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TIM Reports Its 4Q13 and 2013 Results

RIO DE JANEIRO, BRAZIL -- (Marketwired) -- 02/13/14 -- TIM Participações S.A. (BOVESPA: TIMP3) (NYSE: TSU) announces its 4Q13 and 2013 results and invites you to join the Conference Call, scheduled for tomorrow, February 14th, at 10:00am - US EST.
See below 2013 main highlights:

Postpaid customer base grew 14.6% YoY, while voice postpaid grew +20.7% YoY;

Voice usage also at a solid pace, MOU closed the year with an average of 148' (+8.8% YoY);

Total Net Revenues grew 6.2% YoY, reaching R$19.9 bln, while Net Mobile Service Revenues were up by 3.5% YoY;

Gross Data Revenues grew +21.5% YoY to R$5.4 bln, supported by increasing smart/webphone penetration, accounting for ~55% of total base;

Handset Net Revenues reached R$3.2 bln (+37.4% YoY), driven by a better mix of sales (> 80% of total sales in smart/webphones);

SAC (subscriber acquisition cost) maintained the decline trajectory, reaching R$27.6, and -6.1% YoY, while Bad Debt stood at 0.8% of gross revenues, confirming the historical lowest level;

Leased Lines Cost (EILD) decreased 6% YoY, amid growth in postpaid (+15%) and total traffic (voice +15% YoY and data +78% YoY);

EBITDA totaled R$5.2 bln (+4% YoY) with EBITDA margin at 26.1% and Service margin (ex-handset business) at 32%;

Net Income reached R$1.5 Bln in 2013, +4% YoY;

Live TIM customer base reached 60k users, adding 17.7k clients in the 4th quarter. Addressable Households reached above 1 mln;

Fiber-To-The-Site (FTTS) advances: 95% of phase 1 and 2 completed for 35 cities;

Capex: R$3.9 bln in 2013 (+3% YoY), being more than 90% allocated to infrastructure.

Conference Calls Details:
February 14th, 2014
01:00 PM (Brazil)
10:00 AM (US EST)

Phone: +1 888 700-0802 (USA)
+1 786 924-6977 (other countries)
+55 11 4688-6361 or +55 11 4706-0951 (Brazil)

Code: TIM
Replay: +55 11 4688-6312
Code: 1366633

February 14th, 2014

10:00 AM (Brazil)
07:00 AM (US EST)
Phone: +55 11 4688-6361 or +55 11 4706-0951 (Brazil)

Code: TIM
Replay: +55 11 4688-6312
Code: 1351547

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