Oi(OIBRQ) - 2019 Q3 - Earnings Call Presentation

Financial Performance - Oi's total net revenue in Brazil decreased by 8.8% year-over-year, from R$5431 million in 3Q18 to R$4955 million in 3Q19[54] - Routine EBITDA decreased by 30.7% year-over-year, from R$1454 million in 3Q18 to R$1008 million in 3Q19[54] - Capex increased by 37.1% year-over-year, from R$1502 million in 3Q18 to R$2060 million in 3Q19[54] - Net loss was R$5521 million in 3Q19, compared to a net loss of R$1366 million in 3Q18[54] Operational Highlights - Homes passed with fiber reached 3.6 million at the end of September[12] - Homes connected (HC) over homes passed (HPs) with fiber was 11.4% in September[12] - Postpaid customer base increased by 22.8%, from 7355 thousand in 3Q18 to 9032 thousand in 3Q19[25] - IT contracted revenue grew by 192% year-on-year, contributing to the total Corporate segment revenue growth[13] Strategic Initiatives - The company is focusing on strategic initiatives such as great fiber acceleration, continuity of mobile's growth strategy, sale of non-strategic assets, fund raising, and simplification and cost reduction[10, 11] - The company aims for R$1 billion reduction in annual costs through structural cost reduction and digitalization programs[47]