TIM Participações S.A. reported its 4Q07 and full year 2007 results. Key highlights included meeting or exceeding all 2007 targets, with total net revenues growing 14.6% and mobile subscriber base reaching 31.3 million. TIM maintained its leading market share of mobile subscribers at 25.8% and reported a positive net income in 4Q07 and for the full year 2007. The company continued to expand its commercial strategy through convergence offers and low-cost plans, while optimizing sales channels and reducing subscriber acquisition costs.

1. TIM Participações S.A.
4Q07 and 2007’s Results
March 5th, 2008
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2. Highlights
Market Overview
Commercial Strategy
Financial Performances
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3. TIM in 2007
A Recognized Brand… …with a National Footprint…
 “Top of Mind”: most remembered mobile Preparing for the Future
operator for 5th year  Mobile: first to be consolidated as a national
 First mobile choice according to all recent key player
independent surveys
 Fixed: national licence acquisition in May „07
 “Most Admired Company” for 3rd consecutive
time  Broadband: frequency acquisitions in Dec ‟07
enabling future national roll-out
 Mobile: renewing community concept, Strong Organic Results
strengthening loyalty and expanding customer
base through operational efficiency Achievement of all 2007 targets
 Convergence: development in fixed and ARPU above market average
internet markets Positive net income in 4Q07 and in full year
 Innovative business model to target Positive net cash flow in 4Q and in full year
underpenetrated low-income segments
and Drive to Create New Opportunities… …ensuring Sustainable Growth
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4. Highlights
Market Overview
Commercial Strategy
Financial Performances
4

5. Keep outperforming Market Growth
Total Lines (Mln) and Penetration Rate Market Share Performance
YoY
Growth
63.5% +10.3 p.p. -3.7 pp -1.9 pp
59.4% -3.7 mln lines -2.2 mln lines
54.2% 56.4%
53.2% +21.1%
121.0 First
106.7 112.8
99.9 102.2 Player 29.1%
27.7%
+20.4%
25.4% 25.8%
+23.0% 25.0%
25.4 26.3 27.5 29.2 31.3 Third 23.9%
Player +0.8 pp
4Q06 1Q07 2Q07 3Q07 4Q07 +1.5 pp
+1.5 mln lines +1.0 mln lines
Competitors
Penetration Rate
TIM
4Q06 1Q07 2Q07 3Q07 4Q07
Credit expansion and purchase power improvement Postpaid Market Share of 29%
Aggressive competitive environment driven by GSM
technology Postpaid mix higher than competitors‟ average: 21.7%
Increased penetration in lower income classes vs 18.5%
Source: ANATEL and company´s data. 5

6. Highlights
Market Overview
Commercial Strategy
Financial Performances
6

7. TIM Brand: Leveraging on Leading National Brand Power
Confirming the Leadership in Market's Surveys
Top of Mind * Consumer Preference (%) * Consumer Satisfaction **
27 26 28 8.62
25 8.36 8.36
17 17
1st Player 3rd Player 1st Player 3rd Player 1st Player 3rd Player
► Nationally recognized as a reliable and appealing brand
► Enhancing the loyalty amid brand empowerment
► Winner of all recent key independent surveys:
 TIM is the first operator choice
 Prefered operator
 Leader in average client satisfaction
Sources: * Instituto Synovate - October/November/2007 7
** Interscience - October/2007

8. TIM Strategic Objectives
Market evidence Strategic goals
To enhance value on the core business
Mobile
Core Business To consolidate our positioning
To increase profitability
Convergence
Potencial market revenue: To capture fixed and broadband
~R$50bln revenue share
Low-ARPU
Residual market in lower To ensure profitability of low-end
income segment ~60 mln segment
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9. TIM Offers: Maintaining Strategic Goals
Strategy 1Q07 2Q07 3Q07 4Q07
7 centavos
“On-net community”
offers TIM +60 Tarifa Zero
Pre paid loyalty Quem tem TIM tem Mais
Mobile offers
Low acquisition cost Receba o valor do seu Chip de volta Seu TIM Chip vale Mais
offers (TIM chip-only)
TIM Music Store
Java
Games
Multimedia &
Infotainement TIM Studio
Mega TIM Mensagens Mega TIM Wap GPS Navigation
Garmin
VAS
Mobile office & BlackBerry unlimited Smartphone BlackBerry
connectivity (1st free month) Offer subscription zero
HP Partnership
Microsoft Partnership
M-finance AirLine Tickets and Check-in
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10. TIM Offers: Exploring New Opportunities
Strategy 2Q07 3Q07 4Q07
Capturing additional revenues from fixed and
broadband markets TIM Mais completo
 TIM Web: Internet access through USB Modem for
Convergence
TIM Web
TIM Casa Flex
laptops and desktops
 TIM Mais Completo: Full communication
package bundling Mobile Calls + Home Fixed Calls
+ Internet access
 TIM Casa Flex: The best of mobile telephony with
the fixed telephony convenience
Expanding the addressable market and maintaining
the offer profitability:
Low-ARPU
Plano 1: Micro recharge
 Plano 1: Micro prepaid recharge
 Reducing the cost of monthly ownership
 Higher traffic margins
 Special tariff for 3 pre-selected TIM or
fixed numbers (R$0.20)
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11. TIM Broadband: Preparing for the future
3G license acquisition: enlarging capacity
Improve TIM convergent offers through wireless broadband
Capture new revenue opportunities
Protect TIM Customer base
TIM Data offering evolution
2007 2008 / 2009
TIM Web, 3G license
Offers Evolution: Speed up to 7,2 Mbps
GPRS / EDGE acquisition*
Speed up to 200 Competitive Plans for broadband
Total amount:
Kbps R$ 1.3 bln Opportunities on areas with lack of Internet offer
The largest data National Coverage
network Encouraging use of VAS acquisition
Spectrum capacity
expasion
15+15 MHz in
São Paulo‟s
metropolitan area
► According to Abinee**, the PC market in Brazil will grow 16.8% in 2008 and will reach 11.8
million units, of which 67.8% desktops and 32.2% laptops
► At the end of 2007 Brazil still had 23 million users of Internet Dial Up
* Acquired through Anatel´s auction in Dec07 11
** Brazilian Electric and Electronic Industry Association

12. TIM Commercial Approach: Focused on Efficiency
Optimization of Sales Channels and SAC Reduction
 Largest point of sales capillarity in Brazil  SAC Performance:
(R$)
Point Of Sales: ………….. 8.600 PoS
-18%
Retail 65% - 8%
Dealers 26% 145
129
Own store / franchise 9% 120 118 Indirect cost
110
Consumer
40% - Comodato
34% 35% 36% - Advertising
Tele-sales and Personal 2.010 38% - Others
Recharge Points 262k Direct cost
66% 65% 62% 60% 64% - Commission
- Subsidy
Corporate
Small & Medium Business - Anatel‟s fee on net
Sellers 580 4Q06 3Q07 4Q07 adds
2006 2007
Key Account Managers 150
 Subsidy strategy oriented to maintain the competitiveness
Improving channels productivity and efficiency
and value customers acquisition and retention
 Points of sales grew 7% vs 25% of gross adds in 2007 (17%  Low SAC offer
of productivity increase in the year)
 Increased electronic recharge revenue breakdown: 55% in  Focus on “TIM Chip Only” strategy: > 60% of total gross in 2007
2007 vs 41% in 2006  Comission based on value
 Also stimulating convergent offers
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13. Highlights
Market Overview
Commercial Strategy
Financial Performances
13

14. Confirming Leadership in Value
Net Service Revenue Performance*
R$ Bln
3,1
2,9
2,7 2,7 2,8
1st Player  1st operator in Net Service Revenue
3rd Player
 Revenue growth driven by valuable
customer base increase
4Q06 1Q07 2Q07 3Q07 4Q07
Total Net Revenue Performance
R$ Bln YoY Growth YoY Growth
R$ Bln Restated Pro forma**
3.4 +10%
3.1 12.4 +23% +15%
10.1 Target: >10%
+13%
89% 92% +28% +18%
92%
88%
11% 8% -20% 12% 8% -14%
4Q06 4Q07 2006 2007
Net service revenue Net handsets revenue
Net Service Revenue Net Handsets revenue
* Source: based on companies 4Q07 reports
** Pro forma: Bill & Keep elimination starting on January 1st 2006.
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15. ARPU and VAS Performance
ARPU Performance Keeping up Premium ARPU in 4Q07
R$ R$ 23%
-7% 11%
- 4%
+1%
37.0 34
34.0 34.5 35.8 31
34.4 28
33.1
4Q06 3Q07 4Q07 2006 2007
Proforma: considering Bill&Keep elimination starting on Jan 2006. 1st Player 3rd Player
VAS Performance (% on Gross Service Revenue)
R$ Mln +50%
+37%
375
1,217
251 886
9.0% 7.5% 7.9%
7.1%
4Q06 4Q07 2006 2007
% Innovative share on VAS Revenue*
49% 63% 43% 52%
*Innovative VAS = Total VAS excluding SMS P2P
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16. Continuous organic EBITDA margin expansion
Solid Base Growth with High Value Clients and profitability
R$ Mln EBITDA and EBITDA Margin (%)
YoY Growth 24.0% YoY Growth
27.1%
23.1%
+16% +18%
25.6% 22.4%
915 2,870
787 2,437
4Q06 4Q07 2006 2007
Pro forma* Restated
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* Bill & Keep elimination starting on January 1st 2006

17. EBITDA and EBITDA Margin Performance
Delivering 2007 EBITDA margin
R$ Mln
(338.5)
2,465.4 (1,174.5) (262.6)
(26.7) (67.7)
(162.0)
2,869.9
2,436.5 +17.8% YoY, +433.4
Restated Handsets Service Network Selling Bad Debt COGS *Other EBITDA
EBITDA 2006 Revenue Revenue Expenses Expenses Expenses 2007
Change -13.7% +27.5% +43.7% +15.6% +58.1% +1.9% +6.9%
% YoY
+18.1%** +13.4%** +31.9% Excluding exceptional write-off of receivables
EBITDA Mg EBITDA Mg
24.0% 23.1%
Restated Reported
Pro forma 22.4% +0.7pp YoY on a comparable basis
* Other Expenses include: G&A, Personnel and Net Other Operating Expenses/Revenues 17
** Considering Bill & Keep elimination starting on January 2006.

18. From EBITDA to Bottom Line
Positive Net Income
R$ Mln Net Income
+36% 76.1
183 (285.5)
135
(2,323.7)
(2,323.7)
2,869.9
2,869.9 4Q06 4Q07 2006 2007
Annual Positive
Net Income
(278.9)
(278.9)
546.2
(191.3) 76.1
EBITDA 2007 Depreciation EBIT Net Financial Taxes and Net Income
Amortization Expenses Others*
Change YoY
R$ mln
+433.4 (89.2) +344.1 +8.2 +9.3 +361.6
* Other non-operating expenses/revenues 18

19. Net Financial Position
Net Debt YoY Trend Net Debt QoQ Trend
+54 Positive Net R$ Mln +815 Positive Net
R$ Mln
Cash Flow Cash Flow
Non Non
OpFCF OpFCF OpFCF OpFCF
2006 2007 3Q07 4Q07
(1,027) 76 (708) (973)
2 (1,788) 916 (101) (973)
EBITDA +2,870 EBITDA +915
CAPEX (1,933) CAPEX (1,007)
D Oper. WC (175) D Oper. WC +1,008
Gross Debt: R$2.1 billion (of which 63% long term )
Average annual cost: 11.4% in 2007 versus 13.0% in 2006 (10.9% in the 4Q07 versus 13.1% in the 4Q06)
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20. 2007 Fully achieved Targets
2007 2007
Actual Targets
Customer Portfolio
(Mln SIM)
31.3 ~29

M/S TIM Brazil on SIM 25.8% ~26%

Total Net Revenues Growth* 14.6% >10% 
EBITDA Margin - Organic 23.1% >23% 
CAPEX (bln R$) 1.9 > 2** 
Op. Free Cash Flow
(mln R$)
762
Break Even
2007 
* Adjusted considering Bill and Keep Elimination starting from Jan 2006.
** Including 3G and Wi-Max licenses
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21. Backup
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22. Accounting changes to 2006 figures: Recap
Reported vs Restated
2006 2006
(reported in 4Q06) (restated) Revenue impact +R$22 mln
(R$ mln)
Reclassification of Other Operating
Revenues into reduction of taxes on
service revenues referred to a favorable
Net Revenues 10,116.1 10,138.2 court decision on PIS and COFINS
EBITDA impact -R$56 mln
EBITDA 2,492.5 2,436.5 - R$ 30 mln reclassification of Other
Operating Revenues into financial
revenues referred to a favorable court
decision on PIS and COFINS
- R$ 26 mln reclassification from financial
expenses to cost of goods sold
EBITDA Margin 24.6% 24.0%
22.4% Pro forma Bill & Keep*
* Considering Bill & Keep elimination as of Jan, 2006
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23. Accounting changes to 4Q06 figures: Recap
Reported vs Restated
4Q06 4Q06
(reported in 4Q06) (restated)
(R$ mln) Revenue impact +R$160 mln
Handset discounts are fully booked as
discounts on handset revenue, instead of
being partially allocated to selling
Net Revenues 2,918.0 3,077.8 expenses and cost of good sold as before
EBITDA 797.5 787.2 EBITDA impact -R$10 mln
Reclassification from financial expenses
to cost of goods sold
EBITDA Margin 27.3% 25.6%
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24. “Safe Harbor” Statements
Statements in this presentation, as well as oral statements made by the management of
TIM Participações S.A. (the “Company”, or “TIM”), that are not historical fact constitute
“forward looking statements” that involve factors that could cause the actual results of the
Company to differ materially from historical results or from any results expressed or
implied by such forward looking statements. The Company cautions users of this
presentation not to place undue reliance on forward looking statements, which may be
based on assumptions and anticipated events that do not materialize.
Investor Relations Visit our Website:
Avenida das Américas, 3434 - Bloco 01
http://www.timpartri.com.br
6° andar – Barra da Tijuca
22640-102 Rio de Janeiro, RJ
Phone: +55 21 4009-4017 / 4009-3751 / 4009-3446 / 8113-0790 / 8113-0547 / 8113-0024
Fax: + 55 21 4009-3990
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