ex99-5.htm

Total customers

34.0 million

12.7%

High gross connections: increase of 15.4% year on year to 18.0 million

Revenue

R48.2 billion

17.1%

Profit from operations
(Statutory operating profit)

R12.5 billion

15.0%

EBITDA

R16.5 billion

15.7%

Net profit after tax

R8.0 billion

21.3%

Dividends

R5.9 billion

10.0%

EBITDA margin: 34.2% (2007: 34.6%)

Group highlights
For the year ended March 31, 2008 vs. prior year

New acquisitions and investments

• In order to ensure horizontal growth within our area of focus, Vodacom made investments in
the following companies:

– Increased investments in G-Mobile Holdings Ltd (Wi-Fi business)

– Invested in Xlink Communications (Pty) Ltd (service provider of wireless data transfer systems and
services)

– Launched Vodacom Business

• Effective September 13, 2006, Vodacom Service Provider Company (Pty) Ltd acquired the
contract customer base of approximately 160 thousand from Smartcom (Pty) Ltd. Group
also increased its effective equity interest in Smartcom (Pty) Ltd from 61.6% to 100%

• Acquired the customer base from Global Telematics SA (Pty) Ltd, effective April 1, 2008

• Increased equity interest in Smartphone SP (Pty) Ltd and Cointel VAS (Pty) Ltd from 70% to
100% during September 2007

New acquisitions and investments

Vodacom Business

• Vodacom Business was launched in
February 2008

– To offer the market a full set of
converged communications services

• Developed a service portfolio that
includes:

– Next-generation Internet Protocol ISP
and voice services

– Managed networks and infrastructure
services

– Access services

– Hosting and applications

• Platforms, systems and organisation
created and prepared to sell and bill
products

– Service portfolio coming on line during
the course of the year

Managed enterprise voice, VOIP and
VOIP gateway

• To be launched on July 1, 2008

• Launched on May 1, 2008

Hosting security and backup

ISPs

• ‘Dedicated Internet’ access launched

April 7, 2008

• ‘Broadband Internet’ access to be
launched in second quarter

Managed MPLS VPN service

• ‘MPLS VPN’ launched on April 7, 2008

Mobile TV / DVB-H

• 31 thousand Mobile TV users

• 22 TV channels

Vodafone live!, 3G / HSDPA

• Over 1.4 million Vodafone live! users
(2007: 899 thousand)

• 370 thousand data card and modem users
(2007: 149 thousand)

Data revenue

Data revenue as a % of service
revenue

50.0%
year on
year

Innovative South Africa non-voice products

• Mobile TV Playa: provides TV streaming

• Music station: live radio streaming

• Prepaid data bundles: data usage for prepaid

• MEEP: 18,666 PC and 7,665 handset users

• Reverse charge: call charged to receiving party

• Mobile advertising: R24.1 m in revenue to date

New products and services

• Vodaworld still the largest one-stop mobile
telecommunications mall

• Vodacom currently has 980 dealers and
franchises, including 39 Vodacare outlets

• More than 14 thousand retail outlets

• Currently 7 walk in customer care centres across
the country

Customer care and service

New products, services and customer care outlets - South Africa

• 500MT: Free on-net calls for December upon recharging with a 500MT voucher

• Vodakool: a WAP Portal that enables customers to access services like vodamail and jokes

• Market leader in data services: Voted best cellular network for the second consecutive year

Mozambique

New innovative products and services

• Vodacom plans to have the deal concluded and implemented by the fourth quarter of 2008

• Royal Bafokeng Holdings (Pty) Ltd and Thebe Investment Corporation (Pty) Ltd chosen as
preferred partners in R7.5 billion BBBEE deal

• Grouping structure of deal:

- 25% for all South African employees of Vodacom

- 30% for black South Africans and business partners via a Public Offer

- 45% for black strategic partners

BBBEE

Broad Based Black Economic Empowerment (BBBEE)

• Focus on horizontal growth and expansion

• Seek out new associated business opportunities in South Africa

• Further expansion into television and radio

• To play a significant role in international data transmission (Seacom, Eassy
Cable, etc)

• Focus on improving customer service and loyalty

• Focus on electronic communications, spearheaded by Vodacom Business

Way forward

(106.4%)

(609)

(295)

(116)

Net finance costs

21.3%

7,958

6,560

5,143

Net profit

(7.1%)

(4,109)

(3,836)

(3,084)

Taxation

(17.8%)

(31,715)

(26,919)

(22,234)

Operating expenses excluding depreciation,
amortisation, impairment and other

15.7%

16,463

14,227

11,809

EBITDA

(18.0%)

(3,972)

(3,367)

(2,943)

Depreciation, amortisation, impairment and
other

15.0%

12,491

10,860

8,866

Profit from operations

>200.0%

185

(169)

(523)

Net gain / (loss) on revaluations

16.1%

12,067

10,396

8,227

Profit before tax

17.1%

48,178

41,146

34,043

Revenue

2007

change

2008

2006

R million

Effective tax rate 34.1% vs. 36.9% prior year

DRC option liability R396.5 million (2007: R249.3 million)

Group income statement
Extract for the years ended March 31,

South Africa ARPU per month

South Africa ARPU

• Contract ARPU decreased
6.0% year on year to R486

• Prepaid ARPU decreased
1.6% year on year to R62

• Total ARPU remained stable
year on year at R125

• Prepaid ARPU stable as a result of
implementation of supplementary
disconnection rule

• Increase in bulk sms

• Customer mix kept total ARPU stable

• Usage decreased slightly by 4.3% to
66 minutes of use per month per customer

20.0%

2,297

1,914

1,334

DRC

15.6%

42,784

37,007

31,069

South Africa, including holding companies

17.1%

48,178

41,146

34,043

61.3%

434

269

158

Mozambique

36.1%

309

227

170

Lesotho

36.1%

2,354

1,729

1,312

Tanzania

2007

%
change

2008

2006

R million

Revenue driven by strong customer growth

Non-South African operations contributing 11.2% (2007: 10.1%)

Data revenue increased by 49.7% or R1.7 billion (2007: R1.3 billion)

Group revenue
By country

40.6%

1,836

1,306

971

International airtime

7.5%

5,052

4,699

3,986

Equipment sales

13.4%

8,887

7,835

6,697

Interconnection

14.3%

27,095

23,708

20,085

Airtime, connection and access

17.1%

48,178

41,146

34,043

19.5%

306

256

266

Other sales and services

49.7%

5,002

3,342

2,038

Data revenue

2007

%
change

2008

2006

R million

Revenue growth, excluding equipment sales was 18.3% (2007: 21.3%)

Data revenue as a % of service revenue was 11.9% (2007: 9.4%)

Group revenue
Revenue composition

EBITDA margin by country

• Group EBITDA performance

– Increased 15.7% year on year to R16.5 billion

– EBITDA margin decreased 0.4% points year on year to
34.2%

– EBITDA margin 39.3%, when excluding cellular phone
and equipment sales

• South Africa EBITDA

– Increased 14.1% year on year to R14.8 billion

– EBITDA margin decreased 0.4% points year on year to
34.6%

• EBITDA for non-South African operations

– Increased 33.1% year on year to R1.6 billion

– Non-South African operations contributed 9.8% of total
(2007: 8.5%)

– Mozambique’s negative EBITDA decreased from
R69 million to R32 million

15.7%
year on
year

EBITDA

EBITDA and margin analysis

31.4%

364

277

117

DRC

(30.4%)

(23)

Holding companies

32.9%

460

346

263

Tanzania

(0.5% pts)

25.9%

26.4%

26.0%

Profit from operations margin (%)

15.0%

12,491

10,860

8,866

11.3%

(157)

(177)

(144)

Mozambique

64.0%

123

Lesotho

13.4%

11,669

10,293

8,602

South Africa

2007

%
change

2008

2006

R million

Customer growth of 12.7% to 34.0 million

Revenue growth of 17.1% to R48.2 billion

Group profit from operations
By country

South Africa net interconnect

11.7%
year on
year

1.1%
year on
year

Factors affecting trends and margins

• South Africa traffic mix

– Outgoing traffic increased 12.4% year on
year to 15.3 billion minutes

– Incoming traffic increased 10.4% year on
year to 7.5 billion minutes

– Total traffic increased 11.7% year on year to
22.8 billion minutes

Gross capex additions as a % of revenue

Productivity measures

• Consolidated customers
per employee

Increased 6.9% year on year to 5,442
based on 6,247 employees

• Consolidated gross capex
additions as a % of revenue
decreased to 12.3% from 16.4%
in the previous financial year

• Gross capex additions was
R5.9 billion vs. R6.7 billion in the
previous financial year

Cash generated from operations

Free cash flow

• Taxation increased by 43.0% to R4.7 billion

• Net capex additions increased by 11.5% to
R6.5 billion

• Net finance costs increased by 130.2% to
R746 million

• Buy-out of all minority shareholders in the
Smartphone group for R956.5 million

Cash generation

• EBITDA increased by R2.2 billion

• Cash generated from operations
increased 17.8% to R16.3 billion

• Free cash flow decreased
8.0% to R3.4 billion

• Current facilities amount to
R5.8 billion

• Utilisation after final dividend -
R5.7 billion

Capex gross additions - 2008
R5,916 million

Capex gross additions - 2007
R6,748 million

South Africa capex gross additions decreased by 14.8% to R4.3 billion

Non-South African capex gross additions decreased by 3.5% to R1.5 billion

At March 31, 2008, capex contracted but not yet incurred amounted to R1.6 billion

Capex additions and composition
Including software

Gross debt composition
including bank overdrafts - 2008

R6,131 million

Gross debt composition
including bank overdrafts - 2007

R3,435 million

Net debt (excluding dividends and STC): R5,154 million (2007: R2,664 million)

Net debt to equity ratio 93.1% (2007: 72.8%) (including dividends and STC)

Net debt to EBITDA ratio 52.6% (2007: 42.4%) (including dividends and STC)

Debt composition

17.1%

17,582

15,011

13,860

Current liabilities

20.0%

34,175

28,470

24,768

Total equity and liabilities

25.6%

4,788

3,812

2,236

Non-current liabilities

22.4%

11,805

9,647

8,672

EQUITY AND LIABILITIES

Capital and reserves

20.0%

34,175

28,470

24,768

Total assets

27.3%

9,707

7,626

8,689

Current assets

17.4%

24,468

20,844

16,079

ASSETS

Non-current assets

2007

%
change

2008

2006

R million

Group balance sheet
Extract at March 31,

>200.0%

837

(108)

1,760

Cash and cash equivalents at the
end of the year

51.7%

(16)

Effect of foreign exchange rate changes

(106.1%)

(108)

1,760

2,173

Cash and cash equivalents at the
beginning of the year

144.5%

857

(1,926)

(397)

Net increase in cash and cash
equivalents

>200.0%

3,234

(200)

(107)

Net cash flows utilised in
financing activities

(13.9%)

(7,502)

(6,584)

(4,791)

Net cash flows utilised in investing
activities

5.5%

5,125

4,858

4,501

Net cash flows from operating activities

17.8%

16,334

13,866

11,090

Cash generated from operations

2007

%
change

2008

2006

R million

Group cash flow statement
Extract for the years ended March 31,

Disclaimer

• This presentation has been prepared and published by Vodacom Group (Pty) Ltd.

• Vodacom Group (Pty) Ltd is a private company and as such is not required by the Companies
Act 61 of 1973, as amended, to publish its results.

• Vodacom Group (Pty) Ltd makes no guarantee, assurance, representation and/or warranty as
to the accuracy of the information contained in this presentation and will not be held liable for
any reliance placed on the information contained in this presentation.

• The information contained in this presentation is subject to change without notice and may be
incomplete or condensed. In addition, this presentation may not contain all material
information pertaining to Vodacom Group (Pty) Ltd and its subsidiaries.

• Without in any way derogating from the generality of the foregoing, it should be noted that:

– Many of the statements included in this presentation are forward-looking statements that
involve risks and/or uncertainties and caution must be exercised in placing any reliance on
these statements. Moreover, Vodacom Group (Pty) Ltd will not necessarily update any of
these statements after the date of this presentation either to conform them to actual
results or to changes in its expectations.

– Insofar as the shareholders of Vodacom Group (Pty) Ltd are listed and offer their shares
publicly for sale on recognised stock exchanges locally and/or internationally, potential
investors in the shares of Vodacom Group (Pty) Ltd’s shareholders are cautioned not to
place undue reliance on this presentation.

	2008
• Total customers	24.8 million
• Gross connections	12.0 million
• Churn % *	42.3%
• Estimated SIM card penetration %	94%
• Profit from operations	R11.7 billion

	2008
• Total customers	4.2 million
• Gross connections	2.6 million
• Churn %	45.5%
• Estimated SIM card penetration %	20%
• Profit from operations	R460 million

	2008
• Total customers	3.3 million
• Gross connections	2.1 million
• Churn %	48.0%
• Estimated SIM card penetration %	12%
• Profit from operations	R364 million

	2008
• Total customers	395 thousand
• Gross connections	176 thousand
• Churn % 1.2 pts	17.8%
• Estimated SIM card penetration %	26%
• Profit from operations	R123 million

	2008
• Total customers	1.3 million
• Gross connections	951 thousand
• Churn %	58.7%
• Estimated SIM card penetration %	16%
• Loss from operations 11.3%	R157 million
• Loss from operations excluding impairment 17.5%	R127 million