VEON Ltd. · NASDAQ:VEON

VEON — Q2 2022 Earnings Presentation

10 slides from VEON's earnings presentation, Aug 4, 2022

  1. Slide 1: Average and closing rates of functional currencies to USD

    VEON Average and closing rates of functional currencies to USD Index sheet Consolidated VEON 2Q22 2Q21 YoY 2Q22 2Q21 YoY Consolidated VEON Russian Ruble RUB 66.63 74.22 10.2% 51.16 72.37 29.3% Customers Euro EUR 0.94 0.83 -13.2% 0.95 0.84 -13.1% Russia Algerian Dinar DZD 145.08 133.37 -8.8% 146.20 1

  2. Slide 2: VEON index page: consolidated financials

    VEON index page (in USD millions, unless stated otherwise, unaudited) Consolidated* 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 FY20 FY21 Total revenue 1,912 1,731 1,820 1,828 1,830 1,902 2,005 2,052 1,823 2,008 7,291 7,788 Service revenue 1,794 1,636 1,683 1,673 1,694 1,764 1,825 1,864 1,676

  3. Slide 3: VEON index page: mobile and fixed line customers

    VEON index page (in millions) Mobile customers 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 FY20 FY21 Russia 53.5 49.8 49.7 49.9 50.0 50.1 50.6 49.4 48.5 47.0 49.9 49.4 Algeria 14.2 13.9 14.2 14.1 14.1 13.9 14.1 14.3 14.4 14.4 14.1 14.3 Pakistan 62.0 62.8 64.2 66.4 69.2 69.8 71.4 72.6 75.0 75.5

  4. Slide 4: Russia index page

    Russia index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 FY20 FY21 Total revenue 1,020 907 946 945 920 939 1,025 1,067 857 1,053 3,819 3,950 EBITDA 427 357 377 343 361 355 384 376 327 449 1,504 1,476 EBITDA margin (%) 41.9

  5. Slide 5: Pakistan index page

    Pakistan index page (in USD millions, unless stated otherwise, unaudited) MOBILE 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 FY20 FY21 Total revenue 316 288 303 325 347 370 349 341 338 325 1,233 1,408 Service revenue 293 266 278 297 318 340 320 307 306 296 1,134 1,285 EBITDA 147 133 188 144 15

  6. Slide 6: Algeria index page

    Algeria index page (in USD millions, unless stated otherwise, unaudited) MOBILE 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 FY20 FY21 Total revenue 185 160 173 170 159 163 170 165 162 156 689 658 Service revenue 184 159 172 169 159 163 170 164 161 156 685 656 EBITDA 81 64 79 78 68 71 80 71 70

  7. Slide 7: Bangladesh index page

    Bangladesh index page (in USD millions, unless stated otherwise, unaudited) MOBILE 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 FY20 FY21 Total revenue 137 130 136 134 135 140 145 143 144 148 537 564 Service revenue 134 128 133 131 132 137 143 141 142 146 527 553 EBITDA 59 54 60 55 55 56 62 61

  8. Slide 8: Ukraine index page

    Ukraine index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 FY20 FY21 Total revenue 238 223 236 237 245 257 270 282 276 252 933 1,055 EBITDA 161 151 160 157 167 173 183 181 171 156 630 704 EBITDA margin (%) 67.8% 67.8% 67.8%

  9. Slide 9: Uzbekistan index page

    Uzbekistan index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 FY20 FY21 Total revenue 55 48 48 47 45 47 51 51 53 56 198 194 EBITDA 25.4 20.1 5.7 17.0 22.3 18.0 26.4 22.4 26.6 45.5 68 89 EBITDA margin (%) 46.4% 42.0% 11.9% 3

  10. Slide 10: Kazakhstan index page

    Kazakhstan index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 FY20 FY21 Total revenue 118 111 122 128 128 137 150 154 141 160 479 569 EBITDA 63 61 64 76 66 72 86 83 66 88 265 307 EBITDA margin (%) 53.6% 54.7% 52.9% 59.7% 51

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