Guidance

TIM Brasil Financial Guidance

GOALS SHORT-TERM TARGETS (2023) MID-TERM TARGETS (UNTIL 2025)
Revenue Service Revenues Growth:
High single-digit YoY
Service Revenues Growth:
Mid single-digit
(above inflation) CAGR 22-25
EBITDA EBITDA Growth:
Low double-digit YoY
EBITDA Growth:
High single-digit CAGR 22-25
Capex Capex on Revenue:
Ratio < 20%
Capex:
~R$ 13.3 bln Σ 23-25
EBITDA-AL* – Capex EBITDA-AL minus
CAPEX Growth:
Double-digit YoY
EBITDA-AL minus
CAPEX Growth:
Double-digit CAGR 22-25
Shareholders Remuneration >R$ 2.9 bln Continuous evolution

*EBITDA after leasing payment.