Telecom Italia S.p.a. · MIL:TIT
Telecom Italia — Telecom Italia S P A — Q1 2010 Earnings Presentation
18 slides from Telecom Italia's earnings presentation, May 6, 2010
Slide 1: EBITDA and EBITDA margin Q1 2010
EBITDA was €2,826 million , up €87 million (+3.2%) on the previous year period, the EBITDA margin rising from 42% of revenues in Q1 2009 to 43.6% in Q1 2010. In organic terms EBITDA remained substantially unchanged at €2,836 million (+0.1%), though 2.1 percentage points in proportion to revenues (43
Slide 2: EBIT, net income and capex
EBIT amounted to €1,408 million , up €54 million (+4.0%) from Q1 2009, with the EBIT margin standing at 21.7% (compared with 20.7% in Q1 2009). The organic EBIT variation was a positive €33 million (+2.4%) while organic EBIT margin rose 1.6 percentage points to reach 21.9% in Q1 2010 (20.3% in the s
Slide 3: Domestic revenues and fixed-line telecommunications
- Domestic revenues amounted to €4,974 million , down 7.1% (€5,357 million in Q1 2009) with an organic variation of -7.1%. The Services component alone shrank by 6.5%. Besides the breakdown by market segment given above, the following revenue figures are distinguished by technology (fixed-line/mobil
Slide 4: Consolidated Statements of Comprehensive Income
TELECOM ITALIA GROUP - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME According to IAS 1 ( Presentation of Financial Statements ) here below are presented the Consolidated Statements of Comprehensive Income, beginning with the Profit for the period, derived from the Separate Consolidated Income Sta
Slide 5: Consolidated Statements of Financial Position
TELECOM ITALIA GROUP – CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Slide 6: Consolidated Statements of Financial Position (assets)
(millions of euros) 9/31/2010, 12/31/2009 Change| 3) (o (ao ASSETS. NON-CURRENT ASSETS Intangible assets Goodwill 43,682, aag27 Intangible assets with a finite useful life 6,246 6,282 49,938 Tangible assets Property, plant and equipment owned 13,474 13,606 (232) ‘Assets held! under finance leases 12
Slide 7: Consolidated Statements of Cash Flows
TELECOM ITALIA GROUP – CONSOLIDATED STATEMENTS OF CASH FLOWS
Slide 8: Consolidated Statements of Cash Flows
Ast Quarter 1st Quarter {millions of euros) isa a Restated] {TASH FLOWS FROM OPERATING ACTIMITIES: Profit from continuing operations 08 50 Adjustments for: (Depreviation and amortization Tae FL Impairment losses {reversals} on non-current assets including investments) - 24 Net change in deferred tax
Slide 9: Consolidated Net Financial Debt
TELECOM ITALIA GROUP – CONSOLIDATED NET FINANCIAL DEBT
Slide 10: Information by Operating Segments
TELECOM ITALIA GROUP – INFORMATION BY OPERATING SEGMENTS
Slide 11: Domestic
DOMESTIC (millions of eures) Ast Quarter | 1st Quarter Changes absolute | % — | % organic Fevenues Ta7F SaeT B83 Tay Tay EBITD TART TEES 72 2 BO TRAE TRT PP Pe EIT Taee T58z er ST 2a EBT rare I 260 Esme Lapp Capital expendieares TEE Ba Tea BT Feadcount at periow-end (number) BODaS 159,567 Ta2a 0.2)
Slide 12: Domestic - Core Domestic segment
DOMESTIC — Gore Domest segment (ilions of eures) 4st Quarter | 1st Quarter Changes 288 2808 absolute | 9% | % organic ait OTe (36a Tay Tay neeruseD 2440 2.897 (257) (9.5) (9.5) Consumer 890 967 (77) (8.0) (6.0) Business 828 893 (6a) (7.2) (7.2) top 507 474 33 70 70 National Wholesale a8 av a nes. ne
Slide 13: Domestic - International Wholesale segment
DOMESTIC Intemational Wholesale segment (millions of eures) 4st Quarter | 4st Quarter Changes 28 2808 absolute % % organic Revenues TE 33a ay cy eT of which third parties: 285 Sit (26) (24) (74) EBITDA TH Ea ay 25 C3 ATT Wao TOOT Be EET aT ey Wea LO EBT rare 103 Tt ip W3lpe Capital expenditures To 2
Slide 14: Domestic revenues details fixed line / mobile
DOMESTIC Revenues details xed lines / mobile (rilions a euros) 5 ures 2080 45 querer 2009 | changes % MmeaEE Teal Fie Watley] oat Frets ones tat Frets re Consumer 2am 42064288 | Bes? ars «Lass eB) STO Business 330 ~«688~CA | ~CST~SC~C«AS~C«AB OY) C Top @29623~«aB |g SCSTa~C«n a) ad) ~~ National Whol
Slide 15: Brazil
BRAZIL (millions of eures) (millions of rests) Ast Quarter | Ast quarter | 1st quarter | st quarter — 2010 | "2009 “20t0 | 2008 i) is o to] Mae || tea) | eave oa) tae2| 20st gas 208 aes ai Teron 384 234 one so7_a62 =a. —2a2 EarTOA warn zal___217 1 atal 247 7m aan torr 6 oI 4o2| us) ave ° Ear rain a7
Slide 16: Reconciliation to Comparable EBITDA and EBIT
TELECOM ITALIA GROUP – RECONCILIATION TO COMPARABLE EBITDA AND EBIT
Slide 17: Debt Structure, Bond Issues and Expiring Bonds
TELECOM ITALIA GROUP - DEBT STRUCTURE, BOND ISSUES AND EXPIRING BONDS Revolving Credit Facility and Term Loan The composition and the drawdown of the syndacated committed credit lines available as of March 31, 2010 are represented by the Revolving Credit Facility for the total amount of 8 billion eu
Slide 18: Effects on Consolidated Financial Statements from Restatement Due to Errors
TELECOM ITALIA GROUP - EFFECTS ON THE CONSOLIDATED FINANCIAL STATEMENTS ARISING FROM THE RESTATEMENT DUE TO ERRORS The data for the first quarter 2009 have been restated in order to reflect the effects of the corrections of prior years’ errors – as defined under IAS 8 – which arose following the “Te