TIM Reports Its 4Q14 and FY14 Results

RIO DE JANEIRO, BRAZIL--(Marketwired - Feb 12, 2015) - TIM Participações S.A. (BOVESPA: TIMP3) (NYSE: TSU) announces its 4Q14 and FY14 results and invites you to join the Conference Call, scheduled for tomorrow at 08:00am - US EST.

Operational Highlights

• Data services reached 34 million users, +26% YoY and already 45% of total base;
• Leading smartphone sales with 48% of operator-market in the 4Q14. Penetration of smartphone over total base reached 50%;
• Post-paid Control plan posted a strong performance in 2014 of +14% YoY and recently boosted by "Controle Whatsapp";
• Network infrastructure for data world. Preparing for continuous strong data growth, Mobile BroadBand plan reaching 125 cities and top 1 in number of 4G cell sites in state capitals;
• TIM Corporate Solutions (former Intelig) turnaround completed;
• Live TIM ended 2014 with > 130k users, ARPU improving 24%YoY in 4Q14 and addressable households reaching ~1.5 mln homes;
  
  

Financial Highlights

• Net revenues of "business generated" (outgoing+VAS) grew by 5% YoY in 4Q14 and 6% YoY in 2014.
• Gross data revenues (ex-SMS) growth accelerated to 56% YoY in 4Q14, reaching R$1.86 bln, or 31% of mobile service gross revenues;
• Reverting fixed business revenue trend: Net Revenues at +3% YoY in 4Q14;
• Maintaining costs under control, with total opex at -2% YoY in 4Q14 and -5% YoY for FY2014;
• Solid EBITDA growth of 6% YoY for FY2014 and 4% YoY in 4Q14. In the quarter, EBITDA margin came at 30%, while Service margin (ex-handset) stood at 38%;
• Net Income for 2014FY totaled R$1,546 mln, +3% YoY.
  
  

Conference Calls Details:

English, February 13^th, 2015 (Friday)
08:00 AM (US EST)
11:00 AM (Brazil)
Phone: +1 888 700-0802 (USA) or +1 786 924-6977 (other countries)
+55 11 3193-1001 or +55 11 2820-4001 (Brazil)
Code: TIM
Replay: +55 11 3193-1012 or +55 11 2820-4012
Code: 4339530

Portuguese, February 13^th, 2015 (Friday)
06:30 AM (US EST)
09:30 AM (Brazil)
Phone: +55 11 3193-1001 or +55 11 2820-4001 (Brazil)
Code: TIM
Replay: +55 11 3193-1012 or +55 11 2820-4012
Code: 2005715