Company Guidance

Notes: 1) 39.1% reported 2024 EBITDA margin, which included the insurance income and donation expense related to February 2023 earthquakes, would have been 37.7% if we excluded the one-off net positive impact of those items. It is important to note that we had formed our guidance in early 2024 inclusive of both items. Still, the basis for comparison to 2025 EBITDA margin guidance should be 37.7%, excluding the non-recurring one-off items. With that, 2025 guidance points to 30-230 bps YoY improvement. 2) We assumed mid-to-high twenties inflation rate by the end of 2025. 3) Capex guidance excludes potential spending for the solar investments, 5G tender, concession renewal and license fees.

2025 guidance expectations represent approximate values.