Key Performance Indicators
Vodafone Group PLC
29 January 2002
29 January 2002
QUARTERLY KPIs SHOW OVER 4.2M NEW CUSTOMERS; CONTINUED ARPU STABILISATION
AND UPWARD TREND IN DATA
Vodafone Group Plc ('Vodafone') today announces key performance indicators for
the three month period to 31 December 2001. The main highlights are:
• Strong customer growth with over 4.2m proportionate net new customer
additions, resulting in 99.9m proportionate customers and over 222m venture
customers
• Registered blended average revenue per user ('ARPU') remains stable in
major markets with a less than expected seasonal effect
• Data revenue rose to over 12% of service revenues for the Group's
controlled operations in December and over 10% in the year to date
• Exceptional net customer growth in Italy achieved with 12 month rolling
ARPU unchanged
• Good quality of customer growth in the UK and strong growth in data
revenues increasing to almost 13% in December and more than 10% for the year to
date
• Strong contract customer growth in Germany with expected levels of
prepaid churn
• Continued focus on value customers
Sir Christopher Gent, Chief Executive of Vodafone, commented: 'This quarter, we
have both continued to improve the mix of our customer base and achieved a
better than anticipated level of customer growth. Adjusting for the seasonal
effect, ARPU continues to stabilise and data in our controlled properties is now
contributing double-digit percentage levels to service revenues.
'In the year ahead, we expect some improvement in ARPU, as activity levels
increase following the heavy period of customer growth in the last year, and as
further voice and data services are introduced in our markets.'
Customer Growth
Overall, more than 4.2 million registered proportionate new customers were added
in the quarter, 3.1 million organically with just over 1 million through stake
increases, primarily in J-Phone Vodafone in Japan. The quality of growth in the
quarter continued to improve the overall customer mix as more higher value
contract customers were added to the base. Activity levels, which were similar
to the previous quarter, are expected to improve as the long term churn policies
typical in countries such as Germany and Italy start to take effect.
Registered Blended ARPU
Registered blended ARPU continues to stabilise, allowing for the normal seasonal
impact with a lower number of working days, in countries with a larger
percentage of corporate customers. The good ARPU performance in Italy in the
Christmas quarter reflects the higher percentage of consumer customers in the
base.
Data as a Percentage of Service Revenues
Data as a percentage of revenues continues to grow on a like-for-like basis with
the Group's controlled operations recording over 10% in the year to December and
over 12% in the month of December. Strong improvements were recorded in the UK
and also in Italy where data revenues benefited from a successful Christmas
messaging campaign.
- ends -
For further information:
Vodafone Group Plc
Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Head of Group Investor Relations
Bobby Leach, Head of Group Financial Media Relations
Jon Earl, Senior Investor Relations Manager
Darren Jones, Senior Investor Relations Manager
Tel: +44 (0) 1635 673310
Tavistock Communications
Lulu Bridges / John West
Tel: +44 (0) 20 7600 2288
Important Information Concerning Certain Statements in this Press Release.
This press release contains forward-looking statements concerning the future
revenues of Vodafone and some of our plans and objectives with respect to these
items. By their nature, forward-looking statements are inherently predictive
and involve risk and uncertainty because they relate to events and depend on
circumstances that will occur in the future, many of which are beyond our
control. There are a number of factors that could cause actual results and
developments to differ materially from those expressed or implied by these
forward-looking statements. These factors include, but are not limited to,
changes in economic conditions in markets served by the operations of Vodafone
and its subsidiaries (together, the 'Vodafone Group') and other changes that
would adversely affect the level of demand for mobile telephone services,
greater than anticipated costs associated with developing such networks and/or
providing such services, delays, impediments or other problems associated with
the roll-out and scope of GPRS and/or 3G technology, networks and services, the
obsolescence of existing technology, the possibility that technologies will not
perform according to expectations or that vendors' performances will not meet
Vodafone's requirements, including the delivery and performance of GPRS handsets
and other key products from our suppliers, the ability of the Vodafone Group to
develop competitive data content and services, the ability to enter into
strategic partnerships with suppliers and the ability to realise benefits from
entering into any such partnerships, changes in the regulatory framework in
which the Vodafone Group operates, including regulatory actions in connection
with pending or future acquisitions. All subsequent written or oral
forward-looking statements attributable to Vodafone or any of its subsidiaries
or persons acting on their behalf are expressly qualified in their entirety by
the factors referred to above. Vodafone undertakes no obligation to, and does
not intend to, update these forward-looking statements.
VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS BUSINESSES
QUARTERLY PROPORTIONATE NET CUSTOMER ADDITIONS - 1 OCTOBER 2001 TO 31 DECEMBER
2001
CUSTOMER BASE
PERCENTAGE AT START NET STAKE AT END OF PERCENTAGE
COUNTRY OPERATOR OWNERSHIP 1 OF PERIOD ADDITIONS CHANGES 2 PERIOD PREPAID 4
(%) (thousands) (thousands) (thousands) (thousands) (%)
NORTHERN EUROPE
UK Vodafone 100.0 12,799 365 - 13,164 63
Ireland Eircell Vodafone 100.0 1,611 90 - 1,701 72
Netherlands Vodafone 70.0 2,256 6 - 2,262 65
Sweden Europolitan 71.1 762 26 - 788 26
Vodafone
Others 4,713 232 1 4,946 51
TOTAL 22,141 719 1 22,861 57
CENTRAL EUROPE
Germany Vodafone D2 99.7 21,787 25 12 21,824 59
Hungary Vodafone 59.4 169 83 31 283 91
Others 1,498 21 - 1,519 40
TOTAL 23,454 129 43 23,626 55
SOUTHERN EUROPE
Greece Vodafone 52.8 1,423 100 - 1,523 72
Italy Omnitel Vodafone 76.5 12,738 592 5 13,335 91
Malta Vodafone 80.0 105 10 - 115 93
Portugal Vodafone 50.9 * * - * *
Spain Vodafone 91.6 6,824 171 - 6,995 55
Albania Vodafone 76.9 41 50 - 91 99
Others * * - * *
TOTAL 22,815 1,061 5 23,881 78
AMERICAS
United Verizon Wireless 44.2 12,658 335 - 12,993 6
States 3
Others 590 51 - 641 78
TOTAL 13,248 386 - 13,634 11
ASIA PACIFIC
Japan J-Phone Vodafone 69.7 6,726 370 1,012 8,108 4
Australia Vodafone 95.5 1,991 35 - 2,026 36
New Zealand Vodafone 100.0 1,077 (33) - 1,044 77
Others 1,439 145 - 1,584 51
TOTAL 11,233 517 1,012 12,762 45
MIDDLE EAST AND AFRICA
Egypt Vodafone 60.0 844 117 - 961 89
Others 1,879 254 - 2,133 83
TOTAL 2,723 371 - 3,094 84
GROUP TOTAL 95,614 3,183 1,061 99,858 50
1. All ownership percentages are stated as of 31 December 2001 and exclude
options, warrants or other rights or obligations of Vodafone Group Plc to
increase or decrease ownership in any venture. Ownership interests have been
rounded to the nearest tenth of one percent.
2. Represents the acquisition of certain minority interests in Vodafone AG
(formerly Mannesmann AG) during the period and the increased interest in J-Phone
following completion of the Japan Telecom tender offer on 12 October 2001.
3. The Group's proportionate customer base has been adjusted for Verizon
Wireless's proportionate ownership of its customer base across all its network
interests of approximately 98.2%. In the absence of acquired interests, this
proportionate ownership will vary slightly from quarter to quarter dependent on
the underlying mix of net additions across each of these networks.
4. Prepaid customer percentages are calculated on a venture basis.
* Listed subsidiary still to report
VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS BUSINESSES
CONTROLLED ACTIVE CUSTOMER INFORMATION AS AT 31 DECEMBER 2001
CONTROLLED ACTIVE 1 CONTROLLED
COUNTRY OPERATOR PREPAID CONTRACT TOTAL INACTIVE
(%) (%) (%) (%)
NORTHERN EUROPE
UK Vodafone+ 75 99 84 16
Ireland Eircell Vodafone 97 98 97 3
Netherlands Vodafone 89 99 92 8
Sweden Europolitan 84 91 89 11
Vodafone+
TOTAL 80 98 87 13
CENTRAL EUROPE
Germany Vodafone D2 88 95 91 9
Hungary Vodafone+ 93 99 94 6
TOTAL 88 95 91 9
SOUTHERN EUROPE
Greece Vodafone+ 71 92 77 23
Italy Omnitel Vodafone 93 91 93 7
Malta Vodafone 94 99 94 6
Portugal Vodafone * * * *
Spain Vodafone 87 94 90 10
Albania Vodafone 2 N/A N/A N/A N/A
TOTAL 90 94 90 91
ASIA PACIFIC
Japan J-Phone Vodafone 2 N/A N/A N/A N/A
Australia Vodafone 88 95 92 8
New Zealand Vodafone 97 99 97 3
TOTAL 92 95 94 6
MIDDLE EAST AND AFRICA
Egypt Vodafone 96 94 96 4
TOTAL 96 94 96 4
CONTROLLED GROUP TOTAL 87 95 90 10
1. Active customers are defined as customers who have made or received a
chargeable event in the last three months or, where information is not
available, defined as customers who have made a chargeable event in the last
three months (indicated by +).
2. No customer activity information is presently available in either Albania,
where network services commenced in August 2001, or Japan where the agreed
tender offer for Japan Telecom completed on 12 October 2001. In both these
networks, systems are being enabled to report customer activity in the near
future.
* Listed subsidiary still to report.
VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS BUSINESSES
MONTHLY REGISTERED BLENDED ARPU FOR THE 12 MONTHS TO 31 DECEMBER 2001
Operator Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Vodafone D2 EUR 27 24 27 24 25 25 26 26 25 26 24 24
Omnitel Vodafone EUR 27 25 29 27 28 29 30 28 27 28 26 27
J-Phone Vodafone JPY 8,100 8,600 7,200 8,100 7,600 7,800 7,600 8,200 7,900 7,500 7,900 7,700
Vodafone UK GBP 23 23 24 21 23 23 23 23 23 23 23 21
ARPU INFORMATION FOR THE 12 MONTH PERIOD TO 31 DECEMBER 2001 1
ARPU 2
COUNTRY OPERATOR LOCAL REGISTERED REGISTERED REGISTERED
CURRENCY PREPAID CONTRACT TOTAL
NORTHERN EUROPE
UK Vodafone GBP 132 530 274
Netherlands Vodafone EUR * * *
Sweden Europolitan SEK * 6,623 5,310
Vodafone
CENTRAL EUROPE
Germany Vodafone D2 EUR 112 572 303
Hungary Vodafone HUF 35,160 206,597 53,316
SOUTHERN EUROPE
Greece Vodafone EUR * * *
Italy Omnitel EUR 286 765 332
Vodafone
Malta Vodafone MTL 99 911 183
Portugal Vodafone EUR * * *
Spain Vodafone EUR 140 653 369
ASIA PACIFIC
Japan J-Phone JPY N/A N/A 94,331 3
Vodafone
Australia Vodafone AUD 284 885 684
New Zealand Vodafone NZD 285 1,801 637
MIDDLE EAST AND AFRICA
Egypt Vodafone EGP 966 2,621 1,173
1. Vodafone introduced a new industry measurement of active customers in March
2001. As there is no historical information prior to 31 March 2001, Vodafone
will include active ARPU numbers when it has a history of performance for a
proper basis of comparison. However, the underlying levels of active customer
spend continue to be higher than the reported registered ARPU.
2. ARPU is calculated for the 12 month period to 31 December 2001 and excludes
handset revenues and connection fees.
3. This number is not directly comparable to the 12 months to September ARPU
number previously disclosed, which included a degree of estimated information up
to and including December 2000. The basis for reporting ARPU by J-Phone
Vodafone has now been more closely aligned to the Group's methodology
* Listed subsidiary still to report.
VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS BUSINESSES
NON-VOICE SERVICES AS A PERCENTAGE OF SERVICE REVENUES
PROPORTIONATE BASIS
12 MONTHS TO 31 DECEMBER 2001 DECEMBER 2001 (MONTH ONLY)
COUNTRY OPERATOR MESSAGING INTERNET TOTAL MESSAGING INTERNET TOTAL
DATA DATA DATA DATA DATA DATA
NORTHERN EUROPE
UK Vodafone 1 9.0% 1.1% 10.1% 12.1% 0.8% 12.9%
Others 5.2% 0.2% 5.4% 7.4% 0.3% 7.7%
TOTAL 7.4% 0.7% 8.1% 10.0% 0.6% 10.6%
CENTRAL EUROPE
Germany Vodafone D2 13.9% 0.4% 14.3% 14.2% 0.4% 14.6%
Others 6.3% 0.2% 6.5% 8.2% 0.5% 8.7%
TOTAL 13.0% 0.4% 13.4% 13.5% 0.4% 13.9%
SOUTHERN EUROPE
Italy Omnitel Vodafone 8.0% 0.2% 8.2% 10.8% 0.3% 11.1%
Others 7.6% 0.1% 7.7% 7.9% 0.1% 8.0%
TOTAL 7.8% 0.2% 8.0% 9.5% 0.2% 9.7%
AMERICAS
United States Verizon Wireless - 0.5% 0.5% 0.1% 0.5% 0.6%
Others - - - - - -
TOTAL - 0.5% 0.5% 0.1% 0.5% 0.6%
ASIA PACIFIC
Japan J-Phone 4.6% 7.7% 12.3% 5.1% 8.7% 13.8%
Vodafone 2
Others 5.5% 0.2% 5.7% 6.3% 0.3% 6.6%
TOTAL 4.8% 6.0% 10.8% 5.3% 7.1% 12.4%
MIDDLE EAST AND AFRICA 3.1% - 3.1% 4.2% - 4.2%
PROPORTIONATE GROUP TOTAL 3 6.5% 1.3% 7.8% 7.6% 1.7% 9.3%
STATUTORY BASIS
CONTROLLED GROUP TOTAL 3 9.1% 1.0% 10.1% 9.6% 2.6% 12.2%
1. With effect from the quarter ended 31 December 2001, the UK now reports SMS
interconnect revenue and certain other data revenues as part of non-voice
revenues, having previously been included in voice revenues. The annual and
monthly percentages for September 2001 on this new basis were 8.9% and 11.3%
respectively compared to the previously reported 8.0% and 9.2% respectively.
2. The basis for reporting data revenues by J-Phone has been more closely
aligned to the Group's methodology. Previously, data revenues had been
estimated on the basis of volume of data traffic whereas it is now reported on
the basis of data billed to customers. The impact of this alignment to the
Group's methodology has been to reduce the previously reported annual and
monthly percentages for September 2001 of 11.8% and 14.6% respectively to 10.5%
and 12.5% respectively.
3. The impact of the above changes in (1) and (2) above on the previously
reported Group percentages were to leave the proportionate Group total annual
and monthly percentages for September 2001 unchanged at 7.1% and 8.4%
respectively and to increase the statutory controlled Group total annual and
monthly percentages for September 2001 from 9.1% and 9.9% respectively to 9.2%
and 10.3% respectively.
This information is provided by RNS
The company news service from the London Stock Exchange