FY25 H1 Results Presentation

Appendix III Business ⫶ Driving digitalisation with strong capabilities & partnerships

Beyond Connectivity addresses large & growing markets

We have unique scale & capabilities

Serving all customer sizes…

…with full breadth of products…

…across large geographic footprint

4.7 million customers

SOHO 1

Germany

Core Connectivity

€62bn market

€11bn market (7% growth)

€36bn market (3% growth)

194 million IoT connections

Unified Comms

UK

€8bn market (11% growth)

€50bn market

SME

€7.8 billion 1 service revenue

€34bn market (10% growth)

Cloud & Security

Other Europe

€68bn market (14% growth)

€13bn market

26% of Group service revenue 1

Enterprise

IoT & IT services

Africa

€87bn market (11% growth)

€20bn market (6% growth)

€6bn market

€124+ billion addressable market

We are a leading strategic partner of choice

We have a strong operating momentum

Unique capabilities in digital

Strengthening product offering

• Cloud & GenAI • IoT • M-Pesa

• Grow Business with new services for SMEs • Scale our new standalone IoT business • Expand M-Pesa across Africa • Develop a new cloud-native security service for our business customers leveraging Google Cloud's Security Operations platform • Accelerating our transformation to commercialise our market leading shared services operations

• 194 million IoT connections • c.€0.7 billion H1 digital services revenue (+12% growth), all product segments growing • Digital services represent 18% of Business service revenue 2

• Re- allocating c.€250 million investment to support new products & managed services capabilities • Leading partnership ecosystem (e.g. Microsoft SME managed services) • Driving brand awareness of digital services with 2x marketing invest

• Cloud & Security • GenAI

• Shared service operations

1. Based on last 12 months as at H1 FY25. 2. Based on H1 FY25 service revenue contribution.

H1 FY25 results ⫶ November 2024

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