United Internet Ag · XETR:UTDI
United Internet — Q1 2019 Earnings Presentation
19 slides from United Internet's earnings presentation, May 15, 2019
Slide 1: Analyst and Investor Webcast – Q1-Results 2019
UNITED INTERNET AG Analyst and investor Webcast – Q1-Results 2019 Montabaur, May 15, 2019 1 Analyst and Investor Call Presentation – 3M/2019 May 15, 2019
Slide 2: KPIs Q1 2019
KPIs Q1 2019 24.06 million customer contracts: + 0.21 million in the first 3 months 2019 Revenues and earnings figures (in € million) (IFRS 15) Q1 2018 (IFRS 16) Q1 2019 Change Revenues 1,270.7 1,286.1 + 1.2% EBITDA 278.3 299.7 + 7.7% EBIT 182.9 181.1 - 1.0% EPS (in €) 0.42 0.24 - 47.8% EPS (in €)
Slide 3: "Access" in Q1 2019
“ACCESS” IN Q1 2019 CONSUMER ACCESS BUSINESS APPLICATIONS BUSINESS ACCESS CONSUMER APPLICATIONS 3 Analyst and Investor Call Presentation – 3M/2019 May 15, 2019
Slide 4: Consumer Access Segment: Customer Contracts
CONSUMER ACCESS SEGMENT: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connections 14.00 13.54 13.72 +0.18 13.72 million customer contracts (+ 180,000) 12.00 10.00 9.37 million mobile internet contracts (+ 170,000) 9.20 9.37 8.00 4.35 million broadband connections 6.00 ADSL / VDSL
Slide 5: Consumer Access Segment: Revenues
CONSUMER ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) Services revenues Hardware revenues Revenues: € 905.0 million (+ 0.7%) 1,000 898.3 905.0 +6.7 900 (+0.7%) Service revenues increased by 3.5% to 800 € 730.4 million as expected 700 600 Hardware revenues (€ - 18.0 million) 705.7 730.4
Slide 6: Consumer Access Segment: EBITDA
CONSUMER ACCESS SEGMENT: EBITDA (acc. to IFRS in € million) EBITDA: 168.5 million (+ 1.9%) 180 165.3 168.5 +3.2 € 2.1 million one-offs from Drillisch integration 160 (+1.9%) (prior year: € 5.0 million) 140 120 € 17.5 million additional costs from a time-limited 100 adjustment mechanism of a wh
Slide 7: Business Access Segment: Revenues
BUSINESS ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) 119.3 120 +9.2 110.1 (+8.4%) Revenues: € 119.3 million (+ 8.4%) 100 positive development of the core business areas 80 B2B & Wholesale 60 successful ongoing Layer2 migration 40 20 0 Q1/2018 Q1/2019 (IFRS 15) (IFRS 16) 7 Analyst and
Slide 8: Business Access Segment: EBITDA
BUSINESS ACCESS SEGMENT: EBITDA (acc. to IFRS in € million) 40 EBITDA: € 35.7 million (+195.0%) 35.7 35 Positive business development 30 € 15.9 million IFRS 16 effect 25 +23.6 (+195.0%) 20 EBITDA margin: 29.9% (prior year: 11.0%) 15 12.1 10 +63.6% EBITDA (adj.), w/o effects from IFRS 16 5
Slide 9: "Applications" in Q1 2019
„APPLICATIONS“ IN Q1 2019 CONSUMER ACCESS BUSINESS APPLICATIONS BUSINESS ACCESS CONSUMER APPLICATIONS 9 Analyst and Investor Call Presentation – 3M/2019 May 15, 2019
Slide 10: Business Applications Segment: Customer Contracts
BUSINESS APPLICATIONS SEGMENT: CUSTOMER CONTRACTS (in million) Abroad Domestic 9.00 8.06 8.09 8.00 +0.03 8.09 million customer contracts (+ 30,000) 7.00 6.00 4.24 4.24 3.85 million domestic 5.00 4.24 million abroad 4.00 3.00 2.00 3.82 3.85 1.00 0.00 31.12.2018 31.03.2019 10 Analyst and Investo
Slide 11: Business Applications Segment: Revenues
BUSINESS APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 250 220.2 209.4 +10.8 (+5.2%) Revenues: € 220.2 million (+ 5.2%) 200 driven by up/cross-selling and customer growth 150 in line with last year’s like-for-like development 100 50 0 Q1/2018 Q1/2019 (IFRS 15) (IFRS 16) 11 Analyst
Slide 12: Business Applications Segment: EBITDA
BUSINESS APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) EBITDA: € 73.7 million (-1.3%) 80 74.7 73.7 -1.0 (-1.3%) € - 14.6 million from increased marketing 70 60 expenses, thereof € - 7.0 million one-offs in 50 light of the rebranding 40 € 5.6 million IFRS 16 effect 30 EBITDA margin
Slide 13: Consumer Applications Segment: Accounts
CONSUMER APPLICATIONS SEGMENT: ACCOUNTS (in million) Free accounts Pay accounts 39.25 39.59 39.25 million consumer accounts 40.00 +0.34 35.00 37.34 million free accounts (+ 340,000) 30.00 2.25 million pay accounts (+/- 0) 25.00 20.00 37.00 37.34 thereof 23.0 million with mobile usage (+ 1,70
Slide 14: Consumer Applications Segment: Revenues
CONSUMER APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) Pay accounts/portal marketing Sale of third-party inventory Revenues: 60.4 million (-16.1%) 80 72.0 Planned reduction of advertising space as part of 70 -11.6 60 60.4 (-16.1%) the transition to data-driven business models 50 (re
Slide 15: Consumer Applications Segment: EBITDA
CONSUMER APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) EBITDA: € 21.4 million (- 22.2%) 30 27.5 Planned reduction of advertising space as part of -6.1 25 (-22.2%) the transition to data-driven business models 21.4 20 (EBITDA effect: € - 4.1 million), which did not affect earnings in Q
Slide 16: Key Financial KPIs as of 31 March 2019
KEY FINANCIAL KPI S AS OF 31 MARCH 2019 (contracts in million / financial KPIs acc. to IFRS in € million) Q1/Dec.31, 2018 Q1 2019 Change (IFRS 15) (IFRS 16) Fee-based customer contracts 23.85 24.06 + 0.21m Ad-financed free accounts 37.00 37.34 +0.34m Revenues 1,270.7 1,286.1 + 1.2% EBITDA 278.3 299.
Slide 17: Outlook 2019
OUTLOOK 2019 17 Analyst and Investor Call Presentation – 3M/2019 May 15, 2019
Slide 18: Outlook 2019
OUTLOOK 2019 Full-year guidance 2019 confirmed Revenues: + approx. 4% EBITDA: + approx. 8% respectively + approx. 12% incl. IFRS 16 effects One-offs included in EBITDA: approx. € 30 million for integration projects in Consumer Access and Business Applications 18 Analyst and Investor Call Present
Slide 19: United Internet AG: Our success story continues!
UNITED INTERNET AG Our success story continues! 19 Analyst and Investor Call Presentation – 3M/2019 May 15, 2019