Slide 1: United Internet AG 6-Month 2022
UNITED INTERNET AG 6-Month 2022 Montabaur, August 4, 2022 1 H1 2022 Montabaur, August 4, 2022
Slide 2: Agenda
AGENDA Ralph Dommermuth Company development Outlook 2022 Martin Mildner Results H1 2022 2 H1 2022 Montabaur, August 4, 2022
Slide 3: Company Development
COMPANY DEVELOPMENT 3 H1 2022 Montabaur, August 4, 2022
Slide 4: Business Areas: Access & Applications
2 BUSINESS AREAS: ACCESS & APPLICATIONS ACCESS APPLICATIONS Consumer Access Consumer Applications Motivated Team 10,000 employees, of which approx. 3,600 in product management, development and data centers Sales strength More than 5 million contracts p. a. 50,000 registrations for free service
Slide 5: Brands & Investments
BRANDS & INVESTMENTS (as of June 30, 2022) Consumer Access Business Consumer Applications Business Partners 20.00% 25.39% 31.52% 25.10% 37.92%* 25.10% * Tele Columbus shares held indirectly via 40% investment in Kublai GmbH 5 H1 2022 Montabaur, August 4, 2022
Slide 6: "Access" in H1 2022
“ACCESS” IN H1 2022 CONSUMER ACCESS CONSUMER APPLICATIONS BUSINESS ACCESS BUSINESS APPLICATIONS 6 H1 2022 Montabaur, August 4, 2022
Slide 7: "Consumer Access": Fixed-Line Business
“CONSUMER ACCESS”: FIXED-LINE BUSINESS 1&1 as the largest alternative DSL provider with 4.17 million broadband connections VDSL and FTTH complete packages incl. voice and IP-TV via 1&1 Versatel, with the last mile via Deutsche Telekom and city carriers Connect fixed-line network awards: #1 in
Slide 8: "Consumer Access": Mobile Business
“CONSUMER ACCESS”: MOBILE BUSINESS 1&1 is Germanys leading MVNO with 11.38 million mobile contracts Broad market coverage - target group-specific approach to all market segments Consistently winning awards in customer satisfaction surveys Main brand Development of a high-performance Co-brand
Slide 9: "Consumer Access": Customer Contracts
“CONSUMER ACCESS”: CUSTOMER CONTRACTS (in millions) Mobile Internet Broadband connections 20 15.55 million customer contracts (+ 120,000) 15.43 15.55 11.38 million mobile internet contracts 15 +0.12 (+ 190,000 contracts, thereof + 300,000 operative and 10 11.19 11.38 - 110,000 “TKG effect“) 4.
Slide 10: "Consumer Access": Revenues
“CONSUMER ACCESS”: REVENUES (acc. to IFRS in € millions) Service revenues Other revenues (mainly hardware) 2,000 1,916.2 1,940.7 +24.5 + 1.3% revenues to € 1.941 billion (+1.3%) + 2.6% service revenues to € 1.582 billion 1,500 - 4.2% other revenues (mainly smartphones) to 1,541.7 1,581.9 1,000
Slide 11: "Consumer Access" (I): Total EBITDA
“CONSUMER ACCESS” (I): TOTAL EBITDA (acc. to IFRS in € millions) 400 370.1 +33.1 337.0 (+9.8%) 300 + 9.8% EBITDA to € 370.1 million, including 200 € - 0.4 million higher electricity costs 19.1% EBITDA margin (prior year: 17.6%) 100 0 H1 2021(1) H1 2022 (1) Excluding non-period income of € 39.4
Slide 12: "Consumer Access" (II): EBITDA Subsegments
“CONSUMER ACCESS” (II): EBITDA SUBSEGMENTS (acc. to IFRS in € million) EBITDA “Access” 400 386.2 351.9 +34.3 (+9.7%) “Access” 300 200 + 9.7% EBITDA to € 386.2 million 100 19.9% EBITDA margin (prior year: 18.4%) 0 H1 2021(1) H1 2022 EBITDA “1&1 Mobile Network” 0 “1&1 Mobile Network” -10 € - 16.
Slide 13: "Business Access"
“BUSINESS ACCESS” 1&1 Versatel operates one of the largest German fiber optic networks Project business and plug-and-play solutions for medium-sized companies Business 53,629 km of fiber optic network FTTB In 250 German cities, incl. 19 of the 25 largest cities Authorities 22,631 directly
Slide 14: "Business Access": Revenues
“BUSINESS ACCESS”: REVENUES (acc. to IFRS in € millions) 300 258.4 261.8 +3.4 + 1.3% revenues to € 261.8 million, included therein (+1.3%) € - 3.3 million negative regulatory effects 200 Expectation for FY 2022: approx. 3.5% growth (approx. 5% without regulatory effects) 100 0 H1 2021 H1 2022
Slide 15: "Business Access": EBITDA
“BUSINESS ACCESS”: EBITDA (acc. to IFRS in € millions) - 4.3% EBITDA to € 75.7 million, including 80 79.1 75.7 -3.4 (-4.3%) € - 4.2 million start-up cost for building the infrastructure for 70 the 1&1 Mobile Network 60 50 € - 0.9 million SDH migration cost (one-off) 40 € - 0.6 million higher
Slide 16: "Applications" in H1 2022
“APPLICATIONS” IN H1 2022 CONSUMER ACCESS CONSUMER APPLICATIONS BUSINESS ACCESS BUSINESS APPLICATIONS 16 H1 2022 Montabaur, August 4, 2022
Slide 17: "Consumer Applications": From E-Mail Service to Command Center
“CONSUMER APPLICATIONS”: FROM E-MAIL SERVICE TO COMMAND CENTER FOR COMMUNICATION, INFORMATION AND IDENTITY MANAGEMENT Communication Online offfice and organization texts, spreadsheets, E-mail, calendar, presentations contacts, SMS, fax Cloud storage De-mail for photos, videos, legally secure communi
Slide 18: "Consumer Applications": Assets
“CONSUMER APPLICATIONS”: ASSETS With GMX, WEB.DE and mail.com one of the leading providers of consumer applications 34.8 million active accounts in Germany alone - over 50% market share in private e-mails eIDAS/ Cloud- E-Mail* Content* ID De-Mail Speicher* #1 #1 #2 #1 #3 #2 – #1 – #1 Different
Slide 19: "Consumer Applications": Accounts
“CONSUMER APPLICATIONS”: ACCOUNTS (in millions) Free-Accounts Pay-Accounts 50 42.34 million consumer accounts (- 450,000 seasonal; 42.79 42.34 -0.45 40 + 140,000 compared to prior year), thereof 39.83 million free accounts (- 490,000) 30 2.51 million pay accounts (+ 40,000) 40.32 39.83 20 27
Slide 20: "Consumer Applications": Revenues
“CONSUMER APPLICATIONS”: REVENUES (acc. to IFRS in € millions) 150 140.1 134.2 +5.9 (+4.4%) + 4.4% revenues to € 140.1 million 100 + 7.5% in Q1 2022 + 1.5% in Q2 2022 50 0 H1 2021 H1 2022 20 H1 2022 Montabaur, August 4, 2022
Slide 21: "Consumer Applications": EBITDA
“CONSUMER APPLICATIONS”: EBITDA (acc. to IFRS in € millions) 60 56.4 55.2 +1.2 (+2.2%) + 2.2% EBITDA to € 56.4 million, included therein 40 € - 1.2 million higher electricity costs + 4.3% comparable EBITDA 40.3% EBITDA margin (prior year: 41.1%) 20 0 H1 2021 H1 2022 21 H1 2022 Montabaur, Aug
Slide 22: "Business Applications": From Web Host to E-Business Solutions Provider
“BUSINESS APPLICATIONS”: FROM WEB HOST TO E-BUSINESS SOLUTIONS PROVIDER E-mail Website Mobile Sector Business marketing design apps content apps Cloud infrastructure Local Display E-payment E-shops SEO tools listings adversiting solutions 22 H1 2022 Montabaur, August 4, 2022
Slide 23: "Business Applications": IONOS Market Position
“BUSINESS APPLICATIONS”: IONOS MARKET POSITION Leading European provider Active in 17 countries: #1 in Germany, Spain, Poland and Austria, #2 in UK and France* Broad product portfolio In-house developments and cooperations with development partners Powerful data centers * Based on ccTLDs 2
Slide 24: "Business Applications": Customer Contracts
“BUSINESS APPLICATIONS”: CUSTOMER CONTRACTS (in millions) Abroad Domestic 10 8.78 8.91 8.91 million customer contracts (+ 130,000) +0.13 8 4.59 million abroad (+ 70,000) 4.52 4.59 6 4.32 million domestic (+ 60,000) 4 2 4.26 4.32 0 31.12.2021 30.06.2022 24 H1 2022 Montabaur, August 4, 2022
Slide 25: "Business Applications": Revenues
“BUSINESS APPLICATIONS”: REVENUES (acc. to IFRS in € millions) 800 + 18.2% revenues to € 608.0 million 608.0 600 +93.6 Customer growth 514.4 (+18.2%) Increased up- and cross-selling 400 Strong growth in aftermarket business (domain trading platform and domain parking at Sedo) 200 + 7.9% re
Slide 26: "Business Applications": EBITDA
“BUSINESS APPLICATIONS”: EBITDA (acc. to IFRS in € millions) 180 163.3 164.5 +1.2 + 0.7% EBITDA to € 164.5 million, included therein (+0.7%) 135 € - 13.2 million additional marketing activities € - 8.9 million higher electricity cost 90 + 14.3% comparable EBITDA 27.1% EBITDA margin (prior ye
Slide 27: Group: KPIs H1 2022
GROUP: KPIs H1 2022 + 290,000 customer contracts to 26.97 million contracts Revenues and earnings figures (in € millions) H1 2021 (1) H1 2022 (2) Change Revenues 2,775.6 2,901.1 + 4.5% EBITDA 632.9 655.1 + 3.5% EBIT 401.6 414.9 + 3.3% EBT 391.2 379.0 - 3.1% EPS (in €) 1.15 1.03 - 10.4% EPS before
Slide 28: Outlook 2022
OUTLOOK 2022 28 H1 2022 Montabaur, August 4, 2022
Slide 29: Forecast 2022
FORECAST 2022 United Internet confirms the guidance for FY 2022 Revenues: approx. € 5.85 billion (2021: € 5.646 billion) EBITDA: at prior years level (2021: € 1.259 billion), included therein Approx. € - 70 million expenses at 1&1 for the development of the mobile network (2021: € - 37.9 milli
Slide 30: Results H1 2022
RESULTS H1 2022 30 H1 2022 Montabaur, August 4, 2022
Slide 31: Group: Key Figures as of June 30, 2022
GROUP: KEY FIGURES AS OF JUNE 30, 2022 Contracts in million as of June 30 / P&L figures according to IFRS H1 2021 (1) H1 2022 (2) Change in million € Fee-based customer contracts 26.17 26.97 + 0.80 million Advertising financed free accounts 39.69 39.3 + 0.14 million Revenues 2,775.6 2,901.1 + 4.5% E
Slide 32: Group: EBITDA / Free Cash Flow Bridge as of June 30, 2022
GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF JUNE 30, 2022 (acc. to IFRS in € millions) 659.7 -169.4 -198.6 -165.3 159.5 126.4 -64.1 62.3 97.2 -189.2 -29.7 EBITDA Taxes & Capex Working Free Leasing FCF after Phasing Free cash FTTH-/VDSL Free cash H1 2022 interest Capital Cashflow Leasing effects from
Slide 33: Group: Balance Sheet as of June 30, 2022 (I)
GROUP: BALANCE SHEET AS OF JUNE 30, 2022 (I) (acc. to IFRS in € millions) Assets 31.12.2021 30.06.2022 Comments Property, plant and equipment / intangible assets 3,439.1 3,520.1 Increase due to investments in the first half of the year Goodwill 3,627.8 3,625.4 Mostly unchanged Decrease due to
Slide 34: Group: Balance Sheet as of June 30, 2022 (II)
GROUP: BALANCE SHEET AS OF JUNE 30, 2022 (II) (acc. to IFRS in € millions) Liabilities and equity 31.12.2021 30.06.2022 Comments Equity 4,923.2 5,087.4 Equity ratio: +0.2 PP to 51.1% Bank liabilities (net): € 1,759.6 million (31.12.2021: Liabalities to banks 1,822.7 1,813.9 € 1,712.6 million) Tr
Slide 35: United Internet AG: Our success story continues!
UNITED INTERNET AG Our success story continues! 35 H1 2022 Montabaur, August 4, 2022