TIM: BOARD OF DIRECTORS APPROVES FINANCIAL REPORT AT JUNE...

• Revenues € 7.6 bn in the first half (+0.5% organic YoY, +1% in the second quarter)
• Domestic fixed line revenues grow in the first half (+1.5% YoY)
• Growth accelerates in Brazil: revenues +6.6% YoY in the first half, +10.5% in the second quarter
• Organic EBITDA: € 3.2 bn in the first half (-3.7% YoY)
  
• Cash generation in line with plan's targets
  
• Net Financial Debt After Lease: € 17.4 bn (-€ 3.7 bn YoY)
  
• Net profit € 0.1 bn in Q2, € 0.2 bn in the half year excluding the impact of non-recurring items (-€ 0.1 bn including the non-recurring items)
• In line with the 2021-2023 'Beyond Connectivity' plan targets the Group's factories (Noovle, Olivetti, Telsy), on a path that will result in more than doubling revenues from innovative services by 2023. The agreements with DAZN and Mediaset Infinity extend the plan in the Consumer segment, adding Serie A TIM and Champions League to the TimVision offer, the platform with the richest content on the Italian market
  
• Fibercop, in line with the plan, in June has reached a record increase in monthly FTTH coverage with 310 thousand new property units (+15% FTTH property units in the first half) and covered with ultrabroadband over 93% of Italian households

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Rome, 27 July 2021