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Results 4Q09
HighlightsR$ million                                       2009        2008        ∆%             Total Net Revenue      1...
HighlightsR$ million                                      4Q09        4Q08         ∆%             Total Net Revenue      4...
Stakeholders Recognition                 Anatel                 Customers                 Partners                 Shareho...
AgendaOperating PerformanceFinancial Performance
Commercial Performance   ACCESSES - thousand                             MARKET SHARE - %          +6,799                 ...
Internet unique users*million                    +58.0%                                 +40.6%                            ...
SAC Blended                     - 21.6%                               - 24.7%               74        77               17 ...
ARPU Trend        - 10.3%                  - 1,1%                  - 1.1%29.1          26.4             26.1              ...
MOU and Traffic Trends        MOU                                       VOICE TRAFFIC                                     ...
AgendaOperating PerformanceFinancial Performance
Net Service Revenue R$ million                                                                    +5.9%                   ...
Data and VAS Revenue        R$ million                 16% of Net Service                                                 ...
Operating Expenses*                     R$ million                            Service Rendered             Goods Sold     ...
EBITDA and Margin        R$ million                         34.4%                                                         ...
Cash Flow and EBITR$ million             Cash Flow                           EBIT                              2,545.6    ...
Net ResultsR$ million                                       +120.0%                  -0.2%                       857.5    ...
Financial Result,Gross Debt and Net DebtR$ million FINANCIAL RESULT                GROSS DEBT                      NET DEB...
CAPEXR$ million                                    25.4%30.9%                        15.6%                  14.5%         ...
DisclosureThis presentation may contain forward-looking statementsconcerning future prospects and objectives regarding gro...
VIVO PARTICIPAÇÕES S.A.
Presentation 4Q09
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Presentation 4Q09

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VIVO - Presentation 4Q09 Results

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Presentation 4Q09

  1. 1. Results 4Q09
  2. 2. HighlightsR$ million 2009 2008 ∆% Total Net Revenue 16,363.2 15,819.1 3.4% Net Service Revenue 15,005.7 14,170.0 5.9% Expenses (11,144.9) (10,951.6) 1.8% EBITDA 5,218.3 4,867.5 7.2% EBITDA Margin 31.9% 30.8% 1.1 p.p. EBIT 1,960.8 1,837.0 6.7% Net Income 857.5 389.7 120.0% Cash Flow 2,545.6 (561.8) n.a.
  3. 3. HighlightsR$ million 4Q09 4Q08 ∆% Total Net Revenue 4,319.9 4,268.3 1.2% Net Service Revenue 3,917.3 3,788.8 3.4% Expenses (2,907.6) (2,872.0) 1.2% EBITDA 1,412.3 1,396.3 1.1% EBITDA Margin 32.7% 32.7% 0.0 p.p. EBIT 578.7 590.5 -2.0% Net Income 221.6 222.1 -0.2% Cash Flow 835.8 66.6 n.a.
  4. 4. Stakeholders Recognition Anatel Customers Partners Shareholders Investors Comunity (social projects)
  5. 5. AgendaOperating PerformanceFinancial Performance
  6. 6. Commercial Performance ACCESSES - thousand MARKET SHARE - % +6,799 32.2% +2,897 31.4% 51,744 30.7% QoQ YoY 48,847 44,945 9,784 5.6% 14.3% 9,267 8,561 29.8% 29.7% 29.4% 39,580 41,960 6.0% 15.3% 4Q08 3Q09 4Q09 36,384 Post paid Blended 4Q08 3Q09 4Q09 Pre paid Post paid
  7. 7. Internet unique users*million +58.0% +40.6% 12.8 9.1 8.1 4Q08 3Q09 4Q09 * Includes internet usage by handset (WAP) and internet usage by Smartphones and Datacards (ZAP).
  8. 8. SAC Blended - 21.6% - 24.7% 74 77 17 17 58 QoQ YoY 15 -17.1% -14.0% 20 29 31 4.9% 50.9% 37 30 13 -56.7% -64.1% 4Q08 3Q09 4Q09 Subsidy Advertising Comissions
  9. 9. ARPU Trend - 10.3% - 1,1% - 1.1%29.1 26.4 26.1 QoQ YoY12.4 11.0 10.6 -3.6% -14.5%16.7 15.4 15.5 0.6% -7.2%4Q08 3Q09 4Q09 Outgoing Incoming
  10. 10. MOU and Traffic Trends MOU VOICE TRAFFIC Million of minutes +40.0% +33.7% +60.8% 119 QoQ YoY +39.5% 89 27 -3.6% -12.9% 17,858 85 QoQ YoY 12,800 4,027 1.1% -0.5% 31 28 11,107 3,983 92 50.8% 70.4% 4,049 54 61 13,831 56.9% 96.0% 7,058 8,8174Q08 3Q09 4Q09 4Q08 3Q09 4Q09 Outgoing Incoming Outgoing Incoming
  11. 11. AgendaOperating PerformanceFinancial Performance
  12. 12. Net Service Revenue R$ million +5.9% 15,006 14,170 6,769 6,494 +3.4% 6,040 6,053 +3.4% 3,789 3,789 3,9171,804 2,035 1,710 1,712 1,540 1,563 1,531 1,439 379 511 625 43 37 40 197 149 4Q08 3Q09 4Q09 2008 2009 Access and Usage Data and VAS Network Usage Others
  13. 13. Data and VAS Revenue R$ million 16% of Net Service +41.5% Revenue in the quarter 2,035 166 YoY +64.8% 1,439 +22.5% 894 76.3% 206 507 625 511 379 40QoQ YoY 38 975 303 49 236 72628.7% 122.1% 137 194 237 282 4Q08 3Q09 4Q09 2008 2009 SMS + MMS Vivo Internet Others
  14. 14. Operating Expenses* R$ million Service Rendered Goods Sold Selling Expenses +16.3% -31.8% +5.3% +13.5% +8.0% +3.8% 891 0 1,036 913 721 0 842 0 854 887 455 492 4Q08 3Q09 4Q09 4Q08 3Q09 4Q09 4Q08 3Q09 4Q09 General and H. R. Fistel, Fust, Funtel Administrative +109.4% +19.0% +16.0% +5.8% +19.1% +1.0% 0 0 245 0 160 206 206 203 233 236 151 76 4Q08 3Q09 4Q09 4Q08 3Q09 4Q09 4Q08 3Q09 4Q09* Excluding Depreciation.
  15. 15. EBITDA and Margin R$ million 34.4% 31.9% 30.8% 32.7% 32.7% 4,868 5,218QoQ YoY0.6% 1.1% 1,396 1,404 1,412 4Q08 3Q09 4Q09 2008 2009 EBITDA Margin EBITDA
  16. 16. Cash Flow and EBITR$ million Cash Flow EBIT 2,545.6 1,961 1,837 0 0 835.8 620.4 591 607 579 66.6 2008 4Q08 3Q09 4Q09 2009 (561.8) 4Q08 3Q09 4Q09 2008 2009
  17. 17. Net ResultsR$ million +120.0% -0.2% 857.5 -34.8% 0 389.7 340.0 222.1 221.6 4Q08 3Q09 4Q09 2008 2009
  18. 18. Financial Result,Gross Debt and Net DebtR$ million FINANCIAL RESULT GROSS DEBT NET DEBT 4Q08 3Q09 4Q09 -36.0% -28.6% -0.8% -10.0% 8,003.1 0 (90.8) 5,302.1 (136.9) 0 5,167.3 5,124.5 0 4,207.0 3,786.0 61% 68% 81%(282.8) 39% 32% 19% 4Q08 3Q09 4Q09 4Q08 3Q09 4Q09
  19. 19. CAPEXR$ million 25.4%30.9% 15.6% 14.5% 13.4% 4,015.6 536.6 1,197.7 2,369.3 0 292.6 500.31,319.8 346.7 548.7 672.5 1,988.7 1,522.3 4Q08 3Q09 4Q09 2008 2009 CAPEX Technology Others Network Licences % Capex/Net Revenue
  20. 20. DisclosureThis presentation may contain forward-looking statementsconcerning future prospects and objectives regarding growth ofthe subscriber base, a breakdown of the various services to beoffered and their respective results. The exclusive purpose of suchstatements is to indicate how we intend to expand our businessand they should therefore not be regarded as guarantees of futureperformance. 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.
  21. 21. VIVO PARTICIPAÇÕES S.A.

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