235 Vodafone Group Plc Annual Report 2024 Non-GAAP measures Unaudited information 235 Vodafone Group Plc Annual Report 2024
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In the discussion of the Group’s reported operating results, non-GAAP measures are presented to provide readers with additional financial information that is regularly reviewed by management. This additional information presented is not uniformly defined by all companies including those in the Group’s industry. Accordingly, it may not be comparable with similarly titled measures and disclosures by other companies. Additionally, certain information presented is derived from amounts calculated in accordance with IFRS but is not itself a measure defined under GAAP. Such measures should not be viewed in isolation or as an alternative to the equivalent GAAP measure. The non-GAAP measures discussed in this document are listed below. Non-GAAP measure Defined on page Closest equivalent GAAP measure Reconciled on page Performance metrics Adjusted EBITDAaL Page 236 Operating profit Page 149 Organic Adjusted EBITDAaL growth Page 236 Not applicable − Organic revenue growth Page 236 Revenue Pages 237, 239 and 240 Organic Group service revenue growth excluding Turkey Page 236 Service revenue Pages 237, 239 and 240 Organic Group Adjusted EBITDAaL growth excluding Turkey Page 236 Not applicable − Organic service revenue growth Page 236 Service revenue Pages 237, 239 and 240 Organic mobile service revenue growth Page 236 Service revenue Pages 237, 239 and 240 Organic fixed service revenue growth Page 236 Service revenue Pages 237, 239 and 240
Organic Vodafone Business (B2B) service revenue growth (Group and Operating segments) Organic financial services revenue growth in South Africa Other metrics Adjusted profit attributable to owners of the parent Adjusted basic earnings per share
Page 236
Service revenue
Pages 237, 239 and 240
Page 236
Service revenue
Pages 237, 239 and 240
Page 241 Page 241
Profit attributable to owners of the parent Page 241
Basic earnings per share
Page 242
Cash flow, funding and capital allocation metrics Free cash flow Adjusted free cash flow
Page 242 Page 242 Page 242 Page 242 Page 244 Page 244 Page 246 Page 246 Page 246 Page 246 Page 246 Page 246
Inflow from operating activities Inflow from operating activities Borrowings less cash and cash equivalents Borrowings
Page 243 Page 243 Page 243
Pages 29 and 243
Gross debt Net debt
Pre-tax ROCE (controlled) Post-tax ROCE (controlled and associates/joint ventures) Financing and Taxation metrics Adjusted net financing costs Adjusted profit before taxation Adjusted income tax expense Adjusted effective tax rate Adjusted share of results of equity accounted associates and joint ventures Adjusted share of results of equity accounted associates and joint ventures used in post-tax ROCE
ROCE calculated using GAAP measures Pages 244 and 245 ROCE calculated using GAAP measures Pages 244 and 245
Net financing costs Profit before taxation Income tax expense Income tax expense
Page 27 Page 247 Page 247 Page 247 Page 247 Page 247
Share of results of equity accounted associates and joint ventures Share of results of equity accounted associates and joint ventures
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