Team Internet Group Plc · LSE:TIG
Team Internet — H1 2025 Earnings Presentation
25 slides from Team Internet's earnings presentation, Sep 1, 2025
Slide 1: Investor Presentation
Investor Presentation 1 September 2025
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Team Internet Group plc (“the Company”) in connection with its H1 2025 results (the “Investor Update”). The information set out in this presentation is not intended to form the basis of any contract. By attending (whether in person, by telephone or w
Slide 3: Business and strategy; Financials and outlook
01 Business and strategy 02 Financials and outlook 3
Slide 4: Metamorphosis in Motion: Scaling our businesses with innovation and operational excellence
Metamorphosis in Motion: Scaling our businesses with Domains Comparison innovation and operational excellence Search Search in the context of our diversified portfolio of growth businesses Domains, Identity & Software (DIS) Comparison Search We are the internet’s Recurring revenue model In a world o
Slide 5: DIS Transformation: Profitable, Value-Added Growth
DIS Transformation: Profitable, Value-Added Growth Operational KPIs1: -4% • Quality over quantity: Domain-year volumes softened as we focus on profitable, scalable 13.4 12.9 contracts rather than sheer volume • Margin resilience: Lower headline volumes offset LTM H1 2024 LTM H1 2025 Total domain yea
Slide 6: Comparison Transformation: Resilience and Expansion
Comparison Transformation: Resilience and Expansion Operational KPIs1: +1% • Resilient traffic economics: Despite Google algorithm changes, volumes and price per 177.5 179.3 session held steady • Scalable growth engine: Paid traffic strategies LTM H1 2024 LTM H1 2025 Visitor Sessions (m) with precis
Slide 7: Search Transformation: Next-Generation
Search Transformation: Next- Generation Operational KPIs1: +16% • Volumes resilient: Session volumes continued to grow as AFD CPC declines gradually due to 7.1 customer opt-out 6.1 • Overlapping uplift: Continued AFD activity LTM H1 2024 LTM H1 2025 alongside RSOC ramp-up delivered overlapping Visit
Slide 8: Financials and outlook
01 Business and strategy 02 Financial and outlook 8
Slide 9: Financial metrics reflect planned Search transition — cash conversion and liquidity remain strong
Financial metrics reflect planned Search transition — cash conversion and liquidity remain strong Gross Revenue Net Revenue Adjusted EBITDA1 Operating Loss2 $263.9m (36%) $72.8m (25%) $24.6m (47%) $(7.0)m n.m. H1 2024: $409.7m H1 2024: $97.7m H1 2024: $46.6m H1 2024: $22.9m Adjusted EPS2 Net Debt Ad
Slide 10: Income Statement
Income Statement ($, m) H1 2025 H1 2024 % Change Revenue 263.9 409.7 (36%) Cost of Sales (191.1) (312.0) Net Revenue (Gross Profit) 72.8 97.7 (25%) • As expected, revenues are Gross Margin % 27.6% 23.8% moderating during the Search Operating Expenses (79.5) (73.5) 8% transition phase, while results
Slide 11: Balance Sheet
Balance Sheet ($, m) H1 2025 H1 20243 % Change • Net debt stands at 1.7x TTM Non-Current Assets 303.9 360.3 (16%) Adjusted EBITDA Current Assets 151.3 203.6 (26%) • Net debt decreased by USD 3.3m Total Assets 455.2 563.9 (19%) since FY 2024 following: Non-Current Liabilities 199.7 232.4 (14%) Curren
Slide 12: High cash conversion of Adjusted EBITDA
High cash conversion Cash generation from operations = 109% of Adjusted EBITDA Cash conversion Adjusted Cashflow Bridge: H1 2025 H1 2024 109% 87% (%) Cashflow from operations 19.7 36.5 Exceptional costs 7.2 2.2 26.9 24.6 40.6 46.6 Settlement of non-recurring working - 1.9 capital items Adj. cashflow
Slide 13: 2025 Outlook: Navigating Change, Building for Scale
2025 Outlook: Navigating Change, Building for Scale ○ The first half of 2025 was a period of strategic transformation. Each segment has been repositioned to be more resilient, with modernised products, expanded addressable markets, and a streamlined cost base. ○ Since then, all three segments have d
Slide 14: Thank you
Thank you tj team internet.
Slide 15: Glossary of Terms
Glossary of Terms Adtech Domain Years An umbrella term for advertising technology Number of domain years sold (number of domains x number of years). Used instead of number of domains as occasionally customers register or renew domain names Artificial Intelligence or ‘AI’ for multiple years The theor
Slide 16: Appendix
Thank you Appendix 16
Slide 17: In DIS, Team Internet is a leading distribution channel for domains and one-stop shop
In DIS, Team Internet is a leading distribution channel for domains and one-stop shop for their users Reseller Retail Enterprise Access 2.5M SMBs 250k in c.200 countries Market features via 20k channel partners • Subscription revenues • Huge customer stickiness - only 3% of CUSTOMERS customers chang
Slide 18: Search engine users are directed to review websites before buying
Search engine users are directed to review websites before buying the product of their choice at an ecommerce partner Search engine user experience: Team Internet places ads for product The online consumer is then presented The online consumer then clicks out to categories on search engines. Due to
Slide 19: Evolving our Monetisation Model for Sustainable Growth
Evolving our Monetisation Model for Sustainable Growth a AdSense For Domains (AFD) Is Being Deprioritised by Google What has • Starting March 19, 2025, Google began auto-opting advertisers out of AFD • Advertisers must manually opt back in to continue monetising parked domains happened • This marks
Slide 20: AdSense For Domains (AFD): A High-Performing Legacy Workflow—Now Being Deprioritised
AdSense For Domains (AFD): A High-Performing Legacy Workflow—Now Being Deprioritised How AFD monetises intent efficiently Capture Attention Qualify the Intent Refine the Need Match to Monetisation Complete the Journey We run targeted They land on an intent- The user is shown We serve an ad aligned T
Slide 21: RSOC (Related Search on Content): Building the Future of Monetisation
RSOC (Related Search on Content): Building the Future of Monetisation Through Content-Driven Engagement Social media user journey through RSOC monetisation flow 01 02 03 04 Spark Interest Deliver Context Trigger Intent Drive Conversion We run targeted ads on social to Users land on content-rich page
Slide 22: Online consumers value the noise reduction and privacy – value is captured through commercial alliances
Online consumers value the noise reduction and privacy – value is captured through commercial alliances Team Internet and its partners place a broad array of contact points Value Creation in the form of ads Value Capture Merchant pays Consumer engages Online consumers: Team Internet, with a Team Mer
Slide 23: Domains, Identity & Software: Scaling From Domain Sales to Digital Identity Infrastructure
Domains, Identity & Software: Scaling From Domain Sales to Digital Identity Infrastructure THE PROBLEM WE SOLVE THE OPPORTUNITY THE CHALLENGES OUR LICENSE TO WIN MAKING GLOBAL DOMAIN ACCESS BUILDING THE OPERATING SYSTEM FRAGMENTED ECOSYSTEMS TRUSTED INTEGRATION PARTNER SIMPLE, COMPLIANT & SCALABLE F
Slide 24: Comparison: Transforming a national champion into global consumer guide authority
Comparison: Transforming a national champion into global consumer guide authority THE PROBLEM WE SOLVE THE OPPORTUNITY THE CHALLENGES OUR LICENSE TO WIN CUTTING THROUGH DIGITAL NOISE UNLOCKING GROWTH THROUGH OVERCOME GROWTH BARRIERS SEA-FIRST PLATFORM BUILT FOR WITH TRUST AND INTELLIGENCE FULL-STACK
Slide 25: Search: Scaling From a High-Performance Model to a Future-Proof Platform
Search: Scaling From a High-Performance Model to a Future-Proof Platform THE PROBLEM WE SOLVE THE OPPORTUNITY THE CHALLENGES OUR LICENSE TO WIN BRIDGING WEB 1.0 ENHANCING BRAND AND USER USER ENGAGEMENT UNMATCHED SCALE AND WEB 2.0 EXPERIENCE Younger audiences are abandoning We’re transforming micro-s