Guidance

TIM Brasil 2021-2023 Targets

GOALS SHORT TERM TARGETS (2021) LONG TERM TARGETS
Revenue Growth

Sustainability

Service Revenues Growth:
Mid single digit (YoY)
Service Revenues Growth (CAGR ’20-’23):

Mid single digit standalone

High single digit combining Oi’s assets

Improve Profitability EBITDA Growth:
Mid single digit (YoY)(including preparation costs)
EBITDA Growth (CAGR ’20-’23):

Mid single digit standalone

Double digit combining Oi’s assets

Infrastructure Development Capex:

~R$ 4.4 bln

(including preparation investments)

Capex (cumulated 2021-’23):

~R$ 13.0 bln standalone

~R$ 13.5 bln combining Oi’s assets

(Capex on revenues declining starting in 2022 combining Oi’s assets)

Expand Cash Generation EBITDA-Capex on Revenues:
~24%(including preparation costs and investments)
 

EBITDA-Capex on Revenues:

≥ 29% in 2023 combining Oi’s assets

Note: Oi’s assets expected impacts refer to the portion of the assets that would be transferred to TIM after the closing and considers split assumptions contained in the SPA contract.

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