Vodafone Group Public Limited Company · LSE:VOD
Vodafone Group Public — Vodafone Group — Q3 FY23 Earnings Presentation
16 slides from Vodafone Group Public's earnings presentation, Feb 1, 2023
Slide 1: FY23 Q3 trading update
Vodafone Group Plc FY23 ⫶ Q3 trading update 1 February 2023 C2 General 1 FY23 ⫶ Q3 Trading update
Slide 2: Highlights
Highlights Q3 Group service revenue growth +1.8%, Europe -1.1% Continuing to target updated FY23 guidance: Adjusted EBITDAaL €15.0 – 15.2 billion & Adjusted FCF c.€5.1 billion Operational update: immediate priorities Portfolio progress: Hungary complete, Egypt complete, Vantage Towers minority tende
Slide 3: Our immediate priorities
Highlights Our immediate priorities Customers Simplicity Growth Actioned Full commercial & capital autonomy in markets Decision-making closer to customers Broadening price action Group functions simplification Customer insight driving resource allocation Intensified performance management c.50% of c
Slide 4: Highlights Q3 performance: Europe slowing & Africa resilient
Highlights ⫶ Q3 performance Europe slowing & Africa resilient Group service revenue year-on-year growth (%) Europe & Africa service revenue growth (%) Group Group excl Turkey Europe Africa1 2.7% 4.8% 2.5% 2.5% 4.4% 2.4% 3.5% 2.0% 3.1% 2.9% 1.8% 2.0% 1.7% 1.6% 0.5% 0.5% 0.3% 1.4% 1.4% (0.2%) 0.5% (1.
Slide 5: Germany Q3 performance: Continued impact from commercial underperformance
Germany ⫶ Q3 performance Continued impact from commercial underperformance Service revenue growth Key drivers • Quarter-on-quarter service revenue slowing due to: - lower roaming growth 30% -1.8% - lapping strong Business performance in Q3 last year of Group Service Revenue (Q2 -1.1%) - customer los
Slide 6: Europe Q3 performance: Continued growth in the UK and Other Europe
Europe ⫶ Q3 performance Continued growth in the UK and Other Europe Service revenue growth Key drivers Highlights Contract net adds1 (‘000) • Ongoing momentum supported by customer growth 181 14% +5.3% and price increases 96 97 141 of Group Service Revenue (Q2 +6.9%) • Good commercial execution with
Slide 7: Africa & Turkey Q3 performance: Strong demand for financial services & data usage growth
Africa & Turkey ⫶ Q3 performance Strong demand for financial services & data usage growth Service revenue growth Key drivers Highlights Consumer contract revenue growth (%) • Acceleration in Consumer growth and higher data 8.8% 9% +3.0% usage 2.9% 5.3% 6.0% 5.3% of Group Service Revenue (Q2 +3.0%) •
Slide 8: Appendices
Appendices I More information p9 II Our regional footprint p10 Provide investor feedback here ⫶ III ESG reporting & performance p11 investors.vodafone.com/feedback IV Network quality achievements p12 V Definitions p13 VI Supporting information p14 VII Importance notice p15 C2 General 8 FY23 ⫶ Q3 Tra
Slide 9: More information
Appendix I More information Vodafone Business ⫶ Investor briefing Vodafone Technology ⫶ Investor briefing Connecting people, places & things for a better future A globally scaled operator • We operate in attractive markets • Our customer demand continues to accelerate • We have unique scale & capabi
Slide 10: Our regional footprint
Appendix II Our regional footprint Europe ⫶ converged connectivity leader Africa ⫶ leading data & payments provider 45.1m 5.5m 17.8m 3.3m 31.4m 12.1m 1.2m 10.7m 7.5m 0.3m 4.0m 0.6m 43.2m 9.7m 3.0m 0.7m 0.7m 19.2m 16.3m 1.9m 17.8m 0.1m 3.0m 13.6m 4.7m 4.3m 3.0m 0.9m 0.9m 24.6m 10.9m 1.4m 48.3m 1.8m #
Slide 11: ESG reporting & performance
Appendix III ESG reporting & performance Extensive suite of ESG disclosures Strong ESG performance Annual Report ⫶ vodafone.com/ar2022 ESG Addendum ⫶ investors.vodafone.com/esgaddendum MSCI ESG Rating1, 2 “AA” • Integrated reporting covering • >1,000 datapoints in ESG strategy & performance spreadsh
Slide 12: Network quality achievements
Appendix IV Network quality achievements 2nd in Mobile Mobile benchmark ‘very Benchmark including good’ in 10/11 1st for Reliability in categories 91.1% London Mobile benchmark ‘good’ Opensignal – 6 awards Mobile benchmark ‘very good’ Mobile Connect test 2023 ‘very good’ for network Voice, Data & Cr
Slide 13: Definitions
Appendix V Definitions Term Definition Term Definition Internet of Things. Network of physical objects embedded with Adds Number of new customers within a defined period electronics, software, sensors & network connectivity, including IoT built-in mobile SIM cards, that enables collection of data &
Slide 14: Supporting information
Appendix VI Supporting information 1. Quarterly revenue The information opposite is available in spreadsheet format via 2. Group financial performance investors.vodafone.com 3. Segmental results 4. Segmental analysis 5. Cash Flow 6. Mobile customers 7. Fixed broadband customers 8. Marketable homes p
Slide 15: Important notice
Appendix VII Important notice You have been provided access to this presentation on the basis that you are an investment professional for the purposes of Article 19 or a member of the press for the purposes of Article 47 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
Slide 16: Investor Relations contacts and upcoming events
Vodafone Group investors.vodafone.com Upcoming events Investor Relations ir@vodafone.co.uk 1 Kingdom Street, London, W2 6BY 16 May FY23 Results Matthew Johnson 2023 Director matthew.johnson@vodafone.com Group IR Daniel Morris Deputy Director daniel.morris@vodafone.com 27 July FY24 Q1 Results Group I