1) Tele Celular Sul Participações S.A. announces its results for the fourth quarter and full year 1999, with a solid increase in its customer base to over 1 million, a 70% growth.
2) For 1999, the company achieved a 33% increase in gross operating revenue to R$857.6 million and net revenue of R$680.4 million, maintaining its leading 86% market share in southern Brazil.
3) Costs increased due to network growth and depreciation changes, while marketing expenses rose to support the transition to a more competitive environment and encourage customers to migrate to digital service.
- Tele Celular Sul Participações S.A. announced its first quarter 2000 results, with consolidated net profit of R$11.8 million.
- Key highlights included 133,500 gross additions in the quarter, maintaining an 85% market share, and EBITDA of R$61.1 million with a margin of 32%.
- The company continued investing in expanding and digitalizing its network, with 84% of base stations now digital.
The document discusses AES Brasil Group, which serves 7 million clients through its various electricity distribution companies in Brazil. It had revenues of R$3.2 billion and net income of R$1.9 billion in 2009. AES Eletropaulo is one of its key subsidiaries. It is the largest electricity distribution company in Latin America, serving 5.9 million consumption units in the wealthy São Paulo metropolitan area through 46,000 km of lines.
Citi's 3rd Annual Brazil Equity ConferenceAES Tietê
- AES Brasil Group is one of Brazil's largest private power companies, serving over 7 million clients through distribution and generation businesses.
- In 2009, AES Brasil had net income of R$1.9 billion and EBITDA of R$3.2 billion.
- AES Eletropaulo is Brazil's largest electricity distribution company by number of clients, serving over 5.9 million clients in the São Paulo metropolitan region. In the first quarter of 2010, AES Eletropaulo had net revenue of R$2.1 billion and EBITDA of R$341 million.
Press Release 1 Q04 Tele Nordeste Celular EnTIM RI
Tele Nordeste Celular Participações S.A. announced its results for the first quarter of 2004. Key highlights include:
1) Gross additions of 177,368 lines, a 45.7% increase year-over-year.
2) Net additions of 90,298 lines, a 75.8% increase year-over-year, bringing total lines to 2.3 million.
3) Consolidated net revenue increased 4.8% to R$250.8 million. EBITDA increased 6.2% to R$107.9 million.
4) Net income increased 42.4% to R$47 million.
- Tele Celular Sul Participações S.A. is a holding company for cellular telecom providers in southern Brazil that announced its 4th quarter and full year 2000 results.
- In 2000, it reached 1.416 million subscribers, a 37% increase, with a 75% market share. EBITDA was R$218.7 million for the year, a 28% increase over 1999.
- For 4Q2000 specifically, subscribers grew to 1.416 million, EBITDA was R$67.3 million with a margin of 38%, and net income was R$8.2 million.
Viacom reported higher third quarter 2004 results, with net earnings increasing 12% to $723 million. The company also announced a $8 billion stock repurchase program and a 16.7% increase to its quarterly dividend. Key results included revenue growth of 4% to $5.5 billion and operating income growth of 5% to $1.34 billion, led by increases at Cable Networks, Television, and Outdoor segments. Viacom expects full-year 2004 revenue growth of 8%, operating income growth of 14%, and earnings per share growth of 16%.
Viacom reported record second quarter 2004 results, with operating income up 10% and diluted EPS up 16% compared to the second quarter of 2003. Revenue increased 7% due to double-digit operating income and revenue growth in the Cable Networks and Television segments. Advertising revenues climbed 11% to $3.4 billion. The results were led by strong performances from the Cable Networks and Television segments, which account for over 70% of the Company's operating income. Free cash flow increased 14% to $1 billion.
ConferêNcia Bear Stearns 2006 Telecom & MíDia AméRica Do Sul EnTIM RI
TIM Participações S.A. is Brazil's sole fully integrated nationwide mobile operator with a 24.9% market share. It has rapidly grown its customer base to 23.6 million subscribers and closed the market share gap with the leading player. TIM focuses on innovation through offerings like TIM Casa and targets high value customers. It has combined strong top-line growth with healthy margin expansion through its leading position, commercial strategy emphasizing value-added services and distribution, and caring customer experience.
- Tele Celular Sul Participações S.A. announced its first quarter 2000 results, with consolidated net profit of R$11.8 million.
- Key highlights included 133,500 gross additions in the quarter, maintaining an 85% market share, and EBITDA of R$61.1 million with a margin of 32%.
- The company continued investing in expanding and digitalizing its network, with 84% of base stations now digital.
The document discusses AES Brasil Group, which serves 7 million clients through its various electricity distribution companies in Brazil. It had revenues of R$3.2 billion and net income of R$1.9 billion in 2009. AES Eletropaulo is one of its key subsidiaries. It is the largest electricity distribution company in Latin America, serving 5.9 million consumption units in the wealthy São Paulo metropolitan area through 46,000 km of lines.
Citi's 3rd Annual Brazil Equity ConferenceAES Tietê
- AES Brasil Group is one of Brazil's largest private power companies, serving over 7 million clients through distribution and generation businesses.
- In 2009, AES Brasil had net income of R$1.9 billion and EBITDA of R$3.2 billion.
- AES Eletropaulo is Brazil's largest electricity distribution company by number of clients, serving over 5.9 million clients in the São Paulo metropolitan region. In the first quarter of 2010, AES Eletropaulo had net revenue of R$2.1 billion and EBITDA of R$341 million.
Press Release 1 Q04 Tele Nordeste Celular EnTIM RI
Tele Nordeste Celular Participações S.A. announced its results for the first quarter of 2004. Key highlights include:
1) Gross additions of 177,368 lines, a 45.7% increase year-over-year.
2) Net additions of 90,298 lines, a 75.8% increase year-over-year, bringing total lines to 2.3 million.
3) Consolidated net revenue increased 4.8% to R$250.8 million. EBITDA increased 6.2% to R$107.9 million.
4) Net income increased 42.4% to R$47 million.
- Tele Celular Sul Participações S.A. is a holding company for cellular telecom providers in southern Brazil that announced its 4th quarter and full year 2000 results.
- In 2000, it reached 1.416 million subscribers, a 37% increase, with a 75% market share. EBITDA was R$218.7 million for the year, a 28% increase over 1999.
- For 4Q2000 specifically, subscribers grew to 1.416 million, EBITDA was R$67.3 million with a margin of 38%, and net income was R$8.2 million.
Viacom reported higher third quarter 2004 results, with net earnings increasing 12% to $723 million. The company also announced a $8 billion stock repurchase program and a 16.7% increase to its quarterly dividend. Key results included revenue growth of 4% to $5.5 billion and operating income growth of 5% to $1.34 billion, led by increases at Cable Networks, Television, and Outdoor segments. Viacom expects full-year 2004 revenue growth of 8%, operating income growth of 14%, and earnings per share growth of 16%.
Viacom reported record second quarter 2004 results, with operating income up 10% and diluted EPS up 16% compared to the second quarter of 2003. Revenue increased 7% due to double-digit operating income and revenue growth in the Cable Networks and Television segments. Advertising revenues climbed 11% to $3.4 billion. The results were led by strong performances from the Cable Networks and Television segments, which account for over 70% of the Company's operating income. Free cash flow increased 14% to $1 billion.
ConferêNcia Bear Stearns 2006 Telecom & MíDia AméRica Do Sul EnTIM RI
TIM Participações S.A. is Brazil's sole fully integrated nationwide mobile operator with a 24.9% market share. It has rapidly grown its customer base to 23.6 million subscribers and closed the market share gap with the leading player. TIM focuses on innovation through offerings like TIM Casa and targets high value customers. It has combined strong top-line growth with healthy margin expansion through its leading position, commercial strategy emphasizing value-added services and distribution, and caring customer experience.
This document provides an overview of Deutsche EuroShop, a German company that invests solely in shopping centers. It discusses Deutsche EuroShop's equity story, key figures, lease system, targets, and an overview of its shopping centers in Germany. Deutsche EuroShop owns interests in 19 shopping centers across Germany, Poland, Austria and Hungary, with a total lettable space of approximately 905,000 square meters. It focuses on long-term growth and stable increases in portfolio value through a buy and hold strategy and dividend payments.
Viacom reported record third quarter 2003 results, with revenues increasing 5% to $6.60 billion and operating income rising 7% to $1.38 billion. Advertising revenues grew 8% to $2.88 billion. Earnings per share increased to $0.40 from $0.36 in the prior year. The company expects continued growth in 2004, forecasting revenue growth of 5-7% and earnings per share growth of 13-15%. Segment operating income rose significantly across Cable Networks, Television, and Video. The company reiterated 2003 guidance and sees strong growth continuing into 2004.
Net earnings from continuing operations increased 9% to $393 million in the second quarter of 2007 compared to the prior year. Free cash flow also increased 4% to $571 million. Revenue decreased 3% to $3.4 billion due to factors such as the absence of UPN and divestitures of radio and television stations. However, operating income was flat at $750 million as increases in some segments offset declines in others. The company also completed the acquisition of Last.fm, a music discovery network, during the quarter.
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.
This document provides an overview of Deutsche EuroShop AG, a German company that invests solely in shopping centers. Some key points:
- Deutsche EuroShop owns interests in 19 shopping centers located in Germany, Poland, Austria and Hungary, with a total lettable space of approximately 905,000 square meters.
- The company focuses on long-term growth and stable increases in portfolio value through a "buy and hold" strategy. It aims to extend its portfolio by 10% annually.
- Shopping centers provide stable returns through long-term lease agreements with mostly well-known retailers. Rents are linked to sales volumes and inflation.
- Financial results have shown steady growth in revenue, earnings, and
The document summarizes the 2006 results of an energy company. Some key highlights include:
1) Adjusted EBITDA was R$2.49 billion in 2006, 16.7% higher than 2005. Net profit was R$373.4 million compared to a loss in 2005.
2) Debt was reduced by 19.8% and credit ratings were increased.
3) The captive electricity market grew 5.1% excluding free consumers. Total market increased 4.6% to 38,183 GWh.
4) Technical and commercial losses decreased while collection rates remained steady at over 99%. Fraud detection and clandestine connections were reduced.
This document summarizes the financial results of Vivo Participações S.A. for the first quarter of 2009. Key highlights include a 21.4% increase in net service revenue compared to the same period last year. EBITDA grew 25.2% year-over-year with an EBITDA margin of 29.9%. Data and value-added services revenue increased 29% and now make up 12.1% of net service revenue. Total customers increased by over 7 million compared to the previous quarter. Capex was focused on increasing network capacity and expanding 3G coverage.
Agree Realty Corporation reported operating results for the first quarter of 2009. FFO per diluted share increased 9.1% year-over-year to $0.67. Net income was $4.01 million, or $0.51 per diluted share. The portfolio was 98.2% leased with 70 properties across 16 states totaling 3.5 million square feet. Major tenants include Borders, Walgreens, and Kmart, who make up 69% of total annual base rent.
Tele Celular Sul Participações S.A. announced its results for the third quarter of 1999, with operating revenue reaching R$206.3 million, a 30% increase over the previous year. Total subscribers grew 64% to 891,000. EBITDA for the quarter was R$23 million, down from subsidies related to phone sales and incentives for customers switching to digital service. Costs increased due to higher customer acquisition costs, a more conservative doubtful accounts policy, and inventory adjustments for used analog phones.
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.
Press Release 3 Q00 Tele Nordeste Celular EnTIM RI
Tele Nordeste Celular Participações S.A. announced its third quarter 2000 results. Key highlights include:
- Client growth was up 9% from the previous quarter to 1,482,673 total clients.
- Market share remained stable at 65% and EBITDA increased 12% to R$58.8 million.
- Operating expenses decreased 7% while bad debt expenses decreased 10% compared to the previous quarter.
- New products and services were introduced including TIMnet.com portal and Timmy Empresarial prepaid product for businesses.
news corp 2nd Qtr - FY05 - December 31, 2004 - US Dollars finance9
News Corporation reported operating income of $954 million for the quarter ended December 31, 2004, an increase of 24% from the previous year. Revenues increased 18% to $6.6 billion. Net income increased 80% to $386 million. Key contributors to growth were strong home entertainment sales and cable network advertising revenue increases. The Filmed Entertainment and Cable Network Programming segments saw double-digit operating income increases.
Viacom reported strong financial results for Q2 2003, with revenues up 10% and operating income up 12%. Net earnings increased 21% and earnings per share grew to $0.37 from $0.31 in Q2 2002. Additionally, Viacom initiated a $0.06 quarterly cash dividend. Nearly all business segments experienced double-digit operating income growth, led by Cable Networks at 33% and Video at 46% growth. Looking ahead, Viacom expects high-single digit revenue growth and double-digit operating income growth for 2003, as well as continued strong growth in 2004.
- Disney reported higher second quarter earnings per share of $0.44, up 19% from the prior year, and strong segment operating income growth across all business segments.
- For the six-month period, earnings per share increased to $1.24 from $0.74 the prior year, reflecting operating gains and asset sales.
- All business segments saw increases in operating income, led by the Media Networks segment from higher affiliate revenues at ESPN and growth at international Disney channels.
This document provides an overview of Deutsche EuroShop AG, a German real estate investment company focused on shopping centers. Some key points:
- Deutsche EuroShop owns interests in 19 shopping centers located primarily in Germany but also in Poland, Austria, and Hungary.
- The company aims for long-term growth and stable increases in portfolio value through a "buy and hold" strategy of acquiring and expanding high-quality shopping centers.
- Shopping centers provide stable returns through long-term lease agreements with mostly inflation-linked rent increases and potential upside from turnover-linked rent components.
- The company targets annual portfolio expansion of 10% through acquisitions and developments to continue growing revenue, FFO, and
The Walt Disney Company reported record earnings for fiscal year 2006, with diluted earnings per share growing 34% over the prior year. All of Disney's operating segments experienced revenue and profit growth. For the full year, revenue increased 7% to $34.3 billion while segment operating income rose 26% and net income grew 33%. Disney's results reflected strong performance across its business segments, including Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products.
The Walt Disney Company reported record earnings for fiscal year 2007, with net income increasing
from $3.4 billion to $4.7 billion compared to the prior year. Earnings per share increased from $1.64
to $2.25. Segment operating income grew 23% led by strong growth at Media Networks and Studio
Entertainment. For the fourth quarter, EPS increased to $0.44 from $0.36 the prior year, with income
from continuing operations up 14% and segment operating income rising 14%.
CBS Corporation reported first quarter 2008 results with increased net earnings, diluted EPS, and free cash flow compared to the same period in 2007. Total revenues were flat due to the absence of Super Bowl broadcast in 2008, while adjusted OIBDA and operating income increased 10% and 11% respectively due to higher television licensing fees and affiliate revenues. The company raised its quarterly dividend by 8% and expects OIBDA and operating income growth of 3-5% for 2008.
Ucapan pengerusi membahas tiga topik utama. Pertama, potensi setiap pelajar dapat dikembangkan dengan tanah subur dan benih yang baik. Kedua, cabaran terbesar adalah mencipta sekolah dan pelajar berwatak. Ketiga, visi dan misi sekolah perlu difahami dan dihayati oleh semua warga sekolah.
In order to achieve anything in business, you need to have a plan, or strategy, and follow that plan through to the end. No matter what you are trying to accomplish, you need to have a plan to guide you.
- TIM Participações S.A. is a major Brazilian telecommunications company with over 70 million customers as of November 2013.
- In the meeting with investors, TIM highlighted its strong market position in Brazil as the number 2 mobile operator, leader in prepaid and long distance. It also emphasized opportunities in continuing voice migration to mobile and leading data and internet growth.
- Recent results show TIM growing its postpaid customer base by 16% year-over-year while maintaining good network quality indicators and improving efficiency through lower subscriber acquisition and bad debt costs.
This document provides an overview of Deutsche EuroShop, a German company that invests solely in shopping centers. It discusses Deutsche EuroShop's equity story, key figures, lease system, targets, and an overview of its shopping centers in Germany. Deutsche EuroShop owns interests in 19 shopping centers across Germany, Poland, Austria and Hungary, with a total lettable space of approximately 905,000 square meters. It focuses on long-term growth and stable increases in portfolio value through a buy and hold strategy and dividend payments.
Viacom reported record third quarter 2003 results, with revenues increasing 5% to $6.60 billion and operating income rising 7% to $1.38 billion. Advertising revenues grew 8% to $2.88 billion. Earnings per share increased to $0.40 from $0.36 in the prior year. The company expects continued growth in 2004, forecasting revenue growth of 5-7% and earnings per share growth of 13-15%. Segment operating income rose significantly across Cable Networks, Television, and Video. The company reiterated 2003 guidance and sees strong growth continuing into 2004.
Net earnings from continuing operations increased 9% to $393 million in the second quarter of 2007 compared to the prior year. Free cash flow also increased 4% to $571 million. Revenue decreased 3% to $3.4 billion due to factors such as the absence of UPN and divestitures of radio and television stations. However, operating income was flat at $750 million as increases in some segments offset declines in others. The company also completed the acquisition of Last.fm, a music discovery network, during the quarter.
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.
This document provides an overview of Deutsche EuroShop AG, a German company that invests solely in shopping centers. Some key points:
- Deutsche EuroShop owns interests in 19 shopping centers located in Germany, Poland, Austria and Hungary, with a total lettable space of approximately 905,000 square meters.
- The company focuses on long-term growth and stable increases in portfolio value through a "buy and hold" strategy. It aims to extend its portfolio by 10% annually.
- Shopping centers provide stable returns through long-term lease agreements with mostly well-known retailers. Rents are linked to sales volumes and inflation.
- Financial results have shown steady growth in revenue, earnings, and
The document summarizes the 2006 results of an energy company. Some key highlights include:
1) Adjusted EBITDA was R$2.49 billion in 2006, 16.7% higher than 2005. Net profit was R$373.4 million compared to a loss in 2005.
2) Debt was reduced by 19.8% and credit ratings were increased.
3) The captive electricity market grew 5.1% excluding free consumers. Total market increased 4.6% to 38,183 GWh.
4) Technical and commercial losses decreased while collection rates remained steady at over 99%. Fraud detection and clandestine connections were reduced.
This document summarizes the financial results of Vivo Participações S.A. for the first quarter of 2009. Key highlights include a 21.4% increase in net service revenue compared to the same period last year. EBITDA grew 25.2% year-over-year with an EBITDA margin of 29.9%. Data and value-added services revenue increased 29% and now make up 12.1% of net service revenue. Total customers increased by over 7 million compared to the previous quarter. Capex was focused on increasing network capacity and expanding 3G coverage.
Agree Realty Corporation reported operating results for the first quarter of 2009. FFO per diluted share increased 9.1% year-over-year to $0.67. Net income was $4.01 million, or $0.51 per diluted share. The portfolio was 98.2% leased with 70 properties across 16 states totaling 3.5 million square feet. Major tenants include Borders, Walgreens, and Kmart, who make up 69% of total annual base rent.
Tele Celular Sul Participações S.A. announced its results for the third quarter of 1999, with operating revenue reaching R$206.3 million, a 30% increase over the previous year. Total subscribers grew 64% to 891,000. EBITDA for the quarter was R$23 million, down from subsidies related to phone sales and incentives for customers switching to digital service. Costs increased due to higher customer acquisition costs, a more conservative doubtful accounts policy, and inventory adjustments for used analog phones.
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.
Press Release 3 Q00 Tele Nordeste Celular EnTIM RI
Tele Nordeste Celular Participações S.A. announced its third quarter 2000 results. Key highlights include:
- Client growth was up 9% from the previous quarter to 1,482,673 total clients.
- Market share remained stable at 65% and EBITDA increased 12% to R$58.8 million.
- Operating expenses decreased 7% while bad debt expenses decreased 10% compared to the previous quarter.
- New products and services were introduced including TIMnet.com portal and Timmy Empresarial prepaid product for businesses.
news corp 2nd Qtr - FY05 - December 31, 2004 - US Dollars finance9
News Corporation reported operating income of $954 million for the quarter ended December 31, 2004, an increase of 24% from the previous year. Revenues increased 18% to $6.6 billion. Net income increased 80% to $386 million. Key contributors to growth were strong home entertainment sales and cable network advertising revenue increases. The Filmed Entertainment and Cable Network Programming segments saw double-digit operating income increases.
Viacom reported strong financial results for Q2 2003, with revenues up 10% and operating income up 12%. Net earnings increased 21% and earnings per share grew to $0.37 from $0.31 in Q2 2002. Additionally, Viacom initiated a $0.06 quarterly cash dividend. Nearly all business segments experienced double-digit operating income growth, led by Cable Networks at 33% and Video at 46% growth. Looking ahead, Viacom expects high-single digit revenue growth and double-digit operating income growth for 2003, as well as continued strong growth in 2004.
- Disney reported higher second quarter earnings per share of $0.44, up 19% from the prior year, and strong segment operating income growth across all business segments.
- For the six-month period, earnings per share increased to $1.24 from $0.74 the prior year, reflecting operating gains and asset sales.
- All business segments saw increases in operating income, led by the Media Networks segment from higher affiliate revenues at ESPN and growth at international Disney channels.
This document provides an overview of Deutsche EuroShop AG, a German real estate investment company focused on shopping centers. Some key points:
- Deutsche EuroShop owns interests in 19 shopping centers located primarily in Germany but also in Poland, Austria, and Hungary.
- The company aims for long-term growth and stable increases in portfolio value through a "buy and hold" strategy of acquiring and expanding high-quality shopping centers.
- Shopping centers provide stable returns through long-term lease agreements with mostly inflation-linked rent increases and potential upside from turnover-linked rent components.
- The company targets annual portfolio expansion of 10% through acquisitions and developments to continue growing revenue, FFO, and
The Walt Disney Company reported record earnings for fiscal year 2006, with diluted earnings per share growing 34% over the prior year. All of Disney's operating segments experienced revenue and profit growth. For the full year, revenue increased 7% to $34.3 billion while segment operating income rose 26% and net income grew 33%. Disney's results reflected strong performance across its business segments, including Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products.
The Walt Disney Company reported record earnings for fiscal year 2007, with net income increasing
from $3.4 billion to $4.7 billion compared to the prior year. Earnings per share increased from $1.64
to $2.25. Segment operating income grew 23% led by strong growth at Media Networks and Studio
Entertainment. For the fourth quarter, EPS increased to $0.44 from $0.36 the prior year, with income
from continuing operations up 14% and segment operating income rising 14%.
CBS Corporation reported first quarter 2008 results with increased net earnings, diluted EPS, and free cash flow compared to the same period in 2007. Total revenues were flat due to the absence of Super Bowl broadcast in 2008, while adjusted OIBDA and operating income increased 10% and 11% respectively due to higher television licensing fees and affiliate revenues. The company raised its quarterly dividend by 8% and expects OIBDA and operating income growth of 3-5% for 2008.
Ucapan pengerusi membahas tiga topik utama. Pertama, potensi setiap pelajar dapat dikembangkan dengan tanah subur dan benih yang baik. Kedua, cabaran terbesar adalah mencipta sekolah dan pelajar berwatak. Ketiga, visi dan misi sekolah perlu difahami dan dihayati oleh semua warga sekolah.
In order to achieve anything in business, you need to have a plan, or strategy, and follow that plan through to the end. No matter what you are trying to accomplish, you need to have a plan to guide you.
- TIM Participações S.A. is a major Brazilian telecommunications company with over 70 million customers as of November 2013.
- In the meeting with investors, TIM highlighted its strong market position in Brazil as the number 2 mobile operator, leader in prepaid and long distance. It also emphasized opportunities in continuing voice migration to mobile and leading data and internet growth.
- Recent results show TIM growing its postpaid customer base by 16% year-over-year while maintaining good network quality indicators and improving efficiency through lower subscriber acquisition and bad debt costs.
The document is a request for proposal from BB&T for banking services for the City of Dania Beach. BB&T outlines its experience providing banking services to governmental agencies, resources, and dedicated team in Broward County to support the City's needs. BB&T emphasizes its community banking model with local decision making and relationship managers to provide superior customer service. BB&T pledges to waive fees, provide dedicated points of contact, discounted pricing, and strategic advisory services to ensure a strong partnership with the City.
The document outlines the Credit Accumulation and Transfer Scheme (CATS) used by the university. It discusses (1) how credits are weighted and equated to student learning hours, (2) how modules are assigned levels, (3) the credit structures required for different qualifications, (4) assessment methods, (5) how qualifications can be awarded, and (6) limits on credit that can be transferred from other institutions.
Pemerintah mengumumkan rencana untuk membangun pusat perbelanjaan baru di pusat kota untuk mendukung pertumbuhan ekonomi. Rencana ini mendapat dukungan dari kalangan bisnis tetapi ditentang oleh kelompok lingkungan karena khawatir akan mengganggu ekosistem setempat. Perdebatan masih berlanjut mengenai dampak sosial ekonomi dan lingkungan dari rencana pembangunan tersebut.
This document discusses WCF routing and protocol bridging in Windows Communication Foundation (WCF). It describes how the routing service acts as a message router and client to route messages between endpoints that may have different transport or SOAP version requirements. It covers how filters can be used to examine messages and make routing decisions, and various types of filters like action and XPath filters. Finally, it shows an example of using a routing service to bridge between mismatched endpoints, enabling a client using one protocol to communicate with a server using a different protocol.
The city commission is proposing a new zoning district called IROM-AA (Airport Approach) to be located west of the airport in an area impacted by airport noise. The new district would allow outdoor storage and vehicle/boat sales, leasing and repair with landscape buffering. It would also permit indoor storage, warehousing and distribution as an accessory use. The zoning changes are part of the city's adoption of a new land development code and will require planning board and city commission approval over the next few months.
The applicant is requesting to relocate an Olympic table tennis training facility from Hollywood to an industrial property in Dania Beach. The facility would occupy three industrial bays totaling 12,300 square feet that the applicant will purchase. With 15 tennis tables, 30 parking spaces would be required and the property has 23 spaces with room for 9 more. Both the Planning and Zoning Board and staff recommend approving the special exception to allow the commercial recreation use within the enclosed building.
The document discusses innovation in an era of rapid technological change and exponential growth. It notes that incremental improvements are no longer sufficient and companies must innovate across customer segments, products, channels, experiences and business models to survive. The presentation emphasizes that the world is changing quickly and businesses must constantly adapt to new realities in order to thrive in today's volatile environment.
Ws digital marketing group ii (analisa web telkomflexi)Ali JS Lubis
Grup II melakukan analisis terhadap situs Telkomflexi dengan menggunakan kerangka kerja 7C's. Berdasarkan analisis tersebut, situs Telkomflexi perlu diperbaiki terkait konveniensi, konten, kustomisasi, komunitas, konektivitas, pelayanan pelanggan, dan komunikasi. Grup memberikan saran agar Telkom menindaklanjuti keluhan pelanggan dengan baik dan selalu memperbarui situs sesuai tren terkini.
This presentation is designed to help you forge new strategic partnerships, unleash your full leadership potential and
leverage your extensive network of connections in all sectors to
build strategic alliances that enhance and deepen your value proposition
The document provides a cost estimate for job number 43400 for AGFA (PTY) LTD. It estimates the costs for supplying an aircon, chasing walls, and laying piping. The total estimated cost is R2,686.58 including VAT. Labour for the standard service is estimated at R1,282.50, chasing walls is estimated at R570, and laying piping is estimated at R342.
A 28-year-old woman went back to school to transition her career and now finds herself challenged with new ways of thinking and expectations in her new field. She feels a lack of confidence and experience compared to younger graduates. However, she is taking steps like earning more certifications and exceeding in her internship to overcome her doubts and succeed in her new career as she has the tools she needs.
Fox Cities Chamber Cultivate: Mobile MarketingThomas Clifford
Mobile marketing is all people can talk about these days. By 2014, there will be more mobile internet users than desktop internet users. There are so many options vying for your marketing budget these days. What do you do and where do you spend your time and energy? This presentation will shed light on mobile marketing, QR codes and analytics. This will allow you be better educated and do whats best for you and your customers.
The document discusses the benefits of meditation for reducing stress and anxiety. Regular meditation practice can help calm the mind and body by lowering heart rate and blood pressure. Studies have shown that meditating for just 10-20 minutes per day can have significant positive impacts on both mental and physical health over time.
Press Release 2 Q99 Tele Nordeste Celular EnTIM RI
Tele Nordeste Celular Participações S.A. announced its second quarter 1999 results, reporting net income of R$2.9 million and revenue of R$150.4 million. While revenue increased 40% year-over-year due to subscriber growth, net income and margins declined due to increased operating expenses, higher depreciation rates, and handset subsidies. For the first half of 1999, the company reported revenue of R$290.9 million, EBITDA of R$100.9 million, and net income of R$16.5 million. Tele Nordeste continued expanding and upgrading its network in northeastern Brazil, and remained focused on subscriber growth through aggressive marketing despite rising competition.
Tele Nordeste Celular Participações S.A. announced its second quarter 1999 results, reporting net income of R$2.9 million and revenue of R$150.4 million. While revenue increased 40% year-over-year due to subscriber growth, net income and margins declined due to increased operating expenses, higher depreciation rates, and handset subsidies. For the first half of 1999, the company reported revenue of R$290.9 million, EBITDA of R$100.9 million, and net income of R$16.5 million. Tele Nordeste continued expanding and upgrading its network in northeastern Brazil, and remained focused on subscriber growth through aggressive marketing despite rising competition.
Press Release 4 Q98 Tele Nordeste Celular EnTIM RI
Tele Nordeste Celular Participações S.A. announced its year-end and fourth quarter 1998 results. For 1998, the company reported net income of R$104.2 million and revenues of R$469.6 million. The company's subscriber base grew 32.1% to 614,000 subscribers in 1998. Tele Nordeste also began selling cell phones to customers and digitalizing its network following its privatization in July 1998.
Press Release 3 Q99 Tele Nordeste Celular EnTIM RI
Tele Nordeste reported a net loss of R$4 million for Q3 1999, compared to a net income of R$19.7 million in Q3 1998, mainly due to increased financing expenses from foreign currency debt. Net operating revenues increased 47.2% to R$171.6 million in Q3 1999 due to growth in customers and handset sales. The number of customers reached 952,057 at the end of Q3 1999, with year-to-date growth of 55%. However, gross profit declined 23.6% to R$55.9 million in Q3 1999 due to increased handset subsidies and depreciation charges.
Tele Nordeste reported a net loss of R$4 million for Q3 1999, compared to a net income of R$19.7 million in Q3 1998, mainly due to increased financing expenses from foreign currency debt. Net operating revenues increased 47.2% to R$171.6 million in Q3 1999 due to growth in customers and handset sales. The number of customers reached 952,057 at the end of Q3 1999, with year-to-date growth of 55%. However, gross profit declined 23.6% to R$55.9 million in Q3 1999 due to increased handset subsidies and depreciation charges.
Press Release 4 Q99 Tele Nordeste Celular EnTIM RI
Tele Nordeste Celular Participações S.A. announced its fourth quarter and year-end 1999 results. Key highlights include:
1) Net customer additions of 574,000 in 1999, bringing the total customer base to 1.18 million.
2) Quarterly revenue increased 72.5% year-over-year to R$212.4 million due to an increase in customers and handset sales.
3) For the full year, revenue increased 44% to R$674.9 million while gross profit increased 1.4% to R$284.5 million.
4) The company realized a net loss in the fourth quarter but net income of R$9
Tele Nordeste Celular Participações S.A. announced its fourth quarter and year-end 1999 results. Key highlights include:
- Net customer additions of 574,000 in 1999, bringing the total customer base to 1.18 million.
- Average revenue per user (ARPU) was R$51.41 per month for Q4 1999 and R$56.62 for all of 1999.
- Net operating revenue for 1999 totaled R$674.9 million, up 44% from 1998, driven by increased customers and handset sales.
- EBITDA was R$175.8 million for 1999, with a margin of 26.1% negatively impacted by
Tele Celular Sul Participações S.A. announced its results for the third quarter of 2001. Key highlights include:
- EBITDA of R$84.4 million for the quarter, an increase of 88% from the same period last year. EBITDA margin was 43%.
- Net income of R$10.8 million for the quarter, compared to a net loss of R$3.9 million in the third quarter of 2000.
- Total subscribers reached 1.53 million as of September 30, 2001, with 59% using prepaid services. Market share was estimated at 68%.
- Capex investment of R$35 million in the quarter to expand the cellular
Press Release 1 Q99 Tele Nordeste Celular EnTIM RI
Tele Nordeste Celular Participações S.A. announced its first quarter 1999 results. Net income was R$13.6 million, down from R$26.2 million in the first quarter of 1998. Net operating revenues increased 14.4% to R$140.5 million due to subscriber growth of 47.9%, though average revenue per user decreased. Expenses increased due to marketing activities and staffing increases, while depreciation rate changes reduced net income by R$9.1 million. The number of subscribers grew to 689,739 with a regional penetration rate of 2.68%.
Tele Nordeste Celular Participações S.A. announced its first quarter 1999 results. Net income was R$13.6 million, down from R$26.2 million in the first quarter of 1998. Revenue increased 14.4% to R$140.5 million due to subscriber growth of 47.9%, though average revenue per user declined. Expenses rose due to marketing activities and staffing increases. The company also changed depreciation rates, increasing expenses but positively impacting cash flow. Subscribers grew to 689,739 while network digitalization reached 30% and a pre-paid plan was launched.
The document provides financial information for Tele Celular Sul Participações S.A. for the second quarter of 2000:
- Key highlights include the launch of new SMS and banking services, investments to improve coverage and digitalization, and maintaining a market share of 83%.
- Operating revenue was R$221 million, down from the previous quarter due to seasonal factors. EBITDA was R$45.5 million with a 26% margin.
- There was a net loss of R$0.8 million due to higher doubtful accounts, but a net profit of R$11.1 million for the first half of the year.
- Total subscribers reached 1.2 million, up from 1
Press Release 2 Q00 Tele Nordeste Celular EnTIM RI
Tele Nordeste Celular Participações S.A. announced its results for the second quarter of 2000.
1) Operational highlights included adding 165,364 new clients, reaching a total of 1,362,000 clients, with market share estimated at 65%.
2) Financially, net income was R$0.9 million with revenues of R$210.8 million for the quarter. EBITDA was R$52.9 million representing an EBITDA margin of 25%. Bad debt expenses were R$29 million.
Press Release 1 Q00 Tele Nordeste Celular EnTIM RI
Tele Nordeste Celular Participações S.A. announced its first quarter 2000 results. Key highlights include:
- The company added 125,340 new customers, reaching 1.3 million total customers.
- Net income was R$11.2 million, down from R$13.6 million in the first quarter of 1999. Revenue increased 52.6% to R$214.4 million.
- Expenses increased 154% to R$85.4 million due to higher selling, administrative and financing costs from increased operations and debt levels.
- The company estimates its market share was 69% and continued investing in network digitization during the quarter.
The document summarizes TIM Participações S.A.'s consolidated financial results for the second quarter of 2005. Some key points:
1) TIM Participações reported record growth in its customer base which increased 35.1% year-over-year to 6.49 million customers.
2) Total gross revenue grew 19.1% to R$960.7 million driven by growth in both service and handset revenue.
3) EBITDA increased 19.6% to R$210.7 million and net income grew 80.9% to R$73.1 million, reflecting improved operational results.
4) The company continued expanding its GSM network coverage while reducing
- TIM Participações S.A. announced its consolidated results for the third quarter of 2004, which included the merger of Tele Nordeste Celular Participações S.A. into Tele Celular Sul Participações S.A., which changed its name to TIM Participações S.A.
- Key highlights included a 144.7% increase in net additions, 29.4% growth in customer base over 3Q03, 97.4% growth in VAS revenues YoY, and 28.2% growth in total gross revenues YoY.
- EBITDA margin on total net revenues remained stable at 35.6% YoY and net income grew 36.8% YoY.
BRMalls reported financial results for the first quarter of 2011 with the following highlights:
- Net revenue increased 68.4% to R$179.1 million.
- Adjusted EBITDA reached R$140.6 million, up 58.6% compared to the first quarter of 2010.
- Occupancy rates across malls averaged 98.1%, up 0.2 percentage points from the prior year quarter.
Press Release Tele Nordeste Celular 2 Q04 EnTIM RI
Tele Nordeste Celular Participações S.A. announced its results for the second quarter of 2004. Some key highlights include:
- Total gross revenue grew 5.4% year-over-year to BRL 343.7 million.
- The customer base increased 18% year-over-year to 2,384,846 customers.
- GSM coverage reached 50.9% of the population in the region and 153 cities.
- Value-added services revenue grew 27% year-over-year.
SKF reported lower sales and profits in the first half of 2009 compared to 2008 due to a decline in demand. While demand continued to decrease, the rate of decline showed signs of leveling off. SKF implemented cost reduction activities and restructuring programs that resulted in annual savings of SEK 800 million. For the third quarter, SKF expects year-on-year sales declines to be slightly less than the first half, and manufacturing levels to remain relatively unchanged.
This document summarizes the financial results of Tele Celular Sul Participações S.A. for the fourth quarter and full year of 2001. Some key highlights include:
- Revenue for 4Q01 was R$227 million, a 28% increase over 4Q00. Revenue for 2001 was R$791 million, a 10% increase over 2000.
- EBITDA for 4Q01 was R$79 million and R$321 million for 2001, increases of 17% and 47% respectively.
- Net income for 4Q01 was R$17 million and R$60 million for 2001, increases of 104% and 287% respectively.
- The company saw growth in revenue
The document provides financial and operational results for Embraer for the third quarter and first nine months of 2000. Some key points:
- Net income for the third quarter was R$398.6 million, 114.5% higher than the same period in 1999. Net sales for the first nine months reached a record US$2 billion.
- Order backlog at the end of the third quarter was R$42.3 billion, with R$20.2 billion in firm orders.
- Embraer launched its new Legacy jet and signed contracts worth US$4.3 billion at the Farnborough Air Show in July.
- Production increases drove a 49.4% rise
Similar to Press Release 4 Q99 Tele Celular Sul En (20)
TIM Part - Apresentação Institucional - 2T20TIM RI
O documento fornece uma visão geral do mercado brasileiro de telecomunicações. Apresenta dados sobre a economia brasileira, classes sociais, desemprego, endividamento e confiança do consumidor, destacando os impactos da crise e da pandemia. Também compara o mercado brasileiro com outros países, mostrando que o Brasil possui a 5a maior base de clientes móveis do mundo, mas com oportunidade de melhorar o ARPU.
This document provides an overview of TIM Brasil, including its business segments, strategy, and financial highlights. It discusses TIM's position as a challenger operator in Brazil with national presence and the best 4G coverage. It also outlines TIM's fiber infrastructure and initiatives in connectivity solutions, IoT, and residential broadband. The document reviews TIM's 2019 financial results and highlights growth in revenue, EBITDA, margins, and TIM Live. It also discusses TIM's focus on ESG and digital inclusion programs.
The document is a presentation by TIM Brasil for investors that covers several topics:
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This document is a presentation by TIM Brasil to investors in June 2020. It summarizes the impacts of COVID-19 on Brazil, including major economic impacts like a decline in GDP forecasts and a drop in retail sales. It also discusses government measures taken in response like assistance payments and tax relief. The presentation then discusses TIM's quick response to the pandemic to care for employees, customers, and society. It provides an overview of the mixed impacts on TIM's business so far and its strategic pillars for the future, including investing in infrastructure, pursuing disruptive efficiency, growing its mobile and ultra-broadband businesses, and developing new revenue sources.
This document provides an institutional presentation by TIM Brasil for the 1st quarter of 2020. It includes the following sections:
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2) Apresenta informações sobre a estrutura acionária, governança corporativa e compromisso com a sustentabilidade da empresa.
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TIM Brasil held an institutional presentation for the third quarter of 2019. The presentation provided an overview of TIM's business including its position in the Brazilian market, operational and financial highlights, and outlook. It noted that TIM is the #2 mobile service revenue operator in Brazil with national presence and the best 4G coverage. It also discussed the Brazilian telecommunications market trends including growing data usage and shift to postpaid plans. The presentation contained sections on TIM's strategy, operating and financial evolution, and future opportunities in areas like 5G and fiber broadband.
Tim Part's Presentation - CS 2019 TechFin & Telecom ConferenceTIM RI
1) TIM Participações discussed expanding into new markets like financial services and mobile advertising by leveraging its existing assets such as partnerships, sales channels, big data analytics, and billing capabilities.
2) TIM's prepaid digital wallet has over 33 million users transacting over R$513 million per month on telecom, content and other services. It is also expanding into microfinance and insurance.
3) TIM has a strong salesforce through its own shops and resellers, and its app has over 11 million users that help increase service acquisition and customer engagement.
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O documento apresenta uma visão geral do mercado brasileiro de telecomunicações e das tendências do setor. Apresenta dados sobre a população brasileira, situação econômica, mercado móvel global e hábitos dos consumidores, destacando o crescimento do uso de dados móveis e aplicativos.
1. Contacts:
Stock Exchange at September 30, 1999:
In Brazil TCSL3: R$ 2.40 /1,000 shares
Ruggero Caterini TCSL4: R$ 3.65 / 1,000 shares
Joana Dark Fonseca Serafim TSU: US$ 19.13 (ADR = 10,000 PN shares)
Phone #: +55 41 312-6862 Market Value: R$ 1,065,095 million
E-mail: jserafim@timsul.com.br US$ 554,073 million
Web site: www. timsul.com.br
TELE CELULAR SUL PARTICIPAÇÕES S.A.
ANNOUNCES ITS FOR THE FOURTH QUARTER AND YEAR-END
RESULTS 1999
Curitiba, March 24, 2000 – Tele Celular Sul Participações S.A. (NYSE: TSU; BOVESPA:
TCLS3;TCLS4), the Holding Company of Telepar Celular S.A., Telesc Celular S.A. and CTMR
Celular S.A., leading providers of cellular telecommunications services in southern Brazil, announces
its results for the fourth quarter and year-end of 1999.
CEO Statement
“For Tele Celular Sul, 1999 was a particularly challenging year because it demanded great
effort on the part of management both to organize the company and to carry out the
activities that allowed it to maintain its leading position in the market. As a result, the
Company achieved a solid increase in its customer base, surpassing 1 million clients, or
approximately 70% more than the figure recorded in December 1998, maintaining its
Market Share of 86%, which is the best within the Brazilian cellular telephone
industry.”
3Q99 4Q99 1999 1998
Total Gross Revenue 206,344 262,992 857,599 644,007
Net Operating Revenue 125,734 149,480 531,256 504,201
Net Cell Phone Sales Revenue 39,544 61,595 149,191 0
Total Net Revenue 165,278 211,075 680,447 504,201
EBITDA 23,188 32,196 170,387 267,980
EBITDA Margin 14% 15% 25% 53%
EBITDA Margin, excluding cell phone sales 18% 22% 32% 53%
Depreciation 33,672 32,727 100,781 87,102
Net Profit (6,926) 10,062 34,332 123,995
Profit per Share (0.20) 0.30 0.10 0.38
2. Market Share
The Company maintains a leadership position in its market, closing the year with an
approximate 86% Market Share.
The total market penetration rate was estimated at 8.4 cell phones per 100 inhabitants,
demonstrating that there is room for the growth in cell telephone services. Additionally,
Tele Celular Sul’s churn rate was 10%.
Operating Revenue
The Company’s gross operating revenue was R$857.6 million in 1999, 33% higher than
70% growth in 1998. For the fourth quarter of 1999, gross operating revenue totaled R$ 263.0 million, a
the total
subscriber 27% increase in relation to the third quarter.
base
The total net revenue for the year was R$ 680.4 million, with R$211.1 million recorded for
the fourth quarter of 1999. Net operating revenue with handsets sales reached R$ 149.2
million and R$61.6 million, in those same periods.
Gross Operating Revenue Breakdown Gross Operating Revenue Breakdown
Dec. 31 1999 - R$ 857.6 million Dec. 311998 - R$ 644.1 million
Other Hanset Sales
Use of Network Other Connection Fee
Use of the Network 12,8
166,6 99,1 5,4 20,9
136,6
42,7
Rental
17,1
Rental 158,7 317,3
167,4 357,1
Use
Use
Subscription Subscription
In 1999, the Company expanded its total subscriber base by 70%, reaching 1,034,266
subscribers, representing 423,885 new subscribers, of which 279,092 were prepaid users.
Operating Costs and Expenses
The costs of the services for 1999 amounted to R$234.9 million, a 39% increase in relation
to 1998. For 4Q99, this item amounted to R$ 65.0 million, compared to R$ 62.6 million for
the third quarter of 1999. The increase in these expenses during the year is primarily due to
network growth and the change in the depreciation rates (R$29.4 million).
Composition of the Cost of Services Rendered Composition of the Cost of Services Rendered
Dec/31/99 - R$ 234.9 million Dec/31/98 - R$ 169.1 million
Third party Third Party
Fistel Payroll Services
Payroll services
11,7 3,5 8,4
Fistel 6,2 12,3
22,7
47,8
54,0
Depreciation
Use of 53,2
98,7 41,0 Network 44,5 Use of
Network
Depreciation Interconnection Interconnection
Cost of handsets sales for the year amounted to R$ 204.8 million, of which R$ 92.0 million
was for the fourth quarter of 1999.
3. General and administrative expenses totaled R$62.1 million for the year compared to R$
39.5 million recorded in 1998. The increase in these expenses are mostly due to the
following: 1) billing expenses (the cost of issuing bills), increased with subscriber growth;
2) expenses related to billing systems which was was replaced in October/99 by in-house
systems; 3) increase in staff to 1,024 (358 employees in 1998).
Marketing expenses were R$117.3 million for the year, compared to R$ 68.2 million in
1998. During the fourth quarter of 1999, marketing expenses amounted to R$35.1 million,
a 9% growth as compared to the previous quarter.
For 1999, expenses related to doubtful accounts, listed under selling and administrative,
represented R$ 50.3 million (R$46.9 million in 1998), or 6% of the Company’s total
revenue. In the third quarter the Company adopted more realistic criteria for the provision
for doubtful accounts, which increase expenses by R$ 2.8 million for the period.
The new Billing System, implemented during the fourth quarter of 1999, will allow the
Company to establish better credit and collection control measures through the
centralization of its Central de Tele Cobrança (Automated Billing Unit).
Marketing and advertising expenses for 1999 reached R$ 35.1 million (R$ 5.1 million in
1998) reflecting the transition into a more competitive environment.
Tele Celular Sul has been encouraging its customers to migrate from the analogue to the
digital system, thereby amassing an inventory of used analog devices. This inventory was
marked to market so as to reflect the effective selling expenses; such adjustment was
provisioned for under other operating expenses and represented a cost of R$ 6.3 million.
Financing Expenses
97% are short-
term debts Financing expenses for the year were R$ 72 million, a 52% increase in relation to 1998.
97% of the This increase is primarily due to: R$ 16.9 million expenses relating to interest on own
Total debt is capital (accrued during the fourth quarter) and the R$ 31.9 million due to the impact of the
Hedged Real devaluation that occurred in early 1999.
Tele Celular Sul’s interest-bearing indebtedness at December 31,1999 was 222.2 million,
representing 40% of stockholders’ equity.
Foreign
Currency
26,1
The EBITDA for
the 4Q/99 was
R$32.2 million
196,1
Local Currency
EBITDA
EBITDA and EBITDA margin for the year represented R$ 170.4 million and 25%
respectively, over net revenue - or 32%, excluding subsidies, but including the sale of cell
phones. The decrease in relation to 1998 (R$ 268.1 million and a 53% margin) is basically
due to the increase in marketing costs, the practice of subsidizing the sale of handsets and
the migration of customers from the analogue to the digital system, as well as to
adjustments previously mentioned.
4. As of October 1999, the Company raised the selling price of its cell phones, in order to
reduce the impact of subsidies on the results. The full effect of this new policy did not
impact 4Q99 results due to the special marketing strategy adopted during the Christmas’s
season, which is characterized by a high volume of sales, as well as a high level of
migration from analogue to the digital system.
As a strategy to obtain customer loyalty, the Company persuaded 194,921 subscribers to
migrate to the digital system, with 64,893 migrations occurring during the fourth quarter.
Non-Operating Income
The Company replaced some of its equipment and technology in order to digitalize its
network. Fixed assets were therefore written-off in the quarter, resulting in an expense of
R$ 5.4 million – the net value of the provisions made for future sales.
Net Profit
Consolidated net profit for the year was R$ 34 million, a decrease of 72% when compared
with R$ 124 million for 1998. The main factors contributing to the decrease in margins
and, consequently, to the decrease in net profit were: 1) strong expansion under increased
competition, handsets sale subsidies and of the migration to the digital system; 2) expenses
incurred due to aggressive marketing and a greater volume of commissions paid to dealers;
3) the effects of the currency devaluation; 4) change in the depreciation rates; 5) change in
the doubtful accounts provisioning criteria.
Investment
The Company invested R$ 298.4 million during 1999, 46% more than in 1998 (R$ 192 million),
prioritizing network expansion and digitalization, in addition to the development of new systems to
meet customers’ demands and maintain a leading position as a mobile telephone provider in the
region.
Network Digitalization
ERB´S Voice Channel
Digital Analogue Digital Analogue
556 106 16.917 18.326
84% 16% 48% 52%
Funding
Most of the investment program carried out in 1999 was funded by the Company’s own
cash generation. However, to complement the amount needed Tele Celular Sul carried out
two major funding efforts in 1999, through its controlled companies: Telepar Celular and
Telesc Celular. The first, amounting to R$ 144 million (net amount of R$ 122 million)
consisted of an issue of Promissory Notes due in 360 days at an approximate cost of 103%
of the Interbank Deposit Certificate (CDI). The second, amounting to R$ 73 million
64.8 thousand
migrated to the
(approximately US$ 40 million) was entered into with the Export-Import Bank of the
digital system United States - “Eximbank”. As the funds were received in January 2000, they are not
included in the Company’s indebtedness account for December 1999.
As part of the hedging policy, the first operation had a floating interest rate covered by a
5. swap operation, thus becoming a fixed rate loan of 23.85% per annum. An exchange rate
swap operation was arranged for the second funding effort, converting the debt to Reais.
Expectations
For 2000, Tele Celular Sul believes that technological progress and increased competition
by companies operating in the PCS (Personal Computer Service) frequencies will continue
stimulating the growth of the industry and, at the same time, will pose new challenges,
leading to continuous improvement in the quality of services.
The consolidation of the Company, its technological infrastructure and new information
systems, in conjunction with its experienced work force, favor a continuously innovative
strategy with the launching of added-value products, in order to increase the competitive
advantages.
The Company will continue striving to maintain its leadership position in the market,
focusing efforts on the recovery of the profitability margin and on the improvement of
services, as an aspect that will contribute to the success of the customer loyalty efforts. The
expectation is for the customer acquisition cost to decrease during 2000.
Tele Celular Sul will pursue the goal of generating value to its shareholders, customers and
employees, and overcoming new challenges brought by the market.
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6. Selected Data
Operating Income
3Q99 4Q99 4Q98 1999 1998
Sale of cellular phones 45.819 65.250 - 166.592 0
Usage charges 83.007 99.179 81.106 357.099 317.340
Monthly subscription fee 40.577 47.677 35.580 167.377 158.660
Rental 2.888 1.070 9.704 17.075 42.743
Interconnection charge 34.395 42.648 27.591 136.663 99.091
Activation Fee 0 0 4.687 0 20.789
Others (342) 7.169 1.431 12.793 5.384
GROSS OPERATING INCOME 206.344 262.993 160.099 857.599 644.007
Taxes on Gross Revenue (41.066) (51.918) (34.958) (177.152) (139.806)
NET OPERATING INCOME 165.278 211.075 125.141 680.447 504.201
Net Operating Income from Services 125.734 149.480 125.141 531.256 504.201
Net Operating Income from Sales 39.544 61.595 - 149.191 0
Operating Costs and Expenses
3Q99 4Q99 4Q98 1999 1998
Costs of Goods and Services 119.833 156.985 52.244 439.681 183.618
Costs of Services 62.561 64.991 52.244 234.888 169.113
Costs of Goods 57.272 91.994 0 204.793 14.505
Operating Expenses 67.744 84.378 76.020 268.498 158.736
Selling Expenses 32.086 35.055 24.644 117.314 68.176
General Administrative Expenses 16.198 18.489 8.790 62.108 39.549
Financing Expenses 11.860 23.205 41.618 72.447 47.716
Other Operating Expenses 7.600 7.629 968 16.629 3.295
Costs and Operating Expenses 187.577 241.363 128.264 708.179 342.354
Expenses Related to Doubtful Accounts 16.892 13.961 28.763 50.263 46.900
8. TELE CELULAR SUL PARTICIPAÇÕES S.A.
BALANCE SHEET AS OF DECEMBER 31, 1999 AND DECEMBER 31,1998
(Expressed in thousands of Brazilian Reais)
(Translation of the original in Portuguese)
ASSETS
Parent Company Consolidated
1999 1998 1999 1998
ASSETS
CURRENT ASSETS 37.683 126.436 292.711 268.441
Cash and cash equivalents 673 3.894 2.084 151.495
Accounts receivable from subscribers - - 191.566 78.970
Loans to subsidiaries - 94.436 - -
Deferred and recoverable taxes 2.993 291 33.829 24.598
Inventories - - 44.993 3.718
Other assets 34.017 27.815 20.239 9.660
LONG-TERM ASSETS 114.803 6.503 50.452 13.218
Loans to subsidiaries 114.008 6.503 - -
Deferred and recoverable taxes 795 - 40.521 13.168
Judicial Deposits - - 9.781 50
Other assets - - 150 -
PERMANENT ASSETS 439.952 440.179 809.361 623.519
Investments 439.922 440.163 20 20
Property, plant and equipment, net 30 16 791.022 623.093
Deferred charges - - 18.319 406
TOTAL ASSETS 592.438 573.118 1.152.524 905.178
9. TELE CELULAR SUL PARTICIPAÇÕES S.A.
BALANCE SHEET AS OF DECEMBER 31, 1999 AND DECEMBER 31,1998
(Expressed in thousands of Brazilian Reais)
(Translation of the original in Portuguese)
LIABILITIES AND SHAROLDERS EQUITY
Parent Company Consolidated
1999 1998 1999 1998
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES 29.056 32.182 440.098 213.485
Salaries and social charges 3.934 9 5.980 4.095
Accounts payable and accrued expenses 4.397 115 169.316 97.037
Direct and Indirect taxes 1.606 533 27.127 18.623
Dividends and Profit sharing 15.575 31.525 21.164 41.034
Loans to subsidiaries 2.908 - - -
Loans and financing 5 - 214.991 50.124
Provision for contingencies 631 - 1.520 2.572
LONG-TERM LIABILITIES 2.341 - 22.757 11.773
Loans and financing - - 7.207 10.070
Provision for private pension plan 1.839 - 1.880 1.702
Indirect taxes - - 10.150 -
Provision for contingencies 502 - 3.520 1
MINORITY INTERESTS - - 128.628 138.984
SHAREHOLDERS' EQUITY 560.966 540.861 560.966 540.861
Capital stock 175.872 175.872 175.872 175.872
Profit reserves 143.399 157.435 143.399 157.435
Retained earnings 241.695 207.554 241.695 207.554
CAPITALIZABLE FUNDS 75 75 75 75
TOTAL LIABILITIES 592.438 573.118 1.152.524 905.178
10. TELE CELULAR SUL PARTICIPAÇÕES S.A.
STATEMENTS OF INCOME FOR THE YEARS
ENDED ON DECEMBER 31,1999 AND 1998
(In thousands of Brazilian Reais)
(Translation from the original in Portuguese)
Parent Company Consolidated
1999 1998 1999 1998 (*)
GROSS REVENUE - - 857.599 644.007
Deductions - - (177.152) (139.806)
NET REVENUES - - 680.447 504.201
Cost of services rendered - - (439.681) (183.618)
GROSS PROFIT - - 240.766 320.583
OPERATING INCOME (EXPENSES) 6.811 110.921 (173.148) (101.470)
Selling expenses - - (117.314) (68.176)
General and administrative expenses (6.004) (873) (62.108) (39.549)
Equity on subsidiarie`s results 13.658 111.752 - -
Other net operating income (expenses) (843) 42 6.274 6.255
OPERATING INCOME BEFORE FINANCIAL EFFECTS 6.811 110.921 67.618 219.113
Net financial income (expenses) 37.191 (7.778) (49.056) (15.692)
OPERATING INCOME 44.002 103.143 18.562 203.421
Non-operating income (expenses) - 9 (5.823) (38.241)
INCOME BEFORE TAXES, PROFIT SHARING,
MINORITY INTEREST AND REVERSAL OF
INTEREST ON STOCKHOLDERS´ EQUITY 44.002 103.152 12.739 165.180
Income and social contribution taxes (9.939) (7.284) (529) (48.507)
Provision for employee profit sharing (1.233) - (2.103) (965)
Minority interest 7.357 (32.059)
INCOME BEFORE REVERSAL OF INTEREST
ON STOCKHOLDERS´ EQUITY 32.830 95.868 17.464 83.649
Reversal of interest on stockholders´ equity 1.502 30.741 16.868 40.346
NET INCOME FOR THE PERIOD 34.332 126.609 34.332 123.995
Oustanding shares at the balance sheet date (in millions) 334.399 334.399