Liberty Global Results Presentation Deck
INFLATION AND MACRO UPDATE: INFLATION HAS A NUMBER OF
IMPACTS ON COSTS BUT INCREASINGLY PRICE RISES ARE INFLATION-LINKED
> Overall energy Opex(1) low single digit % and >50% hedged for 2022
> Some unhedged exposure at VMO2, VZ and TNET
Wages
> Macro factors driving further tightening of supply chains.
> Leveraging scale to reduce impact
Guidance
> Impacts differ by market, only BE directly inflation-linked
> Wage increases largely agreed for 2022
Energy
(1) Opex is defined as Revenue less Adjusted EBITDA
Supply
Chain
> Absorbing inflationary impact to-date
> Material synergy opportunity remains in UK and CH
March 2022
UK Fixed Price Rise
+6.5%
April 2022
UK Mobile Price Rise
+c.9%
May 2022
BE Price Rise
+4.7%
July 2022
NL Fixed Price Rise
+3.5%
CH - No price rise to date
Low inflationary pressures
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