Telecom Italia S.p.a. · MIL:TIT
Telecom Italia — Q4 2018 Earnings Presentation
17 slides from Telecom Italia's earnings presentation, 2019
Slide 1: 4Q'18 Financial and Operating Figures
4Q'18 Financial and Operating Figures Index Disclaimer Key financial data by Business Unit Key financial data by Quarter P&L Group Balance Sheet Net Debt & Cashflow Working Capital Domestic Business Results Domestic Wireline TELECOM ITALIA INVESTOR RELATIONS Domestic Mobile investor_relations@teleco
Slide 2: Disclaimer
Disclaimer The financial and operating data have been extracted or derived, with the exception of some data, from the 2018 Annual Report of the TIM Group examined and approved by the TIM Board of Directors on 21 February 2019, which has been prepared in accordance with International Financial Report
Slide 3: Key financial data by Business Unit
Key financial data by Business Unit UNAUDITED FIGURES € mln FY18 FY17 1Q18 1H18 9M18 FY18 IFRS 9/15 REVENUES Reported Domestic 15,354 3,709 7,518 11,311 15,185 15,031 Brasile 4,502 1,037 2,007 2,929 3,959 3,943 Other activities & Elim. (28) (4) (13) (23) (35) (34) TI Group 19,828 4,742 9,512 14,217
Slide 4: Key BU financial data by Quarter
Key BU financial data by Quarter € mln UNAUDITED FIGURES 4Q18 4Q17 1Q18 2Q18 3Q18 4Q18 IFRS 9/15 REVENUES Reported Domestic 4,042 3,709 3,809 3,793 3,874 3,849 Brasile 1,113 1,037 970 922 1,030 1,025 Other activities & Elim. (6) (4) (9) (10) (12) (11) TI Group 5,149 4,742 4,770 4,705 4,892 4,863 REV
Slide 5: P&L Group
P&L Group UNAUDITED FIGURES € mln FY18 FY17 1Q18 1H18 9M18 FY18 IFRS 9/15 REVENUES 19,828 4,742 9,512 14,217 19,109 18,940 Other Income 523 57 144 200 341 341 TOTAL OPERATING REVENUES AND OTHER INCOME 20,351 4,799 9,656 14,417 19,450 19,281 Acquisition of goods and services (8,388) (1,969) (3,922) (
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet UNAUDITED FIGURES € mln FY18 FY17 FY18 IFRS 9/15 ASSETS NON-CURRENT ASSETS Intangible assets Goodwill 29,462 26,769 26,769 Intangible assets with a finite useful life 7,192 9,002 8,889 36,654 35,771 35,658 Tangible assets Property, plant and equipment owned 14,216 14,251 1
Slide 7: Consolidated Balance Sheet
Consolidated Balance Sheet UNAUDITED FIGURES € mln FY18 FY17 FY18 IFRS 9/15 EQUITY AND LIABILITIES EQUITY Equity attributable to equity holders of the Parent 21,557 19,716 19,528 Equity attributable to Minority Interests 2,226 2,225 2,219 TOTAL EQUITY (C) 23,783 21,941 21,747 NON-CURRENT LIABILITIES
Slide 8: Net Cash Flow & Net Debt Dynamics
Net Cash Flow & Net Debt Dynamics UNAUDITED FIGURES € mln FY18 FY17 FY18 IFRS 9/15 EBITDA 7,790 7,713 7,403 CAPEX (5,701) (6,558) (6,408) o/w spectrum (630) (2,399) (1) CHANGE IN WORKING CAPITAL 407 922 1,082 Net operating Free Cash Flow 2,496 2,077 2,077 Cash Taxes (1,113) (739) (739) Financial Exp
Slide 9: Working Capital
Working Capital UNAUDITED FIGURES € mln TIM Group Domestic Brasil FY17 FY18 FY17 FY18 FY17 FY18 Operating WC & Other 407 922 573 946 (188) (6) 5G License - (2,399) - (2,399) - - 5G License paid in the year 257 513 - 477 257 36 Non recurring items (not paid) (883) (408) (883) (408) - - Recurring Oper
Slide 10: Domestic Business Results - Reported Figures
Domestic Business Results - Reported Figures UNAUDITED FIGURES € mln FY18 4Q17 FY17 1Q18 2Q18 3Q18 4Q18 FY18 IFRS 9/15 D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy REVENUES 4,042 1.8% 15,354 2.3% 3,709 1.7% 3,809 -1.0% 3,793 -0.7% 3,874 -4.2% 15,185 -1.1% 15,031 Services 3,607 2.1% 14,000
Slide 11: Domestic Wireline Results - Reported Figures
Domestic Wireline Results - Reported Figures UNAUDITED FIGURES 4Q17 FY17 1Q18 2Q18 3Q18 4Q18 FY18 KPIs ('000) D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy Retail - physical accesses 11,044 -2.1% 11,044 -2.1% 10,845 -3.4% 10,644 -4.8% 10,450 -6.2% 10,149 -8.1% 10,149 -8.1% Retail - accesse
Slide 12: Legenda
Legenda Wireline - KPIs Retail - physical accesses Fixed line physical accesses, including both voice and broadband (xDSL, FTTx) Retail - accesses including VoIP Included in the counting also multiple VoIP lines on a single physical access line Retail - broadband All active broadband lines, includin
Slide 13: Domestic Mobile Results - Reported Figures
Domestic Mobile Results - Reported Figures UNAUDITED FIGURES 4Q17 FY17 1Q18 2Q18 3Q18 4Q18 FY18 KPIs D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy Total number of lines ('000) 30,755 3.8% 30,755 3.8% 31,036 5.5% 31,629 5.6% 31,994 5.6% 31,818 3.5% 31,818 3.5% o/w Calling 26,992 5.2% 26,992
Slide 14: Legenda
Legenda Mobile KPIs Total number of lines Total mobile customer base, human and not human ('000) o/w Calling Nr. of active lines (calling at least once within the last month of the reported quarter) Human lines Total nr. of human lines o/w Human Calling Nr. of human active lines (calling at least on
Slide 15: TIM Brasil Results - Reported Figures
TIM Brasil Results - Reported Figures Reais mln 4Q17 FY17 1Q18 2Q18 3Q18 4Q18 FY18 KPI's - Mobile only D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy Estimated Total Penetration (%) 113.5% 113.5% 113.8% 113.2% 112.6% 111.7% 111.7% Market Share on total lines(%) 24.8% -1.2pp 24.8% -1.2pp 24.
Slide 16: Reported & Organic Figures: YoY trends
Reported & Organic Figures: YoY trends UNAUDITED FIGURES € mln 4Q17 4Q18 Δ% yoy Δ% yoy Non Organic elements Non Non Reported Organic Reported Organic reported organic (*) recurring recurring Figures Change in Exchange rate figures (*) Figures figures (*) items items consolid. area impact REVENUES Do
Slide 17: Non linear items
Non linear items UNAUDITED FIGURES Organic data FY'17 FY'18 D D YoY 4Q17 4Q18 D D YoY € mln Domestic EBITDA organic 7,050 6,629 (421) -6.0% 1,778 1,544 (234) -13.2% Non-linear items (216) (21) 195 (71) 34 105 Liability reversal (one-off) (112) 112 (45) 45 Vendor rebates (104) (21) 83 (26) 26 Account
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