conference call 2q03
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August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
1
Conference Call 2Q03
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
2
• Second Quarter Results
• Debt Position
• Outlook
• Q&A Session
Agenda
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
3
Platform Growth
(Million Lines, End of Period)
14.916.5 16.7 17.1
15.6
Wireless
Wireline
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
4
Revenue Growth (Gross Revenues – R$m)
TNE
3,774
4,5704,453
1Q03 2Q03 2Q02
Wireless Service 292
219
1Q03 2Q03
Wireline Service
4,2564,214
1Q03 2Q03
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
5
Gross Revenue Growth - Fixed Line Services
-1%
5%
1%
6%
7%
-4% -1%
Local (ex-VC1) VC1 Long Distance
(ex-VC2/3)
VC2/3 Data
Network
Usage
Other
Average 1%
QoQ
11% 8% 49% 41% 30% -20% 16%
YoYAverage
+13%
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
6
15%
31%20%
85%
69%80%
4Q02 1Q03 2Q03
Pre Paid
Post Paid
Wireless Operating & Financial Performance
Gross Revenue (R$ Million) Net Additions (in Thousands)
Net Additions 2Q03 *
54%Oi 46%
Market Share - June/03
* Source: market estimates
12.5%
87.5%
900 321 513
Oi
Other Operators
Other Operators
24%
63% 59%
76%
37% 41%
4Q02 1Q03 2Q03
Handsets
Services
314 391366
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
7
Costs & Operating Expenses*R$m
*Ex depreciation & amortization
2Q02 1Q03
1Q03
2Q03
2Q03
Cost of services
Interconnection
Selling
G&A / Other
Cost of services
Interconnection
Selling
G&A/
Other
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
8
Bad Debt Provisions% Gross Revenue
2Q032Q02 3Q02 4Q02 1Q03
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
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EBITDA - ConsolidatedR$m
3,083 3,226 3,218 3,343
2,780
1,476 1,4791,311 1,285 1,260
44.3%
45.9%
39.1%41.7%
47.2%
2Q02 3Q02 4Q02 1Q03 2Q03
Net Revenue Ebitda Ebitda Margin
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
10
CapexR$m
386
509
185
295
697
Wireless
Wilreine
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
11
443129
265232
164220
18
108126
1Q03 2Q03
586
651
Taxes on Financial Income -2
Financial ExpensesR$m
Monetary/Exchange Variations
+56
Interest on Loans/Debentures
-33
Banking Fees & Cont. Provision
+18
Other Financial Expenses +26
+65+65
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
12
Debt Profile – Net Debt PositionR$m
Jun-03 Mar-03 Dec-02 Jun-02Total Debt 11,394 11,616 10,774 9,700
Short Term 2,264 2,053 1,769 1,220 Long Term 9,130 9,563 9,006 8,481
(-) Cash (1,789) (1,479) (1,513) (573) (-) Long Term Financial Investments (86) (132) (141) - (=) Net Debt 9,519 10,005 9,121 9,128
A 5% reduction in net debt
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
13
Debt Profile – Maturity ScheduleR$ m
Total Debt:
11,394
1,100
2,340 2,420
3,112
1,032
508
882
2H2003 2004 2005 2006 2007 2008 2009onwards
% To be Amortized
2H2003 9.7%2004 20.5%2005 21.2%2006 27.3%2007 9.1%2008 4.5%2009 onwards 7.7%Total 100.0%
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
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Outlook
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
15
Q&A Session
August/03
TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03
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“Safe Harbor” Statement
Investor Relations
Rua Humberto de Campos, 425 / 7º andar
Leblon
Rio de Janeiro -RJ
Phone: ( 55 21) 3131-1314/1313/1315
Fax: (55 21) 3131-1155
E-mail: invest@telemar.com.br
Visit our website: http://www.telemar.com.br/ri
This presentation contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements and involve inherent risks and uncertainties. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events
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