FY24 progress ⫶ c) Vodafone structure redesigned & ExCo complete Actions to redesign structure outlined in May’23 Our new shape from April’24
B ⫶ Our transformation | Structure redesign Future structure
⫶ Right-sized for growth Africa
Priority transformation actions
Investments
Europe
Lean corporate services Finance | HR | Legal | External Affairs | Brand
1 Lean corporate services & ‘HoldCo’ governance model for investments 2 Establish commercial model for shared operations 3 Scaling European Business platform 4 Local markets simplification 5 Portfolio right-sized for growth over time
Operations
UK
Vodacom
Infrastructure
Vodafone Business
w Ventures - Vantage Towers - Other investments
Germany
Italy Other Europe
Innovation Partner Markets
8 countries 200m mobile customers 76m FinTech users
9 countries 100m mobile customers 17m fixed customers
45 countries
‘Commercial’ shared operations (captive / 3 rd party) Networks | IT | Back-office | Procurement
Procurement vodafone
vodafone RoamingServices
vodafone Networks
Technology & operations
Roaming & carrier services
Network services
SharedOperations
_VO IS
Procurement
FY23 Results ⫶ May 2023
FY24 results ⫶ May 2024
DRAFT | 2 April 2024
12
9
• Announced: UK merger, € 8bn Italy sale, € 5bn Spain sale • Completed: Vantage sell-down, Hungary & Ghana sale
• Commenced: new Germany restructuring, Investments division, commercialisation of shared operations • In-place: new Executive Committee team
FY24 results ⫶ May 2024
18
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