Page 192 - 2012 Annual Report

192 VIVENDI l 2012 l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS 4
4
I - 2012 FINANCIAL REPORT
SECTION 4 BUSINESS SEGMENT PERFORMANCE ANALYSIS
4.2.5. GVT
(in millions of euros, except for margins)
Year ended December 31,
2012 2011 % Change
% Change at
constant rate
Telecoms 1,633 1,444 +13.1% +22.1%
Pay-TV (a) 83 2 na* na*
Total Revenues 1,716 1,446 +18.7% +28.2%
Telecoms 749 616 +21.6% +31.6%
Pay-TV (a) (9) (15) na* na*
Total EBITDA 740 601 +23.1% +33.4%
EBITDA margin rate (%) 43.1% 41.6% +1.5 pt
EBITA 488 396 +23.2% +33.7%
EBITA margin rate (%) 28.4% 27.4% +1 pt
Total Capital expenditures, net (capex net) 947 705 +34.3%
Cash flow from operations (CFFO) (326) (147) x 2.2
Year ended December 31,
2012 2011 % Change
Net Revenues (IFRS, in millions of BRL)
Voice 2,577 2,081 +23.8%
Pay-TV (a) 211 4 na*
Corporate and carrier data 263 235 +11.9%
Broadband Internet 1,188 972 +22.2%
VoIP 61 62 -1.6%
Total 4,300 3,354 +28.2%
Number of covered cities 139 119 +20
Net Revenues by region
Region II 59% 63% -4 pts
Regions I & III 41% 37% +4 pts
Total homes passed (in thousands of lines) 9,095 7,207 +26.2%
Number of lines in service (in thousands)
Retail and SME 5,515 4,372 +26.1%
Voice 3,358 2,709 +24.0%
Broadband Internet 2,157 1,663 +29.7%
Proportion of offers ≥ 10 Mbps 80% 75% +5 pts
Corporate 3,154 1,954 +61.4%
Total Telecoms 8,669 6,326 +37.0%
Pay-TV (a) 406 32 na*
Total 9,075 6,358 +42.7%
Net New Additions (in thousands of lines)
Retail and SME 1,143 1,337 -14.5%
Voice 649 769 -15.6%
Broadband Internet 494 568 -13.0%
Corporate 1,200 757 +58.5%
Total Telecoms 2,343 2,094 +11.9%
Pay-TV (a) 374 32 na*
Total 2,717 2,126 +27.8%
ARPU by line - Retail and SME (BRL/month)
Voice 64.8 66.9 -3.1%
Broadband Internet 50.9 58.0 -12.2%
na*: not applicable.
(a) GVT launched its pay-TV offer in October 2011.