Slide 1: Q3/9M 2025 Results Presentation
Q3/9M 2025 Results Presentation 21 October 2025
Slide 2: Important Notice / APMs
Important Notice / APMs This presentation as well as any information communicated in connection This document contains alternative performance measures (APM) that are therewith (the “Presentation”) contains information regarding TeamViewer not defined under IFRS. The APMs (non-IFRS) can be reconcile
Slide 3: Important Notice / APMs (continued)
Important Notice / APMs (continued) • Net Retention Rate (NRR) (cc) is defined as Retained ARR (cc) at the end • Adjusted Net Income is the net income adjusted for certain income and of the reporting period divided by the Total ARR at the end of the prior- expenses. These adjustments are: share-base
Slide 4: Business Overview
Business Overview Oliver Steil (CEO) & Mark Banfield (CRO)
Slide 5: Overview
Overview Continued profitable topline growth while undergoing strategic transformation Pro forma Revenue growth Pro forma ARR up 4 % cc yoy on the back Strong profitability with pro of +4 % cc yoy; growth of strong TeamViewer standalone forma Adj. EBITDA Margin of across all regions in cc Enterprise
Slide 6: Revenue growth (cc) across all regions; Enterprise ARR up 12% cc
Revenue growth (cc) across all regions Enterprise ARR up 12% cc and revenue up 8% cc yoy Regional Development Customer Categories (pro forma Revenue, % yoy) (pro forma, % yoy) EMEA 53 % €101.5m (+6 % | 6 % cc) AMERICAS 38 % ENT SMB €72.1m (-1 % | 2 % cc) 30 % 70 % Revenue: Revenue: €57.9m (+5 % | 8
Slide 7: Continued growth in Enterprise across all ARR value ranges
Continued growth in Enterprise across all ARR value ranges SMB (ARR view) Enterprise (ARR view) (€m; % yoy cc; pro forma) (€m; % yoy cc; pro forma) € 1,500 - <10,000 ARR € >200,000 ARR 230.5 529.6 0% cc 526.3 € 500 - <1,500 ARR +12% cc € >100,000 ARR € <500 ARR 208.0 € >50,000 ARR € 10,000 - 50,000
Slide 8: Continued good progress on 1E post merger integration
Continued good progress on 1E post merger integration Accelerate business growth and maximize customer benefits as quickly as possible Expected Duration 0-3 months 4-6 months 7-9 months 10-12 months Post-Closing Enabled Enterprise Mobilized Go-to-Market cross-selling and SMB cross-selling with Integ
Slide 9: The transformation is still ongoing - concrete actions to address 1E performance
The transformation is still ongoing - concrete actions to address 1E performance Current Business Impact Concrete Actions 1E standalone performance Improve go-to-market setup for DEX ENT • Pipeline conversion in Q3 slower • Sales Leadership Consolidation: M. Banfield appointed Chief Revenue Officer
Slide 10: DEX Essentials adoption is gaining momentum among SMBs
DEX Essentials adoption is gaining momentum among SMBs TeamViewer DEX Essentials Proactive IT with real-time visibility, automated fixes, and zero disruption. 2x number of customers using DEX capabilities within last 9 months 100k endpoints using DEX Essentials as of mid Oct 2025 10 TeamViewer | Q3
Slide 11: Agentic AI: Our right to win builds on our unique AI proposition
Agentic AI: Our right to win builds on our unique AI proposition, combining data and capabilities 1 as of October 20th, 2025 11 TeamViewer | Q3 2025 Results
Slide 12: Transforming digital workplace management by embedding AI at its core
Transforming the digital workplace management by embedding AI at its core (Agentic) AI Make work work better Company Digital Workplace Management (DWM) Category Spanning IT-OT-Frontline Autonomous Augmented Connected Endpoint Management (AEM) Workforce TMV ONE Best-of-Suite Integration Play Remote /
Slide 13: Financial Overview
Financial Overview Michael Wilkens (CFO)
Slide 14: Q3 2025: Continued topline growth with strong Adj. EBITDA margin
Q3 2025: Continued topline growth with strong Adj. EBITDA margin Topline KPIs Q3 2025 Profitability / Cash Q3 2025 (% and pp yoy; pro forma) (% and pp yoy; pro forma) €192.0m €87.7m Revenue Adjusted EBITDA +3 %/+4 % cc +1 % €756.8m Adjusted EBITDA 46 % ARR +3 %/+4 % cc Margin -1 pp €230.5m €0.34 ENT
Slide 15: Q3 2025: Top line impacted by ongoing transformation, strong profitability
Q3 2025: Top line impacted by ongoing transformation strong profitability with 46% margin Quarterly Revenue and Growth Rates ARR and Growth Rates Adjusted EBITDA and Margin (€m; %; pro forma, (€m; %; pro forma, (€m; %; pro forma) Q3–Q4 2024 yoy growth rates reflect TeamViewer standalone) Q3–Q4 2024
Slide 16: Double-digit Enterprise ARR growth on strong TeamViewer ENT standalone
Double-digit Enterprise ARR growth on the back of strong performance of TeamViewer ENT standalone Quarterly ENT Revenue and Growth Rates ENT ASP (ARR)1 ENT Customers2 (€m; %; pro forma; Q3–Q4 2024 yoy growth rates reflect TeamViewer standalone) (€k; pro forma) (eop; pro forma) 44 45 44 44 44 63.8 59
Slide 17: Strategic investment in SMB ecosystem impacted SMB ARR and KPIs
Strategic investment in SMB ecosystem long-term impacted SMB ARR and related KPIs in short-term Quarterly SMB Revenue and Growth Rates SMB ASP (ARR)1 SMB Customer churn rate2 (€m; %; pro forma; Q3–Q4 2024 yoy growth rates reflect TeamViewer standalone) (€; pro forma) (%; LTM; pro forma) 131.6 131.5
Slide 18: Strong Adj. EBITDA margin of 46 %
Strong Adj. EBITDA margin of 46 % Q3 2025 Q3 2024 9M 2025 9M 2024 Q3 2025 pro forma Recurring Cost up in € million ∆% ∆% Pro forma Pro forma Pro forma Pro forma 4 % yoy Revenue 192.0 186.8 +3 % 572.9 544.7 +5 % • COGS: Broadly stable yoy Cost of Goods Sold (COGS) (15.1) (15.1) +1 % (46.8) (44.7) +5
Slide 19: Pro forma Adj. EPS up 15 % yoy vs. TMV standalone
Pro forma Adj. EPS up 15 % yoy vs. TMV standalone Q3 2025 Q3 2024 9M 2024 9M 2025 €m Pro forma TMV ∆% Pro forma TMV ∆% • Total interest expenses of €10.4m standalone standalone in Q3 2025, up €6.1m yoy; driven by EBITDA 82.0 74.1 +11 % 227.8 187.3 +22 % the financing of the 1E transaction D&A (13.4)
Slide 20: FCFE Conversion of 49 % YTD
FCFE Conversion of 49 % YTD Q3 2025 Q3 2024 9M 2025 9M 2024 €m Non-pro TMV ∆% Non-pro TMV ∆% forma1 standalone forma2 standalone • Decrease of pre-tax UFCF in Q3 Pre-Tax net cash from operating activities (IFRS) 46.7 66.3 -30 % 177.3 211.9 -16 % 2025 driven by moderate top-line Capital expenditure (
Slide 21: Pro forma net leverage ratio improved to 2.8x in line with deleveraging target
Pro forma net leverage ratio improved to 2.8x in line with deleveraging target Leverage further improved to 2.8x (€m) Post-1E, deleveraging to <2.0x by the end of 2026 3.2x 3.1x 2.9x 2.8x <2.0x Cash/Cash Op. Cash CapEx incl. Paid Net proceeds Other2 Cash/Cash Financial Net Finan. Equivalents Flow1 M
Slide 22: FY 2025 Pro forma guidance updated
FY 2025 Pro forma guidance updated • Under guided FX rates2, total Previous FY 2025 Current FY 2025 ARR is now expected in the range Guidance, pro forma1,3 Guidance, pro forma 1,2,3 of €780m – €800m (previously (Jan 1 - Dec 31, 2025) (Jan 1 - Dec 31, 2025) €815m – €840m) 815m - 840m ARR in € 780m -
Slide 23: FY 2025 Pro forma ARR and Revenue guidance ranges updated
FY 2025 Pro forma ARR and Revenue guidance ranges updated with operational and FX impact FY 2025 ARR FY 2025 Revenue (pro forma % yoy, in €m) (pro forma, % yoy, in €m) 7.5 % to 10.8 % 2.9 % to 5.5 % 0.3% to 2.9% 5.1 % to 7.7 % 5.1 % to 7.7 % 3.5% to 6.1% 840 (40) 800 797 n/a 797 ~(12) ~(20) 785 - -
Slide 24: Reduced 2025 ARR expectations impact FY 2026 Revenue
Reduced 2025 ARR expectations impact FY 2026 Revenue FY 2026 Revenue - preliminary view (pro forma % yoy, in €m) • Management remains highly committed to 2% to 6% accelerate ARR growth in 870 2026 and beyond - (45) 825 ~(25) 800 850 - - (60) 790 - 765 • However, the reduced 2025 ARR expectations do
Slide 25: Q&A
Q&A
Slide 26: Appendix
Appendix © TeamViewer
Slide 27: Overview Topline KPIs
Overview Topline KPIs Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Pro forma Pro forma Pro forma Pro forma Pro forma Pro forma SMB ARR2 in €m 526.3 532.0 535.2 533.4 529.6 528.8 ASP (ARR) in € 821.9 816.9 812.9 802.8 796.3 796.2 Number of customers1 640,342 651,221 658,327 664,461 665,147 664,197
Slide 28: Q3 2025: Reconciliation management metrics to IFRS
Q3 2025: Reconciliation management metrics to IFRS Pro forma Accounting Management view Pro forma Management view Other non-IFRS view in EUR million adjusted P&L adjustments Revenue adj. P&L D&A adjustments IFRS P&L Revenue 192.0 (2.5) 189.5 189.5 Cost of Goods Sold (COGS) (15.1) (15.1) (9.9) (0.1)
Slide 29: 9M 2025: Reconciliation management metrics to IFRS
9M 2025: Reconciliation management metrics to IFRS Pro forma Accounting Management view Pro forma Management view Other non-IFRS view €m adjusted P&L adjustments Revenue adj. P&L D&A adjustments IFRS P&L Revenue 572.9 (19.0) 553.9 553.9 Cost of Goods Sold (COGS) (46.8) 0.7 (46.1) (26.6) (1.6) (74.3)
Slide 30: Non-IFRS adjustments in EBITDA
Non-IFRS adjustments in EBITDA Basis of €m (unless otherwise stated) preparation Q3 2025 9M 2025 / definition Non-IFRS EBITDA adjusted by in Q3 2025 EBITDA APM 79.5 223.9 1) non-recurring items Total IFRS 2 charges (expenses for share-based compensation) APM +1.6 +12.9 • Share-based compensation TLO
Slide 31: Financial Statements
Financial Statements © TeamViewer
Slide 32: Profit & Loss Statement (IFRS)
Profit & Loss Statement (IFRS) € thousand Q3 2025 Q3 2024 ∆% 9M 2025 9M 2024 ∆% Revenue 189,484 168,681 +12 % 553,866 494,451 +12 % Cost of Goods Sold (COGS) (25,102) (17,392) +44 % (74,302) (62,890) +18 % Gross profit 164,381 151,288 +9 % 479,564 431,561 +11 % Research and development (23,542) (21,
Slide 33: Balance Sheet – Assets (IFRS)
Balance Sheet – Assets (IFRS) € thousand 30 September 2025 31 December 2024 Non-current assets Goodwill 1,118,984 668,091 Intangible assets 351,799 149,006 Property, plant and equipment 40,427 41,457 Financial assets 6,654 5,412 Investments in associates 15,823 20,862 Other assets 25,737 22,440 Defe
Slide 34: Balance Sheet – Equity & Liabilities (IFRS)
Balance Sheet – Equity & Liabilities (IFRS) € thousand 30 September 2025 31 December 2024 Equity Issued capital 170,000 170,000 Capital reserve 70,925 70,327 Retained earnings 108,788 27,893 Hedge reserve (996) 5,822 Foreign currency translation reserve (49,912) 4,653 Treasury share reserve (167,636
Slide 35: Cash Flow Statement (IFRS)
Cash Flow Statement (IFRS) € thousand Q3 2025 Q3 2024 ∆% 9M 2025 9M 2024 ∆% Profit before tax 39,212 60,122 -35 % 119,767 132,846 -10 % Depreciation, amortization and impairment of non-current assets 13,380 9,061 48 % 40,718 37,644 8% Increase/(decrease) in provisions 416 (73) n/a (8,178) 226 n/a No
Slide 36: Cash Flow Statement (IFRS, continued)
Cash Flow Statement (IFRS, continued) € thousand Q3 2025 Q3 2024 ∆% 9M 2025 9M 2024 ∆% Repayments of borrowings (65,000) (39,000) 67 % (195,000) (259,000) -25 % Proceeds from borrowings 33,000 4,000 n/a 753,000 194,000 288 % Payments for the capital element of lease liabilities (3,776) (1,921) 97 %
Slide 37: TeamViewer
TeamViewer