Appendix IX New shape of Vodafone reconciliation
Adjusted EBITDAaL
Adjusted FCF
(€ billion)
FY24 outcome – guidance basis 1,2
13.4
3.5
Compared to FY24 guidance of c.€13.3bn EBITDAaL and c.€3.3 bn Adjusted FCF
Difference between guidance FX and weighted average FX during the year in reported results
Remove
Impact of exchange rates
(0.3)
(0.2)
Add back
Turkey hyperinflationary accounting
(0.1)
-
Remove
Spain
(0.9)
(0.4)
Remove
Italy
(1.3)
(0.5)
0.2 Income from certain central services provided to Italy & Spain (previously recognised below EBITDAaL), now recognised as income due to discontinued operations accounting.
Add back
Group Shared Operations income
0.2
FY24 reported 3
11.0
2.6
New perimeter of the Group excluding Italy & Spain
Remove
Impact of exchange rates
(0.3)
(0.1)
Difference between FY24 reported FX and FY25 guidance FX
Remove
Turkey hyperinflationary accounting
0.1
-
Removing shared operations income relating to Spain (€0.1bn) that will no longer be recharged
Remove
Group Shared Operations income (relating to Spain)
(0.1)
(0.1)
FY24 re-based 2,3,4
10.7
2.4
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. FY25 guidance FX rates (to €): ZAR 20.58, TRY 34.98, EGP 51.75, GBP 0.86.
H1 FY25 results ⫶ November 2024
33
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