3Q22 Results and Portfolio Strategy

3Q22 HIGHLIGHTS TOTAL REVENUE USD 2,077mn +3.6% YoY +3.4% YoY local currency Equipment revenue in Russia down 58.5% YoY due to lower device sales SERVICE REVENUE USD 1,968mn +7.9% YoY +7.8% YoY local currency Mobile ARPU up YoY in local currency across all markets 4G USERS 107mn +15.1% YoY Subscriber base +0.8% YoY 4G penetration reaches 52.7% EBITDA USD 889mn 0.0% YoY CAPEX USD 404mn +6.0% YoY GROUP CASH POSITION USD 3,293mn $2,560mn at HQ VEON +0.7% YoY local currency Solid EBITDA performance across the Group -3.6 p.p. YoY Capex intensity At 21.6%, LTM capex intensity continues to decrease Sale of the Algerian business for c.USD 682mn 12

View entire presentation