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Highlights

Our performance

“The last 14 months have been seminal for the Vodacom Group. We concluded our BBBEE transaction and acquired the leading pan-African carrier services and connectivity provider, Gateway. We said farewell to one of our founding shareholders, Telkom, and became a subsidiary of the other, Vodafone, making us part of the world’s leading mobile communications group, and we listed on the JSE Limited.

In the 12 months to 31 March 2009, notwithstanding the detailed preparation and intense focus required by these defining events and the pervasive impacts of an unprecedented economic downturn, Vodacom demonstrated its quality and resilience. The Group delivered a solid set of results and we made steady progress in our strategy to be a leading provider of total communications in sub-Saharan Africa.”

- Pieter Uys, CEO, Vodacom Group

Group highlights

  • 16.5% growth in group customers to 39.6 million
  • 10.5% growth in group EBITDA to R18.2 billion
  • 28.8% growth in group data revenue to R6.4 billion
  • BBBEE transaction completed in South Africa in October 2008
  • Acquired Gateway on 30 December 2008
  • Listed on the JSE Limited on 18 May 2009
  • R500 million spend by Vodacom Foundation in its first ten years

Financial information summary

    Year ended 31 March % change
  Rm 2009   2008 2007   08/09   07/08  
  Revenue 55 187   48 178 41 146   14.5   17.1  
  EBITDA1 18 196   16 463 14 227   10.5   15.7  
  Operating profit 12 005   12 491 10 860   (3.9)   15.0  
  Adjusted operating profit2 13 387   12 491 10 860   7.2   15.0  
  Net profit 6 192   7 958 6 560   (22.2)   21.3  
  Operating free cash flow 9 140   9 803 8 009   (6.8)   22.4  
  Capital expenditure 6 906   5 916 6 748   16.7   (12.3)  
  Net debt 17 537   8 663 6 027   102.4   43.7  
  Total assets 47 359   34 175 28 470   38.6   20.0  
  Headline earnings per share (cents) 417   528 426   (21.0)   23.9  

1 Earnings before interest, taxation, depreciation, amortisation, profit/loss on disposal of investments and on disposal of property, plant and equipment, investment properties and intangible assets and the BBBEE charge
2 Adjusted operating profit excludes the BBBEE charge of R1 382 million

Group customers Group data revenue
   
Group revenue Group EBITDA
   
Group capital expenditure Group operating free cash flow