TIM S.A. (NYSE:TIMB) Q1 2023 Earnings Conference Call May 9, 2023 9:00 AM ET Company Participants Alberto Griselli - Chief Executive Officer Andrea Viegas - Chief Financial Officer Vicente Ferreira - Head, Investor Relations Leonardo Capdeville - Chief Technology Officer Conference Call Participants Marcelo Santos - JPMorgan Marco Nardini - XP Lucas Chaves - UBS Lucca Brendim - Bank of America Daniel Federle - Credit Suisse Felipe Cheng - Santander Carl Sequeira - BTG Pactual Operator Good morning, ladies a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ OR ☐ SHELL COMPANY REPORT ...

Financial Performance - The net profit for the fiscal year 2022 was R$1,670,755,074.45 (approximately $320 million) [15] - The allocation of the net profit includes R$1,400,000,000.00 (approximately $270 million) as interest on shareholders' equity, with a gross value of R$0.5783 per share [15] - A complementary dividend of R$600,000,000.00 (approximately $115 million) was approved, to be paid on April 18, 2023 [15] - The company allocated R$166,109,541.43 (approximately $32 million) for profit reserve and R$75,232,276.65 (approximately $15 million) for legal reserve [15] Corporate Governance - The Board of Directors was composed of 10 effective members, approved by the majority of votes cast [17] - The management's report and financial statements for the fiscal year ended December 31, 2022, were approved by the shareholders [13] - The independent auditors' report from Ernst & Young was acknowledged during the meeting [13] - The company’s Fiscal Council's opinion was considered in the allocation of results for the fiscal year 2022 [14] - The annual global compensation for the Board of Directors is set at R$4,860,000.00, with individual allocations based on Board resolutions [32] - The annual global compensation for the Board of Officers is R$78,193,000.00, with 71.4% allocated to short and long-term variable compensation [32] - The Fiscal Council will consist of three regular members and three alternate members, with terms lasting until the Annual Shareholders' Meeting in 2024 [30] - The company confirmed that all elected members of the Board of Directors meet the qualifications established by Brazilian law [23] Mergers and Acquisitions - The merger of the wholly-owned subsidiary Cozani RJ Infraestrutura e Redes de Telecomunicações S.A. into TIM S.A. was proposed and discussed [10] - The company approved the merger under specific conditions, including obtaining prior consent from the Brazilian National Telecommunications Agency (ANATEL) [38] - The company appointed Apsis Consultoria e Avaliações Ltda. to prepare the Appraisal Report as required by Brazilian Corporate Law [36] - The merger aims to strengthen TIM S.A.'s position in the telecommunications market and improve service coverage and quality [52] - The total value of COZANI's shareholders' equity to be merged is R$1,041,136,009.47 (approximately $1.04 billion) [58] - The approval of the merger protocol received 99.05% support, with 2,021,815,845 shares voting in favor [45] - The merger between COZANI and TSA is contingent upon obtaining prior consent from the Brazilian National Telecommunications Agency (ANATEL) and fulfilling operational procedures [59] - COZANI will be extinguished on the Effective Date, with all its assets transferred to TSA, resulting in the cancellation of 3,002,871,878 common shares [61] - TSA will succeed COZANI in its rights and obligations on the Effective Date, assuming responsibility for COZANI's obligations [67] - The merger proposal will be submitted for approval at extraordinary general meetings of both TSA and COZANI [66] - There is no substitution ratio for shares as COZANI is wholly owned by TSA, eliminating minority shareholder interests [64] - TSA's management is authorized to take necessary measures to implement the merger once approved [68] Financial Management - The company reported a significant increase in trade accounts receivable, reflecting a rise in user demand for telecommunications services [115] - The provision for expected credit losses was adjusted based on the subscriber portfolio profile, resulting in a reduction in accounts receivable [116] - Deferred income tax assets were recognized only with a profitable track record, indicating a cautious approach to future tax liabilities [118] - The company capitalized costs related to dismantling towers and equipment, impacting property, plant, and equipment valuations [122] - Leases are capitalized at the lower of the fair value of the leased asset and the present value of payments, affecting financial liabilities [126] - Cash and cash equivalents are measured at amortized cost, ensuring liquidity for operational needs [113] - The company maintains a robust framework for managing financial assets, ensuring compliance with accounting standards [114] - The estimated useful lives of assets are considered in depreciation calculations, impacting financial performance metrics [121] - Deferred revenues relate to prepaid system services that customers have not yet used, impacting future revenue recognition [129] - Liabilities are recognized when there is a present obligation, with estimates based on the best risk assessments [130] - The company’s capital structure includes both equity and debt, influencing its financial stability [141] - Cash flow generated from operations is critical for covering interest and dividends, reflecting the company's financial health [143] - The company’s enterprise value is a key indicator of its overall economic worth [163] - Goodwill represents future economic benefits from assets that cannot be individually identified [190] - The company’s net debt includes cash equivalents and financial obligations, impacting liquidity and financial leverage [185] - Operating assets are essential for the company's core operations, directly affecting revenue generation [187] - The fair market value of assets is determined by potential transactions between informed buyers and sellers [167] - The company’s investment property is held for rental income and capital appreciation, contributing to overall asset value [179]

Financial Data and Key Metrics Changes - The company's top line grew close to 20% year-over-year, with EBITDA increasing more than 17% compared to 2021, leading to a margin exceeding 47% [7][19] - Operating free cash flow rose more than 26% yearly, with a free cash flow margin expanding to 25.5% [8][22] - Net debt-to-EBITDA ratio reached 1.4x, below the company's guidance for this metric [24][79] Business Line Data and Key Metrics Changes - Fixed services revenue grew around 11% versus 2021, with a client base expansion in the mid-single digits [13] - Mobile services revenue expanded significantly, with postpaid revenues up more than 19% year-over-year and prepaid revenues increasing over 21% [91][93] - The company achieved a robust FTTH ARPU level of close to BRL 98 despite competitive pressure [13] Market Data and Key Metrics Changes - The company became the operator with the broadest mobile coverage in Brazil, achieving 100% coverage in all municipalities [89][105] - The competitive environment in the mobile sector has remained rational, with price adjustments benefiting top line growth for prepaid services [36][63] Company Strategy and Development Direction - The company aims to transform into the best mobile operator in Brazil, focusing on efficiency and synergy to improve revenues, OpEx, CapEx, and leases [27][28] - A new partnership in the health sector was announced to address the needs of the underserved population, leveraging telecom services to enhance customer access [99][100] - The company is committed to an integrated ESG agenda, reflected in improved sustainability rankings and recognition for diversity and inclusion policies [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving updated guidance for 2023, anticipating significant expansion in free cash flow margin and improvements in EBITDA margin [28][84] - The company expects to see improvements in operational metrics as the integration of Oi assets progresses and the cleanup of the customer base continues [94][96] Other Important Information - The company has fulfilled its promise of BRL 2 billion in shareholder remuneration, with BRL 1.4 billion already paid [22][23] - The operational challenges faced in 2022, such as high inflation and integration costs, are expected to dissipate in 2023 [18][20] Q&A Session Summary Question: Can you comment on the competitive environment in mobile? - Management noted that the market has been relatively rational, with recent price adjustments benefiting prepaid top line growth and plans for future adjustments in postpaid pricing [36][63] Question: What are the expected impacts of the power decommissioning in 2023? - The decommissioning plan involves dismantling over 3,000 towers in 2023, with financial savings expected to ramp up over time, becoming noticeable in lease payments [37][40] Question: What is the outlook for the effective tax rate in 2023? - The effective tax rate is expected to remain similar to 2022, driven by existing fiscal benefits and no anticipated changes in regulation [44][48] Question: Can you elaborate on the fiber business rollout strategy? - The company is working with partners to expand fiber services, focusing on areas where they have strong brand recognition and commercial capabilities [58][59] Question: How is the integration of Oi assets progressing? - The integration is on track, with significant milestones achieved, including the completion of prepaid transitions and ongoing postpaid migrations [103][104] Question: What is the status of bad debt performance? - Bad debt as a percentage of revenues has decreased, with improvements in collection curves indicating better performance over time [75][76]

TIM S.A. (NYSE:TIMB) Q3 2022 Earnings Conference Call November 8, 2022 8:00 AM ET Company Participants Alberto Mario Griselli - CEO Camille Loyo Faria - CFO Conference Call Participants Marcelo Santos - JPMorgan Diego Aragão - Goldman Sachs Leonardo Olmos - UBS Marco Nardini - XP Investments Daniel Federle - Credit Suisse Operator Good morning, ladies and gentlemen. Welcome to TIM S.A. 2022 Third Quarter Results Conference Call. We would like to inform you that this event is being recorded and all participa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Yes ☐ No ☒ FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: September 3, 2022 Commission File Number: 001-39570 TIM S.A. (Exact name of Registrant as specified in its Charter) João Cabral de Melo Neto Avenue, 850 – North Tower – 12 floor 22775-057 Rio de Janeiro, RJ, Brazil (Address of principal executive office) Indicate by check mark whether the regis ...

Economic Conditions - The weak domestic economy is expected to adversely affect the company's results of operations, cash flows, and financial condition due to reduced consumer purchasing power [173]. - Economic instability in Brazil, including rising interest rates and unemployment, may limit credit availability and consumer purchasing power, adversely affecting demand for the company's products [174]. - Developments in other countries can negatively impact the Brazilian economy and the market value of Brazilian issuers' securities, including the company's [179]. Inflation and Currency Risks - 46% of the company's current indebtedness is denominated in foreign currency (USD), while 54% is linked to inflation (IPCA) and all are subject to cross currency swaps tied to Brazilian floating interest rates [172]. - Inflation adjustments on certain assets and liabilities may lead to decreased disposable income for families, negatively impacting demand for the company's products and services [174]. - The company is exposed to foreign exchange risk due to substantial dollar-denominated expenditures for imported components, equipment, and handsets [172]. Market Volatility - The ongoing COVID-19 pandemic and geopolitical tensions, such as the conflict between Russia and Ukraine, have contributed to market volatility and uncertainty in the Brazilian economy [178]. - The company faces risks from volatility in global financial markets, which may affect its financial condition and results of operations [175]. - The military conflict between Russia and Ukraine is contributing to increased prices of energy, oil, and other commodities, further impacting financial market volatility [181]. - The company may face challenges in accessing capital markets due to adverse effects on investor interest in Brazilian assets [178].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (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, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTI ...