Download - August/03 TNE - Conference Call – 2Q03 0 Conference Call 2Q03

August/03

TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

1

Conference Call 2Q03

August/03


2

• Second Quarter Results

• Debt Position

• Outlook

• Q&A Session

Agenda

August/03


3

Platform Growth

(Million Lines, End of Period)

14.916.5 16.7 17.1

15.6

Wireless

Wireline

August/03


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


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


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


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


8

Bad Debt Provisions% Gross Revenue

2Q032Q02 3Q02 4Q02 1Q03

August/03


9

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


10

CapexR$m

386

509

185

295

697

Wireless

Wilreine

August/03


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


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


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


14

Outlook

August/03


15

Q&A Session

August/03


16

“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: [email protected]

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

Download - August/03 TNE - Conference Call – 2Q03 0 Conference Call 2Q03

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