FY25 H1 Results Presentation

Highlights

Group Q2 service revenue

+4.2%

Q2 as anticipated with peak MDU impact

Europe excl. MDU Q2 service revenue

-0.3%

Group H1 Adj. EBITDAaL

+3.8%

Customers

Lead/co-lead NPS 1 9 of 15 markets

Executing on our strategic priorities Customers, Simplicity, Growth

Simplicity

Role reductions 6.3k

Growth

Pre-tax ROCE 7.2%

€4.1bn 2

Vodafone Spain disposal complete

Right-sizing the portfolio for growth

Vantage further 10% sell-down

€1.3bn

€1.0bn 3

Share buybacks ‘Tranche 1 & 2’

FY25 Guidance 4

FY25 financial guidance reiterated

Adjusted EBITDAaL

c.€11bn

Adjusted FCF

at least €2.4bn

1. Excluding Vodafone Italy. 2. The sale of Vodafone Spain completed on 31 May 2024 for €4.1bn in cash, subject to closing accounts adjustments, and €0.9bn in the form of redeemable preference shares.

3. As at 11/11/2024. 4. 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. Excluding Vodafone Spain & Vodafone Italy & the impact of hyperinflationary accounting in Turkey.

H1 FY25 results ⫶ November 2024

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