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Conference Call 3Q04 Results. October 29, 2004. AGENDA. 1. Highlights of the Quarter 2. 3Q04 Review 3. Debt Position / Free Cash Flow 4. Q&A. TNL – Customer Base (in thousands). Over 3.3 million new customers in one year. 21,395. 20,637. 18,070. 42.3% YoY. 38.3% YoY.
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ConferenceCall 3Q04 Results October 29, 2004
AGENDA 1. Highlights of the Quarter 2. 3Q04 Review 3. Debt Position / Free Cash Flow 4. Q&A
TNL – Customer Base (in thousands) Over 3.3 million new customers in one year 21,395 20,637 18,070
42.3% YoY 38.3% YoY 101% YoY GROWTH OF MOBILE MARKET (million subscribers) • Brazil • Region I 58.2 54.0 26.0 49.1 24.2 46.4 40.9 22.2 21.2 18.8 • Region I • 3Q04 • 3Q03 • 4Q03 • 1Q04 • 2Q04 • 3Q03 • 4Q03 • 1Q04 • 3Q04 • 2Q04 • Oi • Oi - Net Additions (thousand) Market Share Market Share of Net Adds • 3Q04 • 3Q04 • 2Q04 • 2Q04 • 3Q03 • 4Q03 • 1Q04 • 3Q03 • 4Q03 • 1Q04
KEY REVENUE DRIVERS - 3Q04/3Q03 Gross Revenue – R$ Million 10% growth YoY • Data • 3Q03 • Mobile • Other • Local* • LD* • 3Q04 +3% +18% +62% +1% +33% YoY % growth *Excludes F- M revenues (-1% yoy).
EBITDA - MAIN VARIABLES FOR THE QUARTER (R$ Million) • 4,084 • +286 • 3,798 Drivers • Net Revenue (+) Tariff Adjustment (+) Handset Sales & Mobile Services (+) Data Services • +170 • Revenue • EBITDA • +116 (+) Handset Costs (+) Interconnection Costs (-) Bad Debt Provisions • Cash Costs & Expenses • Costs
CASH FLOW & NET DEBT (R$ Million) NET DEBT FREE CASH FLOW ( Op. Cash Flow – CAPEX) +25% - R$ 1,7 billion YoY
Debt Repayment Schedule (R$ Million) Total Debt = 11,863 Net Debt = 7,000 Net Debt/EBITDA = 1.1x Foreign Currency: 70.0% (95% Hedged) • % of • Total 4.2 24.1 14.2 7.4 7.3 29.7 13.1
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