United Internet Ag · XETR:UTDI
United Internet — Investor Presentation (May 2025)
37 slides from United Internet's investor presentation, May 2025
Slide 1: United Internet AG Company Presentation (Q1 2025)
UNITED INTERNET AG Company Presentation (Q1 2025) 1 United Internet AG - Company Presentation Q1 2025
Slide 2: KPIs 3M 2025
KPIs 3M 2025 ▪ 29.17 million customer contracts: + 150,000 in the first 3 months 2025 Revenues and earnings figures (in € million) 3M 2024 3M 2025 Change Revenues (1) 1,565.0 1,630.8 + 4.2% EBITDA (1) 342.1 342.6 + 0.1% EBIT (1) 187.0 162.9 - 12.9% EPS (1) (in €) 0.35 0.31 - 11.4% 6 ▪ EBITDA (1) ope
Slide 3: Business Areas: Access & Applications
2 BUSINESS AREAS: ACCESS & APPLICATIONS ACCESS APPLICATIONS Consumer Access Consumer Applications Motivated Team ▪ 11,000 employees, of which approx. 4,000 in product management, development and data centers Powerful network infrastructure ▪ 66,000 km of fiber network ▪ 5G mobile network ▪ > 100,000
Slide 4: Group Structure
GROUP STRUCTURE (as of May, 2025) 1&1 AG IONOS Group SE <20% >80% 63.8% 36.2% shareholders shareholders Consumer Business Consumer Business Minorities Access Access Applications Applications 100% 100% 100% 100% 31.52% 25.39% 17.58%* 4.49%** 25.10% 20.00% • Held indirectly through 63.84 % stake in IO
Slide 5: Voluntary Public Acquisition Offer for 1&1 Shares
VOLUNTARY PUBLIC ACQUISITION OFFER FOR 1&1 SHARES ▪ On May 16, 2025, United Internet has decided to submit a voluntary public acquisition offer in the form of a partial offer to acquire up to 16,250,827 no-par value bearer shares of 1&1 not directly held by United Internet, corresponding to approx.
Slide 6: Access
ACCESS* Consumer Access Business Access ▪ Revenues: € 4,064.3 million ▪ Revenues: € 574.9 million ▪ EBITDA: € 590.8 million ▪ EBITDA: € 165.1 million ▪ Profitability: 14.5% EBITDA margin ▪ Profitability: 28.7% EBITDA margin ▪ FTE: ~ 3,300 ▪ FTE: ~ 1,650 ▪ Total contracts: 16.39 million * Figures bas
Slide 7: Consumer Access
“CONSUMER ACCESS” Fixed-line ▪ 1&1 with 3.93 million broadband connections ▪ VDSL and FTTH complete packages including voice and IP -TV via 1&1 Versatel, with last mile via Deutsche Telekom and City Carrier Mobile ▪ 12.42 million mobile contracts ▪ First Open RAN in Europa, fully virtualized ▪ Migra
Slide 8: Consumer Access Segment: Customer Contracts
CONSUMER ACCESS SEGMENT: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connections 18 16.39 16.35 16 -0.04 ▪ 16.35 million customer contracts (- 40,000) 14 ▪ 12.42 million mobile internet contracts (- 20,000) 12 12.44 12.42 ▪ 3.93 million broadband connections (- 20,000) 10 8 6 4 2 3.95
Slide 9: Consumer Access Segment: Revenues
CONSUMER ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) Service revenues Other revenues 1,200 1,024.4 ▪ - 0.6% revenues to € 1,018.5 million 1,018.5 -5.9 (-0.6%) ▪ +/- 0.0% service revenues to € 821.9 million 800 ▪ - 2.9% other revenues (in particular low-margin 821.9 821.9 smartphones) to € 1
Slide 10: Consumer Access (I): EBITDA
CONSUMER ACCESS (I): EBITDA (acc. to IFRS in € million) 200 182.3 ▪ - 14.5% EBITDA to € 155.9 million including -26.4 155.9 (-14.5%) ▪ € - 67.0 million costs for rollout of 1&1 mobile network 150 (prior year: € - 42.4 million) ▪ 15.3% EBITDA margin (prior year: 17.8%) 100 50 0 3M 2024 3M 2025 10 Uni
Slide 11: Consumer Access (II): EBITDA of the Two Subsegments
CONSUMER ACCESS (II): EBITDA OF THE TWO SUBSEGMENTS (acc. to IFRS in € million) EBITDA “Access” 300 “Access” 224.7 222.9 -1.8 200 (-0.8%) ▪ - 0.8% EBITDA to € 222.9 million 100 ▪ 21.9% EBITDA margin (prior year: 21.9%) 0 3M 2024 3M 2025 EBITDA “1&1 Mobile Network” 0 “1&1 Mobile Network” -20 ▪ € - 67
Slide 12: Business Access
“BUSINESS ACCESS”* ▪ One of the largest German fiber optic networks ▪ Project business and plug-and-play solutions for businesses ▪ Fiber-optic network with 66,376 km ▪ In more than 350 German cities, including in the 25 largest cities ▪ 27,797 directly connected locations Fiber optic expansion and
Slide 13: Business Access Segment: Revenues
BUSINESS ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) 150 141.7 144.0 +2.3 (+1.6%) 100 ▪ + 1.6% revenues to € 144.0 million 50 0 3M 2024 3M 2025 13 United Internet AG - Company Presentation Q1 2025
Slide 14: Business Access Segment: EBITDA
BUSINESS ACCESS SEGMENT: EBITDA (acc. to IFRS in € million) 40 35.4 36.6 +1.2 ▪ + 3.4% EBITDA to € 36.6 million (+3.4%) ▪ € - 6.3 million start-up costs (prior year: € - 9.0 million) 30 in the new business areas “5G” and “expansion of commercial areas” 20 ▪ 25.4% EBITDA margin (prior year: 25.0%) 10
Slide 15: Applications
APPLICATIONS* Consumer Applications Business Applications ▪ Revenues: € 298.3 million ▪ Revenues: € 1,560.3 million ▪ EBITDA: € 113.2 million ▪ EBITDA: € 430.2 million ▪ Profitability: 37.9% EBITDA margin ▪ Profitability: 27.6% EBITDA margin ▪ FTE: ~ 1,100 ▪ FTE: ~ 4,200 ▪ Total contracts: 41.97 mil
Slide 16: Consumer Applications
“CONSUMER APPLICATIONS” ▪ One of the leading providers of consumer applications with GMX, WEB.DE and mail.com ▪ Broad product portfolio for private customers: Communication Online office Personal information management (e-mail, tasks, and organization appointments, calendar), online office and cloud
Slide 17: Consumer Applications Segment: Accounts
CONSUMER APPLICATIONS SEGMENT: ACCOUNTS (in million) Free accounts Pay accounts 50 ▪ 41.87 million consumer accounts (- 100,000) 41.97 41.87 -0.10 40 ▪ 38.75 million free accounts (- 180,000) in particular due to higher security requirements 30 ▪ 3.12 million pay accounts (+ 80,000) 38.93 38.75 20 1
Slide 18: Consumer Applications Segment: Revenues
CONSUMER APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 80 73.7 +2.6 71.1 (+3.7%) 60 ▪ + 3.7% revenues to € 73.7 million 40 20 0 3M 2024 (1) 3M 2025 (1) (1) w/o revenues contributions “Energy” and “De-Mail” (€ 5.9m; prior year: € 6.6m) 18 United Internet AG - Company Presentation Q1 2025
Slide 19: Consumer Applications Segment: EBITDA
CONSUMER APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 30 25.4 +1.6 23.8 (+6.7%) 20 ▪ + 6.7% EBITDA to € 25.4 million ▪ 34.5% EBITDA margin (prior year: 33.5%) 10 0 3M 2024 (1) 3M 2025 (1) (1) w/o earnings contributions “Energy” and “De-Mail” (€ + 0.2m; prior year: € - 1,3m) 19 United Int
Slide 20: Business Applications
“BUSINESS APPLICATIONS” ▪ IONOS as Europe’s leading digitization partner for freelancers, small/medium-sized enterprises and reliable cloud enabler ▪ Active in 15 European countries as well as in USA, Canada and Mexico ▪ Broad product range from Digital Solutions and Cloud Infrastructure to AdTech 2
Slide 21: Business Applications Segment: Customer Contracts
BUSINESS APPLICATIONS SEGMENT: CUSTOMER CONTRACTS (in million) Abroad Domestic 10 9.59 9.70 +0.11 8 ▪ 9.70 million customer contracts (+ 110,000) 4.96 5.03 6 ▪ 5.03 million abroad (+ 70,000) ▪ 4.67 million domestic (+ 40,000) 4 4.63 4.67 2 0 31.12.2024 31.03.2025 21 United Internet AG - Company Pres
Slide 22: Business Applications Segment: Revenues
BUSINESS APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 600 ▪ + 19.7% revenues to € 446.3 million 446.3 +73.3 ▪ Customer growth 400 373.0 (+19.7%) ▪ Increased up- and cross-selling 200 Strong Q1 for the AdTech segment due to a yoy base effect 0 3M 2024 3M 2025 22 United Internet AG - Com
Slide 23: Business Applications Segment: EBITDA
BUSINESS APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 180 124.6 120 +23.3 ▪ + 23.0% EBITDA to € 124.6 million 101.3 (+23.0%) ▪ 27.9% EBITDA margin (prior year: 27.2%) 60 0 3M 2024 3M 2025 23 United Internet AG - Company Presentation Q1 2025
Slide 24: IONOS Leading Partner for SMB Digitalization in Europe
IONOS IS THE LEADING PARTNER FOR SMB DIGITALIZATION IN EUROPE WITH A BROAD STRATEGIC FOOTPRINT AND LEADING LOCAL BRANDS IONOS footprint in 18 markets & local brand champions Webhosting market share in Europe (%)1 1 Sweden Germany 1 Europe overall 1 >2x UK Spain 1 Netherlands Poland Canada Germany Au
Slide 25: Large and Fast-Growing Market Driven by Secular Trends
LARGE AND FAST-GROWING MARKET DRIVEN BY SECULAR TRENDS Large and untapped IONOS addressable market 15-26***, €bn SMB core target group* >90mm 89 19% CAGR SMBs in North America and Europe 15% CAGR 55 38 15 ~58mm 16 3 22 34 SMBs across Europe 14 2015A 2021A 2026F ~6.3mm CAGR 15–21 21–26 IONOS customer
Slide 26: Comprehensive Product Portfolio, Customer Care and Infrastructure
COMPREHENSIVE PRODUCT PORTFOLIO, FIRST CLASS CUSTOMER CARE AND INFRASTRUCTURE Strong customer support organisation (Personal Service Agent & 24/7 multi-channel support) WEB PRESENCE & PRODUCTIVITY CLOUD SOLUTIONS One-stop-shop for all digitalization needs of SMBs Trusted European cloud provider for
Slide 27: IONOS One-Stop-Shop Portfolio Enables End-to-End Digitisation Journey
THE IONOS 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 present yo
Slide 28: Results Q1 2025
RESULTS Q1 2025 28 United Internet AG - Company Presentation Q1 2025
Slide 29: Key Financial KPIs 3M 2025
KEY FINANCIAL KPI S 3M 2025 (financial KPIs acc. to IFRS in € million) 3M 2024 3M 2025 Change Revenues (1) 1,565.0 1,630.8 + 4.2% EBITDA (1) 342.1 342.6 + 0.1% Capex 139.7 122.0 - 12.7% Free cash flow (2) -142.9 -165.8 - 31.12.2024 31.03.2025 Change Net bank liabilities 2,698.8 2,937.2 + 8.8% Equity
Slide 30: Group: EBITDA / Free Cash Flow Bridge as of March 31, 2025
GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF MARCH 31, 2025 (acc. to IFRS in € million) 342.6 -120.1 -110.0 -65.8 -172.8 -126.1 -39.8 -165.8 EBITDA Capex Phasing effects Tax Working Capital Free cash flow Leasing Free cash flow 3M 2025 (1) (net) from prior year & others 3M 2025 after leasing (1) w/o
Slide 31: Outlook 2025
OUTLOOK 2025 31 United Internet AG - Company Presentation Q1 2025
Slide 32: Outlook 2025
OUTLOOK 2025 (1) Revenue guidance 2025 upgraded and earnings forecast 2025 confirmed ▪ Revenues: approx. € 6.45 billion (previously: approx. € 6.4 billion, 2024: € 6.303 billion) ▪ EBITDA: approx. € 1.35 billion (2024: € 1.295 billion), including approx. € - 20 million due to the change of national
Slide 33: Share and Dividend
SHARE AND DIVIDEND 33 United Internet AG - Company Presentation Q1 2025
Slide 34: Share Price Development and Shareholder Structure
SHARE PRICE DEVELOPMENT AND SHAREHOLDER STRUCTURE 60 € € 59.80 (ATH: 09.01.2018) Key Share Facts & Figures: 50 € € 22.90 (19.05.2025) ▪ ISIN: DE0005089031 40 € ▪ WKN: 508903 30 € € 1.02 (23.3.98) ▪ Stock Exchange: Xetra 2008: Financial crisis ▪ Index: MDAX, TecDAX 20 € 2002: Dotcom bubble bursts ▪ S
Slide 35: Shareholder Return
SHAREHOLDER RETURN Dividend payments Share buy backs Share capital (cumulative in € million) (cumulative in € million) (in € million) 1600 270 1,800 1400 1,600 250 1,400 1200 1,200 230 1000 1,000 800 210 800 600 600 190 400 400 170 200 200 0 0 150 ▪ Dividend payment for fiscal year 2024: ▪ Total of
Slide 36: Investor Relations Contact
INVESTOR RELATIONS CONTACT DOMINIC GROSSMANN VOTING RIGHTS* Head of Investor Relations United Interent AG Phone: +49 2602 / 96-1671 Elgendorfer Straße 57 E-Mail: dgrossmann@united-internet.de D-56410 Montabaur E-Mail: voting-rights@united-internet.de * Please use the provided email address for share
Slide 37: United Internet AG Our success story continues!
UNITED INTERNET AG Our success story continues! 37 United Internet AG - Company Presentation Q1 2025