Vodafone Group Public Limited Company · LSE:VOD
Vodafone Group Public — Vodafone Group — Shareholder Meeting (July 2014)
28 slides from Vodafone Group Public's shareholder meeting presentation, Jul 29, 2014
Slide 1: Vodafone Group Plc Annual General Meeting
Vodafone Group Plc Annual General Meeting 29 July 2014
Slide 2: Gerard Kleisterlee, Chairman
Gerard Kleisterlee Chairman Vodafone Group Plc
Slide 3: Agenda
Agenda • Gerard Kleisterlee, Chairman – Opportunities and challenges – Company performance • Vittorio Colao, CEO – Q1 14/15 financial performance – Strategic development • Q&A • Voting on the resolutions 3
Slide 4: Disclaimer
Disclaimer Information in the following communication relating to the price at which relevant investments have been bought or sold in the past, or the yield on such investments, cannot be relied upon as a guide to the future performance of such investments. This presentation does not constitute an o
Slide 5: External environment
External environment • Complex industry • European environment • Challenge for policymakers 5
Slide 6: Operating responsibly
Operating responsibly • £4.2bn taxes paid worldwide • £13.5bn total economic contribution to governments • 27.3% corporate tax rate • Every £4 of profit generated, we pay over £1 in corporate taxes globally 6
Slide 7: Operating responsibly
Operating responsibly • 29 countries • First of its kind worldwide • Widely praised 7
Slide 8: Our strategy
Our strategy 8
Slide 9: Consumer Europe
Our strategy Consumer Europe 9
Slide 10: Unified communications
Our strategy Consumer Europe Unified communications 10
Slide 11: Consumer Emerging Markets
Our strategy Consumer Europe Unified communications Consumer Emerging Markets 11
Slide 12: Enterprise
Our strategy Consumer Europe Unified communications Consumer Emerging Markets Enterprise 12
Slide 13: Project Spring
Project Spring • Largest and fastest in our history • £19 billion, 2-year programme • Sector leadership 13
Slide 14: Project Spring
Project Spring 47,000 70,000 new 2G sites new small cell / WiFi sites for perfect voice for micro coverage 73,000 77,000 new 3G sites new 4G sites competitive 3G grow 4G outdoor coverage 106,000 87,000 new single RAN installations new high capacity backhaul radio modernisation sites for improved dat
Slide 15: FY financial performance
FY 14 financial performance Earnings per share Adjusted operating profit1 Free cash flow1 17.54p £7.9bn £4.4bn Group Europe AMAP revenue £43.6bn 1 -9.1% 1, 2 +6.1% 1, 2 1. Presented on a management basis, all other information presented on a statutory basis 2. FY14 organic service revenue growth 15
Slide 16: Creating shareholder value: US transaction
Creating shareholder value: US transaction £51bn £2.36 £2.42 £1.60 £1.051 after 6 for 11 consolidation £1.31 16 January 2013 21 February 2014 24 February 2014 1. Cash and Verizon shares translated at $1.6688 16
Slide 17: Creating shareholder value: long-term dividend performance
Creating shareholder value: long-term dividend performance Pence per ordinary share Ordinary dividend Special dividend 4.0 10%1 11.0 10.2 8.9 9.5 7.8 8.3 7.5 6.8 6.1 4.1 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 1. Compound annual growth rate 17
Slide 18: Creating shareholder value: total shareholder returns
Creating shareholder value: total shareholder returns (£bn) Return of value1 B share return 57.1 Special dividend Ordinary dividends & share buybacks 19.2 51.0 9.0 10.2 2.0 6.7 6.6 6.4 5.0 3.6 4.0 4.1 6.7 10.2 6.6 8.2 6.4 6.1 3.6 4.0 5.0 4.1 FY 05 FY 06 FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 1
Slide 19: A more valuable Vodafone: total shareholder returns
A more valuable Vodafone: total shareholder returns1 Over last 3 years 56% 28% 4% Euro Telecoms FTSE 100 Vodafone Source: Factset 1. Data: as at 22 July 2014, in Euro currency 19
Slide 20: Vodafone Foundation
Vodafone Foundation
Slide 21: Conclusion
Conclusion All growth rates shown are organic unless otherwise stated 21
Slide 22: Vittorio Colao, CEO
Vittorio Colao CEO Vodafone Group Plc
Slide 23: Q1 14/15 highlights
Q1 14/15 highlights • Group service revenue -4.2%; (-2.9% excluding MTRs); continued growth in AMAP, up 4.7%; Europe -7.9%, early signs of stabilisation in performance • Driving data growth; 6.7m 4G users, data traffic growth accelerating - Europe +53%, Group +73% • Strong progress on Project Spring
Slide 24: We are now starting Chapter 3 of the Vodafone story
We are now starting Chapter 3 of the Vodafone story 1996-2002 2002-2012 2013 onwards CHAPTER 1 CHAPTER 2 CHAPTER 3 • Ride wave of mobile • Emerging market expansion • A provider of converged data penetration/voice • Portfolio rationalisation and services move to control positions • Deeper and strong
Slide 25: Project Spring: where we aim to be five years from now
Where we aim to be five years from now Unified Consumer Consumer Europe Enterprise communications emerging markets Converged services in all A leading mobile A strong leader in Major enterprise provider key markets communications provider communications and first with full service offering choice fo
Slide 26: Summary: Vodafone transformation progresses
Summary: Vodafone transformation progresses Mobile Europe Consumer Metered voice Unified Communications Europe & Emerging Markets Consumer & Enterprise Data & innovation in service Priorities FY 14/15 1. Better performance, leverage on network and customer experience 2. Integration of KDG an
Slide 27: Q&A
Q&A 27
Slide 28: Slide 28