FY24 Q3 Presentation

Vodafone Business ⫶ Further growth acceleration

Strong financial performance

Markets progress

Unique capabilities in digital

Business service revenue growth, Q3 FY24 (%)

Business service revenue growth (%)

Digital services 1 revenue growth (%)

23.7%

7.5% 7.8%

5.0%

16.9%

5.8%

4.6%

14.6% 13.6%

4.3%

12.9%

4.3%

2.9%

2.4%

(1.9%)

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

UK

DE

IT

O EU

SA

• Growing across all customer segments • Europe +3.7% in Q3 (Q2: +3.0%) • Acceleration driven by strong public sector growth and digital services adoption

• Q3 IoT growth of +19.6%, driven by UK and Other EU projects • 29.3% growth in Cloud; SaaS 2 and Security • Strategic Microsoft partnership announced, including planned Vodafone IoT investment

• Germany impacted by strong prior year digital revenue, and in-year IoT phasing • Strong UK IoT project revenue • Italy fixed connectivity and digital services growing, supported by ERF • All segments growing in Other EU

1 Digital services include IoT, Cloud & Security services, now 18% of Vodafone Business service revenue 2 Software as a Service

Q3 FY24 Trading Update ⫶ February 2024

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