Telefônica Brasil S.A. (NYSE:VIV) Q3 2023 Earnings Conference Call November 1, 2023 9:00 AM ET

Company Participants

João Pedro Carneiro – Director-Investor Relations

Christian Gebara – Chief Executive Officer

David Melcon – Chief Financial Officer and Investor Relations Officer

Conference Call Participants

Fredi Mendes – Bank of America

Bernardo Guttman – XPI

Marcelo Santos – JPMorgan

Leonardo Olmos – UBS

Vitor Tomita – Goldman Sachs

Phani Kanumuri – HSBC

Carlos de Legarreta – Itaú BBA

Carlos Sequeira – BTG Pactual

Operator

Good morning, ladies and gentlemen. Welcome to Vivo Third Quarter 2023 Earnings Call. This conference is being recorded and the replay will be available at the company’s website at ri.telefonica.com.br. The presentation will also be available for download. This call is also available in Portuguese. To access, you can press the Globe icon located on the lower right side of your Zoom screen and then choose to enter the Portuguese room.

[Operator Instructions] [Foreign Language]

Before proceeding, we would like to clarify that any statements that may be made during this conference call regarding the company’s business prospects, operational and financial projections and goals are the beliefs and assumptions of Vivo’s executive board and the current information available to the company. These statements may involve risks and uncertainties as they relate to future events and therefore depends on circumstances that may or may not occur. Investors should be aware of events related to the macroeconomic scenario, the industry and other factors that could cause results to differ materially from those expressed in the respective forward-looking statements.

Present at this conference, we have Mr. Christian Gebara, CEO of the company; Mr. David Melcon, CFO and Investor Relations Officer; and Mr. João Pedro Carneiro, IR Director.

Now, I’ll turn the conference over to Mr. João Pedro Carneiro, Investor Relations Director of Vivo. Please Mr. Carneiro, you may begin the conference.

João Pedro Carneiro

Good morning, everyone. Welcome to Vivo’s third quarter 2023 earnings call. The presentation will be divided in two parts. First, our CEO, Christian Gebara, will walk us through Vivo’s financial and operating highlights, followed by an update on our new sources of revenue and ESG advances. Then our CFO, David Melcon, will comment on our financial performance and shareholder remuneration in more detail.

I now hand the call over to Christian.

Christian Gebara

Thank you, João. Good morning, everyone. Appreciate you joining us. I’ll start by presenting the highlights of another very strong quarterly result. We delivered a revenue growth of 7.5% year-over-year and an EBITDA increase of 11.7% year-over-year, both well above inflation. The customer base mix keeps improving. Postpaid access surpassed the mark of 60 million customers and homes connected with FTTH summed up six million access.