Vodafone Group Public Limited Company · LSE:VOD
Vodafone Group Public — Vodafone Group — Shareholder Meeting (July 2005)
42 slides from Vodafone Group Public's shareholder meeting presentation, Jul 26, 2005
Slide 1: Vodafone logo
Slide 2: Vodafone Group Plc Annual General Meeting 26 July 2005
Vodafone Group Plc Annual General Meeting 26 July 2005
Slide 3: Lord MacLaurin, Chairman
Lord MacLaurin Chairman Vodafone Group Plc
Slide 4: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995 with respect to the Group’s financial condition, results of operations and businesses and certain of the Group’s plans and objectives. In p
Slide 5: The global telecommunications leader
The global telecommunications leader • Equity interests in networks in 27 countries across 5 continents • Over 165 million customers • 14 Partner Networks • 1 in 4 mobile users in the world is connected to a network in which Vodafone has an interest • Voice usage increased from 155 billion minutes t
Slide 6: Helping to unlock Africa's potential
Helping to unlock Africa’s potential • High rates of customer growth in Africa – e.g. Kenya, South Africa and Egypt • A force for good - improving productivity, increasing incomes and creating employment • Measurable improvement in economic growth - enabling private enterprise, laying foundations fo
Slide 7: Financial Review of the Year
Financial Review of the Year Turnover • Increased to £34.1 billion Profit before • Increased to £10.3 billion tax * Free cash • £7.8 billion flow • 100% increase in dividend for the year *Before goodwill and exceptional items 7 Annual General Meeting 26 July 2005
Slide 8: Shareholder returns
Shareholder returns • Expect to grow future dividends in line with earnings • Additional returns through share buybacks – £4 billion spent on share buybacks in year to 31 March 2005 – Plan to expand to £4.5 billion in current financial year • Intention to return more cash through buybacks and divide
Slide 9: International Accounting Standards (IFRS)
International Accounting Standards (IFRS) • Required in future to report our results under IFRS instead of UK Generally Accepted Accounting Principles (UK GAAP) • Interim results and 2006 Annual Report will be under IFRS • IFRS will help to clarify Vodafone’s financial position • For latest financia
Slide 10: 3G
3G • New product offerings • Further content deals • “live! with 3G” expanded this year – Film clips – Full track music downloads – Increased range of services and content – Plans for more services in the coming year • Enhanced services for business on 3G through Mobile Connect card • 3.3 million 3G
Slide 11: Strong performance
Strong performance • Proportionate mobile revenues up 8.6% year on year on a like for like basis • Particularly strong performances in Spain and the US • Strong performances in smaller operations of Egypt, Hungary, South Africa • Newly controlled operations in Romania and Czech Republic performed we
Slide 12: Japan – the path to recovery
Japan – the path to recovery • New management team in place • Plan to turn round business by mid 2006 • Focussed on enhancing customer satisfaction: – Improved handset portfolio – Better network coverage • Confident of improved performance 12 Annual General Meeting 26 July 2005
Slide 13: Corporate Responsibility – Vodafone Group Foundation
Corporate Responsibility – Vodafone Group Foundation • Directs Vodafone’s charitable donations • 19 local foundations established • £34 million to charities around the world, 50% increase on 2004 • £2.5 million to Asian tsunami relief • Donation to London Bombings Relief Fund 13 Annual General Meeti
Slide 14: Corporate Responsibility - Health
Corporate Responsibility - Health • Continue to support research aligned with World Health Organisation priorities • Provide up to date, reliable information • Handsets and base stations comply with international standards • Intention to lead the industry in responding to public concerns 14 Annual G
Slide 15: Board changes
Board changes • David Scholey, retiring Non-Executive Director • Ken Hydon, retiring Financial Director • Andy Halford, new Chief Financial Officer • Paul Hazen, outgoing Chair of Audit Committee • Penny Hughes, outgoing Chair of Remuneration Committee • Luc Vandevelde, new Chair of Remuneration Com
Slide 16: Vodafone Group Plc
Vodafone Group Plc Annual General Meeting 26 July 2005
Slide 17: Resolution 1
Resolution 1 To receive the report of the Directors and financial statements for the year ended 31 March 2005 For - 96.94% Against - 0.20% Abstain - 2.86% 17 Annual General Meeting 26 July 2005
Slide 18: Resolution 2: Re-elect Lord MacLaurin
Resolution 2 To re-elect director: Lord MacLaurin For - 97.74% Against - 0.32% Abstain - 1.94% 18 Annual General Meeting 26 July 2005
Slide 19: Resolution 3: Re-elect Paul Hazen
Resolution 3 To re-elect director: Paul Hazen For - 97.35% Against - 0.59% Abstain 2.06% 19 Annual General Meeting 26 July 2005
Slide 20: Resolution 4: Re-elect Arun Sarin
Resolution 4 To re-elect director: Arun Sarin For - 98.86% Against - 0.57% Abstain - 0.57% 20 Annual General Meeting 26 July 2005
Slide 21: Resolution 5: Re-elect Sir Julian Horn-Smith
Resolution 5 To re-elect director: Sir Julian Horn-Smith For - 99.29% Against - 0.34% Abstain - 0.37% 21 Annual General Meeting 26 July 2005
Slide 22: Resolution 6: Re-elect Peter Bamford
Resolution 6 To re-elect director: Peter Bamford For - 99.29% Against - 0.34% Abstain - 0.37% 22 Annual General Meeting 26 July 2005
Slide 23: Resolution 7: Re-elect Thomas Geitner
Resolution 7 To re-elect director: Thomas Geitner For - 99.29% Against - 0.34% Abstain - 0.37% 23 Annual General Meeting 26 July 2005
Slide 24: Resolution 8: Re-elect Dr Michael Boskin
Resolution 8 To re-elect director: Dr Michael Boskin For - 99.28% Against - 0.28% Abstain - 0.44% 24 Annual General Meeting 26 July 2005
Slide 25: Resolution 9: Re-elect Lord Broers
Resolution 9 To re-elect director: Lord Broers For - 99.39% Against - 0.27% Abstain - 0.34% 25 Annual General Meeting 26 July 2005
Slide 26: Resolution 10: Re-elect John Buchanan
Resolution 10 To re-elect director: John Buchanan For - 99.39% Against - 0.27% Abstain - 0.34% 26 Annual General Meeting 26 July 2005
Slide 27: Resolution 11: Re-elect Penny Hughes
Resolution 11 To re-elect director: Penny Hughes For - 99.38% Against - 0.28% Abstain - 0.34% 27 Annual General Meeting 26 July 2005
Slide 28: Resolution 12: Re-elect Professor Jürgen Schrempp
Resolution 12 To re-elect director: Professor Jürgen Schrempp For - 99.33% Against - 0.28% Abstain - 0.39% 28 Annual General Meeting 26 July 2005
Slide 29: Resolution 13: Re-elect Luc Vandevelde
Resolution 13 To re-elect director: Luc Vandevelde For - 99.37% Against - 0.29% Abstain - 0.34% 29 Annual General Meeting 26 July 2005
Slide 30: Resolution 14: Elect Sir John Bond
Resolution 14 To elect director: Sir John Bond For - 99.53% Against - 0.13% Abstain - 0.34% 30 Annual General Meeting 26 July 2005
Slide 31: Resolution 15: Elect Andrew Halford
Resolution 15 To elect director: Andrew Halford For - 99.48% Against - 0.15% Abstain - 0.37% 31 Annual General Meeting 26 July 2005
Slide 32: Resolution 16: Final dividend
Resolution 16 To approve the final dividend of 2.16 pence per ordinary share – giving a total for the year of 4.07 pence For - 99.55% Against - 0.05% Abstain - 0.40% 32 Annual General Meeting 26 July 2005
Slide 33: Resolution 17: Remuneration Report
Resolution 17 To approve the Remuneration Report of the Board for the year ended 31 March 2005 For - 96.23% Against - 3.00% Abstain - 0.77% 33 Annual General Meeting 26 July 2005
Slide 34: Resolution 18: Re-appoint auditors
Resolution 18 To re-appoint Deloitte & Touche as auditors to the Company until the next Annual General Meeting For - 97.22% Against - 0.69% Abstain - 2.09% 34 Annual General Meeting 26 July 2005
Slide 35: Resolution 19: Auditors' remuneration
Resolution 19 To authorise the Audit Committee to determine the remuneration of the auditors For - 99.24% Against - 0.27% Abstain - 0.49% 35 Annual General Meeting 26 July 2005
Slide 36: Resolution 20: Political donations
Resolution 20 To authorise the Company and any subsidiary of the Company to make Political Donations or incur EU Political Expenditure For - 97.56% Against - 1.89% Abstain - 0.55% 36 Annual General Meeting 26 July 2005
Slide 37: Resolution 21: Authority to allot shares
Resolution 21 To authorise the directors to allot shares For - 98.50% Against - 1.02% Abstain - 0.48% 37 Annual General Meeting 26 July 2005
Slide 38: Resolution 22: Disapply pre-emption rights
Resolution 22 To authorise the directors to disapply pre-emption rights, within institutional shareholder guidelines For - 98.71% Against - 1.04% Abstain - 0.25% 38 Annual General Meeting 26 July 2005
Slide 39: Resolution 23: Market purchases of shares
Resolution 23 To authorise the directors to make market purchases of the Company’s ordinary shares For - 97.14% Against - 0.57% Abstain - 2.29% 39 Annual General Meeting 26 July 2005
Slide 40: Resolution 24: Changes to Articles of Association
Resolution 24 To approve changes to the Company’s Memorandum and Articles of Association: indemnification of directors and officers For - 99.25% Against - 0.17% Abstain - 0.58% 40 Annual General Meeting 26 July 2005
Slide 41: Resolution 25: Vodafone Global Incentive Plan
Resolution 25 To approve the Vodafone Global Incentive Plan For - 93.89% Against - 3.96% Abstain - 2.15% 41 Annual General Meeting 26 July 2005
Slide 42: Vodafone logo