United Internet Ag · XETR:UTDI

United Internet — 9M 2024 Earnings Presentation

22 slides from United Internet's earnings presentation, Nov 12, 2024

  1. Slide 1: Analyst and Investor Webcast – 9M Results 2024

    UNITED INTERNET AG Analyst and Investor Webcast – 9M Results 2024 Montabaur, November 12, 2024 1 Analyst and Investor Call Presentation – 9M 2024 November 12, 2024

  2. Slide 2: KPIs 9M 2024

    KPIs 9M 2024  28.87 million customer contracts: +420,000 in the first 9 months 2024 Revenues and earnings figures (in € million) 9M 2023 9M 2024 Change Revenues (1) 4,568.3 4,660.7 +2.0% EBITDA (1) 992.7 978.4 -1.4% EBIT (1) 596.3 529.5 -11.2% EPS (1) (in €) 1.22 0.82 -32.8% 6  EBITDA (1) 9M 2024

  3. Slide 3: "Access" in 9M 2024

    “ACCESS” IN 9M 2024  CONSUMER ACCESS  CONSUMER APPLICATIONS  BUSINESS ACCESS  BUSINESS APPLICATIONS 3 Analyst and Investor Call Presentation – 9M 2024 November 12, 2024

  4. Slide 4: Consumer Access Segment: Customer Contracts

    CONSUMER ACCESS SEGMENT: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connections 18 16.26 16.35 16 +0.09  16.35 million customer contracts (+90,000) 14  12.38 million mobile internet contracts (+130,000) 12  3.97 million broadband connections (-40,000) 10 12.25 12.38 8 6 4 2 4.01 3.

  5. Slide 5: Consumer Access Segment: Revenues

    CONSUMER ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) Service revenues Other revenues 3,200 3,031.8 3,017.2 -14.6 (-0.5%)  -0.5% revenues to € 3,017.2 million 2,800 2,400  +2.5% service revenues to € 2,478.7 million 2,000  -12.1% other revenues (especially smartphones) 2,418.9 2,478.7 1,6

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

    CONSUMER ACCESS (I): EBITDA (acc. to IFRS in € million) 600  -9.4% EBITDA to € 463.0 million 511.1 -48.1 500 463.0 (-9.4%)  € -167.1 million costs from expenses for the expansion 400 of the 1&1 mobile network (prior year: € -73.8 million), thereof € -14.3 million in out-of-period expenses from 300

  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” 750 630.1 “Access” 584.9 +45.2 600 (+7.7%) 450  +7.7% EBITDA to € 630.1 million 300  20.9% EBITDA margin (prior year: 19.3%) 150 0 9M 2023 9M 2024 EBITDA “1&1 Mobile Network” 0 “1&1 Mobile Network”  €

  8. Slide 8: Business Access Segment: Revenues

    BUSINESS ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) 500  +4.2% revenues to € 430.7 million 430.7 +17.3 413.4 400 (+4.2%) 300 200 100 0 9M 2023 9M 2024 8 Analyst and Investor Call Presentation – 9M 2024 November 12, 2024

  9. Slide 9: Business Access Segment: EBITDA

    BUSINESS ACCESS SEGMENT: EBITDA (acc. to IFRS in € million) 150  +2.0% EBITDA to € 120.6 million 120.6 118.2 +2.4 (+2.0%)  € -22.0 million start-up costs in the new business areas 100 “5G” and “expansion of business parks” (prior year: € -17.1 million)  28.0% EBITDA margin (prior year: 28.6%) 50

  10. Slide 10: "Applications" in 9M 2024

    “APPLICATIONS” IN 9M 2024  CONSUMER ACCESS  CONSUMER APPLICATIONS  BUSINESS ACCESS  BUSINESS APPLICATIONS 10 Analyst and Investor Call Presentation – 9M 2024 November 12, 2024

  11. Slide 11: Consumer Applications Segment: Accounts

    CONSUMER APPLICATIONS SEGMENT: ACCOUNTS (in million) Free accounts Pay accounts 50 42.73  41.66 million Consumer accounts (-1.07 million), thereof 41.66 -1.07 40  38.68 million free accounts (-1.25 million) particularly due to seasonal factors and higher security 30 requirements 39.93 38.68 20  2

  12. Slide 12: Consumer Applications Segment: Revenues

    CONSUMER APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 240 217.6 +22.9 200 194.7 (+11.8%)  +11.8% revenues from € 194.7 million to € 217.6 million 160 120 80 40 0 9M 2023 (1) 9M 2024 (1) (1) w/o revenues contributions “Energy” and “De-Mail” (€ 19.9m; prior year: € 20.6m) 12 Analyst and

  13. Slide 13: Consumer Applications Segment: EBITDA

    CONSUMER APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 80 78.9 +8.3 70.6 (+11.8%) 70  +11.8% EBITDA from € 70.6 million to € 78.9 million 60  36.3% EBITDA margin (prior year: 36.3%) 50 40 Continued good revenue growth expected; the associated 30 profitability growth is to be invested in

  14. Slide 14: Business Applications Segment: Customer Contracts

    BUSINESS APPLICATIONS SEGMENT: CUSTOMER CONTRACTS (in million) In Germany Abroad 10 9.54 9.39 +0.15 8  9.54 million customer contracts (+150,000) 4.59 4.62 6  4.92 million abroad (+120,000)  4.62 million in Germany (+30,000) 4 4.80 4.92 2 0 31.12.2023 30.09.2024 14 Analyst and Investor Call Prese

  15. Slide 15: Business Applications Segment: Revenues

    BUSINESS APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 1,200 1,141.6 +82.9 1,058.7 (+7.8%)  +7.8% revenues to € 1,141.6 million 1,000  Customer growth 800  Increased up- and cross-selling 600 400 +11.4% revenues growth in Q3/2024 (yoy) 200 0 9M 2023 9M 2024 15 Analyst and Investor Ca

  16. Slide 16: Business Applications Segment: EBITDA

    BUSINESS APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 360 320.3 +26.6 293.7 300 (+9.1%)  +9.1% EBITDA to € 320.3 million 240  28.1% EBITDA margin (prior year: 27.7%) 180 120 60 0 9M 2023 (1) 9M 2024 (1) Excluding IPO costs (EBITDA and EBIT effect: € +11.7m net) 16 Analyst and Investor

  17. Slide 17: Key Financial KPIs 9M 2024

    KEY FINANCIAL KPI S 9M 2024 (financial KPIs acc. to IFRS in € million) 9M 2023 9M 2024 Change Revenues (1) 4,568.3 4,660.7 +2.0% EBITDA (1) 992.7 978.4 -1.4% Capex 461.5 441.9 -4.2% Free cash flow (2) -14.1 -63.8 - 31.12.2023 30.09.2024 Change Net bank liabilities 2,436.6 2,714.7 +11.4% Equity ratio

  18. Slide 18: Group: EBITDA / Free Cash Flow Bridge as of September 30, 2024

    GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF SEPTEMBER 30, 2024 (acc. to IFRS in € million) 978.2 -436.1 -262.9 -104.3 -204.0 38.6 67.7 -102.4 -63.8 EBITDA Capex Contingent Phasing effects Tax Working Capital Free Cashflow Leasing Free Cashflow 9M 2024(1) (net) payment from Q4 2023 & others 9M 2024 a

  19. Slide 19: Outlook 2024

    OUTLOOK 2024 19 Analyst and Investor Call Presentation – 9M 2024 November 12, 2024

  20. Slide 20: Outlook 2024

    OUTLOOK 2024 Full year guidance for revenues specified, for EBITDA and Cash-CAPEX confirmed (1)  Revenues: approx. € 6.35 billion (previously expected: € 6.40 billion; 2023: € 6.21 billion)  EBITDA: approx. € 1.38 billion (2023: € 1.30 billion)  Cash-CAPEX: 15 - 25% above the previous year's figu

  21. Slide 21: Q&A Session

    Q&A SESSION 21 Analyst and Investor Call Presentation – 9M 2024 November 12, 2024

  22. Slide 22: United Internet AG Analyst and Investor Webcast – 9M Results 2024

    UNITED INTERNET AG Analyst and Investor Webcast – 9M Results 2024 Montabaur, November 12, 2024 22 Analyst and Investor Call Presentation – 9M 2024 November 12, 2024

United Internet — 9M 2024 Earnings Presentation on 6ix