TIM Reports Its 1Q14 Results


RIO DE JANEIRO, BRAZIL--(Marketwired - May 8, 2014) - TIM Participações S.A. (BOVESPA: TIMP3) (NYSE: TSU) announces its 1Q14 results and invites you to join the Conference Call, scheduled for tomorrow, May 9th, at 12:00pm - US EST.

Main Operational Highlights

  • Data users grew 20% YoY reaching 36% of total base, with 3G users at 26.6 mln (+85% YoY);
  • Postpaid customer base grew 12% YoY, or 16% excluding mini-modems and M2M;
  • Leadership position in handset market with 37% of total operators sales;
  • Mobile Payback (SAC/ARPU) stood flat at 1.6x
  • Live TIM customer base reached 75k users, adding 14.7k clients. Addressable households surpassed 1.1 mln;
  • Fiber-To-The-Site (FTTS) expansion: inclusion of 31 new cities in 2014.

Main Financial Highlights

  • Mobile Net Service Revenues grew 1.4% YoY, while "business generated" net revenues (outgoing+VAS) grew 9% YoY. Top-line stood stable largely impacted by MTR cut;
  • Gross Data Revenues was up 20% YoY, reaching R$1.5 bln, or 25.2% of mobile gross service revenues (vs. 21.4% in 1Q13);
  • EBITDA totaled R$1.32 bln (+8% YoY) with EBITDA margin at 28.0% and Service margin (ex-handset) at 33.2%;
  • Net Income totaled R$372.1 mln, an increase of 22% A/A;
  • Investments totaled R$612.9 million in Q1, a sound increase of 30%, being almost 95% allocated to infrastructure.
 
Conference Calls Details:

English, May 9th, 2014
(Friday)
 
Portuguese, May 9th, 2014
(Friday)
01:00 PM (Brazil)   10:00 AM (Brazil)
12:00 PM (US EST)
Phone: +1 888 700-0802 (USA)
+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: 1585942
  09:00 AM (US EST)
Phone: +55 11 3193-1001 or
+55 11 2820-4001 (Brazil)
Code: TIM
Replay: +55 11 3193-1012 or +55 11 2820-4012
Code: 4644816
     

TIM IR App available at Apple Store and Google Play

Contact Information:

CONTACT IR:
Phone:
(+55 21) 4109-4167
E-mail: ri@timbrasil.com.br
Website:www.tim.com.br/ir
Twitter: @TIM_RI