Slide 1: Analyst and Investor Webcast – 3M Results 2024
UNITED INTERNET AG Analyst and Investor Webcast – 3M Results 2024 Montabaur, May 8, 2024 1 Analyst and Investor Call Presentation – 3M 2024 May 8, 2024
Slide 2: KPIs 3M 2024
KPIs 3M 2024 28.65 million customer contracts: +200,000 in the first 3 months 2024 Revenues and earnings figures (in € million) 3M 2023 3M 2024 Change Revenues (1) 1,531.0 1,565.0 +2.2% EBITDA (1) 318.7 342.1 +7.3% EBIT (1) 188.6 187.0 -0.8% EPS (1) (in €) 0.43 0.35 -18.6% 6 EBITDA (1) operative
Slide 3: "Access" in 3M 2024
“ACCESS” IN 3M 2024 CONSUMER ACCESS CONSUMER APPLICATIONS BUSINESS ACCESS BUSINESS APPLICATIONS 3 Analyst and Investor Call Presentation – 3M 2024 May 8, 2024
Slide 4: Consumer Access Segment: Customer Contracts
CONSUMER ACCESS SEGMENT: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connections 18 16.26 16.30 16 +0.04 16.30 million customer contracts (+40,000) 14 12.10 million mobile internet contracts (+40,000) 12 4.01 million broadband connections (+/-0) 10 12.25 12.29 8 6 4 2 4.01 4.01 0
Slide 5: Consumer Access Segment: Revenues
CONSUMER ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) Service revenues Other revenues 1,200 1,021.0 1,024.4 +0.3% revenues to € 1,024.4 million +3.4 (+0.3%) +4.2% service revenues to € 821.9 million 800 -12.8% other revenues (especially smartphones) 788.9 821.9 to € 202.5 million 400 2
Slide 6: Consumer Access (I): EBITDA
CONSUMER ACCESS (I): EBITDA (acc. to IFRS in € million) 200 182.1 182.3 +0.2 +0.1% EBITDA to € 182.3 million (+0.1%) € -42.4 million costs for rollout of 1&1 mobile network 150 (prior year: € -19.2 million) 17.8% EBITDA margin (prior year: 17.8%) 100 50 0 3M 2023 3M 2024 6 Analyst and Investor
Slide 7: Consumer Access (II): EBITDA of the Two Subsegments
CONSUMER ACCESS (II): EBITDA OF THE TWO SUBSEGMENTS (acc. to IFRS in € million) EBITDA “Access” 300 “Access” 224.7 201.3 +23.4 200 (+11.6%) +11.6% EBITDA to € 224.7 million 100 21.9% EBITDA margin (prior year: 19.7%) 0 3M 2023 3M 2024 EBITDA “1&1 Mobilfunknetz” 0 “1&1 Mobilfunknetz” -20 -19.2
Slide 8: Business Access Segment: Revenues
BUSINESS ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) 150 141.7 136.1 +5.6 +4.1% revenues to € 141.7 million (+4.1%) 100 50 0 3M 2023 3M 2024 8 Analyst and Investor Call Presentation – 3M 2024 May 8, 2024
Slide 9: Business Access Segment: EBITDA
BUSINESS ACCESS SEGMENT: EBITDA (acc. to IFRS in € million) 40 35.4 +1.7% EBITDA to € 35.4 million 34.8 +0.6 (+1.7%) € -9.0 million start-up costs in the new business areas 30 “5G” and "Expansion of business parks“ (prior year: € -7.2 million) 20 25.0% EBITDA margin (prior year: 25.6%) 10 0 3M
Slide 10: "Applications" in 3M 2024
“APPLICATIONS” IN 3M 2024 CONSUMER ACCESS CONSUMER APPLICATIONS BUSINESS ACCESS BUSINESS APPLICATIONS 10 Analyst and Investor Call Presentation – 3M 2024 May 8, 2024
Slide 11: Consumer Applications Segment: Accounts
CONSUMER APPLICATIONS SEGMENT: ACCOUNTS (in million) Free accounts Pay accounts 50 42.73 42.06 million Consumer accounts (-670,000), thereof 42.06 -0.67 40 39.20 million free accounts (-730,000 primarily seasonal) 30 2.86 million pay accounts (+60,000) 39.93 39.20 20 10 2.80 2.86 0 31.12.2023
Slide 12: Consumer Applications Segment: Revenues
CONSUMER APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 80 71.1 +8.4 62.7 (+13.4%) +13.4% revenues from € 62.7 million to € 71.1 million w/o 60 revenues contributions “Energy” and “De-Mail” (reported: prior year € 70.0 million / 3M 2024 € 77.7 million) 40 20 0 3M 2023 (1) 3M 2024 (1) (
Slide 13: Consumer Applications Segment: EBITDA
CONSUMER APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 30 +20.2% EBITDA from € 19.8 million to € 23.8 million w/o EBITDA contributions “Energy” and “De-Mail” 23.8 +4.0 (reported: prior year € 15.6 million / 3M 2024 € 22.5 million) 19.8 (+20.2%) 20 33.5% EBITDA margin (prior year: 31.6
Slide 14: Business Applications Segment: Customer Contracts
BUSINESS APPLICATIONS SEGMENT: CUSTOMER CONTRACTS (in million) Abroad Domestic 10 9.49 9.39 +0.10 8 9.49 million customer contracts (+100,000) 4.80 4.88 6 4.88 million abroad (+80,000) 4.61 million domestic (+20,000) 4 4.59 4.61 2 0 31.12.2023 31.03.2024 14 Analyst and Investor Call Presentati
Slide 15: Business Applications Segment: Revenues
BUSINESS APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 400 373.0 +19.2 353.8 (+5.4%) +5.4% revenues to € 373.0 million Temporary revenue decline in Sedo's low-margin “Aftermarket business” due to phasing effects in the 200 course of a product change Excluding the “Aftermarket busi
Slide 16: Business Applications Segment: EBITDA
BUSINESS APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 120 101.3 +19.8 +24.3% EBITDA to € 101.3 million 81.5 (+24.3%) 27.2% EBITDA margin (prior year: 23.0%) 60 0 3M 2023 (1) 3M 2024 (1) Adjusted for IPO costs of € +11.3 in the prior year 16 Analyst and Investor Call Presentation – 3M
Slide 17: Key Financial KPIs 3M 2024
KEY FINANCIAL KPI S 3M 2024 (financial KPIs acc. to IFRS in € million) 3M 2023 3M 2024 Change Revenues (1) 1,531.0 1,565.0 +2.2% EBITDA (1) 318.7 342.1 +7.3% Capex 144.8 139.7 -3.5% Free cash flow (2) -4.1 -142.9 - 31.12.2023 31.03.2024 Change Net bank liabilities 2,436.6 2,614.8 +7.3% Equity ratio
Slide 18: Group: EBITDA / Free Cash Flow Bridge as of March 31, 2024
GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF MARCH 31, 2024 (acc. to IFRS in € million) 340.8 -139.7 -104.3 -103.0 -53.0 -43.7 -102.9 -40.0 -142.9 EBITDA Capex Phasing effects Tax VAT Working Free Cashflow Leasing Free Cashflow 3M 2024 (1) (net) from Q4 2023 additional Capital & 3M 2024 after leasing
Slide 19: Outlook 2024
OUTLOOK 2024 19 Analyst and Investor Call Presentation – 3M 2024 May 8, 2024
Slide 20: Outlook 2024
OUTLOOK 2024 Full year guidance confirmed (1) Revenues: approx. € 6.5 billion (2023: € 6.213 billion) EBITDA (operative): approx. € 1.42 billion (2023: € 1.30 billion) Cash-CAPEX: 10 - 20% above the previous year's figure (2023: € 756 million), in particular for building the mobile network a
Slide 21: Q&A Session
Q&A SESSION 21 Analyst and Investor Call Presentation – 3M 2024 May 8, 2024
Slide 22: United Internet AG Analyst and Investor Webcast – 3M Results 2024
UNITED INTERNET AG Analyst and Investor Webcast – 3M Results 2024 Montabaur, May 8, 2024 22 Analyst and Investor Call Presentation – 3M 2024 May 8, 2024