VEON Ltd. · NASDAQ:VEON

VEON — Q2 2021 Earnings Presentation

10 slides from VEON's earnings presentation, Aug 30, 2021

  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 2Q21 2Q20 YoY 2Q21 2Q20 YoY Consolidated VEON Russian Ruble RUB 74.22 72.36 -2.6% 72.37 69.95 -3.5% Customers Euro EUR 0.83 0.91 8.6% 0.84 0.89 5.3% Russia Algerian Dinar DZD 133.37 128.30 -4.0% 134.44 129.1

  2. Slide 2: VEON index page (consolidated)

    VEON index page (in USD millions, unless stated otherwise, unaudited) Consolidated* 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 FY16 Pro-forma Warid FY17 FY18 FY19 IFRS 16 FY19** FY20 Total operating revenue 2,097 1,892 1,993 1,998 1,989 2,065 9,040 9,474 9,086 8,863 8,863 7,980 Service revenue 1,978 1,795 1,856

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

    VEON index page (in millions) Mobile customers 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 FY16 FY17 FY18 FY19 FY20 Russia 53.5 49.8 49.7 49.9 50.0 50.1 58.3 58.2 55.3 54.6 49.9 Algeria 14.2 13.9 14.2 14.1 14.1 13.9 16.3 15.0 15.8 14.6 14.1 Pakistan 62.0 62.8 64.2 66.4 69.2 69.8 51.6 53.6 56.2 60.5 66.4 Banglades

  4. Slide 4: Russia index page

    Russia index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 Total operating revenue 1,020 907 946 945 920 939 4,097 4,728 4,654 4,481 4,481 3,819 EBITDA 427 357 377 343 361 355 1,574 1,789 1,677 1,957 335

  5. Slide 5: Pakistan index page

    Pakistan index page (in USD millions, unless stated otherwise, unaudited) MOBILE 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 Total operating revenue 316 288 303 325 347 370 1,450 1,525 1,494 1,320 1,320 1,233 Service revenue 293 266 278 297 318 340 1,364 1,418 1,391 1,228 1

  6. Slide 6: Algeria index page

    Algeria index page (in USD millions, unless stated otherwise, unaudited) MOBILE 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 Total operating revenue 185 160 173 170 159 163 1,040 915 813 775 775 689 Service revenue 184 159 172 169 159 163 1,031 898 801 769 769 685 EBITDA 81

  7. Slide 7: Bangladesh index page

    Bangladesh index page (in USD millions, unless stated otherwise, unaudited) MOBILE 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 Total operating revenue 137 130 136 134 135 140 621 574 521 537 537 537 Service revenue 134 128 133 131 132 137 606 557 504 525 525 527 EBITDA 59 5

  8. Slide 8: Ukraine index page

    Ukraine index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 Total operating revenue 238 223 236 237 245 257 586 622 688 870 870 933 EBITDA 161 151 160 157 167 173 306 347 387 572 24 548 630 EBITDA margin

  9. Slide 9: Uzbekistan index page

    Uzbekistan index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 Total operating revenue 55 48 48 47 45 47 663 513 315 258 258 198 EBITDA 25.4 20.1 5.7 17.0 22.3 18.0 395 261 136 136 4 132 68 EBITDA margin

  10. Slide 10: Kazakhstan index page

    Kazakhstan index page (in USD millions, unless stated otherwise, unaudited) CONSOLIDATED 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 FY16 FY17 FY18 FY19 IFRS 16 FY19** FY20 Total operating revenue 118 111 122 128 128 137 364 416 441 486 486 479 EBITDA 63 61 64 76 66 72 161 180 206 270 17 254 265 EBITDA margin (%)

VEON — Q2 2021 Earnings Presentation on 6ix