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Rodrigo Wright

Investor Relations

Email

rodrigo.wright@maxcom.com>

Fundamentals

Comprehensive Income

(Ps. Million) 1Q 20211 4Q 20201 3Q 20201 2Q 20201 20201
Total revenues 193 213 219 230 908
Gross profit 85 117 117 117 476
EBITDA 2 26 60 60 50 228
LTM EBITDA 2 196 228 226 215 228
Operating income (loss) (65) (126) (29) (61) (266)
Net income (loss) (141) (33) (46) (74) (522)

Financial Position

(Ps. Million) 1Q 20211 4Q 20201 3Q 20201 2Q 20201 20201
Total assets 2,915 2,938 3,134 3,250 2,938
Cash and financial instruments 3 59 62 78 101 62
Financial liabilities4 1,184 1,147 1,289 1,319 1,147
Total liabilities 2,248 2,129 2,281 2,353 2,129
Total shareholders’ equity 668 809 853 897 809

Cash Flow

(Ps. Million) 1Q 20211 4Q 20201 3Q 20201 2Q 20201 20201
Operating activities 49 13 23 (2) 123
Investing activities (23) (9) (21) (16) (266)
Financing activities (29) (20) (24) (30) (107)
Cash generated in the period (3) (16) (22) (48) (250)

Operating ratios5

1Q 20211 4Q 20201 3Q 20201 2Q 20201 20201
EBITDA / Total revenues 13.41% 28.20% 27.40% 22.00% 25.10%
Operating income (loss)/ Total revenues (33.63%) (59.20%) (13.24%) (26.51%) (29.30%)
Net income (loss) / Total revenues (73.02%) (15.50%) (21.00%) (31.98%) (57.50%)

Liquidity Ratios5

1Q 20211 4Q 20201 3Q 20201 2Q 20201 20201
Current assets / Current liabilities (x) 0.54 0.52 0.61 0.72 0.47
(Current assets - Inventory) / Current liabilities (x) 0.47 0.52 0.61 0.72 0.47
Current assets / Total liabilities (x) 0.11 0.09 0.10 0.13 0.09

Leverage Ratios5

1Q 20211 4Q 20201 3Q 20201 2Q 20201 20201
Net debt6/LTM EBITDA (x) 5.73 4.76 5.36 8.07 4.76
Long-term liabilities / Shareholers’ equity (x) 2.67 2.13 2.15 2.07 2.13
Total liabilities / Total assets (%) 77.10% 72.50% 72.80% 72.40% 72.50%
Total liabilities/ Shareholers equity (x) 3.37 2.63 2.67 2.62 2.63

1 Data from interim financial statements

2 EBITDA equals Operating income (loss) plus depreciation, amortization, impairment charges and other (income) expenses

3 Includes long-term restricted cash

4 The Financial liabilities item is presented at fair value as indicated in audited financial statement

5 Calculations based on proprietary methodology that may differ from estimates produced using other methodologies

6 Equivalent to Financial liabilities less Cash and financial instruments

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