EVENT

# CALL INVITE # Client Call with Millicom CFO Bart Vanhaeren

Date and Time
June 20, 2025 — 10am EST / 3pm UK
Location
Virtual

We will be hosting a virtual meeting for NSR clients with Millicom CFO, Bart Vanhaeren and Head of IR, Michel Morin on Friday 20th of June. Format will be a small group, with the focus on Q&A.

Millicom has done a tremendous job on improving cash flow from existing businesses and on improving shareholder remuneration. We are confident they will hit the $750m EFCF guide this year and the potentially transformational deal in Colombia - if approved -  could take EFCF to $1bn around 2029 (ex the recent deal in Uruguay). This call will be a great opportunity to touch on the latest developments for the company (competition, macro); we will also discuss M&A (Colombia, Costa Rica, Uruguay) and potential for improved shareholder remuneration. Despite performing very well over the past couple of years we still see a compelling upside potential for the shares. ​​​​​​​​​​