Company: KYIV
Filing Date: 2025-06-05
Form Type: 425
Source: 0001213900-25-051631
Chunk: 18

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: 425
Chunk 18
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 self - service platform For B2B Ride - hailing and delivery platform We believe combining telecom and digital offerings increases customer engagement and loyalty

Uklon’s acquisition strengthens Kyivstar’s digital strategy 14 Kyivstar acquired 97% of Ukraine’s leading ride - hailing and delivery platform for $155m • Cross - selling opportunities expected to enhance multiplay penetration within Kyivstar’s customer base • Margin expansion arising from low customer acquisition costs • Uklon offers access to significant additional data with extensive and valuable customer data attributes • Improved customer service and customer retention driving more targeted value - offering across different channels Operates a leading delivery platform in Ukraine Completed 3m+ deliveries in 2024 100k+ driver - partners with presence across 29 cities operate on the Uklon platform Completed 100m+ rides in 2024 $67m revenue generated in 2024 29% revenue CAGR over the last three years (2021 – 2024) Self - sustaining business with significant growth potential Expanded to Uzbekistan in 2023 Potential synergies

19.7 20.7 23.0 2023 2024 Q1'25 LTM 33.5 36.9 40.4 2023 2024 Q1'25 LTM 15 Financial performance overview Kyivstar Group’s financials show resilient performance Notes: 1. Q1’25 LTM values calculated as 2024 measures minus corresponding measures for Q1’24 plus corresponding measures for Q1’25. Refer to p.31 - 32 for reconciliation of Q1’25 LTM values 2. Translated to US$ at period - avg UAH/US$ NBU FX rates: 36.59 (2023), 40.16 (2024) , 38.20 (Q1’24), 41.76 (Q1’25) 3. Translated to US$ at period - end UAH/US$ NBU FX rates: 42.04 (2024), 41.48 (Q1’25) 4. ROU – rights of use; refer to p.32 for reconciliation 5. CAPEX refers to CAPEX excl. licenses and ROU; refer to p.32 for reconciliation 6. $429m cash and cash equiv. at Kyivstar as of end - 2024 ($489m as of Q1’25) defined as $674