TIM S.A. (TIMB) Q4 2023 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Tim S.a..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.636 Hello everyone and welcome to TSA's Earnings Conference for the fourth quarter and full 00:00:04.636 -- 00:00:10.082 year 2023. Thank you for joining us. I'm Vicente Ferreira, Head of Investor Relations. 00:00:10.082 -- 00:00:15.127 Today we'll share our highlights on video and then we'll begin our live Q&A session 00:00:15.127 -- 00:00:19.612 with our CEO, Alberto Grizzelli, and our CFO, Andrea Viegas. 00:00:19.612 -- 00:00:24.777 Before we can discuss our results and new guidance, I remind you that management 00:00:24.777 -- 00:00:29.562 may make, and this presentation may contain, forward-looking statements. 00:00:29.562 -- 00:00:34.458 So, please refer to the disclaimer on the screen, which will also be available in our 00:00:34.458 -- 00:00:37.809 earnings materials and our investor relations website. 00:00:37.809 -- 00:00:41.254 With that, we move to our results. 00:00:43.045 -- 00:00:46.610 Hi to everyone. I'm Alberto Griselli, CEO of Team in Brazil. 00:00:46.610 -- 00:00:51.858 I'm very pleased that 2023 was an outstanding year with great achievements and record 00:00:51.858 -- 00:00:56.525 high results. As we explained during our investor day in November, the Brazilian mobile 00:00:56.525 -- 00:01:00.832 market is healthier than ever, supporting a more formal strategy. 00:01:00.832 -- 00:01:06.018 New market dynamics and favorable demand are driving our results to improve 00:01:06.018 -- 00:01:11.543 across the board. Our service revenues grew in 2023 10.7% year-on-year, 00:01:12.106 -- 00:01:17.112 totaling more than 23 billion reais. With costs under control, our EBITDA grew 00:01:17.112 -- 00:01:22.178 more than 14% to reach the highest number in our history, 00:01:22.178 -- 00:01:27.467 11.7 billion reais. In this cont...