FY25 guidance reiterated
Adjusted EBITDAaL
Adjusted FCF
FY25 considerations
(€ billion)
• Expected net cash inflow from discontinued operations (Vodafone Italy and Vodafone Spain) of up to c.€0.4bn is excluded from FY25 guidance
FY24 guidance
c.13.3
c.3.3
FY24 outcome – guidance basis 1,2
13.4
3.5
Impact of exchange rates
(0.3)
(0.2)
FY24 actual – constant portfolio
13.1
3.3
Impact of discontinued operations
(2.1)
(0.8)
Impact of exchange rates
(0.3)
(0.1)
Currency
FY25 guidance rate
FY24 re-based 2,3,4
10.7
2.4
ZAR
20.58
TRY
34.98
at least €2.4bn
FY25 guidance 2,3,5
c.€11bn
EGP
51.75
GBP
0.86
1. FY24 outcome including Vodafone Spain & Vodafone Italy, based on FY24 guidance FX rates (to €): ZAR 19.30, TRY 21.10, EGP 33.38, GBP 0.88. 2. Excluding the impact of hyperinflationary accounting in Turkey. 3. Excluding Vodafone Spain & Vodafone Italy. 4. FY24 re-based outcome based on FY25 guidance FX rates. 5. FY25 guidance FX rates (to €): ZAR 20.58, TRY 34.98, EGP 51.75, GBP 0.86. The guidance assumes no material change to the structure of the Group
H1 FY25 results ⫶ November 2024
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