Telefonica Brasil S.A.(VIV) - 2021 Q3 - Earnings Call Presentation

Financial Performance - Net profit increased by 8.5% YoY in 3Q21, reaching R$1.3 billion[6] - Recurring EBITDA grew by 2.1% YoY in 3Q21, amounting to R$4.4 billion, with an EBITDA margin of 40.0%[6] - Free cash flow totaled R$6.7 billion in the first 9 months of 2021[70] Revenue Growth - Mobile service revenue experienced the highest YoY growth in 6 years, increasing by 5.7%[6] - Core fixed revenues grew by 14.8% YoY, driven by a 37.2% YoY increase in fiber revenues[6] - Total revenues increased by 2.2% to R$11.033 billion[9] Customer Base and Market Share - The company has 48 million mobile postpaid accesses, leading to the largest mobile base since 2015, totaling 97 million[6] - Fiber homes connected increased by 39.2% YoY, reaching 4.4 million[6] - The company holds a 33.0% mobile market share, 36.8% postpaid market share, and 28.8% prepaid market share[16] Fiber Expansion - Fiber revenues reached R$1.5 billion, with a CAGR of 40.3% from 3Q19-21[29] - The company is targeting 29 million homes passed by 2024, an increase of 11 million[30, 31] - Cost per home passed has been reduced by 60% to approximately R$160[33] Shareholder Returns - R$1.9 billion was declared for shareholder remuneration in 9M21, with a dividend yield of 7.4%[6] - R$0.4 billion was allocated to share buybacks in 9M21, representing 11.7 million shares in treasury, or 0.69% of total equity[6] B2B Digital Services - B2B digital revenues reached approximately R$1.9 billion (LTM), a 35% increase[39] - B2B digital services account for 23% of total B2B revenues (LTM)[38]