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TIM(TIIAY) - 2024 Q4 - Earnings Call Presentation
TIMTIM(US:TIIAY)2025-02-13 17:51

FY 2024 Performance Highlights - TIM Group achieved its FY 2024 guidance, marking three consecutive years of meeting targets[6] - The Group's domestic revenues reached €14.5 billion, showing a 3.1% increase, with service revenues growing by 3.4%[16] - Group EBITDA After Lease increased by 10.1% to €3.7 billion, while domestic EBITDA After Lease grew by 8.5% to €2.0 billion[16] - The Group's adjusted net debt after lease decreased to €7.3 billion, resulting in a leverage ratio of less than 2.0x, including the INWIT residual stake disposal[16] - TIM Brasil's mobile customer base increased to 31.4 million lines[19] Strategic Plan 2025-2027 - TIM Group plans to invest €6 billion in 2025-2027 to strengthen its leadership in 5G, Cloud, and IoT[36] - TIM Enterprise aims to increase its ICT revenue mix from 64% in 2024 to over 70% by 2027[50] - TIM Brasil targets service revenue growth of approximately 5% CAGR and EBITDA growth of 6-8% CAGR until 2027[55] - The Group anticipates generating approximately €2.5 billion in Equity Free Cash Flow After Lease cumulatively from 2025 to 2027[62] - TIM plans to restore ordinary shareholder remuneration starting from fiscal year 2026, with cash-out in 2027, and an extraordinary remuneration post Sparkle closing[62]