Telecom Italia S p A : Earnings Document

CONTENTS
5
REPORT ON OPERATIONS ....................................................
TIM Group ..........................................................................................................	6
Key Operating and Financial Data - TIM Group ...................................................................................	7
Financial and Operating Highlights of the Business Units of the TIM Group ...................................	23
Main Commercial Developments ..........................................................................................................	31
Main changes in the regulatory framework .........................................................................................	36
Competition ..............................................................................................................................................	53
Consolidated Financial Position and Cash Flows Performance .........................................................	56
Consolidated Data - Tables of detail ....................................................................................................	63
After Lease indicators .............................................................................................................................	70
Sustainability aspects .....................................................................................................................................	71
Research and Development ...................................................................................................................	74
Consolidated Non-Financial Statement ...............................................................................................	83
Events subsequent to December 31, 2022 ...........................................................................................	84
Business Outlook for the year 2023 .......................................................................................................	84
Main risks and uncertainties ...................................................................................................................	85
Information for Investors ........................................................................................................................	94
Related-party transactions .....................................................................................................................	95
Alternative Performance Measures .......................................................................................................	96
TIM S.p.A. ...........................................................................................................	98
Review of Key Operating and Financial Data - TIM S.p.A. ..................................................................	99
Tables of detail - TIM S.p.A. ....................................................................................................................	116
After Lease Indicators - TIM S.p.A. .........................................................................................................	122
Reconciliation of Consolidated Equity ...................................................................................................	123
Corporate Boards .....................................................................................................................................	124
Macro-Organization Chart ......................................................................................................................	126
TIM GROUP CONSOLIDATED FINANCIAL STATEMENTS	127
Contents ....................................................................................................................................................	128
Consolidated Statements of Financial Position ...................................................................................	129
Separate Consolidated Income Statement ..........................................................................................	131
Consolidated Statements of Comprehensive Income ........................................................................	132
Consolidated Statements of Changes in Equity ..................................................................................	133
Consolidated Statements of Cash Flows ..............................................................................................	134
Notes to the consolidated financial statements .................................................................................	136
Certification of the Consolidated Financial Statements pursuant to Article 81-ter of Consob
258
Regulation 11971 dated May 14, 1999, as amended ...........................................................................
259
Independent Auditors' Report ................................................................................................................
TIM S.p.A. SEPARATE FINANCIAL STATEMENTS .............	269
Contents ....................................................................................................................................................	270
Statements of Financial Position ...........................................................................................................	271
Separate Income Statements ................................................................................................................	273
Statements of Comprehensive Income ................................................................................................	274
Statements of Changes in Equity ..........................................................................................................	275
Statements of Cash Flows ......................................................................................................................	276
Notes to the Separate Financial Statements of TIM S.p.A. ................................................................	278
Certification of the Financial Statements for the year pursuant to Article 81-ter of Consob
401
Regulation 11971 dated May 14, 1999, as amended ...........................................................................
Independent Auditors' Report ......................................................................................................................	402
411
OTHER INFORMATION .........................................................
Motions for resolutions ............................................................................................................................	412
Glossary .....................................................................................................................................................	419
Useful information ...................................................................................................................................	443
This document has been translated into English for the convenience of the readers.
In the event of discrepancy, the Italian language version prevails

BOARD OF DIRECTORS

To date, the following make up the TIM S.p.A. Board of Directors:

Chairman

Chief Executive Officer and General Manager Directors

Secretary to the Board

Salvatore Rossi Pietro Labriola

Paolo Boccardelli (independent) Paola Bonomo (independent) Paola Camagni (independent) Maurizio Carli (independent) Cristiana Falcone (independent) Federico Ferro Luzzi (independent) Giulio Gallazzi (independent) Giovanni Gorno Tempini Marella Moretti (independent) Ilaria Romagnoli (independent)

Paola Sapienza (Lead Independent Director) Massimo Sarmi

Agostino Nuzzolo

BOARD OF STATUTORY AUDITORS

Chairman Standing AuditorsAlternate Auditors

Francesco Fallacara Angelo Rocco Bonissoni Francesca di Donato Anna Doro Massimo Gambini Ilaria Antonella Belluco Laura Fiordelisi Franco Maurizio Lagro Paolo Prandi

Independent Auditors

EY S.p.A.

Annual Financial Report at December 31, 2022

The Board of Directors and the Board of Statutory Auditors of TIM S.p.A.

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