Team Internet Group Plc · LSE:TIG
Team Internet — Non-Deal Roadshow (June 2026)
25 slides from Team Internet's roadshow presentation, June 2026
Slide 1: Powering identity and discovery online.
Powering identity and discovery online. Investor Presentation June 2026
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Team Internet Group plc (“the Company”) in connection with its FY 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
01 Business and strategy 02 FY25 financials & current trading 03 Value and outlook 3
Slide 4: The market is pricing the disruption we have worked through, not the business we have built
The market is pricing the disruption we have worked through, not Comparison the business we have built Most of the Group's value sits today in DIS and Comparison Together ~80% of Group adjusted EBITDA, the higher-quality earnings ~80% Industry consolidation creates a favorable position for Search of
Slide 5: The vast majority of Group earnings now come from businesses unaffected by the Search transition
The vast majority of Group earnings now come from businesses Domains Comparison unaffected by the Search transition, improving quality of earnings Search Composition of Group earnings 50% 55% 29% 15% 21% 29% Domains, Identity & Software (DIS) Comparison Search Recurring digital identity infrastructu
Slide 6: DIS: Recurring infrastructure with expanding value-added services
DIS: Recurring infrastructure with expanding value-added services Operational KPIs1: -7% • Higher-quality earnings: Deliberate optimisation of lower-margin relationships improved divisional 13.2 12.3 profitability despite lower domain-year volumes • Pricing power demonstrated: Revenue per FY 2024 FY
Slide 7: Comparison: A smarter, AI-built platform, scaling internationally
Comparison: A smarter, AI-built platform, scaling internationally Operational KPIs1: -10% • Resilient traffic economics: Despite Google algorithm changes in early 2025, lower 188.5 169.4 volumes were offset by improved price per session FY 2024 FY 2025 Visitor Sessions (m) • Year-end acceleration su
Slide 8: Search transformation: Advantaged by the shake-out
Search transformation: Advantaged by the shake-out Operational KPIs1: -19% • Transition completed: The move away from AFD and toward next-generation monetisation formats has now been completed 6.8 5.5 • Market leadership established: Industry FY 2024 FY 2025 Visitor sessions (bn) disruption has led
Slide 9: FY25 financials & current trading
01 Business and strategy 02 FY25 financials & current trading 03 Value and outlook 9
Slide 10: Financial metrics reflect the previously announced Search transition
Financial metrics reflect the previously announced Search transition — cash conversion and generation remain strong Gross Revenue Net Revenue Adjusted EBITDA1 Operating Loss2 $481.9m (40%) $136.2m (27%) $42.7m (54%) $(49.9)m n.m. FY 2024: $802.8m FY 2024: $187.5m FY 2024: $91.9m FY 2024: $8.2m Adjus
Slide 11: Income Statement
Income Statement ($, m) FY 2025 FY 2024 % Change Revenue 481.9 802.8 (40%) Cost of Sales (345.7) (615.3) Net Revenue (Gross Profit) 136.2 187.5 (27%) • As expected, revenues are Gross Margin % 28.3% 23.4% moderating during the Search Operating Expenses (185.6) (178.7) 4% transition phase, with resul
Slide 12: Balance Sheet
Balance Sheet ($, m) FY 2025 FY 2024 % Change • Decrease in Non-Current Assets Non-Current Assets 250.5 298.8 -16% relates to non-cash impairment Current Assets 152.3 180.8 -16% charges in the Search segment Total Assets 402.8 479.6 -16% Non-Current Liabilities 20.6 212.8 -90% • Net debt decreased b
Slide 13: High cash conversion of Adjusted EBITDA
High cash conversion Cash generation from operations = 155% of Adjusted EBITDA Cash conversion1 Adjusted Cashflow Bridge: FY 2025 FY 2024 108% 155% (%) Cashflow from operations 53.5 85.9 Exceptional costs 12.5 11.3 99.1 91.9 66.0 42.7 Settlement of non-recurring working - 1.9 capital items Adj. cash
Slide 14: A strong start to 2026
A strong start to 2026 Comparison Group has delivered a strong start to 2026 Five months to 31 May 2026: USD 148m gross revenue, USD 50m net revenue, and USD 16m adjusted EBITDA EBITDA momentum continues to build Year-to-date EBITDA run-rate is ahead of the H2 2025 run-rate DIS and Comparison contin
Slide 15: Value and outlook
01 Business and strategy 02 FY25 financials & current trading 03 Value and outlook 15
Slide 16: Unlocking shareholder value from a position of strength
Comparison STRATEGIC REVIEW Unlocking shareholder value from a position of strength Discussions continue with selected parties regarding a potential disposal of DIS The Board will pursue an outcome only where it delivers fair value > GBP 120m DIS disposal guidance Outcome expected to be announced in
Slide 17: Balance sheet strengthened; refinancing advancing
FINANCING AND CAPITAL ALLOCATION Balance sheet strengthened; refinancing advancing Aligned Wider Covenant Rightsized Full Refinancing Maturities Headroom Volume Advancing Materially strengthened Aligned with current needs, Discussions with fixed income Amended facilities position remove unnecessary
Slide 18: A substantial damages claim, a further potential source of value
ANTITRUST CLAIM A substantial damages claim, a further potential source of value Established Competitive Recovery Process Recent Court Cases Disadvantage Underway › › Conduct and damage of interest Courts in several EU member states have The Group is now pursuing recovery of established by a final r
Slide 19: Navigating Change, Building for Scale
2026 OUTLOOK Navigating Change, Building for Scale ○ We are executing the 2026 business plan with strong foundations across the Group: ○ - DIS remains a resilient long-duration core business ○ - Comparison continues to broaden and grow strongly ○ - Search is operating on a next-generation monetisati
Slide 20: Everything begins with a name.
Everything begins with a name.
Slide 21: 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 22: Thank you
Thank you Appendix 22
Slide 23: In DIS, Team Internet is a leading distribution channel for domains
In DIS, Team Internet is a leading distribution channel for domains and one-stop shop for their users Reseller Retail Enterprise Access 7M+ SMBs 195k in c.200 countries Market features via 17k channel partners • Subscription revenues • Huge customer stickiness - only 3% of CUSTOMERS customers change
Slide 24: 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 e-commerce 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 25: RSOC: Building the Future of Monetisation Through Content-Driven Engagement
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