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RNS Number : 6334S
Vodafone Group Plc
18 March 2021
Vodafone Group Plc Vodafone Business briefing
18 March 2021
Vodafone Business Connecting people, places & things for a better future
Vodafone Group Plc is holding a virtual briefing for investors
and analysts today for Vodafone Business, which will be hosted by
Vinod Kumar (CEO) and Sateesh Kamath (Finance Director). The event
provides an overview of Vodafone Business, which is a key growth
driver for the Group, representing 28% of service revenue.
Through a series of video presentations and case studies
(available at investors.vodafone.com ) , we outline the market
structure, our unique scale & capabilities, our recent
performance and our growth strategy. In addition, a live video
Q&A webcast will commence at 2.00pm GMT on 18 March 2021.
Key highlights from the event:
1. We operate in attractive markets We serve over 6 million
private and public sector customers of all sizes, across Europe and
Africa, in addressable markets totalling over EUR100 billion. With
more employees seeking flexible working, gigabit connectivity with
low latency now possible and both public and private organisations
driving digitisation, we have a compelling structural opportunity,
with expected addressable market growth of c.8% p.a.
2. We have unique scale & capabilities We have the scale,
expertise and technology to successfully compete in these
attractive markets. We are expanding our portfolio of products and
services to enhance our provision of core connectivity services,
with in-house innovation in IoT and partnerships with leading
technology companies to offer cloud, security and unified
communications services.
3. We have strong operating momentum Over the last three years,
we have delivered a step-change in our commercial performance,
leading to service revenue growth (excluding roaming and visitor
revenue) of 3.2% in Q3 FY21, with total service revenue now over
EUR10 billion. This has been driven by ongoing improvements in our
commercial momentum, strong support to our customers throughout the
pandemic, clear understanding of our economic model and disciplined
prioritisation of high marginal return on capital
opportunities.
4. We are on a clear growth pathway Our strategy is grounded in
our Purpose to connect for a better future and is focused on three
core elements. Firstly, to be the trusted partner for small and
medium-sized enterprises. Secondly, to be the gigabit connectivity
provider of choice to large enterprises. Thirdly, to be the leading
end-to-end provider of IoT solutions for every organisation.
Through delivering this strategy our medium-term financial
ambitions are to:
-- deliver above-market revenue growth in fixed & mobile connectivity;
-- deliver double-digit revenue growth in cloud, security, IoT
and unified communications services;
-- optimise our balance of EBITDA growth and EBITDA margin; and
-- invest in high marginal ROCE opportunities, to deliver consistent ROCE growth.
Vinod Kumar, Vodafone Business CEO, commented:
"I'm excited to be able to share the Vodafone Business story
with you today- who we are, who our customers are and how their
needs are evolving. We have developed a unique combination of
scale, breadth and capabilities, which enables us to deliver a
market-leading experience for private and public sector customers
of all shapes and sizes.
The events of the last year have highlighted the critical role
that fast, reliable and secure connectivity plays in powering
businesses, governments and our essential public services. We
responded rapidly and comprehensively, supporting a step-change in
our commercial performance. We are on a clear growth pathway that
will connect people, places and things for a better future and
create sustainable value for our shareholders"
About Vodafone
Vodafone is a leading telecommunications company in Europe and
Africa. Our purpose is to "connect for a better future" and our
expertise and scale gives us a unique opportunity to drive positive
change for society. Our networks keep family, friends, businesses
and governments connected and - as COVID-19 has clearly
demonstrated - we play a vital role in keeping economies running
and the functioning of critical sectors like education and
healthcare.
Vodafone is the largest mobile and fixed network operator in
Europe and a leading global IoT connectivity provider. Our M-Pesa
technology platform in Africa enables over 45 million people to
benefit from access to mobile payments and financial services. We
operate mobile and fixed networks in 21 countries and partner with
mobile networks in 48 more. As of 31 December 2020 we had over 300
million mobile customers, more than 27 million fixed broadband
customers, over 22 million TV customers and we connected more than
118 million IoT devices.
We support diversity and inclusion through our maternity and
parental leave policies, empowering women through connectivity and
improving access to education and digital skills for women, girls,
and society at large. We are respectful of all individuals,
irrespective of race, ethnicity, disability, age, sexual
orientation, gender identity, belief, culture or religion.
Vodafone is also taking significant steps to reduce our impact
on our planet by reducing our greenhouse gas emissions by 50% by
2025 and becoming net zero by 2040, purchasing 100% of our
electricity from renewable sources by 2025, and reusing, reselling
or recycling 100% of our redundant network equipment.
References to Vodafone in this section are to Vodafone Group Plc
and references to Vodafone Group are to Vodafone Group Plc and its
subsidiaries unless otherwise stated.
For more information, please visit www.vodafone.com, follow us
on Twitter at @VodafoneGroup or connect with us on LinkedIn at
www.linkedin.com/company/vodafone .
For more information, please contact:
Investor Relations Media Relations
Investors.vodafone.com Vodafone.com/media/contact
ir@vodafone.co.uk GroupMedia@vodafone.com
Registered Office: Vodafone House, The Connection, Newbury,
Berkshire RG14 2FN, England. Registered in England No. 1833679
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