United Internet Ag · XETR:UTDI
United Internet — Q1 2020 Earnings Presentation
19 slides from United Internet's earnings presentation, May 13, 2020
Slide 1: Analyst and Investor Webcast – Q1-Results 2020
UNITED INTERNET AG Analyst and investor Webcast – Q1-Results 2020 Montabaur, May 13, 2020 1 Analyst and Investor Call Presentation – 3M/2020 May 13, 2020
Slide 2: KPIs 3M 2020
KPIs 3M 2020 24.91 million customer contracts: + 170,000 in the first 3 months 2020 Revenues and earnings figures (in € million) 3M 2019 3M 2020 Change Revenues 1,276.5 1,329.4 + 4.1% EBITDA 299.7 300.8 + 0.4% EBIT 181.1 184.2 + 1.7% EPS before impairments (1) (in €) 0.46 0.47 + 2.2 % EPS before P
Slide 3: "Access" in 3M 2020
“ACCESS” IN 3M 2020 CONSUMER ACCESS BUSINESS APPLICATIONS BUSINESS ACCESS CONSUMER APPLICATIONS 3 Analyst and Investor Call Presentation – 3M/2020 May 13, 2020
Slide 4: Consumer Access Segment: Customer Contracts
CONSUMER ACCESS SEGMENT: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connections 15.00 14.33 14.43 +0.10 14.43 million customer contracts (+ 100,000) 10.10 million mobile internet contracts (+ 110,000) 10.00 9.99 10.10 4.33 million broadband connections (- 10,000) 5.00 ADSL / VDS
Slide 5: Consumer Access Segment: Revenues
CONSUMER ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) Services revenues Hardware revenues + 4.3 % revenues to € 933.7 million 1,000 900 895.4 933.7 +38.3 + 3.7 % service revenues to € 747.8 million (+4.3%) 800 thereof € + 3.1 million Covid-19 700 600 impact, from temporarily changed us
Slide 6: Consumer Access Segment: EBITDA
CONSUMER ACCESS SEGMENT: EBITDA (acc. to IFRS in € million) - 2.2 % EBITDA to € 164.8 million 180 168.5 164.8 -3.7 € - 0.3 million one-offs from Drillisch integration 160 (-2.2%) (prior year: € - 2.1 million), increase of € - 6.9 million 140 subscriber line costs since July 19 (TAL) & EU SMS and
Slide 7: Business Access Segment: Revenues
BUSINESS ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) 119.3 118.7 -0.6 120 (-0.5%) 100 - 0.5 % revenues to € 118.7 million 80 Decline due to services that expired in FY 2019 for broadband customers acquired from 60 1&1 Drillisch in 2017 40 + 3.6 % in business areas B2B & Wholesale 20 (
Slide 8: Business Access Segment: EBITDA
BUSINESS ACCESS SEGMENT: EBITDA (acc. to IFRS in € million) 40 35.7 35.2 -0.5 35 (-1.4%) - 1.4 % EBITDA to € 35.2 million 30 29.7 % EBITDA margin (prior year: 29.9 %) 25 20 15 + 4.1 % EBITDA w/o the services provided for 10 broadband customers acquired from 5 1&1 Drillisch (prior year: € 33.8
Slide 9: "Applications" in 3M 2020
„APPLICATIONS“ IN 3M 2020 CONSUMER ACCESS BUSINESS APPLICATIONS BUSINESS ACCESS CONSUMER APPLICATIONS 9 Analyst and Investor Call Presentation – 3M/2020 May 13, 2020
Slide 10: Business Applications Segment: Customer Contracts
BUSINESS APPLICATIONS SEGMENT: CUSTOMER CONTRACTS (in million) Abroad Domestic 9.00 8.15 8.21 8.00 +0.06 8.21 million customer contracts (+ 60,000) 7.00 6.00 4.25 4.28 3.93 million domestic 5.00 4.00 4.28 million abroad 3.00 2.00 3.90 3.93 1.00 0.00 31.12.2019 31.03.2020 10 Analyst and Investo
Slide 11: Business Applications Segment: Revenues
BUSINESS APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 250 237.0 220.2 +16.8 (+7.6%) 200 + 7.6 % revenues to € 237.0 million 150 Customer growth Up- und Cross-Selling 100 Positive effects from the low-margin and 50 volatile domain parking business of Sedo 0 3M/2019 3M/2020 11 An
Slide 12: Business Applications Segment: EBITDA
BUSINESS APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 80 76.9 73.7 +3.2 (+4.3%) + 4.3 % EBITDA to € 76.9 million 70 60 Incl. € 30.7 million marketing expenses 50 (prior year: € 30.9 million, thereof 40 € 7.0 million rebranding expenses) 30 32.4 % EBITDA margin (prior year: 33.5 %)
Slide 13: Consumer Applications Segment: Accounts
CONSUMER APPLICATIONS SEGMENT: ACCOUNTS (in million) Free accounts Pay accounts 40.71 million consumer accounts 45.00 39.85 40.71 40.00 +0.86 38.44 million free accounts (+ 850,000) 35.00 30.00 2.27 million pay accounts (+ 10,000) 25.00 37.59 38.44 thereof 25.5 million with mobile usage (+ 9
Slide 14: Consumer Applications Segment: Revenues
CONSUMER APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) Pay accounts/portal marketing Sale of third-party inventory 70 (60.4) 60.8 +2.3 58.5 60 (+3.9%) + 3.9 % revenues to € 60.8 million 50 + 3.1% revenues to € 59.7 million (prior year: 40 € 57.9 million) in the core business with pa
Slide 15: Consumer Applications Segment: EBITDA
CONSUMER APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 25 23.3 +1.9 21.4 (+8.9%) 20 + 8.9 % EBITDA to € 23.3 million 15 38.1 % EBITDA margin (prior year: 35.4 %) 10 + 4.0 % comparable EBITDA, 5 w/o one-off positive IFRS 16 effect 0 3M 2019 3M 2020 15 Analyst and Investor Call Presen
Slide 16: Key Financial KPIs as of 31 March 2020
KEY FINANCIAL KPI S AS OF 31 MARCH 2020 (contracts in million / financial KPIs acc. to IFRS in € million) 3M 2019 3M 2020 Change Fee-based customer contracts (prev. year as of Dec. 31, 2019) 24.74 24.91 + 0.17m Ad-financed free accounts (prev. year as of Dec. 31, 2019) 37.59 38.44 + 0.85m Revenues 1
Slide 17: Outlook 2020
OUTLOOK 2020 17 Analyst and Investor Call Presentation – 3M/2020 May 13, 2020
Slide 18: Outlook 2020
OUTLOOK 2020 Full-year guidance 2020 confirmed Revenues and EBITDA at previous year's level This forecast is still subject to uncertainties, due to the effects of the corona crisis. Against this backdrop United Internet will concretize the aforementioned forecast with the half year report 2020 1
Slide 19: United Internet AG – Our success story continues!
UNITED INTERNET AG Our success story continues! 19 Analyst and Investor Call Presentation – 3M/2020 May 13, 2020