Investor Presentaiton

CONSOLIDATED LEVERAGE RATIO DEFINITION & RECONCILIATION LIBERTY LIBERTY LATIN AMERICA We have set forth below our consolidated leverage and net leverage ratios. Our consolidated leverage and net leverage ratios, each a non-GAAP measure, are defined as (i) adjusted total debt and finance lease obligations (total carrying value of debt and finance lease obligations plus discounts, premiums and deferred finance costs, less cash and cash equivalents divided by (ii) last two quarters annualized Adjusted OIBDA as of March 31, 2023. 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 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 March 31, 2023 are set forth below: Total debt and finance lease obligations Discounts, premiums and deferred financing costs, net Adjusted total debt and finance lease obligations Less: Cash and cash equivalents Net debt and finance lease obligations Operating income (loss) (1): Operating income (loss) for the three months ended December 31, 2022 Operating income (loss) for the three months ended March 31, 2023 Operating income (loss) - last two quarters Annualized operating income (loss) - last two quarters annualized Adjusted OIBDA (2): Adjusted OIBDA for the three months ended December 31, 2022 Adjusted OIBDA for the three months ended March 31, 2023 Adjusted OIBDA - last two quarters Annualized Adjusted OIBDA - last two quarters annualized Consolidated debt and finance lease obligations to operating income (loss) ratio Consolidated net debt and finance lease obligations to operating income (loss) ratio Consolidated leverage ratio Consolidated net leverage ratio March 31, 2023 in USD millions; except leverage ratios 7,915.2 94.5 8,009.7 671.8 7,337.9 109.5 113.0 222.5 445.0 405.2 406.5 811.7 1,623.4 17.8x 16.3x 4.9x 4.5x (1) 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. (2) Adjusted OIBDA is a non-GAAP measure. See slide 26 for reconciliations of Adjusted OIBDA to the nearest U.S. GAAP measure. LIBERTY LATIN AMERICA | MAY 2023 22 27

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