FY24 Results Presentation

FY25 focus ⫶ e) Establish Vodafone Investments Pillar Investment Focus Ownership Key statistics

• 3 pillars:

• € 1.8bn CY23A EBITDAaL • € 151m FY24 distribution

Netherlands converged operator Australia converged operator India mobile operator

50.0% 25.1% 31.4% 53.9% 50.0% 50.0% 21.0%

- Minority / JV

telco operations infrastructure assets

• Publicly listed • Non-consolidated HoldCo debt • Publicly listed • € 2.2bn capital raise done • € 0.6bn FY24 EBITDAaL • € 196m FY24 dividend • Construction in 6 cities now • 7m homes passed by FY30

Telco Operations

- Digital

- Sector

European towers

innovation • Implementing new governance model • Dedicated & highly experienced operational & financial team

Germany FTTH

Infrastructure

• >0.5m homes passed

Ireland FTTH

• Publicly listed • Total return swap in place 1

India towers

Direct-to-mobile low- orbit satellites Economy-of-things

5.2%

• Publicly listed

Innovation

• Early-stage start-up • € 60m seed funding

80.0%

FY24 results ⫶ May 2024

1. The Group’s borrowings include € 1.7 billion (2023: € 1.5 billion) of bank borrowings that are secured against the Group’s shareholdings in Indus Towers and Vodafone Idea and will be repaid through the realisation of proceeds from those assets.

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