H1 FY25 progress ⫶ a) Investing in Germany turnaround
‘Real - time’ nationwide 5G network
Rebalancing channels & refreshing portfolio
Transforming our operating model
• Next-generation 5G now available to Consumers (91% population coverage) • Close second to incumbent per four independent network tests • 5G standalone available through 16,000 base stations, with 4,000 high-band sites • Long-term national roaming partnership with 1&1 began in August 2024
• Rebalancing channel mix, with focus on value through own brands & direct sales channels • Vodafone own brands supporting mobile net additions and ARPU • High competitive intensity in low-value segment, incl. low-margin resellers
• Significant simplification, with c.15% headcount reduction over 3 years - FY24: First wave of announced role reductions complete (1,300 roles) - FY25-26: Second wave of announced role reductions in progress (1,800 roles) - Headcount growth (incl. B2B, digital & IT) • New senior team in place with industry- leading expertise
Independent mobile test scores (nPerf)
Indexed Consumer mobile contract ARPU (%)
Indicative headcount
c.-15%
Reducing gap to incumbent
104%
14,000
Reseller ARPU c.75% lower than 1 st brand
c.12,000
c.1,000
-1,300
96%
-1,800
85%
FY23
FY24
H1 FY25
2019
2020
2022
2023
Competitor A
Competitor B
1st brand
2nd brands
Resellers
H1 FY25 results ⫶ November 2024
18
Powered by FlippingBook