VodafoneThree Investor Briefing

 A simpler Vodafone with a clear operating model VODAFONE ⫶ SIMPLER, STRONGER, GROWING A new chapter… A clear strategy…

Our outlook…

 A customer experience reset with improving networks & satisfaction  A more productive Vodafone with motivated teams

 Attractive opportunities in Europe, Africa, and B2B  Scaled operations building once, deploying at scale  Organic Adj. FCF growth double-digit in mid-term

 A well-positioned Vodafone with scale in good markets  A new connectivity era with favourable external tailwinds

 Delivering growth across key metrics

Supporting our ambition to deliver euro growth in Adjusted FCF

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