Vodafone Idea Ltd · NSE:IDEA
Vodafone Idea — Investor Presentation (September 2025)
36 slides from Vodafone Idea's investor presentation, Sep 10, 2025
Slide 1: Exchange filing cover letter under Regulation 30
10 September 2025 National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, Phiroze Jeejeebhoy Towers, Bandra - Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Dear Sir, Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requiremen
Slide 2: Vodafone Idea Limited September 2025
Vi Vodafone Idea Limited September 2025
Slide 3: C2 – Vodafone Idea Internal
C2 – Vodafone Idea Internal
Slide 4: VIL: An Overview
VIL: An Overview Extensive network Advanced technology and c: umer experience Progressive 5G Rollout Initiated roll-out in 26° cities € (G ») ) in 15 circles oo In areas where Vi 5G is live ols over 70% of eligible users have already experienced ~8,030 MHz Spectrum holdings” Towns and villages cover
Slide 5: Competitive and adequate spectrum to fuel growth
Competitive and adequate spectrum to fuel growth Spectrum Holding per mn subs! - unpaired basis (MHz) Spectrum excl 5G per mn subs All spectrum which can be utilised towards 4G* Spectrum (MHz? 1,812.8 2,338.4 1,920.8 Subscribers (Mn)? 197.7 362.8 498.1 ™ Vodafone ldea Mi Bharti Airtel Mf Jio 13.5 12
Slide 6: o o C2 – Vodafone Idea Internal
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Slide 7: VIL has strong parentage, Aditya Birla Group and Vodafone Group as promoters
◼ VIL has strong parentage, Aditya Birla Group and Vodafone Group being the promoters ◼ In addition to being the policy maker and largest creditor, Government of India owns ~49%1 equity stake post the conversion of — debt representing NPV (~Rs 161.3 bn) of interest arising from deferment of AGR and
Slide 8: C2 – Vodafone Idea Internal
C2 – Vodafone Idea Internal
Slide 9: Growth potential in the Indian telecom sector (1/2)
Growth potential in the Indian telecom sector (1/2) India is expected to become the third largest economy by 2028 Large and growing population - Real GDP growth YoY (%)and Population growth YoY (%)! —* Real GDPGrowth [NEI Population Growth Ranking of top 5 economies based on Nominal GDP! 11% 1.9% 10
Slide 10: Growth potential in the Indian telecom sector (2/2)
Broadband Subscribers! (mn) Smartphone adoption? in India Projected smartphone adoption? Penetration by access technology” (Jun 2025) ~21x more wireless broadband subscribers Wireline 1. Source: TRAI Subscription Report Jun’26. (% of population - Jun end) ~935 61% 63% sex 58% Wireless 2021 2022 2023
Slide 11: C2 – Vodafone Idea Internal
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Slide 12: Market structure providing clear runway for market repair
Market structure providing clear runway for market repair Market structure that encourages healthy competition Aircel Sistema Reliance 7.8% 0.4% Comms 71% BSNL+MTNI 8.9% CMS Mar 2017! >10 operators Tata 4.2% Cae Significant growth potential for Telecom Revenue Gross Revenue (Rs BnP FY13 to FY25 - CA
Slide 13: C2 – Vodafone Idea Internal
C2 – Vodafone Idea Internal
Slide 14: C2 – Vodafone Idea Internal
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Slide 15: Focused investments to drive coverage & capacity expansion
EiFocused investments to drive coverage & capacity expansion ..driving 4G coverage expansion... % of Industry Applicable gross 4 revenue (ApGR) in QIFY26 Pre-Merger Me beh 34% Focused network investment in 17 priority circles Applicable Gross revenue market share QIFY26 (%)' PE circ! Gujarat ee 28%
Slide 16: C2 – Vodafone Idea Internal
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Slide 20: C2 – Vodafone Idea Internal
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Slide 23: C2 – Vodafone Idea Internal
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Slide 24: Accelerating IoT with end-to-end solutions
ElAccelerating loT with end-to-end solutions Scaling up the value chain loT Constituents Applications, Data Analytics & Consulting Platforms Network & Managed ‘Communication Hardware Connectivity loT market to expand, VIL well pos’ . First telcoto have end-to-end Integrated loT offering, comprising
Slide 25: C2 – Vodafone Idea Internal
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Slide 26: Awards & Accolades
Awards & Accolades 2023 ————_o—_____—_—_—___“—“_—__ See CIO Choice Award ET Brand Equity Cloud Telephony, loT, SD-WAN DG+ Awards Services, Carrier (Mobile Access), Digital Campaign in B2B Carrier (International Access), Category’ for RBM, ReadyForNext Assessment ReadyForNext initiative for MSMEs 5m
Slide 27: Vodafone Idea's digital propositions & integrated platform
ZiVodafone Idea’s digital propositions & integrated platform VIL CUSTOMER OFFERINGS DYNAMIC PLATFORM WITH DEEP INTEGRATION CAPABILITY VIL PARTNERS Consumer Business Business Services, SME, SoHo Cinema /TV Shows Live TV Global & Regi Providers Ecommerce players Financial services nal Content eT YOU G
Slide 28: C2 – Vodafone Idea Internal
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Slide 30: C2 – Vodafone Idea Internal
C2 – Vodafone Idea Internal
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Slide 32: Key operating and financial trends
Key operating and financial trends Sustained Growth in 4G Subscribers (Million) Data Volume (Billion MB) MH Overallsubs BM 4G subs 6,748 6,166 210.4 205 199.8 198.2 197.7 a _ _ a L QuFy25 Qarv25 QSFY25 QaFY25 QIFY26 QIFy25 Q2rv25 QSFY25 Qary2s QIFY26 Improving Customer ARPU (ex-M2M) (Rs) Revenue & E
Slide 33: Rating movement
Aug'21 Feb'22 Jun'24 Apr'25 B+ BB+ BBB- B- (Outlook (Outlook (Outlook (CWN) Stable ) Stable) Stable) Rating movement -2N +2N +3N +1N BBB- – – – (Outlook Stable) C2 – Vodafone Idea Internal
Slide 34: Glossary
Glossary MHz Mega Hertz TDD Time Division Duplex OFC Optical Fibre Cable MW Microwave IRU Indefeasible Right to Use ORAN Open Radio Access Network ARPU Average Revenue Per User Per Month vRAN Virtual Radio Access Network NPV Net Present Value NSA Non-Standalone AGR Adjusted Gross Revenue M2M Machine
Slide 35: Disclaimer
Disclaimer This presentation (‘Presentation’) is issued by Vodafone Idea Limited (the “Company’) for general information purposes only, without regard to any specific objectives, suitability, financial situations and needsof any particular person. This Presentation does not constitute any recommenda
Slide 36: C2 – Vodafone Idea Internal
C2 – Vodafone Idea Internal
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