Sao Paulo, Brazil – TIM S.A. held its Q1 2024 Earnings Conference Call on May 7, 2024. The conference call featured key company participants such as Vincent Ferreira, Head of Investor Relations; Alberto Griselli, Chief Executive Officer; and Andrea Viegas, Chief Financial Officer.

During the conference call, Alberto Griselli, CEO of TIM Brazil, expressed satisfaction with the company’s solid start in 2024. Griselli highlighted the positive results achieved due to a well-designed plan and effective execution. The company saw above-inflation expansion in service revenues and significant growth in EBITDA and operating free cash flow. Griselli emphasized the company’s focus on its best service, best network, and best offer strategy, aimed at enhancing customer experience and brand recognition.

Furthermore, Andrea Viegas, CFO of TIM, discussed the company’s financial performance. Viegas highlighted the growth in top-line revenue and EBITDA, along with an increase in net income driven by operational efficiency. Despite challenges in the Brazilian macro and political environment, Viegas expressed confidence in meeting the company’s guidance by the end of the year.

In terms of future strategies, Griselli mentioned the company’s commitment to ESG initiatives, including targets related to increasing diversity in leadership, bridging the digital divide, and enhancing solid waste treatment. TIM has received recognition for its efforts in diversity and inclusion, positioning the company as a leader in ESG practices.

Looking ahead to the second quarter, the company plans to continue its more-for-more strategy for control and postpaid services. Additionally, commercial expenses related to investments and market advertising are expected to increase. The company remains focused on improving margins and operational efficiency to sustain its financial performance.

Overall, the first quarter results and strategic outlook presented during the conference call indicate TIM’s continued commitment to growth, innovation, and sustainability in the telecommunications industry. The company’s proactive approach to addressing challenges and capitalizing on opportunities positions it well for future success.