United Internet Ag · XETR:UTDI
United Internet — Investor Presentation (August 2026)
36 slides from United Internet's investor presentation, August 2026
Slide 1: United Internet AG Company Presentation (H1 2026)
UNITED INTERNET AG Company Presentation (H1 2026) 1 United Internet AG - Company Presentation H1 2026
Slide 2: Group: Key Figures as of June 30, 2026
GROUP: KEY FIGURES AS OF JUNE 30, 2026 P&L figures according to IFRS in € million H1 2025 (1) H1 2026 (1) Change Fee-based customer contracts (in million) 29.31 30.27 ▪ + 0.96 million Ad-financed free accounts (in million) 38.57 38.44 ▪ - 0.13 million (pay accounts: + 0.36 million) Revenues (2) 2,99
Slide 3: Agenda
AGENDA I. Investment Case & Group Overview II. 1&1 III. IONOS IV. Mail & Media V. Additional KPIs & Outlook 2026 VI. Share & Dividend VII. Sustainability 3 United Internet AG - Company Presentation H1 2026
Slide 4: I. Investment Case & Group Overview
I. INVESTMENT CASE & GROUP OVERVIEW 4 United Internet AG - Company Presentation H1 2026
Slide 5: United Internet's Attractive Investment Case
I. UNITED INTERNET‘S ATTRACTIVE INVESTMENT CASE ACCESS (~ 4,600 FTE‘S) APPLICATIONS (~ 5,100 FTE‘S) Europe’s most modern 5G mobile network, based on innovative IONOS is the largest web hosting provider in Europe with 100% Operating EBITDA (1) Open RAN technology by 1&1, boosts future operating margi
Slide 6: Group Structure
I. GROUP STRUCTURE (as of August, 2026) Minority Investments 86.5% 63.8% 100% 1&1 IONOS Mail & Media 72% of revenues and 56% of EBITDA 22% of revenues and 34% of EBITDA 5% of revenues and 9% of EBITDA 31.52% 25.39% (1) 17.58% 25.10% (2) Mobile internet and fixed-line provider to 4.60% private users
Slide 7: Transformation into a Leading Internet & Telecom Service Provider
I. TRANSFORMATION INTO A LEADING INTERNET & TELECOM SERVICE PROVIDER United Internet Group Key Milestones ▪ 1988: 1&1 set-up as marketing partner ▪ 2007: Acquisition of 25.05% strategic ▪ 2019: 1&1 successfully acquires ▪ 2025: UI increases stake in 1&1 and for software companies stake in Versatel s
Slide 8: II. 1&1
II. 1&1 8 United Internet AG - Company Presentation H1 2026
Slide 9: The 4th Largest Network Operator in Germany
November 2025 (2) II. THE 4TH LARGEST NETWORK OPERATOR IN GERMANY ORAN network 4th largest German network operator Strong brands Europe’s most modern 5G mobile network based on 1&1 is the fourth largest telecommunications provider Services are marketed under the premium 1&1 brand and innovative Open
Slide 10: 1&1: Customer Contracts
II. 1&1: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connections 20 16.32 ▪ 16.18 million customer contracts (- 140,000) 16.18 -0.14 15 ▪ 12.33 million mobile internet contracts (- 150,000) Discount Tariffs: Due to discontinuation of particularly low - 10 12.48 12.33 cost tariffs and r
Slide 11: 1&1: Revenue
II. 1&1: REVENUE (acc. to IFRS in € million) Service revenues Other revenues (mainly hardware) 2,500 ▪ + 1.6% revenues to € 2.270 billion 2,233.7 2,269.7 +36.0 (+1.6%) 2,000 ▪ - 1.1% service revenues to € 1.805 billion ▪ + 13.5% other revenues (in particular smartphones) to 1,500 1,824.3 1,804.9 € 4
Slide 12: 1&1: EBITDA
II. 1&1: EBITDA (acc. to IFRS in € million) 400 382.7 364.2 +18.5 (+5.1%) ▪ + 5.1% EBITDA to € 382.7 million 300 ▪ 16.9% EBITDA margin (prior year: 16.3%) 200 100 0 H1 2025 H1 2026 12 United Internet AG - Company Presentation H1 2026
Slide 13: III. IONOS
III. IONOS 13 United Internet AG - Company Presentation H1 2026
Slide 14: #1 SMB Webhosting and Cloud Services Offering in Europe
2025 III. #1 SMB WEBHOSTING AND CLOUD SERVICES OFFERING IN EUROPE Leading European digitalization partner Attractive, robust finances Best-in-class churn IONOS is the largest web hosting provider in Europe (active Subscription-based business model with strong revenue Churn remains at best-in-class l
Slide 15: IONOS: Customer Contracts
III. IONOS: CUSTOMER CONTRACTS (in million) Abroad Domestic 12 10.55 ▪ 10.55 million customer contracts (+ 500,000) 10.05 +0.50 10 ▪ 5.57 million abroad (+ 320,000) 8 5.57 5.25 ▪ 4.98 million domestic (+ 180,000) 6 4 4.80 4.98 2 0 31.12.2025 30.06.2026 15 United Internet AG - Company Presentation H1
Slide 16: IONOS: Revenues
III. IONOS: REVENUES (acc. to IFRS in € million) 800 701.1 ▪ + 6.9% revenues to € 701.1 million (+ 8.2% FX adjusted) 700 656.0 +45.1 (+6.9%) 600 ▪ Ongoing customer growth 500 ▪ Increased up- and cross-selling 400 300 200 100 0 H1 2025(1) H1 2026(1) (1) Sedo carried in accordance with IFRS 5 as disco
Slide 17: IONOS: EBITDA
III. IONOS: EBITDA (acc. to IFRS in € million) 300 ▪ + 2.6% EBITDA to € 232.6 million (+ 4.2% FX adjusted) 226.6 232.6 +6.0 ▪ Significantly higher marketing expenses compared to (+2.6%) 200 H1 2025 ▪ 33.2% EBITDA margin (prior year: 34.5%) 100 0 H1 2025 (1) H1 2026 (1) (1) Sedo carried in accordance
Slide 18: IONOS Segments and Products
III. IONOS SEGMENTS AND PRODUCTS Web Presence & Productivity Cloud Solutions One-stop-shop for all digitalization needs Trusted European cloud provider of SMBs and solo entrepreneurs for SMBs and enterprises Domains E-mail & Web Hosting & E-commerce Server Value Added Public Private Bare Metal Manag
Slide 19: IONOS: One-Stop-Shop Portfolio Enables End-to-End Digitisation Journey
III. IONOS: THE ONE-STOP-SHOP PORTFOLIO ENABLES AN END-TO-END DIGITISATION JOURNEY FOR OUR CUSTOMERS 1 3 5 7 MyWebsite Now Digitize your business and Leverage cloud For domains Set up your processes with computing, scalable that have website and a trusted partner infrastructure and already been pres
Slide 20: IONOS: AI Receptionist & AI Momentum
III. IONOS: AI RECEPTIONIST & AI MOMENTUM 20 United Internet AG - Company Presentation H1 2026
Slide 21: IV. Mail & Media
IV. MAIL & MEDIA 21 United Internet AG - Company Presentation H1 2026
Slide 22: Germany's Leading Digital B2C Platform Monetizing a Large Customer Base
IV. GERMANY’S LEADING DIGITAL B2C PLATFORM MONETIZING A LARGE, ATTRACTIVE CUSTOMER BASE Market leader in private mail Attractive business model Growth in pay accounts Germany’s leading digital B2C platform (GMX, WEB.DE) Ultra capex-light business model that is profitable Subscription revenues anchor
Slide 23: Mail & Media: Accounts
IV. MAIL & MEDIA: ACCOUNTS (in million) Free accounts Pay accounts 50 42.03 41.98 40 -0.05 ▪ 41.98 million accounts (- 50,000) ▪ 38.44 million free accounts (- 240,000), due to seasonal factors 30 and as a result of the high conversion rate to pay accounts 38.68 38.44 20 ▪ 3.54 million pay accounts
Slide 24: Mail & Media: Revenue
IV. MAIL & MEDIA: REVENUE (acc. to IFRS in € million) 180 161.4 ▪ + 8.4% revenues to € 161.4 million 160 148.9 +12.5 (+8.4%) 140 ▪ Increased monetization of free accounts through 120 online advertising 100 80 ▪ Strong growth in pay accounts 60 40 20 0 H1 2025 (1) H1 2026 (1) w/o revenues contributio
Slide 25: Mail & Media: EBITDA
IV. MAIL & MEDIA: EBITDA (acc. to IFRS in € million) 80 ▪ + 16.7% EBITDA to € 62.9 million 62.9 60 +9.0 ▪ 39.0% EBITDA margin (prior year: 36.2%) 53.9 (+16.7%) 40 20 0 H1 2025(1) H1 2026 (1) w/o earnings contributions of € +1.2 million from Energy 25 United Internet AG - Company Presentation H1 2026
Slide 26: V. Free Cash Flow & Outlook 2026
V. FREE CASH FLOW & OUTLOOK 2026 26 United Internet AG - Company Presentation H1 2026
Slide 27: Group: EBITDA / Free Cash Flow Bridge as of June 30, 2026
GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF JUNE 30, 2026 (acc. to IFRS in € million) H1 2026 676.0 -6.1 -278.8 -17.4 -160.6 213.2 -83.5 129.7 EBITDA EBITDA Capex Tax Working Capital Free CF Leasing Free CF AL H1 2026(1) AdTech (2) (net) & Others H1 2026 H1 2026 H1 2025 644.2 32.6 -295.1 -51.2 -224.
Slide 28: Outlook 2026
OUTLOOK 2026 Guidance confirmed for FY 2026 ▪ Revenue: approx. € 6.25 billion (2025: € 6.104 billion) ▪ EBITDA: approx. € 1.45 billion (2025: € 1.282 billion) ▪ Cash-CAPEX: € 600 – 650 million (2025: € 730.8 million) 28 United Internet AG - Company Presentation H1 2026
Slide 29: VI. Share & Dividend
VI. SHARE & DIVIDEND 29 United Internet AG - Company Presentation H1 2026
Slide 30: Share Price Development and Shareholder Structure
VI. SHARE PRICE DEVELOPMENT AND SHAREHOLDER STRUCTURE 60 € € 59.80 (ATH: 09.01.2018) € 23.64 (31.07.2026) Key Share Facts & Figures: 50 € ▪ ISIN: DE0005089031 40 € ▪ WKN: 508903 € 2.77 (23.03.1998) ▪ Stock Exchange: Xetra 30 € ▪ Index: MDAX, TecDAX 20 € 2008: Financial crisis 2002: Dotcom bubble bur
Slide 31: Shareholder Return
VI. SHAREHOLDER RETURN Dividend payments Share buy backs Share capital (cumulative in € million) (cumulative in € million) (in € million) 2,000 1600 270 1,800 1400 1,600 250 1200 1,400 230 1,200 1000 1,000 800 210 800 600 600 190 400 400 170 200 200 0 0 150 ▪ Dividend payment for fiscal year 2025: ▪
Slide 32: VII. Sustainability
VII. SUSTAINABILITY 32 United Internet AG - Company Presentation H1 2026
Slide 33: ESG at a Glance @United Internet
VII. ESG AT A GLANCE @UNITED INTERNET Climate Circular economy Social commitment Cybersecurity 10-30% 1,036 t > €75m 99.9% higher energy efficiency of raw materials saved raised to support children in spam emails blocked the Open RAN network through refurbishment and need through the UNICEF successf
Slide 34: ESG Ratings 2025
VII. ESG RATINGS 2025 C 2 27.0 Medium Risk TRANSPARENCY PRIME THRESHOLD 1 Negligible Low Medium High Severe VERY HIGH C+ 0-10 10-20 20-30 30-40 40+ 0 Our Focus: Environmental & Social Performance Our Focus: Maintaining leadership in Governance Our Focus: Reducing exposure to ESG risks 85% share of r
Slide 35: Investor Relations Contact & Disclaimer
INVESTOR RELATIONS CONTACT & DISCLAIMER DOMINIC GROSSMANN VOTING RIGHTS* Head of Investor Relations ▪ United Internet AG ▪ Elgendorfer Straße 57 Phone: +49 2602 / 96-1671 ▪ D-56410 Montabaur Mail: dgrossmann@united-internet.de ▪ Mail: voting-rights@united-internet.de General: investor-relations@unit
Slide 36: United Internet AG: Our success story continues!
UNITED INTERNET AG Our success story continues! 36 United Internet AG - Company Presentation H1 2026
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