Interim Results - Part 6

Vodafone Group Plc 16 November 2004 Vodafone Group Interim Results For the six months ended 30 September 2004 PART 6 VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS BUSINESSES PROPORTIONATE CUSTOMERS - 1 APRIL 2004 TO 30 SEPTEMBER 2004 QUARTER TO 30 JUNE 2004 -------------------------------------------------- COUNTRY PERCENTAGE AT 1 APR NET STAKE AT 30 JUNE OWNERSHIP 2004 ADDITIONS CHANGES 2004 (1) (%) ('000s) ('000s) ('000s) ('000s) UK & IRELAND UK 100.0% 14,095 132 - 14,227 Ireland 100.0% 1,864 17 - 1,881 TOTAL 15,959 149 - 16,108 NORTHERN EUROPE Germany 100.0% 25,012 462 - 25,474 Hungary(2) 92.8% 1,255 72 - 1,327 Netherlands 99.9% 3,399 55 - 3,454 Sweden 100.0% 1,438 41 - 1,479 Others 9,483 114 - 9,597 TOTAL 40,587 744 - 41,331 SOUTHERN EUROPE Italy 76.8% 16,232 205 - 16,437 Albania 99.7% 527 22 - 549 Greece 99.4% 3,655 (14) - 3,641 Malta 100.0% 161 1 - 162 Portugal 100.0% 3,248 72 - 3,320 Spain 100.0% 9,705 251 - 9,956 Others 738 84 - 822 TOTAL 34,266 621 - 34,887 AMERICAS United States(5) 44.4% 17,257 682 - 17,939 TOTAL 17,257 682 - 17,939 ASIA PACIFIC Japan(2) 98.2% 10,427 77 2,698 13,202 Australia 100.0% 2,486 12 - 2,498 New Zealand 100.0% 1,607 68 - 1,675 Others(2) 4,969 278 - 5,247 TOTAL 19,489 435 2,698 22,622 MIDDLE EAST AND AFRICA Egypt 67.0% 1,924 86 - 2,010 Others 3,939 359 - 4,298 TOTAL 5,863 445 - 6,308 GROUP TOTAL 133,421 3,076 2,698 139,195 ------- ------- ------- ------- VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS BUSINESSES PROPORTIONATE CUSTOMERS - 1 APRIL 2004 TO 30 SEPTEMBER 2004 CONT. QUARTER TO 30 SEPTEMBER 2004 --------------------------------------------------- COUNTRY PERCENTAGE NET STAKE AT 30 PREPAID OWNERSHIP ADDITIONS CHANGES SEPT 2004 (4) (1) (2)(3) (%) ('000s) ('000s) ('000s) (%) UK & IRELAND UK 100.0% 373 - 14,600 60% Ireland 100.0% 9 - 1,890 72% TOTAL 382 - 16,490 61% NORTHERN EUROPE Germany 100.0% 618 - 26,092 51% Hungary(2) 92.8% 94 77 1,498 79% Netherlands 99.9% 83 - 3,537 57% Sweden 100.0% 51 - 1,530 39% Others 187 209 9,993 48% TOTAL 1,033 286 42,650 50% SOUTHERN EUROPE Italy 76.8% 217 - 16,654 92% Albania 99.7% 38 - 587 97% Greece 99.4% 63 - 3,704 67% Malta 100.0% 3 - 165 91% Portugal 100.0% 168 - 3,488 73% Spain 100.0% 496 - 10,452 55% Others 56 - 878 66% TOTAL 1,041 - 35,928 77% AMERICAS United States(5) 44.4% 747 - 18,686 6% TOTAL 747 - 18,686 6% ASIA PACIFIC Japan(2) 98.2% 64 1,585 14,851 11% Australia 100.0% 151 - 2,649 59% New Zealand 100.0% 82 - 1,757 79% Others(2) 297 877 6,421 69% TOTAL 594 2,462 25,678 65% MIDDLE EAST AND AFRICA Egypt 67.0% 132 - 2,142 81% Others 349 472 5,119 89% TOTAL 481 472 7,261 87% GROUP TOTAL 4,278 3,220 146,693 59% ------- ------- ------- ---- (1) All ownership percentages are stated as at 30 September 2004 and exclude options, warrants or other rights or obligations of the Group to increase or decrease ownership in any venture. Ownership interests have been rounded to the nearest tenth of one percent. (2) Represents a stake increase of 4.9% in Vodafone Hungary from 87.9% to 92.8%, the acquisition of Chinese provincial network operators by China Mobile during the quarter and an effective stake increase of 10.5% in Vodafone Japan from 87.7% to 98.2%. On 1 October 2004, the merger of Vodafone K.K. and Vodafone Holdings K.K. was completed and the Group now has a 97.7% stake in the merged company, renamed Vodafone K.K. (3) Stake changes for the quarter to 30 September 2004 includes 681,000 proportionate customers in subsidiaries of the Group's associated undertakings in France and South Africa which had previously not been included in the Group's proportionate customer base. At 30 September 2004, the Group's associate in France had 209,000 proportionate customers in its subsidiaries in La Reunion and La Mayotte and the Group's associate in South Africa had 472,000 proportionate customers in its investments in the Democratic Republic of the Congo, Lesotho, Mozambique and Tanzania. (4) Prepaid customer percentages are calculated on a venture basis. At 30 September 2004, there were 398.5 million total venture customers. (5) 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 98.6% at 30 September 2004. In the absence of acquired interests, this proportionate ownership will vary slightly from quarter to quarter depending on the underlying mix of net additions across each of these networks. VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS BUSINESSES VENTURE VODAFONE LIVE! CUSTOMERS QUARTER TO 30 JUNE 2004 QUARTER TO 30 SEPTEMBER 2004 ---------------------------------- ----------------------------- COUNTRY AT 1 APR NET AT 30 JUN NET AT 30 SEP 2004 ADDITIONS 2004 ADDITIONS 2004 ('000s) ('000s) ('000s) ('000s) ('000s) Germany 2,358 623 2,981 589 3,570 Italy 1,024 262 1,286 357 1,643 Spain 625 387 1,012 484 1,496 UK 1,535 447 1,982 421 2,403 Other 1,300 453 1,753 616 2,369 Controlled Total 6,842 2,172 9,014 2,467 11,481 ------ ------ ------ ------ ------ Vodafone Japan rebranded its J-Sky service to Vodafone live! on 1 October 2003. The service has become more closely aligned with the Vodafone live! experience in other countries. There were 13.0 million registered Vodafone live! venture customers in Japan at 30 September 2004 (30 June 2004: 13.0 million; 31 March 2004: 13.0 million) which have been excluded from the table above. The table above only includes Vodafone live! venture customers in our controlled operations. There were an additional 1.8 million registered Vodafone live! venture customers in our non-controlled associated undertakings at 30 September 2004 (30 June 2004: 1.3 million; 31 March 2004: 0.7 million). CONTROLLED ACTIVE CUSTOMER INFORMATION AS AT 30 SEPTEMBER 2004 CONTROLLED ACTIVE CUSTOMERS AS AT --------------------------------------------------------- COUNTRY SEPT 2003 DEC 2003 MARCH 2004 JUNE 2004 SEPT 2004 (%) (%) (%) (%) (%) --------- -------- ---------- --------- --------- Germany 92 92 93 93 92 Italy 94 93 93 92 92 Japan 98 98 97 97 97 Spain 94 95 96 97 92 UK 91 91 91 91 91 Controlled Total 93 93 94 93 93 --------- -------- ---------- --------- --------- VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS BUSINESSES MONTHLY REGISTERED BLENDED ARPU FOR THE 15 MONTHS TO 30 SEPTEMBER 2004 Country Jul Aug Sep Oct Nov Dec Jan Feb Mar 2003 2003 2003 2003 2003 2003 2004 2004 2004 Germany EUR 27.9 26.7 27.0 27.0 24.9 25.4 24.5 23.2 26.2 Italy EUR 32.2 29.7 31.1 31.1 29.0 30.4 29.6 27.8 30.6 Japan JPY 7,130 7,030 6,710 6,760 6,460 6,690 6,360 6,100 6,560 Spain EUR 34.8 32.7 32.2 32.6 29.5 31.8 30.6 29.3 33.0 UK(1) GBP 25.7 24.2 25.6 26.8 26.0 26.2 27.0 24.1 28.3 Country Apr May Jun Jul Aug Sep 2004 2004 2004 2004 2004 2004 Germany EUR 25.0 25.5 25.8 26.4 25.9 25.7 Italy EUR 29.9 30.1 30.8 31.0 29.6 30.2 Japan JPY 6,300 6,150 6,150 6,470 6,380 6,210 Spain EUR 32.9 33.9 35.4 38.5 36.4 35.2 UK(1) GBP 25.3 27.8 26.8 27.3 26.8 25.8 ARPU INFORMATION FOR THE 12 MONTH PERIOD TO 30 SEPTEMBER 2004 ARPU --------------------------------------------------------------- REGISTERED REGISTERED REGISTERED COUNTRY CURRENCY PREPAID CONTRACT TOTAL UK & IRELAND UK(1) GBP 129 580 318 Ireland EUR 366 1,170 596 NORTHERN EUROPE Germany EUR 125 485 305 Hungary HUF 41,726 156,752 62,558 Netherlands EUR 159 870 466 Sweden SEK 836 5,749 4,091 SOUTHERN EUROPE Italy EUR 306 924 360 Albania ABL 20,722 299,785 29,134 Greece EUR 211 768 390 Malta MTL 97 920 170 Portugal EUR 192 687 336 Spain EUR 177 680 400 ASIA PACIFIC Japan JPY N/A N/A 76,590 Australia AUD 338 944 614 New Zealand NZD 349 1,817 661 MIDDLE EAST AND AFRICA Egypt EGP 794 3,070 1,223 ARPU - HISTORY REGISTERED TOTAL ARPU FOR THE 12 MONTH PERIOD TO --------------------------------------------------------- COUNTRY CURRENCY SEPTEMBER DECEMBER MARCH JUNE SEPTEMBER 2003 2003 2004 2004 2004 --------- -------- ----- ---- ---------- Germany EUR 312 311 310 309 305 Italy EUR 355 359 361 362 360 Japan JPY 84,818 82,917 80,695 78,365 76,590 Spain EUR 368 369 377 389 400 UK(1) GBP 297 303 309 314 318 --------- -------- ----- ---- ---------- (1) During the period from 1 October 2002 to 31 March 2003, Vodafone UK operated under interim commercial terms with one of its service providers. Final terms were agreed in April 2003. Recognising revenue on a consistent basis during the interim period to the bases before and after this period would result in additional service revenue of £74 million. For consistency and comparability purposes, this revenue has been included in the calculation of UK ARPU but have been excluded from Group turnover in accordance with UK GAAP. The impact of the inclusion of these amounts has been to increase ARPU for the 12 months to September 2003 and December 2003 from £292 and £300 to £297 and £303 respectively. VODAFONE GROUP PLC - MOBILE TELECOMMUNICATIONS BUSINESSES NON-VOICE SERVICES AS A PERCENTAGE OF SERVICE REVENUE 12 MONTH PERIOD TO 30 SEPTEMBER 2004 ----------------------------------------------------- COUNTRY MESSAGING DATA TOTAL ------------------ ------------- ------------- ------------- Germany 15.3% 2.3% 17.6% Italy 12.8% 1.3% 14.1% Japan 7.5% 14.3% 21.8% Spain 11.0% 1.4% 12.4% UK 14.8% 2.5% 17.3% Statutory Total 12.1% 4.4% 16.5% Proportionate Total 10.2% 3.4% 13.6% ------------------ ------------- ------------- ------------- NON-VOICE SERVICES AS A PERCENTAGE OF SERVICE REVENUE - HISTORY 12 MONTH PERIOD TO --------------------------------------------------------- COUNTRY SEPTEMBER DECEMBER MARCH JUNE SEPTEMBER 2003 2003 2004 2004 2004 --------- ---------- ---------- ---------- ---------- Germany 17.0% 17.2% 17.4% 17.4% 17.6% Italy 12.2% 12.7% 13.3% 13.5% 14.1% Japan 21.3% 21.8% 21.9% 21.9% 21.8% Spain 10.4% 11.0% 11.4% 11.8% 12.4% UK 15.0% 15.5% 16.1% 16.6% 17.3% Statutory Total 15.5% 15.9% 16.1% 16.3% 16.5% Proportionate Total 12.2% 12.5% 13.0% 13.3% 13.6% --------- ---------- ---------- ---------- ---------- CUSTOMER CHURN TOTAL CUSTOMER CHURN FOR THE 12 MONTH PERIOD TO COUNTRY SEPTEMBER DECEMBER MARCH JUNE SEPTEMBER 2003 2003 2004 2004 2004 ---------- ---------- ---------- ---------- --------- Germany 19.1% 19.3% 18.7% 18.1% 18.0% Italy 17.2% 17.1% 16.7% 16.6% 16.5% Japan 23.4% 23.0% 23.0% 23.1% 22.8% Spain 23.8% 23.4% 23.6% 23.8% 23.6% UK 29.3% 29.6% 29.6% 29.6% 29.5% United States 23.2% 21.9% 20.5% 19.7% 18.7% ---------- ---------- ---------- ---------- --------- PROFORMA FINANCIAL INFORMATION FOR THE SIX MONTHS TO 30 SEPTEMBER 2004 In October 2004, the Company announced a new organisational structure effective on 1 January 2005. Pro forma results under the new reporting structure are as follows: Turnover Six months ended Six months ended Year ended 30 Sept 2004 30 Sept 2003 31 March 2004 Inter- Inter- Inter- Segment segment Net Segement segment Net Segment segment Net turnover turnover turnover turnover turnover turnover turnover turnover turnover £m £m £m £m £m £m £m £m £m Mobile telecommunications: Germany 2,808 (25) 2,783 2,773 (19) 2,754 5,536 (42) 5,494 Italy 2,723 (24) 2,699 2,634 (22) 2,612 5,312 (36) 5,276 UK 2,563 (22) 2,541 2,167 (17) 2,150 4,782 (38) 4,744 Other EMEA - subsidiaries 4,189 (74) 4,115 3,790 (62) 3,728 7,627 (116) 7,511 - Spain 1,554 1,330 2,686 - Other 2,663 2,485 4,983 - Intra-segment turnover (28) (25) (42) Asia Pacific 4,227 (2) 4,225 4,464 (2) 4,462 8,896 (6) 8,890 - Japan 3,689 3,974 7,850 - Other 541 492 1,052 - Intra-segment turnover (3) (2) (6) 16,510 (147) 16,363 15,828 (122) 15,706 32,153 (238) 31,915 ------- ------ ------ ------- ------ ------ ------- ------ ------ Other operations: Germany 513 - 513 481 - 481 1,002 - 1,002 Asia Pacific - - - 1,126 - 1,126 1,126 - 1,126 ------------------------- --------------------------- --------------------------- 513 - 513 1,607 - 1,607 2,128 - 2,128 ------------------------- --------------------------- --------------------------- Turnover between mobile and other operations (80) (414) (484) ------- ------- ------- Group turnover 16,796 16,899 33,559 ======= ======= ======= Total Group operating profit / (loss) before goodwill amortisation and exceptional items Six months to Six months to Year ended 30 September 30 September 31 March 2004 2003 2004 £m £m £m Mobile telecommunications: Germany 876 911 1,741 Italy 1,127 1,113 2,143 UK 491 549 1,098 Other EMEA - subsidiaries 1,095 1,023 1,908 Spain 397 384 703 Other 698 639 1,205 Other EMEA - affiliates 662 647 1,234 Asia Pacific 534 736 1,212 Japan 454 672 1,045 Other 80 64 167 Americas 885 705 1,393 ----- ----- ----- 5,670 5,684 10,729 ----- ----- ----- Other operations: Germany 20 (45) (58) Other EMEA (5) 4 (1) Asia Pacific - 79 79 ----- ----- ----- 15 38 20 ----- ----- ----- Group 5,685 5,722 10,749 ===== ===== ===== This information is provided by RNS The company news service from the London Stock Exchange

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