TIM S.A. (NYSE:TIMB) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET
Company Participants
Vicente Ferreira - Head of Investor Relations
Alberto Griselli - Chief Executive Officer
Andrea Viegas - Chief Financial Officer
Conference Call Participants
Marcelo Santos - JPMorgan
Vitor Tomita - Goldman Sachs
Gustavo Farias - UBS
Phani Kanumuri - HSBC
Gabriel Vaz de Lima - Morgan Stanley
Daniel Federle - Bradesco BBI
Lucca Brendim - Bank of America
Carlos Sequeira - BTG Pactual
Gabriel Gusan - Citi
Operator
Good morning ladies and gentlemen and welcome to TIM S.A. 2024 Third Quarter Results Video Conference Call. We would like to inform you that this event is being recorded and all participants will be in listen-only mode during the company’s presentation. There will be a replay for this call on the company's website. After TIM S.A. remarks are completed, there will be a question-and-answer section for participants. [Operator Instructions]
Vicente Ferreira
Hello, everyone and welcome to TIM S.A.'s earnings conference for the third quarter of 2024. Thank you for joining us. I'm Vincente Ferreira, Head of Investor Relations. This video shares the key highlights of our recent performance and the strategic initiatives we are implementing to continue our sustainable cash flow growth afterward, we will host a live Q&A session with our CEO, Alberto Griselli; and our CFO, Andrea Viegas.
Before we discuss our results, I remind you that management may make forward-looking statements and this presentation may contain them. Please refer to the disclaimer on the screen also available on our earnings materials and Investor Relations website.
With that, let's move to our results.
Alberto Griselli
Hello, everyone. I'm Alberto Griselli, CEO of TIM Brazil. Once again, we delivered solid financial and operational results in the quarter marked by cash flow generation. But before we discuss our results in detail, let me introduce a relevant part of our effort to improve our brand perception. In September this year, the Rock in Rio fast develop took place. This is the biggest music festival in Latin America, lasting 7 days and attended by more than 700,000 people. TIM is a master sponsor which reinforces a connection between the company and music that dates back to 2003.
Since then, we have kept this connection but now we are expanding this as a platform to reshape clients' perceptions of our brand. Mobile network operates in extreme conditions during this type of event. So we use the music festival to showcase our 5G network strength and reliability, while innovating in how we interact with our clients and prospects. This year's results were remarkable. TIM was the number 1 brand mentioned with enormous favorability and color cell brand exposure. We expect that investments like this will help us close the gap in brand perception and clear the way for future growth.