FY24 Q3 Presentation

Africa & Turkey ⫶ Good growth maintained

Service revenue growth

Organic service revenue growth (%)

Key drivers

4.1%

3.9%

3.0%

• Slower service revenue growth reflected strong mobile data demand in prior year during widespread power outages • Expect trend reacceleration, driven by strong Business Digital demand

1.9%

South Africa 8% of Group service revenue

1.4%

+1.9%

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

27.6% 28.4% 29.1%

25.9%

• New price increases in mobile (Dec’23) and fixed (Jan’24) • Strong demand for Vodafone Cash • Inflation at 34% in December 2023

23.1%

Egypt 4% of Group service revenue

+29.1%

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

6.7%

• Reacceleration in DRC, supported by network investment • Tanzania momentum maintained, with good M-Pesa and data growth • Mozambique impacted by price transformation and macro pressure

5.2%

4.4%

Internationals 4% of Group service revenue

3.1%

+6.7%

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

(Reported Euro growth, excl. hyperinflation)

• Growth ahead of inflation for four consecutive quarters • Repricing actions continuing • Reported Euro service revenue growth of 17.7%

28.7%

Turkey 4% of Group service revenue

22.2%

17.7%

14.6%

+90.4%

0.8%

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

Q3 FY24 Trading Update ⫶ February 2024