Telecom Italia S.p.a. · MIL:TIT

Telecom Italia — H1 2003 Earnings Presentation

7 slides from Telecom Italia's earnings presentation, Sep 2, 2003

  1. Slide 1: Consolidated statements of income

    — SS TELECOM Consolidated statements of income a ver om 2003(t) | 2002 e) | 20020) oo (lions of eu) fa tt Taasunt| A. SALES AND SERVICE REVENUES re er ee a Changes in inertois of ork proses, -samifnihed and fished goods 7 c a 4 Changes in iwertoryfcontract workin proses 2| 4 lg om Ireeasesin cptalze

  2. Slide 2: Consolidated balance sheets

    aw TELECOM Consolidated balance sheets anaes | 1221.2002| 20202 a r= pe | anna ilione of eure fa) fe) es) ®. INTANGIBLES, FINED ASSETS AND LONG TERMINVESTMIENTS Intangible assets: . sips] zra77] sone] + other intangible assets Ce Fixed aeets ss7m| tae 20825 a Long-term investments: + aquiyinvestment

  3. Slide 3: Consolidated statements of cash flows

    —w == TELECOM Consolidated statements of cash flows Tre) re Tear illo of er zoos) | zooatty | zone py NET DEBT AT SEGHNING OF PERIOD (eceT EES 138582 Cperaina income (oss) forthe period 328 2.987] 6.064 Deprecaton of fred assets famorizatinofitanabl assets 3a 58] 7227 Investment in fred asses and in

  4. Slide 4: Statements of income of Telecom Italia S.p.A.

    — SS TELECOM Statements of income of Telecom alia S.p.A. Tra aa Ter . an | 2002 restated oe 2003) 2002 (4 tap") (ions of ure) fa fe) ac A. SALES AND SERVICE REVENUES sn 8.] wos] os) (Changes inimertoryofeortract work in process 2| @ f | Increases in capitalized intemal constucion costs 2] 7 nf fom O

  5. Slide 5: Balance sheets of Telecom Italia S.p.A.

    ==S TELECOM Balance sheets of Telecom Halla §.p.8

  6. Slide 6: Statements of cash flows of Telecom Italia S.p.A.

    ——e Sse Statements of cash flows of Telecom Italia S.p.A. Halt (milion of eure) 2003 (9 NET DEBT AT BEGINNING OF PERIOD (30.622) Net debt at beginning of period of merged company TiLab (169) B._ ADJUSTED NET DEBT AT BEGINNING OF PERIOD Gaz90) Operating income (loss) for the period 2.084 Depreciation

  7. Slide 7: Cautionary Statement for Purposes of the Safe Harbor Provision

    Cautionary Statement for Purposes of the "Safe Harbor" Provision of the United States Private Securities Litigation Reform Act of 1995. The Private Securities Litigation reform Act of 1995 provides a "safe harbor" for forward-looking statements. The Press Release included in this Form 6-K contains c

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