Europe & Turkey ⫶ Service revenue growth in all markets UK 13% of Group EBITDAaL 1 +5.0% Service revenue growth Other Europe 14% of Group EBITDAaL 1 +4.2% Service revenue growth Turkey 5% of Group EBITDAaL 1
+88.5% Service revenue growth
• Strong service revenue growth and good commercial momentum in Consumer & Business • Business project phasing & lower pricing benefit driving Q4 slowdown • EBITDAaL +4.0% due to strong service revenue growth, partially offset by higher energy costs & MVNO offboarding
• Growth across all markets in FY24 supported by price actions and good commercial momentum • Public sector project work supporting Q4 acceleration; broad-based Business momentum (FY24: +7.9%) • EBITDAaL growth +1.5% impacted by higher energy costs
• Growth ahead of inflation in FY24 due to repricing actions & value accretive base management • Service revenue, EBITDAaL & Operating FCF growing in euro terms during FY24
Service revenue growth (%)
Service revenue growth (%)
Service revenue growth (%) Reported growth in Euros excl. hyperinflation
5.5%
5.7%
5.5%
5.2%
28.7%
4.1%
24.0%
3.8%
3.8%
22.2%
3.6%
3.6%
3.6%
17.7%
14.6%
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Q4 FY24
Q4 FY23
Q1 FY24
Q2 FY24
Q3 F24
Q4 FY24
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Q4 FY24
FY24 results ⫶ May 2024
8
1. Based on FY24 Adjusted EBITDAaL contribution
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