Q1 2025 Oi SA - em Recuperacao Judicial Earnings Call (English, Portuguese) Transcript
Key Points
- Oi Solucoes is the main source of revenue growth, with a strong presence in both private and public sectors.
- The company won bids and signed contracts totaling BRL53 million in new revenue in early 2025.
- Revenues from domestic subsidiaries grew by nearly 20% year-on-year.
- Cost-saving initiatives resulted in a BRL1 billion reduction in expenses from January 2024 to March 2025.
- Oi Services, a newly created subsidiary, began contributing to consolidated revenue results in March 2025.
- Consolidated net revenue fell 34.3% compared to the first quarter of 2024.
- Revenue from Oi Solucoes fell by 21% year-on-year due to reduced demand for legacy services.
- Routine EBITDA continues to be impacted by high costs of legacy services.
- Cash burn was 18% in the quarter, with a substantial portion of cash tied to specific obligations.
- The company faces challenges in addressing the funding gap and needs to progress on asset sales.
Good morning, ladies and gentlemen, and thank you for joining our first-quarter 2025 earnings call at Oi SA. This conference will be conducted in Portuguese with simultaneous interpretation into English. (Operator Instructions) This conference is being recorded, and the replay will be available at the company's Investor Relations website.
Now, I'd like to give the floor to Marcelo Milliet, our CEO. You may begin, sir.
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Good morning, everyone, and welcome to our earnings call. We will present our results for the first quarter 2025. With me today, we have Rodrigo Aguiar, our CFO, some members of the company's Executive Board as well as our Investor Relations team.
We'll first go through the slides, looking at Oi's performance in the quarter. We'll start with slide number three. In the call presenting 2024 annual results, we had said that with the conclusion of the M&As at the end of last February or it
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