Telecom Italia S.p.A. · MIL:TIT

Telecom Italia — FY2019 Earnings Presentation

14 slides from Telecom Italia's earnings presentation, March 2020

  1. Slide 1: Q4 '19 Financial and Operating Figures

    Q4 '19 Financial and Operating Figures IFRS 9/15 (comparable), IFRS 16 and "After Lease" view Index Disclaimer Key Financial Data P&L Group Balance Sheet Net Debt & Cashflow Working Capital Domestic Results Domestic Wireline TELECOM ITALIA INVESTOR RELATIONS Domestic Mobile investor_relations@teleco

  2. Slide 2: Disclaimer

    Disclaimer The financial and operating data have been extracted or derived, with the exception of some data, from the 2019 Annual Report of the TIM Group examined and approved by the TIM Board of Directors on 10 March 2020, which has been prepared in accordance with International Financial Reporting

  3. Slide 3: Key Financial Data

    Key Financial Data €m, IFRS 9/15 & After Lease view UNAUDITED FIGURES REPORTED ORGANIC (1) Change Change Q1 '18 Q2 '18 Q3 '18 Q4 '18 Change FY '18 Change Q1 '18 Q1 '19 Q2 '18 Q2 '19 Q3 '18 Q3 '19 Q4 '18 Q4 '19 FY '18 FY '19 comparabl Q1 '19 comparabl Q2 '19 comparabl Q3 '19 comparabl Q4 '19 comparab

  4. Slide 4: P&L Group

    P&L Group €m, IFRS 9/15 & IFRS 16 from January 1th, 2019 UNAUDITED FIGURES Change Q1 '19 IFRS H1 '19 IFRS 9M '19 FY '19 IFRS Q1 '18 H1 '18 9M '18 FY '18 Q1 '19 H1 '19 9M '19 FY '19 YoY% 16 16 IFRS 16 16 REVENUES 4,685 9,411 14,077 18,940 4,471 8,994 13,423 17,977 -5.1% 4,471 8,994 13,423 17,974 Othe

  5. Slide 5: Consolidated Balance Sheet

    Consolidated Balance Sheet UNAUDITED FIGURES €m, IFRS 9/15 & IFRS 16 from January 1th, 2019 Q1 '19 H1 '19 9M '19 FY' 19 FY '18 Q1 '19 H1 '19 9M '19 FY '19 IFRS 16 IFRS 16 IFRS 16 IFRS 16 CURRENT ASSETS 8,729 9,315 8,285 8,851 13,568 9,280 8,253 8,798 14,108 Trade and miscellaneous receivables and ot

  6. Slide 6: Net Cash Flow & Net Debt Dynamics

    Net Cash Flow & Net Debt Dynamics €m, IFRS 9/15 UNAUDITED FIGURES Q1 '18 H1 '18 9M '18 FY '18 Q1 '19 H1 '19 9M '19 FY '19 EBITDA 1,793 3,733 5,778 7,403 1,792 4,065 6,008 7,489 CAPEX (660) (1,597) (2,460) (6,408) (607) (1,481) (2,276) (3,784) o/w spectrum - - - (2,399) - - - - CHANGE IN WORKING CAPI

  7. Slide 7: Working Capital

    Working Capital €m UNAUDITED FIGURES TIM Group Domestic Brasil FY '18 FY '19 FY '18 FY '19 FY '18 FY '19 Operating WC & Other 1,082 (609) 1,096 184 4 (789) License 2,399 - 2,399 - - - License paid in the year (513) (18) (477) (18) (36) - Non recurring items (not paid) 408 71 408 696 (1) (625) Recurr

  8. Slide 8: Domestic Results - Reported Figures

    Domestic Results - Reported Figures €m, IFRS 9/15 UNAUDITED FIGURES Change Change Q1 '18 Q2 '18 Q3 '18 Q4 '18 FY '18 Q1 '19 Q2 '19 Q3 '19 Q4 '19 FY '19 YoY % YoY % REVENUES 3,657 3,766 3,759 3,849 15,031 3,502 3,567 3,454 3,558 -7.6% 14,081 -6.3% Services 3,294 3,354 3,397 3,307 13,352 3,155 3,231 3

  9. Slide 9: Domestic Wireline - Reported Figures

    Domestic Wireline - Reported Figures €m, IFRS 9/15 UNAUDITED FIGURES Q1 '18 Q2 '18 Q3 '18 Q4 '18 FY '18 Q1 '19 Q2 '19 Q3 '19 Q4 '19 FY '19 KPIs D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy ACCESS LINES ('000) Retail 10,845 -3.4% 10,644 -4.8% 10,450 -6.2% 10,149 -8.

  10. Slide 10: Legenda

    Legenda ITED FIGURES Wireline - KPIs ACCESS LINES Retail Fixed line physical accesses, including both voice and broadband (xDSL, FTTx) VoIP included Included in the counting also multiple VoIP lines on a single physical access line Broadband All active broadband lines, including xDSL and FTTx Consum

  11. Slide 11: Domestic Mobile - Reported Figures

    Domestic Mobile - Reported Figures €m, IFRS 9/15 UNAUDITED FIGURES Q1 '18 Q2 '18 Q3 '18 Q4 '18 FY '18 Q1 '19 Q2 '19 Q3 '19 Q4 '19 FY '19 MOBILE KPIs D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy ACCESS LINES ('000) Total number of lines 31,036 5.5% 31,629 5.6% 31,99

  12. Slide 12: Legenda

    Legenda FIGURES Mobile KPIs ACCESS LINES Total number of lines Total mobile customer base, human and not human ('000) Human Total nr. of human lines Not Human (M2M) Total nr. of not human lines, including machine to machine and data-only SIMs (eg. for tablets) Calling lines Nr. of active lines (call

  13. Slide 13: TIM Brasil Results - Reported Figures

    TIM Brasil Results - Reported Figures R$m, IFRS 9/15 UNAUDITED FIGURES Q1 '18 Q2 '18 Q3 '18 Q4 '18 FY '18 Q1 '19 Q2 '19 Q3 '19 Q4 '19 FY '19 KPI's - Mobile only D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy D % yoy (1) Total Penetration 113.5% 113.2% 112.4% 109.9% 109.9% 99

  14. Slide 14: Reported & Organic Figures: YoY trends

    Reported & Organic Figures: YoY trends €m UNAUDITED FIGURES Q4 '18 Q4 '19 Non Organic elements Δ% yoy Δ% yoy Non Non Reported Change in Organic Reported Organic reported organic (1) Exchange recurring recurring Figures consolid. figures (*) Figures figures (*) rate impact items items area REVENUES 4

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