TIM(TIIAY) - 2019 Q3 - Earnings Call Presentation

Q3 2019 Financial Performance - Group service revenues decreased by 4% YoY, excluding Sparkle[37] - Domestic service revenues decreased by 6.1% YoY[37] - Brazil service revenues increased by 3.0% YoY[37] - Group EBITDA decreased by 4.5% YoY[37] - Domestic EBITDA decreased by 6.9% YoY[37] - Brazil EBITDA increased by 6.8% YoY[37] - Net debt reduced by approximately €1 billion in 9 months[13] - Equity Free Cash Flow increased 6x YoY in 9 months[13] - Net Debt at €24.312 billion, with a reduction of €419 million from Q2[37] Strategic Initiatives - TIM and Vodafone Italia network sharing partnership awaiting Antitrust clearance[15] - Strategic alliance with Google Cloud to tap cloud growth opportunity[19] - Consumer credit partnership with Santander Consumer Bank to enhance credit management and reduce bad debt, expecting €0.5 billion debt reduction in 2020[15, 24] Guidance - The company maintains its guidance for 2019, with low single-digit decrease in organic service revenues and EBITDA-AL[105]