Liberty Global Results Presentation Deck
VMO2 JV RECONCILIATIONS - ADJ EBITDA LESS P&E
ADDITIONS
The following table provides reconciliations from VMO2 JV US GAAP Adj EBITDA to IFRS rebased Adj EBITDA and Adj EBITDA less P&E Additions for
the indicated periods:
Adjusted EBITDA:
US GAAP Adjusted EBITDA.
Rebase Adjustments (a).
US GAAP Rebased Adjusted EBITDA..
US GAAP/IFRS Adjustments (b).
IFRS Rebased Adjusted EBITDA.
Property & Equipment Additions:
US GAAP Property & Equipment Additions..
Rebase Adjustments (a).
US GAAP Rebased Property & Equipment Additions..
US GAAP/IFRS Adjustments (b).......
IFRS Rebased Property & Equipment Additions...
Adjusted EBITDA less P&E Additions:
US GAAP Adjusted EBITDA less P&E Additions.
Rebase Adjustments (a).
US GAAP Rebased Adjusted EBITDA less P&E Additions.
US GAAP/IFRS Adjustments (b).
IFRS Rebased Adjusted EBITDA less P&E Additions..
$
$
$
$
Three months ended June 30,
2023
2022
1,138.8
1.9
1,140.7
108.7
1,249.4
670.8
670.8
53.3
724.1
$
$
$
$
468.0
1.9
469.9
55.4
525.3 $
S
in millions
1,059.4
7.8
1,067.2
152.3
1,219.5
689.3
(147.7)
541.6
46.0
587.6
370.1
155.5
525.6
106.3
631.9
$
$
$
Ś
$
Six months ended June 30,
2023
2022
2,164.7
3.9
2,168.6
210.5
2,379.1
1,261.4
1,261.4
112.4
1,373.8
$
$
$
$
903.3 S
3.9
907.2
98.1
1,005.3
$
2,454.7
(229.0)
2,225.7
243.9
2,469.6
1,348.6
(257.3)
1,091.3
109.0
1,200.3
1,106.1
28.3
1,134.4
134.9
1,269.3
(a) Adjusted EBITDA rebase adjustments relate to (i) for the 2022 YTD period, the exclusion of certain handset securitization transactions in Q1 2022 of approximately
$233 million related to restructuring of the legacy 02 securitization structure, (ii) for 2022, the VM02 JV's construction agreement with the nexfibre JV of
approximately $18 million and $31 million, respectively, and (iii) certain transaction adjustments made to reflect the VMO2 JV's new basis of accounting, which
reverse the effect of the write-off of deferred commissions, install costs and deferred revenue.
(b) US GAAP/IFRS differences primarily relate to (i) the VM02 JV's investment in CTIL and (ii) leases.
(c) P&E additions rebase adjustments for 2022 relate to the VM02 JV's construction aggrement with the nexfibre JV of approximately $148 million and $257 million,
respectively.
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(8)View entire presentation