Investor Presentaiton

TIM Brasil 2020-'22 Targets Key Performance Indicators (IFRS 15/9) NET SERVICE REVENUES (% YoY) TIM 4.7% OPEX (R$ bln) CAGR 2018-21: CAGR 2018-22: ~3% ~2% Mid Single Digit 2.4% CAGR 2019-22 10.8 Old Plan 10.6 Market 0.4% 1.5% New Plan 10.6 10.6 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 EBITDA AND MARGIN EXPANSION (R$ bln; %) 39.1% 37.5% 6.4 6.8 2018 TIM ≥40% EBITDA - CAPEX (R$ bln; %) 16.9% 15.0% 2.9 2.5 2019 2020 2021 2022 2018 2019 2020 2021 ≥20% 2022 TIM Brasil | Investor Relations Strategic Plan 2020-22 21

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