Telecom Italia S.p.A. · MIL:TIT
Telecom Italia — Q1 2016 Earnings Presentation
11 slides from Telecom Italia's earnings presentation, 2016
Slide 1: 1Q'16 Financial and operating data
1Q'16 Financial and operating data Index click on the links below Disclaimer P&L Group Q Key Financial data by BU quarter Net Debt & Cashflow Balance Sheet Domestic Business Results TELECOM ITALIA INVESTOR RELATIONS Domestic Wireline Results Domestic Mobile Results investor_relations@telecomitalia.i
Slide 2: Disclaimer
Disclaimer The financial and operating data have been extracted or derived, with the exception of some data, from the Condensed Consolidated Financial Statements as of and for the three months ended 31 March 2016 which have been prepared in accordance with International Financial Reporting Standards
Slide 3: P&L Group
P&L Group Revised UNAUDITED FIGURES € mln 1Q15 1Q16 REVENUES 5,054 4,440 Other Income 53 47 TOTAL OPERATING REVENUES AND OTHER INCOME 5,107 4,487 Acquisition of goods and services (2,171) (1,923) Employee benefits expenses (833) (848) Other operating expenses (265) (247) Internally generated assests
Slide 4: Key financial data by Business Unit
Key financial data by Business Unit Revised UNAUDITED FIGURES REVENUES (€ mln) 1Q15 1Q16 Domestic 3,631 3,548 o/w Wireline Domestic 2,657 2,553 o/w Mobile Domestic 1,151 1,186 Brasile 1,412 897 Other activities & Elim. 11 (5) TI Group 5,054 4,440 EBITDA Reported (€ mln) Domestic 1,610 1,461 Brasile
Slide 5: Net Cash Flow & Net Debt Dynamics
Net Cash Flow & Net Debt Dynamics Revised UNAUDITED FIGURES 1Q15 1Q16 (€ mln) EBITDA 2,033 1,712 CAPEX (964) (944) Change in net operating working capital: (1,502) (750) Change in inventories (40) (87) Change in trade receivables and net amounts due from (345) 30 customers on construction contracts
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet Revised UNAUDITED FIGURES € mln FY15 1Q16 ASSETS NON-CURRENT ASSETS Intangible assets Goodwill 29,383 29,436 Intangible assets with a finite useful life 6,480 6,516 35,863 35,952 Tangible assets Property, plant and equipment owned 12,659 12,816 Assets held under finance le
Slide 7: Domestic Business Results - Reported Figures
Domestic Business Results - Reported Figures UNAUDITED FIGURES 1Q15 Δ% yoy 2Q15 Δ% yoy 3Q15 Δ% yoy 4Q15 Δ% yoy FY15 Δ% yoy 1Q16 Δ% yoy KPI's ('000) Wireline Physical accesses 12,283 -5.7% 12,080 -5.8% 11,907 -5.9% 11,742 -5.9% 11,742 -5.9% 11,602 -5.5% Broadband (retail+wholesale) 8,784 0.3% 8,821 0
Slide 8: Domestic Wireline Results - Reported Figures
Domestic Wireline Results - Reported Figures UNAUDITED FIGURES 1Q15 Δ% yoy 2Q15 Δ% yoy 3Q15 Δ% yoy 4Q15 Δ% yoy FY15 Δ% yoy 1Q16 Δ% yoy KPI's Physical accesses ('000) 12,283 -5.7% 12,080 -5.8% 11,907 -5.9% 11,742 -5.9% 11,742 -5.9% 11,602 -5.5% OLO Access (on TI infrastructure) 7,297 1.2% 7,375 1.6%
Slide 9: Domestic Mobile Results - Reported Figures
Domestic Mobile Results - Reported Figures UNAUDITED FIGURES 1Q15 Δ% yoy 2Q15 Δ% yoy 3Q15 Δ% yoy 4Q15 Δ% yoy FY15 Δ% yoy 1Q16 Δ% yoy KPI's Total number of lines ('000) (1) 30,140 -2.8% 30,075 -1.9% 30,023 -1.2% 30,007 -1.1% 30,007 -1.1% 29,846 -1.0% Churn Rate % 6.4% 0.3pp 5.5% -0.4pp 5.8% -0.5pp 5.
Slide 10: TIM Brasil Results - Reported Figures
TIM Brasil Results - Reported Figures Revised UNAUDITED FIGURES 1Q15 1Q16 Δ% yoy KPI's - Mobile only Estimated Total Penetration (%) (1) 139.0% 125.4% Market Share on total lines(%) (1) 26.7% 26.1% -0.6pp Total Lines ('000) (1) (2) 75,749 67,269 -11.2% TOTAL ARPU (3) 16.7 17.2 3.0% TOTAL MOU net of
Slide 11: 1Q'16 Reported & Organic Figures: YoY trends
1Q'16 Reported & Organic Figures: YoY trends Revised UNAUDITED FIGURES 1Q'16 Δ% yoy reported Δ% yoy organic 1Q'15 Reported Figures (a) Non Organic elements (b) Organic figures (c=a+b) Reported figures (d) (d/a-1) (d/c-1) € mln Change in consolid. Exchange rate impact area REVENUES REVENUES Domestic