FY24 Results Presentation

FY25 guidance ⫶ A transition year with portfolio right-sizing ( € billion) Adjusted EBITDAaL Adjusted FCF

FY25 considerations • Expected net cash inflow from discontinued operations (Vodafone Italy and Vodafone Spain) of c. € 0.4bn is excluded from FY25 guidance

FY24 guidance

c.13.3

c.3.3

FY24 outcome – guidance basis 1,2

13.4

3.5

Impact of exchange rates

(0.3)

(0.2)

FY24 actual – constant portfolio

13.1

3.3

Impact of discontinued operations

(2.1)

(0.8)

Impact of exchange rates

(0.3)

(0.1)

Currency

FY25 guidance rate

FY24 re-based 2,3,4

10.7

2.4

ZAR TRY EGP GBP

20.58 34.98 51.75 0.86

at least € 2.4bn

FY25 guidance 2,3,5

c. € 11bn

FY24 results ⫶ May 2024

1. FY24 outcome including Vodafone Spain & Vodafone Italy, based on FY24 guidance FX rates (to € ): ZAR 19.30, TRY 21.10, EGP 33.38, GBP 0.88. 2. Excluding the impact of hyperinflationary accounting in Turkey. 3. Excluding Vodafone Spain & Vodafone Italy. 4. FY24 re-based outcome based on FY25 guidance FX rates. 5. FY25 guidance FX rates (to € ): ZAR 20.58, TRY 34.98, EGP 51.75, GBP 0.86.The guidance assumes no material change to the structure of the Group

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