#1Vodacom Group Interim results For the six months ended 30 September 2023 November 2023 orororrrrororooororororoo rorrrro 100 Torororioodrrrooroorr orororrrrororooororororoo Further together#2Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentations may lawfully be communicated (‘relevant persons'). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. Information in the following presentation relating to the price at which relevant investments have been bought or sold in the past or the yield on such investments cannot be relied upon as a guide to the future performance of such investments. This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in any company within the Group. Promotional material used in this presentation that is based on pricing or service offering may no longer be applicable. This presentation contains certain non-GAAP financial information which has not been reviewed or reported on by the Group's auditors. The Group's management believes these measures provide valuable additional information in understanding the performance of the Group or the Group's businesses because they provide measures used by the Group to assess performance. However, this additional information presented is not uniformly defined by all companies, including those in the Group's industry. Accordingly, it may not be comparable with similarly titled measures and disclosures by other companies. Additionally, although these measures are important in the management of the business, they should not be viewed in isolation or as replacements for or alternatives to, but rather as complementary to, the comparable GAAP measures. All growth rates quoted are year-on-year and refer to the six months ended 30 September 2023 compared to the six months ended 30 September 2022, unless stated otherwise. This presentation also contains forward-looking statements which are subject to risks and uncertainties because they relate to future events. These forward-looking statements include, without limitation, statements in relation to the Group's projected financial results. Some of the factors which may cause actual results to differ from these forward-looking statements are discussed on slide 38 of this presentation. Vodafone, the Vodafone logo, M-Pesa, Connected Farmer, Vodafone Supernet, Vodafone Mobile Broadband, Vodafone WebBox, Vodafone Passport, Vodafone live!, Power to You, Vodacom, Vodacom 4 Less and Vodacom Change the World are trademarks of Vodafone Group Plc (or have applications pending). Other product and company names mentioned herein may be the trademarks of their respective owners.#3Our purpose | Connecting for a better future Purpose We connect for a better future Digital society Digitising critical sectors ⚫Digitising government Inclusion of all Access for all •⚫ Propositions for equality • Workplace equality • Planet Managing carbon emissions Reducing waste, circular economy Using water responsibly Stepping up when it matters Disaster management • Humanitarian aid packages donated during cholera outbreak in South Africa • Free connectivity and M-Pesa transfers in Kalehe, DRC after flood disaster Tech for good Connected healthcare • In Egypt, we are leading the Universal Health Insurance and the Egyptian University Hospitals programs, live in 270 hospitals and serving >6 million people . Gender equality #CodeLikeAGirl Accelerated across International market • Coding boot camp hosted in South Africa, across our Schools of Excellence Energy transition TCFD & SBTi • Published our 2nd TCFD report • Board to review SBTI in FY24 • First of its kind Virtual Wheeling deal in South Africa O#4Group snapshot | Connecting from Cape to Cairo R73 billion 1H revenue #1 K Egypt Across our DRC Ethiopia Kenya Tanzania South Africa DRC Tanzania Mozambique Lesotho Egypt Kenya Ethiopia footprint Mozambique and 35% Lesotho South stake in Safaricom R22 billion Africa Vodacom-led markets Safaricom-led markets 1H revenue Operating profit (1H24) 12% 9% Customers (1H24) 48.2 53.7 196.2 47.3 55% 24% Group metrics (including Safaricom, 100% basis)¹ 74m Financial Services customers, extending our leading fintech position 57% Smartphone penetration providing structural data opportunity SA ■ Egypt ■IB ■SF (39.9%) 47.0 ■SA ■ Egypt ■IB ■SF (100%) 44 000 Network sites and one of Africa's largest tower owners 1. Vodafone Kenya Limited (VKL), a subsidiary, owns 39.93% of Safaricom. Vodacom Group Limited owns 87.5% of VKL, giving Vodacom an effective holding of 34.94% in Safaricom. >500m Population supporting scalable partnerships#5Our Strategy | Leading African TechCo with clear System of Advantage Africa's leading communications company 1 Footprint strengthened 2 Secure leadership in mobile and fixed Diversify and differentiate with our digital ecosystem Scale financial 3 and digital services Digital partner of choice for enterprises 5 World class loyalty and customer experience 6 Personalisation through CVM and Big Data Optimised, future-ready TechCo Optimise assets Technology leadership TechCo organisation 7 8 10 through sharing in Network and IT and culture Trusted brand and reputation O#6Footprint | Accelerating growth, managing risks Egypt Investment case progress • • • • . ROCE accretive at acquisition Market leader, attractive EBITDA margin Medium-term targets upgraded Regulation supportive of investment Material fintech opportunity, growing >100% Asset rich and highly skilled workforce EPS accretive in 1H24 FX & inflation outlook Key risks to manage Revenue and opex mitigation opportunities Cash repatriation vs assessing reinvestment opportunities • Ethiopia • Added IFC to consortium as equity & debt funder • Localising costs and funding to manage FX pressures • M-Pesa launched ahead of business plan • Customer KPI's growing strongly © 2000 towers built Peak EBITDA losses FY24 FX & inflation outlook • ⚫ Scale profitability • New entrant Shaping regulation to accommodate a change from a one-player market O#7Big Data & Al | Monetisation momentum Data-driven organisation with 150 data scientists and engineers Data monetisation 1 CVM enabled >80% of bundles in VSA personalised Intelligent Automation 4 Credit Scoring 2 Capex Optimisation 3 Credit scorecards Safaricom live. VSA, Les, Moz ready Risk Management Smart capex R1 billion of efficiency + QoS optimisation Customer 360 5 6 Live in 6 markets Cost savings and revenue protection 2 million hours saved Fraud 800k calls blocked by ML in IVR & Tobi Customers features 10 000 in South Africa, 3 000 in IB and 8 000 in Safaricom 010 101010100010101 O#8Financial services | Scaling our dual-sided financial services ecosystem Merchant highlights Consumer highlights 1H24 growth driver M-Pesa MOPESA Vodafone Cash vodapay Vodacom financial services (SA) Merchants 950k up 41% One more service building out capabilities across B2B, B2C & C2B 30-day M-Pesa app users 4.4m supporting higher ARPU #1 mobile wallet 14m monthly Ana Vodafone app users New services > two thirds of revenue growth from new services Scaling users 60% growth in customers >10 000 merchants App downloads 7.6m with >100 mini-apps Insurance revenue Double-digit growth#9Results snapshot | Strong growth in new services and Vodafone Egypt Revenue Service revenue EBITDA R72.8 billion R59.4 billion R27.3 billion Capital expenditure R9.5 billion Reported 35.5% 42.2% 35.1% 13.1% intensity Growth Excluding Egypt 7.9% 7.9% 4.1% 12.7% intensity Pro-forma (incl Egypt)^ 9.0% 9.0% 5.5% 196m Customers1 10.8% growth 74m 438cps 305cps Financial services customers¹ transacting US$1bn a day HEPS, impacted by start-up losses in Ethiopia DPS in line with policy 1. Including Safaricom at 100% and Vodafone Egypt in comparative. ^ Pro-forma growth, presented as if the effective date of the Vodafone Egypt acquisition was 1 April 2022 and on a constant currency basis. O#10Group composition | Growth profile enhanced by Vodafone Egypt Group service revenue R billion Group service revenue % Group operating profit R billion Growth Growth 19.8 17.01 28.2% / 4.3%^ 5.2%/9.8%* 20.0 21.1 1.5 -1.1% 13.31 30.5 4.2 1.5 59.41 42.2% / 9.0%^ 26.9 2.1 2.1 0.2% 14.3 41.71 20.2 16.6% 12.6 14.7 4.0% ■Contract ■Prepaid voice 29.5 30.7 1H23 Prepaid data Other New services 1H24 ■South Africa Egypt IB ■SF (100%) 1. Including corporate and eliminations. Of which Vodacom Business is 19.3% -3.3% 9.9 9.6 1H23 1H24 South Africa IB Egypt SF (39.93%) 2. Vodafone Kenya Limited (VKL), a subsidiary, owns 39.93% of Safaricom. Vodacom Group Limited owns 87.5% of VKL, giving Voda com an effective holding of 34.94% in Safaricom. ^ Pro-forma growth, presented as if the effective date of the Vodafone Egypt acquisition was 1 April 2022 and on a constant currency basis. * Normalised growth presents performance on a comparable basis. This adjusts for trading foreign exchange, foreign currency fluctuation on a constant currency basis (using the current period as base) to show a like-for-like comparison of results.#11New services | Diversifying beyond mobile South Africa Egypt New services Financial services Digital services IoT Fixed International Safaricom 16.6% R5.1bn 15.1% R2.2bn 29.6% R4.6bn 46.6% R9.8bn New services revenue as % of Group service revenue Core mobile 83.4% R25.6bn 84.9% R12.2bn 70.4% R10.1bn 53.4% R11.3bn Core mobile revenue as % of Group service revenue O#12Financial services | Africa's leading fintech platform Financial services customers 100% basis (including Safaricom) Mobile money transaction volume Financial services revenue Financial services contribution 74 million ■SA ■IB Egypt SF 32.4% growth Vodacom Safaricom R6.2 billion R8.8 billion to Group Contribution service revenue ■SA ■IB ■Egypt ■SF 10% 32.1 13.7 8.8 7.9 29.3 22.1 21.0 Contribution to Safaricom 42% 0.8 service revenue 6.7 3.8 3.0 1.4 1.6 LTM Sep '22 LTM Sept '23 1H23 1H24 million 38% penetration of 196m base billion $371 billion of transaction value LTM ^ Pro-forma growth, presented as if the effective date of the Vodafone Egypt acquisition was 1 April 2022 and on a constant currency basis. * Normalised growth presents performance on a comparable basis to show a like-for-like comparison of results. # M-Pesa Safaricom PBT is not reported in 1H24. PBT margin based on historic disclosure. Actual results may differ from this illustration. R billion Contribution VOD 20.0% growth SF 16.5%* growth to Group ~20% Profit before tax* O#13South Africa highlights | Strong revenue, cost savings to accelerate Key indicator Revenue (Rm) 1H24 Reported % change 43 269 5.1 Key milestones Service revenue (Rm) Vodacom Business service revenue (Rm) New services revenue (Rm) (financial & digital services, fixed and loT) EBITDA (RM) 30 669 4.0 8 656 0.3 5083 18.1 16013 1.6 Resilient service revenue • Mobile contract revenue 4.1% • Mobile prepaid revenue 3.1% • . Prepaid data revenue 15.3% Key growth drivers Smart devices up 10.3% to 30.5 million Data traffic up 45.2% Fixed revenue up 25.0% excluding transit Profitability Data customers ('000) 25 803 8.5 • Cost savings to accelerate in 2H O#14Vodafone Egypt highlights | Double-digit growth, strong data uptake Key indicator Service revenue 1H24 (RM) 1H24 (EGPM) EGP % change^ 14312 23 711 28.0 Key milestones New services revenue 2162 3 572 52.9 (financial & digital services, fixed and loT) Strong commercial traction Vodafone Cash revenue 804 1 330 114.9 • Usage growth 42.9% • Smartphone devices up 7.1% EBITDA 6248 10 340 19.9 • Strong traction with Flex bundle revamp and content integration • Taking share in mobile and fixed Customers ('000) 47 022 5.5 VF Cash customers ('000) 6 682 ^ Vodafone Egypt was consolidated from 8 December 2022. Local currency growth for 1H24 is on a pro-forma basis and for information purposes only. 59.9 O#15International highlights | Growth underpinned by data and M-Pesa 1H24 Key indicator Reported % change Service revenue (Rm) 14 732 16.6 Normalised* % change 4.0 Key milestones Data revenue (Rm) 3 844 34.9 20.9 M-Pesa revenue (Rm) 3 814 26.8 13.2 . EBITDA (RM) Customers ('000) M-Pesa customers ('000) 5 432 14.1 4.3 53 684 22.3 20 976 14.7 * Normalised growth presents performance on a comparable basis. This adjusts for foreign currency fluctuation on a constant currency basis (using the current period as base) to show a like-for-like comparison of results. Strong data growth Usage growth 40.4% • Smartphone growth 19.6% M-Pesa delivers strong growth Merchants more than doubled M-Pesa app live across all markets, mini-app roll-out ongoing O#16Safaricom highlights | Strong results support guidance upgrade Key indicator¹ 1H24 (KES'bn) KES % change 1H24 (R'bn) Rand % change Service revenue 159 136 9.9 21 079 5.2 Key milestones Data revenue 29 598 12.6 4 093 7.8 M-Pesa revenue 66 232 16.5 8 777 11.6 EBITDA 79 673 7.6 10 781 5.2 EBITDA (Kenya only) 90 494 13.0 M-Pesa customers ('000) 32 135 3.1 1. The Group's effective interest of 34.94% in Safaricom Group PLC (Safaricom) is accounted for as an investment in associate. Results represent 100% of Safaricom and is for information purposes only. M-Pesa • Contribution increased to 41.6% of service revenue from 39.3% in PY Strong FTTx growth • Fixed revenue growth of 9.1% FTTH customers grew 28.8% Guidance upgraded • Strong 1H supports Kenya upgrade • Peak EBITDA losses for Ethiopia O#17Financial Review 0010101010001010111101010 0010111bool10101011 0010101010001010111101010 111101010 010#1872 798 Group income statement | EBITDA growth offset by Ethiopia & finance costs R million Revenue 1H24 Normalised* % change 1H23 Reported % change Pro-forma^ % change 53 713 35.5 9.0 4.7 Service revenue EBITDA Depreciation and amortisation 59 350 41 729 42.2 9.0 4.1 27 286 20 200 35.1 5.5 1.8 (11 174) (8 261) 35.3 Net profit from associates and joint ventures 1348 1 466 (8.0) Operating profit 17 013 13 268 28.2 12.5 1.6 Net finance charges (2911) (2192) 32.8 Profit before tax Taxation 14 102 11 076 27.3 (4134) (3.004) 37.6 Net profit 9 968 8 072 23.5 Attributable to equity holders 8385 7 740 8.3 HEPS (cents) 438 457 (4.2) ^ Pro-forma growth, presented as if the effective date of the Vodafone Egypt acquisition was 1 April 2022 and on a constant currency basis. * Normalised growth, which presents performance on a comparable and constant currency basis.#19Service revenue | Resilient performance in South Africa, Egypt accelerates Group R billion /% South Africa R billion /% 16.1% 37.2% 40.8% 43.8% Vodafone Egypt contribution 3.9% 4.1% 3.0% 1.3% 9.0% 7.0% 9.0% 24.0 27.9 29.0 30.4 15.4 15.2 15.1 15.6 3Q23 4Q23 1Q24 2Q24 3Q23 4Q23 1Q24 2Q24 Service revenue Reported growth Pro-forma^ growth Service revenue Reported growth International R billion /% Egypt R billion /% 21.5% 18.0% 23.8% 10.4% 4.5% 5.4% 4.9% 3.1% 7.0 6.8 7.3 7.5 3Q23 4Q23 1Q24 Service revenue Reported growth 2Q24 Normalised* growth ^ Pro-forma growth, presented as if the effective date of the Vodafone Egypt acquisition was 1 April 2022. Normalised growth, which presents performance on a comparable basis, adjusting for foreign currency fluctuation on a constant currency basis. 28.4% 27.6% 25.8% 6.2 6.8 7.5 4Q23 1Q24 Service revenue 2Q24 Local currency growth#20Group EBITDA | Expecting stronger growth in the second half Group EBITDA 1H23 vs 1H24 'Fit4Growth' cost programme Savings to accelerate in 2H 6.2 42 2.4 -1.5 R billion 4.0 3.0 40 2.0 1.0 20.2 27.3 00 0.0 1H23 Egypt EBITDA SA + IB contribution margin SA + IB opex growth 1H24 FY22 FY23 1H24 ■SA IB 37.6% EBITDA margin 1. Excluding the impact of the separately identified cost pressures (e.g., lease contract separation). 37.5% 'Fit4Growth' initiatives equate to around 10% of operating expenses per annum#21Net profit | Ethiopia & finance costs weigh on net profit Net profit bridge R billion Net profit reconciliation, YoY 27.3 EBITDA R million -9.1 1H23 EBITDA 8071 7086 D&A SA + IB (828) -0.7 -0.4 -2.1 1.9 D&A Egypt (2 085) -3.8 Associates ex Ethiopia 132 1.0 -3.0 Ethiopia losses (250) -1.1 Net finance costs (715) Taxation SA + IB (41) Taxation Egypt (1 089) 16.9 10.0 Other (313) D&A SA + IB D&A Egypt Associates Ethiopia Other Operating Finance Finance ex Ethiopia losses profit charges income Tax SA+IB Tax Net profit 1H24 9968 Egypt#22HEPS | Ethiopia losses impact, Egypt accretive Headline earnings per share cents -11 -11 457 1H23 PY Tanzania Ethiopia start-up deferred tax recognition losses Vodafone Egypt was EPS accretive after issuing 242 million Group shares and raising R11 billion of debt -7 16 -6 438 Finance costs (ex Egypt) Egypt contribution SA + IB 1H24 contribution Factors impacting growth (after tax and non- controlling interests) • Deferred tax asset recognised . in prior year for Tanzania Higher start-up losses in Ethiopia of R219 million • Higher finance costs (excluding Egypt funding) of R138 million Business performance expected to accelerate into second half#23Cash flow | Impacted by timing seasonality and timing factors Group free cash flow R billion -7.7 -9.5 Seasonal working capital outflow, expected to unwind into second half -3.2 0.3 Net dividends received from associates and paid to non-controlling shareholders, impacted by: Safaricom dividend timing. In 1H23 we received two Safaricom dividends amounting to R3.1bn. In 1H24 we received one Safaricom dividend of R1.3bn. Minority dividends paid. Increased to R1.6bn as a result of Vodafone Egypt dividend. -2.9 -0.4 0.9 -5.0 Vodafone Egypt driving higher tax paid 27.3 7.2 EBITDA Working capital Capital expenditure Lease liabilities Other Operating FCF Finance costs paid Finance income Net dividends Tax paid FCF received O#24Free cash flow | FCF generation skewed to second half Group FCF: 1H23 vs 1H24 2.2 -1.3 -0.7 Timing factors ↑ -0.7 R billion Group FCF: material seasonal variance 9.7 11.2 12.4 13.5 12.2 16.5 -1.3 2.0 -0.4 2.0 2.5 2.7 5.3 4.5 2.0 1H23 VFE FCF* VFE minority dividend VFE tax timing OpFCF SF dividend Finance 1H24 SA+IB timing costs FY18 FY19 FY20 FY21 FY22 FY23 FY24 1H2H *VFE FCF based on P&L tax.#25Shareholder returns | One of the JSE's highest pay-out ratios Total dividend declared R million Dividend aligned to policy 90% pay-out + Safaricom pass-through 15 605 >75% pay-out 13 098 7 894 6 857 7711 6241 6 337 FY22 FY23 FY24 ■Interim dividend ■Final dividend Total dividend per share declared Rand cents Old policy Old policy 850 670 430 330 420 340 305 FY22 FY23 FY24 Interim dividend Final dividend At least 75% of Policy Group headline earnings Interim dividend per 305cps share @75% pay-out Prior year interim dividend of 340cps was @ 80% pay-out#26Net debt | Seasonally higher net debt Group net debt R billion 3.2 -2.0 7.4 0.8 -16.5 5.8 10.4 1.1 0.6 6.4 0.2 4.0 2H24 outlook Final payment for South Africa spectrum of R2.2 billion • Seasonally strong cash inflow in 2H 35.2 44.6 48.3 56.6 FY22 FCF Cash SA Other 1H23 FCF dividend spectrum Cash dividend funding VFE Other FY23 FCF Cash IB dividend spectrum Other 1H24 10010 17010101 1000110101 Net debt to EBITDA: 0.9x 1.1x 1.0x 00101010100#27Capital structure | Comfortable leverage position Maturity profile R billion Debt type R billion Net debt/EBITDA R billion / times 35.6 58.7 43.4 57.9 22.2 14.3 14.4 15.1 1H23 1H24 1H23 1H24 ■Current ■Non-current Leases ■Financial Incl leases Currency mix % Excl leases Incl leases Debt mix % 1.1 FO ㅇㅇ 1.0 Excl leases 44.6 20.2 56.6 27.3 63% 79% 1H23 ■Net debt 1H24 # ■ EBITDA ONet debt/EBITDA 78% 22% 14% 86% 37% 21% ■ZAR ■Foreign ■ZAR Foreign Fixed Floating Fixed Floating #Interim period EBITDA annualised#28Targets | Medium-term targets reiterated Targets Considerations Group service revenue growth mid-to-high single digit The macro-outlook remains uncertain, FX volatility remains a risk 01010001010111101010 Group EBITDA growth high single digit Safaricom Plc raised Kenya and Group guidance, confirmed peak EBITDA losses for Ethiopia in FY24 Group capital intensity ratio 13.0% to 14.5% of Group revenue Pro-forma EBITDA growth expected to accelerate in the second half These targets are on average, over the next three years, and are on a normalised basis in constant currency, based on prevailing economic conditions, including Vodafone Egypt but excluding spectrum purchases, exceptional items and the acquisition of a joint-control stake in MAZIV. 10101 O. 00 001010#29Targets | Capital allocation priorities Investment into organic growth Supported by stable capital intensity with an ambition of flat to improving ROCE Dividend pay-out of at least 75% of headline earnings One of the highest pay-outs on the JSE Deleveraging M&A-related debt Supportive of EPS growth Big data-led smart capex planning 7 Commercial optimisation R Network build Network upgrade Network optimisation#30Outlook | We have a clear ambition to grow new services FY23 -> 19.3% New services New services revenue as % of Group service revenue Core mobile لا 80.7% Core mobile revenue as % of Group service revenue ↑ 1H24 ने 19.8% Of which: Financial services 10.4% Digital services 2.0% • ⚫ loT 1.5% Fixed 5.9% 80.2% Medium term (3-5 years) 25%-30% CAGR: C20% for new services: Financial services mid-teens contribution to SR Modest CAGR growth 70% -75% Smartphone penetration 5G leadership 0#31Wrap-up 0010101010001010111101010 110010 011100011010101 0010101010001010111101010 0001010111101 11001001110001101010 0010101010001010111101010 Further together#32Priorities | Enhancing shareholder value as we shift from telco to techco Execute on our system of advantage Leadership in fixed and mobile Complete M&A MAZIV (South Africa fibre) Accelerate device financing, FWA, active days Accelerate and diversify returns Targets Medium-term: EBITDA growth high-single digit - Beyond mobile contribution 25-30% of service revenue Enhance societal value 101010101 Inclusion for all increase female representation at management levels* 0001010 ofTOTO FOT17 10 Diversify with our digital ecosystem Attractive returns Planet 0101010001010111101010 Implement Scale Tech-for- one-app good platforms, strategy super-apps Simplify customer journeys Maintain/improve ROCE reduce GHG emissions* Optimised TechCo Partner to power growth (rural, fibre) Drive sharing agenda across all markets Disciplined capital allocation Digital society Delever post M&A *ESG metrics are included in management long-term incentives drive financial inclusion* O#3300101010100010101111010 Appendix 11001011 IN 010101010010111101 010111101 OU1000110#34South Africa | Impact of loadshedding Variable Impact Data demand . Acceleration of data traffic growth from 30% in 1H23 to 42% in 1H24 Average network (R1) availability 98% 95% 97% Operating costs • R300 million additional operating costs in FY23, largely related to diesel Some incremental network opex spend in 1H24 30% • Lap significant increase in loadshedding in 2H24 42% 45% Capital expenditure . • Invested R4 billion in capex to address energy resilience from FY20-23 Peak spending in FY21, with FY23 at RO.7 billion 94.5% 67.7% 72.4% 1H23 2H23 1H24 • Expect to spend around R1 billion FY24 on energy resilience Avg grid availability* --Data traffic growth Network performance . Loadshedding negatively impacts network performance Improved R1 (network availability) in 1H24 . Network NPS leadership *Average AC grid availability across the Vodacom South Africa network#35Group tax | ETR impacted by withholding tax on dividends Group tax charge and effective tax R million /% Reconciliation of SA tax rate to effective tax rate % 29.6% 27.0% 3073 1H23 4 134 1H24 1H24 Statutory tax rate 27.0% Net profit from associate and JVs -2.4ppt Irrecoverable foreign taxes +3.7ppt Non-deductible finance costs +2.9ppt Tax rate differences 1H24 Effective tax rate 29.3% Taxation charge Reported effective tax rate -1.7ppt O#36Impact of exchange rates YoY% growth Revenue Average YTD exchange rates Reported Normalised* Pro forma^ 1H24 1H23 % changed USD/ZAR 18.65 16.31 14.3 South Africa 5.1 5.1 ZAR/MZN 3.43 3.93 (12.5) ZAR/TZS 129.93 143.12 (9.2) International 16.4 3.6 EUR/ZAR 20.29 16.88 20.2 ZAR/KES 7.55 7.24 4.3 Group 35.5 4.7 9.0 ZAR/EGP 1.66 1.16 48.2 EBITDA YoY% growth Service revenue 1H24 Reported Normalised* Pro-forma^ 1H24 Reported Normalised* Pro-forma^ South Africa 4.0 4.0 South Africa 1.6 1.5 International 16.6 4.0 International 14.1 4.3 Group 42.2 4.1 9.0 Group 35.1 1.8 5.5 ^ Pro-forma growth, presented as if the effective date of the Vodafone Egypt acquisition was 1 April 2022 and on a constant currency basis. * Normalised growth, which presents performance on a comparable and constant currency basis.#37Country data A 【】 South Africa Tanzania DRC Mozambique Lesotho Egypt Safaricom Kenya Safaricom Ethiopia Population (million) 61.3 67.4 102.3 33.9 2.3 112.7 55.1 126.5 GDP per capita (USD) 6 180 1 230 657 569 992 2831 2003 961 GDP growth estimate³ (%) 0.6 5.5 6.5 6.5 0.7 3.7 5.2 6.0 Ownership (%) 100 75 51 85 80 55 34.94$ 6.2 Licence expiry period 2041 2031 2028/2032/2038 2038 2036 2031 2032/2024/202600 2036 Customers (thousand) 47 256 18 502 21 785 11 867 1 531 47 022 44 115 4 125 ARPU (rand/month) 94ª 434 454 47A 574 46A 74.6B ARPU (local currency/month) 94ª 5 557A 2.4ª 1634 574 76A 563.3ẞ * The Bureau of Economic Research for SA and Fitch Solutions for all other countries (Extraction date: September 2023). * Vodacom Group Limited owns 87.5% of Vodafone Kenya Ltd, which in turn holds 39.93% of Safaricom Plc, giving Vodacom an effective holding in Safaricom of 34.94%. μ 2028 (2G licence), 2032 (3G licence) and 2038 (4G licence). "Licence period based on spectrum band rather than technology. A Total ARPU is calculated by dividing the average monthly service revenue (including fixed line and other service revenue) by the average monthly customers during the period. B Total ARPU is calculated by dividing the average monthly service revenue (excluding fixed line and other service revenue) by the average active monthly customers during the period.#38Definitions Customers Customers are based on the total number of mobile customers using any service during the last three months. This includes customers paying a monthly fee that entitles them to use the service even if they do not actually use the service and those customers who are active whilst roaming Data customers Data customers are based on the number of unique users generating billable data traffic during the month. Also included are users on integrated tariff plans, or who have access to corporate APNs, and users who have been allocated a revenue generating data bundle during the month. A user is defined as being active if they are paying a contractual monthly fee for this service or have used the service during the reported month Free cash flow M-Pesa customers M-Pesa customers are based on the number of unique users who have generated revenue related to M-Pesa during the last month South Africa ARPU Total ARPU is calculated by dividing the sum of the customer and incoming revenue for the period by the average monthly active customers during the period EBITDA Earnings before interest, taxation, depreciation and amortisation, impairment losses, profit/loss on disposal of investments, property, plant and equipment, and intangible assets, profit/loss from associate and joint venture, restructuring cost and BEE income/charge MOU Cash generated from operations less additions to property, plant and equipment and intangible assets, proceeds on disposal of property, plant and equipment and intangible assets, tax paid, net finance charges paid and net dividends received/paid and movements in amounts due to M-Pesa account holders Vodacom (Pty) Limited, a private limited liability company duly incorporated in accordance with the laws of South Africa and its subsidiaries, joint ventures and SPV's International International comprises the segment information relating to the non-South African-based cellular networks in Tanzania, the Democratic Republic of Congo, Mozambique and Lesotho as well as the operations of Vodacom International Limited (Mauritius) and Vodacom Business Africa Group (Pty) Limited and its subsidiaries HEPS Minutes of use per month is calculated by dividing the average monthly minutes (traffic) during the period by the average monthly active customers during the period Normalised growth (*) Normalised growth, which presents performance on a comparable basis. This adjusts for foreign currency fluctuation on a constant currency basis (using the current period as base) and excludes the impact of merger, acquisition and disposal activities at a constant currency basis where applicable, to show a like-for-like comparison of results Operating free cash flow Cash generated from operations less additions to property, plant and equipment and intangible assets other than licence and spectrum payments and purchases of customer bases, net of proceeds on disposal of property, plant and equipment and intangible assets, other than license and spectrum payments and disposals of customer bases and movements in amounts due to M-Pesa account holders Headline earnings per share#39Forward-looking statement This presentation which sets out the interim results for Vodacom Group Limited for the six months ended 30 September 2023 contains 'forward-looking statements', which have not been reviewed or reported on by the Group's auditors, with respect to the Group's financial condition, results of operations and businesses and certain of the Group's plans and objectives. In particular, such forward-looking statements include statements relating to: the Group's future performance; future capital expenditures, acquisitions, divestitures, expenses, revenues, financial conditions, dividend policy, and future prospects; business and management strategies relating to the expansion and growth of the Group; the effects of regulation of the Group's businesses by governments in the countries in which it operates; the Group's expectations as to the launch and roll out dates for products, services or technologies; expectations regarding the operating environment and market conditions; growth in customers and usage; and the rate of dividend growth by the Group. Forward-looking statements are sometimes, but not always, identified by their use of a date in the future or such words as "will", "anticipates", "aims", "could", "may", "should", "expects", "believes", "intends", "plans" or "targets" (including in their negative form). By their nature, forward-looking statements are inherently predictive, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the following: changes in economic or political conditions in markets served by operations of the Group; greater than anticipated competitive activity; higher than expected costs or capital expenditures; slower than expected customer growth and reduced customer retention; changes in the spending patterns of new and existing customers; the Group's ability to expand its spectrum position or renew or obtain necessary licences; the Group's ability to achieve cost savings; the Group's ability to execute its strategy in fibre deployment, network expansion, new product and service roll- outs, mobile data, Enterprise and broadband; changes in foreign exchange rates, as well as changes in interest rates; the Group's ability to realise benefits from entering into partnerships or joint ventures and entering into service franchising and brand licensing; unfavourable consequences to the Group of making and integrating acquisitions or disposals; changes to the regulatory framework in which the Group operates; the impact of legal or other proceedings; loss of suppliers or disruption of supply chains; developments in the Group's financial condition, earnings and distributable funds and other factors that the Board takes into account when determining levels of dividends; the Group's ability to satisfy working capital and other requirements; changes in statutory tax rates or profit mix; and/or changes in tax legislation or final resolution of open tax issues. All subsequent oral or written forward-looking statements attributable to the Group or any member thereof or any persons acting on their behalf are expressly qualified in their entirety by the cautionary statements above and below. Vodacom expressly disclaims any liability in respect of the content of any forward looking statement and also expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein or to reflect any change in their expectations with regard thereto or any change in events, conditions or circumstances on which any such forward-looking statement is based. O#40More information Upcoming dates 3Q24 results 2 February 2024 Visit our website for more information http://www.vodacom.com About us What we do Our purpose Investor relations Media COVID-19 Careers Contact us a Investor relations FY24 results 13 May 2024 Home lovestor relations AGM TBC 1Q25 results 24 July 2024 Investor relations overview Information for our shareholders and the capital market Vodacom is a leading and purpose-led African connectivity and financial services company The Group. Including Safaricom, serves 186 million customers spanning across the consumer and enterprise segments. From our roots in South Africa, we have grown our business to include operations in Tanzania, the DRC, Mozambique, Lesotho, Kenya, Ethiopia and now Egypt. Our mobile networks cover a total population of over 500 million people. Fact sheet-PDF 1MB Our investment case Our business thrives because of our purpose-led business model, which is enabled by a powerful multi-product strategy called the system of advantage, Our investment case Contact us [email protected] Follow us on social media @Vodacom f Facebook.com/vodacom Financial results & Presentations > We have released our annual results for 30 June 2025 Integrated report>> Our integrated report demonstrates how we deliver on our purpose-to connect for a better future-and provides the supporting qualitative and quantitative information. Stock information and SENS > Overview of our share price and SENS company announcements > Third Placed Large Cap Vodacom Group