South Africa Highlights

Cash 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

View entire presentation