SÃO PAULO, Oct. 27, 2021
/PRNewswire/ -- Telefônica Brasil - (B3: VIVT3; NYSE: VIV),
announces its results for 3Q21.
Fixed revenue back to growth and best mobile service revenue
annual increase in 6 years, combined with net profit growing
8.5%
R$
million
|
3Q21
|
3Q20
|
%
y-o-y
|
9M21
|
9M20
|
%
y-o-y
|
|
|
|
|
|
|
|
Net Operating
Revenues
|
11,033
|
10,792
|
2.2
|
32,532
|
31,934
|
1.9
|
Core
Revenue
|
9,888
|
9,337
|
5.9
|
28,904
|
27,202
|
6.3
|
Mobile
Revenue
|
7,391
|
7,163
|
3.2
|
21,529
|
20,852
|
3.2
|
Fixed Core
Revenue
|
2,496
|
2,174
|
14.8
|
7,375
|
6,350
|
16.1
|
Non-Core
Revenue
|
1,145
|
1,455
|
(21.3)
|
3,628
|
4,732
|
(23.3)
|
Total Recurring
Costs
|
(6,620)
|
(6,470)
|
2.3
|
(19,437)
|
(19,078)
|
1.9
|
Reported Total
Costs
|
(6,203)
|
(6,470)
|
(4.1)
|
(18,457)
|
(19,002)
|
(2.9)
|
Recurring
EBITDA
|
4,414
|
4,322
|
2.1
|
13,095
|
12,856
|
1.9
|
Recurring EBITDA
Margin %
|
40.0%
|
40.0%
|
(0.0)
p.p.
|
40.3%
|
40.3%
|
(0.0)
p.p.
|
Reported
EBITDA
|
4,830
|
4,322
|
11.8
|
14,075
|
12,932
|
8.8
|
Reported EBITDA Margin %
|
43.8%
|
40.0%
|
3.7
p.p.
|
43.3%
|
40.5%
|
2.8
p.p.
|
Net
Income
|
1,315
|
1,212
|
8.5
|
3,602
|
3,478
|
3.6
|
|
|
|
|
|
|
|
Capex | Ex-
IFRS 16
|
2,151
|
1,803
|
19.3
|
6,346
|
6,346
|
18.4
|
Free Cash Flow
after Lease Payments
|
2,634
|
3,540
|
(25.6)
|
6,701
|
6,701
|
(20.5)
|
|
|
|
|
|
|
|
Total Subscribers
(thousand)
|
97,424
|
93,718
|
4.0
|
97,424
|
97,424
|
4.0
|
Core
Subscribers
|
88,601
|
82,627
|
7.2
|
88,601
|
88,601
|
7.2
|
Non-Core
Subscribers
|
8,823
|
11,091
|
(20.4)
|
8,823
|
8,823
|
(20.4)
|
The customer base totaled 97.4 million accesses. The
mobile customer base reached 82.3 million accesses, the
highest volume since 2Q15. Postpaid accesses came to 48.1
million, an increase of +4.1 million in the last 12
months.
Mobile market share reached 33.0% in July 2021,
reaffirming Vivo's leadership in the mobile business. Vivo's
market share in postpaid reached 36.8% in July 2021.
Fiber-to-the-home customers totaled 4.4 million
(+39.2% y-o-y), posting strong net additions in 3Q21. Vivo Fibra is
available in 309 cities (+65 cities y-o-y) with
18.3 million HPs (+3.8 million HPs in 12 months).
FTTH Revenues reached R$1,137
million (+37.2% y-o-y).
Net revenues grew +2.2% y-o-y due to acceleration in
mobile service revenue and return of growth in fixed
revenue, driven by FTTH and Corporate Data and
ICT. Mobile service revenues registered the
highest growth in the last 6 years, with an expansion of
+5.7% y-o-y. Total fixed revenue grows again after 4 years,
with the highest relevance of the core fixed businesses.
Recurring Total Costs went +2.3% up in 3Q21, as cost
base is evolving with a higher revenue from core businesses.
Nevertheless, growth in costs remained substantially below
inflation due to the continuous digitalization efforts.
Recurring EBITDA totaled R$4,414
million (+2.1% y-o-y) in 3Q21, with a recurring EBITDA
margin of 40.0%.
Net income equaled R$1,315
million, (+8.5% y-o-y) with improved operating
performance. Interest on Capital declared until September-21
reached R$1.9 billion, representing a
dividend yield of 7.4% in the last 12 months. The company
also accelerated its Share Buyback Program with 5.6 million
shares repurchased during 3Q21.
Free Cash Flow after Leasing payments totaled
R$2,634 million in 3Q21, due to the
Company's efficient financial management.
Vivo and Ânima (B3: ANIM3) are negotiating a 50/50
joint venture to create a business platform focused on lifelong
learning and employability.
TELEFÔNICA BRASIL – Investor
Relations
Christian
Gebara
David Melcon
João Pedro Carneiro
Gabriel Menezes
+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
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SOURCE Telefônica Brasil S.A.