Telefonica Brasil S.A.(VIV) - 2021 Q1 - Earnings Call Presentation

Financial Performance - Core revenues grew by 4.7% YoY, leading to total revenue growth of 0.2% in 1Q21[6, 10] - Recurring EBITDA reached R$4.5 billion in 1Q21, a 0.5% YoY increase[6] - Free Cash Flow after Leases was R$2.2 billion in 1Q21, up 3.7% YoY[6] - Shareholder remuneration declared YTD21 was R$700 million, resulting in a 7.9% dividend yield in LTM[6] - Net income was R$942 million in 1Q21[47] Customer Base and Revenue Streams - Mobile postpaid accesses reached 46 million, with 1.1 million net additions, the highest since 2017[6] - FTTH homes connected totaled 3.7 million, a 41% YoY increase, with a record of 368 thousand net additions[6] - FTTH revenues in 1Q21 were R$1.0 billion, a 61.2% YoY increase[6] - Core businesses represent almost 90% of revenues[8] Strategic Initiatives and Investments - Capex increased by 18.0% YoY, with 83% dedicated to growth and transformation, particularly in FTTH[44] - Vivo is expanding its digital ecosystem through partnerships and launching platforms like e-Health and Vivo Pay[35, 37] - FiBrasil, a neutral fiber network, aims to accelerate fiber deployment and expand to over 5 million FTTH homes passed in 4 years[34]