Telecom Italia Group reported 2009 results and updated its 2010-2012 strategic plan, focusing on its domestic market. Key highlights include:
1) The company met or exceeded its 2009 targets, including generating over €6 billion in operating free cash flow and reducing net debt.
2) The strategic plan update emphasizes the domestic Italian and Brazilian markets, aiming to increase efficiency and maintain financial discipline.
3) Global economic growth is expected to be modest over the plan period, while the telecom market in Brazil is forecast to grow substantially faster than in Italy.
News Corporation reported a 31% increase in operating income to $719 million for the quarter ended September 30, 2003 compared to $548 million for the same quarter the previous year. Revenue increased 22% to $4.6 billion. Net profit increased $260 million to $422 million. The increases were driven by strong performance in filmed entertainment, cable network programming, newspapers and magazines. The company also added nearly 300,000 subscribers for its new SKY Italia direct broadcast satellite television segment.
This document contains forward-looking statements about Telecom Italia Group's financial results and performance. It warns that actual results may differ from projections due to various risks and uncertainties outside of the company's control. The document then provides an agenda for discussing Telecom Italia Group's 2009 progress, with a focus on its domestic Italian business and TIM Brasil subsidiary. Key highlights included achieving operating free cash flow and domestic cost efficiency targets.
Telecom Italia reported financial results for fiscal year 2010. Key highlights included operating free cash flow of €6.2 billion, organic Group EBITDA of €11.8 billion which was up 0.1% year-over-year, and net income of €3.1 billion compared to €1.6 billion in fiscal year 2009. TIM Brasil delivered strong results with EBITDA growth of 16.6% year-over-year and an EBITDA margin of 29.1%. Telecom Italia remained focused on its core domestic and Brazilian markets.
Aon reported financial results for the 4th quarter and full year of 2008. 4th quarter revenue was $1.9 billion, with organic growth in commissions and fees of 2%. EPS from continuing operations was $0.43. For the quarter, adjusted pretax margin increased 150 basis points to 19.9% in brokerage and 180 basis points to 19% in consulting. Full year 2008 revenue increased 4% to $7.6 billion with organic growth of 2%, and net income increased 71% to $1.5 billion compared to the prior year.
Embraer released its third quarter 2011 results. Revenue reached $1.36 billion and gross margin was 21.2%. EBIT was $124.2 million and the EBIT margin was 9.1%, above guidance. The order backlog increased to $16 billion due to sales in executive aviation. Net income was $1.9 million primarily due to deferred taxes from currency appreciation. Guidance for 2011 revenue was revised to $5.6-5.8 billion and EBIT and EBITDA guidance remained unchanged at $465 million and $700 million, respectively.
Burlington Northern Santa Fe reported record quarterly earnings, revenues, and operating income in the third quarter of 2007. Freight revenues increased 4% to $3.95 billion due to strong yields and volume growth in agricultural products. Operating income grew 9% to $1 billion, also a record. While economic softness reduced consumer and industrial volumes, this was offset by higher revenues from agricultural, coal, and industrial shipments. The company expects near-term challenges from the economy, housing market, and fuel prices but remains optimistic about long-term growth prospects.
- Pro forma revenues for Sprint Nextel increased 8% in the third quarter of 2006, while adjusted EPS before amortization rose 7% compared to the previous year.
- The company reported progress on improving margins through merger integration and operational changes to strengthen its competitive position.
- IP and wireless data services grew substantially and positioned the company as an industry leader.
- The company began a stock buyback program of up to $6 billion to be executed over 18 months.
News Corporation reported a 31% increase in operating income to $719 million for the quarter ended September 30, 2003 compared to $548 million for the same quarter the previous year. Revenue increased 22% to $4.6 billion. Net profit increased $260 million to $422 million. The increases were driven by strong performance in filmed entertainment, cable network programming, newspapers and magazines. The company also added nearly 300,000 subscribers for its new SKY Italia direct broadcast satellite television segment.
This document contains forward-looking statements about Telecom Italia Group's financial results and performance. It warns that actual results may differ from projections due to various risks and uncertainties outside of the company's control. The document then provides an agenda for discussing Telecom Italia Group's 2009 progress, with a focus on its domestic Italian business and TIM Brasil subsidiary. Key highlights included achieving operating free cash flow and domestic cost efficiency targets.
Telecom Italia reported financial results for fiscal year 2010. Key highlights included operating free cash flow of €6.2 billion, organic Group EBITDA of €11.8 billion which was up 0.1% year-over-year, and net income of €3.1 billion compared to €1.6 billion in fiscal year 2009. TIM Brasil delivered strong results with EBITDA growth of 16.6% year-over-year and an EBITDA margin of 29.1%. Telecom Italia remained focused on its core domestic and Brazilian markets.
Aon reported financial results for the 4th quarter and full year of 2008. 4th quarter revenue was $1.9 billion, with organic growth in commissions and fees of 2%. EPS from continuing operations was $0.43. For the quarter, adjusted pretax margin increased 150 basis points to 19.9% in brokerage and 180 basis points to 19% in consulting. Full year 2008 revenue increased 4% to $7.6 billion with organic growth of 2%, and net income increased 71% to $1.5 billion compared to the prior year.
Embraer released its third quarter 2011 results. Revenue reached $1.36 billion and gross margin was 21.2%. EBIT was $124.2 million and the EBIT margin was 9.1%, above guidance. The order backlog increased to $16 billion due to sales in executive aviation. Net income was $1.9 million primarily due to deferred taxes from currency appreciation. Guidance for 2011 revenue was revised to $5.6-5.8 billion and EBIT and EBITDA guidance remained unchanged at $465 million and $700 million, respectively.
Burlington Northern Santa Fe reported record quarterly earnings, revenues, and operating income in the third quarter of 2007. Freight revenues increased 4% to $3.95 billion due to strong yields and volume growth in agricultural products. Operating income grew 9% to $1 billion, also a record. While economic softness reduced consumer and industrial volumes, this was offset by higher revenues from agricultural, coal, and industrial shipments. The company expects near-term challenges from the economy, housing market, and fuel prices but remains optimistic about long-term growth prospects.
- Pro forma revenues for Sprint Nextel increased 8% in the third quarter of 2006, while adjusted EPS before amortization rose 7% compared to the previous year.
- The company reported progress on improving margins through merger integration and operational changes to strengthen its competitive position.
- IP and wireless data services grew substantially and positioned the company as an industry leader.
- The company began a stock buyback program of up to $6 billion to be executed over 18 months.
news corp 1st Qtr - FY05 - September 30, 2004 - US Dollars finance9
The document summarizes News Corporation's earnings for the quarter ended September 30, 2004. Key points include:
- Revenue increased 12% to $5.2 billion and operating income increased 12% to $805 million, driven by growth across multiple segments.
- Net profit increased 27% to $536 million, up from $422 million in the prior year.
- Several segments saw double-digit operating income growth, including Cable Network Programming, Television, Newspapers, and Magazines and Inserts.
- Net operating revenues increased 7% year-over-year to $10.4 billion in Q4 2006 and increased 7% to $41 billion for full-year 2006 compared to pro forma 2005.
- Adjusted OIBDA increased 13% to $3.2 billion in Q4 2006 and increased 12% to $12.7 billion for full-year 2006 compared to pro forma 2005.
- Diluted EPS from continuing operations was $0.09 in Q4 2006 compared to break-even in Q4 2005, and was $0.34 for full-year 2006 compared to $0.40 for full-year 2005.
Raytheon reported strong financial results for the third quarter of 2008, with sales up 12% and earnings per share up 17%. The company increased its full-year earnings guidance and announced a new $2 billion share repurchase plan. All of Raytheon's business segments experienced sales growth in the quarter.
This document summarizes Viacom's financial results for the second quarter and first half of 2008. Key highlights include:
- Revenues for Q2 2008 increased 21% to $3.9 billion and increased 18% to $7 billion for the first half.
- Operating income for Q2 2008 increased 13% to $792 million and increased 19% to $1.4 billion for the first half.
- Earnings per share from continuing operations for Q2 2008 increased 2% to $0.64 and increased 15% to $1.06 for the first half.
- Media Networks revenues increased 11% in Q2 2008 and 14% for the first half, driven by increases in affiliate fees
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2004. Some key points:
- BNSF reported record quarterly earnings of $0.91 per share for Q4 2004, up 49% from $0.61 per share in Q4 2003. Revenues also reached a record at $2.92 billion for the quarter.
- Freight revenues increased 19% year-over-year for Q4 driven by double-digit growth across all four business groups.
- Operating expenses grew 15% for the quarter due to a 10% increase in volumes and higher fuel prices.
- The operating ratio improved to 77.1% for Q4
Spectra Energy reported higher third quarter 2008 results compared to the prior year quarter, with net income up 26% and ongoing net income up 26%. All business segments performed strongly due to higher commodity prices and operating performance. The company completed its 2008 capital expansion plan, which will provide returns at the top end of the targeted range of approximately 12%. Spectra Energy expects to exceed its 2008 EPS target of $1.56.
The document is Burlington Northern Santa Fe Corporation's second quarter 2007 investors' report. It summarizes that freight revenues increased 4% to $3.74 billion compared to second quarter 2006, but operating income decreased slightly to $841 million due to a $93 million rise in fuel expenses. Earnings per share were $1.20 compared to $1.27 in second quarter 2006. The report also provides details on financial results, operating statistics, and revenues by commodity for the quarter.
Raytheon reported strong third quarter 2007 results with bookings of $6.5 billion and sales of $5.4 billion, up 8% from the prior year. Earnings per share from continuing operations were $0.69, up 17% year-over-year. Raytheon also announced a new $2 billion share repurchase program and the pending sale of its Flight Options subsidiary. Segment results were positive across Integrated Defense Systems, Missile Systems, Network Centric Systems and Intelligence and Information Systems on higher sales and margins.
- Sprint Nextel reported first quarter 2006 results with strong wireless demand and 1.3 million net subscriber additions. Revenue increased 66% year-over-year to $11.5 billion.
- Wireless revenue grew 13% to $8.5 billion with Adjusted OIBDA increasing 15% and margins improving. Long distance revenue declined 3% while local revenue grew 1%.
- The company added 84,000 net DSL subscribers and continued progress on strategic initiatives including the planned spin-off of the local business under the EMBARQ brand.
Telecom Italia FY 2009 Preliminary ResultsGruppo TIM
Telecom Italia Group reported preliminary full year 2009 results. Organic domestic EBITDA was €10.1 billion, down 2% year-over-year, while the organic EBITDA margin improved to 46.5%. Cash cost efficiencies of €0.9 billion were achieved in Italy. TIM Brasil EBITDA grew 9.6% to €1.29 billion with a margin of 25.7%, up 2.3 percentage points. Adjusted net financial position was approximately €34 billion at year-end 2009. Final results may differ materially depending on legal proceedings involving a subsidiary.
1) Burlington Northern Santa Fe reported record first quarter revenues of $3.54 billion, up 5% from the first quarter of 2006, despite flat freight volumes. Net income was $349 million or $0.96 per diluted share, compared to $410 million or $1.09 per diluted share in the prior year.
2) Operating expenses increased $281 million primarily due to an $81 million environmental and technology charge as well as higher fuel costs. Freight revenues increased in all major commodity groups due to rate increases and fuel surcharges.
3) Capital expenditures totaled $537 million for the quarter, with $311 million spent on track maintenance including rail, ties, and surfacing
Burlington Northern Santa Fe Corporation reported financial results for the first quarter of 2004 with the following highlights:
- Revenue increased 11% to $2.49 billion driven by an 8% increase in units handled.
- Operating income rose 19% to $410 million and the operating ratio improved to 83.3% from 84.3% in the prior year.
- Earnings per share increased 30% to $0.52 compared to $0.40 in the first quarter of 2003, excluding the effect of an accounting change.
- Capital expenditures totaled $392 million for the quarter focused on maintenance and expansion projects.
Ford reported its second quarter 2009 earnings. While wholesale sales and revenue declined compared to the second quarter of 2008, Ford reduced structural costs and improved pre-tax operating results. Ford gained market share in key regions and launched new products. Ford also took actions to reduce debt and raised capital through a stock offering to strengthen its financial position.
Embraer released its first quarter 2010 results according to US GAAP standards. Key highlights included:
- Jet deliveries totaled 41 aircraft, including 21 commercial jets.
- Backlog remained strong at $16 billion, over 3 times annual revenue.
- Net sales were $990 million with gross margin improved to 21.7% from 18.2% in Q1 2009.
- EBIT and EBITDA margins were 5.8% and 8.1% respectively, in line with guidance.
- Net income was $35.3 million compared to a $23.4 million loss in Q1 2009.
The document summarizes Credit Suisse's financial results for the first quarter of 2003. Key points include:
- Credit Suisse reported a net profit of CHF 652 million, compared to a net loss of CHF 950 million in the previous quarter.
- Credit Suisse Financial Services saw a net profit increase of 13% compared to the first quarter of 2002, driven by improved results across all business segments.
- Credit Suisse First Boston returned to profitability with a net operating profit of USD 292 million, up from USD 11 million the previous quarter, due to higher fixed income revenues and lower credit provisions.
Telenor's operations in Pakistan have been unprofitable, with losses of 5.4%, 0.5%, and 14% of total revenues in the past three quarters. In contrast, Telenor's overall global operations have seen consistent profits, with operating profits of NOK 3,862 million, 3,877 million, and 3,367 million in the same periods. While Telenor Pakistan accounts for a small portion of Telenor's total revenues, it has been loss-making compared to the profitability of Telenor's broader international operations.
Bank of America reported record earnings of $16.9 billion for 2005, up 19% from 2004. Revenue grew 9% to $57.6 billion driven by a 19% increase in noninterest income. Earnings were driven by strong consumer growth and commercial lending recovery, despite higher provision costs and fewer securities gains. For the fourth quarter of 2005, earnings were $3.8 billion, down 9% from the previous quarter due to an 8% decline in noninterest income and a 21% rise in provision for credit losses.
Domino's Pizza announced third quarter 2009 financial results, with net income up 76.6% year-over-year driven by gains from extinguishing debt, improved operating margins, lower interest expenses, and international store growth. Diluted EPS was $0.31, up from $0.17 in the prior year. Same store sales were flat in the US while growing 2.7% internationally. The company repurchased $71.8 million of debt during the quarter and $140 million year-to-date, realizing pre-tax gains.
1. Burlington Northern Santa Fe reported first quarter 2002 earnings of $0.45 per share, up from $0.34 per share in first quarter 2001, which included non-recurring losses.
2. Freight revenues decreased 6% to $2.14 billion due to softer demand across all major product sectors and mild winter weather reducing coal shipments.
3. Operating expenses decreased 4% to $1.8 billion due to reductions in fuel costs, compensation, and equipment rents, partially offsetting the revenue decline.
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2001. It includes key financial information such as earnings results for Q4 and full year 2001, operating revenues and expenses, balance sheet information, and cash flow information. Specifically, it notes that Q4 2001 earnings were $0.46 per share including workforce reduction costs, or $0.57 per share excluding those costs. For the full year, earnings were $1.87 per share including unusual items, or $2.08 per share excluding unusual items. It also highlights free cash flow of $443 million for the full year, up 3% from 2000.
Telecom Italia 1H 2011 Results (Patuano)Gruppo TIM
1) Telecom Italia Group reported its 1H 2011 results, with a focus on progress in the Domestic business.
2) In Mobile, customer base rebuilding was on track, while macroeconomic pressures impacted business revenues. Service revenues declined 7.7% YoY.
3) In Fixed, core domestic service revenues stabilized QoQ at -3.5% YoY decline. Broadband net adds slowed to 65k due to weak market growth.
4) Cash costs as a percentage of revenues declined slightly to 65.9%, as cost rationalization efforts continued.
Telecom Italia 1Q 2012 Results - Franco Bernabè (10/05/2012)Gruppo TIM
1) Telecom Italia Group reported revenues of €7.39 billion in 1Q12, up 5.3% year-over-year, and EBITDA of €2.97 billion, up 0.5%.
2) Revenues grew in Brazil (+19.1%) and Argentina (+24.0%), while declining in Italy (-2.4%). EBITDA increased in Brazil (+13.5%) and Argentina (+16.6%) but fell in Italy (-3.4%).
3) The Group is progressing on its debt reduction plan, with adjusted net debt of €30.31 billion in 1Q12, down from €30.41 billion at 2011 year-
news corp 1st Qtr - FY05 - September 30, 2004 - US Dollars finance9
The document summarizes News Corporation's earnings for the quarter ended September 30, 2004. Key points include:
- Revenue increased 12% to $5.2 billion and operating income increased 12% to $805 million, driven by growth across multiple segments.
- Net profit increased 27% to $536 million, up from $422 million in the prior year.
- Several segments saw double-digit operating income growth, including Cable Network Programming, Television, Newspapers, and Magazines and Inserts.
- Net operating revenues increased 7% year-over-year to $10.4 billion in Q4 2006 and increased 7% to $41 billion for full-year 2006 compared to pro forma 2005.
- Adjusted OIBDA increased 13% to $3.2 billion in Q4 2006 and increased 12% to $12.7 billion for full-year 2006 compared to pro forma 2005.
- Diluted EPS from continuing operations was $0.09 in Q4 2006 compared to break-even in Q4 2005, and was $0.34 for full-year 2006 compared to $0.40 for full-year 2005.
Raytheon reported strong financial results for the third quarter of 2008, with sales up 12% and earnings per share up 17%. The company increased its full-year earnings guidance and announced a new $2 billion share repurchase plan. All of Raytheon's business segments experienced sales growth in the quarter.
This document summarizes Viacom's financial results for the second quarter and first half of 2008. Key highlights include:
- Revenues for Q2 2008 increased 21% to $3.9 billion and increased 18% to $7 billion for the first half.
- Operating income for Q2 2008 increased 13% to $792 million and increased 19% to $1.4 billion for the first half.
- Earnings per share from continuing operations for Q2 2008 increased 2% to $0.64 and increased 15% to $1.06 for the first half.
- Media Networks revenues increased 11% in Q2 2008 and 14% for the first half, driven by increases in affiliate fees
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2004. Some key points:
- BNSF reported record quarterly earnings of $0.91 per share for Q4 2004, up 49% from $0.61 per share in Q4 2003. Revenues also reached a record at $2.92 billion for the quarter.
- Freight revenues increased 19% year-over-year for Q4 driven by double-digit growth across all four business groups.
- Operating expenses grew 15% for the quarter due to a 10% increase in volumes and higher fuel prices.
- The operating ratio improved to 77.1% for Q4
Spectra Energy reported higher third quarter 2008 results compared to the prior year quarter, with net income up 26% and ongoing net income up 26%. All business segments performed strongly due to higher commodity prices and operating performance. The company completed its 2008 capital expansion plan, which will provide returns at the top end of the targeted range of approximately 12%. Spectra Energy expects to exceed its 2008 EPS target of $1.56.
The document is Burlington Northern Santa Fe Corporation's second quarter 2007 investors' report. It summarizes that freight revenues increased 4% to $3.74 billion compared to second quarter 2006, but operating income decreased slightly to $841 million due to a $93 million rise in fuel expenses. Earnings per share were $1.20 compared to $1.27 in second quarter 2006. The report also provides details on financial results, operating statistics, and revenues by commodity for the quarter.
Raytheon reported strong third quarter 2007 results with bookings of $6.5 billion and sales of $5.4 billion, up 8% from the prior year. Earnings per share from continuing operations were $0.69, up 17% year-over-year. Raytheon also announced a new $2 billion share repurchase program and the pending sale of its Flight Options subsidiary. Segment results were positive across Integrated Defense Systems, Missile Systems, Network Centric Systems and Intelligence and Information Systems on higher sales and margins.
- Sprint Nextel reported first quarter 2006 results with strong wireless demand and 1.3 million net subscriber additions. Revenue increased 66% year-over-year to $11.5 billion.
- Wireless revenue grew 13% to $8.5 billion with Adjusted OIBDA increasing 15% and margins improving. Long distance revenue declined 3% while local revenue grew 1%.
- The company added 84,000 net DSL subscribers and continued progress on strategic initiatives including the planned spin-off of the local business under the EMBARQ brand.
Telecom Italia FY 2009 Preliminary ResultsGruppo TIM
Telecom Italia Group reported preliminary full year 2009 results. Organic domestic EBITDA was €10.1 billion, down 2% year-over-year, while the organic EBITDA margin improved to 46.5%. Cash cost efficiencies of €0.9 billion were achieved in Italy. TIM Brasil EBITDA grew 9.6% to €1.29 billion with a margin of 25.7%, up 2.3 percentage points. Adjusted net financial position was approximately €34 billion at year-end 2009. Final results may differ materially depending on legal proceedings involving a subsidiary.
1) Burlington Northern Santa Fe reported record first quarter revenues of $3.54 billion, up 5% from the first quarter of 2006, despite flat freight volumes. Net income was $349 million or $0.96 per diluted share, compared to $410 million or $1.09 per diluted share in the prior year.
2) Operating expenses increased $281 million primarily due to an $81 million environmental and technology charge as well as higher fuel costs. Freight revenues increased in all major commodity groups due to rate increases and fuel surcharges.
3) Capital expenditures totaled $537 million for the quarter, with $311 million spent on track maintenance including rail, ties, and surfacing
Burlington Northern Santa Fe Corporation reported financial results for the first quarter of 2004 with the following highlights:
- Revenue increased 11% to $2.49 billion driven by an 8% increase in units handled.
- Operating income rose 19% to $410 million and the operating ratio improved to 83.3% from 84.3% in the prior year.
- Earnings per share increased 30% to $0.52 compared to $0.40 in the first quarter of 2003, excluding the effect of an accounting change.
- Capital expenditures totaled $392 million for the quarter focused on maintenance and expansion projects.
Ford reported its second quarter 2009 earnings. While wholesale sales and revenue declined compared to the second quarter of 2008, Ford reduced structural costs and improved pre-tax operating results. Ford gained market share in key regions and launched new products. Ford also took actions to reduce debt and raised capital through a stock offering to strengthen its financial position.
Embraer released its first quarter 2010 results according to US GAAP standards. Key highlights included:
- Jet deliveries totaled 41 aircraft, including 21 commercial jets.
- Backlog remained strong at $16 billion, over 3 times annual revenue.
- Net sales were $990 million with gross margin improved to 21.7% from 18.2% in Q1 2009.
- EBIT and EBITDA margins were 5.8% and 8.1% respectively, in line with guidance.
- Net income was $35.3 million compared to a $23.4 million loss in Q1 2009.
The document summarizes Credit Suisse's financial results for the first quarter of 2003. Key points include:
- Credit Suisse reported a net profit of CHF 652 million, compared to a net loss of CHF 950 million in the previous quarter.
- Credit Suisse Financial Services saw a net profit increase of 13% compared to the first quarter of 2002, driven by improved results across all business segments.
- Credit Suisse First Boston returned to profitability with a net operating profit of USD 292 million, up from USD 11 million the previous quarter, due to higher fixed income revenues and lower credit provisions.
Telenor's operations in Pakistan have been unprofitable, with losses of 5.4%, 0.5%, and 14% of total revenues in the past three quarters. In contrast, Telenor's overall global operations have seen consistent profits, with operating profits of NOK 3,862 million, 3,877 million, and 3,367 million in the same periods. While Telenor Pakistan accounts for a small portion of Telenor's total revenues, it has been loss-making compared to the profitability of Telenor's broader international operations.
Bank of America reported record earnings of $16.9 billion for 2005, up 19% from 2004. Revenue grew 9% to $57.6 billion driven by a 19% increase in noninterest income. Earnings were driven by strong consumer growth and commercial lending recovery, despite higher provision costs and fewer securities gains. For the fourth quarter of 2005, earnings were $3.8 billion, down 9% from the previous quarter due to an 8% decline in noninterest income and a 21% rise in provision for credit losses.
Domino's Pizza announced third quarter 2009 financial results, with net income up 76.6% year-over-year driven by gains from extinguishing debt, improved operating margins, lower interest expenses, and international store growth. Diluted EPS was $0.31, up from $0.17 in the prior year. Same store sales were flat in the US while growing 2.7% internationally. The company repurchased $71.8 million of debt during the quarter and $140 million year-to-date, realizing pre-tax gains.
1. Burlington Northern Santa Fe reported first quarter 2002 earnings of $0.45 per share, up from $0.34 per share in first quarter 2001, which included non-recurring losses.
2. Freight revenues decreased 6% to $2.14 billion due to softer demand across all major product sectors and mild winter weather reducing coal shipments.
3. Operating expenses decreased 4% to $1.8 billion due to reductions in fuel costs, compensation, and equipment rents, partially offsetting the revenue decline.
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2001. It includes key financial information such as earnings results for Q4 and full year 2001, operating revenues and expenses, balance sheet information, and cash flow information. Specifically, it notes that Q4 2001 earnings were $0.46 per share including workforce reduction costs, or $0.57 per share excluding those costs. For the full year, earnings were $1.87 per share including unusual items, or $2.08 per share excluding unusual items. It also highlights free cash flow of $443 million for the full year, up 3% from 2000.
Telecom Italia 1H 2011 Results (Patuano)Gruppo TIM
1) Telecom Italia Group reported its 1H 2011 results, with a focus on progress in the Domestic business.
2) In Mobile, customer base rebuilding was on track, while macroeconomic pressures impacted business revenues. Service revenues declined 7.7% YoY.
3) In Fixed, core domestic service revenues stabilized QoQ at -3.5% YoY decline. Broadband net adds slowed to 65k due to weak market growth.
4) Cash costs as a percentage of revenues declined slightly to 65.9%, as cost rationalization efforts continued.
Telecom Italia 1Q 2012 Results - Franco Bernabè (10/05/2012)Gruppo TIM
1) Telecom Italia Group reported revenues of €7.39 billion in 1Q12, up 5.3% year-over-year, and EBITDA of €2.97 billion, up 0.5%.
2) Revenues grew in Brazil (+19.1%) and Argentina (+24.0%), while declining in Italy (-2.4%). EBITDA increased in Brazil (+13.5%) and Argentina (+16.6%) but fell in Italy (-3.4%).
3) The Group is progressing on its debt reduction plan, with adjusted net debt of €30.31 billion in 1Q12, down from €30.41 billion at 2011 year-
Investor Meetings - Paris - Franco Bernabe' presentation (July, 3 - 4 2012)Gruppo TIM
This document provides an overview and agenda for Telecom Italia Group's investor meetings in Paris on July 3-4, 2012. It includes key figures for FY2011, a breakdown of revenues across core markets, strategic priorities for 2012-2014, and financial guidance for FY2012 and the 2012-2014 plan. The agenda covers a Telecom Italia Group overview, 1Q12 results, a focus on ultra-broadband (UBB), financial position and targets, and sustainability. Forward-looking statements are presented but actual results may differ due to risks and uncertainties.
Investor Meetings - Hong Kong and Singapore - Alex Bolis presentation (June 2...Gruppo TIM
Telecom Italia Group held investor meetings in June 2012 to provide an overview of the company, highlight its leadership positions across key markets including Italy, Brazil, and Argentina, and outline its strategic priorities of proactively managing the domestic market in Italy for cash generation while continuing business expansion in Brazil and managing growth and profitability in Argentina.
Internet es una vía por la que nuestros hijos e hijas caminarán en el futuro: vigilemos para que lo hagan de forma segura.
Este documento puede ser útil para que padres y madres hagan una lectura comentada o compartida con sus hijos e hijas y traten algunos aspectos fundamentales para la utilización segura de Internet.
Este documento presenta 10 medidas para prevenir y atacar el matoneo. Estas incluyen no pedirle al hijo que resuelva solo el problema con violencia, evitar gritos o insultos en casa, enseñar a controlar las emociones e impulsos, determinar límites de conducta, relacionarse con los amigos del hijo, enseñar a reconocer errores y pedir disculpas, trabajar con la escuela para resolver problemas de forma inmediata, hablar con los profesores para mantenerse informado, demostrar amor pero dejar claras las consec
Deutsche Bank Access Italy Conference - Marco Patuano presentation (17/05/2012)Gruppo TIM
Telecom Italia provided a progress report on its domestic business in the first quarter of 2012. Revenues declined 2.4% due to decreases in both the fixed and mobile businesses. EBITDA declined 3.4% while EBITDA-CAPEX declined slightly by 0.2%. In the fixed business, broadband subscriber growth and ARPU increases helped offset declines in voice revenues. In mobile, service revenues declined around 4.5% normalized for the leap year, while the customer base continued growing through increased bundling of options. Management remains focused on ultra-broadband expansion and ongoing cost efficiency initiatives.
Vodafone Group Plc announced its half-yearly results for the six months ended 30 September 2008. Revenue increased 17.1% to £19.9 billion driven by acquisitions, though organic revenue growth was only 0.9%. Adjusted operating profit grew 10.5% to £5.8 billion due to revenue growth and a lower effective tax rate, partially offset by higher customer investment costs. Free cash flow increased 15.9% to £3.1 billion. The company increased its full-year free cash flow guidance to £5.2-5.7 billion due to improved operational performance and foreign exchange benefits.
Telecom Italia reported its 1Q 2010 results. Key highlights include:
- Group revenues declined 0.7% year-over-year reported but organic revenues declined 4.7% due to currency impacts.
- Group EBITDA increased 3.2% reported and was stable year-over-year on an organic basis.
- Cash costs were reduced through focus on the domestic and Brazilian markets, with domestic cash costs declining 10.5% year-over-year.
- Net income grew 30.7% year-over-year due to cost controls and contributions from the Brazilian business.
Telecom Italia 1H 2011 Results (Bernabè)Gruppo TIM
Telecom Italia Group reported strong free cash flow generation of 2.5 billion euros in 1H 2011, a 16.7% increase over the prior year. Group revenues increased 10% to 14.5 billion euros due primarily to growth in Brazil and Argentina, though organic revenues grew just 1%. EBITDA rose 4.3% to 6 billion euros but declined organically by 2% due to pressures in the domestic Italian market. Net income before a 3.2 billion euro goodwill writedown was 1.4 billion euros, a 12.5% increase, demonstrating a continued focus on financial discipline.
Telecom Argentina - Full Year 2011 Preliminary Results & 2012-14 Plan Outline...Gruppo TIM
Telecom Italia's preliminary full-year 2011 results showed strong growth. Revenues increased 26.5% to €3.22 billion and EBITDA rose 24.1% to €1.035 billion. The company's mobile business in Argentina performed well, with market share gains and a 16% increase in average revenue per user. Looking ahead, Telecom Italia outlined plans to continue expanding its customer base and driving revenue growth through 2014.
Telecom Italia – Telecom Argentina FY 2011 Preliminary Results and 2012‐14 Pl...Gruppo TIM
Telecom Italia's preliminary full-year 2011 results showed strong growth. Revenues increased 26.5% to €3.22 billion and EBITDA rose 24.1% to €1.035 billion. The company's mobile business in Argentina performed well, gaining market share and increasing average revenue per user by 16%. Looking ahead, Telecom Italia outlined plans to continue investing in growth through 2014 to further expand its networks and services.
The document summarizes Credit Suisse's second quarter 2002 results. Key points include:
- Net operating profit declined 88% from the prior year due to investment losses and impairments. Reported net profit also declined significantly.
- Actions were taken to protect and strengthen the capital base at Winterthur, including reducing equity investment allocation and improving underwriting performance.
- Total assets under management declined 8% from the prior quarter due to market declines partially offset by net inflows in private banking.
- Operating expenses remained stable compared to the prior quarter through cost reductions, while credit costs rose in line with the deteriorating credit environment.
Telecom Italia Group reported results for the first 9 months of 2009. The key highlights included:
1) Improved operating free cash flow generation of 515 million euros, a 15% increase year-over-year.
2) Operating profitability was stable with an EBITDA of 8.6 billion euros and EBITDA margin increasing 1.8 percentage points.
3) Strong cash cost control with cash costs decreasing 1.146 billion euros, or 7.3%, year-over-year.
The document summarizes Ideiasnet's 1Q09 earnings. It saw a 4.5% increase in net revenue but a 60% decrease in EBITDA. The e-commerce segment grew revenues and EBITDA while infrastructure/telecom revenues slightly declined with negatively impacted EBITDA. Media/content grew revenues with negative EBITDA due to investments. The company invested R$7.9 million in its portfolio and saw a decrease in net debt. Overall revenues grew but margins compressed, impacting net income.
- Comcast reported increased revenue, operating cash flow, and operating income for Q1 2009 compared to Q1 2008. Revenue grew 5% to $8.8 billion while operating cash flow grew 8% to $3.4 billion and operating income grew 16% to $1.8 billion.
- EPS grew 13% to $0.27 per share from $0.24 in Q1 2008. Adjusted EPS, which excludes a one-time gain, grew 42% to $0.27.
- Free cash flow increased 95% to $1.4 billion driven by lower capital expenditures and growth in operating cash flow.
JPMorgan Chase reported third quarter 2008 net income of $527 million, which included several significant items related to the Washington Mutual acquisition. Excluding merger-related items, net income was $1.167 billion. Revenue decreased 18% from the previous quarter to $16.088 billion, while credit costs increased 9% to $4.684 billion. Retail Financial Services reported net income of $247 million on total revenue of $4.875 billion, up 16% year-over-year, though credit costs increased due to higher loss estimates for home lending. The Investment Bank reported net income of $882 million on revenue of $4.035 billion, though results were impacted by $3.6 billion in
This document summarizes Northrop Grumman's Q3 2008 financial results. It highlights increases in sales, earnings per share, cash from operations, and new business awards compared to Q3 2007. The CEO also notes share repurchases, a record backlog, opportunities for growth, and raised guidance for full year EPS. Updates are provided on major defense programs and milestones. The CFO discusses the company's liquidity, risk mitigation efforts, and negotiating better contracts. Projections for full year 2008 sales, margins, cash flow, and earnings are included. Potential impacts of market declines on 2009 pension expenses are also estimated.
This document summarizes Northrop Grumman's Q3 2008 financial results. It highlights increases in sales, earnings per share, cash from operations, and new business awards compared to Q3 2007. The CEO also notes share repurchases, a record backlog, opportunities for growth, and raised guidance for full year EPS. Updates are provided on major defense programs and milestones. The CFO discusses the company's liquidity, risk mitigation efforts, and negotiating better contracts. Projections for full year 2008 sales, margins, cash flow, and earnings are included. Potential impacts of market declines on 2009 pension expenses are also estimated.
This document summarizes Northrop Grumman's Q3 2008 financial results. It highlights increases in sales, earnings per share, cash from operations, and new business awards compared to Q3 2007. The CEO also notes share repurchases, a record backlog, opportunities for growth, and raised guidance for full year EPS. Updates are provided on major defense programs and milestones. The CFO discusses the company's liquidity, risk mitigation efforts, and negotiating better contracts. Projections for full year 2008 sales, margins, cash flow, and earnings are included. Potential impacts of market declines on 2009 pension expenses are also estimated.
Fonterra Co-operative Group Limited reported its results for the six months ended January 31, 2009. Revenue from the sale of goods increased 9.6% to $8.035 billion compared to the previous corresponding period. Profit attributable to shareholder suppliers remained at $Nil for the current period and previous corresponding period. Key financial metrics such as debt to equity ratio increased to 373.88% from the prior year ratio of 238.23%, reflecting higher debt levels.
Pirelli Presentation of 1H 2009 Group Results.
Pirelli & C. Group Revenues: 2,137.6 Million Euros (2,454.8 Million Euros As Of 30 June 2008). Ebit 101.1 Million Euros (180.9 Million Euros As Of 30 June 2008) After Restructuring Charges Of 21.2 Million Euros; Incidence On Revenues Of 4.7% In Line With Industrial Plan Targets. Attributable Consolidated Net Result: 6.3 Million Euros (-36.2 Million Euros As Of 30 June 2008; Total Consolidated Net Result Negative For 12.4 Million Euros (-9.5 Million Euros As Of 30 June 2008), Positive Net Of Further 19.8 Million Euro Writedown Of Telecom Italia Stake. Net Financial Position Negative For 1,107.6 Million Euros, from 1,278.9 Million Euros As Of 31 March 2009.
Pirelli Tyre Revenues 1,915.9 Million Euros (-9.3% On A Like-For-Like Basis, Net Of Exchange Rate Effects, Compared With First Half 2008); Ebit Before Restructuring Costs: 146.5 Million Euros, Or 7.6% Of Revenues. Second Quarter Revenues Up 6.7% Compared With The First Quarter Of 2009; Second Quarter Ebit Margin Before Restructuring Charges Rose To 8.6% From 8.1% In The Second Quarter Of 2008.
More on: http://www.pirelli.com/web/investors/presentation/archive_pres/default.page
The document provides an overview of Deutsche Telekom's Q4 2011 results. Key highlights include:
- Revenue declined 3.7% year-over-year to €14.9 billion due to foreign exchange impacts. Adjusted EBITDA rose 1.3% to €4.6 billion.
- In Germany, revenue fell 6.1% but adjusted EBITDA margin improved 1.2 percentage points to 37.8% due to cost cutting.
- The company maintained its leading position in the German broadband and mobile service markets.
This document provides a summary of SAP AG's preliminary fourth-quarter and full-year 2009 results. It includes an overview of SAP's income statement, balance sheet, cash flow analysis, and U.S. GAAP to IFRS reconciliation for 2009. Additionally, it provides SAP's business outlook for 2010, expecting full-year non-IFRS total revenue to grow by 5-7% at constant currencies and non-IFRS operating profit to grow by 9-12% at constant currencies.
Telecom Italia 3Q 2011 Results (Bernabè)Gruppo TIM
Telecom Italia reported 9M 2011 results with key achievements including a 10.9% increase in reported revenues to €22.06 billion and an 8.3% increase in reported EBITDA to €9.18 billion. Organic revenues grew 1.9% to €22.06 billion while organic EBITDA declined 1% to €9.23 billion. Operating free cash flow increased 61.9% to €4.52 billion. The company focused on its core markets of Italy, Brazil, and Argentina, with Brazil revenues up 17.5% and Argentina revenues up 27.4% organically.
The document summarizes the financial results of Ideiasnet for 4Q09 and full year 2009. Key highlights include:
- Combined proportional net revenue was R$841.3 million in 2009 and R$233.1 million in 4Q09.
- Proportional EBITDA was R$6.5 million in 2009 and R$5.1 million in 4Q09.
- Proportional net loss was R$13.0 million in 2009 and R$6.1 million in 4Q09.
- Non-cash accounting adjustments resulted in a consolidated net loss of R$46.3 million.
Similar to TI FY 2009 - 2009 Results and the 2010-2012 Strategic Plan Update (20)
TIM GROUP FY '23 Preliminary Results.pdfGruppo TIM
On February 15, 2024, TIM management has presented in conference call its FY 2023 preliminary results approved by the Board of Directors.
Il 15 febbraio 2024 il management di TIM ha presentato in conference call i risultati preliminari del FY 2023 approvati dal Consiglio di Amministrazione.
Il 9 novembre 2023 il management di TIM ha presentato in conference call i risultati del Q3 2023 approvati dal Consiglio di Amministrazione.
On November 9, 2023, TIM management has presented in conference call its Q3 2023 results approved by the Board of Directors.
- TIM Group reported Q2 2023 results fully in line with FY guidance, with H1 service revenues and EBITDA supporting FY targets.
- Domestic operations showed steady improvement, with revenues back to growth and EBITDA stabilized. Positive drivers in H2 are expected to support guidance achievement.
- TIM entities delivered results with growth in key KPIs. The transformation plan achieved ~€0.2bn additional savings in Q2 towards the €0.8bn incremental target for 2023.
- The delayering plan remains on track, with a binding offer for NetCo expected by September 30th.
In the Q2 2023 results document:
1) TIM Group reported results fully in line with FY guidance, with H1 service revenues and EBITDA supporting FY targets. Domestic operations showed steady improvement with revenues back to growth and EBITDA stabilized.
2) TIM Entities delivered strong results, with TIM Consumer showing a recovery in mobile KPIs and stabilized fixed business. TIM Enterprise reported positive revenue growth and a strong sales pipeline. NetCo saw continued fiber rollout and revenue growth.
3) TIM Brasil over-delivered on growth targets thanks to mobile performance and Oi integration synergies, with improving margins and a robust cash position.
1) TIM Group reported improving trends in Q1 2023 results, with organic growth in key metrics like revenues and EBITDA.
2) The main TIM entities - TIM Consumer, TIM Enterprise, NetCo and TIM Brasil - delivered good results and are making progress on their strategic plans.
3) TIM's transformation plan achieved €0.2 billion in savings in Q1, reaching 26% of the incremental 2023 target. The plan aims to simplify costs and enhance efficiency.
FY 2022 Preliminary Results and 2023-‘25 PlanGruppo TIM
The document provides an overview of TIM Group's preliminary FY 2022 results and 2023-2025 strategic plan. Key highlights include:
- FY 2022 results were above guidance targets despite macro headwinds, with service revenue decline of -1.5% YoY and EBITDA decline of -6.7% YoY.
- The 2023-2025 strategic plan focuses on five pillars - operational turnaround, sound financial structure, leadership in digitalization, new growth opportunities, and efficiency improvements.
- Priority initiatives include stabilizing the consumer business, growing enterprise services, efficient fiber rollout, and leveraging leadership in Brazil to accelerate growth.
The document provides an overview of TIM Group's Q3 2022 results. Key highlights include:
- Group revenues returned to growth year-over-year, with service revenues growing for the second consecutive quarter.
- Domestic KPI trends improved further, with fixed and mobile service revenues declining less year-over-year.
- The transformation plan is fully on track, with around 90% of the 2022 cost savings target already achieved.
- TIM Brasil continues growing strongly, benefiting from its value strategy and integration of Oi assets.
In Q2 2022, TIM Group reported revenues of €3.9 billion, down 1.4% year-over-year. Domestic service revenues improved with better fixed line trends in revenue, ARPU, and churn. Mobile trends also improved with human lines stabilizing and churn at its lowest level in 16 years. EBITDA was €1.3 billion, down 12.3% year-over-year, as cost optimization efforts partially offset commercial and industrial cost increases. Net financial debt increased to €19.3 billion after lease liabilities as of June 30, 2022.
TIM held a Capital Market Day on July 7th 2022 to present the rationalization of the TIM Group through the creation of four separate units: NetCo, ServiceCo, TIM Consumer, and TIM Brasil. The presentation addressed the market context and strategic priorities for each unit, outlined their respective perimeters, and shared medium to long-term financial trends and KPIs. TIM also confirmed its strong commitment to reducing leverage and maintaining a sustainable capital structure, and discussed potential M&A options to create value for stakeholders.
I risultati di TIM per il primo trimestre 2022, illustrati in webcast e conference call il 5 maggio 2022.
TIM 2022 First Quarter Results, presented on May 5, 2022, via webcast and conference call.
TIM Group Q3 '21 Results - Leading the Country's digitalizationGruppo TIM
- TIM reported its Q3 2021 results, highlighting growth in key areas such as fiber broadband net additions, mobile service revenue, and cloud revenues.
- TIM is pursuing its "Beyond Connectivity" strategy focused on fiber rollout, digital services, and leveraging opportunities from Italy's National Recovery and Resilience Plan to accelerate digitalization.
- Key growth drivers for TIM include the launch of a new fiber-based sports offering, expanding its digital companies, and pursuing a public-private partnership to create a national cloud hub for the public administration.
- Q2 '21 results show TIM Group revenues back to growth for the first time since Q3 2018, driven by an acceleration in revenue growth in Brazil.
- TIM Domestic saw stable fixed lines, strong UBB net adds, and lower churn. Mobile churn was lower quarter-over-quarter. ICT growth remained strong.
- TIM launched its "Football and Sports" package on TIMVISION in July to become the "home of football" in Italy, including Serie A, Champions League, Europa League, and Olympics content.
- Key growth drivers around fiber deployment, digital services, and public funds are materializing as planned.
- TIM Group reported Q1 2021 results with revenues flat YoY and accelerating cash generation and debt reduction. Net debt was reduced by €2.0bn in Q1.
- For TIM Domestic, fixed service revenues stabilized YoY while mobile service revenues declined slightly. UBB coverage and take up continued to grow.
- Key growth drivers for TIM include the distribution of Italian football exclusively on fiber networks beginning in July 2021, capturing the shift from mobile-only to fixed broadband, leveraging opportunities in beyond connectivity areas, and benefitting from public funds being allocated to Italy's digitalization.
In 2020, TIM achieved its key financial and operational targets despite the challenges of COVID-19:
- It stabilized domestic service revenues and EBITDA in the fourth quarter after declines earlier in the year.
- It turned its fixed customer base to growth in the fourth quarter for the first time since 2001 and improved mobile customer trends.
- It reduced domestic addressable costs by 9.5% through process improvements and digitalization initiatives.
TIM Group - Sustainability Financing FrameworkGruppo TIM
1) TIM Group is committed to sustainability, with a plan to become carbon neutral by 2030 and improve eco-efficiency.
2) They have a long history of sustainability reporting and participation in ESG indexes. Their risk score from Sustainalytics is low.
3) TIM has achieved results in reducing energy consumption and increasing renewable energy usage while growing traffic volumes. They offer green products and services to help customers lower environmental footprints.
- TIM reported results for Q3 2020, showing improving trends in Italy and growth resuming in Brazil. Key performance indicators in Italy are stabilizing as the "Fix the fixed" strategy delivers results in halting customer line losses.
- Organic cash generation remained strong in Q3, with Equity Free Cash Flow increasing 22% year-over-year. Net debt was reduced by €0.4 billion compared to the previous quarter through organic improvement.
- Guidance for 2020-2022 is reiterated, with expectations for low to mid-single digit organic growth in service revenues and EBITDA, and a cumulative €4.5-5 billion in Equity Free Cash Flow over the period.
FiberCop will be the leading Italian fiber infrastructure wholesaler, created through the carving out of TIM's passive secondary network. KKR will acquire a 37.5% stake in FiberCop for €1.8 billion, valuing FiberCop at €4.7 billion. The transaction is intended to accelerate fiber rollout in Italy while deleveraging TIM. A letter of intent was also signed for FiberCop to potentially merge with Open Fiber to form a single national fiber network called AccessCo. This transaction aims to unlock value for TIM through network investments and multiple expansion.
- TIM Group reported results for Q2 2020, highlighting improving KPIs and continued progress on its debt reduction and single network plans.
- Customer satisfaction increased along with strong mobile additions and improved fixed line metrics pointing to better full year performance.
- Organic cash generation continued and net debt decreased significantly during the quarter.
- TIM is co-investing with Fastweb and KKR towards the Italian single network through the carve out of its secondary fiber network assets into FiberCop, allowing it to complete fiber rollout while further reducing debt.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
2. Safe Harbour
These presentations contain statements that constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements appear in a number of places in this
presentation and include statements regarding the intent, belief or current expectations of the customer base,
estimates regarding future growth in the different business lines and the global business, market share,
financial results and other aspects of the activities and situation relating to the Company and the Group.
Such forward looking statements are not guarantees of future performance and involve risks and uncertainties,
and actual results may differ materially from those projected or implied in the forward looking statements as a
result of various factors.
Forward-looking information is based on certain key assumptions which we believe to be reasonable as of the
date hereof, but forward looking information by its nature involves risks and uncertainties, which are outside our
control, and could significantly affect expected results.
Analysts are cautioned not to place undue reliance on those forward looking statements, which speak only as of
the date of this presentation. Telecom Italia S.p.A. undertakes no obligation to release publicly the results of any
revisions to these forward looking statements which may be made to reflect events and circumstances after the
date of this presentation, including, without limitation, changes in Telecom Italia S.p.A. business or acquisition
strategy or planned capital expenditures or to reflect the occurrence of unanticipated events. Analysts and
investors are encouraged to consult the Company's Annual Report on Form 20-F as well as periodic filings made
on Form 6-K, which are on file with the United States Securities and Exchange Commission.
1
FRANCO BERNABE’
3. Agenda
TI Group 2009 Results
TI Group 2010-2012 Strategic Plan Update
Focus on Domestic Market
2
FRANCO BERNABE’
4. Confirming Organic 2009 Group Results
Operating Free Cash Flow: 6.3 bln € (+12% YoY)
Focus on TARGET REACHED
Core Organic Domestic Ebitda: 10.1bln € (-2.1% YoY)
Organic Ebitda Margin: 46.5% (+2.3 p.p. YoY)
Markets:
Domestic TARGET REACHED
& Domestic Cash Cost Efficiencies: 0.9 bln € 2009 DPS
Brazil Ord.: 5.0 €/cents
TARGET REACHED
TIM Brasil Ebitda: 1,289 mln € (+9.6% YoY) Sav.: 6.1 €/cents
Ebitda Margin: 25.7% (+2.3 p.p. YoY)
TARGET REACHED
NFP Adj.: 33,949 mln € at YE09 (-577 mln € vs
YE08)
Financial
Discipline
HanseNet Disposal: 0.9 bln € Net Debt Reduction
in Feb.’10
3
FRANCO BERNABE’
5. Strong Operating Free Cash Flow
Euro mln, Reported data
Operating FCF % OFCF on Revenues
+662
6,298
5,636
23.2%
+3.8 p.p.
19.4%
2008 2009 2008 2009
Figures considering HanseNet classified as Discontinued Operations.
4
FRANCO BERNABE’
6. Net Income Evolution
11,115 (5,622)
HanseNet GW
Writedown/Provisions (597)
HanseNet Net Income (23)
(2,154) Other provisions (2)
3,339 (1,121)
(622)
(15) 1,581
EBITDA Deprec. / Net Interest & Income Taxes Net Income Minorities Net Income
Reported Amortiz.* Net Income Before Taxes of assets 2009
/Equity & Disc.Ops. disposed
vs.
+0.2% -0.5% -15.3% +15.4% +65.6% -27.4%
FY 2008
* Including gains/losses of non current assets realization
5
FRANCO BERNABE’
8. Focus on TI Sparkle Provision
Euro mln
2005-2007 Revenues and Commercial Margin
TI Sparkle Provision 2005-2009
Restatement
FY ’07: 70 Mln Commercial
FY ’06: 256 Mln Revenues
Margin
FY ’05: 77 Mln
72 32 507 Cum.
403 ’07-’05 -1,246 -72
FY ‘07 -169 -13
FY ‘06 -754 -47
VAT* Commercial Interests Total FY ‘05 -323 -12
Margin Provision
* Includes Penalties
No Impact on 2008-2009 Revenues and Ebitda
2008-2009 Net Income impacted by €10 mln of Annual Financial Charges
7
FRANCO BERNABE’
10. Global Macro Economic and TLC Market Outlook
CAGR% ’10-’12 Brazil 8.6%
+4.5%
Italy
Modest growth for
+1.1% 3.9% 4.5% developed countries
3.0% (in particular WE)
GDP Outlook 1.4%
China and India still
By Geography*
driving emerging
Western North Latin China & Middle East & markets growth
Europe America America India Africa
CAGR% ’10-’12 12.4%
6.5%
Fixed voice decline
Worldwide Mobile voice growth
TLC Market 1.5% driven by emerging
markets
Outlook By
Technology** Mobile BB confirmed
as the new growth
-5.4%
area
Fixed Mobile Fixed Mobile
Voice Voice Data Data
Source: TI processing on Global Insight data
* ** TLC Services Revenue. Source: TI processing on Ovum data
9
FRANCO BERNABE’
11. Key Objectives and Strategic Levers Confirmed
Focus on Domestic Enhanced
Free Cash
Core Flow
Markets Brazil Generation A Platform to
Create Solid
Growth of
No M&A for Geographic Shareholder
Deleverage
Expansion Value
&
Capital
Strengthen
Discipline Balance
Non-Core Assets Disposal Sheet
10
FRANCO BERNABE’
12. TI Domestic: the Transformation Journey
Transformation journey Telcos’ path Telcos’ Main Challenges
High
“Enhanced
Connectivity & Monetize market
Service convergence
Company”
“Customer Power”
Customer Loyalty
Market Share
Protection Brand Free Cash Flow
“Lean Reinforcement
Telco”
Generation
“Connectivity & Protect the value of
Transport”
connectivity through a
New Operating Model
Low
Low High
“Efficiency”
11
FRANCO BERNABE’
13. TIM Brasil: a Solid Platform for Growth
Exploiting Market Opportunities
TLC Market (Revenues) Fixed vs. Mobile (Revenues) BB Growth (Users)
122
105
52 26.5
Data 50 49 16.0
Fixed
Fixed
Voice 10.0
Mobile 47 Fixed
48
Data 42 Mobile
Mobile
Voice
Service
2009 2012 2008 2010 2012 2008 2010 2012 Revenues
Growth
&
Building a Platform of Growth
Margin
#1 & #2 Task #3 Task #4 Task #5 Task Improvements
3 Development Waves Intelig: Option Value Network Infrastructure Ebitda% - CAPEX%
MAN
~6% ~15%
Back-hauling 2009* 2012
Penetration Usage Data
EBITDA % CAPEX %
Back-
bone
*: 2009 Proforma Intelig 12 months
Source: TIM Brasil Estimates
12
FRANCO BERNABE’
14. Cash Flow Generation Remains our Key Priority
ORGANIC CAGR
09-12
REVENUES Model Improve
Back to Growth
Change Stabilize
Trend ~1%
Organic
EBITDA 11.4 11.3 Cum. ’10-’12 OFCF*:
~21 bln €
OFCF/Organic Revenues
+3 p.p.
23% ~26%
CAPEX 5.0 4.6 2009 2012
2008 2009 2010 2011 2012
* Based on reported Ebitda and Capex, including working Capital & excluding Sparkle impact.
13
FRANCO BERNABE’
15. Cash Allocation Priorities: Continuous Deleverage
and Shareholders Remuneration
Free Cash Flow Generation Cum. 2010 – 2012 Net Financial Position Adjusted
Euro Bln
Euro Bln
34.5 33.9
29.5 < 28
€5 bln
Net Debt
21 reduction
confirmed
(YE ’11 vs. YE ’08)
-0.5
2008 2009 2011 2012
~1 10.5
-11 Total Shareholders Remuneration
3,08
Euro Bln
~1.0 ~1.0
OFCF Maximum Financial Hansenet FCF
Sparkle Exp./Taxes Disposal before
Impact Dividends
2009 2010 2011 2012
* Source: UBS
14
FRANCO BERNABE’
16. Agenda
TI Group 2009 Results
TI Group 2010-2012 Strategic Plan Update
Focus on Domestic Market
15
FRANCO BERNABE’
17. The Transformation Journey: Business and Operating Model
Speed up Mobile Turnaround
Reverse Consolidate Positive Fixed Momentum
Revenues Exploit Convergent Opportunities on Business segment
Trend
Continue to attack Adjacent Services
“Enhanced
Connectivity & Front-end loaded efficiency program confirmed and
Service Company” Cash Cost extended
Rationalization
New “Lean Company” operating model to better adapt
& Operating to new industry scenario
Model
Selective Capex approach
Reinforce strategic Touch Points and improve assistance
“Lean
Telco”
Excellence in and caring
Customer
“Connectivity & Re-launch Points of Sales
Transport” Satisfaction
& QoE Prepare the network to business evolution
Reduce ex-ante obligations
Regulatory Improve symmetry
Dialogue Set a favourable scenario for NGAN
16
FRANCO BERNABE’
18. Reverse Revenues Trend
Operating Model
Domestic
Customer Satisfaction
Reverse Revenues Trend: TI Priorities
Regulatory Dialogue
Speed-up Mobile CAGR ’09-’12: Broadly stable
turnaround 13% Strategic
Improve Back
Trend Stabilize 16%
to Growth priority
Applications
& Platforms (1)
7% 12%
Broadband (2) Cooperation
Consolidate positive 13%
16%
Fixed momentum Leadership
Access &
Voice (3)
80%
72% Protection
Exploit Convergent
Opportunities
on Business Segment
2009 2010 2011 2012
Continue to Attack (1)
ICT Services, BB Content (Adv., IPTV), Mobile VAS Content
Adjacent Services (2)
Mobile BB, Fixed BB (Access)
(3)
Fixed: Access, Outgoing Voice, Voice VAS, Business Data, Handsets; Mobile: Outgoing
Voice, Messaging, Handsets
17
FRANCO BERNABE’
19. Reverse Revenues Trend
Operating Model
Domestic
Customer Satisfaction
TI Operating Model
Regulatory Dialogue
Integrated, Multi-access,
Network Flexible & Open
IT Lean IT as growth Enabler
Customer Operations End2End & On-line (Multichannel)
Quality Time
Efficiency
of Service to Market
Customer Operations Service Delivery* Progressing on the
Overall Satisfaction 17 Headcount Reduction Plan
Average days Headcount (’000)
7.56 13
7.44 +1.6% 64.1
+5.5% 10 57.4
7.05 9
6 6 - 6.7 - 10% of workforce
vs Jan. 2008
FY ‘08 FY ‘09 1Q ‘10 FY ‘08 FY ‘09 1Q’10 Jan 1, 08 March, 10
* Consumer Voice Retail ADSL Retail
18
FRANCO BERNABE’
20. Reverse Revenues Trend
Operating Model
Domestic
Customer Satisfaction
Cash Cost Rationalization and Efficiency Plan
Regulatory Dialogue
Euro bln, Organic data
Cash Cost 2012 vs 2009 Efficiency YoY
-1.8 bln €
17%
30%
53% 58% Opex
Cash Cost on
69.8% Revenues ~65% 42% Capex
’10 vs ‘09 ’11 vs ‘10 ’12 vs ‘11 Cum. ’09-’12
+1.2
Efficiency by Programs (2009-12)
15.1
Total 1.8
Capex 3.5
1 Network
<14.0 Operations 0.2
-0.6
<3.0 2 MKT &
Distribution 0.4
-1.8 bln €
3 Organization &
Support process 0.2
Opex 11.6 <11.0
Information
4 0.5
Technology
> -1.1 bln €
Customer
5 Operations 0.1
Volume Delivery
2009 ITX Efficiency 2012 6 & Assurance 0.2
driven
7 Buildings and
Cum 09-12 Efficiency 2.7 bln € Energy Mng 0.2
19
FRANCO BERNABE’
21. Reverse Revenues Trend
Operating Model
Domestic
Customer Satisfaction
Selective Capex Approach
Regulatory Dialogue
Capex by Function Key Highlights
Euro bln, % - Organic data
Total 3.5 Cum ‘10-’12 ~9€ bn Rebalancing Commercial Capex: strong effort
Comm. - Other 0.8 to reposition Sales Network PoS self-financed
by lower handset subsidies
Network & IT 2.7 Access Network Capex focused on BroadBand
development (Fixed and Mobile)
2009 2010 2011 2012 IT reduction driven by leaner architectures
and vendors consolidation
Capex by Destination
Total 3.5
Business Maintenance slight reduction driven
by network optimization
1,7 Business Increasing focus on Capex related to
57% 58% 59% Development
business development to improve network
capacity and efficiency
Business
43% 42% 41% Maintenance
Selective approach on NGN development
2009 2010 2011 2012
20
FRANCO BERNABE’
22. Reverse Revenues Trend
Operating Model
Domestic
Customer Satisfaction
Excellence in Customer Satisfaction
Regulatory Dialogue
& Quality of Experience
Goals Actions KPIs
Brand and Communication: Customer Satisfaction Index
CAGR ‘09-’12: 2%
Consistency and uniqueness in
CAGR: 2.1%
Communication Plan
72.70
Offer Proposition: 68.60
66.16
Portfolio simplification
Reach excellence in Solid and consistent “Customer centric” value
Customer service IQ '08 IVQ '09 Tgt '12
proposition
increasing perceived
quality of the most Closeness to the customers with re-launch of the
important “Touch Points of Sales as strategic Touch Points and new
Point” for the Mobile Broadband Accessibility
initiatives for selected Business/TOP customers
Customer
99.5% 99.5%
Technical Quality increase technical quality of 98.7% 99.4%
broadband network (F-M) and reduce fault rates.
Leverage on past strong investment in capacity to
support mobile data traffic 2009 2010 2011 2012
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FRANCO BERNABE’
23. Reverse Revenues Trend
Operating Model
Domestic
Customer Satisfaction
Regulatory Main Goals
Regulatory Dialogue
Reduction of the ex–ante obligations enhancing pricing flexibility on access and
Retail traffic services
markets
New pricing test rules aimed at improving TI’s retail competitiveness
Reduce the gap with the European average on ULL monthly fee
Wholesale
markets Achieve a real symmetry in fixed termination charges between TI and Alternative
Operators
Fully NGAN symmetrical regulatory approach where no bottlenecks exist
NGAN NGAN access prices based on a “risk premium”
Geographical differentiation of NGAN access obligations and pricing
22
FRANCO BERNABE’