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Tim part results presentation 3 q18

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TIM Participações - Results Presentation 3Q18

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Tim part results presentation 3 q18

  1. 1. TIM Participações - Investor Relations Results Presentation
  2. 2. TIM Participações - Investor Relations Results Presentation 2
  3. 3. TIM Participações - Investor Relations Results Presentation 3 1.53 1.66 3Q17 3Q18 +8.6% 518 753 3Q17 3Q18 +45.2% 3,172 2,986 1,775 836 TIM P1 P3 P4 2.1 2.2 2.0 2.7 3.0 2.6 1.4 2.3 2.2 -0.3 0.0 0.4 4Q17 1Q18 2Q18 3Q18 16.4 18.6 12.7 25.3 4Q17 1Q18 2Q18 3Q18 TIM P1 P3 P4 4.1 4.3 3Q17 3Q18 +4.4% Project delivered! Incorporation of operating companies driving significant fiscal and operational efficiencies
  4. 4. TIM Participações - Investor Relations Results Presentation +3.1% -0.5% +11.6% +28.0% 4,083 4,261 4 3Q17 3Q18 +10.2% 22.6 20.5     o Postpaid; 62% Prepaid; 36% Non- TIM Clients; 2% -15.5% YoY +23.0% YoY 3Q17 4Q17 1Q18 2Q18 3Q18 78%
  5. 5. TIM Participações - Investor Relations Results Presentation 5 o o o o o 3Q17 3Q18 +8.6% 3x 1Q18 2Q18 3Q18 1Q18 2Q18 3Q183Q17 3Q18 +3% +11.3% Jul-17 Dec-17 Apr-18 Sep-18
  6. 6. TIM Participações - Investor Relations Results Presentation 1Q18 3Q181Q18 3Q18 70.2 77.5 3Q17 3Q18 76 104 3Q17 3Q18 376 449 3Q17 3Q18     6 +35.7% +19.5% +10.4% +11.8% +15.1% Rio de Janeiro – Oct/12 * Nov/17 São Gonçalo – Aug/18 Nilópolis – Aug/18 Duque de Caxias – Nov/12 (FTTC only) Nova Iguaçu – May/14 (FTTC only) São João de Meriti – Aug/15 (FTTC only) Salvador – Aug/18 São Paulo – Mai/12 * Nov/17 Mauá – Apr/18 Poá – Sep/18 Suzano – Aug/18 Goiânia – Aug/18
  7. 7. TIM Participações - Investor Relations Results Presentation     7 Cities (thd) Urb. Pop. Covered (%) 203 413 761 1Q18 2Q18 3Q18 42 68 108 1Q18 2Q18 3Q18 975 1,015 1,17232% 41% 56% 1Q18 2Q18 3Q18 150m 230m 550m 1000m 2000m 3500m 6000m >10km 700 MHz 1.8 GHz 2.6 GHz Antes AjustadoTraffic before 700MHz increase in average throughput per user after refarming. of data traffic already flowing through 2.1 GHz frequency.
  8. 8. TIM Participações - Investor Relations Results Presentation 3Q17 3Q18 8 3Q17 3Q18 3Q17 3Q18 3Q17 3Q18 Clients¹ using VoLTE in drop calls -57% 8 mln in call setup time -44% 3.23 3.12 2.99 2.55 2.35 2.29 Live TIM 2nd 3rd 4th 5th 6th 76% 62% 62% 57% TIM P1 P3 P4 mar/18 jun/18 set/18 mar/18 jun/18 set/18 70%
  9. 9. TIM Participações - Investor Relations Results Presentation 91 147 869 890 235 261 235 229 926 862 200 215 3Q17 3Q18 9 2,557 2,604 COGS Traffic (Network & Interconnection) Process (G&A + Others) Selling & Mkt JAN-18 MAR-18 JUN-18 SEP-18 Bad Debt Personnel
  10. 10. TIM Participações - Investor Relations Results Presentation 2.49 2.57 9M17 9M18132 250 221 335 279 388 9M17 9M18 632 974 +54.1% 1Q 2Q %Network 86% 86%    10 1.30 1.30 1.53 1.66 31.5% 33.4% 37.4% 38.9% 0,00 0,50 1,00 1,50 2,00 3Q15 3Q16 3Q17 3Q18 EBITDA EBITDA Margin +8.6% +1.5 p.p. 4.18 4.69 34.9% 37.3% 9M17 9M18 +2.4 p.p. +12.3% 3Q +3.3% *Adjusted by R$ 950 mln in tax credit from change in corporate structure
  11. 11. TIM Participações - Investor Relations Results Presentation 11    514 -82 52 1 737 1,222 FOCF 9M17 (ex-license) Δ EBTIDA (YoY) Δ CAPEX (YoY) Δ WC (YoY) Δ Non-Recurring Items (YoY) FOCF 9M18 (ex-license) 0.67x 0.43x 3,832 2,776 NFP Sep/17 NFP Sep/18 -27.6% Cash and Debt Optimization: o o o
  12. 12. TIM Participações - Investor Relations Results Presentation 12    • • • • • • • • Jan-18 Sep-18 +2.69% +1.35% Jan-18 May-18 Sep-18 -7.5% • •

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