United Internet Ag · XETR:UTDI

United Internet — Merger or Acquisition (December 2016)

8 slides from United Internet's merger presentation, Dec 15, 2016

  1. Slide 1: Business Applications – Acquisition of Strato AG

    UNITED INTERNET Business Applications – Acquisition of Strato AG December 15, 2016 1 Investor Presentation December 15, 2016

  2. Slide 2: Snapshot Overview – Strato within United Internet Group

    SNAPSHOT OVERVIEW – STRATO WITHIN UNITED INTERNET GROUP WP XII Venture Holdings S.a.r.l. Listed Access Applications investments 66.67% 33.33% UI Consumer Business Consumer Business 25.11% Ventures 25.10% 20.11% 29.43% 10.46% 29.02% 25.10% 8.31% 30.36% 100% 2 Investor Presentation Transaction perimet

  3. Slide 3: Key Transaction Highlights

    KEY TRANSACTION HIGHLIGHTS  United Internet (“UI”) announced today that UI will acquire 100% of the shares of Strato AG (“Strato”) from Deutsche Telekom AG (“DTAG”)  Warburg Pincus* will also participate pro rata to their partnership with 33%  Strato is a leading domain and hosting provider in Ge

  4. Slide 4: Transaction Rationale

    TRANSACTION RATIONALE 1 Innovation power  Enhanced value propositions for customers and strong brand  Higher innovation power through enlarged development and product management capacities proposition  Strato as an established and well-known brand added to the United Internet group 2 Benefits fro

  5. Slide 5: Overview of Strato

    OVERVIEW OF STRATO Key highlights  Strato is a leading domain and hosting service provider in Germany  The company is headquartered in Berlin and employs c.500 FTEs with over 2m customer contracts  Expected revenue for 2016 amounts to €127m and EBITDA to €48.5m  Large customer base offers furthe

  6. Slide 6: Investment Highlights Strato

    INVESTMENT HIGHLIGHTS STRATO 1 Leading provider of  Large and highly fragmented European hosting market mass hosting in a  Established player in Germany large and structurally  Strong presence in the Netherlands growing market 2 Efficient platform  Highly efficient customer acquisition engine un

  7. Slide 7: Summary Terms of the Transaction

    SUMMARY TERMS OF THE TRANSACTION Perimeter  Acquisition of 100% of the share capital in Strato AG  Headline valuation of Strato of €600m represents a multiple of ~12.4x EV / EBITDA 2016E pre Enterprise value synergies  Increase of the intercompany loan from United Internet AG by €350m and equity

  8. Slide 8: Our success story continues!

    Our success story continues! 8 Investor Presentation December 15, 2016

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