Slide 1: United Internet AG Company Presentation FY 2024
UNITED INTERNET AG Company Presentation (FY 2024) 1 United Internet AG - Company Presentation FY 2024
Slide 2: Introduction of Carsten Theurer, CFO
INTRODUCTION OF CARSTEN THEURER, CFO Carsten Theurer, CFO since January 2025 ▪ Carsten has been a member of the Management Board of United Internet AG since 2025 and is responsible for Finance and Controlling, Risk Management/Internal Audit, Legal, Tax, M&A and Investment Management ▪ He previously
Slide 3: Group: KPIs FY 2024
GROUP: KPIs FY 2024 ▪ + 590,000 customer contracts to 29.02 million contracts Revenue and earnings figures (in € million) 2023 (1) 2024 (2) Change Revenues 6,213.2 6,329.2 + 1.9% EBITDA 1,292.1 1,294.0 + 0.1% EBIT 754.0 638.7 - 15.3% EPS (in €) 1.35 -0.28 - ▪ Included in EBITDA 2024: € -265.3 millio
Slide 4: Business Areas: Access & Applications
2 BUSINESS AREAS: ACCESS & APPLICATIONS ACCESS APPLICATIONS Consumer Access Consumer Applications Motivated Team ▪ 11,000 employees, of which approx. 4,000 in product management, development and data centers Powerful network infrastructure ▪ 66,000 km of fiber network ▪ 5G mobile network ▪ > 100,000
Slide 5: Group Structure
GROUP STRUCTURE (as of December 31, 2024) 1&1 AG IONOS Group SE <25% >75% 63.8% 36.2% shareholders shareholders Consumer Business Consumer Business Minorities Access Access Applications Applications 100% 100% 100% 100% 31.52% 25.39% 17.58%* 4.49%** 25.10% 20.00% • Held indirectly through 63.84 % sta
Slide 6: Access
ACCESS* Consumer Access Business Access ▪ Revenues: € 4,064.3 million ▪ Revenues: € 574.9 million ▪ EBITDA: € 590.8 million ▪ EBITDA: € 165.1 million ▪ Profitability: 14.5% EBITDA margin ▪ Profitability: 28.7% EBITDA margin ▪ FTE: ~ 3,300 ▪ FTE: ~ 1,650 ▪ Total contracts: 16.39 million * Figures bas
Slide 7: Consumer Access
“CONSUMER ACCESS” Fixed-line ▪ 1&1 with 3.95 million broadband connections ▪ VDSL and FTTH complete packages including voice and IP -TV via 1&1 Versatel, with last mile via Deutsche Telekom and City Carrier Mobile ▪ 12.44 million mobile contracts ▪ First Open RAN in Europa, fully virtualized ▪ Migra
Slide 8: Consumer Access: Customer Contracts
“CONSUMER ACCESS”: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connections 20 16.39 ▪ 16.39 million customer contracts (+ 130,000) 16.26 +0.13 15 ▪ 12.44 million mobile internet contracts (+ 190,000) ▪ 3.95 million broadband connections (- 60,000) 10 12.25 12.44 5 4.01 3.95 0 31.12.202
Slide 9: Consumer Access: Revenues
“CONSUMER ACCESS”: REVENUES (acc. to IFRS in € million) Service revenues Other revenues (mainly hardware) ▪ - 0.8% revenues to € 4.064 billion 4,500 4,096.7 4,064.3 -32.4 4,000 (-0.8%) ▪ + 1.8% service revenues to € 3.303 billion 3,500 ▪ - 10.8% other revenues (in particular low-margin 3,000 2,500 3
Slide 10: Consumer Access (I): Total EBITDA
“CONSUMER ACCESS” (I): TOTAL EBITDA (acc. to IFRS in € million) 700 653.8 -63.0 600 590.8 (-9.6%) ▪ - 9.6% EBITDA to € 590.8 million, including 500 ▪ € -265.3 million costs for rollout of 1&1 mobile network (prior year: € -132.4 million), thereof € -14.3 million out-of- 400 period expenses from subs
Slide 11: Consumer Access (II): EBITDA of the Two Subsegments
“CONSUMER ACCESS” (II): EBITDA OF THE TWO SUBSEGMENTS (acc. to IFRS in € million) EBITDA “Access” 1,000 856.1 786.2 +69.9 “Access” 800 (+8.9%) 600 ▪ + 8.9% EBITDA to € 856.1 million 400 200 ▪ 21.1% EBITDA margin (prior year: 19.2%) 0 2023 2024 EBITDA “1&1 Mobile Network” “1&1 Mobile Network” 0 -100
Slide 12: Business Access
“BUSINESS ACCESS” ▪ One of the largest German fiber optic networks ▪ Project business and plug-and-play solutions for businesses ▪ Fiber-optic network with 66,376 km ▪ In more than 350 German cities, including in the 25 largest cities ▪ 27,797 directly connected locations Fiber optic expansion and g
Slide 13: Business Access: Revenues
“BUSINESS ACCESS”: REVENUES (acc. to IFRS in € million) 600 564.0 574.9 +10.9 (+1.9%) 500 ▪ + 1.9% revenues to € 574.9 million 400 300 200 100 0 2023 2024 13 United Internet AG - Company Presentation FY 2024
Slide 14: Business Access: EBITDA
“BUSINESS ACCESS”: EBITDA (acc. to IFRS in € million) 180 162.9 165.1 +2.2 ▪ 28.7% EBITDA margin (prior year: 28.9%) 160 (+1.4%) 140 ▪ + 1.4% EBITDA to € 165.1 million, thereof 120 ▪ € -21.6 million start-up costs (prior year: € -21.5 million) in 100 the new business areas “5G” and “expansion of 80
Slide 15: Applications
APPLICATIONS* Consumer Applications Business Applications ▪ Revenues: € 298.3 million ▪ Revenues: € 1,560.3 million ▪ EBITDA: € 113.2 million ▪ EBITDA: € 430.2 million ▪ Profitability: 37.9% EBITDA margin ▪ Profitability: 27.6% EBITDA margin ▪ FTE: ~ 1,100 ▪ FTE: ~ 4,200 ▪ Total contracts: 41.97 mil
Slide 16: Consumer Applications
“CONSUMER APPLICATIONS” ▪ One of the leading providers of consumer applications with GMX, WEB.DE and mail.com ▪ Broad product portfolio for private customers: Communication Online office Personal information management (e-mail, tasks, and organization appointments, calendar), online office and cloud
Slide 17: Consumer Applications: Accounts
“CONSUMER APPLICATIONS”: ACCOUNTS (in million) Free-Accounts Pay-Accounts 50 42.73 41.97 -0.76 ▪ 41.97 million consumer accounts (- 0.76 million) 40 ▪ 38.93 million free accounts (- 1.00 million) 30 in particular due to higher security requirements 39.93 38.93 20 ▪ 3.04 million pay accounts (+ 240,0
Slide 18: Consumer Applications: Revenues
“CONSUMER APPLICATIONS”: REVENUES (acc. to IFRS in € million) 298.3 300 +21.3 277.0 (+7.7%) ▪ + 7.7% revenues to € 298.3 million 250 200 150 100 50 0 2023 (1) 2024 (1) (1) Excluding revenue contributions of € 26.2 million (prior year: € 27.3 million) from Energy and De-Mail 18 United Internet AG - C
Slide 19: Consumer Applications: EBITDA
“CONSUMER APPLICATIONS”: EBITDA (acc. to IFRS in € million) 120 113.2 106.2 +7.0 ▪ + 6.6% EBITDA to € 113.2 million (+6.6%) 100 ▪ 37.9% EBITDA margin (prior year: 38.3%) 80 60 40 20 0 2023(1) 2024(1) (1) Excluding earnings contributions of € -0.7 million (prior year: € -2.7 million) from Energy and
Slide 20: Business Applications
“BUSINESS APPLICATIONS” ▪ IONOS as Europe's leading digitization partner for freelancers, small/medium-sized enterprises and reliable cloud enabler ▪ Active in 15 European countries as well as in USA, Canada and Mexico ▪ Broad product range from Digital Solutions and Cloud Infrastructure to AdTech 2
Slide 21: Business Applications: Customer Contracts
„BUSINESS APPLICATIONS“: CUSTOMER CONTRACTS (in million) Abroad Domestic 10 9.37 9.59 +0.22 ▪ 9.59 million customer contracts (+ 220,000) 8 ▪ 4.96 million abroad (+ 160,000) 4.80 4.96 6 ▪ 4.63 million domestic (+ 60,000) 4 2 4.57 4.63 0 31.12.2023 (1) 31.12.2024 (1) Excluding 0.02 million contracts
Slide 22: Business Applications: Revenues
“BUSINESS APPLICATIONS”: REVENUES (acc. to IFRS in € million) ▪ + 9.6% revenues to € 1,560.3 million 1,650 1,560.3 +136.6 1,500 1,423.7 (+9.6%) ▪ Customer growth 1,350 1,200 ▪ Increased up- and cross-selling 1,050 ▪ Moderate revenue growth in the AdTech-Segment as a 900 750 result of temporary phasi
Slide 23: Business Applications: EBITDA
“BUSINESS APPLICATIONS”: EBITDA (acc. to IFRS in € million) 450 430.2 +56.5 ▪ + 15.1% EBITDA to € 430.2 million 405 373.7 (+15.1%) 360 ▪ Lower EBITDA in AdTech-Segment (-16.5%) 315 ▪ 27.6% EBITDA margin (prior year: 26.2%) 270 225 + 20.0% EBITDA growth in core business 180 135 90 45 0 2023 (1) 2024
Slide 24: IONOS Is the Leading Partner for SMB Digitalization in Europe
IONOS IS THE LEADING PARTNER FOR SMB DIGITALIZATION IN EUROPE WITH A BROAD STRATEGIC FOOTPRINT AND LEADING LOCAL BRANDS IONOS footprint in 18 markets & local brand champions Webhosting market share in Europe (%)1 1 Sweden Germany 1 Europe overall 1 >2x UK Spain 1 Netherlands Poland Canada Germany Au
Slide 25: Large and Fast-Growing Market Driven by Secular Trends
LARGE AND FAST-GROWING MARKET DRIVEN BY SECULAR TRENDS Large and untapped IONOS addressable market 15-26***, €bn SMB core target group* >90mm 89 19% CAGR SMBs in North America and Europe 15% CAGR 55 38 15 ~58mm 16 3 22 34 SMBs across Europe 14 2015A 2021A 2026F ~6.3mm CAGR 15–21 21–26 IONOS customer
Slide 26: Comprehensive Product Portfolio, First Class Customer Care and Infrastructure
COMPREHENSIVE PRODUCT PORTFOLIO, FIRST CLASS CUSTOMER CARE AND INFRASTRUCTURE Strong customer support organisation (Personal Service Agent & 24/7 multi-channel support) WEB PRESENCE & PRODUCTIVITY CLOUD SOLUTIONS One-stop-shop for all digitalization needs of SMBs Trusted European cloud provider for
Slide 27: The IONOS One-Stop-Shop Portfolio Enables End-to-End Digitisation Journey
THE IONOS ONE-STOP-SHOP PORTFOLIO ENABLES AN END-TO-END DIGITISATION JOURNEY FOR OUR CUSTOMERS 1 3 5 7 MyWebsite Now Digitize your business and Leverage cloud For domains Set up your processes with computing, scalable that have website and a trusted partner infrastructure and already been present yo
Slide 28: Results FY 2024
RESULTS FY 2024 28 United Internet AG - Company Presentation FY 2024
Slide 29: Group: Key Figures as of December 31, 2024
GROUP: KEY FIGURES AS OF DECEMBER 31, 2024 P&L figures according to IFRS in € million 2023 (1) 2024 (2) Change Fee-based customer contracts (in million) 28.43 29.02 ▪ + 0.59 million Ad-financed free accounts (in million) 39.93 38.93 ▪ - 1.00 million (pay accounts: +0.24 million) Revenues 6,213.2 6,3
Slide 30: Group: EBITDA / Free Cash Flow Bridge
GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF DECEMBER 31, 2024 (acc. to IFRS in € million) 1,294.0 -769.6 -262.9 184.5 -272.2 -137.1 47.4 195.2 EBITDA Capex VDSL-/FTTH- Tax Working Capital Free Cash Flow Leasing Free Cash Flow 2024(1) (net) contingent & others 2024 after Leasing (reported) payment to
Slide 31: Group: Balance Sheet as of December 31, 2024 (I)
GROUP: BALANCE SHEET AS OF DECEMBER 31, 2024 (I) (acc. to IFRS in € million) Assets 31.12.2023 31.12.2024 Comments ▪ Increase due to the investments made in 2024 (primarily in Property, plant and equipment / intangible assets 4,406.9 5,024.8 the fiber optic and mobile network) Goodwill 3,628.8 3,632
Slide 32: Group: Balance Sheet as of December 31, 2024 (II)
GROUP: BALANCE SHEET AS OF DECEMBER 31, 2024 (II) (acc. to IFRS in € million) Debt and Equity 31.12.2023 31.12.2024 Comments Equity 5,555.1 5,544.7 ▪ Equity ratio: - 2.9 PP to 46.5% ▪ Bank liabilities (net): € 2,698.8 million (31.12.2023: € 2,436.6 million); Increase in particular due to Telekom Lia
Slide 33: Outlook 2025
OUTLOOK 2025 33 United Internet AG - Company Presentation FY 2024
Slide 34: Outlook 2025
OUTLOOK 2025 (1) ▪ Revenues: approx. € 6.4 billion (2024: € 6.303 billion) ▪ EBITDA: approx. € 1.35 billion (2024: € 1.295 billion), including approx. € -20 million due to the change of national roaming provider at 1&1 – no impact on EBIT (2) ▪ Cash-CAPEX: approx. € 800 million (2024: € 774.6 millio
Slide 35: Share and Dividend
SHARE AND DIVIDEND 35 United Internet AG - Company Presentation FY 2024
Slide 36: Share Price Development and Shareholder Structure
SHARE PRICE DEVELOPMENT AND SHAREHOLDER STRUCTURE 70 € € 59.80 (ATH: 09.01.2018) Key Share Facts & Figures: 60 € € 18.72 (24.03.2025) ▪ ISIN: DE0005089031 50 € ▪ WKN: 508903 40 € € 1.02 (23.3.98) ▪ Stock Exchange: Xetra 30 € 2008: Financial crisis ▪ Index: MDAX, TecDAX 20 € 2002: Dotcom bubble burst
Slide 37: Shareholder Return
SHAREHOLDER RETURN Dividend payments Share buy backs Share capital (cumulative in € million) (cumulative in € million) (in € million) 1600 270 1,400 1400 250 1,200 1200 1,000 230 1000 800 800 210 600 600 190 400 400 200 170 200 0 0 150 ▪ Dividend payment proposal for fiscal year ▪ Total of more than
Slide 38: Investor Relations Contact
INVESTOR RELATIONS CONTACT DOMINIC GROSSMANN VOTING RIGHTS* Head of Investor Relations United Interent AG Phone: +49 2602 / 96-1671 Elgendorfer Straße 57 E-Mail: dgrossmann@united-internet.de D-56410 Montabaur E-Mail: voting-rights@united-internet.de * Please use the provided email address for share
Slide 39: United Internet AG: Our success story continues!
UNITED INTERNET AG Our success story continues! 39 United Internet AG - Company Presentation FY 2024