Idea Vodafone India M erger Investor Presentation 20 th M arch 2017 - PowerPoint PPT Presentation

Idea – Vodafone India M erger Investor Presentation 20 th M arch 2017

Disclaimer This presentation has been prepared by Idea Cellular Limited (a Aditya Birla Group company) (“ Idea ” ) solely for information purposes in relation to a potential arrangement between Idea and Vodafone India Limited (a group company of Vodafone Group Plc) pursuant to scheme of arrangement without any regard to any specific need of any particular person. By reviewing this presentation, or by attending the meeting where this presentation is made, or by reading the slides of this presentation, you agree to be bound by the trailing restrictions regarding the information disclosed in these materials. Failure to comply with this directive may result in a violation of the applicable law in certain jurisdictions. This presentation and its contents are confidential and should not be distributed, published or reproduced, in whole or part, or disclosed by recipients, either directly or indirectly, to any other person. 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This presentation is not for publication or distribution, directly or indirectly, in or into the United States, Canada or Japan. These materials are not an offer of securities for sale in or into the United States, Canada or Japan. 2

M erger of Idea and Vodafone India A strong proposition for all stakeholders Realizing the ‘Digital India’ vision Delivering benefits for consumers Creating value for shareholders 3

Realizing the ‘Digital India’ vision Transform India into a digitally empowered society Accelerate the availability of high-speed mobile broadband services throughout India Support sustained investment to create a ‘World-Class’ telecom infrastructure Better utilisation of national resources and creation of ‘Digital Highways’ Improved capability to offer Digital S ervices including content and transition Indian masses to a Digital L ife Drive Financial Inclusion through deeper penetration of Payment Banking and Digital Wallet Services 4

Delivering benefits for consumers Deliver consumer benefits through combination of networks & spectrum holdings Excellent consumer experience & industry leading coverage on back of complementary footprint L arges t broadband and voice capacity to market unlimited voice plans & very large mobile broadband bundles Offer attractively priced services and innovative products in a competitive telecom market Best-in-class National & International Roaming experience Better offerings for Enterprises across the country 5

Creating value for shareholders Ability to generate better returns Substantial Opex & Capex synergies Creating a stronger listed business with a deep spectrum position – Accretive transaction Improved R eturn on capital from higher s cale. S ynergy benefits to enable fas ter de-leveraging of balance s heet Improvement in overall consumer ARPU levels due to higher adoption of broadband and digital services 6

Key highlights 1 Creation of India’s largest telecommunications company 2 Equal partnership between Aditya Birla Group and Vodafone Group 3 Strategic fit and complementary assets 4 Significant synergies 5 Unlocking further value through monetisation of tower assets 7

Current holding structure Idea Vodafone India Promoters Public Vodafone 42.45% (1) 57.55% 100% Transaction perimeter 100% Idea VM SL VIL 42% 100% 49% 100% Subs / J Vs of Indus Other ABTL ABIPBL VIL / VM SL Towers Subs • M -Pesa • ICISL 11.15% • Y ou Broadband (2) • Payments • ICSL • Firefly (3) • ITL Bank • Support Services Indus • IM CSL Towers Composite scheme of merger ❶ M erger of VM SL into Idea ❷ M erger of VIL into Idea Abbreviations: Notes: Please refer to detailed structure chart in Supporting M aterials section ABTL: Aditya Birla Telecom Limited IM CSL: Idea M obile Commerce Services Ltd. 1. Idea Cellular shareholding as on 31 December 2016 ABIPBL: Aditya Birla Idea Payments Bank Limited VM SL: Vodafone M obile Services Limited 8 2. Vodafone has acquired You Broadband. The transaction is subject to completion ICISL: Idea Cellular Infrastructure Services Limited VIL: Vodafone India Limited 3. Firefly: JV between Vodafone and Bharti Airtel to provide WiFi hotspots ICSL: Idea Cellular Services Limited