Vodafone Idea Limited — PPTs, 13-12-2024: Investor Presentation

**Financial Highlights:** Vodafone Idea Limited (VIL) has reported a strong upward trend in Average Revenue Per User (ARPU) for 13 consecutive quarters, currently at ₹166. The company achieved its highest EBITDA post-merger at ₹45.5 billion. Debt from banks has decreased by ₹117 billion over the past two years, indicating improved financial health.

**Strategic Initiatives and Growth Drivers:** VIL plans to focus on expanding its 4G coverage in 17 priority circles and gradually implement 5G technology. The capex commitment is projected between ₹50-55 billion over the next three years to enhance network capacity and customer experience.

**Business Developments:** VIL continues to convert dues into equity, including a ₹14.4 billion conversion from American Tower Corp. The consortium of Vodafone Group and Aditya Birla Group remains committed to the long-term growth of VIL, showcasing strong promoter backing.

**Market Position and Competitive Advantage:** VIL maintains a competitive position in the Indian telecommunications market, with a subscriber base of approximately 205 million. The telecom sector dynamics are shifting positively, with a recent tariff hike expected to support an annualized revenue growth of ~8% for FY25.

**Investor Implications:** VIL's focus on enhancing subscriber quality, operational efficiency, and network modernization supports a positive outlook. Investors should watch for continued improvements in ARPU and debt reduction as VIL navigates the competitive landscape.