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The way ahead? - Vodafone

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10<br />

<strong>Vodafone</strong> Group Plc<br />

Annual Report 2013<br />

Simple, but<br />

thorough…<br />

Our objectives could not be more simple:<br />

to continue to invest in a superior network and<br />

customer experience, and to sustain high levels<br />

of cash generation with which we can reward<br />

shareholders and reinvest in the business –<br />

so maintaining that virtuous circle.<br />

Business model<br />

Assets<br />

Supplier relationships<br />

Networks<br />

Distribution<br />

People<br />

Brand<br />

Reinvestment<br />

in the business<br />

Customers<br />

Shareholder<br />

remuneration<br />

Cash flow<br />

Revenue<br />

Key risks<br />

More on:<br />

Business model<br />

Pages 22 and 23<br />

Principal risks<br />

Pages 46 to 49<br />

We have a rigorous process for monitoring<br />

and managing risk, which feeds directly into<br />

our business and financial strategy.<br />

To read more on risks, turn to page 46.

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