Vodafone Group Public Limited Company (NASDAQ:VOD) Q4 2024 Earnings Conference Call May 14, 2024 5:00 AM ET Company Participants Margherita Della Valle - Group Chief Executive Luka Mucic - Group Chief Financial Officer Conference Call Participants Emmet Kelly - Morgan Stanley Polo Tang - UBS Carl Murdock-Smith - Berenberg Akhil Dattani - JPMorgan Stephen Malcolm - Redburn James Ratzer - New Street Robert Grindle - Deutsche Numis Jakob Bluestone - Exane BNP Paribas Maurice Patrick - Barclays David Wright - B ...

Q3 FY24 trading update 1 Q3 FY24 Trading Update Turnaround planning ⫶ February 2024 ⫶ April 2023 February 2024 Vodafone Group Plc Q3 performance ⫶ Maintained good growth in service revenue | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------|--------------------------------|-----------|---------------|-------------|-------|------------------|----------------|---------|---------|---------|---------|---------|---------|--------------------| ...

Start Time: 05:00 January 1, 0000 5:38 AM ET Vodafone Group Public Limited Company (NASDAQ:VOD) Q3 2024 Trading Update Conference Call February 05, 2024, 05:00 AM ET Company Participants Margherita Della Valle - CEO Luka Mucic - CFO Conference Call Participants Emmet Kelly - Morgan Stanley Maurice Patrick - Barclays Georgios Ierodiaconou - Citigroup Jakob Bluestone - Exane Akhil Dattani - JPMorgan James Ratzer - New Street Research. Carl Murdock-Smith - Berenberg Robert Grindle - Deutsche Bank Andrew Lee - ...

Financial Data and Key Metrics Changes - The company reported a return to service revenue growth in Germany, supported by commercial model reengineering and broader broadband price actions [25] - Free cash flow for FY 2024 is guided to be around €3.3 billion, with a reduction expected due to the sale of Spain [33][94] - The company is currently around 70% hedged from an energy cost perspective, with expectations to increase this to about 80% soon [21] Business Line Data and Key Metrics Changes - The company has seen a broad-based improvement in service revenue in Q2, with 14 out of 17 markets growing [25] - In Germany, disconnections have been low single digits, and the company expects improvements in broadband volume trends moving forward [13][16] - The company added €100 million under its OpEx program, which is aimed at enhancing customer experience initiatives [19] Market Data and Key Metrics Changes - The company announced its exit from the Spanish market due to its fragmented structure and challenging conditions [5][50] - In Italy, the company continues to explore consolidation opportunities, as the market remains competitive with no players delivering returns above the cost of capital [56][82] Company Strategy and Development Direction - The company is focusing on operational excellence and simplifying its business model to enhance customer experience and drive growth [4][30] - A significant agreement with Accenture was announced to accelerate transformation efforts [4] - The company is prioritizing investments in markets with sustainable structures and sufficient scale to drive returns above the cost of capital [2][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to EBITDA growth in the UK, with expectations of a €200 million relief from energy headwinds in the second half of the year [39][64] - The company is focused on improving customer trust and experience, reallocating €150 million towards customer experience initiatives [89] - Management acknowledged the challenges in the Spanish market and emphasized the need for consolidation in competitive markets like Italy [50][56] Other Important Information - The company is committed to maintaining a strong balance sheet, with a net debt-to-EBITDA ratio of around 2.5 times [11] - The company is exploring options for capital allocation following the sale of Spain, with a review expected in the first half of 2024 [29] Q&A Session Summary Question: Capital allocation priorities for the group - Management indicated that capital allocation will be reviewed after the sale of Spain, focusing on markets with growth opportunities [28][29] Question: German commercial trends and broadband declines - Management expressed confidence in improving broadband volume trends in Germany, despite some expected disconnections due to price increases [13][16] Question: EBITDA growth phasing and energy headwinds - Management confirmed that energy was a €300 million drag on EBITDA in the first half, but expects a relief of €200 million in the second half [38][64] Question: Fiber build and joint ventures - Management stated that they are comfortable with current capital investments and will continue to evolve both fiber and cable networks [68] Question: Working capital swings and cash flow generation - Management acknowledged the increasing swings in working capital and emphasized a focus on sustainable cash flow generation [76][78]

Vodafone Group Public Limited Company (NASDAQ:VOD) Q1 2024 Earnings Call Transcript July 24, 2023 4:00 AM ET Company Participants Margherita Della Valle - Group CEO, CFO and Executive Director Conference Call Participants Andrew Lee - Goldman Sachs James Ratzer - New Street Ottavio Adorisio - Societe Generale Polo Tang - UBS Carl Murdock-Smith - Berenberg John Karidis - Numis Nick Delfas - Redburn Robert Grindle - Deutsche Bank David Wright - Bank of America Merrill Lynch Georgios Ierodiaconou - Citigroup M ...

FY23 Results May 2023 CUSTOMERS ⫶ SIMPLICITY ⫶ GROWTH 1 Turnaround planning FY23 Results ⫶⫶April 2023 May 2023 A new roadmap for Vodafone | --- | --- | --- | |-------|----------------------------|-------| | A ⫶ | Vodafone must change | p3 | | B ⫶ | Our transformation | p7 | | C ⫶ | The action plan | p10 | | | FY23 financial performance | p14 | | | Appendices | p25 | 2 FY23 Results ⫶ May 2023 A⫶Vodafone must change | The market context We invest more & earn less than other sectors… … and shareholder returns ...

Vodafone Group Public Limited Company (NASDAQ:VOD) Q4 2023 Earnings Conference Call May 16, 2023 5:00 AM ET Company Participants Margherita Della Valle - Group Chief Executive and Chief Financial Officer Conference Call Participants Andrew Lee - Goldman Sachs Polo Tang - UBS Nick Delfas - Redburn James Ratzer - New Street Emmet Kelly - Morgan Stanley Sam McHugh - Exane Carl Murdock-Smith - Berenberg Robert Grindle - Deutsche Bank Maurice Patrick - Barclays David Wright - Bank of America Margherita Della Val ...

Vodafone Group PLC (NASDAQ:VOD) Q2 2023 Earnings Conference Call November 15, 2022 5:00 AM ET Company Participants Nicholas Read - CEO & Executive Director Margherita Della Valle - CFO & Director Conference Call Participants Jakob Bluestone - Crédit Suisse Robert Grindle - Deutsche Bank David Wright - Bank of America Merrill Lynch Andrew Lee - Goldman Sachs Nick Delfas - Redburn James Ratzer - New Street Research Polo Tang - UBS Emmet Kelly - Morgan Stanley Samuel McHugh - BNP Paribas Exane Nicholas Read Go ...

Vodafone Group Public Limited Company (NASDAQ:VOD) Q4 2022 Earnings Conference Call May 17, 2022 5:00 AM ET Company Participants Nicholas Read - Chief Executive Officer Margherita Della Valle - Chief Financial Officer Conference Call Participants Maurice Patrick - Barclays Akhil Dattani - JPMorgan Andrew Lee - Goldman Sachs James Ratzer - New Street John Karidis - Numis Emmet Kelly - Morgan Stanley Polo Tang - UBS Nick Delfas - Redburn David Wright - Bank of America/Merrill Lynch Nicholas Read Good morning ...

FY22 Results 17 May 2022 Agenda & contents Highlights Nick Read Chief Executive p3 Financial Margherita Della Valle performance Chief Financial Officer p7 Strategy, operations & portfolio Nick Read Chief Executive p19 We connect for a better future The new generation connectivity & digital services provider for Europe & Africa enabling an inclusive & sustainable digital society Appendices p32 Detailed ESG reporting ⫶ investors.vodafone.com/esg FY22 Results May 2022 2 Conclusions Highlights Good financial pe ...