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Investor Presentaiton

Summary and outlook airtel | Africa Another strong year • • . • Delivering financially: Revenue growth in all regions and services Margins increasing Free cash flow generation improving Stronger balance sheet Delivering strategically: Successful investment and monetization activities PSB in Nigeria Accelerating our strategic pillars through digitalisation Underpinned by our sustainability ambition Creating value for all our stakeholders Our outlook . • Strong long term business fundamentals with track record of solid execution Focus to remain on improving network quality and availability, and our distribution... and on this year delivering our Nigerian PSB opportunity While mindful of currency and repatriation risks we continue to work actively to mitigate all our material risks There are inflationary pressures, but we continue to target revenue growth ahead of the market, and moderate margin expansion 34
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