Slide 1: United Internet AG 6-Month 2023
UNITED INTERNET AG 6-Month 2023 Frankfurt/Main, August 3, 2023 1 H1 2023 Frankfurt/Main, August 3, 2023
Slide 2: Agenda
AGENDA Ralph Dommermuth Company development Outlook 2023 Ralf Hartings Results H1 2023 2 H1 2023 Frankfurt/Main, August 3, 2023
Slide 3: Company Development
COMPANY DEVELOPMENT 3 H1 2023 Frankfurt/Main, August 3, 2023
Slide 4: Business Areas: Access & Applications
2 BUSINESS AREAS: ACCESS & APPLICATIONS ACCESS APPLICATIONS Consumer Access Consumer Applications Motivated Team ▪ 10,700 employees, of which approx. 3,800 in product management, development and data centers Revenues strength ▪ Around 5 million contracts p. a. ▪ 50,000 registrations for free service
Slide 5: Brands & Investments
BRANDS & INVESTMENTS (as of June 30, 2023) Consumer Access Business Consumer Applications Business Partners 20.00% 25.39% 31.52% 16.02%* 38.00%** 25.10% * Held indirectly via the 63.84% interest in IONOS Group SE ** Held indirectly via the 40% shareholding in Kublai GmbH 5 H1 2023 Frankfurt/Main, Au
Slide 6: "Access" in H1 2023
“ACCESS” IN H1 2023 ▪ CONSUMER ACCESS ▪ CONSUMER APPLICATIONS ▪ BUSINESS ACCESS ▪ BUSINESS APPLICATIONS 6 H1 2023 Frankfurt/Main, August 3, 2023
Slide 7: "Consumer Access": Fixed-line Business
“CONSUMER ACCESS”: FIXED-LINE BUSINESS Fixed-line ▪ 1&1 as largest alternative DSL provider with 4.05 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 Mobilfunk ▪ 1&1 as leading MVNO with
Slide 8: "Consumer Access": Customer Contracts
“CONSUMER ACCESS”: CUSTOMER CONTRACTS (in millions) Mobile Internet Broadband connections 20 ▪ 15.96 million customer contracts (+180,000) 15.78 15.96 ▪ 11.68 million mobile Internet contracts (+230,000) +0.18 15 ▪ 4.10 million ADSL / VDSL / FTTH broadband lines 10 11.68 11.91 (-50,000) ▪ Good progr
Slide 9: "Consumer Access": Revenues
“CONSUMER ACCESS”: REVENUES (acc. to IFRS in € millions) Service revenues Other revenues (mainly hardware) 1,952.0 1,993.1 +41.1 2,000 (+2.1%) ▪ +2.1% revenues to € 1.993 billion ▪ +0.2% service revenues to € 1.585 billion 1,500 1,584.6 ▪ +10.4% other revenues (especially smartphones) 1,581.9 1,000
Slide 10: "Consumer Access" (I): Total EBITDA
“CONSUMER ACCESS” (I): TOTAL EBITDA (acc. to IFRS in € millions) 400 368.2 352.0 -16.2 (-4.4%) 300 ▪ -4.4% EBITDA to € 352.0 million, including ▪ € -40.8 million from expenses for the roll-out of the 1&1 200 mobile network (prior year: € -16.1 million). ▪ 17.7% EBITDA margin (prior year: 18.9%) 100
Slide 11: "Consumer Access" (II): EBITDA Subsegments
“CONSUMER ACCESS” (II): EBITDA SUBSEGMENTS (acc. to IFRS in € million) EBITDA “Access” 384.3 392.8 +8.5 400 (+2.2%) “Access” 300 200 ▪ +2.2% EBITDA to € 392.8 million 100 ▪ 19.7% EBITDA margin (prior year: 19.7%) 0 H1 2022 H1 2023 EBITDA “1&1 Mobilfunknetz” “1&1 Mobilfunknetz” 0 -20 ▪ € -40.8 millio
Slide 12: "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 Gewerbe ▪ 57,113 km of fiber optic network FTTB ▪ In more than 350 German cities, including the Behörden 25 largest cities ▪ 24,526 direc
Slide 13: "Business Access": Revenues
“BUSINESS ACCESS”: REVENUES (acc. to IFRS in € millions) 300 270.8 +8.7 262.1 (+3.3%) 200 ▪ +3.3% revenues to € 270.8 million 100 0 H1 2022 H1 2023 13 H1 2023 Frankfurt/Main, August 3, 2023
Slide 14: "Business Access": EBITDA
“BUSINESS ACCESS”: EBITDA (acc. to IFRS in € millions) 80 77.2 +2.3 74.9 (+3.1%) 60 ▪ +3.1% EBITDA to € 77.2 million ▪ 28.5% EBITDA margin (prior year: 28.6%) 40 20 0 H1 2022 H1 2023 14 H1 2023 Frankfurt/Main, August 3, 2023
Slide 15: "Applications" in H1 2023
“APPLICATIONS” IN H1 2023 ▪ CONSUMER ACCESS ▪ CONSUMER APPLICATIONS ▪ BUSINESS ACCESS ▪ BUSINESS APPLICATIONS 15 H1 2023 Frankfurt/Main, August 3, 2023
Slide 16: "Consumer Applications"
“CONSUMER APPLICATIONS” ▪ With GMX, WEB.DE and mail.com, one of the leading providers of consumer applications Communication Online Office and organization texts, spreadsheets, E-mail, calendar, presentations ▪ Broad product portfolio for private customers: contacts, SMS, fax Personal Information Ma
Slide 17: "Consumer Applications": Accounts
“CONSUMER APPLICATIONS”: ACCOUNTS (in millions) Free-Accounts Pay-Accounts ▪ 42.26 million Consumer accounts (-690,000), thereof 50 ▪ 36.52 million free accounts (-790,000 primarily seasonal) 42.95 42.26 -0.69 40 -240,000 compared to 30.06.2022 ▪ 2.74 million pay accounts (+100,000), 30 +160,000 com
Slide 18: "Consumer Applications": Revenues
“CONSUMER APPLICATIONS”: REVENUES (acc. to IFRS in € millions) 150 142.6 141.0 -1.6 (-1.1%) ▪ -1.1% revenues to € 141.0 million ▪ Q1 yoy: -2.2% (higher advertising revenues in Q1 2022 100 before Ukraine war / inflation) ▪ Q2 yoy: 0.0% 50 Significant revenues growth expected in H2 0 H1 2022 H1 2023 1
Slide 19: "Consumer Applications": EBITDA
“CONSUMER APPLICATIONS”: EBITDA (acc. to IFRS in € millions) 50 48.4 47.7 -0.7 (-1.4%) ▪ -1.4% EBITDA to € 47.7 million 40 ▪ 33.8% EBITDA margin (prior year: 33.9%) 30 ▪ Q1 yoy: -10.3% 20 ▪ Q2 yoy: +6.2% Positive trend expected to continue in H2 10 0 H1 2022(1) H1 2023(1) (1) Adjusted for valuation
Slide 20: "Business Applications"
“BUSINESS APPLICATIONS” ▪ IONOS as Europe's leading digitization partner for freelancers and small/medium-sized enterprises and reliable cloud enabler ▪ Active in 15 European countries: #1 in Germany, Spain, Poland and Austria, #2 in UK and France*, also in USA, Canada and Mexico ▪ Broad product por
Slide 21: "Business Applications": Customer Contracts
“BUSINESS APPLICATIONS”: CUSTOMER CONTRACTS (in millions) Abroad Domestic 10 9.04 9.25 +0.21 8 4.61 4.72 ▪ 9.25 million customer contracts (+210,000) 6 ▪ 4.72 million abroad (+110,000) 4 ▪ 4.53 million in Germany (+100,000) 2 4.43 4.53 0 31.12.2022 30.06.2023 21 H1 2023 Frankfurt/Main, August 3, 202
Slide 22: "Business Applications": Revenues
“BUSINESS APPLICATIONS”: REVENUES (acc. to IFRS in € millions) 750 708.6 +78.8 629.8 (+12.5%) 600 ▪ +12.5% revenues to € 708.6 million 450 ▪ Customer growth ▪ Increased up- and cross-selling 300 ▪ Good growth in aftermarket business 150 0 H1 2022 H1 2023 22 H1 2023 Frankfurt/Main, August 3, 2023
Slide 23: "Business Applications": EBITDA
“BUSINESS APPLICATIONS”: EBITDA (acc. to IFRS in € millions) 225 192.3 +19.8 180 172.5 (+11.5%) 135 ▪ +11.5% EBITDA to € 192.3 million 90 ▪ 27.1% EBITDA margin (prior year: 27.4%) 45 0 H1 2022 (1) H1 2023 (1) (1) Adjusted for IPO costs of € +11.7 million (prior year: € -2.4 million) 23 H1 2023 Frank
Slide 24: Group: KPIs H1 2023
GROUP: KPIs H1 2023 ▪ + 490,000 customer contracts to 27.95 million contracts Revenues and earnings figures (in € million) H1 2022 (1) H1 2023 (2) Change Revenues 2,901.1 3,028.1 +4.4% EBITDA 657.5 670.1 +1.9% EBIT 417.3 408.5 -2.1% EPS (in €) 1.04 0.84 -19.2% ▪ Included in EBITDA H1 2023: ▪ € -40.8
Slide 25: Outlook 2023
OUTLOOK 2023 25 H1 2023 Frankfurt/Main, August 3, 2023
Slide 26: Outlook 2023
OUTLOOK 2023 We confirm our guidance: ▪ Revenues: approx. € 6.2 billion (2022: € 5.915 billion) ▪ EBITDA (excluding derivatives and IONOS IPO) at prior-year level (2022: € 1.272 billion), including ▪ Approx. € 120 million (prior year: € 52 million) in start -up costs for network roll-out at 1&1 ▪ CA
Slide 27: Results H1 2023
RESULTS H1 2023 27 H1 2023 Frankfurt/Main, August 3, 2023
Slide 28: Group: KPIs as of June 30, 2023
GROUP: KPIs AS OF JUNE 30, 2023 P&L ratios acc. to IFRS in € million H1 2022 (1) H1 2023 (2) Change Fee-based customer contracts 27.04 27.95 ▪ +910,000 Advertising financed free accounts 39.76 39.52 ▪ -240,000 (pay accounts: +160,000) Revenues 2,901.1 3,028.1 ▪ +4.4% ▪ +1.9% despite € -24.7 million
Slide 29: Group: EBITDA / Free Cash Flow Bridge as of June 30, 2023
GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF JUNE 30, 2023 (nach IFRS in Mio. €) 670.1 -6.0 -299.2 -124.5 -276.5 -26.0 -62.1 -65.4 -127.5 EBITDA One-offs Capex Tax Contingent Working Capital & Free Cashflow Leasing Free Cashflow H1 2023 (net) payment others H1 2023 after leasing 29 H1 2023 Frankfurt/
Slide 30: Group: Balance Sheet as of June 30, 2023 (I)
GROUP: BALANCE SHEET AS OF JUNE 30, 2023 (I) (acc. to IFRS in € millions) Assets 31.12.2022 30.06.2023 Comments ▪ Increase due to increased investments in fiscal year 2023 Property, plant and equipment / intangible assets 3,880.3 4,003.7 (in particular 5G mobile network) Goodwill 3,623.4 3,628.3 ▪ M
Slide 31: Group: Balance Sheet as of June 30, 2023 (II)
GROUP: BALANCE SHEET AS OF JUNE 30, 2023 (II) (acc. to IFRS in € millions) Liabilities and equity 31.12.2022 30.06.2023 Comments Equity 5,298.4 5,405.5 ▪ Equity ratio: - 1.0 PP to 50.2% ▪ Liabilities to banks (net): € 2,341.8 million (Dec. 31, 2022: € 2,115.0 million); increase in particular due to
Slide 32: United Internet AG: Our success story continues!
UNITED INTERNET AG Our success story continues! 32 H1 2023 Frankfurt/Main, August 3, 2023