Carlos Sequeira's questions to America Movil SAB de CV (AMX) leadership • Q3 2024
Question
Carlos Sequeira of BTG Pactual noted that leverage is at the bottom of the company's target range and asked if there was any reason not to return the projected $5 billion in 2025 free cash flow to shareholders.
Answer
Executive Carlos Jose Garcia Moreno Elizondo affirmed that the company's leverage ratio is at 1.34x, the low end of their stated 1.35x to 1.5x target band from the Investor Day. He stated they do not intend to reduce leverage much further, strongly implying that returning capital to shareholders would be a priority.