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Vodafone Group Plc : H1 FY22 results 16 November 2021 Demonstrating sustainable growth in both Europe and Africa Group service revenue growth of 2.8 % * in the first half of FY22 • Adjusted EBITDAaL growth of 6.5 % * and margin expansion of 0.7 * percentage points year - on - year to 33.6 % ● Good performance in Germany with 1.2 % * service revenue growth and 7.7 % * Adjusted EBITDAaL growth Pre - tax return on capital employed increased by 0.8 percentage points to 6.3 % Committed to improving returns through growth and portfolio action ● ● Financial results Group revenue Group service revenue Operating profit² Adjusted EBITDAAL 23 Profit for the financial period² Basic earnings per share² Adjusted basic earnings per share²3 Interim dividend per share Cash inflow from operating activities Adjusted free cash flow³ ● Page 12 12 12 12 12 For more information , please contact : Investor Relations 23 23 39 23 24 3.40c 4.90c 4.50c 6,455 23 ( 44,298 ) Net debt2,3 25 ( 43,886 ) 1. " * " represents organic growth . See page 2. | 2. Prior period re - presented for Vodafone Egypt which is no longer held for sale . See pages 24 and 30 . 3. Non - GAAP measure . See page 46 . Investors.vodafone.com ir@vodafone.co.uk H1 FY22 € m 22,489 19,010 2,620 7,565 1,277 H1 FY21 € m Media Relations Vodafone.com/media/contact GroupMedia@vodafone.com 21,427 18,418 3,354 7,011 1,468 4.30c 3.96c 4.50c 6,009 451 O Change¹ % We know there is more to do and our focus remains on driving growth . We are structured for value creation , with operational priorities and portfolio actions which are designed to improve returns at pace . " ● Group revenue increased by 5.0 % to € 22.5 billion , mainly driven by service revenue growth in Europe and Africa FY22 Adjusted EBITDAaL guidance narrowed to top end of range € 15.2 - € 15.4 billion ( from € 15.0 – € 15.4 billion ) , and Adjusted free cash flow upgraded to at least € 5.3 billion ( from at least € 5.2 billion ) ● Interim dividend per share of 4.5 eurocents , record date 26 November 2021 5.0 2.8 * Nick Read , Group Chief Executive , commented : " The results show we have demonstrated good sustainable growth and solid commercial momentum . Our strengthened performance in Africa and Europe puts us on track to be at the top end of our guidance for this year , as well as firmly within our medium - term financial ambitions . ( 21.9 ) 6.5 * Registered Office : Vodafone House , The Connection , Newbury , Berkshire RG14 2FN , England . Registered in England No. 1833679 A webcast Q & A session will be held at 10am on 16 November 2021. The webcast and supporting information can be accessed at investors.vodafone.com 7.4 ( 0.9 )