Vodafone Group Public Limited Company · LSE:VOD
Vodafone Group Public — Vodafone Group — Investor Presentation (September 2017)
16 slides from Vodafone Group Public's investor presentation, Sep 11, 2017
Slide 1: Vodafone Germany Gigabit Investment Plan
Vodafone Germany Gigabit Investment Plan Nick Read Group Chief Financial Officer Hannes Ametsreiter Vodafone Germany CEO 11 September 2017
Slide 2: Disclaimer
Disclaimer By reading these slides you agree to be bound by the following The presentation also contains certain non-GAAP financial information. conditions. The Group’s management believes these measures provide valuable additional information in understanding the performance of the Group or Informa
Slide 3: Vodafone Germany: Gigabit Investment Plan
Vodafone Germany: Gigabit Investment Plan Approx €2bn investment in fibre over the next 4 years… … to drive attractive incremental growth and returns Giga-Business Under-served market: • Targeting 100,000 companies in around • <2%1 of homes have access to Gigabit speeds 2,000 business parks in co-op
Slide 4: Fixed infrastructure strategy: optimisation at attractive economics
Fixed infrastructure strategy: optimisation at attractive economics Vodafone European homes marketable with fixed broadband (Q1 17/18) (m) Not covered Co/self 163 Total incl’ ADSL and NGN build 136 NGN wholesale 98 41 Strategic wholesale partnerships1 Rent Continually Buy Own NGN network optimising
Slide 5: Vodafone Germany: growing demand for high-speed fixed services
Vodafone Germany: growing demand for high-speed fixed services Vodafone homes marketable Q1 17/18 (m) Homes marketable with NGN Q1 17/18 vs. peers1 (m) Not covered 40.0 38.9 ADSL wholesale 26.2 Leading fixed NGN wholesale 12.6 scale Own NGN network 28m1 26m 13m1 % of homes 32 65 97 100 Vodafone broa
Slide 6: Giga-Business: fibre to business parks
Giga-Business: fibre to business parks German business park opportunity Strategic approach 38.9 2,000 business parks selected on basis of: Business parks1 32,000 • Revenue potential and existing infrastructure • Proximity to existing infrastructure to optimize costs for construction and backhaul KPI
Slide 7: Giga-Business: partnerships built on telecom scale and expertise
Giga-Business: partnerships built on telecom scale and expertise Vodafone Germany Business model Strategic partner Build out after successful Deutsche Glasfaser example: Strong market position and assets pre-sales (>40%) Expertise • Number 1 challenger in fixed • Specialises in low-cost build out of
Slide 8: Giga-Municipality: co-investment with local government
Giga-Municipality: co-investment with local government % of households with <50 Mbps1 Opportunity Strategic approach • ~25% of HH without access to ≥50Mpbs1 Municipality • Government expected to increase fibre • Builds and owns passive local access fibre subsidies network (after successful pre-sales
Slide 9: Giga-Cable: accelerating the upgrade to 1Gbps
Giga-Cable: accelerating the upgrade to 1Gbps Vodafone household cable coverage and speeds Opportunity Today In FY 19/20 Future • Half of new customers choosing ≥200Mbps in Q1 17/18 12.6m 12.6m Strategic approach 11m • 12.6m households upgraded to 1Gbps • 2 year DOCSIS 3.1 roll-out starting 2018; ac
Slide 10: Financial implications: overall Gigabit Investment Plan
Financial implications: overall Gigabit Investment Plan Vodafone Germany • Incremental accrued capex of approximately €2bn over four years (FY 18/19 to FY 21/22)1 • Accretive to mid-term service revenue growth by 1-2pp, from the second full year of the plan (FY 19/20) • Incremental EBITDA margins ma
Slide 11: Slide 11
Slide 12: Appendix
Appendix 12
Slide 13: Germany: total market and fixed market overview
Germany: total market and fixed market overview1 Revenue (€bn) Fixed revenue share (%) Fixed broadband customers (m) FY 16/17 FY 16/17 Q1 17/18 Telefonica United Internet 5 Vodafone 10 21 Fixed Unitymedia 13.0 12 50% €36bn 50% Mobile €18bn 6.4 52 4.4 3.4 2.1 Deutsche Telekom Deutsche Vodafone United
Slide 14: Vodafone NGN reach
Vodafone NGN reach European homes marketable with NGN (Q1 17/18)1 (m) Wholesale Open Fiber Owned Household coverage 65% 47% 67% 90% 54% 94% 13.6 9.0 26.0 8.3 12.6 10.3 0.2 1.5 7.2 3.5 2.5 Germany Italy² Spain UK Portugal VodafoneZiggo³ 98m marketable wholesale including 36m marketable on-net 60% cov
Slide 15: Forward-looking statements
Forward-looking statements This presentation, along with any oral statements made in connection therewith, contains “forward- licences and realise expected synergies and associated benefits; the Group’s ability to secure the looking statements” within the meaning of the US Private Securities Litigat
Slide 16: More information
More information Visit our website for more information 2017 upcoming dates Investor Fixed/Convergence conferences Open Office Half-year results Sep 19-20 Sep 14 Nov www.vodafone.com/investor Contact us ir@vodafone.co.uk +44 (0) 7919 990 230 For definitions of terms please see www.vodafone.com/conte
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