Liberty Global Results Presentation Deck
YTD 2023: ADJUSTED FCF & DISTRIBUTABLE CF
$m
ADJUSTED EBITDA
P&E ADDITIONS
ADJUSTED EBITDA LESS P&E
ADDITIONS
NET INTEREST
CASH TAX
VMO2 JV (DIVIDEND)
VODAFONEZIGGO JV (DIVIDEND
& INTEREST)
WORKING CAPITAL (5)
ADJUSTED FCF
OTHER AFFILIATE DIVIDENDS (6)
DISTRIBUTABLE CF (6)
IRELAND
$89
(85)
$4
(20)
$(16)
$(16)
$(16)
BELGIUM
$649
(335)
$314
(92)
(91)
$131
(18)
$113
$113
SWITZERLAND
$550
(271)
$279
(110)
(1)
$168
83
$251
$251
CENTRAL (1)
$(62)
(52)
$(114)
56
(83)
27
$(114)
(84)
$(198)
404
$206
LIBERTY
GLOBAL
$1,226
(743)
$483
(166)
(175)
27
$169
(19)
$150
404
$554
50-50
VODAFONEZIGGO
JV
(2,3)
$956
(507)
$449
(225)
(144)
$80
(88)
$(8)
$(8)
50-50
VMO2 JV
IFRS BASIS
(2,3,4)
$2,379
(1,374)
$1,005
(569)
(1)
$435
(794)
$(359)
$(359)
Includes the results of Slovakia and Egg and the impact of intersegment eliminations.
(2)
Represents 100% of the results of our non-consolidated 50-50 VodafoneZiggo JV and VMO2 JV, respectively.
(3)
Adjusted EBITDA for the VodafoneZiggo JV and VMO2 JV as shown in the table above includes $55 million and $137 million, respectively, of FSA charges from Liberty Global with the corresponding amount recognized within our Central segment.
(4) VMO2 JV results presented on an IFRS basis which are not comparable to US GAAP results. VMO2 Adjusted EBITDA represents Transaction Adjusted IFRS Adjusted EBITDA. See the Appendix for definitions and reconciliations.
Includes working capital, operational finance (vendor finance) and restructuring. 50-50 VodafoneZiggo JV figure excludes the interest paid on loans to shareholders.
(6)
We define Distributable Cash Flow as Adjusted FCF plus any dividends received from our equity affiliates that are funded by activities outside of their normal course of operations, including, for example, those funded by recapitalizations (referred to as "Other Affiliate Dividends"). YTD 2023 Other
Affiliate Dividends includes $404 million of dividends from the VMO2 JV.
16
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