TIM SA (BSP:TIMS3)

R$ 20.25 -0.12 (-0.59%) Market Cap: 48.96 Bil Enterprise Value: 59.43 Bil PE Ratio: 14.46 PB Ratio: 0.02 GF Score: 81/100

Q4 2024 Tim SA Earnings Call Transcript

Feb 11, 2025 / 01:00PM GMT

Release Date Price: R$16.93 (+6.95%)

Transcript

Key Points

Positve

Service revenue grew by 6.4% in 2024, reaching the top of the guidance range.
Mobile services revenue increased by 6.6% compared to 2023, with postpaid rising close to 9% year over year.
EBITDA increased by 8% in 2024, with a margin expansion, demonstrating operational efficiency.
Operating free cash flow grew by nearly 23% year over year, with a margin exceeding 20%.
TIM SA expanded its 5G coverage to over 600 cities, 20% more than the second-largest competitor.

Negative

Prepaid segment continues to face challenges, with a tougher comparative base affecting performance.
The fixed segment remains under pressure, contributing less than 4% of revenues and being dilutive on free cash flow.
Concerns about the ability to maintain growth amidst a competitive market with mature peers and new entrants.
CapEx remains stable despite higher exchange rates, raising questions about sustainability.
Receivables have been increasing faster than revenue over the last three quarters, indicating potential cash flow management issues.

Operator

Good morning, ladies and gentlemen, and welcome to TIM S.A. 2024 fourth-quarter results video conference call. We'd like to inform you that this event is being recorded. (Operator Instructions) There will be a replay for this call on the company's website.

After TIM S.A. remarks are completed, there will be a Q&A session for participants. At that time, further instructions will be given. Now I'll pass the word to Vicente, Head of IR. Please go ahead, sir.

Vicente Ferreira

Tim SA - Head of Investor Relations

(video starts)

Hello, and welcome to TIM S.A.'s fourth-quarter 2024 earnings conference. I'm Vicente Ferreira, Head of Investor Relations. This video highlights our recent performance and the updated three-year guidance. Afterwards, we will have a live Q&A session with CEO, Alberto Griselli; and CFO, Andrea Viegas.

Please note that management may make forward-looking statements, and this presentation may contain them. Refer to the disclaimer on the screen and on our Investor Relations website. Now let's review our

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