Earnings release
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Vodacom Group Limited Trading update for the quarter ended 30 June 2021 Results announcement Vodacom Group Limited ( Incorporated in the Republic of South Africa ) ( Registration number 1993/005461/06 ) ISIN : ZAE000132577 ISIN : US92858D2009 ( Vodacom ) News release Share code : VOD ADR code : VDMCY Vodacom Group Limited trading update for the quarter ended 30 June 2021 23 July 2021 Highlights • Group revenue of R24.8 billion was up 9.0 % , as strong normalised growth of 14.2 % * was partially offset by the rand's recovery . The rand appreciated by 20 % against a basket of our international currencies , impacting reported growth . Normalised Group service revenue growth was 7.8 % as International growth accelerated . South Africa service revenue was up 5.2 % to R14.1 billion , reflecting sustained demand for connectivity services and strong growth in new services . Strong M - Pesa revenue supported normalised growth of 13.5 % * for our International markets , while on a reported basis , service revenue of R5.3 billion declined by 6.3 % as a result of currency translation . Group financial services revenue , excluding Safaricom , contributed 9.8 % of consolidated services revenue and grew 33.9 % * on a normalised basis . Rm Group service revenue South Africa International Group revenue South Africa International Included in Group service revenue Group financial services revenue¹ Quarter ended 30 June 2021 19 165 14 070 5301 24 779 19 535 5 495 1877 2020 18 761 13 378 5 658 22 730 17 255 5 794 1 599 YoY % change Reported 2.2 5.2 ( 6.3 ) 9.0 13.2 ( 5.2 ) 17.4 Normalised * 7.8 5.2 13.5 14.2 13.2 15.2 33.9 Notes : Certain financial information presented in this results announcement constitutes pro - forma financial information in terms of the JSE Listings Requirements . The applicable criteria , on the basis of which this pro - forma financial information has been prepared , is set out in the supplementary information on pages 13 to 14 . The pro - forma financial information has not been audited or reviewed or otherwise reported on by external auditors . The quarterly information has not been audited or reviewed by Vodacom's external auditors . All growth rates quoted are year - on - year and refer to the quarter ended 30 June 2021 compared to the quarter ended 30 June 2020 . Amounts marked with an * in this document represent normalised growth which presents performance on a comparable basis . This excludes merger acquisition and disposal activities where applicable and adjusting for trading foreign exchange and foreign currency fluctuation on a constant currency basis ( using the current year as base ) to show a like - for - like comparison of results . ' The combination of South Africa financial services and International M - Pesa revenue . Page 1 of 16