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VIVO - Apresentation of 4th Quarter 2008 Results

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Apresentation of 4th Quarter 2008 Results

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VIVO - Apresentation of 4th Quarter 2008 Results

  1. 1. Vivo Participações S/A February 13, 2009.
  2. 2. HIGHLIGHTS R$ billion 4Q08 4Q07* ∆% Net Service Revenue 3.8 38 3.0 30 27% Expenses (2.9) (2.5) 16% Ebitda 1.4 0.9 56% Ebitda Margin 32.7% 26.5% 6.2 p.p. Ebit 0.6 0.2 237% Net Results** - R$ million N tR lt ** 215.5 215 5 26.2 26 2 722% *Excluding Telemig. **Calculated in accordance with the Brazilian Corporate Law.
  3. 3. HIGHLIGHTS R$ billion 2008* 2007** ∆% Net Service Revenue 13.8 13 8 11.1 11 1 25% Expenses (10.9) (9.4) 17% Ebitda 4.5 3.1 45% Ebitda Margin 29.2% 24.9% 4.3 p.p. Ebit 1.4 0.6 131% Net Results*** - R$ million N tR lt *** 389.7 389 7 (99.8) (99 8) n.a. *Excluding Telemig’s 1Q08. **Excluding Telemig ***Calculated in accordance with the Brazilian Corporate Law.
  4. 4. RECOGNITION ‘UOL/DataFolha’ Top of Mind Internet Seleções Reader's Digest/IBOPE Sector’s Most Reliable Brand ‘Info Exame’ Magazine Best Broadband Teleco Largest Coverage in 3rd Generation ‘Consumidor Moderno’ and ‘Pro teste Magazine Consumidor Moderno Pro teste’ Best Tariffs ‘O Globo’ newspaper and IBRC Best Call Center in telecom sector’s
  5. 5. Agenda Operational Performance Financial Performance Vivo Participações S/A February 13, 2009
  6. 6. COMMERCIAL Nationwide market Leader Market Share: 29 8% in Brazil 29.8% PERFORMANCE Revenue Share**: 33% GSM: more than 67% of our customer base thousand + 7,561 7 561 + 2,668 44,945 42,277 37,384 *Combined with Telemig. **Estimated.
  7. 7. SAC Blended - 24.5% - 2.6% 98 76 74 Lower expenses with L ith customer acquisition subsidy *Combined with Telemig.
  8. 8. ARPU AND MOU TRENDS ARPU MOU - 5.8% + 6.3% - 1.0% - 4.5% 89 30.9 29.4 85 29.1 80 *Combined with Telemig.
  9. 9. Agenda Operational Performance Financial Performance Vivo Participações S/A February 13, 2009
  10. 10. Agenda Operational Performance Financial Performance Vivo Participações S/A February 13, 2009
  11. 11. NET SERVICE REVENUE + 14.7% R$ million 14,170 12,350 + 14.2% + 4.0% 3,644 3,789 3,317 *Combined with Telemig.
  12. 12. DATA AND VAS REVENUE R$ million + 38.1% Data + VAS Revenue 10% of Net Service Revenue 1,439 38% YoY Growth 1,042 + 20.8% + 4.1% 364 379 314 *Combined with Telemig.
  13. 13. OPERATING COSTS** Operating costs under strict control with focus on R$ million revenue growth *Combined with Telemig. **Excluding depreciation.
  14. 14. EBITDA AND MARGIN R$ million 4,868 BALANCE BETWEEN SALES AND PROFITABILITY 3,546 , Revenue YoY 15% Costs YoY 6% EBITDA YoY Y Y 37% 1,324 1,396 979 *Combined with Telemig.
  15. 15. CASH FLOW AND EBIT R$ million CASH FLOW EBIT 1,497.0 2008 2007* (533.4) *Combined with Telemig.
  16. 16. NET RESULTS* R$ million Earnings per Share: R$ 1.096 2007 4Q07 3Q08 4Q08 2008 *Brazilian Corporate Law.
  17. 17. FINANCIAL RESULTS, , GROSS DEBT AND NET DEBT R$ million FINANCIAL RESULTS GROSS DEBT** NET DEBT** +76.3% +153.8% 4Q07* 3Q08 4Q08 +33.6% +36.8% 5,302.1 8,003.1 8 003 1 3,968.5 5,849.8 (102.9) 57% 4,539.3 55% 2,088.9 68% 62% 55% 45% (192.1) 43% 38% 32% 45% (282.8) *Combined with Telemig. **Includes the financing of 3G licenses .
  18. 18. CAPEX R$ million 4,015.6 MAIN INVETMENT 2,212.3 PROJECTS 1,195.7 1,319.8 Increase GSM network I k 868.4 capacity and quality Increase WCDMA coverage 4Q07* 3Q08 4Q08 2007* 2008 Beginning of operations Network 848.2 620.6 978.4 1,380.9 1,988.7 Technology 149.4 96.0 109.8 308.4 292.6 in the Northeast region g Licenses 50.4 50 4 - 74.8 74 8 50.4 50 4 1,197.7 1 197 7 Others 147.7 151.8 156.8 472.6 536.6 * Excluding the licenses, adjusted to the present value, in the amount of R$1,197.7 million. *Combined with Telemig.
  19. 19. WE BELIEVE THAT IN THE NETWORK SOCIETY PEOPLE LIVE BETTER AND CAN DO MORE MORE... ... we are 45 million connected people through VIVO community and, once connected, we can change the world we live.
  20. 20. 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 f d l ki t t t d t i t ff t i l di 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 operate.
  21. 21. VIVO PARTICIPAÇÕES S.A. Ç

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