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VIVO - Apresentation of 1st Quarter 2009 Results

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Apresentation of 1st Quarter 2009 Results

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VIVO - Apresentation of 1st Quarter 2009 Results

  1. 1. RESULTS 1Q09 Vivo Participações S.A. May 08, 2009.
  2. 2. HIGHLIGHTS – Brazilian Corporate Law R$ billion 1Q09 1Q08* Δ% Net Service Revenue 3.7 3.0 21.4% Expenses (2.8) (2.4) 18.8% Ebitda 1.2 1.0 25.2% Ebitda Margin 29.9% 28.9% 1.0 p.p. Ebit 0.4 0.3 34.5% Net Results – R$ million 123.5 97.6 26.5% *Excluding Telemig.
  3. 3. HIGHLIGHTS - Combined R$ billion 1Q09 1Q08* Δ% Net Service Revenue 3.7 3.3 9.6% Expenses (2.8) (2.6) 7.6% Ebitda 1.2 1.1 13.0% Ebitda Margin 29.9% 28.9% 1.0 p.p. Ebit 0.4 0.3 16.0% *Excluding the extraordinary effects of recovery of ICMS tax occurred in Telemig in 1Q08.
  4. 4. OPERATION IN THE NORTHEASTthan 440 More thousand customers until the end of 1Q09 Beggining of Customers Municipalities operations covered Ceará Oct/15/08 171.8 20 Pernambuco Oct/16/08 224.4 20 Paraíba Feb/05/09 24.1 7 Alagoas Feb/06/09 12.9 4 Rio Grande do Norte Mar/19/09 6.7 6 Piauí Apr/16/09 2
  5. 5. AGENDA Operational Performance Financial Performance
  6. 6. AGENDA Operational Performance
  7. 7. COMMERCIAL Nationwide market leader PERFORMANCE Market Share: 29.7% in Brazil thousand Revenue Share**: 33% CUSTOMERS GSM + WCDMA: 73.1% of our customer base Recharge Volume in R$: +19% YoY + 7,332 + 696 44,945 45,641 38,309 Pre Paid Post Paid * Combined with Telemig. **Estimated.
  8. 8. SAC Blended + 10.2% + 31.1% 97 88 74 Improved customer mix Exchange devaluation *Combined with Telemig.
  9. 9. ARPU TREND - 8.5% - 7.2% MAIN CAMPAIGNS 29.5 29.1 27.0 * Combined with Telemig.
  10. 10. MOU AND TRAFFIC TRENDS MOU VOICE TRAFFIC Million of minutes - 0.3% + 18.6% - 9.4% - 6.1% 85 11,107 77 77 10,427 8,792 Outgoing Outgoing Incoming Incoming * Combined with Telemig.
  11. 11. AGENDA Financial Performance Desempenho Financeiro
  12. 12. NET SERVICE Data + VAS Revenue REVENUE 12.1% of Net Service Revenue 29% YoY growth R$ million + 9.6% - 3.1% 3,789 3,670 + 29.0% 3,347 + 16.6% 443 379 343 Others Network usage WAP + Internet 3G + E-mailing Data and VAS Access and usage Others SMS + MMS * Combined with Telemig.
  13. 13. OPERATING EXPENSES** R$ million * Combined with Telemig. **Excluding depreciation.
  14. 14. EBITDA AND MARGIN R$ million BALANCE BETWEEN SALES AND PROFITABILITY Revenue YoY 9.6% + 1.0 p.p. Costs YoY 7.6% Ebitda YoY 13.0% *Combined with Telemig and excluding the extraordinary effects of recovery of ICMS tax occurred in Telemig in 1Q08.
  15. 15. CASH FLOW AND EBIT R$ million CASH FLOW EBIT *Combined with Telemig and excluding the extraordinary effects of recovery of ICMS tax occurred in Telemig in 1Q08.
  16. 16. NET RESULTS R$ million * Brazilian Corporate Law.
  17. 17. FINANCIAL RESULTS, GROSS DEBT AND NET DEBT R$ million FINANCIAL RESULTS** GROSS DEBT NET DEBT + 55.2% - 3.6% + 150.3% 8,003.1 7,713.1 + 5.2% 55% 55% 4,969.5 35% 45% 45% *Combined with Telemig. **Excluding the extraordinary effects of recovery of ICMS tax occurred in Telemig in 1Q08.
  18. 18. CAPEX R$ million % Capex/Net Revenue 1,319.8 MAIN INVESTMENTS 541.3 Increase GSM network capacity 268.8 Increase WCDMA (3G) coverage R$ million 1Q08* 4Q08 1Q09 Network 138.4 978.4 375.9 Technology 42.6 109.8 53.7 Licenses - 74.8 - Others 87.8 156.8 111.7 * Combined with Telemig.
  19. 19. DISCLAIMER This presentation may contain forward-looking statements concerning future prospects and objectives regarding growth of the subscriber base, a breakdown of the various services to be offered and their respective results. The exclusive purpose of such statements is to indicate how we intend to expand our business and they should therefore not be regarded as guarantees of future performance. Our actual results may differ materially from those contained in such forward-looking statements, due to a variety of factors, including Brazilian political and economic factors, the development of competitive technologies, access to the capital required to achieve those results, and the emergence of strong competition in the markets in which we operate.

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