United Internet Ag · XETR:UTDI
United Internet — Q1 2022 Earnings Presentation
21 slides from United Internet's earnings presentation, May 12, 2022
Slide 1: Analyst and Investor Webcast – 3M Results 2022
UNITED INTERNET AG Analyst and Investor Webcast – 3M Results 2022 Montabaur, May 12, 2022 1 Analyst and Investor Call Presentation – 3M 2022 May 12, 2022
Slide 2: KPIs 3M 2022
KPIs 3M 2022 26.85 million customer contracts: +170,000 in the first 3 months 2022 Revenues and earnings figures (in € million) 3M 2021 3M 2022 Change Revenues 1,392.2 1,443.7 +3.7% EBITDA (1) 311.9 329.2 +5.5% EBIT (1) 196.0 209.4 +6.8% EBT (1)(2) 195.7 192.4 -1.7% EPS (1)(2) (in €) 0.58 0.55 -5.
Slide 3: "Access" in 3M 2022
“ACCESS” IN 3M 2022 CONSUMER ACCESS CONSUMER APPLICATIONS BUSINESS ACCESS BUSINESS APPLICATIONS 3 Analyst and Investor Call Presentation – 3M 2022 May 12, 2022
Slide 4: Consumer Access Segment: Customer Contracts
CONSUMER ACCESS SEGMENT: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connections 16 15.43 15.49 +0.06 14 12 15.49 million customer contracts (+60,000) 10 11.19 11.28 11.28 million mobile internet contracts (+90,000) 8 6 4.21 million broadband connections (-30,000) 4 2 4.24 4.21 0
Slide 5: Consumer Access Segment: Revenues
CONSUMER ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) Service revenues Hardware revenues 1,000 965.9 969.4 +3.5 (+0.4%) +0.4% revenues to € 969.4 million +3.5% service revenues to € 789.1 million 762.2 789.1 500 -11.5% other revenues (in particular hardware revenues) to € 180.3 million
Slide 6: Consumer Access (I): EBITDA
CONSUMER ACCESS (I): EBITDA (acc. to IFRS in € million) 200 187.9 +19.5 168.4 (+11.6%) +11.6% EBITDA from € 168.41 million to € 187.9 million 100 19.4% EBITDA margin (prior year: 17.4%) 0 3M 20211 3M 2022 (1) excl. non-period € 34.4 million from revised Telefonica conditions in 2021 6 Analyst an
Slide 7: Consumer Access (II): EBITDA of the Two Subsegments
CONSUMER ACCESS (II): EBITDA OF THE TWO SUBSEGMENTS (acc. to IFRS in € million) EBITDA “Consumer Access” 196.2 200 175.6 +20.6 (+11.7%) “Access” 100 +11.7% EBITDA to € 196.2 million 20.2% EBITDA margin (prior year: 18.2%) 0 3M 20211 3M 2022 EBITDA “1&1 Mobilfunknetz” “1&1 Mobilfunknetz” 0 € -8
Slide 8: Business Access Segment: Revenues
BUSINESS ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) 150 128.3 128.4 +0.1 (+0.1%) +0.1% revenues to € 128.4 million 100 (prior year: € 128.3 million) prior year has a positive effect from higher voice 50 traffic revenues (Covid-19 impact) 0 3M 2021 3M 2022 8 Analyst and Investor Call Pr
Slide 9: Business Access Segment: EBITDA
BUSINESS ACCESS SEGMENT: EBITDA (acc. to IFRS in € million) -4.2% EBITDA to € 36.6 million € -1.6 million from a positive effect in the prior year 40 38.2 36.6 -1.6 (-4.2%) due to higher voice traffic revenues (Covid-19 impact) 30 € -1.8 million start-up costs for the construction of 20 the in
Slide 10: "Applications" in 3M 2022
“APPLICATIONS” IN 3M 2022 CONSUMER ACCESS CONSUMER APPLICATIONS BUSINESS ACCESS BUSINESS APPLICATIONS 10 Analyst and Investor Call Presentation – 3M 2022 May 12, 2022
Slide 11: Consumer Applications Segment: Accounts
CONSUMER APPLICATIONS SEGMENT: ACCOUNTS (in million) Free accounts Pay accounts 50 42.64 million consumer accounts 42.79 42.64 -0.15 40.15 million free accounts (-170,000); which is 40 a seasonal decline in free accounts ytd and an 30 increase of 600,000 yoy 40.32 40.15 2.49 million pay accoun
Slide 12: Consumer Applications Segment: Revenues
CONSUMER APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 80 70.2 +4.9 65.3 (+7.5%) 60 +7.5% revenues to € 70.2 million 40 20 0 3M 2021 3M 2022 12 Analyst and Investor Call Presentation – 3M 2022 May 12, 2022
Slide 13: Consumer Applications Segment: EBITDA
CONSUMER APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 30 25.7 26.7 +1.0 +3.9% EBITDA to € 26.7 million (+3.9%) excl. a non-cash valuation effect from derivatives 20 EBITDA effect: € +0.8 million (prior year: € +0.2 million) 38.0% EBITDA margin (prior year: 39.7%) 10 0 3M 2021 3M 20
Slide 14: Business Applications Segment: Customer Contracts
BUSINESS APPLICATIONS SEGMENT: CUSTOMER CONTRACTS (in million) Abroad Domestic 10 8.78 8.87 +0.09 8 8.87 million customer contracts (+90,000) 4.58 6 4.52 4.58 million abroad (+60,000) 4.29 million domestic (+30,000) 4 2 4.26 4.29 0 31.12.2021 31.03.2022 14 Analyst and Investor Call Presentatio
Slide 15: Business Applications Segment: Revenues
BUSINESS APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 350 300.1 +17.1% revenues to € 300.1 million +43.9 280 256.2 (+17.1%) Customer growth 210 Increased up- and cross-selling Strong aftermarket business growth (domain trading 140 platform/parking at Sedo) 70 +8.2% revenues w
Slide 16: Business Applications Segment: EBITDA
BUSINESS APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 100 83.1 80 79.2 +3.9 +4.9% EBITDA to € 83.1 million (+4.9%) incl. € 6.0 million additional marketing activities to 60 increase the brand awareness 40 27.7% EBITDA margin (prior year: 30.9%) 20 0 3M 2021 3M 2022 16 Analyst and I
Slide 17: Key Financial KPIs 3M 2022
KEY FINANCIAL KPI S 3M 2022 (contracts in million / financial KPIs acc. to IFRS in € million) 3M 2021 3M 2022 Change Revenues 1,392.2 1,443.7 +3.7% EBITDA (1) 311.9 329.2 +5.5% Capex 63.7 82.3 +29.2% Free cash flow (2) 43.9 -49.4 - Free cash flow operative (2)(3) 43.9 47.8 +8.9% 31.12.2021 31.03.202
Slide 18: Group: EBITDA / Free Cashflow Bridge as of March 31, 2022
GROUP: EBITDA / FREE CASHFLOW BRIDGE AS OF MARCH 31, 2022 (acc. to IFRS in € million) 330.0 -113.7 -79.9 -147.8 47.8 97.2 -11.4 -38.0 -49.4 EBITDA Taxes & interest Net Capex Working Free Cashflow Leasing Free Cashflow Phasing FCF operativ Q1 2022 Capital Q1 2022 Q1 2022 wholesale Q1 2022 after leasi
Slide 19: Outlook 2022
OUTLOOK 2022 19 Analyst and Investor Call Presentation – 3M 2022 May 12, 2022
Slide 20: Outlook 2022
OUTLOOK 2022 Full-year guidance confirmed Revenues: approx. € 5.85 billion (2021: € 5.646 billion) EBITDA: at prior years level (2021: € 1.259 billion), including approx. € -70 million start-up costs 1&1 mobile network (2021: € -37.9 million) approx. € -30 million for additional marketing ac
Slide 21: United Internet AG Analyst and Investor Webcast – 3M Results 2022
UNITED INTERNET AG Analyst and Investor Webcast – 3M Results 2022 Montabaur, May 12, 2022 21 Analyst and Investor Call Presentation – 3M 2022 May 12, 2022