Vodafone Business ⫶ Our growth acceleration Increasing market share gains Business service revenue growth (%) Large markets with growing demand
Strengthening capabilities
€ 42bn UK
€ 58bn Germany
€ 20bn Other 1
5.0%
4.5% 4.3%
Connectivity
Cloud & Security
€ 76bn Corporate
€ 33bn SME
€ 11bn SoHo
2.9%
2.4%
€ 16bn IT services
€ 15bn € 19bn € 9bn Mobile Fixed Unified Comms
IoT € 8bn
Cloud & Security
€ 54bn
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Communication services
Internet of Things
• € 120+ billion addressable market size • Accessing European business demand for digitalisation • 11% p.a. digital market growth
Digital services 2 revenue growth (%)
• Dedicated investments • New strategic partnerships • Borderless platforms • New organisation (inc. new IoT company)
23.7%
16.9% 14.6%
13.6%
12.9%
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Investor update ⫶ March 2024
1. Other includes Other Europe, Africa & Turkey 2. Digital services include IoT, Cloud & Security services, now 18% of Vodafone Business service revenue
6
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