Q2 2024 Tim SA Earnings Call Transcript
Key Points
- Service revenue grew at a high-single digit year over year, driven mainly by mobile services with a 7.3% increase.
- EBITDA grew more than 8%, with the margin reaching an all-time high of 50% for a second quarter.
- Operational cash flow increased by almost 24%, with the margin expanding to 24.4%.
- The company added 458,000 clients in the second quarter, with a focus on reducing churn and migrating from prepaid to postpaid.
- AI initiatives are moving from pilot to full rollout, showing potential for cost reduction and increased customer satisfaction.
- The competitive environment remains challenging, with potential new entrants like Nubank as an MVNO.
- Prepaid revenue growth was slightly negative, impacted by migration to control plans and price adjustments.
- Lease payments are expected to increase slightly in the second half due to inflation adjustments and remaining decommissioning impacts.
- The fixed broadband unit faces fierce competition, requiring a selective growth approach to maintain profitability.
- The infrastructure sharing agreement with Vivo is complex and progressing slower than desired, impacting cost savings.
Good morning, ladies and gentlemen. Welcome to TIM SA 2024 second-quarter results conference video call. We would like to inform you that this event is being recorded, and all participants will be in a listen-only mode during the Company's presentation. There will be a replay for this call on the company's website. After TIM SA's remarks are completed, there will be a question-and-answer session for participants. At that time, further instructions will be given.
Hello, everyone, and welcome to TIM SA's earnings call for the second quarter of 2024. Thank you for joining us. I am Vice Ferreira, Head of Investor Relations. Today, we share a highlight some video, and afterwards we will have our live Q&A session with our CEO, Alberto Griselli; and our CFO, Andrea Viegas.
Before we discuss our results, I remind you that management may make forward-looking statements in this presentation may contain. Please refer to the disclaimer on the screen, which is also available in our earnings materials and on
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