Financial Data and Key Metrics Changes - The company reported a significant improvement in cash position, ending Q1 2020 with BRL 6.3 billion compared to BRL 2.3 billion at the end of the previous year, driven by a bridge loan and the sale of Unitel [46] - Overall residential revenue declined by 12%, primarily due to a 27% drop in copper revenue and a 23% decline in copper broadband revenue, while fiber revenues surged by 700% [22][23][24] - Operating expenses (OpEx) decreased by 7% year-over-year, contributing to an EBITDA margin approaching 32% [39] Business Line Data and Key Metrics Changes - Fiber business achieved a milestone of 1 million FTTH customers, with a target of 1.6 to 1.8 million homes connected by year-end [6][12] - Postpaid revenues grew by 12% annually, with a 20.6% increase in the postpaid customer base [7][26] - B2B IT corporate revenues increased by nearly 40%, while overall B2B revenues declined by 10% due to a drop in voice consumption [30] Market Data and Key Metrics Changes - The company maintained a strong market performance in the postpaid segment, gaining 2 percentage points in market share despite a competitive environment [27] - The prepaid market faced challenges, but the company managed to maintain and slightly increase its market share [28] - Wholesale revenues grew by approximately 7%, marking a return to growth in this segment [32] Company Strategy and Development Direction - The company is focused on long-term sustainability through a strategic transformation plan that emphasizes fiber deployment and operational efficiency [5][10] - A significant shift in CapEx allocation was noted, with 60% directed towards fiber deployment and only 15% towards copper maintenance [42] - The company aims to separate its infrastructure and service operations to enhance focus and efficiency, drawing on successful examples from other countries [112][113] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of the COVID-19 pandemic on operations, particularly in the prepaid segment, but noted resilience in fiber performance [64][66] - The company is optimistic about the recovery of collections and expects to stabilize B2B revenues as the situation normalizes [63] - Future plans include a focus on expanding fiber infrastructure and enhancing customer experience through digital initiatives [100][104] Other Important Information - The company has implemented measures to protect employees during the pandemic, including remote work policies and health monitoring [49][50] - A strategic plan amendment was filed to prepare for a general creditors meeting, aiming for long-term sustainability [69] Q&A Session Summary Question: What are the impacts of the pandemic on the business? - The pandemic affected prepaid top-ups significantly, but there was a recovery observed in late April due to government relief funds [58][60] - Fiber continued to show strong results, with record sales and reduced churn during the crisis [64][66] Question: How is the company managing its cash position? - The company ended Q1 with a cash position of BRL 6.3 billion, bolstered by a bridge loan and asset sales [46] Question: What is the strategy for the fiber business moving forward? - The company aims to connect close to 2 million homes by the end of 2020 and continues to see strong demand for its fiber offerings [12][86]

Financial Highlights - Oi's Q1 2020 Fiber revenue experienced a significant year-over-year growth of 701%[7] - Postpaid revenue increased by 12% annually[7] - IT Corporate revenue grew by 38% annually[7] - The company closed a bridge loan of 25 billion reais[7] - The company received $1 billion from Unitel in January[7] Operational Performance - Oi reached 1 million FTTH customers[7] - 97 thousand new FTTH homes were connected in April alone[7] - Fiber project implementation continues at a strong pace, reaching 1 million FTTH clients[9] - Postpaid customer base increased by 206% from 8114 thousand in 1Q19 to 9784 thousand in 1Q20[19] Strategic Initiatives - The company is pursuing strategic options at the General Creditors Meeting (GCM) for plan amendments and company flexibility, expected for August 2020[7] - Market process for mobile sale is in progress[7] - Structural separation for value maximization is underway, focusing on Infra Co and Client Co[7] - The company is implementing simplification initiatives to generate savings in line with targets for the year[7]

Table of Contents As filed with the Securities and Exchange Commission on April 30, 2020 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-15256 Oi S.A. – In Judicial Reorganization UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...

Table of Contents As filed with the Securities and Exchange Commission on April 26, 2019 Commission file number: 001-15256 Oi S.A. – In Judicial Reorganization UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SE ...