VIVO - Apresentation of 2nd Quarter 2009 Results

Click here to load reader

Embed Size (px)

description

VIVO - Apresentation of 2nd Quarter 2009 Results

Transcript of VIVO - Apresentation of 2nd Quarter 2009 Results

  • 1. RESULTS 2Q09 Vivo Participaes S.A. July 29, 2009 29
  • 2. HIGHLIGHTS R$ billion 2Q09 2Q08 % Net Service Revenue 3.6 3.4 7.1% Expenses (2.7) (2.9) -7.2% Ebitda 1.2 0.8 42.3% Ebitda Margin 30.4% 22.2% 30 4% 22 2% 8.2 p.p. 82pp Ebit 0.4 0.1 258.0% Net Results* R$ million 172.4 (63.9) n.d. * Brazilian Corporate Law.
  • 3. TELEMIG The operation was approved at the General Shareholders Meeting of June 27th. Next Steps Jul 29 Beginning of the withdrawal right period; Aug 28 Last day for exercising the withdrawal right; Last da for trading Telemig Cel lar and Telemig Cel lar day Celular Celular Sep 04 Participaes shares; Sep 08 Beginning of the payments to the transaction dissidents; Sep 08 Beginning of the shares trading under Vivo's ticker;
  • 4. Operational Performance
  • 5. COMMERCIAL PERFORMANCE Nationwide market leader Market Share: 29.3% in Brazil thousand GSM + WCDMA: 77% of our customer base CUSTOMERS + 6,384 + 1,178 RECHARGE POINTS , 45,641 46,819 40,435 8.794 9.044 541 539 7.745 487 36.847 37.775 32.690 2Q08 1Q09 2Q09 2Q08 1Q09 2Q09 Pre Paid Post Paid
  • 6. SAC Blended - 3.5% - 14.4% 97 86 83 23% 25% 24% 28% 26% 36% 49% 49% 40% 2Q08 1Q09 2Q09 Major ffi i M j efficiency i in Subsidy Comissions Advertising subscriber acquisition cost.
  • 7. ARPU TREND - 8.7% - 2.6% MAIN CAMPAIGNS 28.8 27.0 26.3 12,6 11,5 10,9 16,2 15,5 15,4 2Q08 1Q09 2Q09 Outgoing Incoming
  • 8. MOU AND TRAFFIC TRENDS MOU VOICE TRAFFIC Million of minutes - 14.9% - 0.5% 3.9% + 5.7% 94 77 80 11,080 11,022 10,427 10 427 32 27 3.727 3.787 28 3.835 62 49 53 7.353 6.592 7.235 2Q08 1Q09 2Q09 2Q08 1Q09 2Q09 Outgoing Outgoing Incoming Incoming
  • 9. Financial Performance
  • 10. NET SERVICE Data + VAS Revenue REVENUE 12.6% of Net Service Revenue 30% YoY growth R$ million + 7.1% - 1.1% DATA AND VAS REVENUE 3,670 + 29.9% 3,630 3,390 + 3.3% 1.668 1.679 1.526 1 526 1.518 457 1.447 1.463 443 352 232 225 176 443 457 352 190 123 165 66 41 31 53 46 42 2Q08 1Q09 2Q09 2Q08 1Q09 2Q09 Others Network Usage g SMS + MMS Vivo Internet Data and VAS Access and Usage Others
  • 11. OPERATING EXPENSES* R$ million 888 Service Rendered 872 851 451 Goods Sold 613 604 899 Selling Expenses 764 909 General and 137 162 Administrative 176 214 H.R. 211 197 230 Fistel, Fust, Funtel 229 184 2Q09 1Q09 2Q08 * Excluding depreciation.
  • 12. EBITDA AND MARGIN R$ million BALANCE BETWEEN SALES 29,9% 30.4%* AND PROFITABILITY Service Revenue YoY 7.1% 7 1% Costs YoY 7.2% + 8.2 p.p. Ebitda YoY 42.3% 22.2% 1.204 1.198 842 2Q08 1Q09 2Q09 EBITDA EBITDA Margin * Including the extraordinary effect of ICMS reversion of R$47,5 million.