On Monday, April 12th, 2010, the Telecom Italia Group's Board of Directors met to approve the 2009 Results and the Strategic Plan update.
Telecom Italia Group preliminary results confirmed:
- Revenues: €27,163 million, -6.3% compared with the end of 2008; -5.6% organic variation
- Ebitda: €11,115 million, +0.2% compared with the end of 2008
- Organic ebitda: €11,327 million, -0.5% compared with 2008
- Organic ebitda margin: 41.7%, +2.2 pp compared with 2008
- Income before taxation: €3,339 million, an increase of 15.4% compared with 2008
- Net income: €1,581 million, a reduction of €596 million compared with 31 December 2008, mainly due to the effect of the write-down from HanseNet goodwill, higher taxes for the year and the termination of some fiscal benefits
- Adjusted net debt: €33,949 million, a decrease of €577 million (€34,526 million at the end of 2008); a decrease of €1,144 million in q4 (€35,093 million at 30 September 2009)
- Net financial debt was €34,747 million (€34,039 million at the end of 2008)
- Proposed distribution of dividends of 5 euro cent per ordinary share and 6.1 euro cent per savings share, equal to a pay out ratio of 74%.
TI Full Year 2009 - Full Package (file .pdf, 480 KB)
On Tuesday, April 13th, 2010, Telecom Italia presents to the Financial Community its 2009 Results and the Strategic Plan Update at 9.20 am (ITA time – 8.20 am UK time) in Milan.
Strategic guidelines for the 2010-2012 three-year period:
- Stronger cash flow generation: operating free cash flow of €21 billion over the Three year period; cash flow from operations to represent 26% of revenues in 2012
- Debt reduction of €5 billion confirmed for the 2008-2011 period; 2012 debt target less than €28 billion
- 2009-2012 efficiency plan extended and increased on cash costs of €2.7 billion (vs 2 Billion in the previous 2009-2011 plan) of which €900 million already created in 2009; and around €1 billion expected in 2010
- Investments expected for approximately €12 billion in the three years, of which approximately €9 billion in for the competitive development of fibre, the strong boost in innovation and the improvement of radio network performance.
AGENDA AND DOCUMENTS
- 9.20-9.30
Opening Remarks
G. Galateri, TI Chairman
- 9.30-9.45
TI FY 2009 Results
F. Bernabè, TI Chief Executive Officer - Slides 2009 Results & Strategic Plan Update (file .pdf, 432 KB)
- 9.45-10.45
TI Strategic Outlook
F. Bernabè, TI Chief Executive Officer - Slides 2009 Results & Strategic Plan Update (file .pdf, 432 KB)
M. Patuano, TI Domestic Market Operations -Slides Strategic Plan Update (file .pdf, 346 KB)
- 11.00-12.30
O. Cicchetti, TI Chief Technology Officer - Slides Strategic Plan Update (file .pdf, 525 KB)
L. Luciani, TIM Brasil Chief Executive Officer - Slides Strategic Plan Update (file .pdf, 326 KB)
A. Mangoni, TI Chief Financial Officer - Slides Strategic Plan Update (file .pdf, 266 KB)
Guidances
F. Bernabè, TI Chief Executive Officer - Slides Strategic Plan Targets (file .pdf, 138 KB)
- 12.30-13.30
Q&A
> For further information and details on the conference call numbers, download the invitation. (file .pdf, 71 KB)
> Financial and operating figures FY09 - Please note that you need to activate the Excel macros in order to access all data within the file (file . xls, 694 KB)
> Press release (file .pdf, 377 KB)
> Transcript (file .pdf, 253 KB)