United Internet Ag · XETR:UTDI
United Internet — Q1 2026 Earnings Presentation
36 slides from United Internet's earnings presentation, May 2026
Slide 1: United Internet AG Company Presentation 3M 2026
UNITED INTERNET AG Company Presentation (3M 2026) 1 United Internet AG - Company Presentation 3M 2026
Slide 2: KPIs 3M 2026
KPIs 3M 2026 ▪ 30.1 million customer contracts: + 380,000 in the first 3 months 2026 Revenues and earnings figures (in € million) 3M 2025 (1) 3M 2026 (1) Change Revenues(2) 1,514.1 1,551.9 + 2.5% EBITDA (2) 324.0 331.9 + 2.4% EBIT (2) 144.4 166.9 + 15.6% EPS (2) (in €) 0.25 0.36 + 44.0% 6 ▪ EBIT (2)
Slide 3: Agenda
AGENDA I. Investment Case & Group Overview II. 1&1 III. IONOS IV. Mail & Media V. Additional KPIs & Outlook 2026 VI. Share & Dividend VII. Sustainability 3 United Internet AG - Company Presentation 3M 2026
Slide 4: I. Investment Case & Group Overview
I. INVESTMENT CASE & GROUP OVERVIEW 4 United Internet AG - Company Presentation 3M 2026
Slide 5: United Internet's Attractive Investment Case
I. UNITED INTERNET‘S ATTRACTIVE INVESTMENT CASE ACCESS (~ 4,700 FTE‘S) APPLICATIONS (~ 5,200 FTE‘S) Europe’s most modern 5G mobile network, based on innovative IONOS is the largest web hosting provider in Europe with 100% Operating EBITDA (1) Open RAN technology by 1&1, boosts future operating margi
Slide 6: Group Structure
I. GROUP STRUCTURE (as of May, 2026) Minority Investments 86.5% 63.8% 100% 1&1 IONOS Mail & Media 31.52% 25.39% (1) 17.58% 25.10% (2) 4.60% 20.00% (1) Held indirectly through 63.84 % stake in IONOS (2) Held indirectly through 4.71 % stake in Kublai 6 United Internet AG - Company Presentation 3M 2026
Slide 7: II. 1&1
II. 1&1 7 United Internet AG - Company Presentation 3M 2026
Slide 8: 1&1 Highlights
May 2025 May 2025 II. 1&1 HIGHLIGHTS ORAN network 4th largest German network operator Strong brands Europe’s most modern 5G mobile network based on 1&1 is the fourth largest telecommunications provider in Services are marketed under the premium 1&1 brand and innovative Open RAN technology which is 1
Slide 9: 1&1: Contracts
II. 1&1: CONTRACTS (in million) Mobile Internet Broadband connections 18 16.32 16.32 16 0.00 ▪ 16.32 million customer contracts (unchanged) 14 ▪ 12.48 million mobile internet contracts (unchanged) 12 12.48 12.48 ▪ 3.84 million broadband connections (unchanged) 10 8 6 4 2 3.84 3.84 0 31.12.2025 31.03
Slide 10: 1&1: Revenues
II. 1&1: REVENUES (acc. to IFRS in € million) Service revenues Other revenues 1,200 1,133.2 1,146.0 +12.8 (+1.1%) ▪ + 1.1% revenues to € 1,146.0 million ▪ - 1.2% service revenues to € 899.7 million 800 899.7 ▪ + 10.8% other revenues (in particular low-margin 910.9 smartphones) to € 246.3 million 400
Slide 11: 1&1: EBITDA
II. 1&1: EBITDA (acc. to IFRS in € million) 200 192.5 192.4 -0.1 (-0.1%) ▪ - 0.1% EBITDA to € 192.4 million 150 ▪ 16.8% EBITDA margin (prior year: 17.0%) 100 50 0 3M 2025 3M 2026 11 United Internet AG - Company Presentation 3M 2026
Slide 12: III. IONOS
III. IONOS 12 United Internet AG - Company Presentation 3M 2026
Slide 13: IONOS Highlights
2025 III. IONOS HIGHLIGHTS Leading European digitalization partner Attractive, robust finances Best-in-class churn IONOS is the largest web hosting provider in Europe (active Subscription-based business model with strong revenue Churn remains at best-in-class level of ~1% per month that is in 14 Eur
Slide 14: IONOS: Contracts
III. IONOS: CONTRACTS (in million) Abroad Domestic 12 10.35 ▪ 10.35 million customer contracts (+ 300,000) 10.05 +0.30 10 ▪ 5.45 million abroad (+ 200,000) 8 5.25 5.45 ▪ 4.90 million domestic (+ 100,000) 6 4 4.80 4.90 2 0 31.12.2025 31.03.2026 14 United Internet AG - Company Presentation 3M 2026
Slide 15: IONOS: Revenues
III. IONOS: REVENUES (acc. to IFRS in € million) 400 348.4 ▪ + 5.7% revenues to € 348.4 million (+ 7.6% excl. FX effect) 329.6 +18.8 (+5.7%) ▪ Customer growth ▪ Increased up- and cross-selling 200 0 3M 2025 (1) 3M 2026 (1) (1) Sedo carried in accordance with IFRS 5 as discontinued operation as of Se
Slide 16: IONOS: EBITDA
III. IONOS: EBITDA (acc. to IFRS in € million) 120 112.2 106.4 +5.8 ▪ + 5.5% EBITDA to € 112.2 million (+ 8.3% excl. FX effect) (+5.5%) ▪ 32.2% EBITDA margin (prior year: 32.3%) 60 0 3M 2025 (1) 3M 2026 (1) (1) Sedo carried in accordance with IFRS 5 as discontinued operation as of September 30, 2025
Slide 17: IONOS Segments and Products
III. IONOS SEGMENTS AND PRODUCTS Web Presence & Productivity Cloud Solutions One-stop-shop for all digitalization needs of € 1,086 million (1) Trusted European cloud provider € 187 million (1) SMBs and solo entrepreneurs Revenue (83%) for SMBs and enterprises Revenue (14%) Domains E-mail & Web Hosti
Slide 18: IONOS: One-Stop-Shop Portfolio Enables End-to-End Digitisation Journey
III. IONOS: THE 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 pres
Slide 19: IONOS: AI Receptionist & AI Momentum
III. IONOS: AI RECEPTIONIST & AI MOMENTUM 19 United Internet AG - Company Presentation 3M 2026
Slide 20: IV. Mail & Media
IV. MAIL & MEDIA 20 United Internet AG - Company Presentation 3M 2026
Slide 21: Mail & Media Highlights
IV. MAIL & MEDIA HIGHLIGHTS Market leader in private mail Attractive business model Growth in pay accounts Germany’s leading digital B2C platform (GMX, WEB.DE) Ultra capex-light business model that is profitable (~38% Subscription revenues anchored by high single digit growth in monetizing a large a
Slide 22: Mail & Media: Accounts
IV. MAIL & MEDIA: ACCOUNTS (in million) Free accounts Pay accounts 50 ▪ 41.89 million consumer accounts (- 140,000) 42.03 41.89 -0.14 40 ▪ 38.46 million free accounts (- 220,000) in particular due to the ongoing conversion to pay accounts 30 ▪ 3.43 million pay accounts (+ 80,000) 38.68 38.46 20 10 3
Slide 23: Mail & Media: Revenues
IV. MAIL & MEDIA: REVENUES (acc. to IFRS in € million) 80 79.3 +5.6 73.7 (+7.6%) ▪ + 7.6% revenues to € 79.3 million 60 ▪ Higher monetization of free accounts through online advertising 40 ▪ Strong growth in pay accounts 20 0 3M 2025 (1) 3M 2026 (1) w/o revenues contributions “Energy” (2025: € 5.9m)
Slide 24: Mail & Media: EBITDA
IV. MAIL & MEDIA: EBITDA (acc. to IFRS in € million) 29.8 30 +4.4 25.4 (+17.3%) ▪ + 17.3% EBITDA to € 29.8 million 20 ▪ 37.6% EBITDA margin (prior year: 34.5%) 10 0 3M 2025 (1) 3M 2026 (1) w/o earnings contributions “Energy” (2025: EBITDA € + 0.2m) 24 United Internet AG - Company Presentation 3M 202
Slide 25: V. Additional KPIs & Outlook 2026
V. ADDITIONAL KPI S & OUTLOOK 2026 25 United Internet AG - Company Presentation 3M 2026
Slide 26: Additional Financial KPIs 3M 2026
V. ADDITIONAL FINANCIAL KPI S 3M 2026 (financial KPIs acc. to IFRS in € million) 3M 2025 3M 2026 Change Capex 122.0 117.5 - 3.7% Free cash flow (1) -165.8 3.7 - 31.12.2025 31.03.2026 Change Net bank liabilities 3,200.0 3,338.6 + 4.3% Equity ratio 43.6% 44.0% + 0.4 Ppt. ▪ Capex development in line wi
Slide 27: Group: EBITDA / Free Cash Flow Bridge as of March 31, 2026
V. GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF MARCH 31, 2026 (acc. to IFRS in € million) 3M 2026 332.0 -2.2 -115.2 0.4 -167.5 47.5 -43.8 3.7 EBITDA 3M 2026(1) EBITDA Capex Tax Working Capital Free Cash Leasing Free Cash flow AdTech (2) (net) & Others flow 3M 2026 after Leasing 3M 2025 324.2 18.6 -1
Slide 28: Outlook 2026
V. OUTLOOK 2026 We confirm our guidance ▪ Revenues: approx. € 6.25 billion (2025: € 6.104 billion) ▪ EBITDA: approx. € 1.45 billion (2025: € 1.282 billion) ▪ Cash-CAPEX: € 600 – 650 million (2025: € 730.8 million) 28 United Internet AG - Company Presentation 3M 2026
Slide 29: VI. Share & Dividend
VI. SHARE & DIVIDEND 29 United Internet AG - Company Presentation 3M 2026
Slide 30: Share Price Development and Shareholder Structure
VI. SHARE PRICE DEVELOPMENT AND SHAREHOLDER STRUCTURE 60 € € 59.80 (ATH: 09.01.2018) 50 € € 26.24 (11.05.2026) Key Share Facts & Figures: ▪ ISIN: DE0005089031 40 € ▪ WKN: 508903 30 € € 2.77 (24.03.1998) ▪ Stock Exchange: Xetra 2008: Financial crisis ▪ Index: MDAX, TecDAX 20 € 2002: Dotcom bubble bur
Slide 31: Shareholder Return
VI. SHAREHOLDER RETURN Dividend payments Share buy backs Share capital (cumulative in € million) (cumulative in € million) (in € million) 1600 270 1.800 1400 1.600 250 1.400 1200 1.200 230 1000 1.000 800 210 800 600 600 190 400 400 170 200 200 0 0 150 ▪ Dividend payment for fiscal year 2024: ▪ Total
Slide 32: VII. Sustainability
VII. SUSTAINABILITY 32 United Internet AG - Company Presentation 3M 2026
Slide 33: ESG at a Glance @United Internet
VII. ESG AT A GLANCE @UNITED INTERNET Climate Circular economy Social commitment Cybersecurity 10-30% 1,036 t > €75m 99.9% higher energy efficiency of raw materials saved raised to support children in spam emails blocked the Open RAN network through refurbishment and need through the UNICEF successf
Slide 34: ESG Ratings 2025
VII. ESG RATINGS 2025 C 2 27.2 Medium Risk TRANSPARENCY PRIME THRESHOLD 1 Negligible Low Medium High Severe VERY HIGH C+ 0-10 10-20 20-30 30-40 40+ 0 Our Focus: Environmental & Social Performance Our Focus: Maintaining leadership in Governance Our Focus: Reducing exposure to ESG risks 85% share of r
Slide 35: Investor Relations Contact & Disclaimer
INVESTOR RELATIONS CONTACT & DISCLAIMER DOMINIC GROSSMANN VOTING RIGHTS* Head of Investor Relations ▪ United Internet AG ▪ Elgendorfer Straße 57 Phone: +49 2602 / 96-1671 ▪ D-56410 Montabaur Mail: dgrossmann@united-internet.de ▪ Mail: voting-rights@united-internet.de General: investor-relations@unit
Slide 36: United Internet AG: Our success story continues!
UNITED INTERNET AG Our success story continues! 36 United Internet AG - Company Presentation 3M 2026