SÃO PAULO, July 27, 2021
/PRNewswire/ -- Telefônica Brasil - (B3: VIVT3; NYSE: VIV),
announces its results for 2Q21.
Revenue acceleration driven by positive evolution of mobile
and fiber accesses, combined with net profit growing 20.9%
R$
million
|
2Q21
|
%
y-o-y
|
|
|
|
Net Operating
Revenues
|
10,649
|
3.2
|
Core
Revenue
|
9,453
|
8.2
|
Mobile
Revenue
|
6,990
|
5.6
|
Fixed Core
Revenue
|
2,462
|
16.4
|
Non-Core
Revenue
|
1,197
|
(24.4)
|
Total
Costs
|
(6,423)
|
3.4
|
Recurring Total
Costs
|
(5,860)
|
(5.7)
|
Recurring
EBITDA
|
4,226
|
3.0
|
Recurring EBITDA
Margin
|
39.7%
|
(0.1)
p.p.
|
Reported
EBITDA
|
4,789
|
16.7
|
Reported EBITDA Margin %
|
45.0%
|
5.2
p.p.
|
Net
Income
|
1,345
|
20.9
|
|
|
|
Capex | Ex- IFRS
16
|
2,251
|
17.9
|
Free Cash Flow
after Lease Payments
|
1,868
|
(32.6)
|
|
|
|
Total Subscribers
(thousand)
|
96,721
|
5.1
|
Core
Subscribers
|
87,197
|
8.7
|
Non-Core
Subscribers
|
9,524
|
(19.0)
|
Mobile market share reached 33.0% in April 2021[1],
reaffirming Vivo's leadership in the mobile business. Postpaid
accesses grew 8.7% y-o-y and accounted for 58.2% of total
mobile accesses, with a market share of 36.9% in April 2021¹.
Fiber-to-the-home broadband customers totaled 4
million (+41.3% y-o-y), posting strong net additions in 2Q21.
FTTH Revenues increased 49.7% versus 2Q20, reaching
R$1,062 million.
Net revenues grew +3.2% y-o-y due to a portfolio of
unmatched quality and service. Core businesses continues to
increase its relevance, as it already represents 89% of total
revenues. Core fixed revenues continue
to grow significantly (+14.3% y-o-y) while mobile revenues
are showing solid recovery once again (+5.6% y-o-y).
Total Costs went +3.4% up in 2Q21, as cost base is
evolving with the sale of handsets and digital services, offsetting
this quarter cost reductions based on digitalization and
simplification initiatives.
Recurring EBITDA totaled R$4,226
million (+3.0% y-o-y) in 2Q21, with a recurring EBITDA
margin of 39.7%.
Investments of R$2,251
million in 2Q21, focused on the expansion of the FTTH
network and the capacity of the 4G and 4.5G networks.
Net income equaled R$1,345
million, (+20.9% y-o-y) with improved operating
performance. Shareholder remuneration declared until June-21
reached R$1,330 million, representing
a dividend yield of 7.7%.
Free Cash Flow after Leasing payments totaled
R$1,868 million in 2Q21, reflecting
the ongoing, efficient Company's financial management.
TELEFÔNICA BRASIL – Investor Relations
Christian Gebara
David Melcon
Luis Plaster
João Pedro Carneiro
+55 11 3430-3687 / ir.br@telefonica.com
To download the complete version of the Company's earnings
release, please visit our website:
http://www.telefonica.com.br/ir
1 Most recent market share data published by Anatel
with information of all large carriers.
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content:https://www.prnewswire.com/news-releases/2q21-results-telefonica-brasil-sa-301342667.html
SOURCE Telefônica Brasil S.A.