Investor Presentaiton

airtel | Africa Revenue grew by 17.2% in both reported and constant currency, driven by all the key services; voice, data and mobile money. Voice revenue grew 10.0% driven by customer base growth of 15.9%. Data revenue grew 31.0% largely driven by customer base growth of 21.3% supported by data ARPU growth of 1.3%. Mobile money revenue grew 29.6% driven by customer base growth of 21.8% and mobile money ARPU growth of 5.2%. Underlying EBITDA margin was 41.0%, an improvement of 337 basis points. Revenue $1,131m +17.2% YoY Underlying EBITDA $464m +27.7% YoY Underlying EBITDA margin Customer base¹ 41.0% 26.8m G337 bps YoY 15.9% YoY DRC Congo B Seychelles Francophone Africa: fastest growing customer base ARPU decline due to lower international call revenue and changes to local interconnect rates in Gabon, Niger and Congo. ARPU Op FCF $3.7 (1.9%) YoY $339m +23.1% YoY Madagascar Operating free cash flow increased 23.1% due to underlying EBITDA growth partially offset by higher capex spend. 1. Notes: Growth in constant currency unless otherwise stated. Customer base as at 31 March 2022. 39

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