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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.
somos uma empresa do grupo telefónica, um dos maiores conglomerados de comunicação do mundo, com presença em 20 países e mais de 120 mil colaboradores. no brasil, nossos produtos e serviços são comercializados com a marca vivo, assim como movistar na espanha e países de língua espanhola e o2 reino unido e alemanha. líder em âmbito mundial na oferta de soluções de comunicação, informação e entretenimento, nosso portfólio é amplo e completo, passando por serviços como banda larga fixa e móvel, voz, ultra banda larga, dados e ti. temos trabalhado para nos consolidar como uma telco digital. atualmente desenvolvemos produtos e serviços para que possamos apresentar novas soluções em áreas como e-health, vídeo, m2m, publicidade móvel, pagamento pelo celular, entre outros. com esses produtos, acreditamos que ajudaremos nossos clientes a viver melhor. conecte-se à telefônica brasil e entenda como abrimos caminho para transformar possibilidades em realidade, criando valor para o colaborador, cli