muda tudo. OIBR B3 LISTED N1 EARNINGS PRESENTATION simples. poder. fazer. Investor Relations | May 05, 2022 DISCLAIMER This presentation contains forward-looking statements as defined in applicable Brazilian regulations. Statements that are not historical facts, including statements regarding the beliefs and expectations of Oi, business strategies, future synergies, cost savings, future costs and future liquidity are considered forward-looking statements. Words such as "will", "should", "would", "shall", "a ...

[Company Overview and Judicial Reorganization](index=3&type=section&id=Company%20Overview%20and%20Judicial%20Reorganization) [Company Data and Capital Breakdown](index=3&type=section&id=Company%20Data%20and%20Capital%20Breakdown) As of September 30, 2021, Oi S.A.'s capital structure consisted of approximately **5.95 billion** total shares, comprising **5.80 billion** common shares and **157.7 million** preferred shares, with about **1.84 million** shares held in treasury Capital Breakdown as of 09/30/2021 | Share Type | Paid-in Capital (thousands) | In Treasury (thousands) | | :--- | :--- | :--- | | Common shares | 5,796,478 | 30 | | Preferred shares | 157,727 | 1,812 | | **Total** | **5,954,205** | **1,842** | [Judicial Reorganization and Strategic Plan](index=28&type=section&id=Judicial%20Reorganization%20and%20Strategic%20Plan) Oi S.A. operates under a Judicial Reorganization Plan (JRP) initiated in 2016, with a 2020 amendment providing financial flexibility through asset sales and a strategic focus on fiber optics and digital solutions, with court supervision extended to March 31, 2022 - The company filed for judicial reorganization on June 20, 2016, with the plan approved and ratified in late 2017 and early 2018[45](index=45&type=chunk)[46](index=46&type=chunk)[47](index=47&type=chunk) - An amendment to the JRP was approved at a New General Creditors' Meeting on September 8, 2020, and ratified by the court on October 5, 2020, crucial for implementing the company's strategic transformation[52](index=52&type=chunk)[57](index=57&type=chunk) - The company's strategic plan focuses on expanding its fiber optics infrastructure, enabling high-speed connections for residential and business customers and supporting 5G technology[58](index=58&type=chunk)[59](index=59&type=chunk) - Court supervision of the Judicial Reorganization Proceeding was extended until March 31, 2022, to allow for the completion of asset sales (UPIs) as stipulated in the amended plan[60](index=60&type=chunk)[61](index=61&type=chunk) [Amendment to the JRP: Creditor Payments and Financing](index=33&type=section&id=Amendment%20to%20the%20JRP%3A%20Creditor%20Payments%20and%20Financing) The JRP amendment outlines specific payment mechanisms for various creditor classes, including prepayments funded by asset sales, and introduces new financing instruments like **BRL 2.5 billion** InfraCo Debentures and a **USD 880 million** Senior Notes issue to support operations and investments - The amended plan details payment proposals for labor, collateralized, regulatory, and unsecured creditors, including options for straight-line payments and prepayments funded by liquidity events like asset sales[64](index=64&type=chunk)[65](index=65&type=chunk)[72](index=72&type=chunk) - Regulatory claims with ANATEL are being settled under Law 13988, allowing for payment in **84 installments** with a **50% discount** on the principal[67](index=67&type=chunk) - New financing was secured through the issuance of **BRL 2.5 billion** in InfraCo Debentures to fund fiber network expansion and a **USD 880 million** Senior Notes issue by Oi Móvel for operational financing until its asset sale is complete[79](index=79&type=chunk)[87](index=87&type=chunk)[88](index=88&type=chunk) [Sale of UPIs and Corporate Restructuring](index=38&type=section&id=Sale%20of%20UPIs%20and%20Corporate%20Restructuring) As part of its restructuring, Oi agreed to sell a controlling stake (**57.9%**) in UPI InfraCo to Globenet for approximately **BRL 12.9 billion**, a transaction approved by CADE and pending ANATEL's consent, while also completing the upstream merger of Telemar, absorbing **BRL 6.16 billion** in net assets - Oi agreed to sell a controlling stake in UPI InfraCo to Globenet for **BRL 12.92 billion**, with Oi retaining the remaining **42.1%** of the capital stock[90](index=90&type=chunk)[91](index=91&type=chunk)[92](index=92&type=chunk) - The partial sale of UPI InfraCo received final and unappealable approval from the Brazilian antitrust authority (CADE) in November 2021, with ANATEL's consent still pending[93](index=93&type=chunk)[94](index=94&type=chunk) Summary of Net Assets from Telemar Merger (May 3, 2021) | Item | Amount (BRL thousands) | | :--- | :--- | | Total Assets Acquired | 29,935,202 | | Total Liabilities Assumed | (23,773,185) | | **Merged Net Assets** | **6,162,017** | [Individual Financial Statements](index=4&type=section&id=Individual%20Financial%20Statements) [Individual Balance Sheets](index=4&type=section&id=Individual%20Balance%20Sheets) As of September 30, 2021, individual total assets increased to **BRL 55.3 billion** from **BRL 38.5 billion** at year-end 2020, driven by held-for-sale assets and property, plant, and equipment, while total liabilities rose to **BRL 54.3 billion** from **BRL 30.8 billion**, and shareholders' equity decreased to **BRL 1.06 billion** from **BRL 7.75 billion** Individual Balance Sheet Highlights (BRL thousands) | Account | 09/30/2021 | 12/31/2020 | | :--- | :--- | :--- | | **Total Assets** | **55,329,866** | **38,525,202** | | Current Assets | 15,332,497 | 6,017,124 | | Non-current Assets | 39,997,369 | 32,508,078 | | **Total Liabilities** | **54,268,057** | **30,773,710** | | Current Liabilities | 6,704,680 | 3,044,306 | | Non-current Liabilities | 47,563,377 | 27,729,404 | | **Shareholders' Equity** | **1,061,809** | **7,751,492** | - Held-for-sale assets increased dramatically from **BRL 100.6 million** to **BRL 4.84 billion**, reflecting the company's ongoing divestment plan[4](index=4&type=chunk) - Non-current borrowings and financing nearly doubled, increasing from **BRL 12.9 billion** to **BRL 22.1 billion**[6](index=6&type=chunk) [Individual Statements of Profit or Loss](index=8&type=section&id=Individual%20Statements%20of%20Profit%20or%20Loss) For the nine months ended September 30, 2021, the company reported a net loss of **BRL 6.71 billion**, a significant improvement from the **BRL 12.33 billion** net loss in the prior-year period, with net operating revenue growing to **BRL 4.72 billion** from **BRL 2.52 billion**, and basic and diluted EPS at a loss of **BRL 1.13** Individual Profit or Loss Summary (YTD - BRL thousands) | Line Item | YTD 09/30/2021 | YTD 09/30/2020 | | :--- | :--- | :--- | | Net operating revenue | 4,724,165 | 2,521,231 | | Gross profit | 716,443 | 506,252 | | Profit (loss) before financial income (expenses) | (4,157,235) | (8,870,455) | | **Profit/loss for the period** | **(6,711,199)** | **(12,327,833)** | Individual Earnings Per Share (YTD - BRL per share) | Share Type | YTD 09/30/2021 | YTD 09/30/2020 | | :--- | :--- | :--- | | Common shares (ON) | (1.13) | (2.07) | | Preferred shares (PN) | (1.13) | (2.07) | [Individual Statements of Cash Flows](index=10&type=section&id=Individual%20Statements%20of%20Cash%20Flows) For the nine months ended September 30, 2021, net cash used in operating activities was **BRL 110.0 million**, a substantial improvement, while net cash used in investing activities was **BRL 1.48 billion**, a reversal from the prior year, and financing activities provided **BRL 430.3 million**, resulting in a **BRL 1.17 billion** decrease in cash and cash equivalents Individual Cash Flow Summary (YTD - BRL thousands) | Activity | YTD 09/30/2021 | YTD 09/30/2020 | | :--- | :--- | :--- | | Net cash from operating activities | (109,964) | (717,588) | | Net cash from investing activities | (1,484,374) | 2,328,865 | | Net cash from financing activities | 430,304 | (246,930) | | **Increase (decrease) in cash** | **(1,167,380)** | **1,550,046** | - The significant positive cash flow from investing activities in 2020 was primarily due to **BRL 3.66 billion** received from a capital reduction in subsidiary PT Participações, which did not recur in 2021[10](index=10&type=chunk) - Financing activities in 2021 were positively impacted by **BRL 725.1 million** in cash acquired through a merger, offsetting lease and tax refinancing payments[11](index=11&type=chunk) [Consolidated Financial Statements](index=15&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Balance Sheets](index=15&type=section&id=Consolidated%20Balance%20Sheets) As of September 30, 2021, consolidated total assets slightly increased to **BRL 75.5 billion** from **BRL 73.8 billion** at year-end 2020, with **BRL 34.4 billion** classified as held-for-sale, while total liabilities rose to **BRL 74.4 billion** from **BRL 66.1 billion**, and shareholders' equity sharply decreased to **BRL 1.08 billion** from **BRL 7.77 billion** Consolidated Balance Sheet Highlights (BRL thousands) | Account | 09/30/2021 | 12/31/2020 | | :--- | :--- | :--- | | **Total Assets** | **75,529,348** | **73,839,787** | | Held-for-sale assets | 34,413,026 | 20,771,942 | | Property, plant and equipment | 16,508,439 | 24,135,058 | | **Total Liabilities** | **74,450,232** | **66,069,877** | | Borrowings and financing | 31,339,944 | 26,343,734 | | **Shareholders' Equity** | **1,079,116** | **7,769,910** | - The reclassification of assets to 'held-for-sale' increased by **BRL 13.6 billion**, reflecting the progress of the company's divestment plan for its mobile, infrastructure, and TV units[15](index=15&type=chunk) - Total borrowings and financing increased by **BRL 5.0 billion**, primarily in non-current foreign currency debt[17](index=17&type=chunk) [Consolidated Statements of Profit or Loss](index=19&type=section&id=Consolidated%20Statements%20of%20Profit%20or%20Loss) For the nine months ended September 30, 2021, the consolidated net loss was **BRL 6.71 billion**, an improvement from the **BRL 12.33 billion** loss in the prior-year period, despite a slight decrease in net operating revenue to **BRL 6.72 billion** from **BRL 7.03 billion**, with a **BRL 536 million** profit from discontinued operations offsetting a **BRL 7.25 billion** loss from continuing operations Consolidated Profit or Loss Summary (YTD - BRL thousands) | Line Item | YTD 09/30/2021 | YTD 09/30/2020 | | :--- | :--- | :--- | | Net operating revenue | 6,716,892 | 7,027,560 | | Gross profit | 1,479,360 | 2,018,457 | | Profit (loss) from continuing operations | (7,249,923) | (11,851,652) | | Profit (loss) from discontinued operations | 536,096 | (475,076) | | **Consolidated profit/loss for the period** | **(6,713,827)** | **(12,326,728)** | Consolidated Earnings Per Share (YTD - BRL per share) | Share Type | YTD 09/30/2021 | YTD 09/30/2020 | | :--- | :--- | :--- | | Common shares (ON) | (1.13) | (2.07) | | Preferred shares (PN) | (1.13) | (2.07) | [Consolidated Statements of Cash Flows](index=22&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended September 30, 2021, net cash used in operating activities was **BRL 1.63 billion**, a significant shift from the **BRL 3.54 billion** generated in the prior year, while net cash used in investing activities increased to **BRL 3.58 billion**, and financing activities provided a substantial **BRL 4.16 billion**, resulting in a **BRL 1.09 billion** decrease in cash and cash equivalents Consolidated Cash Flow Summary (YTD - BRL thousands) | Activity | YTD 09/30/2021 | YTD 09/30/2020 | | :--- | :--- | :--- | | Net cash from operating activities | (1,631,817) | 3,539,622 | | Net cash from investing activities | (3,576,281) | (1,548,142) | | Net cash from financing activities | 4,163,879 | 1,184,677 | | **Increase (decrease) in cash** | **(1,087,757)** | **3,381,165** | - Financing activities were driven by **BRL 6.41 billion** in new borrowings, net of costs, which was partially offset by **BRL 3.51 billion** in repayments[23](index=23&type=chunk) - Investing activities included **BRL 2.30 billion** for purchases of tangible and intangible assets and **BRL 2.49 billion** in cash flows used by discontinued operations[22](index=22&type=chunk)[23](index=23&type=chunk) [Notes to the Financial Statements](index=41&type=section&id=Notes%20to%20the%20Financial%20Statements) [Note 3. Financial Instruments and Risk Analysis](index=46&type=section&id=Note%203.%20Financial%20Instruments%20and%20Risk%20Analysis) The company faces market (foreign exchange, interest rate), credit, and liquidity risks, with **61.4%** of its debt in foreign currency, mitigated by natural hedges and derivatives, while floating-rate debt exposes it to interest rate fluctuations, and liquidity is managed through continuous monitoring and new financing like the **BRL 2.5 billion** InfraCo debentures and **USD 880 million** Senior Bond - The company's borrowings and financing exposed to foreign exchange risk represent approximately **61.4%** of the total[136](index=136&type=chunk) - A sensitivity analysis shows that a **25% depreciation** of the Brazilian real would result in a consolidated loss of **BRL 4.4 billion** from foreign exchange exposure, after considering hedges[146](index=146&type=chunk) - Approximately **32.3%** of the company's debt is subject to floating interest rates, with the most material exposure being to the CDI rate[150](index=150&type=chunk) - Liquidity was strengthened in 2021 with the issuance of **BRL 2.5 billion** in InfraCo debentures and a **USD 880 million** Senior Bond by Oi Móvel to fund CAPEX and operations[161](index=161&type=chunk)[162](index=162&type=chunk) [Note 19. Borrowings and Financing](index=82&type=section&id=Note%2019.%20Borrowings%20and%20Financing) As of September 30, 2021, total consolidated borrowings and financing reached **BRL 31.3 billion**, up from **BRL 26.3 billion** at year-end 2020, comprising Senior Notes (**BRL 14.1 billion**), debentures, and financial institution loans, with a significant portion in foreign currencies, and BNDES financing covenants temporarily suspended Consolidated Borrowings and Financing by Type (BRL thousands) | Type | 09/30/2021 | 12/31/2020 | | :--- | :--- | :--- | | Senior Notes | 14,060,359 | 9,000,226 | | Debentures (Public & Private) | 9,482,604 | 10,851,658 | | Financial Institutions & Other | 22,576,047 | 21,666,937 | | **Subtotal** | **46,119,010** | **41,518,821** | | Less: Debt Discount & Costs | (14,779,066) | (15,175,087) | | **Total** | **31,339,944** | **26,343,734** | - In July 2021, Oi Móvel issued **USD 880 million** in Senior Notes due 2026 and **BRL 2.0 billion** in debentures due 2022 to strengthen cash and repay existing debt[243](index=243&type=chunk)[244](index=244&type=chunk) - Financial ratio covenants in the BNDES financing agreement are temporarily stayed until at least the financial settlement of the UPI Mobile Assets sale or May 30, 2022, whichever comes first[251](index=251&type=chunk) [Note 24. Provisions and Contingent Liabilities](index=89&type=section&id=Note%2024.%20Provisions%20and%20Contingent%20Liabilities) As of September 30, 2021, the company held consolidated provisions totaling **BRL 5.33 billion** for labor, tax, and civil claims, with civil claims (including ANATEL) being the largest at **BRL 2.80 billion**, and also identified **BRL 31.3 billion** in contingent liabilities with a possible unfavorable outcome, primarily tax-related (**BRL 28.6 billion**) Consolidated Provisions by Type (BRL thousands) | Type | 09/30/2021 | 12/31/2020 | | :--- | :--- | :--- | | Labor | 1,413,052 | 1,796,620 | | Tax | 1,114,031 | 1,225,417 | | Civil | 2,800,165 | 2,788,426 | | **Total Provisions** | **5,327,248** | **5,810,463** | Consolidated Contingent Liabilities (Possible Loss) (BRL thousands) | Type | 09/30/2021 | 12/31/2020 | | :--- | :--- | :--- | | Labor | 223,646 | 299,178 | | Tax | 28,643,988 | 28,419,340 | | Civil | 2,439,513 | 2,464,987 | | **Total Contingencies** | **31,307,147** | **31,183,505** | [Note 30. Held-for-Sale Assets and Discontinued Operations](index=109&type=section&id=Note%2030.%20Held-for-Sale%20Assets%20and%20Discontinued%20Operations) The company classified its UPI Mobile Assets, UPI InfraCo, UPI TVCo, and international operations as held-for-sale, totaling **BRL 34.4 billion** in assets and **BRL 13.9 billion** in associated liabilities as of September 30, 2021, with these discontinued operations generating a **BRL 536.1 million** profit for the first nine months of 2021, a significant turnaround from a **BRL 475.1 million** loss in the prior-year period Consolidated Held-for-Sale Assets and Liabilities (BRL thousands) | Category | 09/30/2021 | 12/31/2020 | | :--- | :--- | :--- | | Assets from Sale of UPIs | 34,277,735 | 20,625,007 | | Assets from International Operations | 83,106 | 99,633 | | **Total Held-for-Sale Assets** | **34,413,026** | **20,771,942** | | Liabilities from Sale of UPIs | 13,907,712 | 9,152,947 | | Liabilities from International Operations | 30,091 | 42,429 | | **Total Associated Liabilities** | **13,937,803** | **9,195,376** | Profit (Loss) from Discontinued Operations (YTD - BRL thousands) | Line Item | YTD 09/30/2021 | YTD 09/30/2020 | | :--- | :--- | :--- | | Pretax profit (loss) | 1,425,697 | (474,401) | | Income tax and social contribution | (889,601) | (675) | | **Profit (loss) for the period** | **536,096** | **(475,076)** | [Note 31. Other Information](index=117&type=section&id=Note%2031.%20Other%20Information) The company is cooperating with an investigation related to "Operation: Mapa da Mina," though an internal review found no illegalities, and maintained operational continuity during COVID-19 with remote work and safety protocols, while also detailing the complex corporate restructuring to form UPI InfraCo through capital increases and partial spin-offs - An independent internal investigation related to "Operation: Mapa da Mina" did not identify any indications of illegalities committed by the company[337](index=337&type=chunk) - The company maintained operational continuity during the COVID-19 pandemic by implementing remote work for **~71%** of its workforce and safety protocols for essential field technicians, with no material deviations in operations or results recorded[339](index=339&type=chunk)[340](index=340&type=chunk)[344](index=344&type=chunk) - The formation of UPI InfraCo involved a series of complex corporate restructuring steps, including multiple capital increases and partial spin-offs of the subsidiary BrT Multimídia throughout 2020 and 2021[345](index=345&type=chunk)[346](index=346&type=chunk)[351](index=351&type=chunk)

Oi S.A. (OTC:OIBRQ) Q3 2021 Earnings Conference Call November 11, 2021 10:00 AM ET Company Participants Rodrigo Abreu – Chief Executive Officer Marcelo Ferreira – Director-Investor Relations Conference Call Participants Victor Ricciuti – UBS Carlos Eduardo – BTG Pactual Operator Good afternoon, ladies and gentlemen, and thanks for waiting. Welcome to OiÂ's video conference to discuss 2021 Third Quarter Results. The event to take place in English with simultaneous translation into Portuguese. Please be infor ...

Oi S.A. – under Judicial Reorganization and Subsidiaries Financial Statements for the Quarters Ended June 30, 2021 Interim Financial Information (ITR) - June 30, 2021 - OI S.A. – under Judicial Reorganization Version: 1 Contents | Company Data | | | --- | --- | | Capital Breakdown | 1 | | Individual Financial Statements | | | Balance Sheets, Assets | 2 | | Balance Sheets, Liabilities and Equity | 4 | | Statements of Profit or Loss | 6 | | Statements of Comprehensive Income | 7 | | Statements of Cash Flows | ...

Financial Data and Key Metrics Changes - The company turned positive in net profit but experienced a year-over-year decline in EBITDA while showing a sequential increase [7] - Overall revenues had a small decline, but residential revenues increased by 3.5% year-over-year for the first time in many years [6][15] - Cash levels were managed effectively, reaching BRL3.4 billion by the end of the quarter [31] Business Line Data and Key Metrics Changes - Fiber revenues reached BRL691 million for the quarter, with an annualized revenue number close to BRL3 billion [13] - The total homes passed reached 12 million, with 1.5 million new homes passed in Q2 2021 [5] - Oi Solutions revenues remained stable sequentially but dropped from last year due to legacy declines, while SME revenues returned to growth [17] Market Data and Key Metrics Changes - Fiber now represents over 50% of residential revenues, compensating for a 35% decline in copper revenues [16] - The company achieved a record of over 500,000 homes passed per month, positioning itself well for long-term guidance [8] - The mobile segment showed positive indicators, with strong postpaid recovery despite being classified as discontinued operations [19] Company Strategy and Development Direction - The company is focusing on execution and transitioning to fiber as its core offering for future growth [4] - The launch of the V·tal brand marks a significant milestone in the company's transformation strategy [33] - Future revenue guidance anticipates 10% of revenues coming from new areas within 2 to 3 years, with expectations to reach BRL1.5 billion by 2024 [22][23] Management Comments on Operating Environment and Future Outlook - Management emphasized that 2021 is a transition year, with a focus on operational improvement and cost reduction [41] - The company is confident in achieving its transformation goals by the beginning of next year, having overcome previous challenges [42] - The competitive landscape for fiber deployment is expected to have minimal overlap, allowing for growth opportunities [50][51] Other Important Information - The company has established a new ESG Commission and aims to improve its MSCI ESG rating [39] - Employee engagement is high, with a satisfaction index close to 97%, indicating strong internal support for transformation initiatives [40] Q&A Session All Questions and Answers Question: Clarification on V·tal's CapEx - The BRL30 billion investment does not include past investments and is aimed at building infrastructure for over 32 million homes passed [45][47] Question: Competitive Environment in Fiber Deployment - There is some overlap in larger cities, but the company prioritizes areas without existing fiber builds, believing there is space for all players [50][51] Question: Demand for V·tal Services from Other Clients - Demand for V·tal services has started to pick up, with over 10 contracts signed with various ISPs [58][60] Question: Competitive Environment in Mobile Segment - The mobile market is competitive but not predatory, with a focus on maintaining strong postpaid performance while reformulating prepaid plans [63][64] Question: M&A for V·tal's Expansion - M&A could make sense for V·tal's infrastructure expansion, but it will be analyzed by the new controlling shareholder [67][68]

earnings review INVESTOR RELATIONS A u g u s t 1 1 , 2 0 2 1 IMPORTANT NOTICE AUG 2 1 1 This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and the applicable Brazilian regulations. Statements that are not historical facts, including statements regarding the beliefs and expectations of Oi S.A. – under Judicial Reorganization ("Oi" or "Company"), business strategies, future synergies, cost savings, future costs and future liqui ...

Oi S.A. ADR (OTC:OIBRQ) Q1 2021 Results Conference Call May 13, 2021 8:00 AM ET Company Participants Rodrigo Abreu - CEO Camille Faria - CFO Conference Call Participants Craig Carlozzi - Longfellow Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Oi S.A.Â's conference call to discuss the first quarter of 2021 results. This event is also being broadcast simultaneously on the Internet by webcast, which can be accessed on the companyÂ's IR website, www.oi.com.br/ri together wi ...

Table of Contents OR As filed with the Securities and Exchange Commission on May 11, 2021 x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2020 UNITED STATES OR SECURITIES AND EXCHANGE COMMISSION ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR Washington, D.C. 20549 FORM 20-F ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 ¨ SHELL COMPA ...

Call Start: 11:00 January 1, 0000 12:13 PM ET Oi S.A. ADR (OTC:OIBRQ) Q4 2020 Earnings Conference Call March 29, 2021 11:00 AM ET Company Participants Rodrigo Abreu - CEO Conference Call Participants Leonardo Olmos - UBS Soomit Datta - Newstreet Maria Tereza - Santander Operator Good morning, ladies and gentlemen. Thank you for standing by and welcome to Oi S.A's Conference Call to discuss the Fourth Quarter of 2020 Results. This event is also being broadcast simultaneously on the Internet via webcast, whic ...

Financial Performance & Strategy - Oi delivered on all objectives set for 2020[13] - Net revenues decreased by 45% from 4700 million to 4490 million R$[15], then increased by 35% to 4648 million R$, and finally increased by 15% to 4720 million R$[15] - Postpaid revenues grew 63% in 2020 compared to the previous year[16] - Routine EBITDA increased by 05% from 1452 million to 1460 million R$[18] and Routine Ebitda Margin increased from 299% to 309%[57] - The company is in the process of securing significant injection of resources through the sale of designated UPIS[97] Fiber Expansion - Fiber revenues fully offset Legacy decline QoQ[14] - Fiber has already reached 30% share of revenues and is TAKING OVER AS THE MOST RELEVANT REVENUE LINE in residential[30] - Fiber revenue in 4Q20 reached over 500 million R$[20] - The company added 59% more Homes Connected (HCs) in 2020 than the 2nd player[25] B2B and Wholesale - IT revenues increased by 51% from 451 million to 679 million R$[41] - Wholesale revenues increased by 134%[44]