Liberty Global Results Presentation Deck
VMO2 JV RECONCILIATIONS-ADJ EBITDA
The following tables provide reconciliations from VMO2 JV US GAAP Adj EBITDA to Rebased IFRS Adj EBITDA 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..........
Adjusted EBITDA:
US GAAP Adjusted EBITDA.
Rebase Adjustments (a).
US GAAP Rebased Adjusted EBITDA.
US GAAP/IFRS Adjustments (b).
IFRS Rebased Adjusted EBITDA..
$
$
$
Pro Forma
June 30, 2021
1,210.3
(17.8)
1,192.5
98.4
1,290.9
June 30, 2022
1,059.4
7.8
1,067.2
152.3
1,219.5
Three months ended
September 30, 2021
$
$
Actual
$
Three months ended
September 30, 2022
$
1,180.3
(32.9)
1,147.4
95.1
1,242.5
December 31, 2021
in millions
$
$
1,125.3
(27.5)
1,097.8
97.9
1,195.7
December 31, 2022
in millions
1,060.5
(5.3)
1,055.2
9.8.2
1,153.4 $
Actual
Pro Forma
Year ended
December 31, 2021
$
4,665.3
(89.5)
4,575.8
397.5
4,973.3
Year ended
December 31, 2022
1,047.0
0.1
1,047.1
102.4
1,149.5 $
4,562.2
(33.7)
4,528.5
211.5
4,740.0
Actual
Three months ended
March 31, 2022
$
$
Three months ended
March 31, 2023
$
1,395.3
(236.8)
1,158.5
91.6
1,250.1
$
1,025.9
2.0
1,027.9
101.8
1,129.7
(a) Adjusted EBITDA rebase adjustments relate to (i) for Q1 2022, the exclusion of certain handset securitization transactions of approximately $233 million
related to restructuring of the legacy 02 securitization structure, (ii) for Q1 and Q2 2022, the VM02 JV's construction agreement with the nexfibre JV of
approximately $12 million and $18 million, respectively, and (iv) certain transaction adjustments made to reflect the VM02 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, (ii) leases and (iii) for 2021, certain handset securitization transactions.
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