Vodafone Group Public Limited Company · LSE:VOD
Vodafone Group Public — Vodafone Group — Q1 FY22 Earnings Presentation
16 slides from Vodafone Group Public's earnings presentation, Jul 23, 2021
Slide 1: Vodafone Group Plc Q1 FY22 Trading Update
Vodafone Group Plc Q1 FY22 Trading Update 23 July 2021
Slide 2: Our strategy: Growth in both Europe & Africa underpins our ambition
Our strategy ⫶ Growth in both Europe & Africa underpins our ambition The new generation connectivity & digital services provider Vision for Europe & Africa, enabling an inclusive & sustainable digital society Deep & Best connectivity Leading 24hr Outstanding trusted customer products & innovation in
Slide 3: Highlights: Good start to the year with 3.3% service revenue growth
Highlights ⫶ Good start to the year with 3.3% service revenue growth Group Service Revenue growth Commercial momentum 4.0% 3.3% 3.0% 4,000 Europe mobile contract440 1.8% 1.7% c.1.0pt net adds ('000) 1.5% 3,500 390 Av. monthly retail store 2.0% 0.6% Prior year 371 footfall (EU4) 340 1.6% COVID one-of
Slide 4: Service revenue: Growth across all parts of the Group
Service revenue ⫶ Growth across all parts of the Group | Growth in Europe ex. R&V Service revenue growth1 Y-o-Y reduction in Europe mobile contract churn (ex. Spain)4 2.0% 0.4% 1.5% 0.1% -0.1% • Growing in all markets except Italy Q1 Q2 Q3 Q4 Q1 1.0% 0.5% -0.6% 1.1% 0.0% FY21 FY21 FY21 FY21 FY22 -0.
Slide 5: Growth in Europe: Germany
Growth in Europe ⫶ Germany Service revenue growth 31% Group Service Revenue Q1 FY22 2.5% 2.5% Contribution 2.5% 2.4% Retail growth to Group 2.0% 2.0% 1.9% Service revenue growth 1.4% +0.4pt Retail (ex. roaming) 1.5% 1.8% 1.8% 1.8% 1.5% 1.5% Reported 1.0% 1.4% 1.0% organic service 1.2% 1.0% • Lapping
Slide 6: Growth in Europe: Strong recovery in service revenues
Growth in Europe ⫶ Strong recovery in service revenues Service revenue Market commentary Our performance growth +2.5% • Retail activity recovering post lockdown, • Mobile contract net adds +65k (Q4 FY21 -0.6%) all stores open from mid-April 13% +0.3pt contribution to • Innovative new offers – Group
Slide 7: Growth in Business: Continued outperformance in all markets
Growth in Business ⫶ Continued outperformance in all markets FY21 total Q1 FY22 service service revenue revenue growth Performance highlights • Lapping roaming drag, however limited international travel Mobile €5.8bn (0.2%) • Customer base +4.5% YoY, offset by ARPU pressure Fixed €3.1bn 3.7% • Good
Slide 8: Growth in Africa & Turkey: Data traffic & financial services growth
Growth in Africa & Turkey ⫶ Data traffic & financial services growth Service revenue Market commentary Our performance growth +5.2% • Increased restrictions as country enters • Lapping strong PY growth supported 9% (Q4 FY21 +8.6%) by lockdown measures Group Service Revenue third COVID wave Vodacom ⫶
Slide 9: Summary
Summary Service revenue growth in both Europe & Africa Service revenue growth in both Consumer & Business Commercial momentum returning as retail stores reopen On-track for FY22 guidance: €15.0-15.4bn EBITDAaL1 & >€5.2bn Adjusted FCF2 1Adjusted EBITDAaL is equivalent to prior year definition & calcu
Slide 10: Appendices
Appendices I Our regional footprint p11 II Definitions p12 III Supporting information p13 New segmental reporting structure VI p14 & proforma financials V Important notice p15 Q1 FY22 Trading Update 23 July 2021 10
Slide 11: Appendix I: Our regional footprint
2 ⫶ We are the Appendix I ⫶ Our leading regional connectivity footprintprovider in Europe & Africa. Europe ⫶ converged connectivity leader Africa ⫶ leading data & payments provider 42.2m 5.3m 3.3m 17.0m 2.0m 30.9m 0.9m 9.4m 0.3m 11.0m 4.0m 0.6m 39.9m* 15.5m 3.1m 9.6m 0.7m 0.7m 14.8m 18.3m 3.0m 1.4m
Slide 12: Appendix II: Definitions
Appendix II ⫶ Definitions Term Definition Term Definition Adds Number of new customers within a defined period IoT Internet of Things. Network of physical objects embedded with electronics, software, sensors & network connectivity, including Adjusted Operating profit after depreciation on lease-rela
Slide 13: Appendix III: Supporting information
Appendix III ⫶ Supporting information 1. Quarterly revenue The information opposite is available in spreadsheet format 2. Adjusted income statement via investors.vodafone.com 3. Segmental information 4. Income statement information 5. Cash flow 6. Mobile customers 7. Fixed-line broadband customers 8
Slide 14: Appendix IV: New segmental reporting structure & proforma financials
Appendix IV ⫶ New segmental reporting structure & proforma financials Adjusted Adjusted Capital Non-current Proforma FY211 Revenue Service revenue EBITDAaL EBITDAaL margin additions Proforma FY21 assets(1) €m €m €m % €m €m H1 21 FY21 H1 21 FY21 H1 21 FY21 H1 21 FY21 H1 21 FY21 FY21 Germany 6,371 12,
Slide 15: Appendix V: Important notice
Appendix V ⫶ Important notice By accessing this communication, you agree to be bound by the following conditions. You depend on circumstances that may or may not occur in the future. There are a number of may not disseminate this communication or any copy thereof, in whole or in part, without the fa
Slide 16: Investor Relations contacts and upcoming events
Group investors.vodafone.com Upcoming events Investor Relations ir@vodafone.co.uk 1 Kingdom Street, London, W2 6BY 27 Annual General Meeting July Matthew Johnson Director matthew.johnson@vodafone.com Group IR Daniel Morris Deputy Director Group IR daniel.morris@vodafone.com 29 Digital services & exp