonds |  |  | 6,099 |  |  |  | 7,697 |
Commercial Paper |  |  | 125 |  |  |  | 0 |
Banks and others |  |  | 821 |  |  |  | 800 |
Sterling - denominated Debt (GBP) |  |  | 2,200 |  |  |  | 2,200 |
Bonds |  |  | 2,200 |  |  |  | 2,200 |
Reais - denominated Debt (BRL) |  |  | 10,691 |  |  |  | 5,500 |
Bonds |  |  | 9,050 |  |  |  | 5,500 |
Banks and others |  |  | 1,641 |  |  |  | 0 |
Debt denominated in other currencies (MxP) |  |  | 10,220 | (3) |  |  | 23,384 | (4)
Bonds |  |  | 5,889 |  |  |  | 6,102 |
Banks and others |  |  | 4,331 |  |  |  | 17,282 |
Total Debt (MxP) |  |  | 510,589 |  |  |  | 564,030 |
Cash, Marketable Securities and Short Term Financial Investments (MxP)(5) |  |  | 129,110 |  |  |  | 163,278 |
Net Debt (MxP) |  |  | 381,479 |  |  |  | 400,752 |

(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 Flow Millions 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 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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers |  |
|  | América |  |
|  | Móvil |  |
|  | Consolidated |  |
|  | Mexico |  |
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix
|  | Glossary

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.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers |  |
|  | América |  |
|  | Móvil |  |
|  | Consolidated |  |
|  | Mexico |  |
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary

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 equipment revenue.
Wireless penetration |  | The ratio of total wireless subscribers in any given country divided by the total population in that country.

|  | Content |  |
|  | Highlights
|  | Relevant events
|  | Subscribers |  |
|  | América |  |
|  | Móvil |  |
|  | Consolidated |  |
|  | Mexico |  |
|  | Brazil |  |
|  | Colombia |  |
|  | Other South |  |
|  | America |  |
|  | Central |  |
|  | America and |  |
|  | Caribbean |  |
|  | Austria |  |
|  | Other |  |
|  | European |  |
|  | Currency |  |
|  | Exchange |  |
|  | Rates |  |
|  | Appendix |  |
|  | Glossary

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

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

Concept |  | Close Current Quarter 2022-12-31 |  |  | Close Previous Exercise 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 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 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 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 |

29 of 87

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

Concept |  | Close Current Quarter 2022-12-31 |  |  | Close Previous Exercise 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 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 |

30 of 87

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

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

Concept |  | Accumulated Current Year 2022-01-01 - 2022- 12-31 |  |  | Accumulated Previous Year 2021-01-01 - 2021- 12-31 |  |  | Quarter Current Year 2022-10-01 - 2022- 12-31 |  |  | Quarter Previous Year 2021-10-01 - 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 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 |

31 of 87

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

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

Concept |  | Accumulated Current Year 2022-01-01 - 2022-12-31 |  |  | Accumulated Previous Year 2021-01-01 - 2021-12-31 |  |  | Quarter Current Year 2022-10-01 - 2022-12-31 |  |  | Quarter Previous Year 2021-10-01 - 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 income that will not be reclassified to profit or loss, net of tax [abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income, net of tax, gains (losses) from investments in equity 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 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 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 investments in equity instruments |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Share of other comprehensive income of associates and joint ventures accounted for using 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 tax |  |  | (9,012,992,000) |  |  |  | 15,822,765,000 |  |  |  | (3,990,961,000) |  |  |  | 12,472,423,000 |
Components of other comprehensive income that 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 foreign operations [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 tax |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Other comprehensive income, net of tax, hedges of net investments in foreign 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 of forward 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, net of tax |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |

32 of 87

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

Concept |  | Accumulated Current Year 2022-01-01 - 2022-12-31 |  |  | Accumulated Previous Year 2021-01-01 - 2021-12-31 |  |  | Quarter Current Year 2022-10-01 - 2022-12-31 |  |  | Quarter Previous Year 2021-10-01 - 2021-12-31 |
Other comprehensive income, net of tax, change in value of forward elements of forward contracts |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Change in value of foreign currency basis spreads [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 tax |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Other comprehensive income, net of tax, change in value of foreign currency basis spreads |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Financial assets measured at fair value through other comprehensive income [abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gains (losses) on financial assets measured at fair value through other comprehensive income, net of tax |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Reclassification adjustments on financial assets measured at fair value through other comprehensive income, net of tax |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Amounts removed from equity and adjusted against fair value of financial assets on 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 other comprehensive income |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Share of other comprehensive income of associates and joint ventures accounted for using 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 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 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: 2022

[520000] Statement of cash flows, indirect method

Concept |  | Accumulated Current Year 2022-01-01 - 2022-12-31 |  |  | Accumulated Previous Year 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: 2022

Concept |  | Accumulated Current Year 2022-01-01 - 2022-12-31 |  |  | Accumulated Previous Year 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