Slide 1: Q4/FY 2024 Results Presentation
Q4/FY 2024 Results Presentation 12 February 2025
Slide 2: Important Notice / APMs
Important Notice / APMs This presentation as well as any information communicated in connection This document contains alternative performance measures (APM) that are therewith (the “Presentation”) contains information regarding TeamViewer not defined under IFRS. The APMs (non-IFRS) can be reconcile
Slide 3: Important Notice / APMs (continued)
Important Notice / APMs (continued) • Non-recurring Billings means Billings that do not recur, such as • Average Selling Price (ASP) is calculated by dividing the total SMB / professional services and hardware reselling. Enterprise Billings of the last twelve months (LTM) by the total number of SMB
Slide 4: Business Overview TeamViewer standalone
Business Overview TeamViewer standalone Oliver Steil (CEO)
Slide 5: Highlights
Highlights Strong 2024 results with continued Enterprise momentum 1 Strong Q4 as well as FY24 Very strong Enterprise Revenue Annual Recurring Revenue Revenue growth (+9 % cc yoy) growth in Q4 (+38 % cc yoy) increase of +7 % cc yoy in FY24 above guidance range driven by high-value Enterprise proves c
Slide 6: All regions with strong Revenue growth in FY 2024
All regions with strong Revenue growth in FY 2024 Enterprise continued its strong growth momentum Regional Development Customer Categories (% yoy) (% yoy) AMERICAS FY24 Revenue: 35 % €234.4m (+5 % | 8 % cc) EMEA 54 % FY24 Revenue ENT 23 % FY24 Revenue 77 % SMB FY24 Revenue: €671.4m €671.4m €365.2m (
Slide 7: Enterprise achieved strong double-digit growth across all ARR value ranges
Enterprise achieved strong double-digit growth across all ARR value ranges SMB (ARR view) Enterprise (ARR view) (€m; % yoy cc) (€m; % yoy cc) € 1,500 - <10,000 ARR € >200,000 ARR 533.7 519.8 € 500 - <1,500 ARR 150.3 € >100,000 ARR € <500 ARR € >50,000 ARR 124.3 25.2 € 10,000 - 50,000 ARR +27 % 245.8
Slide 8: Blue chip customers across all industries and regions rely on TeamViewer
Blue chip customers across all industries and regions rely on TeamViewer 8 TeamViewer | Q4 2024 Results
Slide 9: 1E
1E Mark Banfield (CCO) ©TeamViewer
Slide 10: 1E achieved strong 30% yoy ARR growth and strong profitability in FY 2024
1E achieved strong 30 % yoy ARR growth and strong profitability in FY 2024 APAC SMB 1.6 % 0.3 % • ARR increase of 30 % yoy on the back of EMEA 16.2 % significant platform advancements and market-leading deals ARR: 1 1 • Adjusted EBITDA margin of 27 % ARR: €73.4m €73.4m highlights underlying and stro
Slide 11: Financial Overview
Financial Overview Michael Wilkens (CFO)
Slide 12: FY 2024: Revenue exceeded updated guidance, 14% EBITDA yoy growth
FY 2024: Revenue exceeded updated guidance, 14 % EBITDA yoy growth in 2024 Topline KPIs FY 2024 Profitability / Cash FY 2024 (% and pp yoy) (% and pp yoy) €671.4m €296.7m Revenue Adjusted EBITDA +7 %/+9 % cc +14 % €699.7m Adjusted EBITDA 44 % Billings +3 %/+4 % cc Margin +3 pp 1 €684.1m Free Cash Fl
Slide 13: Strong growth across all metrics
Strong growth across all metrics 1 Quarterly Revenue and Growth Rates Adjusted EBITDA and Margin (€m; %) 177.0 (€m; %) 163.1 161.7 164.1 168.7 48 % 47 % 38 % 40 % 41 % 8% 7% (9 % cc) 6 % (9 % cc) 7% (8 % cc) 8 % (9 % cc) 67.5 81.0 83.0 62.4 65.2 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q4 2023 Q1 202
Slide 14: Strong Enterprise ARR growth, new customer wins, NRR
Strong Enterprise ARR growth, new customer wins, NRR of 100 % and 109 % incl. upsell from SMB 1 Quarterly ENT Revenue and Growth Rates ENT ASP ENT Customers (€m; %) 45.5 (€k, LTM) (eop) 4,738 37.1 34 35 35 4,342 4,494 35.1 34 34 4,164 4,199 33.3 33.7 37 % (38 % cc) 22 % (23 % cc) 19 % 17 % (19 % cc)
Slide 15: Solid SMB performance despite a very strong previous year
Solid SMB performance despite a very strong previous year that benefited from higher price increases 1 2 Quarterly SMB Revenue and Growth Rates SMB ASP SMB Subscriber Churn (€m; %) (€; LTM) (k; LTM) 129.9 128.0 129.0 131.6 131.5 852 841 838 836 833 14.8 % 15.3 % 15.7 % 15.4 % 15.3 % 6% 5% (7 % cc) 3
Slide 16: FY24 adj. EBITDA increase of 14%, adj. EBITDA margin at 44%
FY24 adj. EBITDA increase of 14 %, adj. EBITDA margin at 44 % ... FY 2024 Recurring Cost growth of 2 % €m (all adjusted non-IFRS figures) Q4 2024 Q4 2023 ∆% FY 2024 FY 2023 ∆% below Revenue increase (+7 %) Revenue 177.0 163.1 8% 671.4 626.7 7% Cost of Goods Sold (COGS) (14.7) (13.1) 12 % (54.6) (46.
Slide 17: Results in strong uplift of adjusted EPS by 20% for 2024
… results in strong uplift of adjusted EPS by 20 % for 2024 FY 2024 YoY increase in Net income of €m Q4 2024 Q4 2023 ∆% FY 2024 FY 2023 ∆% 8 % ... Adjusted EBITDA 83.0 62.4 33 % 296.7 260.5 14 % 1 • … due to reduced D&A as PPA from Adjustment for non-recurring items (17.8) (7.3) 143 % (44.1) (38.6)
Slide 18: FCFE up 8% yoy to strong €215m
FCFE up 8 % yoy to strong €215m, in line with TeamViewer’s expectations Increase of pre-tax UFCF due to €m Q4 2024 Q4 2023 ∆% FY 2024 FY 2023 ∆% positive effects from the revised scope Pre-Tax net cash from operating activities (IFRS) 100.7 78.8 28 % 312.6 275.5 13 % of the Manchester United partner
Slide 19: Post-1E transaction leverage is 3.2x targeting below 2.0x by end of 2026
Post-1E transaction leverage is 3.2x targeting below 2.0x by end of 2026 TeamViewer standalone leverage significantly (€m) Post-1E, deleveraging to <2.0x by the end of 2026 improved at year end to 1.3x 3.2x <2.0x Cash/Cash Op. Cash Share Net debt Paid CapEx Cash/Cash Financial Net Fin. 1 2 3 Equival
Slide 20: The 1E acquisition closed at the end of Jan 2025, integration within 12 months
The 1E acquisition closed at the end of Jan 2025 on track to be integrated within 12 months Accelerate business growth and maximize customer benefits as quickly as possible Expected Duration 0-3 months 4-6 months 7-9 months 10-12 months Post-Closing Enable Enterprise cross- Mobilize Go-to-Market sel
Slide 21: FY 2025 Pro-forma guidance
FY 2025 Pro forma figures Pro-forma guidance In preparation of the pro forma figures, the historical FY FY 2024 Actuals, FY 2025 Guidance, 2024 pro forma financials of TeamViewer and 1E 1,2 TMV+1E unaudited pro forma separately and combined have been included for like-for- (Jan 1 - Dec 31, 2024) (Ja
Slide 22: Additional indicative steering for modelling purposes only
Additional indicative steering for modelling purposes only 1 FY 2025 pro forma revenue & ARR (TMV + 1E) FY 2025 other items 2, 3 Pro forma indicative FY 25 quarterly revenue phasing non-recurring items related to the 1E transactions & at least at least integration: at least €206m at least €191m €198
Slide 23: Creating a world that works better
© TeamViewer Creating a world that works better Investor presentation February 2025
Slide 24: Market-leading IT-OT automation platform
&) TeamViewer Market-leading IT-OT automation platform positioned to capitalize on digital workplace megatrends TeamViewer’s IT-OT automation solutions are positioned at the center of the C-Suite agenda Operating in a multi-billion TAM as every organization is seeking productivity enhancements Since
Slide 25: TeamViewer's IT-OT automation solutions are positioned at the center of the C-Suite agenda
TeamViewer’s IT-OT automation solutions are positioned at the center of the C-Suite agenda @s Hybrid and Cybersecurity Shortage of Digital Increased Rise of remote work at scale skilled labor transformation Sustainability Big Data and Al Number of global Connected Job vacancies per 98% of companies
Slide 26: Operating in a multi-billion TAM
Operating in a multi-billion TAM as every organization is seeking productivity enhancements 4 Total Addressable Market (TAM) and CAGR: €22.0bn +13.6% CAGR, 2024-28 oa oa : Client Endpoint . . Management Client Endpoint Management ( C life-cycle (UEM, PC life-cycle & loT device mgmt.) & vice mgmt.) 2
Slide 27: Since IPO, we successfully expanded the business along three key growth dimensions
Since IPO, we successfully expanded the business along three key growth dimensions Go-to-Market A Multi-year buildout of global sales footprint and brand equity Enterprise . Global Mid-market Go-to-Market Organic mix-shift towards Enterprise, now turbo- charged by 1E Decisive organic and inorganic d
Slide 28: Well-invested GTM with global sales footprint and premium brand equity
Well-invested GTM with global sales footprint and premium brand equity @ Saleslocations @ R&Dlocations Sales FTEs* Global organization with| We have strategically astronglocalfootprint | investedin across important geographic teams markets - muscular to exploit market addition to AMS team opportunit
Slide 29: Successful organic move into ENT, from almost zero to 23% of revenues
Successful organic move into ENT, from almost zero to 23% of revenues, turbocharged by 1E Successful organic ENT expansion Stronger ENT presence with 1E Compelling combined profile aa aa Revenue ENT Revenue Share €m) 9% revenue 2398) _& 69 30% increased a 56 insize 5%t and share 2019 2024 a : ” : 47
Slide 30: Decisive organic and inorganic development strategy
Decisive organic and inorganic development strategy to now cover full spectrum of IT automation and Frontline digitalization... Digital Maturity Al Autonomy (AutoPilot) Al Workflows, (CoPilot) The Intelligent Endpoint ap 5 Scripted Digital Employee Experience Workflows Remote Monitoring and Manageme
Slide 31: Across a broad range of customers and use cases
across a broad range of customers and use cases Gartner Gartner: #2 DEX category leader in Magic Quadrant : S$ Leader on Market leader across multiple categories Commonspini# Specsavers) @ je J econ Tapp Aésop. [rR | Schneider PAC Radar 2024: #1 Platform for Connected Workers (AR) ABI Research: lead
Slide 32: Highly strategic partner for renowned global IT & OT leaders
Very successful development into highly strategic partner for renowned global IT & OT leaders The Intelligent Endpoint Microsoft servicenow | G eee EE EE Smart Services + Joint product roadmaps with latest innovation including Al + Strategic co-sell and co-marketing with global scale SAP A 44 Manhat
Slide 33: 1E adds industry-leading EUC and DEX capabilities
1E adds industry-leading EUC and DEX capabilities to TeamViewer’s platform >3000 651 Pre-built DEX automations available in 14E Exchange Average number of active automations (checks and fixes) per customer Deepest devicetelemetry ~~ in industry with minimal resource utilization and cross platform na
Slide 34: Stronger together: pioneering the intelligent IT-OT endpoint
Stronger together: pioneering the intelligent IT-OT endpoint for a frictionless digital workplace Unparalleled Visibility Al-Piloted Operations End-to-End Device Control Real-time observability of deep telemetry across device, application, network, and cloud =1E DEX Online/Offline edge automation in
Slide 35: Bringing ENT innovation down-market will further strengthen SMB
Bringing ENT innovation down-market will further strengthen TeamViewer’s q arn Highest SMB SMB Subscribers SMe) Billings ACV Bucket? 639 532 { y 262 2019 2024 2019 2024 2019 2024 TeamViewer has a strong record of successful up- and cross- sell into its large and growing SMB customer base. TeamViewer
Slide 36: A strong platform for sustained double-digit revenue growth from FY 2027
Astrong platform for sustained double-digit revenue growth from FY 2027 onwards, at best-in-class margins and with EPS accretion Revenue Mid-Term Targets (€m) Positioned at the center of digital megatrends 1,030-1,060 935-960 © Global footprint, with exceptional brand equity | | Vast customer and in
Slide 37: Q&A
Q&A
Slide 38: Appendix
Appendix © TeamViewer
Slide 39: Definitions
Definitions Annualized Recurring Revenue Net Retention Rate on ARR Annualized Recurring Revenue (ARR) is calculated as: • Net Retention Rate on ARR (on ARR, cc) is calculated as: the annualized revenue of active subscription contracts as • Retained ARR at the end of the reporting period divided by a
Slide 40: Historic ARR / NRR
Historic ARR / NRR New calculation method Previous calculation method (as introduced in Q3 2024) (method applied until Q2 2024, disclosed in parallel for transparency purposes) Based on Revenue Q4 2024 Q3 2024 Q2 2024 Q1 2024 Based on Billings Q4 2024 Q3 2024 Q2 2024 Q1 2024 Total Total ARR in €m 68
Slide 41: Overview Sales KPIs
Overview Sales KPIs Q4’24 Q3’24 Q2’24 Q1’24 Q4’23 Q3’23 Q2’23 Q1’23 Q4’22 SMB Billings p.q. in €m 150.3 118.8 121.3 141.8 148.6 122.8 121.9 142.8 147.3 Billings LTM in €m 532.2 530.6 534.5 535.0 536.0 534.7 529.9 517.3 502.8 1 Number of subscribers 638,964 639,480 637,571 635,962 627,362 622,188 629
Slide 42: Q4 2024: Reconciliation management metrics to IFRS
Q4 2024: Reconciliation management metrics to IFRS Accounting Management view Change in Management view Other non-IFRS view 1 2 1 €m adjusted P&L deferred revenue Revenue adj. P&L D&A adjustments IFRS P&L Billings / Revenue 212.8 (35.8) 177.0 177.0 Cost of Goods Sold (COGS) (14.7) (14.7) (3.0) (0.2)
Slide 43: FY 2024: Reconciliation management metrics to IFRS
FY 2024: Reconciliation management metrics to IFRS Accounting Management view Change in Management view Other non-IFRS view 1 2 1 €m adjusted P&L deferred revenue Revenue adj. P&L D&A adjustments IFRS P&L Billings / Revenue 699.7 (28.3) 671.4 671.4 Cost of Goods Sold (COGS) (54.6) (54.6) (24.5) (1.8
Slide 44: Non-IFRS adjustments in EBITDA
Non-IFRS adjustments in EBITDA Total Non-IFRS adjustments in FY 2024 €m Q4 2024 Q4 2023 FY 2024 FY 2023 increased largely due to valuation effects Total IFRS 2 charges (0.6) (7.2) (16.6) (23.7) from fair value changes of EUR/USD hedges TeamViewer LTIP 0.4 0.4 0.9 (0.9) 1 RSU/PSU (4.2) (3.7) (15.4) (
Slide 45: Share Count Development since IPO
Share Count Development since IPO Share Buyback 2022 Share Buyback 2023 (24,093,675 shares) Tranche I Share Buyback 2023 Ubimax Acquisition (5,078,064 shares) Capital increase by Tranche II contribution in kind (4,915,829 shares) (1,070,931 shares) 201,070,931 Share Redemption 200,000,000 (14,555,07
Slide 46: Annual Contract Value (Billings based)
Annual Contract Value (Billings based) SMB Billings by ACV Bucket (LTM) Enterprise Billings by ACV Bucket (LTM) (€m; LTM) (€m; LTM) € 1,500 - <10,000 ARR € >200,000 ARR 536.0 532.2 € 500 - <1,500 ARR 167.5 € >100,000 ARR € <500 ARR € >50,000 ARR 141.9 € 10,000 - 50,000 ARR 37.0 256.5 +32 % 261.8 +2
Slide 47: Financial Statements
Financial Statements © TeamViewer
Slide 48: Profit & Loss Statement
Profit & Loss Statement € thousand Q4 2024 Q4 2023 ∆% FY 2024 FY 2023 ∆% Revenue 176,971 163,114 8% 671,422 626,689 7% Cost of Goods Sold (COGS) (17,943) (22,163) -19 % (80,834) (81,743) -1 % Gross profit 159,028 140,951 13 % 590,588 544,946 8% Research and development (19,994) (21,752) -8 % (79,950
Slide 49: Balance Sheet – Assets
Balance Sheet – Assets € thousand 31 December 2024 31 December 2023 Non-current assets Goodwill 668,091 667,662 Intangible assets 149,006 175,736 Property, plant and equipment 41,457 43,261 Financial assets 5,412 11,866 1 Investments in associates 20,862 15,414 Other assets 22,440 19,530 Deferred ta
Slide 50: Balance Sheet – Equity & Liabilities
Balance Sheet – Equity & Liabilities € thousand 31 December 2024 31 December 2023 Equity Issued capital 170,000 174,000 Capital reserve 70,327 105,234 (Accumulated losses)/retained earnings 27,893 (95,188) Hedge reserve 5,822 929 Foreign currency translation reserve 4,653 1,614 Treasury share reserv
Slide 51: Cash Flow Statement
Cash Flow Statement € thousand Q4 2024 Q4 2023 ∆% FY 2024 FY 2023 ∆% Profit before tax 51,604 36,505 41 % 184,450 147,455 25 % Depreciation, amortization and impairment of non-current assets 8,525 13,528 -37 % 46,169 55,358 -17 % Increase/(decrease) in provisions 681 (761) -189 % 907 349 160 % Non-o
Slide 52: Cash Flow Statement (continued)
Cash Flow Statement (continued) € thousand Q4 2024 Q4 2023 ∆% FY 2024 FY 2023 ∆% Repayments of borrowings (20,000) 0 n/a (279,000) (100,000) 179 % Proceeds from borrowings 0 0 n/a 194,000 0 n/a Payments for the capital element of lease liabilities (5,206) (5,914) -12 % (12,471) (11,079) 13 % Interes
Slide 53: Financial Calendar
20 March 2025 Annual Report Financial 6 May 2025 Q1 2025 Results & Analyst Call Calendar 28 May 2025 Annual General Meeting 29 July 2025 Q2/H1 2025 Results & Analyst Call 4 November 2025 Q3 2025 Results & Analyst Call
Slide 54: TeamViewer
TeamViewer