Investor Presentaiton

Germany: Further slowdown Germany Service revenue Adj. EBITDAAL 36% of Group EBITDAaL1 -1.6% -6.1% Service revenue growth (%) 0.8% Key drivers • Cumulative customer losses impacting performance Partially offset by broadband ARPU growth and roaming recovery • Q3/Q4 pricing actions supporting inflow ARPU, trade-off with near-term net additions ⚫ EBITDAAL decline due to service revenue shortfall, prior year one-offs & increased energy costs Net additions ('000) -Reported organic DSL Cable Mobile contract 65 6 8 (8) (11) (0.5%) (40) (30) (14) O (1.1%) (11) (35) (34) (25) (49) (1.8%) (85) (2.8%) (105) Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY22 FY23 FY23 FY23 FY23 FY22 FY23 FY23 FY23 FY23 > vodafone 16 'Based on FY23 Adjusted EBITDAaL contribution FY23 Results: May 2023

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