TIM is the single brand name for the whole Telecom Italia Group, which operates in the market through a strategy of shared value for the company and the community, offering fixed and mobile telephony, Internet, digital content and cloud services. As the enabler of the most innovative information and communication technologies, TIM is supporting Italy on its journey towards achieving the goal of full digitisation, by creating ultrabroadband network infrastructure and disseminating latest generation services. At September 30, 2016, TIM has almost 11.4 mln retail physical accesses in Italy and a broadband portfolio equal to over 9 mln accesses (7.1 mln retail and 1.9 mln wholesale). In the Italian mobile market, TIM has over 29.5 million lines. In Brazil, TIM Brasil is one of the largest telecommunications companies in the country, with 63.2 mln lines. CORPORATE GOVERNANCE (CG) Executive Non executive Independent C.C.I.(1) C.R.(2) C.N.(3) G i u s e p p e R e c c h i Chairman F l a v i o C a t t a n e o Chief Executive Officer T a r a k B e n A m m a r Board member D a v i d e B e n e l l o Board member L u c i a C a l v o s a Board member L a u r a C i o l i Board member F r a n c e s c a C o r n e l l i Board member A r n a u d R o y D e P u y f o n t a i n e Vice-Chairman J e a n P a u l F i t o u s s i Board member G i o r g i n a G a l l o Board member F é l i c i t é H e r z o g Board member D e n i s e P a t r i c i a B y r n e K i n g s m i l l Board member L u c a M a r z o t t o Board member H e r v é P h i l i p p e Board member S t é p h a n e R o u s s e l Board member G i o r g i o V a l e r i o Lead Indipendent Director TOP MANAGEMENT G i u s e p p e R e c c h i Executive Chairman F l a v i o C a t t a n e o CEO P i e r g i o r g i o P e l u s o CFO (1): Internal Control Committee (2): Compensation Committee (3): Nomination Committee (CG) Corporate Governance: Traditional Model SHAREHOLDERS VIVENDI S.A. : 24.68% OTHERS <2%: 75.32% Update: 14/11/2016 C o m p a n y P r o f i l e COMPANY T E L E C O M I T A L I A via G. Negri 1 20123 Milano Tel.: + 39 02 85951 Fax: +39 02 81004 http://www.telecomitalia.co m Auditing company PricewaterhouseCoopers S.p.A. Investor relations A l e x B o l i s E-mail:[email protected] Tel.:+39 02 8595 1 - Fax:+39 02 8595 4132 Long term rating M o o d y ' s : B a 1 F i t c h : B B B - S & P : B B + ISIN I T 0 0 0 3 4 9 7 1 6 8 BLOOMBERG T I T I M REUTERS T L I T . M I Industry T E L E C O M M U N I C A T I O N S Super sector T E L E C O M M U N I C A T I O N S Market Segment M T A KEY FIGURES €m 9 Months Var % Annual Results 30/09/16 30/09/15 '16 vs '15 31/12/15 31/12/14 Total Sales 1 3 , 9 3 9 . 0 0 1 4 , 8 7 8 . 0 0 - 6 . 3 1 % 1 9 , 7 1 8 . 0 0 2 1 , 5 7 3 . 0 0 Ebitda 5 , 8 7 8 . 0 0 5 , 6 2 2 . 0 0 4 . 5 5 % 7 , 0 0 4 . 0 0 8 , 7 8 6 . 0 0 Ebitda margin 4 2 . 1 7 % 3 7 . 7 9 % 3 5 . 5 2 % 4 0 . 7 3 % Ebit 2 , 7 6 8 . 0 0 2 , 8 0 6 . 0 0 - 1 . 3 5 % 2 , 9 6 1 . 0 0 4 , 5 3 0 . 0 0 Ebit Margin 1 9 . 8 6 % 1 8 . 8 6 % 1 5 . 0 2 % 2 1 . 0 0 % Ebt 2 , 2 6 2 . 0 0 8 5 1 . 0 0 1 6 5 . 8 0 % 4 4 7 . 0 0 2 , 3 4 7 . 0 0 Ebt margin 1 6 . 2 3 % 5 . 7 2 % 2 . 2 7 % 1 0 . 8 8 % Net Result 1 , 6 1 0 . 0 0 9 4 0 . 0 0 7 1 . 2 8 % 6 5 7 . 0 0 1 , 9 6 0 . 0 0 E-Margin 1 1 . 5 5 % 6 . 3 2 % 3 . 3 3 % 9 . 0 8 % 9 Months Var % Annual Results 30/09/16 30/09/15 '16 vs '15 31/12/15 31/12/14 Net Financial Debt / (Cash) 2 6 , 7 3 5 . 0 0 2 6 , 8 0 4 . 0 0 - 0 . 2 6 % 2 7 , 2 7 8 . 0 0 2 6 , 6 5 1 . 0 0 Net Equity 2 1 , 6 3 7 . 0 0 2 2 , 0 3 5 . 0 0 - 1 . 8 1 % 2 1 , 3 3 3 . 0 0 2 1 , 6 9 9 . 0 0 Capital Employed 4 8 , 3 7 2 . 0 0 4 8 , 8 3 9 . 0 0 - 0 . 9 6 % 4 8 , 6 1 1 . 0 0 4 8 , 3 5 0 . 0 0 Source: company data. The year-end closing is at December, 31. Values are expressed in Million Euro.The NFD is adjusted. 2015 Data revised. SHARE ANALYSIS Quantity Capitalis. (€ m) Number of shares outstanding 1 9 , 5 2 8 , 0 6 3 , 5 7 0 1 3 , 1 8 5 . 5 6 Ordinary 1 3 , 5 0 0 , 2 7 1 , 8 7 1 9 , 6 2 4 . 3 4 Shares Not Conv 6 , 0 2 7 , 7 9 1 , 6 9 9 3 , 5 6 1 . 2 2 Nominal value (€) - - . - - Last Divid. (€) Detach Date Ordinary 0 . 0 2 0 2 2 / 0 4 / 2 0 1 3 Shares Not Conv 0 . 0 2 8 2 0 / 0 6 / 2 0 1 6 Last price Ord NotConv 11/11/2016 0 . 7 1 0 . 5 9 Price range (-2y) Ord NotConv MAX 1 . 2 9 1 . 1 0 MIN 0 . 6 4 0 . 5 1 Performance Ord NotConv -2Y - 1 8 . 8 9 % - 1 5 . 1 0 % -1Y - 3 9 . 5 4 % - 4 2 . 9 3 % -3M - 8 . 6 3 % - 6 . 8 3 % -1M - 2 . 4 0 % - 1 . 6 5 % INDEX FTSEMIB -2Y - 1 2 . 6 9 % -1Y - 2 4 . 9 0 % -3M - 0 . 9 3 % -1M 2 . 0 5 % Relative perf. - 6 . 2 0 % - 1 4 . 6 5 % - 7 . 7 0 % - 4 . 4 5 % TURNOVER AND VOLATILITY - STATISTICS FROM 04/01/2016 TO11/11/2016 Turn over Total(€) 1 9 , 4 1 6 , 7 6 4 , 5 4 2 Daily average(€) 8 7 , 4 6 2 , 9 0 3 Number of shares traded Total 2 3 , 1 6 0 , 8 0 8 , 8 6 5 Daily average 1 0 4 , 3 2 7 , 9 6 8 Number of trades Total 1 , 9 6 3 , 2 6 8 Daily average 8 , 8 4 4 A Volatility 4 0 . 3 4 % A Turnover velocity 1 9 7 . 8 3 % Source: Borsa Italiana. Data refer to the ordinary shares. O T H E R L I S T E D I N T R U M E N T S O N B I T M A R K E T IDEM STOCK FUTURES SECURITISED DERIVATIVES WARRANTS STOCK OPTIONS LISTED BONDS BOARD MEMBERS