VODAF - Vodacom Group Limited (VODAF) Q4 2024 Earnings Call Transcript
2024-05-13 16:41:04 ET
Vodacom Group Limited (VODAF)
Q4 2024 Earnings Call Transcript
May 13, 2024 10:00 AM ET
Company Participants
JP Davids - Head of Investor Relations
Shameel Joosub - Chief Executive Officer
Raisibe Morathi - Chief Financial Officer
Conference Call Participants
Presentation
Operator
Good morning, everyone and welcome to Vodacom's FY 2024 Annual Results and Strategy Update. It also happens to be our 30th anniversary this year and hence the lovely video we introed with. We're going to have a presentation now from Shameel and Raisibe and then we will join you on stage for Q&A. Enjoy.
Shameel Joosub
Welcome to our strategy update and annual results highlights for the year ended 31st of March 2024. Vodacom is celebrating our 30th anniversary and as I reflect on our past journeys over the past three decades, I am filled with a profound sense of gratitude to have been part of the Vodacom growth journey. From our humble beginnings in South Africa, providing network connectivity for calls and SMSs, we now reach more than 200 million customers across eight countries through innovative digital and financial services with the power to change lives.
While I reflect proudly on the milestones we have achieved, it is our ongoing purpose to connect for a better future and drive inclusion that fuels my passion to lead this company. This year, we simplified and evolved our purpose to focus on empowering people and protecting the planet. This is underpinned by our commitment to maintain trust in anything we do. This evolution from our previous three-pillar-purpose approach reflects the importance of creating a digital society that is inclusive and sustainable.
With connectivity at our core and supported by innovative new rural funding partnerships, we remain committed to closing the digital divide. This year, we rolled out an additional 2,300 4G base stations across our markets. 4G sites across our international businesses were up 21%. To empower people, we actively explore new ways to increase smartphone penetration and data connectivity services to promote digital inclusion. Our groundbreaking prepaid device financing bundles are being piloted across our markets. We believe this model can help close the digital gap for the 90 million customers in our base without a smartphone.
Our Tech for Good platforms diversify our revenues and drive societal benefit. We actively contribute to creating a digital society by developing solutions across critical verticals, including education, healthcare and agriculture. In Egypt, we partnership with the government to digitize the country's health care system, which has more than 300 hospitals and serves more than 6 million people across Egypt. Agricultural productivity is vital for Africa's economic future. We partner with our businesses Mezzanine, M-Pesa and IoT.next to enhance productivity through the efficient distribution of inputs, access to insurance and funding, connecting farmers with buyers and facilitating payments and subsidies.
Mezzanine's Evuna, My FarmWeb and e-vouchering solutions reach over 6 million beneficiaries. In Tanzania, the Mkulima Agricultural platform, which is integrated with M-Pesa, with over 3 million registered farmers. Beyond our efforts to close the digital divide and drive financial inclusion, we aim to positively impact communities in the areas in which we operate, focusing on youth, the underserved, marginalized people, and victims of natural disasters. We continue to scale our Code Like a Girl program to promote women empowerment through technological inclusion, reaching 16,000 young women in Africa....
Vodacom Group Limited (VODAF) Q4 2024 Earnings Call Transcript