6 Million Mobile Customers, 12 Million Fixed Broadband Customers, 9 Million TV Customers and Employ Around 106,000 People
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Vodafone Group Plc is one of the world's largest telecommunications companies providing a wide range of services including voice, messaging, data, fixed broadband Vodafone and TV. We have 446 million mobile customers, 12 million fixed broadband customers, 9 million TV customers and employ around 106,000 people. We have mobile operations in 26 countries and partner with mobile networks in over 50 more. Group Plc The Group’s operations are split into two geographic regions – Europe and Africa, Middle East and Asia Pacific (AMAP). Sold our 45% interest Factsheet in Verizon Wireless History for $130bn, returned $85bn to shareholders © Vodafone Group 2015 Demerger from Acquisition of Acquisition of Sale of interest Acquisition of Acquired Ono in Spain Racal and full Mannesmann AG controlling in China Mobile Cable & Wireless listing on the LSE stake in Vodafone Worldwide Essar (Vodafone India) 1984 1991 1999 2000 2006 2007 2009 2010 2011 2012 2013 2014 Incorporated as Merger with Disposal of Vodacom Group Sale of interest Acquisition of Kabel Racal Strategic AirTouch Vodafone Japan became a subsidiary in SFR Deutschland in Radio Limited Communications, Germany formation of Verizon Acquisition of Telsim Vodafone Australia Wireless (Vodafone Turkey) merged with Hutchinson 3G Australia Key people Gerard Kleisterlee Vittorio Colao Chairman Chief Executive Officer Appointed July 2011 Appointed July 2008 He retired as President/CEO and Chairman of Philips on 31 March He joined Vodafone in 1996 and served as CEO Italy and then regional 2011 after spending three decades with the company. He is also a CEO before joining the Board in 2002. He left Vodafone in 2004 for RCS Board member of Daimler AG, Royal Dutch Shell and Dell Inc. MediaGroup before re-joining the Board in October 2006 as CEO, Europe and Deputy CEO. Nick Read Non-executive board members: Sir Crispin Davis, Dr Mathias Dopfner, Dame Clara Furse, Valerie Gooding, Renee James, Samuel Jonah, Nick Land, Luc Vandevelde (Senior Independent Director), Philip Chief Financial Officer Yea Appointed April 2014 Executive committee*: Vittorio Colao (CEO), Nick Read (CFO), Johan Wibergh (CTO), Hannes Ametsreiter He joined Vodafone in 2001 and has held a variety of roles including (CEO, Germany), Jeroen Hoencamp (CEO, UK), Aldo Bisio (CEO, Italy), Antonio Coimbra (CEO, Spain), Rob CFO, CCO and CEO of Vodafone UK. Before becoming Group CFO, he Shuter (CEO Other Europe and Netherlands), Serpil Timuray (CEO, AMAP), Paolo Bertoluzzo (Chief was the regional CEO for our AMAP region and a Board member of Commercial Operations and Strategy Officer), Warren Finegold (Business Development Director), Matthew our listed companies Vodacom Group, Safaricom and Vodafone Kirk (External Affairs Director), Rosemary Martin (General Counsel and Company Secretary), Ronald Qatar. Schellekens (HR Director), Nick Jeffery (Group Enterprise Director) * (correct as of 1 October 2015) Key financials Around FY 14/15 FY 13/14 FY 12/13 from over 130 countries Revenue (£bn) 42.2 38.3 38.0 106,000 23% of our top senior Service revenue (£bn)* 38.5 35.2 35.0 employees management are women Other revenue (£bn) 3.7 3.1 3.0 Share details EDITDA (£bn) 11.9 11.1 11.5 Adjusted operating profit (£bn) 3.5 4.3 5.6 Vodafone share price vs. DJ Global Telcos 1 April 2012 to 31 March 2015 Capex (£bn) 9.2 6.3 5.3 260 Listing London, NASDAQ Free cash flow (£bn) 1.1 4.4 5.7 220 Ticker VOD:LN, VOD:AR Dividend per share (p)11.22 11.0 10.19 Types Ordinary, ADR *Revenue principally derived from the provision of voice, SMS and data services 180 Market Cap Approx. £58bn as of 31 March 2015 Group service revenue FY 14/15 Group service revenue FY 14/15 140 Shares in issue 26,512 million Excludes 2,301 million treasury shares. Total Mobile of 28,813m shares in issue as of 31 March 2015 out-of-bundle 100 27% Consumer prepaid Apr 12 Apr 13 Apr 14 Fixed line 28% 27% Enterprise Vodafone DJ Global Telcos, rebased to Vodafone 20% Note: Past performance cannot be relied on as a guide to future performance. 7% Incoming 7% 42% 4% Other Other Mobile in-bundle 38% Consumer contract Net debt of £22.3bn at 31 March 2015 The Group has a range of debt instruments including bonds, commercial paper and bank Group service revenue FY 14/15 Group EBITDA FY 14/15 loans. The currency profile of the Group’s debt is broadly in line with the value of the Vodacom Germany Group’s underlying assets UK 10% India Other 16% 11% 23% 22% 11% Italy Long term credit ratings: Spain 7% 13% Vodacom Germany 20% 9% Spain 11% Moody’s Baa1 Fitch BBB+ Standard & Poor’s A- 13% 23% India 11% Italy Other UK 1 Our markets UK (100% ownership) Germany (100% ownership) £6.4bn revenue, £1.4bn EBITDA £8.5bn revenue, £2.7bn EBITDA 18.4m customers (35% prepaid) 30.9m customers (48% prepaid) 24% market share1 33% market share1 Italy (100% ownership) £4.6bn revenue, £1.5bn EBITDA 25.2m customers (82% prepaid) 1 Spain (100% ownership) 32% market share £3.7bn revenue, £0.8bn EBITDA 14.2m customers (23% prepaid) 30% market share1 India (100% ownership) £4.3bn revenue, £1.3bn EBITDA 183.8m customers (93% prepaid) 23% market share1 Vodacom Group (65% ownership) £4.3bn revenue, £1.5bn EBITDA 68.5m customers (93% prepaid) 53% market share (South Africa)1 20 subsidiaries: Albania, Czech Republic, Germany, 2 joint ventures: Australia and Indus Towers All figures shown are for the year ended 31 March 2015. Greece, Hungary, Ireland, Italy, Malta, Netherlands, 1 associate: Safaricom Portugal, Romania, Spain, Turkey, UK, Egypt, Ghana, India, New Zealand, Qatar, and Vodacom Group Over 50 partner markets extending our reach beyond equity investments We expect these trends to shape our industry… Guidance For the year ended 31 March 2016 Growing importance Increasing demand for Strong demand from High level Improving business of data and other new unified communications emerging markets of competition environment in Europe revenue areas EBITDA £11.7bn - £12.0bn Positive free cash flow after all capex Assumptions Assumes foreign exchange rates of £1:€1.37, £1:INR 95.2 and £1:ZAR 18.1. Also excludes the impact of As a result our strategy will focus on… licences and spectrum purchases, 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. Consumer Europe Consumer Emerging Enterprise Demand for data is rapidly Communications Markets We want to become the leading accelerating. We are focused More and more businesses and It’s easy to conceive of Vodafone communications provider for Brand and CSR as a Europe-centric company, businesses across the world, Brand valued at and mobile data experience, communications – converged but an increasing amount large or small. We provide UK’s most valuable brand outstanding customer service of our revenue now comes a range of services including (Brand Finance) (Brand Finance) and a range of worry-free price and we are adapting to meet from countries outside Europe, $27bn plans and additional services. these demands. and most of this in fast-growing and M2M that are easy to use, emerging markets where worry-free and cost-effective. demand for data is taking off. Investor calendar Half year results Interim dividend payment date 10 November 2015 3 February 2016 Q3 results Year end results 4 February 2016 17 May 2016 Supported by… Advisors An excellent network experience model and operations Corporate brokers Auditors References Vodafone data correct as of 31 March 2015 unless otherwise stated. See www.vodafone.com/content/index/investors/glossary for a glossary of key terms. 1 Vodafone estimates for the quarter ending 30 September 2014 based on mobile service revenue. Each of which is accelerated by… Registered and Head Office Contact details Project Spring Vodafone House Investor Relations: The Connection Tel: +44 (0) 7919 990 230 Email: [email protected] Newbury General enquiries: Berkshire UK switchboard +44 (0)1635 33251 RG14 2FN England Registered in England No. 1833679 Disclaimer Information 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 or otherwise 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 2015 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’s management 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 comparable with similarly titled measures disclosed by other companies, including those in the Group’s industry.