United Internet Ag · XETR:UTDI

United Internet — 9M 2023 Earnings Presentation

22 slides from United Internet's earnings presentation, Nov 10, 2023

  1. Slide 1: Analyst and Investor Webcast – 9M Results 2023

    UNITED INTERNET AG Analyst and Investor Webcast – 9M Results 2023 Montabaur, November 10, 2023 1 Analyst and Investor Call Presentation – 9M 2023 November 10, 2023

  2. Slide 2: KPIs 9M 2023

    KPIs 9M 2023  28.19 million customer contracts: +730,000 in the first 9 months 2023 Revenues and earnings figures (in € million) 9M 2022 9M 2023 Change Revenues 4,384.3 4,588.9 +4.7% EBITDA (1) 986.5 995.9 +1.0% EBIT (1) 625.2 599.5 -4.1% EPS (1) (in €) 1.59 1.23 -22.6% 6  EBITDA (1) operative 9M

  3. Slide 3: “Access” in 9M 2023

    “ACCESS” IN 9M 2023  CONSUMER ACCESS  CONSUMER APPLICATIONS  BUSINESS ACCESS  BUSINESS APPLICATIONS 3 Analyst and Investor Call Presentation – 9M 2023 November 10, 2023

  4. Slide 4: Consumer Access Segment: Customer Contracts

    CONSUMER ACCESS SEGMENT: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connections 18  16.11 million customer contracts (+330,000) 15.78 16.11 16 +0.33  12.10 million mobile internet contracts (+420,000) 14 12  4.01 million broadband connections (-90,000) 10 11.68 12.10  Continuous p

  5. Slide 5: Consumer Access Segment: Revenues

    CONSUMER ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) Service revenues Other revenues 3,200 2,950.3 3,031.8 +81.5  +2.8% revenues to € 3,031.8 million (+2.8%) 2,800  +1.3% service revenues to € 2,418.9 million 2,400  +8.7% other revenues (especially smartphones) 2,000 2,386.7 2,418.9 to €

  6. Slide 6: Consumer Access (I): EBITDA

    CONSUMER ACCESS (I): EBITDA (acc. to IFRS in € million) 549.0 550 -37.9 511.1 (-6.9%) 500 450  -6.9% EBITDA from € 549.0 million to € 511.1 million 400 350  € -73.8 million costs for rollout of 1&1 mobile network 300 (prior year: € -26.8 million) 250 200  16.9% EBITDA margin (prior year: 18.6%) 1

  7. 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” 575.8 584.9 +9.1 600 (+1.6%) “Access” 500 400  +1.6% EBITDA to € 584.9 million 300 200  19.3% EBITDA margin (prior year: 19.5%) 100 0 9M 2022 9M 2023 EBITDA “1&1 Mobilfunknetz” 0 “1&1 Mobilfunknetz” -20

  8. Slide 8: Business Access Segment: Revenues

    BUSINESS ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) 450 413.4 +14.2 399.2 400 (+3.6%) 350 300  +3.6% revenues to € 413.4 million 250 200 Q3 revenues yoy: +4.0% 150 100 50 0 9M 2022 9M 2023 8 Analyst and Investor Call Presentation – 9M 2023 November 10, 2023

  9. Slide 9: Business Access Segment: EBITDA

    BUSINESS ACCESS SEGMENT: EBITDA (acc. to IFRS in € million) 120 118.2 112.2 +6.0 110 (+5.3%) 100 90  +5.3% EBITDA to € 118.2 million 80 70  28.6% EBITDA margin (prior year: 28.1%) 60 50 40 Q3 EBITDA yoy: +9.9% 30 20 10 0 9M 2022 9M 2023 9 Analyst and Investor Call Presentation – 9M 2023 November 1

  10. Slide 10: “Applications” in 9M 2023

    “APPLICATIONS” IN 9M 2023  CONSUMER ACCESS  CONSUMER APPLICATIONS  BUSINESS ACCESS  BUSINESS APPLICATIONS 10 Analyst and Investor Call Presentation – 9M 2023 November 10, 2023

  11. Slide 11: Consumer Applications Segment: Accounts

    CONSUMER APPLICATIONS SEGMENT: ACCOUNTS (in million) Free accounts Pay accounts 50 42.95  42.55 million Consumer accounts (-400,000), thereof 42.55 -0.40 40  39.77 million free accounts (-540,000 primarily seasonal) 30  2.78 million pay accounts (+140,000) 40.31 39.77 20  28.2 million with mobil

  12. Slide 12: Consumer Applications Segment: Revenues

    CONSUMER APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 220 211.5 215.3 +3.8 (+1.8%) 200 180 160  +1.8% revenues to € 215.3 million 140 120 100 Q3 revenues yoy: +7.7% 80 60 40 20 0 9M 2022 9M 2023 12 Analyst and Investor Call Presentation – 9M 2023 November 10, 2023

  13. Slide 13: Consumer Applications Segment: EBITDA

    CONSUMER APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 75 73.8 70.3 +3.5 (+5.0%)  +5.0% EBITDA to € 73.8 million 50  34.3% EBITDA margin (prior year: 33.2%) Q3 EBITDA yoy: +18.6% 25 0 9M 2022 (1) 9M 2023 (1) (1) excl. a non-cash valuation effect from derivatives EBITDA effect: € -5.3 mi

  14. Slide 14: Business Applications Segment: Customer Contracts

    BUSINESS APPLICATIONS SEGMENT: CUSTOMER CONTRACTS (in million) Abroad Domestic 10 9.30 9.04 +0.26 8  9.30 million customer contracts (+260,000) 4.61 4.74 6  4.74 million abroad (+130,000)  4.56 million domestic (+130,000) 4 4.43 4.56 2 0 31.12.2022 30.09.2023 14 Analyst and Investor Call Presenta

  15. Slide 15: Business Applications Segment: Revenues

    BUSINESS APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 1,200 1,058.7  +11.0% revenues to € 1,058.7 million +105.0 1,000 953.7 (+11.0%)  Customer growth 800  Increased up- and cross-selling 600  Good growth in aftermarket business 400 200 Q3 revenues yoy: +8.1% 0 9M 2022 9M 2023 15 A

  16. Slide 16: Business Applications Segment: EBITDA

    BUSINESS APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 300 293.7 +31.6 262.1 (+12.1%) 240  +12.1% EBITDA to € 293.7 million  27.7% EBITDA margin (prior year: 27.5%) 180 120 Q3 EBITDA yoy: +13.2% 60 0 9M 2022 (1) 9M 2023 (1) (1) Adjusted for IPO costs of € +11.7 million (prior year: € -3

  17. Slide 17: Key Financial KPIs 9M 2023

    KEY FINANCIAL KPI S 9M 2023 (financial KPIs acc. to IFRS in € million) 9M 2022 9M 2023 Change Revenues 4,384.3 4,588.9 +4.7% EBITDA (1) 986.5 995.9 +1.0% Capex 348.6 503.4 +44.4% Free cash flow (2) -16.3 -14.1 - 31.12.2022 30.09.2023 Change Net bank liabilities 2,115.0 2,273.1 +7.5% Equity ratio 51.

  18. Slide 18: Group: EBITDA / Free Cash Flow Bridge as of September 30, 2023

    GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF SEPTEMBER 30, 2023 (acc. to IFRS in € million) 995.9 989.0 -6.9 -500.2 -276.5 -183.6 70.4 41.7 -84.5 -14.1 EBITDA One-off EBITDA Capex Contingent Tax Working Free Cashflow Leasing Free Cashflow 9M 2023 9M 2023 (net) payment Capital & 9M 2023 after leasing

  19. Slide 19: Outlook 2023

    OUTLOOK 2023 19 Analyst and Investor Call Presentation – 9M 2023 November 10, 2023

  20. Slide 20: Outlook 2023

    OUTLOOK 2023 Full year guidance confirmed and EBITDA forecast slightly increased  Revenues: approx. € 6.2 billion (2022: € 5.915 billion)  EBITDA (excluding derivatives and IONOS IPO) slightly above prior year’s level (previous guidance: "at the previous year's level“ - 2022: € 1.272 billion), inc

  21. Slide 21: Q&A Session

    Q&A SESSION 21 Analyst and Investor Call Presentation – 9M 2023 November 10, 2023

  22. Slide 22: Analyst and Investor Webcast – 9M Results 2023

    UNITED INTERNET AG Analyst and Investor Webcast – 9M Results 2023 Montabaur, November 10, 2023 22 Analyst and Investor Call Presentation – 9M 2023 November 10, 2023

United Internet — 9M 2023 Earnings Presentation on 6ix