1Q21 Results: Telefônica Brasil S.A.
SAO PAULO, May 11, 2021 /PRNewswire/ -- Telefônica Brasil - (B3: VIVT3 [Common Shares]; NYSE: VIV), announces its results for 1Q21.
Net revenue shows an inflection point and resumes growth in the quarter, driven by record revenues in fiber
R$ million
| 1Q21
| % y-o-y
|
|
|
| Net Operating Revenues
| 10,849
| 0.2
| Core Revenue
| 9,563
| 4.7
| Mobile Revenue
| 7,147
| 1.1
| Fixed Core Revenue
| 2,416
| 17.2
| Non-Core Revenue
| 1,286
| (24.1)
| Total Costs
| (6,394)
| 1.2
| Recurring Total Costs
| (6,394)
| 0.0
| Recurring EBITDA
| 4,455
| 0.5
| Recurring EBITDA Margin
| 41.1%
| 0.1 p.p.
| Reported EBITDA
| 4,455
| (1.1)
| Reported EBITDA Margin %
| 41.1%
| (0.6) p.p.
| Net Income
| 942
| (18.3)
|
|
|
| Capex | Ex- IFRS 16
| 1,943
| 18.0
| Free Cash Flow after Lease Payments
| 2,199
| 3.7
|
|
|
| Total Subscribers (thousand)
| 95,809
| 2.9
| Core Subscribers
| 85,816
| 6.6
| Non-Core Subscribers
| 9,993
| (20.4)
|
Mobile market share reached 33.1% in March 2021, maintaining undisputed leadership in the mobile business. Postpaid accesses grew 5.2% y-o-y and accounted for 57.7% of total mobile accesses, with a market share of 37.0% in March 2021.
Fiber-to-the-home broadband customers totaled 3,746 thousand (+41.2% y-o-y), posting accelerated additions of high-quality customers in 1Q21. FTTH Revenues increased 61.2% versus 1Q20, reaching the record of R$1,010 million.
Net revenues resume growth (+0.2% y-o-y), underlining the successful transformation of revenue profile. Core businesses represented 88% of total revenues with increasing relevance. Core fixed revenues continue to grow significantly (+17.2% y-o-y) while mobile revenues are showing solid recovery (+1.1% y-o-y).
Total Costs remained flat in 1Q21, despite the accelerated inflation, as Company's efficient cost management compensated higher cost of goods and services sold.
Recurring EBITDA totaled R$4,455 million (+0.5% y-o-y) in 1Q21, with a recurring EBITDA margin of 41.1%.
Investments of R$1,943 million in 1Q21, focused on the expansion of the FTTH network and the capacity of the 4G and 4.5G networks.
Shareholder remuneration declared until April-21 reaches R$700 million, representing a dividend yield of 7.9%.
Free Cash Flow after Leasing payments reached R$2,199 million in 1Q21 (+3.7% y-o-y), reflecting efficient financial management.
Launch of Vivo Pay and Vida V, and partnerships with Dotz, CDF and Itaucard, strengthen Vivo's positioning as a digital services hub.
TELEFÔNICA BRASIL – Investor Relations Christian Gebara David Melcon Luis Plaster João Pedro Carneiro +55 11 3430-3687 / [email protected]
To download the complete version of the Company's earnings release, please visit our website: http://www.telefonica.com.br/ir
View original content:http://www.prnewswire.com/news-releases/1q21-results-telefonica-brasil-sa-301289251.html
SOURCE Telefônica Brasil
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