Telefonica Brasil S.A. (VIV) Q2 2022 Earnings Call Transcript

For the period ending June 30, 2022

July 27, 2022 9:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning, ladies and gentlemen. At this time, we would like to welcome everyone to the Telefonica Brasil Second Quarter of 2022 Earnings Conference Call. Today with us representing the management of Telefonica Brasil, we have Mr. Christian Gebara, CEO of the company; Mr. David Melcon, CFO and Investor Relations Officer, and Mr. Gabriel Menezes, IR Senior Manager.

We also have a simultaneous webcast with slide presentation on the internet that can be accessed at the site www.telefonica.com.br/ir. There will be a replay facility for this call on the website. After the company's remarks are over, there will be a question-and-answer session. At that time, further instructions will be given. [Operator Instructions]. Before proceeding, let me mention that forward-looking statements are being made under the safe harbor of the Securities Litigation Reform Act of 1996.

Forward-looking statements are based on the company's management beliefs and assumptions, and on information currently available. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties, and assumptions, because they relate to future events and therefore depend on circumstances that may or may not occur in the future. Investors should understand that general economic conditions, industry conditions, and other operating factors could also affect the company's future results. It could cause results to differ materially from those expressed in such forward-looking statements.

Now, I'll turn the conference over to Mr. Gabriel Menezes, Investor Relations Senior Manager of Telefonica Brasil. Mr. Menezes, please proceed.

Gabriel Menezes

Thank you very much. Good morning, everyone. And welcome to Telefonica Brasil's conference call to present the Q2 2022 results. The call will be divided as follows. To start our CEO Christian Gebara will comment Vivo's financial and operating highlights followed by an update about our B2B and B2C digital ecosystems and ESG initiatives. Then David Melcon, our CFO will go through our costs and capital structure, net income, free cash flow, and shareholder remuneration.

Now I'll hand it over to Christian.

Christian Gebara

Thank you, Gabriel. Good morning and thank you for joining our earnings call. We begin on Slide 3. In the second quarter of 2022, we incorporated assets coming from acquisition of our share of Oi mobile. The results originated by disasters that there have been considering our numbers since April 1, 2022 coupled with an outstanding quarter in organic terms, let us direct or double-digit growth and key performance indicators by which we measure our business performance, access, revenues, and cash generation.