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RESULTS
  2Q09




    Vivo Participações S.A.
    July 29, 2009
         29
HIGHLIGHTS
R$ billion




                                         2Q09 2Q08           Δ%

             Net Service Revenu...
TELEMIG                     The operation was
                         approved at the General
                         Sh...
Operational Performance
COMMERCIAL
PERFORMANCE                                    Nationwide market leader
                                       ...
SAC Blended

              - 3.5%

                     - 14.4%

                97
     86                        83
    ...
ARPU TREND

                                - 8.7%

                                           - 2.6%


 MAIN CAMPAIGNS
  ...
MOU AND TRAFFIC TRENDS
             MOU                         VOICE TRAFFIC
                                       Milli...
Financial Performance
NET SERVICE                                                              Data + VAS Revenue

REVENUE                      ...
OPERATING
 EXPENSES*
  R$ million




                                                                       888
       Se...
EBITDA AND MARGIN
R$ million




    BALANCE BETWEEN SALES                                            29,9%               ...
CASH FLOW
AND EBIT
R$ million




             CASH FLOW                     EBIT

                                 1.010,...
NET RESULTS
R$ million




                         172,4

                 123,5




         2Q08

                 1Q09...
FINANCIAL RESULT,
                ,
GROSS DEBT AND NET DEBT
R$ million




FINANCIAL RESULT                 GROSS DEBT    ...
CAPEX
R$ million


                                % Capex/Net Revenue
                                             1,558....
DISCLOSURE


   This presentation may contain forward-looking
   statements concerning future prospects and objectives
   ...
VIVO - Apresentation of 2nd Quarter 2009 Results
VIVO - Apresentation of 2nd Quarter 2009 Results
VIVO - Apresentation of 2nd Quarter 2009 Results
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VIVO - Apresentation of 2nd Quarter 2009 Results

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VIVO - Apresentation of 2nd Quarter 2009 Results

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VIVO - Apresentation of 2nd Quarter 2009 Results

  1. 1. RESULTS 2Q09 Vivo Participações S.A. July 29, 2009 29
  2. 2. HIGHLIGHTS R$ billion 2Q09 2Q08 Δ% Net Service Revenue 3.6 3.4 7.1% Expenses (2.7) (2.9) -7.2% Ebitda 1.2 0.8 42.3% Ebitda Margin 30.4% 22.2% 30 4% 22 2% 8.2 p.p. 82pp Ebit 0.4 0.1 258.0% Net Results* – R$ million 172.4 (63.9) n.d. * Brazilian Corporate Law.
  3. 3. TELEMIG The operation was approved at the General Shareholders’ Meeting of June 27th. Next Steps Jul 29 Beginning of the withdrawal right period; Aug 28 Last day for exercising the withdrawal right; Last da for trading Telemig Cel lar and Telemig Cel lar day Celular Celular Sep 04 Participações shares; Sep 08 Beginning of the payments to the transaction dissidents; Sep 08 Beginning of the shares trading under Vivo's ticker;
  4. 4. Operational Performance
  5. 5. COMMERCIAL PERFORMANCE Nationwide market leader Market Share: 29.3% in Brazil thousand GSM + WCDMA: 77% of our customer base CUSTOMERS + 6,384 + 1,178 RECHARGE POINTS , 45,641 46,819 40,435 8.794 9.044 541 539 7.745 487 36.847 37.775 32.690 2Q08 1Q09 2Q09 2Q08 1Q09 2Q09 Pre Paid Post Paid
  6. 6. SAC Blended - 3.5% - 14.4% 97 86 83 23% 25% 24% 28% 26% 36% 49% 49% 40% 2Q08 1Q09 2Q09 Major ffi i M j efficiency i in Subsidy Comissions Advertising subscriber acquisition cost.
  7. 7. ARPU TREND - 8.7% - 2.6% MAIN CAMPAIGNS 28.8 27.0 26.3 12,6 11,5 10,9 16,2 15,5 15,4 2Q08 1Q09 2Q09 Outgoing Incoming
  8. 8. MOU AND TRAFFIC TRENDS MOU VOICE TRAFFIC Million of minutes - 14.9% - 0.5% 3.9% + 5.7% 94 77 80 11,080 11,022 10,427 10 427 32 27 3.727 3.787 28 3.835 62 49 53 7.353 6.592 7.235 2Q08 1Q09 2Q09 2Q08 1Q09 2Q09 Outgoing Outgoing Incoming Incoming
  9. 9. Financial Performance
  10. 10. NET SERVICE Data + VAS Revenue REVENUE 12.6% of Net Service Revenue 30% YoY growth R$ million + 7.1% - 1.1% DATA AND VAS REVENUE 3,670 + 29.9% 3,630 3,390 + 3.3% 1.668 1.679 1.526 1 526 1.518 457 1.447 1.463 443 352 232 225 176 443 457 352 190 123 165 66 41 31 53 46 42 2Q08 1Q09 2Q09 2Q08 1Q09 2Q09 Others Network Usage g SMS + MMS Vivo Internet Data and VAS Access and Usage Others
  11. 11. OPERATING EXPENSES* R$ million 888 Service Rendered 872 851 451 Goods Sold 613 604 899 Selling Expenses 764 909 General and 137 162 Administrative 176 214 H.R. 211 197 230 Fistel, Fust, Funtel 229 184 2Q09 1Q09 2Q08 * Excluding depreciation.
  12. 12. EBITDA AND MARGIN R$ million BALANCE BETWEEN SALES 29,9% 30.4%* AND PROFITABILITY Service Revenue YoY 7.1% 7 1% Costs YoY 7.2% + 8.2 p.p. Ebitda YoY 42.3% 22.2% 1.204 1.198 842 2Q08 1Q09 2Q09 EBITDA EBITDA Margin * Including the extraordinary effect of ICMS reversion of R$47,5 million.
  13. 13. CASH FLOW AND EBIT R$ million CASH FLOW EBIT 1.010,8 78,6 399,0 2Q08 375,9 1Q09 2Q09 105,0 (1,147.1) 2Q08 1Q09 2Q09
  14. 14. NET RESULTS R$ million 172,4 123,5 2Q08 1Q09 2Q09 (63,9)
  15. 15. FINANCIAL RESULT, , GROSS DEBT AND NET DEBT R$ million FINANCIAL RESULT GROSS DEBT NET DEBT + 12.9% + 31.3% - 15.6% - 15.9% 2Q08 1Q09 2Q09 7,713.1 7 713 1 6,511.1 5,764.8 5.579,5 4.692,6 61% 3.574,3 ( (105,6) , ) (110,4) (110 4) 62% 72% (149,1) 38% 39% 28% 2Q08 1Q09 2Q09 2Q08 1Q09 2Q09 Short Term Long Term
  16. 16. CAPEX R$ million % Capex/Net Revenue 1,558.6 1 558 6 41,1% 15,4% 13,5% 606.8 541.3 Investments in capacity and improvement of GSM and WCDMA network R$ million 2Q08 1Q09 2Q09 Network 251.3 375.9 406.4 Technology 44.2 53.7 73.1 Licenses Li 1,122.9 1 122 9 - - Others 140.2 111.7 127.3
  17. 17. DISCLOSURE 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 g g performance. Our actual results may differ materially from those y y contained in such forward-looking statements, due to a variety of factors, including Brazilian political and economic factors, the development of competitive technologies, 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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