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Part of Liberty Latin America Liberty ⚫ CARIBBEAN + móvil IN LIBERTY NETWORKS Liberty LIBERTY LIBERTY LATIN AMERICA AUGUST 2026
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LLA PURPLE SLIDES – HR USE“SAFE HARBOR” FORWARD-LOOKING STATEMENTS & DISCLAIMER This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategies, priorities and objectives, financial and operational performance, growth expectations; efficiency initiatives; our digital strategy, product innovation and commercial plans and projects; expectations on demand for connectivity in the region; the recovery of our Puerto Rico and Jamaica operations; our plans and expectations with respect to liability management in Puerto Rico and our strategic value creation initiatives; the impact of Hurricane Melissa on our business and operations; the expected benefits and timing for our subsea cable expansion; the strength of our balance sheet and tenor of our debt; future projected sources and uses of cash; the anticipated benefits from our new IT service agreement; future share repurchases; and other information and statements that are not historical fact. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties include events that are outside of our control, such as hurricanes and other natural disasters, political or social events, and pandemics, such as COVID-19, the uncertainties surrounding such events and efforts to contain any pandemic, the ability and cost to restore networks in the markets impacted by hurricanes or generally to respond to any such events; the continued use by subscribers and potential subscribers of our services and their willingness to upgrade to our more advanced offerings; our ability to meet challenges from competition, to manage rapid technological change or to maintain or increase rates to our subscribers or to pass through increased costs to our subscribers; the effects of changes in laws or regulation; general economic factors; our ability to successfully acquire and integrate new businesses and realize anticipated efficiencies from acquired businesses; the availability of attractive programming for our video services and the costs associated with such programming; our ability to achieve forecasted financial and operating targets; the outcome of any pending or threatened litigation; the ability of our operating companies to access cash of their respective subsidiaries; the impact of our operating companies' future financial performance, or market conditions generally, on the availability, terms and deployment of capital; fluctuations in currency exchange and interest rates; the ability of suppliers and vendors to timely deliver quality products, equipment, software, services and access; our ability to adequately forecast and plan future network requirements including the costs and benefits associated with network expansions; and other factors detailed from time to time in our filings with the Securities and Exchange Commission, including our most recently filed Form 10-K and Form 10-Q. These forward-looking statements speak only as of the date of this presentation. We expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. INFORMATION RELATING TO DEFINED TERMS Please refer to the Appendix at the end of this presentation, as well as our SEC filings, for the definitions of the following terms which may be used herein including: Rebased Growth, Adjusted Operating Income Before Depreciation and Amortization (“Adjusted OIBDA”), Adjusted OIBDA less P&E Additions, Adjusted Free Cash Flow (“Adjusted FCF”), Revenue Generating Units (“RGUs”), as well as non-GAAP reconciliations, where applicable. FORWARD-LOOKING STATEMENT | DEFINED TERMS 2LIBERTY LATIN AMERICA | AUGUST 2026
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LLA PURPLE SLIDES – HR USE ABOUT US 3
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LLA PURPLE SLIDES – HR USE (1) Homes Passed, Fixed RGUs, and Mobile subscribers are reported as of June 30, 2026. Revenue data for the six months ended June 30, 2026, annualized. ATTRACTIVE ORGANIC GROWTH OPPORTUNITY in both the consumer and commercial segments supported by innovative products & services SCALE BENEFITS to support Liberty Latin America’s ambitions over the next few years INORGANIC GROWTH OPPORTUNITIES across Latin America & the Caribbean INVESTMENT HIGHLIGHTS(1) ATTRACTIVE GROWTH OPPORTUNITY UNDERPINNED BY LEADING ASSETS END-TO-END COMMUNICATIONS PLATFORM leveraging the power of a market-leading sub-sea network, fixed-line networks & mobile platforms 20+ CONSUMER MARKETS 4.8 MILLION HOMES PASSED 6.8 MILLION MOBILE SUBs $4.4 BILLION REVENUE 3.9 MILLION FIXED RGUs 55LIBERTY LATIN AMERICA | AUGUST 2026
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LLA PURPLE SLIDES – HR USE LLA OPERATIONS ACROSS LATAM & THE CARIBBEAN(1) SUBSTANTIAL DIVERSIFICATION ACROSS BUSINESSES & GEOGRAPHIES REVENUE $1.4 BILLION $0.7 BILLION $0.5 BILLION $1.2 BILLION $0.7 BILLION $4.4 BILLION ADJUSTED OIBDA $0.7 BILLION $0.3 BILLION $0.2 BILLION $0.4 BILLION $0.2 BILLION $1.7 BILLION HOMES PASSED 1.7 MILLION 1.0 MILLION — 1.2 MILLION 0.9 MILLION 4.8 MILLION FIXED RGUs 1.5 MILLION 0.7 MILLION — 1.0 MILLION 0.6 MILLION 3.9 MILLION MOBILE SUBs 1.9 MILLION 2.0 MILLION — 0.7 MILLION 2.2 MILLION 6.8 MILLION COSTA RICA PUERTO RICO (1) Homes Passed, Fixed RGUs, and Mobile subscribers are reported as of June 30, 2026. Revenue and Adjusted OIBDA data for the six months ended June 30, 2026, annualized. 6LIBERTY LATIN AMERICA | AUGUST 2026
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LLA PURPLE SLIDES – HR USELATAM & CARIBBEAN MARKET FULL-SERVICE PROVIDER ACROSS NEARLY ALL OUR CONSUMER MARKETS OR OUR BRAND FIXED PRODUCTS MOBILE LARGEST COMPETITORS (2) (1) (1) Other mobile operators in the markets include: ATN International operating under the brand Logic in Cayman Islands, CCT in the BVI and The Cable in St. Kitts & Nevis. (2) Other mobile operators in the markets include; Dauphin Telecom and Orange in St. Martin, Eutel in St. Eustatius and Kla in Bonaire. 7 LIBERTY LATIN AMERICA | AUGUST 2026
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LLA PURPLE SLIDES – HR USE 29% 49% 22% 36% 46% 19% 1.5M FIXED RGUs 1.0M FIXED RGUs 0.6M FIXED RGUs 2.2M MOBILE SUBs 0.7M MOBILE SUBs 2.0M MOBILE SUBs 1.9M MOBILE SUBs FIXED RGUs & MOBILE SUBSCRIBERS(1) REPORTING SEGMENT VIEW BROADBAND VIDEO TELEPHONY 35% 39% 26% 19% 46% 34% 77% 23% 21% 79% POSTPAID PREPAID COSTA RICA PUERTO RICO (1) Fixed RGUs and Mobile subscribers are reported as of June 30, 2026. Due to rounding, certain percentages may not recalculate. 8 0.7M FIXED RGUs 77% 23% 45% 55% LIBERTY LATIN AMERICA | AUGUST 2026
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LLA PURPLE SLIDES – HR USE $4.4 BILLION $4.4 BILLION COSTA RICA 15% REVENUE OVERVIEW(1) DIVERSIFIED BY GEOGRAPHY & PRODUCT REVENUE BY GEOGRAPHY REVENUE BY PRODUCT MOBILE 40% FIXED B2B 32% NETWORKS & LATAM 9% 16%PANAMA PUERTO RICO 25% OTHER 21% 4% BAHAMAS JAMAICA 9% 28% OTHER 1% (1) Revenue totals for the six months ended June 30, 2026, annualized. Revenue splits for the six months ended June 30, 2026. Due to rounding, certain totals may not recalculate. 9LIBERTY LATIN AMERICA | AUGUST 2026
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LLA PURPLE SLIDES – HR USE 31% 33% 36% $1.4 BILLION $1.2 BILLION $0.7 BILLION $0.7 BILLION $0.5 BILLION REVENUE BY PRODUCT(1) REPORTING SEGMENT VIEW 50% 18% 32% 42% 41% 15% 2% 24% 10% 66% RESIDENTIAL FIXED RESIDENTIAL MOBILE B2B SERVICE WHOLESALE OTHER COSTA RICA PUERTO RICO 29% 71% 10 (1) Revenue totals for the six months ended June 30, 2026, annualized. Revenue splits for the six months ended June 30, 2026. Due to rounding, certain totals may not recalculate. LIBERTY LATIN AMERICA | AUGUST 2026
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LLA PURPLE SLIDES – HR USE HOMES PASSED | THOUSANDS GIGABIT-READY FIXED FOOTPRINT & MOBILE TECHNOLOGY BY MARKET LTE / 5G LTE / 5G LTE LTE / 5G(3) LTE / 5G LTE NO MOBILE OPERATIONS LTE/ 5G SUBSEA & TERRESTRIAL NETWORK STRONG DEFENSIVE & GROWTH CHARACTERISTICS; NEW SUBSEA CABLE BUILD ANNOUNCED SUBSTANTIAL CASH GENERATION EL SALVADOR’S (2) & MANTA SUBSEA CABLES BUILD IN PROGRESS WELL-INVESTED; ~25% POTENTIAL CAPACITY UTILIZED UNIQUE, CRITICAL INFRASTRUCTURE WITH ~60,000 KILOMETERS OF CABLE DIVERSIFIED REVENUE PORTFOLIO; CONNECTING OVER 30 COUNTRIES 6 4 5 3 1 2 COMPETITIVE EDGE THROUGH SUPERIOR SUBSEA, FIXED & MOBILE ASSETS FTTH HFC OTHER PUERTO RICO PANAMA COSTA RICA JAMAICA TRINIDAD & TOBAGO BARBADOS BAHAMAS OTHER 1,210 1,009 864 704 342 141 126 399 95% 90% 100% 100% 99% 98% 96% 100% INFRASTRUCTURE | LEADING NETWORKS(1) (1) Subsea and terrestrial network statistics as of December 31, 2025. Fixed footprint and mobile technology by market statistics as of June 30, 2026. See Appendix for definitions and additional information. (2) El Salvador submarine cable is being built on behalf of the Government of El Salvador. (3) LTE in all markets besides the Cayman Islands where we offer 5G. 11LIBERTY LATIN AMERICA | AUGUST 2026
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LLA PURPLE SLIDES – HR USE GUILLERMO PONCE SVP, SOUTH- CENTRAL MARKETS LIBERTY LATIN AMERICA INGE SMIDTS GM CABLE & WIRELESS CARIBBEAN RAY COLLINS SVP, INFRASTRUCTURE & CORPORATE STRATEGY ROCÍO LORENZO GM CABLE & WIRELESS PANAMA IGNACIO ROMÁN GM LIBERTY PUERTO RICO & USVI JOHANNA ESCOBAR GM LIBERTY COSTA RICA OUR BOARD OF DIRECTORS & MANAGEMENT TEAM INDUSTRY LEADERS BOARD OF DIRECTORS MANAGEMENT TEAM MIKE FRIES BALAN NAIR DIRECTOR JOHN MALONE CHARLIE BRACKEN DIRECTOR PAUL GOULD DIRECTOR MIRANDA CURTIS DIRECTOR BRENDAN PADDICK DIRECTOR ALFONSO DE ANGOITIA DIRECTOR DANIEL SANCHEZ DIRECTOR CHRIS NOYES CHIEF FINANCIAL OFFICER JOHN WINTER CHIEF LEGAL OFFICER KERRY SCOTT CHIEF PEOPLE OFFICER BALAN NAIR ROBERTA JACOBSON DIRECTOR AAMIR HUSSAIN CHIEF TECHNOLOGY & PRODUCT OFFICER CHIEF EXECUTIVE OFFICER 12 DIRECTOR EMERITUS EXECUTIVE CHAIRMAN LIBERTY LATIN AMERICA | AUGUST 2026
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LLA PURPLE SLIDES – HR USE Q2 2026 REVIEW 13
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LLA PURPLE SLIDES – HR USE 14LIBERTY LATIN AMERICA | AUGUST 2026 LIBERTY LATIN AMERICA | KEY MESSAGES(1) (1) See Appendix for definitions and additional information. (2) YTD through August 3, 2026. All segments reported positive contributions Share repurchases accelerated post preferred distribution Remain opportunistic >$60M EQUITY BUYBACK YTD(2) Distributed to LLA shareholders in June Reflects management conviction in future cash flow generation $500M PREFERRED STOCK 2 41 3 +45K Q2 POSTPAID & BROADBAND ADDS All segments showed sequential expansion Improving Adjusted FCF +3% Q2 ADJUSTED OIBDA YOY GROWTH OPERATIONAL STRENGTH & IMPROVING ADJUSTED OIBDA & CASH FLOW; CASH RETURNS TO SHAREHOLDERS
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LLA PURPLE SLIDES – HR USE 15LIBERTY LATIN AMERICA | AUGUST 2026 RETURN TO ADJUSTED OIBDA GROWTH Q2 2026 FINANCIAL RESULTS(1) (1) See Appendix for definitions and additional information. REVENUE IN USD MILLIONS; REBASED GROWTH RATE IN USD MILLIONS; REBASED GROWTH RATE ADJUSTED OIBDA —% Q2 25 Q2 26 1,087 1,103 +3% 415 436 Q2 25 Q2 26 • Growth in Q2 despite net negative impact of $6 million from Hurricane Melissa • Gaining operational leverage through YoY cost reductions • Sequential increase of ~$30m from Q1 2026 • Q2 2026 still impacted by Hurricane Melissa headwinds • Double-digit YoY growth at Liberty Networks • Sequential increase of ~$20m from Q1 2026
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LLA PURPLE SLIDES – HR USE 16LIBERTY LATIN AMERICA | AUGUST 2026 LIBERTY NETWORKS POWERING THE CREDIT SILO SEGMENT FINANCIAL RESULTS | C&W CREDIT SILO(1) 15% AS % OF REVENUE AS % OF REVENUE 16%16% AS % OF REVENUE 297 101 649 REVENUE ADJ. OIBDA P&E ADDs AS % OF REVENUE 16% Q2 2026 IN USD MILLIONS (6)%(2)% (5)%(—)% +9%+10% (2)%+1% VS PY REBASED 55 67 Q1 26 Q2 26 +12163 165 Q1 26 Q2 26 +1 64 65 Q1 26 Q2 26 +2 282 297 Q1 26 Q2 26 +15 ADJUSTED OIBDA SEQUENTIAL PERFORMANCE IN USD MILLIONS ABSOLUTE CHANGE 45%46%REVENUE TO 37%36% 51%46% 46%45% 165 53 362 REVENUE ADJ. OIBDA P&E ADDs 177 65 REVENUE ADJ. OIBDA 28 P&E ADDs 130 67 REVENUE ADJ. OIBDA 20 P&E ADDs (1) See Appendix for definitions and additional information. Due to rounding, certain differences and percentages may not recalculate. The sum of each segment’s financial metric does not recalculate to the relevant total C&W credit silo financial metric due to intercompany transactions eliminated during consolidation.
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LLA PURPLE SLIDES – HR USE 17LIBERTY LATIN AMERICA | AUGUST 2026 BOTH LCR & LPR DELIVERING ADJUSTED OIBDA EXPANSION SEGMENT FINANCIAL RESULTS | LCR & LPR CREDIT SILOS(1) (1) See Appendix for definitions and additional information. Due to rounding, certain differences and percentages may not recalculate. 93 45 288 REVENUE ADJUSTED OIBDA P&E ADDs 64 23 169 REVENUE ADJUSTED OIBDA P&E ADDs 16% AS % OF REVENUE 14% AS % OF REVENUE Q2 2026 IN USD MILLIONS Q2 2026 IN USD MILLIONS +7%(5)%+7%—% VS PY REBASED COSTA RICA PUERTO RICO VS PY REBASED 91 93 Q1 26 Q2 26 +2 57 64 Q1 26 Q2 26 +7 ADJUSTED OIBDA SEQUENTIAL PERFORMANCE IN USD MILLIONS ADJUSTED OIBDA SEQUENTIAL PERFORMANCE IN USD MILLIONS ABSOLUTE CHANGE 32%31%REVENUE TO 38%36% REVENUE TO ABSOLUTE CHANGE
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LLA PURPLE SLIDES – HR USE 18LIBERTY LATIN AMERICA | AUGUST 2026 P&E ADDITIONS EFFICIENCY UNCHANGED; STEP UP IN ADJUSTED FCF P&E ADDITIONS & ADJUSTED FCF(1) (1) See Appendix for definitions and additional information. Due to rounding, certain differences and percentages may not recalculate. P&E ADDITIONS IN USD MILLIONS; AS PERCENTAGE OF REVENUE 14% 16% • P&E additions elevated in Q2 due to mobile capacity upgrades, after a lighter Q1 • $12m of CAPEX related to Jamaican recovery in Q2 • Capex efficiency remains well positioned with stable H1 P&E additions as a percentage of revenue (41) 83 (145) 19 Q2 25 Q2 26 H1 25 H1 26Q2 25 Q2 26 H1 25 H1 26 150 179 271 289 12% 13% INCLUDES H1 26 LPR ADJUSTED FCF LOSSES OF ~$90M IN USD MILLIONS; ABSOLUTE CHANGE BEFORE DISTRIBUTIONS TO PARTNERS ADJUSTED FCF BEFORE DISTRIBUTIONS TO PARTNERS • Strong advance in Adjusted FCF in Q2 and H1 YoY • H1 benefiting from favorable working capital timing , including vendor financing movements +124 +164 TO PARTNERS DISTRIBUTIONS (25) (29) (25)—
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LLA PURPLE SLIDES – HR USE 19LIBERTY LATIN AMERICA | AUGUST 2026 (1) See Appendix for definitions and additional information. Balance sheet and liquidity information as of June 30, 2026. Equity buyback information as of August 3, 2026. Due to rounding, certain totals may not recalculate. (2) LLA consolidated leverage ratios are non-GAAP measures. For additional information, including definitions of our consolidated leverage ratios and required reconciliations, see Appendix and Non-GAAP Reconciliations. Silo covenant leverage calculated in accordance with each silo’s credit agreement. Reported leverage for LPR calculated dividing reported net debt, by the Adjusted OIBDA for the last two quarters, annualized. BALANCE SHEET & LIQUIDITY POSITION(1) CAPITAL ALLOCATION FOREFRONT OF VALUE CREATION STRATEGY KEY METRICS EQUITY BUYBACK PREFERRED SHARE DISTRIBUTION >$60 MILLION BUYBACK YTD 2026 ~$140 MILLION AUTHORIZATION REMAINING • $500 million notional value of preferred stock with 9% dividend rate • Trading on Nasdaq Global Select under LILAP • First quarterly cash dividend payable on September 15, 2026 • Strong message on management confidence in future FCF outlook PUERTO RICOCOSTA RICA TOTAL DEBT $5.0 BILLION $0.5 BILLION $3.1 BILLION $8.5 BILLION CASH $0.5 BILLION $32 MILLION $0.1 BILLION $0.7 BILLION NET LEVERAGE(2) 3.8x COVENANT 2.0x COVENANT 14.1x COVENANT 8.0x REPORTED 4.6x REPORTED UNUSED BORROWING CAPACITY $0.7 BILLION $20 MILLION $0.2 BILLION $0.9 BILLION
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LLA PURPLE SLIDES – HR USE 20LIBERTY LATIN AMERICA | AUGUST 2026 CONCLUSIONS(1) OPERATING RESULTS BUILDING MOMENTUM FOR H2 (1) See Appendix for definitions and additional information. STRONG Q2 & H1 Robust net additions in postpaid & broadband Impressive cash flow expansion CAPITAL ALLOCATION Newly issued preferred provides dividends to shareholders Share repurchases accelerated YTD; remaining opportunistic on future buybacks Launch of Unbeatable Network to differentiate customer proposition Announced IT services agreement building on AI capabilities INNOVATION & AI 21 3
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LLA PURPLE SLIDES – HR USE AGENDA EXECUTIVE SUMMARY 02 | FINANCIAL RESULTS 03 | APPENDIX 01 |
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LLA PURPLE SLIDES – HR USE 22LIBERTY LATIN AMERICA | AUGUST 2026 ARPU Average revenue per unit refers to the average monthly subscription revenue (subscription revenue excludes interconnect, mobile handset sales and late fees) per average customer relationship or mobile subscriber, as applicable. ARPU per average customer relationship is calculated by dividing the average monthly subscription revenue from residential fixed and SOHO fixed services by the average of the opening and closing balances for customer relationships for the indicated period. ARPU per average mobile subscriber is calculated by dividing the average monthly mobile service revenue by the average of the opening and closing balances for mobile subscribers for the indicated period. Unless otherwise indicated, ARPU per customer relationship or mobile subscriber is not adjusted for currency impacts. ARPU per average RGU is calculated by dividing the average monthly subscription revenue from the applicable residential fixed service by the average of the opening and closing balances of the applicable RGUs for the indicated period. Unless otherwise noted, ARPU in this release is considered to be ARPU per average customer relationship or mobile subscriber, as applicable. Customer relationships, mobile subscribers and RGUs of entities acquired during the period are normalized. CUSTOMER RELATIONSHIPS The number of customers who receive at least one of our video, internet or telephony services that we count as RGUs, without regard to which or to how many services they subscribe. To the extent that RGU counts include equivalent billing unit (“EBU”) adjustments, we reflect corresponding adjustments to our customer relationship counts. For further information regarding our EBU calculation, see Additional General Notes below. Customer relationships generally are counted on a unique premises basis. Accordingly, if an individual receives our services in two premises (e.g., a primary home and a vacation home), that individual generally will count as two customer relationships. We exclude mobile-only customers from customer relationships. FMC Fixed mobile convergence FULLY-SWAPPED BORROWING COST OR WEIGHTED AVERAGE COST OF DEBT (WACD) Represents the weighted average interest rate on our debt (excluding finance leases and including vendor financing obligations, debt related to the Tower Transactions and other debt), including the effects of derivative instruments, original issue premiums or discounts and commitment fees, but excluding the impact of financing costs. INTERNET (BROADBAND) RGU A home, residential multiple dwelling unit or commercial unit that receives internet services over our network. MOBILE SUBSCRIBERS Our mobile subscriber count represents the number of active subscriber identification module (“SIM”) cards in service rather than services provided. For example, if a mobile subscriber has both a data and voice plan on a smartphone this would equate to one mobile subscriber. Alternatively, a subscriber who has a voice and data plan for a mobile handset and a data plan for a laptop (via a dongle) would be counted as two mobile subscribers. Customers who do not pay a recurring monthly fee are excluded from our mobile telephony subscriber counts after periods of inactivity ranging from 30 to 90 days, based on industry standards within the respective country. In a number of countries, our mobile subscribers receive mobile services pursuant to prepaid contracts. REVENUE GENERATING UNIT (“RGU”) RGU is separately a video RGU, internet RGU or telephony RGU. A home, residential multiple dwelling unit, or commercial unit may contain one or more RGUs. For example, if a residential customer in Puerto Rico subscribed to our video service, fixed-line telephony service and broadband internet service, the customer would constitute three RGUs. RGUs are generally counted on a unique premises basis such that a given premises does not count as more than one RGU for any given service. On the other hand, if an individual receives one of our services in two premises (e.g., a primary home and a vacation home), that individual will count as two RGUs for that service. Each bundled video, internet or telephony service is counted as a separate RGU regardless of the nature of any bundling discount or promotion. Non-paying subscribers are counted as RGUs during their free promotional service period. Some of these subscribers may choose to disconnect after their free service period. Services offered without charge on a long-term basis (e.g., VIP subscribers or free service to employees) generally are not counted as RGUs. We do not include subscriptions to mobile services in our externally reported RGU counts. In this regard, our RGU counts exclude our separately reported postpaid and prepaid mobile subscribers. TOWER TRANSACTIONS Transactions entered into during 2023 associated with certain of our mobile towers across various markets that (i) have terms of 15 or 20 years and did not meet the criteria to be accounted for as a sale and leaseback and (ii) also include "build to suit" sites that we are obligated to construct. DEFINITIONS & ADDITIONAL INFORMATION
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LLA PURPLE SLIDES – HR USE 23LIBERTY LATIN AMERICA | AUGUST 2026 Revenue Three months ended June 30, 2025 Liberty Caribbean C&W Panama Liberty Networks LPR LCR Corporate & Eliminations Total C&W credit siloEnterprise Wholesale Total in USD millions; except for percentages Reported 366.3) 177.3) 33.1) 81.5) 114.6) 301.3) 151.3) (24.1) 1,086.7) 635.8) Foreign currency 0.9) —) 2.3) 1.4) 3.7) —) 16.5) (0.1) 21.0) 4.5) Rebased 367.2) 177.3) 35.4) 82.9) 118.3) 301.3) 167.8) (24.2) 1,107.7) 640.3) Reported % change(1) (1)%) —%) 10%) 15%) 14%) (5)%) 11%) N.M.) 1%) 2%) Rebased % change(2) (2)%) —%) 3%) 14%) 10%) (5)%) —%) N.M.) —%) 1%) INFORMATION ON REBASED GROWTH (1) Reported percentage changes are calculated as current period measure, as applicable, less prior-period measure divided by prior-period measure. (2) Rebased percentage changes are calculated as current period measure, as applicable, less rebased prior-period measure divided by rebased prior-period measure. Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a comparable basis for all businesses that we owned during the current year, we reflect the translation of our rebased amounts for the prior-year periods at the applicable average foreign currency exchange rates that were used to translate our results for the corresponding current-year periods. The rebased growth percentages have been presented as a basis for assessing growth rates on a comparable basis and should be viewed as measures of operating performance that are a supplement to, and not a substitute for, U.S. GAAP reported growth rates. The following tables provide the aforementioned adjustments made to the revenue and Adjusted OIBDA amounts for the periods indicated, to derive our rebased growth rates. Due to rounding, certain rebased growth rate percentages may not recalculate. In the tables set forth below: reported percentage changes are calculated as current period measure, as applicable, less prior-period measure divided by prior-period measure; and rebased percentage changes are calculated as current period measure, as applicable, less rebased prior- period measure divided by rebased prior-period measure. The following table sets forth the reconciliation from reported revenue to rebased revenue and related change calculations.
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LLA PURPLE SLIDES – HR USE 24LIBERTY LATIN AMERICA | AUGUST 2026 Adjusted OIBDA Three months ended June 30, 2025 Liberty Caribbean C&W Panama Liberty Networks LPR LCR Corporate Total C&W credit silo in USD millions; except for percentages Reported 173.8) 68.6) 60.8)) 87.0) 54.0) (29.2) 415.0) 303.1) Foreign currency 0.4) —) 0.7)) —) 5.9) 0.1) 7.1) 1.1) Rebased 174.2) 68.6) 61.5)) 87.0) 59.9) (29.1) 422.1) 304.2) Reported % change(1) (5)%) (5)%) 10%) 7%) 18%) 41%) 5%) (2)%) Rebased % change(2) (6)%) (5)%) 9%) 7%) 7%) 41%) 3%) (2)%) INFORMATION ON REBASED GROWTH (CONT.) (1) Reported percentage changes are calculated as current period measure, as applicable, less prior-period measure divided by prior-period measure. (2) Rebased percentage changes are calculated as current period measure, as applicable, less rebased prior-period measure divided by rebased prior-period measure. Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a comparable basis for all businesses that we owned during the current year, we reflect the translation of our rebased amounts for the prior-year periods at the applicable average foreign currency exchange rates that were used to translate our results for the corresponding current-year periods. The rebased growth percentages have been presented as a basis for assessing growth rates on a comparable basis and should be viewed as measures of operating performance that are a supplement to, and not a substitute for, U.S. GAAP reported growth rates. The following tables provide the aforementioned adjustments made to the revenue and Adjusted OIBDA amounts for the periods indicated, to derive our rebased growth rates. Due to rounding, certain rebased growth rate percentages may not recalculate. In the tables set forth below: reported percentage changes are calculated as current period measure, as applicable, less prior-period measure divided by prior-period measure; and rebased percentage changes are calculated as current period measure, as applicable, less rebased prior- period measure divided by rebased prior-period measure. The following table sets forth the reconciliation from reported revenue to rebased revenue and related change calculations.
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LLA PURPLE SLIDES – HR USE 25LIBERTY LATIN AMERICA | AUGUST 2026 LLA Three months ended June 30, 2025 March 31, 2026 June 30, 2026 in USD millions; except for percentages Operating income (loss) (333.0) 145.2) 181.2) Share-based compensation and other Employee Incentive Plan-related expense(2) 13.3) 31.6) 12.8) Depreciation and amortization 217.5) 217.1) 226.1) Impairment, restructuring and other operating items, net 517.2) 11.2) 15.9) Adjusted OIBDA 415.0) 405.1) 436.0) Operating income (loss) margin (30.6)%) 13.4%) 16.4%) Adjusted OIBDA margin 38.2%) 37.4%) 39.5%) P&E additions 150.2) 110.7) 178.5) Adjusted OIBDA less P&E additions 264.8) 294.4) 257.5) Adjusted OIBDA less P&E additions margin 24.4%) 27.2%) 23.3%) ADJUSTED OIBDA DEFINITION & RECONCILIATION(1) On a consolidated basis, Adjusted OIBDA is a non-U.S. GAAP measure. Adjusted OIBDA is the primary measure used by our CODM, our Chief Executive Officer, to evaluate segment operating performance. Adjusted OIBDA is also a key factor that is used by our internal decision makers to determine how to allocate resources to segments. Our internal decision makers believe Adjusted OIBDA is a meaningful measure because it represents a transparent view of our recurring operating performance that is unaffected by our capital structure and allows management to (i) readily view operating trends, (ii) perform analytical comparisons and benchmarking between segments and (iii) identify strategies to improve operating performance in the different countries in which we operate. We believe our Adjusted OIBDA measure is useful to investors because it is one of the bases for comparing our performance with the performance of other companies in the same or similar industries, although our measure may not be directly comparable to similar measures used by other public companies. Adjusted OIBDA should be viewed as a measure of operating performance that is a supplement to, and not a substitute for, operating income or loss, net earnings or loss and other U.S. GAAP measures of income or loss. We define Adjusted OIBDA less P&E Additions, which is a non-GAAP measure, as Adjusted OIBDA less P&E Additions on an accrual basis. Adjusted OIBDA less P&E Additions is a meaningful measure because it provides (i) a transparent view of Adjusted OIBDA that remains after our capital spend, which we believe is important to take into account when evaluating our overall performance and (ii) a comparable view of our performance relative to other telecommunications companies. Our Adjusted OIBDA less P&E Additions measure may differ from how other companies define and apply their definition of similar measures. Adjusted OIBDA less P&E Additions should be viewed as a measure of operating performance that is a supplement to, and not substitute for, U.S. GAAP measure of income included in our condensed consolidated statement of operations. (1) Margins calculated as the relevant measures divided by total revenue for the applicable period. (2) Includes expense associated with our Long Term Value Plan, the vesting of which can be settled in either common shares or cash at the discretion of Liberty Latin America’s Compensation Committee.
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LLA PURPLE SLIDES – HR USE 26LIBERTY LATIN AMERICA | AUGUST 2026 C&W Credit Silo Three months ended March 31, 2026 June 30, 2026 in USD millions; except for percentages Operating income (loss) 125.4) 138.1) Share-based compensation and other Employee Incentive Plan-related expense(2) 8.1) 3.8) Depreciation and amortization 122.7) 125.3) Related-party fees and allocations 21.5) 25.5) Impairment, restructuring and other operating items, net 4.1) 3.9) Adjusted OIBDA 281.8) 296.6) Operating income (loss) margin 19.9%) 21.3%) Adjusted OIBDA margin 44.7%) 45.7%) ADJUSTED OIBDA DEFINITION & RECONCILIATION (CONT.)(1) (1) Margins calculated as the relevant measures divided by total revenue for the applicable period. (2) Includes expense associated with our Long Term Value Plan, the vesting of which can be settled in either common shares or cash at the discretion of Liberty Latin America’s Compensation Committee. On a consolidated basis, Adjusted OIBDA is a non-U.S. GAAP measure. Adjusted OIBDA is the primary measure used by our CODM, our Chief Executive Officer, to evaluate segment operating performance. Adjusted OIBDA is also a key factor that is used by our internal decision makers to determine how to allocate resources to segments. Our internal decision makers believe Adjusted OIBDA is a meaningful measure because it represents a transparent view of our recurring operating performance that is unaffected by our capital structure and allows management to (i) readily view operating trends, (ii) perform analytical comparisons and benchmarking between segments and (iii) identify strategies to improve operating performance in the different countries in which we operate. We believe our Adjusted OIBDA measure is useful to investors because it is one of the bases for comparing our performance with the performance of other companies in the same or similar industries, although our measure may not be directly comparable to similar measures used by other public companies. Adjusted OIBDA should be viewed as a measure of operating performance that is a supplement to, and not a substitute for, operating income or loss, net earnings or loss and other U.S. GAAP measures of income or loss.
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LLA PURPLE SLIDES – HR USE 27LIBERTY LATIN AMERICA | AUGUST 2026 June 30, 2026 in USD millions; except leverage ratios Total debt and finance lease obligations 8,448.5) Discounts, premiums and deferred financing costs, net 85.9) Adjusted total debt and finance lease obligations 8,534.4) Less: Cash and cash equivalents including restricted cash(1) 746.9) Net debt and finance lease obligations 7,787.5) Operating income(2): Operating income (loss) for the three months ended March 31, 2026 145.2) Operating income (loss) for the three months ended June 30, 2026 181.2) Operating income (loss) – last two quarters 326.4) Annualized operating income (loss) – last two quarters annualized 652.8) Adjusted OIBDA(3): Adjusted OIBDA for the three months ended March 31, 2026 405.1) Adjusted OIBDA for the three months ended June 30, 2026 436.0) Adjusted OIBDA – last two quarters 841.1) Annualized Adjusted OIBDA – last two quarters annualized 1,682.2) Consolidated debt and finance lease obligations to operating income (loss) ratio 13.1x) Consolidated net debt and finance lease obligations to operating income (loss) ratio 11.9x) Consolidated leverage ratio 5.1x) Consolidated net leverage ratio 4.6x) (1) Includes $33m related to restricted cash at Liberty Puerto Rico that serves as collateral against certain letters of credit associated with the funding received from the FCC to continue to expand and improve our fixed network. (2) Operating income or loss is the closest U.S. GAAP measure to Adjusted OIBDA, as discussed in Adjusted OIBDA above. Accordingly, we have presented consolidated debt and finance lease obligations to operating income and consolidated net debt and finance lease obligations to operating income as the most directly comparable financial ratios to our non-GAAP consolidated leverage and consolidated net leverage ratios. (3) Adjusted OIBDA is a non-GAAP measure. See slide 25 for reconciliations of Adjusted OIBDA to the nearest U.S. GAAP measure. CONSOLIDATED LEVERAGE RATIO DEFINITION & RECONCILIATION We have set forth below our consolidated leverage and net leverage ratios. Our consolidated leverage and net leverage ratios (Consolidated Leverage Ratios), each a non-GAAP measure, are defined as (i) the principal amount of debt and finance lease obligations less cash and cash equivalents and restricted cash divided by (ii) last two quarters of annualized Adjusted OIBDA. We generally use Adjusted OIBDA for the last two quarters annualized when calculating our Consolidated Leverage Ratios to maintain as much consistency as possible with the calculations established by our debt covenants included in the credit facilities or bond indentures for our respective borrowing groups, which are predominantly determined on a last two quarters annualized basis. For purposes of these calculations, adjusted total debt and finance lease obligations is measured using swapped foreign currency rates. We believe our consolidated leverage and net leverage ratios are useful because they allow our investors to consider the aggregate leverage on the business inclusive of any leverage at the Liberty Latin America level, not just at each of our operations. Investors should view consolidated leverage and net leverage ratios as supplements to, and not substitutes for, the ratios calculated based upon measures presented in accordance with U.S. GAAP. Reconciliations of the numerator and denominator used to calculate the consolidated leverage and net leverage ratios as of June 30, 2026, are set forth below:
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LLA PURPLE SLIDES – HR USE 28LIBERTY LATIN AMERICA | AUGUST 2026 ADJUSTED FREE CASH FLOW DEFINITION & RECONCILIATION We define Adjusted Free Cash Flow (Adjusted FCF), a non-GAAP measure, as net cash provided by our operating activities, plus (i) cash payments for third-party costs directly associated with successful and unsuccessful acquisitions and dispositions, (ii) expenses financed by an intermediary, and (iii) proceeds received in connection with handset receivables securitization, less (a) capital expenditures, net, (b) principal payments on amounts financed by vendors and intermediaries, (c) principal payments on finance leases, (d) repayments made associated with a handset receivables securitization, and (e) distributions to noncontrolling interest owners. We believe that our presentation of Adjusted FCF provides useful information to our investors because this measure can be used to gauge our ability to service debt and fund new investment opportunities. Adjusted FCF should not be understood to represent our ability to fund discretionary amounts, as we have various mandatory and contractual obligations, including debt repayments, which are not deducted to arrive at this amount. Investors should view Adjusted FCF as a supplement to, and not a substitute for, U.S. GAAP measures of liquidity included in our consolidated statements of cash flows. The following table provides the reconciliation of our net cash provided by operating activities to Adjusted FCF for the indicated period: (1) For purposes of our consolidated statements of cash flows, expenses financed by an intermediary, including value-added taxes, are treated as operating cash outflows and financing cash inflows when the expenses are incurred. When we pay the financing intermediary, we record financing cash outflows in our consolidated statements of cash flows. For purposes of our Adjusted FCF definition, we add back the operating cash outflows when these financed expenses are incurred and deduct the financing cash outflows when we pay the financing intermediary. Three months ended Six months ended June 30, 2025 June 30, 2026 June 30, 2025 June 30, 2026 in USD millions Net cash provided by operating activities 141.2) 216.8) 165.8) 259.0) Cash payments for direct acquisition and disposition costs 3.6) 6.6) 4.0) 9.4) Expenses financed by an intermediary(1) 46.2) 63.6) 80.8) 129.2) Capital expenditures, net (139.3) (120.8) (236.0) (220.1) Principal payments on amounts financed by vendors and intermediaries (86.5) (79.9) (145.8) (148.4) Principal payments on finance leases (0.3) (0.2) (0.5) (2.3) Proceeds from (repayments of) handset receivables securitization, net (6.2) (3.4) (13.0) (7.7) Adjusted FCF before distributions to noncontrolling interest owners (41.3) 82.7) (144.7) 19.1) Distributions to noncontrolling interest owners —) (24.8) (29.1) (24.8) Adjusted FCF (41.3) 57.9) (173.8) (5.7)
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LLA PURPLE SLIDES – HR USEFLAG DIRECTORY Country Flags Country Flag Country Flag Country Flag Country Flag Country Flag Anguilla Cayman Islands Jamaica St. Eustatius St. Vincent & the Grenadines Antigua & Barbuda Costa Rica Montserrat St. Kitts & Nevis The Bahamas Barbados Curaçao Panama St. Lucia Trinidad and Tobago Bonaire Dominica Puerto Rico St. Maarten Turks & Caicos British Virgin Islands Grenada Saba St. Martin USVI 29LIBERTY LATIN AMERICA | AUGUST 2026