COMP <GO>

VIV vs TU // 10Y YIELD & FRED MACRO BETA

Telefonica Brasil S.A. American (NYSE) VS. Telus Corporation (NYSE) • 15-METRIC TALLY: VIV 1 — TU 3

▲ 10Y YIELD & FRED MACRO BETA LEADER: TU

LAST: $11.28 (-1.40%) • MKT CAP: $18.28B

macro-sensitivity

0.91

LAST: $8.87 (+2.31%) • MKT CAP: $13.78B

macro-sensitivity

0.97

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (VIV VS. TU) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	VIV	TU	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.90%	9.90%	0.00	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	21.0x	21.0x	0.00	TIE	/valuation <GO>
Free Cash Flow Yield	2.21%	2.21%	0.00	TIE	/fcf-yield <GO>
Operating Margin	13.90%	13.90%	0.00	TIE	/operating-margins <GO>
Net Profit Margin	10.90%	10.90%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	6.60%	8.80%	-2.20	TU	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.74	3.74	0.00	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	8/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	40.3	52.9	-12.60	TU	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	0.91	0.97	-0.06	TU	/macro-sensitivity <GO>
Forward P/E Multiple	30.5x	30.5x	0.00	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$18.28B	$13.78B	$4.50B	VIV	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	VIV REV	TU REV	VIV GROSS %	TU GROSS %	VIV FCF	TU FCF
INSPECT INDIVIDUAL XBRL MODELS AT VIV FA <GO> AND TU FA <GO>.

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

VIV // BETA 0.91

TU // BETA 0.97