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August/03 TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03 1 Conference Call 2Q03

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Page 1: August/03 TNE - Conference Call – 2Q03 0 Conference Call 2Q03

August/03

TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

1

Conference Call 2Q03

Page 2: August/03 TNE - Conference Call – 2Q03 0 Conference Call 2Q03

August/03

TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

2

• Second Quarter Results

• Debt Position

• Outlook

• Q&A Session

Agenda

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August/03

TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

3

Platform Growth

(Million Lines, End of Period)

14.916.5 16.7 17.1

15.6

Wireless

Wireline

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August/03

TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

4

Revenue Growth (Gross Revenues – R$m)

TNE

3,774

4,5704,453

1Q03 2Q03 2Q02

Wireless Service 292

219

1Q03 2Q03

Wireline Service

4,2564,214

1Q03 2Q03

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TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

5

Gross Revenue Growth - Fixed Line Services

-1%

5%

1%

6%

7%

-4% -1%

Local (ex-VC1) VC1 Long Distance

(ex-VC2/3)

VC2/3 Data

Network

Usage

Other

Average 1%

QoQ

11% 8% 49% 41% 30% -20% 16%

YoYAverage

+13%

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TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

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15%

31%20%

85%

69%80%

4Q02 1Q03 2Q03

Pre Paid

Post Paid

Wireless Operating & Financial Performance

Gross Revenue (R$ Million) Net Additions (in Thousands)

Net Additions 2Q03 *

54%Oi 46%

Market Share - June/03

* Source: market estimates

12.5%

87.5%

900 321 513

Oi

Other Operators

Other Operators

24%

63% 59%

76%

37% 41%

4Q02 1Q03 2Q03

Handsets

Services

314 391366

Page 7: August/03 TNE - Conference Call – 2Q03 0 Conference Call 2Q03

August/03

TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

7

Costs & Operating Expenses*R$m

*Ex depreciation & amortization

2Q02 1Q03

1Q03

2Q03

2Q03

Cost of services

Interconnection

Selling

G&A / Other

Cost of services

Interconnection

Selling

G&A/

Other

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TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

8

Bad Debt Provisions% Gross Revenue

2Q032Q02 3Q02 4Q02 1Q03

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TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

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EBITDA - ConsolidatedR$m

3,083 3,226 3,218 3,343

2,780

1,476 1,4791,311 1,285 1,260

44.3%

45.9%

39.1%41.7%

47.2%

2Q02 3Q02 4Q02 1Q03 2Q03

Net Revenue Ebitda Ebitda Margin

Page 10: August/03 TNE - Conference Call – 2Q03 0 Conference Call 2Q03

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TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

10

CapexR$m

386

509

185

295

697

Wireless

Wilreine

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TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

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443129

265232

164220

18

108126

1Q03 2Q03

586

651

Taxes on Financial Income -2

Financial ExpensesR$m

Monetary/Exchange Variations

+56

Interest on Loans/Debentures

-33

Banking Fees & Cont. Provision

+18

Other Financial Expenses +26

+65+65

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Debt Profile – Net Debt PositionR$m

Jun-03 Mar-03 Dec-02 Jun-02Total Debt 11,394 11,616 10,774 9,700

Short Term 2,264 2,053 1,769 1,220 Long Term 9,130 9,563 9,006 8,481

(-) Cash (1,789) (1,479) (1,513) (573) (-) Long Term Financial Investments (86) (132) (141) - (=) Net Debt 9,519 10,005 9,121 9,128

A 5% reduction in net debt

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Debt Profile – Maturity ScheduleR$ m

Total Debt:

11,394

1,100

2,340 2,420

3,112

1,032

508

882

2H2003 2004 2005 2006 2007 2008 2009onwards

% To be Amortized

2H2003 9.7%2004 20.5%2005 21.2%2006 27.3%2007 9.1%2008 4.5%2009 onwards 7.7%Total 100.0%

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Outlook

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TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

15

Q&A Session

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TNE - Conference Call – 2Q03 TNE - Conference Call – 2Q03

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“Safe Harbor” Statement

Investor Relations

Rua Humberto de Campos, 425 / 7º andar

Leblon

Rio de Janeiro -RJ

Phone: ( 55 21) 3131-1314/1313/1315

Fax: (55 21) 3131-1155

E-mail: [email protected]

Visit our website: http://www.telemar.com.br/ri

This presentation contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements and involve inherent risks and uncertainties. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events