Vodafone Group Plc - Welcome to Vodafone · Vodafone Essar (now Vodafone India) ... 1LFN /DQG 'DYLG...
Transcript of Vodafone Group Plc - Welcome to Vodafone · Vodafone Essar (now Vodafone India) ... 1LFN /DQG 'DYLG...
History
1984 1991 1999 2000 2006 2007 2009 2010 2011 2012 2013 2014
Incorporated as Racal Strategic Radio Limited
Demerger from Racal and full listing on the LSE
Merger with AirTouchCommunications, formation of Verizon Wireless (Vodafone held a 45% stake)
Acquisition of Mannesmann AG, acquiring further businesses in Europe
Acquisition of Telsim(now Vodafone Turkey)
Disposal of Vodafone Japan
Acquisition of controlling stake in Vodafone Essar (now Vodafone India)
Vodacom Group became a subsidiary
Vodafone Australia merged withHutchinson 3G Australia
Disposal of interest in China Mobile
Sale of interest in SFR in France
Acquisition ofCable and Wireless Worldwide in UK
Acquisition of TelstraClear in New Zealand
Acquisition of Kabel Deutschland in Germany
Sale of 45% interest in Verizon Wireless in USA
Acquisition of Ono in Spain
Ownership of Vodafone India & Italy increased to 100%
Acquisition of Hellas Online in Greece
Acquisition of Cobra Automotive in Italy
Vodafone Group Plc is one of the world's largest telecommunications companies providing a wide range of services including voice, messaging, data, fixed broadband and TV. We have 470 million mobile customers, 14 million fixed broadband customers, 9.8 million TV customers and employ around 108,000 people. We have mobile operations in 26 countries, partner with mobile network providers in over 50 more and have fixed operations in 17 countries. The Group’s operations are split into two geographic regions – Europe and Africa, Middle East and Asia Pacific (AMAP).
Gerard KleisterleeChairmanAppointed July 2011 He retired as President/CEO and Chairman of Philips on 31 March 2011 after spending three decades with the company. He is also a Board member of Daimler AG, Royal Dutch Shell and Dell Inc.
Vittorio ColaoChief Executive Officer Appointed July 2008 He joined Vodafone in 1996 and served as CEO Italy and then regional CEO before joining the Board in 2002. He left Vodafone in 2004 for RCS MediaGroup before re-joining the Board in October 2006 as CEO, Europe and Deputy CEO.
Nick ReadChief Financial OfficerAppointed April 2014He joined Vodafone in 2001 and has held a variety of roles including CFO, CCO and CEO of Vodafone UK. Before becoming Group CFO, he was the regional CEO for our AMAP region and a Board member of our listed companies Vodacom Group, Safaricomand Vodafone Qatar.
Non-executive board members:
© Vodafone Group 2016
Long term credit ratings:Moody’s Baa1 Fitch BBB+ Standard & Poor’s BBB+
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Net debt of €40.7bn at 30 September 2016The Group has a range of debt instruments including bonds, commercial paper and bank loans. The currency profile of the Group’s debt is broadly in line with the value of the Group’s underlying assets.
Long term credit ratings:
Revenue (€bn)
Other revenue (€bn)
EDITDA (€bn)
Adjusted operating profit (€bn)
Service revenue (€bn)*
Capital expenditure (€bn)
Free cash flow (€bn)
53.9
4.8
15.2
4.5
49.1
11.9
1.5
FY 14/15
55.9
5.2
15.8
4.3
50.7
11.7
1.3
Dividend per share (€ cents) N/A** 14.48
FY 15/16
*Revenue principally derived from the provision of voice, SMS and data services** Euro equivalent not available
Executive committee:
Group service revenue FY 15/16
Consumer contract
Consumer prepaid
Other
27%
28%
6%
39%
Enterprise
Group service revenue
Mobileout-of-bundle
Mobile incoming
Fixed
Other
25%
6%
21%
5%
43%
Mobile in-bundleFY 15/16
Group EBITDA FY 15/16
22% 22%
13%
13%11%
11%
8%
Germany
Vodacom
ItalyUK
India
Spain
Other
Group service revenue FY 15/16
19%16%
9%
12%
10% 9%
25%
Spain
Other
GermanyUK
Italy
Vodacom
India
Key financials
Share details
Our people
VodafoneGroup PlcInvestorFactsheet
24%in top management roles
women
108kemployees...
130countries
... from over
Note: Past performance cannot be relied on as a guide to future performance.
Vodafone share price vs. DJ Global Telcos (pence) 30 September 2011 to 30 September 2016
Listing
Ticker
Types
Market Cap
Diluted shares*
London, NASDAQ
VOD:LN, VOD:AR
Ordinary, ADR
Approx. £59bn as of 30 Sep 2016
26,819 million
treasury shares and dilution from the Mandatory Convertible Bonds issued in February 2016. Includes shares from employee options and share awards representing 205 million shares at 30 September 2016.
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Vodafone
DJ Global Telcos, rebased to Vodafone
Sep 2011 Sep 2012 Sep 2013 Sep 2016Sep 2014 Sep 2015
Our markets
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As a result our strategy will focus on…
Data FixedDemand for data is rapidly accelerating in our Europeanmarkets & our fast growing emerging markets. We are focused on providing the bestdata experience, outstandingcustomer service and a rangeof worry-free price plans and additional services.
More and more businesses and
communications – converged
and we are adapting to meet these demands.
EnterpriseWe want to become the leading communications provider for businesses across the world, large or small. We provide a range of services including
that are easy to use, worry-free and cost-effective.
Each of which is accelerated by our three key programmes …
We expect these trends to shape our industry…
Growing importanceof data and other newrevenue areas
Increasing demand forunified communications
Strong demand fromemerging markets
High levelof competition
Improving business environment in Europe
Supported by…
An excellent network experiencemodel and operations
mobile, fixed, IoT, Cloud & Hosting
Project Spring
Invested £19bn in mobileand fixed networks, products,services and our retail platform.Completed in March 2016.
Customer eXperienceeXcellence
Building differentiation by improving our customer service and experience to be best in class.
Fit for Growth
Supporting our revenue growth and improving our efficiency and agility, delivering improved returns.
Registered and Head OfficeVodafone HouseThe ConnectionNewburyBerkshireRG14 2FNEnglandRegistered in England No. 1833679
Contact detailsInvestor Relations:Tel: +44 (0) 7919 990 230 Email: [email protected]
General enquiries:UK switchboard +44 (0)1635 33251
DisclaimerInformation in the factsheet relating to the price at which shares have been bought or sold in the past, or dividends paid, cannot be relied upon as a guide to future performance. This factsheet does not constitute an offering of securities orotherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire or dispose of securities in any company within the Group.
This document contains forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995 which are subject to risks and uncertainties because they relate to future events. These forward-looking statements include, among others, the guidance we have provided in relation to EBITDA and free cash flow and expectations related to Project Spring. Some of the factors which may cause actual results to differ from these forward-looking statements can be found by referring to the information contained under the headings “Risk management” and “Additional Information – Forward-looking statements” in the Group’s Annual Report for the year ended 31 March 2016 which can be found on the Group’s website (vodafone.com/investor).
We do not have any obligation to update these forward-looking statements and, subject to compliance with applicable law, do not intend to do so. The factsheet also contains non-GAAP financial information which the Group’smanagement believes is valuable in understanding the performance of the Group or the Group’s businesses. However, non-GAAP information is not uniformly defined by all companies and therefore it may not be comparablewith similarly titled measures disclosed by other companies, including those in the Group’s industry. Although these measures are important in the assessment and management of the business, they should not be viewed inisolation or as replacements for, but rather as complementary to, the comparable GAAP measures.
Vodafone, the Vodafone Speechmark, the Vodafone Portrait and Vodacom are trademarks of the Vodafone Group. The Vodafone Rhombus is a registered design of the Vodafone Group. Other product and company names mentioned herein may be the trademarks of their respective owners.
Corporate brokers
Q3 results2 February 2017
Year end results16 May 2017
Interim dividend payment date3 February 2017
Q1 results21 July 2017
Auditors
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20 subsidiaries: Albania, Czech Republic, Germany, Greece, Hungary, Ireland, Italy, Malta, Netherlands, Portugal, Romania, Spain, Turkey, UK, Egypt, Ghana, India, New Zealand, Qatar, and Vodacom Group
2 joint ventures: Australia and Indus Towers1 associate: SafaricomOver 50 partner markets extending our reach beyondequity investments
UK (100% ownership) €8.4bn revenue, €1.8bn EBITDA
Customers: 18.0m mobile (68% contract),0.2m fixed broadband
Market share: 23%
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Germany (100% ownership)
€10.6bn revenue, €3.5bn EBITDA
Customers: 30.5m mobile (54% contract),6.0m fixed broadband, 7.8m TV
Market share: 33%
Italy (100% ownership)€6.0bn revenue, €2.0bn EBITDA
Customers: 23.5m mobile (19% contract),2.0m fixed broadband
Market share: 32%
India (100% ownership)€6.2bn revenue, €1.8bn EBITDA
Customers: 200.7m mobile (8% contract)
Market share: 22%
Vodacom Group (65% ownership)
€5.3bn revenue, €2.0bn EBITDA
Customers: 73.1m mobile (7% contract)
Market share: 52% (South Africa)
Subsidiaries (largest highlighted)Joint ventures / AssociatesPartner Markets
Spain (100% ownership) €5.0bn revenue, €1.3bn EBITDA
Customers: 14.5m mobile (79% contract),3.1m fixed broadband, 1.2m TV
Market share: 20%
Investor calendar
Advisors
Assumptions
Guidance - For the year ended 31 March 2017
Assumes FX rates of €1:£0.79, €1:INR 76.4, €1:ZAR 16.5, €1:TRY 3.2, €1:EGP 9.8. Guidance excludes the impact of licence and spectrum payments, material one-off tax-related payments, restructuring costs, and any fundamental structural change to the Eurozone. It also assumes no material change to the current structure of the Group, and has not been adjusted for the potential de-consolidation of Vodafone Netherlands following the announced intention to create a 50:50 Joint Venture with Ziggo.
EBITDA: 3 - 6%€15.7bn - €16.1bn
Free cash flow: at least €4.0bn afterall capex, before M&A, spectrum and restructuring costs
ReferencesVodafone data correct as of 31 March 2016 unless otherwise stated.See www.vodafone.com/content/index/investors/glossary for a glossary of key terms.
Vodafone estimates for the quarter ending 30 June 2016 based on mobile service revenue.Vodafone estimates for the quarter ending 30 June 2016 based on total communications service revenue.
2Data correct as of 30 September 2016.1
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Over half of Group revenue, EBITDA and free cash flow is nowgenerated in euros. To align our reporting for the year ending31 March 2017 we have moved to reporting on a euro basis
Move to Euro reporting
Dividend: intention to grow dividend per share annually in euros from a base of 14.48 euro cents in FY 15/16