América Móvil's Fourth Quarter of 2018 Financial and Operating Report

Carlos García-Moreno Chief Financial Offcer CONTENT [email protected] Daniela Lecuona Torras Investor Relations Offce Highlights [email protected] Relevant events América Móvil’s fourth quarter of 2018 financial and operating report Subscribers Mexico City, February 12th, 2019 - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: 4Q18 AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the fourth quarter of 2018. América Móvil Consolidated • We gained 1.5 million postpaid subscribers in the fourth quarter, including 1.5M postpaid net 1.2 million in Brazil, and nearly 200 thousand in Mexico. Our postpaid base adds Mexico increased 7.2% year-on-year. Prepaid net subscriber gains accelerated sharply in Mexico, Colombia, the Argentinean block and the U.S. from the prior quarter, while postpaid gains did so in Brazil. Argentina, Paraguay & Uruguay • Fixed-broadband is still the main driver on the fixed-line platform; we con- Broadband accesses nected 590 thousand new accesses, a 5.6% increase. +5.6% YoY Brazil • Revenues of 262 billion pesos were nearly flat in Mexican peso terms from Service revenues the year-earlier quarter. At constant exchange rates, service revenues ex- +3.0% YoY at constant panded 3.0%, roughly the same pace observed the prior quarter. Fx Chile • Fixed-broadband and mobile postpaid were the main drivers of revenue Fixed-broadband growth, increasing 9.5% and 7.9%, respectively, followed by mobile prepaid revenues +9.5% YoY Colombia revenues, up 3.2%. PayTV revenues were down 2.5%. • EBITDA came in at 70.6 billion pesos in the quarter and remained practically EBITDA +6.8% at unchanged relative to last year in Mexican peso terms, whereas at constant constant Fx Ecuador exchange rates, it rose 6.8%. • Our operating profit increased by 25.6% to 35.9 billion pesos, partly on ac- EBIT up 26% YoY Peru count of reduced depreciation charges in Brazil. • Comprehensive financing costs declined 68% over the year to 12.1 billion pe- CFC down 68% YoY Central America sos. This reduction arises from the release of provisions in Brazil related to a tax dispute that was resolved favorably. • We obtained a net profit of 9.5 billion pesos in the quarter, bringing the total Net profit of MxP Caribbean for the year to 45.7 billion pesos, up 8.4%. 46Bn in 2018, +8.4% • Our cash flow covered our capital expenditures of 152 billion pesos and al- CapEx of MxP 152Bn USA lowed us to significantly reduce our liabilities, funneling 41.6 billion pesos to the amortization of financial debt and 14.3 billion pesos to pension obliga- tions. Austria & CEE • At year-end our net debt stood at 568.2 billion pesos; it was equivalent to 1.88 Net debt to EBITDA times the year’s EBITDA. at 1.88x Glossary Currency We will host our conference call to discuss 4Q18 financial and operating results on February 13th at 9:00am Exchange Rates Mexico City time. To access the call please log on to www.americamovil.com/investors page 2 CONTENT Highlights América Móvil’s Subsidiaries as of December 2018 Equity Country Brand Business Participation Relevant events Mexico Telcel wireless 100.0% Telmex wireline 98.8% Sección Amarilla (1) other 100.0% Subscribers Telvista other 90.0% Argentina Claro wireless 100.0% América Móvil Telmex wireline 99.7% Consolidated Brazil Claro wireless/wireline 98.5% Chile Claro wireless 100.0% Mexico Telmex(1) wireline 100.0% Colombia Claro wireless 99.4% Argentina, Paraguay Telmex wireline 99.3% & Uruguay Costa Rica Claro wireless 100.0% Dominicana Claro wireless/wireline 100.0% Brazil Ecuador Claro wireless/wireline 100.0% El Salvador Claro wireless/wireline 95.8% Chile Guatemala Claro wireless/wireline 99.3% Honduras Claro wireless/wireline 100.0% Nicaragua Claro wireless/wireline 99.6% Colombia Panama Claro wireless/wireline 100.0% Paraguay Claro wireless/wireline 100.0% Peru Claro wireless/wireline 100.0% Ecuador Puerto Rico Claro wireless/wireline 100.0% Uruguay Claro wireless/wireline 100.0% Peru USA Tracfone wireless 100.0% Netherlands KPN wireless/wireline 16.1% Austria Telekom Austria wireless/wireline 51.0% Central America (1) Equity Participation of TEINTL of which América Móvil owns 100%. Caribbean USA Austria & CEE Glossary Currency Exchange Rates page 3 CONTENT Highlights Relevant Events On January 24th, we entered into an agreement to acquire 100% of Telefónica AMX acquires 100% Relevant events Móviles Guatemala at a price of US$333 million and 99.3% of Telefónica Móviles of TEF Guatemala El Salvador for US$315 million. The acquisition of Guatemala has been complet- ed; that of El Salvador is awaiting regulatory approval. Subscribers América Móvil América Móvil Fundamentals (in accordance with IFRS) Consolidated 4Q18 4Q17 Earnings per Share (Mex$) (1) 0.14 -0.16 Mexico Earning per ADR (US$) (2) 0.15 -0.17 EBITDA per Share (Mex$) (3) 1.07 1.07 Argentina, Paraguay EBITDA per ADR (US$) 1.08 1.13 & Uruguay Net Income (millions of Mex$) 9,518 -10,563 Average Shares Outstanding (billion) 66.04 66.07 Brazil (1) Net Income / Average Shares Outstanding (2) 20 shares per ADR (3) EBITDA / Average Shares Outstanding Chile Access Lines Colombia Our wireless subscriber base comprised 75.7 million postpaid clients at year-end Postpaid base up and just over 200 million prepaid subs. The former figure rose 7.2% year-on-year 7.2% YoY Ecuador while the latter declined 4.0%. Net additions in the contract segment totaled 1.5 million subs and include 1.2 million in Brazil and almost 200 thousand in Mexico. Peru Prepaid net subscriber gains accelerated sharply in Mexico, Colombia, the Argen- Prepaid net adds tinean block and the U.S. form the prior quarter, with 547 thousand in Mexico, 398 accelerated vs. thousand in Colombia, 90 thousand in the Argentinean block and 66 thousand in 3Q18 Central America the U.S. (excluding Safelink) In Brazil and Central America we had a subscriber clean up, which explains the net loss of 5.1 million prepaid subs in the quarter. Caribbean Fixed RGUs increased 1.5% driven by broadband services as we connected 590 Fixed RGUs +1.5% thousand new accesses. They were up 5.6% year-on-year. YoY USA Austria & CEE Glossary Currency Exchange Rates page 4 CONTENT Highlights Wireless Subscribers as of December 2018 Total(1) (Thousands) Country Dec ’18 Sep ’18 Var.% Dec ’17 Var.% Relevant events Argentina, Paraguay and Uruguay 24,264 24,130 0.6% 24,091 0.7% Austria & CEE 21,000 21,099 -0.5% 20,658 1.7% Subscribers Brazil 56,416 58,954 -4.3% 59,022 -4.4% Central America 14,364 15,954 -10.0% 15,927 -9.8% América Móvil Caribbean 5,887 5,809 1.3% 5,637 4.4% Consolidated Chile 6,707 6,823 -1.7% 6,985 -4.0% Colombia 29,681 29,233 1.5% 29,353 1.1% Mexico Ecuador 8,246 8,160 1.0% 7,960 3.6% Mexico 75,448 74,704 1.0% 73,855 2.2% Argentina, Paraguay Peru 12,098 12,710 -4.8% 12,392 -2.4% & Uruguay USA 21,688 21,793 -0.5% 23,132 -6.2% Total Wireless Lines 275,798 279,369 -1.3% 279,013 -1.2% Brazil (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. Chile Fixed-Line and Other Accesses (RGUs) as of December 2018 Total(1) (Thousands) Country Dec ’18 Sep ’18 Var.% Dec ’17 Var.% Colombia Argentina, Paraguay and Uruguay 775 743 4.3% 670 15.7% Austria & CEE 6,261 6,182 1.3% 6,036 3.7% Ecuador Brazil 35,285 35,602 -0.9% 35,904 -1.7% Central America 6,465 6,121 5.6% 5,811 11.3% Peru Caribbean 2,546 2,571 -1.0% 2,700 -5.7% Chile 1,424 1,399 1.8% 1,354 5.2% Colombia 7,171 7,074 1.4% 6,753 6.2% Central America Ecuador 384 378 1.7% 367 4.7% Mexico 22,337 21,801 2.5% 21,851 2.2% Caribbean Peru 1,472 1,460 0.8% 1,398 5.3% Total RGUs 84,120 83,333 0.9% 82,844 1.5% (1) Fixed Line, Broadband and Television (Cable & DTH). USA Austria & CEE Glossary Currency Exchange Rates page 5 CONTENT Highlights América Móvil Consolidated Results In the fourth quarter, amid continued economic expansion in the U.S. and strong Relevant events employments gains, renewed fears about impending interest rate increases by the Fed surfaced again leading to a significant depreciation of equities and other financial assets and to the strengthening of the dollar against most currencies. Subscribers Other than the Brazilian real, that recovered by nearly 4% from its election-driven lows, all other currencies in Latin America were down vs. the U.S. dollar, with América Móvil the Colombian peso falling on average 6.4% from the previous quarter and the Consolidated Mexican peso 4.1%. Mexico Revenues of 262 billion pesos were nearly flat in Mexican peso terms from the Sevice revenues year-earlier quarter. At constant exchange rates, service revenues expanded up 3.0% YoY at Argentina, 3.0%, roughly the same pace observed the prior quarter, as the acceleration of constant exchange Paraguay service-revenue growth in Colombia, the U.S. and Argentina was compensated rates & Uruguay by a slight deceleration in Brazil and Mexico, stemming from aggressive holiday promotions that included large allotments of data and airtime.

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