Full Year 2021 Vodafone Group PLC Earnings Call (Q&A) Transcript

May 18, 2021 / 09:00AM GMT
Nicholas Jonathan Read - Vodafone Group Plc - CEO & Executive Director

Good morning. And welcome to our results presentation. You'll see on our website that you have the full detailed presentation and now we will go into Q&A. But before we do, I just thought I'd just take a couple of minutes to just go through the key highlights.

I'm pleased with our resilient performance in FY '21 despite a very challenging period for everyone. We met all of our guidance, generated EUR 5 billion of free cash flow pre spectrum and confirmed a stable dividend of EUR 0.09. We've delivered 10 consecutive quarters of lower churn and added over 1.4 million NGN fixed broadband customers this year, exiting this year with growth.

We've also continued to drive efficiencies and achieved our EUR 1.2 billion net OpEx savings target we established 3 years ago. And we're ahead of our plan on integrating Liberty assets and have successfully IPO-ed Vantage Towers. So I would say a strong delivery across our strategic priorities.

But the world has changed around us in many, many ways, positive,

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