America Movil, S.A.B. de C.V.

Good morning, my name is Nadia and I'll be the conference operator today. At this time, I would like to welcome everyone to American Mobile's third quarter 2024 conference call and webcast. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw a question, please press star followed by two. Thank you. Now I will turn the call over to Ms. Daniela Leguana, Head of Investor Relations, to begin.

Thank you. Good morning, everyone. Thank you for joining us today to discuss our third quarter financial and operating results. We have on the line Mr. Daniel Hash, CEO, Mr. Carlos García Moreno, CFO, and Mr. Oscar Munchausen, CEO.

Hi, good morning. Welcome to America Mobile third quarter financial and operating report, and Carlos is going to make a summary of the results. Thank you, Daniel. Good morning, everyone. Well, integration in the U.S. and several other countries continues the downward trend in the third quarter, with 10-year U.S. pressure yields falling 85 basis points from the beginning of the quarter through mid-September to a low of 3.6. The decline was driven by concern about the cooling U.S. economy and its corresponding impact on the labor market. It prompted the Fed to finally declare its first discount rate reduction in two and a half years, a period in which it brought about a 5 percentage point increase in such rate. Shortly after the end of the third quarter, 10 unions had bounced back to more than 4% on the back of an unexpectedly strong nonfarm payroll numbers for September, wiping out half of the reductions that had taken place through mid-September. Throughout the quarter, central bank discount rates fell by 50 basis points in Mexico and Peru, one percentage point in colombia and 25 basis points in chile but we're going up once again in brazil by 25 basis points in the third quarter we added 1.8 million subscribers of which 1.4 million were posted these include regular subscribers as well as mtm accesses dongles and small devices Austria contributed 430,000 of them, Brazil contributed 231,000, Colombia 159,000, and Mexico 108,000 post-pre-tribuscribers. Our prepaid segments obtained 468,000 editions led by Colombia with 251,000, Eastern Europe with 213,000, and Argentina with 200,000, but registered 343,000 connections in Brazil, and 136,000 in Mexico. In the fixed-land segment, we connected 327,000 open accesses, 116,000 in Mexico, 59,000 in Brazil, and approximately 43,000 in Argentina and Central America. We disconnected 83,000 landlines and 30,000 units in the Gulf. Mobile post-paid and fixed broadband continue to be the main drivers of access growth, with 5.9% and 5.2% respectively year-on-year. Third quarter revenue, total 223 billion pesos, with service revenue expanding 11.3% in Mexican peso terms, and EBITDA 11.9%, partly reflecting the depreciation of the Mexican peso versus most of the currencies in our region of appropriations, with the notable exception of the Brazilian trade. Approximately 10% of the position versus both the dollar and the euro, 8% versus the Colombian peso, and 12% versus the Peruvian peso. At constant exchange rates, the service revenue was up 5.5% year-on-year, an improvement on the 4.7% rate of service by a quarter, while adjusted EBITDA increased 7.3%. Mobile service revenue growth accelerated somewhat from the prior quarter to 5.2%, posting its best performance in over a year on the back of post-paid revenue growth. On the fixed-line space, service revenue rose 5.9%. Worldwide revenue decelerated slightly from the prior quarter to 7.4%, whereas corporate net worth revenue expanded 10.1% faster than in the same quarter. The decline in pay-per-view revenue continues, but has become less and less significant. Brazil and Colombia continued the trend over the last year of posting improved sales revenue growth every quarter, while Central America presented better growth rates than the preceding two quarters. Mexico and Peru maintained their pace from prior quarters. Our operating profit reached 47.4 billion pesos. It was up 14.2% in Mexican peso temps and 10% at constant exchange rates. Adjusted for one-offs, as mentioned above, our operating profit increased 12% at constant exchange rates. We posted a net profit of 6.4 billion pesos in the quarter, nearly traveling the one-off trend a year before. It was equivalent to 10 peso cents per share or 11 dollar cents per ADR and came about on the back of higher operating profit, as mentioned before, but also as comprehensive financing costs came down 4.8% relative to the same period of 2023 to 28 billion pesos. Our net bear ended September at 443 billion pesos, having increased by 47.3 billion pesos relative to December 2023, partly reflecting the impact of the depreciation of the Mexican peso on our non-peso financial obligations. In cash flow terms, our net bear increased by 19.7 billion pesos, In the nine months to September, our capital expenditures totaled 86.7 billion pesos. Shareholder distribution stayed 2.9, split almost evenly between share buybacks and dividend payments, and we reduced our labor obligations in the amount of 23.7 billion pesos, practically all of these atelments. Our net debt excluded leases to EBITDA after this ratio. In the September at 1.34, times last month's EBITDA, practically at the lower leverage limit that we committed to maintain in our investor base. And finally, I'd just like to highlight that we received our third ESG rating upgrade by MSCI in as many years, reflecting improvements on corporate governance, security, and data privacy. With that, I would like to pass this back to Rodan. Thank you. Thank you, Carlos. And we can start with the Q&A.