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Investor Presentaiton

5 Beyond Core: Leveraging our Assets with Strategic Partnerships FinTech's Playing Field is Moving Fast and We Have a Unique Window of Opportunity FINANCIAL SERVICES IN BRAZIL EXPLORING PARTNERSHIP OPPORTUNITIES OWNERSHIP PENETRATION OF... (% population) Mobile Unique 79% Users 2 45 Debit Card 1 59% Credit Card 27% R$ mln Brazilians have no bank account³ 817 bln annual transactions of unbanked population in Brazilian economy³ 1 HIGH-END Convenience and simplicity. →Full bank offer → Commercial partnership → Value generated by commissions in fees + equity 2 LOW-END Access to banking services. → Symbiotic partnership (JV like) → Value generated by profit sharing 83 % top 5 banks' market share EOP 2020 BCB expects to launch its instant payment system: PIX. Telecom + digital banking services. Agreement with a digital bank to be announced in the coming weeks. TIM (1) Population > 15 years old (Global Findex Database 2017); (2) Population > 10 years old; (3) Population > 16 years old (Locomotiva). I Partners short list under analysis. TIM Brasil | Investor Relations Strategic Plan 2020-22 19
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