FY24 Results Presentation

Highlights ⫶ Transformation gaining momentum Recap of our new strategic roadmap from May’23 Further detail: Results, reports & presentations | Vodafone IR FY24 progress

FY25 focus a) Investing in Germany turnaround b) Vodafone Business capabilities expansion c) Efficiency via simplification & AI d) Portfolio actions completion e) Establish Vodafone Investments

B ⫶ Our transformation | Strategic shifts to drive growth Where we are now What will change

a) Initial operational turnaround impacts supporting growth b) Improving customer satisfaction c) Vodafone structure

Target outcomes

Consumer dominated organisation Inconsistent consumer experience

Balanced focus on Business + Consumer Consumer back-to-basics to win in the market

Maximise Business potential Customer-driven growth Faster execution & productivity

Leaner organisation focused on value Portfolio right-sized for growth

Complex structure

Sustainable ROCE

Sub-optimal capital allocation

FY23 Results ⫶ May 2023

7

B ⫶ Our transformation | A new roadmap for Vodafone

redesigned & executive team complete

Best-in-class telco in Europe & Africa

Balanced focus on Business + Consumer

CUSTOMERS

Consumer back-to-basics to win in the market

d) Portfolio of growth markets with strong positions

Action plan

Ambition

SIMPLICITY

Leaner organisation focused on value

Europe’s leading platform for Business

Portfolio right-sized for growth

GROWTH

FY23 Results ⫶ May 2023

8

FY24 results ⫶ May 2024

4

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