FY25 Results Presentation

Vodafone will grow ⫶ Our emerging market & investments portfolio Our starting positions Our execution plan

Acceleration across all markets - Loyalty & pricing transformation - Broaden FinTech reach - B2B & digital innovation - Fixed & mobile coverage expansion

Leadership position across all markets Leading brands & customer satisfaction Growing population & end usage

Africa 25% Group Adj. FCF

Financial services leadership Strong track record of growth 1

3-yr rolling guidance raised to double-digit service revenue & EBITDA growth

Sustainable € Adjusted FCF

c.30% of growing market 2

Network experience step-up Leading digital experience (e.g. loyalty, e-commerce)

Türkiye 10% Group Adj. FCF Investments 9% Group Adj. FCF

Outperforming industry & leading talent Strong track record of € growth 3 Scaled Europe TowerCo ownership Operations, infra. & innovation assets

Digital services & sovereign data centres Compounding Vantage dividend growth Value realisation

FY25 results ⫶ May 2025

1. 10.2% CAGR organic service revenue growth for FY23-25. 2. 16.9% growth in Total Telecoms market between 2022 and 2024. Source: Analysys Mason & Global Data. 3. +46% CAGR adjusted EBITDAaL growth in euros for FY23-25 (excluding hyperinflation).

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