Investor Presentaiton

airtel | Africa Nigeria: Strong performance, and returned to net customer growth Revenue grew 27.7% driven by both voice and data (revenue in reported currency revenue grew by 21.0%). Voice revenue grew 15.9% driven by voice ARPU growth of 20.7% as a result of increase in voice usage per customer. Data revenue grew 41.1% driven by data ARPU growth of 37.6%. Increase in data ARPU was contributed by increase in data usage per customer (43.8%) and continued expansion of 4G network (98.5% sites are now on 4G). Underlying EBITDA margin of 55.2%, an improvement of 114 basis points. Operating free cash flow up 50.7%, driven by underlying EBITDA growth. NIN-SIM update: Outgoing voice revenues for those active subscribers who have not yet linked their NIN with their SIM amount to around 7% of total revenues from Nigeria. Revenue $1,878m +27.7% YoY Underlying EBITDA $1,037m +30.4% YoY Underlying EBITDA margin Customer base¹ 55.2% 44.4m 114 bps YoY ARPU $3.8 +33.0% YoY 5.8% YoY Op FCF $786m +50.7% YoY Notes: Growth in constant currency unless otherwise stated. Customer base as at 31 March 2022. 1. 37

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