4Q15 Results: Telefônica Brasil S.A.

Feb 24, 2016, 20:31 ET from Telefonica Brasil S.A.

SAO PAULO, Feb. 24, 2016 /PRNewswire/ -- Telefônica Brasil - (Bovespa: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE: VIV), announces its consolidated results for the 4Q15 and 2015. In 2015, Vivo consolidated its leadership in the key segments with solid growth in revenue and EBITDA.

R$ million1

4Q15

% y-o-y

2015

% y-o-y

Net Operating Revenues

10,760.8

3.4

42,133.7

4.8

Net Mobile Revenues

6,408.9

3.3

25,136.2

6.2

Net Fixed Revenues

4,351.9

3.5

16,997.5

2.7

Operating costs

(7,328.6)

2.3

(29,419.5)

5.4

EBITDA

3,432.2

5.9

12,714.2

3.4

EBITDA Margin %

31.9%

0.8 p.p.

30.2%

(0.4) p.p.

Net income

1,114.5

(10.7)

3,331.2

(36.4)






Number of accesses (thousand)

96,827

(6.3)

96,827

(6.3)

Mobile accesses

73,268

(8.3)

73,268

(8.3)

Fixed accesses

23,559

0.8

23,559

0.8

1- Financial and operational figures include GVT since January 2014 for a better understanding of the business evolution.

Leadership in the postpaid segment (+9.6% y-o-y in 4Q15), while the share of postpaid net additions was 69% in the quarter. Mobile ARPU recorded y-o-y growth of 4.8% in 4Q15, fueled by the record 39.2% Data ARPU increase. Mobile ARPU grew 3.3% in 2015 versus 2014.

Broadband accesses reached 7.1 million in 4Q15, while FTTX connections reached 53.1% of the base, with annual growth of 14.0%.

TV accesses totaled 1.8 million in 4Q15, 9.7% up y-o-y, with strong growth in premium accesses (IPTV and interactive DTH).

Net operating revenue continued showing a positive performance, with y-o-y growth of 3.4% in 4Q15. In 2015 the growth was of 4.8%.

Net mobile revenue recorded 6.2% increase in 2015. In 4Q15, it recorded a positive performance of 3.3% y-o-y and 6.1% when excluding the effect of MTR reduction in 2015.

Data and VAS revenue grew by 36.3% y-o-y in 4Q15, fueled by the strong upturn in mobile internet revenue, up by 52.9% y-o-y in the quarter. Data revenue already represent 51% of mobile service revenue in 4Q15.

Net fixed revenue posted y-o-y growth of 3.5% in 4Q15 and 5.6% when excluding the VC reduction.

Operating costs increased 2.3% y-o-y in the quarter. In 2015, it grew 5.4%, well below the period's inflation.

EBITDA totaled R$3.4 billion in 4Q15, accompanied by an EBITDA Margin of 31.9% in the quarter. In 2015, EBITDA reached R$ 12.7 billion, a growth of 3.4% versus 2014, with EBITDA Margin of 30.2%.

Investments amounted to R$8.3 billion in 2015, accounting for 19.7% of net operating revenue.

Dividends and IOC paid in 2015 totaled R$4.0 billion.

The Company is now fully integrated with the combination of Vivo's and GVT's best practices and the execution of synergies is in line with expectation reaching the financial results goals for the year.

TELEFÔNICA BRASIL – Investor Relations

Amos Genish
Alberto Horcajo Aguirre
Luis Carlos Plaster
Maria Tereza Pelicano David
+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

SOURCE Telefonica Brasil S.A.



RELATED LINKS

http://www.telefonica.com.br/ir
http://www.telefonica.com.br/ir