VEON Ltd. (NASDAQ:VEON) Q2 2022 Earnings Conference Call August 4, 2022 8:00 AM ET Company Participants Nik Kershaw - Group Director of Investor Relations Kaan Terziolu - Chief Executive Officer Serkan Okandan - Group Chief Financial Officer Nik Kershaw Good afternoon and good morning, everyone. Welcome to VEON's Second Quarter Results Presentation for the period ending 30 June 2022. I'm Nik Kershaw of VEON's Investor Relations. I'm pleased to be joined on the line today by Kaan Terziolu, our Group CEO; alo ...

| --- | --- | --- | --- | |----------------------------|-------|-------|-------| | | | | | | | | | | | VEON | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | SECOND QUARTER 2022 | | | | | | | | | | | | | | | RESULTS | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | STRONG OPERATIONAL RESULTS | | | | | | | | | | IMPROVED PROFITABILITY | | | | - KYIVSTAR Wh canglaint TOFFEE beeline izi Beeline Beeline TV Amsterdam, 4 August 2022 – VEON Ltd. (VEON) announces its results ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of April 2022 Commission File Number 1-34694 VEON Ltd. Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o. Information contained in this report The information set forth in this Form 6-K is hereby incorporated by reference into the r ...

Use these links to rapidly review the document TABLE OF CONTENTS TABLE OF CONTENTS Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o ...

VEON Ltd. (NASDAQ:VEON) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants Nik Kershaw - Group Director of Investor Relations Kaan Terzioglu - Chief Executive Officer Serkan Okandan - Group Chief Financial Officer Conference Call Participants Operator 00:08 Good morning and good afternoon, ladies and gentlemen, and welcome to VEON'S First Quarter Trading Update for the period ended March 31, 2022. I'm Nik Kershaw VEON's Group Director of Investor Relations. I'm pleased to be joi ...

Call Start: 08:00 January 1, 0000 8:55 AM ET VEON Ltd. (NASDAQ:VEON) Q4 2021 Earnings Conference Call February 28, 2022 08:00 ET Company Participants Nik Kershaw - Group Director of Investor Relations Kaan Terzioglu - Chief Executive Officer Serkan Okandan - Group Chief Financial Officer Conference Call Participants Alastair Jones - Renaissance Capital Cesar Tiron - Bank of America Ivan Kim - Xtellus Capital Stella Cridge - Barclays Bank Nik Kershaw Welcome to the VEON's Fourth Quarter Results presentation ...

Financial Data and Key Metrics Changes - In Q3 2021, group revenues grew by 11.2% year-on-year in local currency, with a total revenue increase of 10.2% in reported currency [5][21] - Local currency EBITDA increased by 9.1%, while reported EBITDA rose by 8.6%, resulting in a reported EBITDA margin of 44.4% [5][21] - Net income for Q3 was reported at $195 million, compared to a net loss in the same quarter last year [22] Business Line Data and Key Metrics Changes - Revenue growth was observed across all markets, with double-digit growth in five countries, particularly in Kazakhstan with a 25.5% increase [7][12] - In Russia, Beeline's total revenues rose by 8.2% year-on-year, with mobile service revenue growth of 4.5% [8] - In Ukraine, Kyivstar achieved a 12% revenue growth, supported by a significant rise in 4G penetration [10] - Pakistan's revenue grew by 13%, with adjusted EBITDA growth of 24.6% after accounting for a one-off item [11] - Kazakhstan's data revenue grew by 40%, with ARPU increasing by 22.7% [12] Market Data and Key Metrics Changes - Strong performance was noted in core growth markets: Ukraine, Pakistan, and Kazakhstan, all showing double-digit growth in both revenue and EBITDA [7][33] - Bangladesh experienced a 7.2% revenue growth despite challenges, with a 61% increase in 4G subscribers [13] - The 4G subscriber base across various markets continues to grow, contributing to increased data usage and revenue [14][16] Company Strategy and Development Direction - The company is focused on increasing 4G subscriber penetration, aiming for a medium-term target of 70% [35] - There is a strategic emphasis on digital services, with significant growth in platforms like JazzCash and Toffee [35][36] - The company is actively managing its infrastructure portfolio, including the sale of tower assets in Russia and establishing separate tower entities in Ukraine and Pakistan [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a minimum of 8% local currency growth in EBITDA for the full year, reflecting better-than-expected performance [6][31] - The company is optimistic about revenue trends in Bangladesh, viewing it as a market with good structural growth opportunities [34] - Management highlighted the importance of cost efficiency initiatives under Project Optimum, aiming for a 1-2 percentage point improvement in cost intensity by FY2023 [25][35] Other Important Information - The company recorded a significant increase in operational cash flow, amounting to $509 million for the quarter [27] - The net debt level was reported at $8.15 billion, with a leverage ratio of 2.5 times, which is in line with internal comfort levels [28] Q&A Session Summary Question: Comments on Russian market turnaround and EBITDA growth - Management acknowledged the turnaround in Russia and noted that while EBITDA growth may be slower, the focus on network investments is critical for future growth [43][48] Question: ARPU growth in Russia - Management indicated that ARPU growth is currently slow but emphasized the potential for improvement as 4G penetration increases [44][49] Question: Efficiency improvements in Russian operations - Management confirmed ongoing optimization of the distribution network and store closures to enhance efficiency [51] Question: Monetization of tower assets in other countries - Management reiterated the commitment to unlocking value from tower assets across the portfolio, with established entities in Pakistan and Ukraine [53] Question: Free cash flow outlook and dividend considerations - Management expects strong free cash flow generation in Q4, with a commitment to maintaining a dividend policy of at least 50% of equity free cash flow after license payments [65][66] Question: Spectrum investment decisions - Management stated a disciplined approach to spectrum investments, with no current plans to bid in Pakistan due to unfavorable currency conditions [69][70]

3Q21 RESULTS | --- | --- | --- | --- | |-----------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | VEON | | | | | EXECUTION GAINS MOMENTUM: | | | | | ANOTHER QUARTER OF DOUBLE -DIGIT GROWTH | | | | | RAISING FULL YEAR EBITDA GUIDANCE | | | | October 28, 2021 1 AGENDA 1. OPENING Nik Kershaw 2. HIGHLIGHTS & BUSINESS UPDATE Kaan Terzioğlu 3. 3Q21 FINANCIAL RESULTS Serkan Okandan 4. CLOSING REMARKS Kaan Terzioğlu 2 DISCLAIMER This presentation contains "forward- ...

VEON Ltd. (NASDAQ:VEON) Q2 2021 Earnings Conference Call August 31, 2021 8:00 AM ET Company Participants Nik Kershaw - Head, IR Kaan Terzioglu - Co-CEO Sergi Herrero - Co-CEO Serkan Okandan – CFO Conference Call Participants Vyacheslav Degtyarev - Goldman Sachs Group Ivan Kim - Xtellus Capital Henrik Herbst - Morgan Stanley Alexander Vengranovich - Renaissance Capital Good day, and thank you for standing by. Welcome to the VEON Q2 2021 Results Conference Call. At this time, all participants are in a listen- ...

VEON Ltd. (NASDAQ:VEON) Q1 2021 Earnings Conference Call April 29, 2021 8:00 AM ET Company Participants Nik Kershaw - Head, Investor Relations Kaan Terzioglu - Co-Chief Executive Officer Sergi Herrero - Co-Chief Executive Officer Serkan Okandan - Chief Financial Officer Conference Call Participants Ondrej Cabejsek - UBS Alastair Jones - New Street Research Henrik Herbst - Morgan Stanley Vyacheslav Degtyarev - Goldman Sachs Group Ivan Kim - Xtellus Capital Operator Good day, ladies and gentlemen and welcome ...