FY25 Results Presentation

Vodafone will grow ⫶ Our European footprint Our starting positions Our execution plan

Building on our #1 Customer experience Monetise mobile network quality Maintain fastest growing Fixed (both B2B & B2C) Deliver synergies (£700m p.a. Yr 5)

Consistent market outperformance Largest mobile base (inc. both B2B & B2C)

UK 10% Group Adj. FCF

Largest spectrum holding Low market share in fixed

Sustainable Adjusted FCF growth

Complete Romania consolidation

Consistently strong performance 1

Other Europe 13% Group Adj. FCF

Scaled positions in mostly 3-player markets

Compete effectively in Portugal

Establish B2B leadership position (digital services, SMEs, public sector)

Leading brand positions

FY25 results ⫶ May 2025

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1. 3.2% CAGR organic service revenue growth for FY23-25.

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