MILLICOM INTERNATIONAL CELLULAR SA
For the period ended Nov 7, 2024. Filed Nov 7, 2024.
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Nov 7, 2024 · Filed Nov 7, 2024
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Contents
5. SEGMENT INFORMATION (Continued)
| Nine months ended September 30, 2023 (in millions of U.S. dollars) | Guatemala | Colombia | Panama | Bolivia | Honduras | Paraguay | Other reportable segments (v) | Total for reportable segments | Inter-segment and other eliminations(iv) | Total Group |
|---|---|---|---|---|---|---|---|---|---|---|
| Service revenue(i) | 1,000 | 921 | 480 | 450 | 426 | 406 | 632 | 4,315 | (440) | 3,875 |
| Telephone and equipment revenue | 171 | 35 | 36 | 9 | 30 | 18 | 41 | 341 | (30) | 310 |
| Revenue | 1,171 | 956 | 515 | 459 | 456 | 424 | 673 | 4,656 | (470) | 4,186 |
| Inter-segment revenue | 6 | 2 | 2 | — | 4 | 2 | 5 | 21 | n/a | n/a |
| Revenue from external customers | 1,165 | 954 | 514 | 459 | 453 | 423 | 668 | 4,636 | n/a | n/a |
| EBITDA(ii) | 597 | 292 | 221 | 173 | 203 | 186 | 260 | 1,933 | (378) | 1,555 |
| Capital expenditures(iii) | 159 | 114 | 64 | 51 | 62 | 66 | 86 | 602 | (55) | 547 |
| Three months ended September 30, 2024 (in millions of U.S. dollars) | Guatemala | Colombia | Panama | Bolivia | Honduras | Paraguay | Other reportable segments (v) | Total for reportable segments | Inter-segment and other eliminations(iv) | Total Group |
|---|---|---|---|---|---|---|---|---|---|---|
| Service revenue(i) | 350 | 331 | 170 | 152 | 145 | 133 | 214 | 1,494 | (150) | 1,344 |
| Telephone and equipment revenue | 50 | 9 | 8 | 1 | 7 | 4 | 14 | 94 | (7) | 87 |
| Revenue | 400 | 340 | 178 | 154 | 153 | 137 | 227 | 1,588 | (158) | 1,431 |
| Inter-segment revenue | 2 | — | — | — | 1 | 1 | 2 | 7 | n/a | n/a |
| Revenue from external customers | 397 | 340 | 177 | 154 | 152 | 136 | 226 | 1,581 | n/a | n/a |
| EBITDA(ii) | 220 | 133 | 84 | 66 | 79 | 65 | 100 | 747 | (162) | 585 |
| Capital expenditures(iii) | 53 | 28 | 22 | 22 | 19 | 17 | 27 | 188 | (22) | 166 |
| Three months ended September 30, 2023 (in millions of U.S. dollars) | Guatemala | Colombia | Panama | Bolivia | Honduras | Paraguay | Other reportable segments (v) | Total for reportable segments | Inter-segment and other eliminations(iv) | Total Group |
|---|---|---|---|---|---|---|---|---|---|---|
| Service revenue(i) | 331 | 333 | 160 | 151 | 143 | 138 | 212 | 1,468 | (148) | 1,320 |
| Telephone and equipment revenue | 52 | 11 | 18 | 3 | 11 | 5 | 14 | 114 | (11) | 104 |
| Revenue | 383 | 344 | 179 | 153 | 154 | 143 | 226 | 1,583 | (159) | 1,424 |
| Inter-segment revenue | 2 | 1 | — | — | 1 | 1 | 2 | 7 | n/a | n/a |
| Revenue from external customers | 381 | 343 | 178 | 153 | 153 | 142 | 225 | 1,575 | n/a | n/a |
| EBITDA(ii) | 199 | 114 | 77 | 57 | 69 | 63 | 90 | 670 | (137) | 533 |
| Capital expenditures(iii) | 40 | 31 | 27 | 27 | 18 | 23 | 28 | 195 | (15) | 180 |
Unaudited Interim Condensed Consolidated Financial Statements for the three and nine-month periods ended September 30, 2024
5. SEGMENT INFORMATION (Continued)
Reconciliation of EBITDA for reportable segments to the Group's profit before taxes from continuing operations:
| (US$ millions) | Nine months ended September 30, 2024 | Nine months ended September 30, 2023 | Three months ended September 30, 2024 | Three months ended September 30, 2023 |
|---|---|---|---|---|
| EBITDA for reportable segments | 2,238 | 1,933 | 747 | 670 |
| Depreciation | (696) | (726) | (222) | (245) |
| Amortization | (241) | (269) | (78) | (92) |
| Share of profit in Honduras joint venture | 39 | 32 | 14 | 10 |
| Other operating income (expenses), net | 16 | 7 | — | 3 |
| Interest and other financial expenses | (550) | (530) | (175) | (182) |
| Interest and other financial income | 40 | 15 | 9 | 6 |
| Other non-operating (expenses) income, net | (26) | 30 | (10) | 3 |
| Profit (loss) from other joint ventures and associates, net | — | (3) | — | — |
| Honduras as joint venture | (224) | (203) | (79) | (69) |
| Unallocated expenses and other reconciling items (i) | (163) | (175) | (84) | (68) |
| Profit before taxes from continuing operations | 432 | 109 | 123 | 36 |
(i) The unallocated expenses are primarily related to centrally managed costs
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