United Internet Ag · XETR:UTDI

United Internet — H1 2017 Earnings Presentation

29 slides from United Internet's earnings presentation, Aug 10, 2017

  1. Slide 1: United Internet AG 6-Month 2017

    UNITED INTERNET AG 6-Month 2017 Frankfurt/Main, August 10, 2017 1 H1 2017 Frankfurt/Main, August 10, 2017

  2. Slide 2: Agenda

    AGENDA Ralph Dommermuth Company development Outlook Frank Krause Results H1 2017 2 H1 2017 Frankfurt/Main, August 10, 2017

  3. Slide 3: Company Development

    COMPANY DEVELOPMENT 3 H1 2017 Frankfurt/Main, August 10, 2017

  4. Slide 4: Highlights H1 2017

    HIGHLIGHTS H1 2017  19.24 million customer contracts: + 400,000 organic growth, + 1.87 million from Strato takeover  Sales and earnings figures* H1 2016 H1 2017 Change Sales € 1,880.6 million € 1,954.1 million + 3.9 % EBITDA € 398.0 million € 429.9 million + 8.0 % EBIT € 301.5 million € 325.3 mill

  5. Slide 5: Segments: Access & Applications

    2 SEGMENTS: ACCESS & APPLICATIONS ACCESS APPLICATIONS Motivated team  8,400 employees, of which approx. 2,700 in product management, development and data centers Networks Content Sales strength  Approx. 3.9 million contracts p. a.  50,000 registrations for free services every day Operational exce

  6. Slide 6: Brands & Investments

    BRANDS & INVESTMENTS (as of: June 30, 2017) Consumer Access Business Consumer * Applications Business Partners 25.10 % 44.42 % 27.28 % 25.01 % 30.34 % 29.93 % Listed ** i n v e s t m en t s 30.39 % 28.52 % 8.31 % 10.46 % * Contribution of affilinet in Awin for a 20% stake (newly issued shares), subj

  7. Slide 7: "Access" in H1 2017

    „ACCESS“ IN H1 2017  CONSUMER ACCESS  CONSUMER APPLICATIONS  BUSINESS ACCESS  BUSINESS APPLICATIONS 7 H1 2017 Frankfurt/Main, August 10, 2017

  8. Slide 8: Business Access

    BUSINESS ACCESS  Second-largest German fiber-optic network  Project business and plug-and-play for medium-sized companies Business  Fiber-optic network with a length of 42,346 km (Prior year: 41,373 km) FTTB  In 250 German cities, including Authorities 19 of the 25 largest cities  7,983 locatio

  9. Slide 9: Consumer Access

    CONSUMER ACCESS  Largest alternative German DSL provider  “Inventor” of All-Net-Flat tariff Homes  Use of DTAG’s VDSL/vectoring connections (successive expansion of Layer 2 infrastructure) FTTC DTAG  FTTH connections of city carriers wilhelm.tel, M-net, NetCologne and R-KOM in Hamburg, Munich, A

  10. Slide 10: Consumer Access: Customer Contracts

    CONSUMER ACCESS: CUSTOMER CONTRACTS (in million) Mobile Internet DSL complete packages (ULL) T-DSL / R-DSL 10.00  9.02 million customer contracts (+ 300,000), of which 9.02 9.00 8.72 +0.30 8.00  4.57 million mobile internet contracts (+ 260,000) 7.00 4.57 4.31 6.00  4.31 million DSL complete pack

  11. Slide 11: Access: Sales

    ACCESS: SALES (acc. to IFRS in € million) 1,500 1,434.7 1.474,4 +39.7 (+2.8%)  € 1.474 billion sales (+ 2.8 %), adjusted for regulation effects + 4.4 % 1,000 • 1&1 Telecommunication: Agreement for the contribution into the Drillisch AG with € 1,266.4 million* sales (+ 7.4 %), adjusted for 500 regul

  12. Slide 12: Access: EBITDA

    ACCESS: EBITDA (acc. to IFRS in € million) 300  € 260.0 million EBITDA (+ 4.4 %), adjusted for 260.0 249.0 +11.0 r egulation and TEFD DSL migration + 5.0 % 250 (+4.4%) • 1&1 Telecommunication: Agreement for the 200 contribution into the Drillisch AG with 150 € 215.5 million* EBITDA (+ 16.9 %), adju

  13. Slide 13: Access: EBIT

    ACCESS: EBIT (acc. to IFRS in € million) 200 191,6 181.1 +10.5 (+5.8%) 150  € 191.6 million EBIT (+ 5.8 %), adjusted for regulation and migration effects + 6.6 % 100  13.0 % EBIT margin (Prior year: 12.6 %) 50 0 H1 2016 H1 2017 13 H1 2017 Frankfurt/Main, August 10, 2017

  14. Slide 14: "Applications" in H1 2017

    „APPLICATIONS“ IN H1 2017  CONSUMER ACCESS  CONSUMER APPLICATIONS  BUSINESS ACCESS  BUSINESS APPLICATIONS 14 H1 2017 Frankfurt/Main, August 10, 2017

  15. Slide 15: 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 office and organization Texts, spreadsheets, E-mail, calendar, presentations contacts, SMS, fax Cloud storage De-Mail For photos, videos, Legally secure communicat

  16. Slide 16: Consumer Applications: Customer Contracts

    CONSUMER APPLICATIONS: CUSTOMER CONTRACTS (in million) Accounts with Value-added subscription Accounts with Premium Mail subscription 2.50 2.20 2.24 +0.04  2.24 million pay products (+ 40,000) 2.00 0.48 0.52  34.29 million free accounts, of which 1.50  19.0 million with mobile usage (+ 800,000) 1

  17. Slide 17: Business Applications: From Webhoster to E-Business Solutions Provider

    BUSINESS APPLICATIONS: FROM WEBHOSTER TO E-BUSINESS SOLUTIONS PROVIDER E-Mail Website Sector Business marketing design Mobile apps content apps Local Display E-payment E-shops SEO tools listings advertisting solutions 17 H1 2017 Frankfurt/Main, August 10, 2017

  18. Slide 18: Business Applications: Customer Contracts

    BUSINESS APPLICATIONS: CUSTOMER CONTRACTS (in million) non-domestic domestic 7.98 8.00 7.00 +1.93 6.05  7.98 million customer contracts (+ 60,000 organic 6.00 4.00 5.00 growth and 1.87 million from Strato takeover) 4.00 3.71  4.00 million non-domestic 3.00 2.00 3.98  3.98 million domestic 1.00 2.

  19. Slide 19: Applications: Sales

    APPLICATIONS: SALES* (acc. to IFRS in € million) 493.8 500 +32.3 461.5  € 493.8 million sales (+ 7.0 %), (+7.0%) 450 400 adjusted for FX effects 7.7 % 350 • Business Applications: € 361.7 million (+ 13.4 %), 300 of which Strato: € + 31.7 million 250 200 • Consumer Applications: € 134.4 million (- 5

  20. Slide 20: Applications: EBITDA

    APPLICATIONS: EBITDA* (acc. to IFRS in € million) 176.1  € 176.1 million EBITDA (+ 15.0 %), adjusted for 180 +23.0 160 153.1 (+15.0%) FX effects 16.1 % 140 • Business Applications: € 118.2 million (+ 29.6 %), 120 of which Strato: € + 13.1 million 100 • Consumer Applications: € 57.9 million (- 6.5 %

  21. Slide 21: Applications: EBIT

    APPLICATIONS: EBIT* (acc. to IFRS in € million) 140.0 140 +15.0 125.0 (+12.0%) 120 100  € 140.0 million EBIT (+ 12.0 %), adjusted for 80 FX effects 13.3 % 60  28.4 % EBIT margin (Prior year: 27.1 %) 40 20 0 H1 2016 H1 2017 * affilinet carried in accordance with IFRS 5 as discontinued operation; Pr

  22. Slide 22: Outlook

    OUTLOOK 22 H1 2017 Frankfurt/Main, August 10, 2017

  23. Slide 23: Outlook

    OUTLOOK  After the end of the first half and deconsolidation of affilinet we concretise our guidance for FY 2017: FY Guidance March 2017 FY Guidance August 2017 Customer contracts approx. + 800,000 approx. + 800,000 Sales approx. + 7 % +5–6% EBITDA approx. + 12 % approx. + 12 % 23 H1 2017 Frankfurt

  24. Slide 24: Results H1 2017

    RESULTS H1 2017 24 H1 2017 Frankfurt/Main, August 10, 2017

  25. Slide 25: Group: Customer, Sales and Earnings as of 30 June 2017

    GROUP: CUSTOMER, SALES AND EARNINGS AS OF 30 JUNE 2017 (contracts in million / financial KPIs acc. to IFRS in € million; Accounting affilinet in terms of IFRS 5) H1 2016* H1 2017* Change Mobile Internet contracts 3.86 4.57 + 0.71 m DSL contracts 4.39 4.45 + 0.06 m Business Applications contracts 6.0

  26. Slide 26: Group: Balance Sheet as of 30 June 2017 (I)

    GROUP: BALANCE SHEET AS OF 30 JUNE 2017 (I) (acc. to IFRS in €k) Assets 31.12.2016 30.06.2017 Comments Property, plant and equipment /  Capex: € 98.6m; D&A: € 104.6m 1,024,476 1,237,771 intangible assets  Increase due to Strato takeover Goodwill 1,087,685 1,495,566  Increase due to Strato takeove

  27. Slide 27: Group: Balance Sheet as of 30 June 2017 (II)

    GROUP: BALANCE SHEET AS OF 30 JUNE 2017 (II) (acc. to IFRS in €k) Liabilities and equity 31.12.2016 30.06.2017 Comments Equity 1,197,812 2,065,440  Equity ratio: 36.6 % (Prior year: 29.4 %)  Bank liabilities (net): Liabilities due to banks 1,760,653 2,210,776 € 1,874.2m (Prior year: € 1,658.9m) Tr

  28. Slide 28: Group: Cash Flow as of 30 June 2017

    GROUP: CASH FLOW AS OF 30 JUNE 2017 (acc. to IFRS in €k) 30.06.2016 30.06.2017 Comments Operative cash flow 303,241 315,608  2016 without capital gains tax payment (€ 100.0m) Cash flow from operating activities 242,951 394,531  2017 without of capital gains tax refund (€ 70.3m)  Capex: € 98.6m (P

  29. Slide 29: United Internet AG: Our success story continues!

    UNITED INTERNET AG Our success story continues! 29 H1 2017 Frankfurt/Main, August 10, 2017

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