Liberty Global Results Presentation Deck
CENTRAL UPDATE": CONTINUING TO TARGET $200-
$250M OF NET CENTRAL SPEND
$ millions
REVENUE
ADJUSTED EBITDA
P&E ADDITIONS
ADJUSTED EBITDA
LESS P&E
NET PROCEEDS FROM FSAs
WITH NON-CONSOLIDATED
ENTITIES NOT IN ADJ EBITDA
OR ADJ EBITDA LESS P&E
NET CENTRAL SPEND
Q1 2023
$231
27
(48)
$(21)
$(21)
(1) Excludes the results of Slovakia and Egg and the impact of intersegment eliminations.
Q2 2023
$191
(66)
(30)
$(96)
31
$(65)
Revenue decline effective Q2 primarily the result of our determination to market, and plan to sell,
certain of our internally-developed software to third parties, whereby proceeds received from
licensing internally developed software (including those proceeds from our arrangements
with VMO2 JV and VodafoneZiggo) have been, and will be, applied against the net book value of our
internally developed capitalized software until that balance is reduced to zero.
Software development costs expensed as incurred rather than capitalized.
Reflects the proceeds received from licensing internally developed software (including
those proceeds from our arrangements with VMO2 and VodafoneZiggo JV) that were
applied against the book value of our internally developed capitalized software as
opposed to being reported as revenue.
No change to our net Central spend as a result of accounting indicated above. Targeting
$200-$250 million for the full year.
15
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