This theorem is simply saying that if two groups are isomorphic then corresponding equations have the same number of solutions. Intuitively, algebra over one group is the same as algebra over the other.
As for the proof: let $A$ be the set of all solutions to $x^k=b$. Since $\phi$ is a homomorphism then for any $a\in A$ we have
$$\phi(a)^k=\phi(a^k)=\phi(b)$$
meaning $\phi(a)$ is a solution to $x^k=\phi(b)$. And therefore the image $\phi(A)$ is a subset of all solutions to $x^k=\phi(b)$.
On the other hand if $q\in G'$ is a solution to $x^k=\phi(b)$ then since $\phi$ is an isomorphism we have
$$q=\phi(\phi^{-1}(q))$$
and
$$\phi(b)=q^k=\phi(\phi^{-1}(q')^k)$$
meaning $b=\phi^{-1}(q')^k$ and thus $q\in\phi(A)$. All in all $\phi(A)$ is equal to the set of all solutions to $x^k=\phi(b)$. Finally since $\phi$ is an isomorphism then $A$ is equinumerous with $\phi(A)$. $\Box$