Core Insights - Telefônica Brasil reported strong operating performance in 3Q24, with growth in revenues, EBITDA, and net income, alongside reduced Capex intensity [1] Financial Performance - Net Operating Revenue reached R$14,039 million, a 7.1% increase YoY, driven by Mobile Services revenue growth of 8.8% YoY [2][3] - EBITDA totaled R$5,950 million, reflecting a 7.4% YoY increase, with an EBITDA margin of 42.4% [2][3] - Net Income attributed to Telefônica Brasil was R$1,667 million, marking a 13.3% YoY increase [5] Revenue Breakdown - Mobile Services revenue was R$9,212 million, up 8.8% YoY, supported by a 10.4% increase in postpaid revenue [2] - FTTH revenue grew by 14.0% YoY to R$1,790 million, with the network present in 444 cities and 6.7 million homes connected [3] - Fixed revenue increased by 3.6% YoY, driven by FTTH and Corporate Data, ICT, and Digital Services [3] Cost and Cash Flow - Total Costs increased by 6.8% YoY to R$8,089 million, while Operating Cash Flow reached R$9,972 million, a 12.0% YoY increase [2][4] - Free Cash Flow was R$1,671 million, down 12.9% YoY [2] Capital Expenditure - Capex ex-IFRS 16 was R$2,495 million, a decrease of 5.0% YoY, representing 17.8% of revenues [4] - Investments focused on enhancing mobile network capabilities, particularly 5G coverage, which is now available in 394 cities [4] Shareholder Remuneration - Shareholder remuneration for 2024 was R$4,790 million, with commitments to distribute at least 100% of net income for each fiscal year from 2024 to 2026 [5]

Financial Data and Key Metrics - Total revenues increased by 7.4%, driven by mobile service revenues which grew by 8.8% [21] - EBITDA expanded by 7.3% year-over-year, with operating cash flow reaching R$6.5 billion and free cash flow at R$5.5 billion, representing over 20% of total revenues [21] - Net income grew by 8.2% year-over-year, reaching over R$2 billion in the first semester [30] - Mobile ARPU increased by 6.3% year-over-year, reaching its highest level since 2019 [22] - FTTH ARPU grew by 4% year-over-year, reaching 90.9 [44] Business Line Data and Key Metrics - Mobile access reached 100.9 million, with postpaid access growing by 7.2% year-over-year [154] - FTTH homes connected grew by 12.7%, adding 199,000 new accesses in Q2 2024 [44] - B2B digital services revenues grew by 19% year-over-year, representing 32% of B2B business and 7% of total revenues [45] - Vivo Total convergent plan reached 1.8 million fiber customers, more than doubling year-over-year [73] - Health and wellness revenues amounted to R$37 million over the last 12 months, with 321,000 subscriptions [23] Market Data and Key Metrics - The company reached 27.3 million homes passed with FTTH, up 10.7% year-over-year, aiming for 29 million by year-end [69] - The prepaid to postpaid migration strategy is driving growth, with prepaid access decreasing from 38.1% to 37% [6] - The company's churn rate in postpaid remains under 1%, with Vivo Total customers experiencing a 1 percentage point lower churn compared to stand-alone fiber customers [151] Company Strategy and Industry Competition - The company is focusing on convergence, offering combined fiber and mobile plans, which has led to a significant increase in Vivo Total customers [74] - The company is actively pursuing M&A opportunities in broadband, looking for the right pricing, footprint, and technical quality [5] - The company is expanding its digital services portfolio, including financial services, insurance, and health and wellness offerings [16][23] - The company is accelerating its ESG agenda, aiming for net-zero emissions by 2035 and increasing diversity in leadership roles [84][85] Management Commentary on Operating Environment and Future Outlook - The company is optimistic about the ability to grow and bring more value to customers through a combination of services and digitalization [34] - The company expects to continue improving margins and operating cash flow, driven by new businesses that require no CapEx [130] - The company is confident in its ability to maintain a high shareholder remuneration, with a payout of at least 100% of net income [149] Other Important Information - The company acquired IPNET, a cloud transformation company, which generated R$218 million in revenues last year, up 35% year-over-year [24] - The company is increasing its focus on financial services, with revenues from these services growing by 27% year-over-year to R$450 million [15] - The company is also expanding its insurance offerings, including life, bike, and pet insurance, with 450,000 customers already insured for smartphones [16] Q&A Session Summary Question: What are the main drivers for the strong net adds in mobile? - The market is seeing more opportunities for migration from prepaid to postpaid, with the company's prepaid access decreasing from 38.1% to 37% [6] Question: How robust is the guidance, and does it consider the concession to authorization migration? - The guidance remains unchanged, with a payout of at least 100% of net income, and the migration does not pose a risk to the guidance [145] Question: What are the trends in prepaid ARPU and recharges? - The prepaid market is performing well, with the company increasing its offer to BRL 70 and seeing a revenue increase of BRL 4.9 million [125] Question: What is the company's exposure to FX depreciation? - The company has some exposure to FX, mainly from handset costs, but it has protections in place and will pass any price increases to consumers [131] Question: What are the economic benefits of the migration from concession to authorization? - The migration will allow the company to dedicate investments to digitalization and bring more efficiency to operations, with potential benefits in OpEx and CapEx [121] Question: What are the trends in broadband and FTTH ARPU? - The company is seeing increased broadband growth, driven by higher gross adds and lower churn, with FTTH ARPU growing due to better customer experience and higher speeds [96][106]

VIVT B3 LISTED Growth acceleration in all key lines while customer base reaches its highest level ever YoY YoY Fiber Homes Connected Mobile Service Revenue Free Cash Flow 1H24 R$6.5 bn Total Revenues growing well above inflation, 5 | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|----------------------------------------------------| | | | | | | | | | | | | | Highest ARPU since 2019, due to | | | | | | | increased consumption and improved customer mix | Improved fiber ARPU and n ...

SÃO PAULO, July 29, 2024 /PRNewswire/ -- Telefônica Brasil - (B3: VIVT3; NYSE: VIV), announces its results for 2Q24. 2Q24 Results: Telefônica Brasil S.A. Strong operating performance leading to above-inflation growth in revenues, EBITDA and net income. | --- | --- | --- | --- | --- | --- | --- | |----------------------------------|----------|----------|------------|----------|------------------|----------| | | | | | | | | | | | | | | | | | R$ million | 2Q24 | 2Q23 | % Y-o-Y | 6M24 | 6M23 | % Y-o-Y | | Net O ...

Telefônica Brasil S.A. (NYSE:VIV) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants João Pedro Soares Carneiro - Investor Relations Director Christian Gebara - Chief Executive Officer David Melcon - Chief Financial Officer & Investor Relations Officer Conference Call Participants Marcelo Santos - JPMorgan Marco Nardini - XP Investimentos Vitor Tomita - Goldman Sachs Carlos de Legarreta - Itau BBA Operator Good morning, ladies and gentlemen. Welcome to Vivo's First Quarter 2024 Ea ...

Telefónica RESULTS 1Q24 May 7th, 2024 Telefônica Brasil S.A. Investor Relations VIV NYSE VIVT B3 LISTED ISEB3 ICO2B3 | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-- ...

As filed with the Securities and Exchange Commission on February 22, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ 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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSU ...

Telefônica Brasil S.A. (NYSE:VIV) Q4 2023 Earnings Conference Call February 21, 2024 9:00 AM ET Company Participants João Pedro Soares Carneiro - Director-IR Christian Gebara - CEO David Melcon - CFO and IR Conference Call Participants Frederico Mendes - Bank of America Marcelo Santos - JPMorgan Eduardo Rubi - UBS Vitor Tomita - Goldman Sachs Marco Nardini - XP Gabriel Vaz de Lima - Morgan Stanley Carlos de Legarreta - Itau BBA Felipe Cheng - Santander Operator Good morning, ladies and gentlemen. Welcome to ...

Telefônica Brasil S.A. (NYSE:VIV) Q3 2023 Earnings Conference Call November 1, 2023 9:00 AM ET Company Participants João Pedro Carneiro – Director-Investor Relations Christian Gebara – Chief Executive Officer David Melcon – Chief Financial Officer and Investor Relations Officer Conference Call Participants Fredi Mendes – Bank of America Bernardo Guttman – XPI Marcelo Santos – JPMorgan Leonardo Olmos – UBS Vitor Tomita – Goldman Sachs Phani Kanumuri – HSBC Carlos de Legarreta – Itaú BBA Carlos Sequeira – BTG ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|---------------------------------------------|--------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | RESULTS 3Q23 | | | | | | | | | October 31 st , 2023 Telefônica Brasil S.A. | | | | | | | | | | Investor Relations | | | | | | | | | | | | | | | | | | | | | | | 1 DISCLAIMER 2 2 This presentation may contain forward-looking statements concerning prospects and objectives regarding t ...