Investor Presentaiton
TIM Brasil 2020-'22 Targets
Guidance
GOALS
Revenue Growth
Sustainability
Improve
Profitability
Infrastructure Development
DRIVERS
-> Leverage mobile ARPU improve
->
->
Expand Residential UBB operations
Tap B2B opportunity
->
Accelerate digital transformation
->
Maintain zero-based budget approach
->
Reliable bill to cash process
->
Smart and selective Capex approach
Expand Cash
Generation
->
Strict financial discipline
→>
Continue debt and tax rate optimization
TIM
(1) KPIs with IFRS 15/9, except when otherwise indicated.
SHORT TERM TARGETS
(2020)
LONG TERM TARGETS
Service Revenues Growth:
Mid single digit
(YoY)
Service Revenues Growth:
Mid single digit
(CAGR '19-'22)
EBITDA Growth:
Mid single digit
(YoY)
EBITDA Margin:
≥40% in 2022
(≥47% w/ IFRS 16)
Capex on Net Revenues:
Low 20's
EBITDA-Capex on Net
Revenues:
>16%
(>20% w/ IFRS 16)
Capex:
R$ 12.0 12.5 bln
(Σ'20-'22)
EBITDA-Capex on Net
Revenues:
≥20% in 2022
(≥25% w/ IFRS 16)
TIM Brasil | Investor Relations
Strategic Plan 2020-22
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