Telecom Italia — Telecom Italia S P A — H1 2008 Earnings Presentation

6 slides from Telecom Italia's earnings presentation, Aug 8, 2008

Slide 1: Telecom Italia Group – Consolidated Balance Sheets
TELECOM ITALIA GROUP – CONSOLIDATED BALANCE SHEETS
Slide 2: Consolidated Balance Sheets (continued, restated comparison note)
(1) For purposes of comparison with June 30, 2008, the figures at December 31, 2007 have been restated in order to consider the Liberty Surf group within discontinued operations.
Slide 3: Telecom Italia Group – Consolidated Cash Flow Statements
(1) For purposes of comparison with June 30, 2008, the figures at December 31, 2007 have been restated in order to consider the Liberty Surf group within discontinued operations. TELECOM ITALIA GROUP – CONSOLIDATED CASH FLOW STATEMENTS
Slide 4: Cash Flow Statements
(nitions of ro} 2008 2007 CASH FLOWS FROM OFERATING ACTINTES: Profit from continuing operations 1258 628 Alustnertste: Depreciation and amortization 2962 2798 bnpairment losses feersals} on non-curentassets froluding investnents) pies (103) Nevohanga in laferved tox aecete an tities (86) 925 Losses
Slide 5: Net Financial Debt
TELECOM ITALIA GROUP – CONSOLIDATED NET FINANCIAL DEBT
Slide 6: Telecom Italia Group – Debt Structure, Bond Issues and Expiring Bonds
1 st Half 2008 (a) - (3) - (290) 25 (265) 1 (264) 71 (1) (194) TELECOM ITALIA GROUP - DEBT STRUCTURE, BOND ISSUES AND EXPIRING BONDS In the first half 2008 the following bonds were regularly repaid: • “Telecom Italia Finance S.A. 5.875% due 2008”: on January 24, 2008 Telecom Italia Finance S.A. regu