VEON Ltd. · NASDAQ:VEON
VEON — Shareholder Meeting (May 2024)
17 slides from VEON's shareholder meeting presentation, May 31, 2024
Slide 1: 2024 Annual General Meeting of Shareholders
1 VEON 2024 AGM | 1 VEON 31 May 2024 London 2024 ANNUAL GENERAL MEETING OF SHAREHOLDERS
Slide 2: Disclaimer
2 VEON 2024 AGM | 2 DISCLAIMER VEON's results and other financial information presented in this presentation are, unless otherwise stated, prepared in accordance with International Financial Reporting Standards ("IFRS") and have not been externally reviewed and audited. The financial information inc
Slide 3: Notice to Readers: Financial Information and Impact of the Conflict
3 VEON 2024 AGM | 3 NOTICE TO READERS: FINANCIAL INFORMATION PRESENTED VEON's results and other financial information presented in this document are, unless otherwise stated, prepared in accordance with International Financial Reporting Standards ("IFRS") based on internal management reporting, are
Slide 4: Agenda
4 VEON 2024 AGM | 4 AGENDA 1. WELCOME AND INTRODUCTION Kaan Terzioğlu, VEON Group CEO 4. FY 2023 HIGHLIGHTS & RECENT DEVELOPMENTS Kaan Terzioğlu, VEON Group CEO 3. VOTING RESULTS AND THEIR CONFIRMATION Appointed Corporate Functions, Civil Law Notary, Gijs ter Braak, Partner, Simmons & Simmons 2. AGM
Slide 5: 2024 AGM Proposals
5 VEON 2024 AGM | 5 2024 AGM PROPOSALS Minor Amendments to Bye-laws 3 and 31.1 • The amendment to bye-law 3 is simply to correct a legacy formatting error without any substantive change to the meaning of the bye-law. • The amendment to bye-law 31.1 will allow the Board to choose between convening a
Slide 6: Agenda
6 VEON 2024 AGM | 6 AGENDA 1. WELCOME AND INTRODUCTION Kaan Terzioğlu, VEON Group CEO 4. FY 2023 HIGHLIGHTS & RECENT DEVELOPMENTS Kaan Terzioğlu, VEON Group CEO 3. VOTING RESULTS AND THEIR CONFIRMATION Appointed Corporate Functions, Civil Law Notary, Gijs ter Braak, Partner, Simmons & Simmons 2. AGM
Slide 7: Agenda
7 VEON 2024 AGM | 7 AGENDA 1. WELCOME AND INTRODUCTION Kaan Terzioğlu, VEON Group CEO 4. FY 2023 HIGHLIGHTS & RECENT DEVELOPMENTS Kaan Terzioğlu, VEON Group CEO 3. VOTING RESULTS AND THEIR CONFIRMATION Appointed Corporate Functions, Civil Law Notary, Gijs ter Braak, Partner, Simmons & Simmons 2. AGM
Slide 8: Agenda
8 VEON 2024 AGM | 8 AGENDA 1. WELCOME AND INTRODUCTION Kaan Terzioğlu, VEON Group CEO 4. FY 2023 HIGHLIGHTS & RECENT DEVELOPMENTS Kaan Terzioğlu, VEON Group CEO 3. VOTING RESULTS AND THEIR CONFIRMATION Appointed Corporate Functions, Civil Law Notary, Gijs ter Braak, Partner, Simmons & Simmons 2. AGM
Slide 9: 2023 results highlights: EBITDA, revenue, cash, net debt and free cash flow
9 VEON 2024 AGM | 9 FY 2023 HIGHLIGHTS Normalised EBITDA margin at 46%+, effective cost optimization and control EBITDA $1,609mn +20% YoY local currency Effective protection and use of Group liquidity $1,737mn CASH $1,328mn at HQ High-teens growth, faster than weighted average inflation +18% YoY loc
Slide 10: 2023 Ambitions
10 VEON 2024 AGM | 10 2023 AMBITIONS Our full-year ambitions achieved, while addressing new challenges 1 Driving growth and expanding margin Ukraine Exit from Russia • Execution on “4G for all” and “Digital Operator” strategy • Disciplined inflationary pricing and cost control • Leaner HQ Management
Slide 11: VEON YoY USD and LCY Revenue Growth Performance
11 VEON 2024 AGM | 11 VEON YOY USD AND LCY REVENUE GROWTH PERFORMANCE -2.4% -1.5% 8.6% -0.6% -0.3% 16.2% -5.0% 5.0% 15.0% 2022 2023 Apr 2024 YTD VEON Group VEON Group, other than Ukraine Total revenue, YoY in USD • A dedicated customer retention program in Ukraine following the cyberattack in Decemb
Slide 12: Apr'24 YTD Group Service Revenue +7.5% YoY in USD Terms
12 VEON 2024 AGM | 12 APR’24 YTD GROUP SERVICE REVENUE +7.5% YOY IN USD TERMS Note: Revenue and EBITDA in Ukraine was impacted by extraordinary non-recurring item in 1Q24 as noted in the Country Performance section of the 1Q24 trading update. Kyrgyzstan operations are classified as held for sale. -1
Slide 13: DO1440 Flywheel Spinning Faster, Planting Future Growth
13 VEON 2024 AGM | 13 DO1440 FLYWHEEL SPINNING FASTER, PLANTING FUTURE GROWTH Our digital portfolio of assets as of 30 April 2024 Note: YoY comparison is on a like-for-like basis and includes all DO1440 products. Gross Transaction Value and Total usage time exclude self-care products Total guest dig
Slide 14: 2024 Outlook
14 VEON 2024 AGM | 14 2024 OUTLOOK Continuing our growth trajectory 1. Communicated with 4Q23 trading update on 21 March 2024. FY 2024 Guidance1 Apr 2024 YTD, Actual Apr 2024 YTD, Normalised Total Revenue, YoY in local currency 16%-18% growth 13% growth 17% growth EBITDA, YoY in local currency 18%-2
Slide 15: Agenda
15 VEON 2024 AGM | 15 AGENDA 1. WELCOME AND INTRODUCTION Kaan Terzioğlu, VEON Group CEO 4. FY 2023 HIGHLIGHTS & RECENT DEVELOPMENTS Kaan Terzioğlu, VEON Group CEO 3. VOTING RESULTS AND THEIR CONFIRMATION Appointed Corporate Functions, Civil Law Notary, Gijs ter Braak, Partner, Simmons & Simmons 2. A
Slide 16: Investor Relations Contact
16 VEON 2024 AGM | 16 ir@veon.com Tel: +31 (0)20 79 77 200 VEON 2024 ANNUAL GENERAL MEETING OF SHAREHOLDERS
Slide 17: Definitions
17 VEON 2024 AGM | 17 DEFINITIONS 4G users are mobile customers who have engaged in revenue-generating activity during the three months prior to the measurement date as a result of activities over fourth-generation (4G or LTE – long term evolution) network technologies. Average revenue per user (“AR