Investor Presentation

15 September 2026 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 Requirements) Regulations, 2015 – Investor Presentation Ref: “Vodafone Idea Limited” (IDEA/532822) Pursuant to Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investor Presentation being uploaded on the website of the Company at www.myvi.in. The above is for your information and records. Thanking you, Yours truly, For Vodafone Idea Limited Pankaj Kapdeo Company Secretary Encl: As above Vodafone Idea Limited An Aditya Birla Group & Vodafone partnership Birla Centurion, 10th to 12th Floor, Century Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400030. T: +91 88287 66000 Registered Office: Suman Tower, Plot No. 18, Sector 11, Gandhinagar - 382011, Gujarat. T: +91 79667 14000 | F: +91 79 2323 2251 | CIN: L32100GJ1996PLC030976 Vodafone Idea Limited September 2026 C2 –Vodafone Idea Internal Company Overview C2 – Vodafone Idea Internal An Overview Network Assets Formidable wireless player • ~8,030 MHz - Spectrum Holdings (1) • 3 decades of Telco expertise • 209,000+ Unique sites • Strong Promoters • 351,000+ km OFC (2) • Credit rating • Crisil A -/Stable • ICRA A - (Stable) Scale and reach Digital Assets • 487,000 + towns and villages covered • 193+ Mn subscriber base Vi App • 1.2 Bn + population coverage • 200+ cities with live 5G coverage in all 17 circles (1) with 5G spectrum • ~640k retailers • 2.7k+ branded stores; 650+ cities Source: Company filings , data as of June 30, 2026 unless otherwise specified C2 – Vo(1d)a Infoclnudee Isd 1e7a.6 IMntHezr onfa nlon -liberalized spectrum. Liberalized spectrum is spectrum freely usable towards deployment of any tech nology. (2) Including own built, IRU OFC and excluding overlapping routes. Growth Opportunities C2 – Vodafone Idea Internal Indian telecom : Structural growth drivers and market upside Low penetration – large market Macroeconomic Tailwinds potential •India one of world’s fastest -growing major 1 2 economies 1 •Overall wireless teledensity 3 nearly 82%, rural teledensity 3 over 60% •Large and growing population •Increasing technology adoption across age groups •Government Push for India’s Digital Revolution Growth Growing revenue; Stable market Drivers Improving Adoption structure •Wireless is the key to connectivity in India as wireless subscribers 3 are ~20x of wireline subscribers 3 – over •3 private players + 1 Government player 950 Mn wireless subscribers •ARPU – Among the lowest globally •Over 790 Mn UPI transactions 4 worth nearly Rs. 96,000 •Data consumption – Among the highest globally and Cr. undertaken daily 4 continuing to grow •As of 2025, 70% individuals in India use internet 5 up from 20% in 2018 C2 – Vodafone Idea Internal Source: 1. IMF World Economic Outlook Database, Apr 2026; 2. GSMA Intelligence Dashboard 3. TRAI Subscription Report July 2026; all figs excl. M2M except rural teledensity . 4. NPCI Database. A Unified Payment Interface (UPI) is an instant real - time payment system developed by National Payments Corporation of India (“NPCI”) facilitating inter -bank transaction via a smart phone application. Data as of August 2026.. 5. World Bank Database Strategy C2 – Vodafone Idea Internal Our 1- 2- 3 Strategy SUSTAINED THRICE Subscriber Addition Cash EBITDA in 3 years 2 DOUBLE DIGIT Revenue Growth 17- 5- 5 Brand Capitalising on Service as a Enterprise Network Play Reappraisal for ARPU growth differentiator Business scale subs growth levers C2 – Vodafone Idea Internal 17- 5 - 5 Network play ApGR* market share Q1FY27 (%) 1 % of Industry ApGR Regaining coverage parity in 17 Mumbai 33% 3.9% key circles Kerala 32% 3.5% Gujarat 27% 5.9% Haryana 25% 2.1% Kolkata 22% 1.9% s e Maharashtra 21% 8.6% Rs. 45,000 Cr r Delhi 21% 5.5% y UP - W 21% 5.1% 5 other circles to have 100% k UP - E 16% 7.8% 2G=4G on national highways, 7 1 Punjab 16% 3.0% key state highways, airports, L I West Bengal 15% 4.8% places of tourists’ interest V Capex plan towards Tamil Nadu 14% 7.0% Madhya Pradesh 14% 6.2% network roll out till FY29 Rajasthan 11% 5.5% Andhra Pradesh 10% 7.4% Karnataka 9% 6.5% Bihar 6% 7.4% Himachal… 5% 0.7% Seamless 5G experience across Assam 4% 2.2% urban markets North East 3% 1.2% Orissa 3% 2.7% #1 operator #3 operator J & K 1% 1.0% #2 operator #4 operator 17 key circles account for ~99% of VIL revenue 1 (92%+ of industry revenue) 1 C2 – Vodafone Idea Internal Source: 1. Based on quarterly TRAI Financial Reports . *Applicable Gross revenue Brand Reappraisal for subscriber growth Roll out of refreshed identity P NEW IDENTITY Dynamic new logo signals an optimistic future — the yellow dot moved to C the top, cuing Vi’s growth momentum BRAND AMBASSADOR Shah Rukh Khan was announced as the new brand ambassador of Vi CAMPAIGN R The new ad campaign ‘ Vi pe sab hain VIP’ powerfully captures Vi’s commitment towards inclusivity WHY IT MATTERS Shah Rukh Khan coming on board symbolizes the energy, ambition and optimism for the new phase in the brand’s journey C2 – Vodafone Idea Internal Brand Reappraisal for subscriber growth The association with Shah Rukh Khan has energised Vi for the next phase of growth #SRK is From Curiosity to a cultural wave on Vi 1.3Mn+ * Views Tease Drop Reaction Amplification #BoloVi Music Video Launch 867K Real people, real love for Followers @viofficialfanworld Instagram Channel Vi X SRK C2 – Vodafone Idea Internal *As of 10th September 2026 Capitalising on ARPU growth levers Upsell opportunities supported by ARPU expanding as share of 4G/5G Improving engagement as subs mix moves structural growth in digitalization and data customers improves favourably 75.0% Subscribers ( Mn) ARPU (x times ) ARPU (Rs.) 4G/5G Subs Data per 4G/5G sub (MB) % 4G/5G Subs 28.0 138.5 Organic ARPU 70.0% 67.4% growth Including 195 195 136.5 64.4% impact of tariff 65.0% 23.0 21.7 hike 134.5 60.3% 193.1 60.0% 170 132.5 17.3 130.1 18.0 55.0% 15.6 154 130.5 50.0% 63.0 145 128.5 127.4 13.0 126.7 45.0% 126.5 120 124.5 8.0 40.0% Total Subs Non-4G/5G non-ULD ULD users Subs C2 – Vodafone Idea Internal Source: Q1FY27 company filings. Service as a differentiator Service at Touch Points AI led initiatives • Expanding retail footprint to 2.7k+ branded stores, Super Agents across 650 + cities Gen AI + Emotional intelligence • ~640 k retailers to deliver reach and our service for elevating contact center, promise Outbound & Vi App experience Gaining competitive EDGE through service Voice Biometric differentiation For secure, frictionless and i@50 quicker authentication • Aims to empower customers with faster service by reducing assisted interactions by 50% at touchpoints • Delivered a 42% reduction in assisted customer complaints to date Self - Healing Network For reducing service disruptions • Aims to eliminate repeat contact for same issue through proactive detection and through Zero Interaction Complaints . fixes • Reduction in interaction -related complaints by 74% across all touch points C2 – Vodafone Idea Internal Enterprise Business scale Be the trusted partner to Enterprises – powering their businesses in a digital economy Drive Segmented Grow Core Accelerate Invest in NextGen GTM Connectivity IoT Services › Industry vertical › Dedicated Enterprise › IoT Smart Central › Strengthen Cloud Corridors offerings solutions platform Hyperscaler / Large multi-cloud platform gain wallet share monetize, AI prognostics needs › Enrich SaaS portfolio › Product › Leverage IoT › Pvt Networks digital journeys on Vi Penetration Index innovation lab for Industry 4.0 Marketplace (PPI) innovative use -cases › AI enabled value › NextGen SOCaaS › Greater expand security practice adds participation in CCaaS, CPaaS, Hybrid SD-WAN, AI powered marke [Showing first 8,000 characters — download PDF for full document]