Vodafone Business ⫶ Digital services & public sector re-acceleration
+4.0% Q2 service revenue growth
+17.9% Digital services 1 revenue growth
4.7m Business customers
Financial performance
Unique digital capabilities
Markets performance
• Growth in digital services driving service revenue acceleration in Q2 • Project delivery step up in the public sector in Other Europe & UK • ARPU pressure from mobile contract renewals • Expect further acceleration in H2
• 31% growth in Cloud portfolio & continued strong demand for SaaS 2 • 194 million IoT platform connections • Large contract wins in Q2 − Romania public sector ICT (c.€90m) − South Africa Cloud & IoT smart metering (c.€8m)
• Germany continued impact from some large corporate re-signs & losses • UK lapping higher price rises in the prior year & ARPU pressure • Other Europe public sector project work & digital services growth • South Africa strong digital services & fixed connectivity demand
Digital services 1 revenue growth (%)
Business service revenue growth (%)
Business service revenue growth, Q2 FY25 (%)
17.9%
16.2%
7.5%
10.5%
5.4%
4.0%
5.0%
7.4%
4.6%
6.7%
4.0%
(1.7)%
(1.7)%
2.6%
3
Q2 FY24
Q3 FY24
Q4 FY24
Q1 FY25
Q2 FY25
Q2 FY24
Q3 FY24
Q4 FY24
Q1 FY25
Q2 FY25
DE
UK
OEU
SA
1. Digital services include IoT, Cloud & Security services. Represents 18% of Group Business service revenue. 2. SaaS = Software as a Service. 3. Albania, Czech Republic, Greece, Ireland, Portugal and Romania.
H1 FY25 results ⫶ November 2024
10
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