United Internet Ag · XETR:UTDI

United Internet — 9M 2022 Earnings Presentation

21 slides from United Internet's earnings presentation, Nov 10, 2022

  1. Slide 1: Analyst and Investor Webcast – 9M Results 2022

    UNITED INTERNET AG Analyst and Investor Webcast – 9M Results 2022 Montabaur, November 10, 2022 1 Analyst and Investor Call Presentation – 9M 2022 November 10, 2022

  2. Slide 2: KPIs 9M 2022

    KPIs 9M 2022  27.11 million customer contracts: +430,000 in the first 9 months 2022 Revenues and earnings figures (in € million) 9M 2021 9M 2022 Change Revenues 4,167.9 4,384.3 +5.2% EBITDA (1) 952.1 983.3 +3.3% EBIT (1) 601.5 622.0 +3.4% EBT (1) 578.1 569.1 -1.6% EPS (1) (in €) 1.68 1.59 -5.4% EPS

  3. Slide 3: "Access" in 9M 2022

    “ACCESS” IN 9M 2022  CONSUMER ACCESS  CONSUMER APPLICATIONS  BUSINESS ACCESS  BUSINESS APPLICATIONS 3 Analyst and Investor Call Presentation – 9M 2022 November 10, 2022

  4. Slide 4: Consumer Access Segment: Customer Contracts

    CONSUMER ACCESS SEGMENT: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connections 16 15.43 15.65 +0.22  15.65 million customer contracts (+220,000) 14  11.52 million mobile internet contracts 12 (+ 330,000 contracts, thereof + 480,000 operative 10 11.19 11.52 and - 150,000 “TKG effect

  5. Slide 5: Consumer Access Segment: Revenues

    CONSUMER ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) Service revenues Other revenues 3,000 2,880.5 2,933.6 +53.1 (+1.8%) 2,500  +1.8% revenues to € 2,933.6 million 2,000  +2.2% service revenues to € 2,386.7 million 2,335.8 2,386.7 1,500  +0.4% other revenues (mainly smartphones) 1,000 to

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

    CONSUMER ACCESS (I): EBITDA (acc. to IFRS in € million) 600 552.0 +38.1 513.9 (+7.4%) 500  +7.4% EBITDA from € 513.91 million to 400 € 552.0 million 300  € - 0.7 million higher electricity costs 200  18.8% EBITDA margin (prior year: 17.8%) 100 0 9M 20211 9M 2022 (1) excl. non-period € 39.4 millio

  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 “Consumer Access” 600 578.1 +39.7 538.4 500 (+7.4%) “Access” 400 300  +7.4% EBITDA to € 578.1 million 200 100  19.7% EBITDA margin (prior year: 18.7%) 0 9M 20211 9M 2022 EBITDA “1&1 Mobilfunknetz” “1&1 Mobilfunk

  8. Slide 8: Business Access Segment: Revenues

    BUSINESS ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) 398.7 400 382.7 +16.0 (+4.2%) 350 300 250  +4.2% revenues to € 398.7 million included therein 200  € - 4.8 million negative regulatory effects 150 100 50 0 9M 2021 9M 2022 8 Analyst and Investor Call Presentation – 9M 2022 November 10,

  9. Slide 9: Business Access Segment: EBITDA

    BUSINESS ACCESS SEGMENT: EBITDA (acc. to IFRS in € million)  -4.5% EBITDA to € 113.5 million 120 118.8 113.5 -5.3  € - 7.3 million start-up cost for building the 110 (-4.5%) infrastructure for the 1&1 Mobile Network 100 90  € - 1.6 million SDH migration cost (one-off) 80 70  € - 1.3 million high

  10. Slide 10: "Applications" in 9M 2022

    “APPLICATIONS” IN 9M 2022  CONSUMER ACCESS  CONSUMER APPLICATIONS  BUSINESS ACCESS  BUSINESS APPLICATIONS 10 Analyst and Investor Call Presentation – 9M 2022 November 10, 2022

  11. Slide 11: Consumer Applications Segment: Accounts

    CONSUMER APPLICATIONS SEGMENT: ACCOUNTS (in million) Free accounts Pay accounts 50  42.55 million consumer accounts (- 290,000 seasonal; 42.79 42.55 -0.24 +740,000 compared to prior year), thereof 40  40.03 million free accounts (-290,000) 30  2.52 million pay accounts (+50,000) 20 40.32 40.03 

  12. Slide 12: Consumer Applications Segment: Revenues

    CONSUMER APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 220 208.0 200.1 +7.9 200 (+3.9%) 180  +3.9% revenues to € 208.0 million 160 140  + 7.5% in Q1 2022 120 100  + 1.5% in Q2 2022 80  + 3.0% in Q3 2022 60 40 20 0 9M 2021 9M 2022 12 Analyst and Investor Call Presentation – 9M 2022 N

  13. Slide 13: Consumer Applications Segment: EBITDA

    CONSUMER APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 90 83.6 +3.1  +3.9% EBITDA (1) to € 83.6 million, included therein 80.5 80 (+3.9%)  € - 2.4 million higher electricity costs 70 60 + 6.8% comparable EBITDA 50  40.2% EBITDA margin (prior year: 40.2%) 40 30 20 10 0 9M 2021 (1) 9M 20

  14. Slide 14: Business Applications Segment: Customer Contracts

    BUSINESS APPLICATIONS SEGMENT: CUSTOMER CONTRACTS (in million) Abroad Domestic 10 8.78 8.94 +0.16 8  8.94 million customer contracts (+160,000) 4.60 6 4.52  4.60 million abroad (+80,000)  4.34 million domestic (+80,000) 4 2 4.26 4.34 0 31.12.2021 30.09.2022 14 Analyst and Investor Call Presentati

  15. Slide 15: Business Applications Segment: Revenues

    BUSINESS APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 1,000 919.7  +18.7% revenues to € 919.7 million +144.8 774.9 (+18.7%) 800  Customer growth 600  Increased up- and cross-selling  Strong growth in aftermarket business (domain trading 400 platform and domain parking at Sedo) 200

  16. Slide 16: Business Applications Segment: EBITDA

    BUSINESS APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 260 249.8 242.2 +7.6 240 (+3.1%) 220  +3.1% EBITDA to € 249.8 million, included therein 200 180  € - 12.6 million additional marketing activities 160 140  € - 11.9 million higher electricity cost 120 100 + 13.3% comparable EBITDA 8

  17. Slide 17: Key Financial KPIs 9M 2022

    KEY FINANCIAL KPI S 9M 2022 (contracts in million / financial KPIs acc. to IFRS in € million) 9M 2021 9M 2022 Change Revenues 4,167.9 4,384.3 +5.2% EBITDA (1) 952.1 983.3 +3.3% Capex 203.9 348.6 +71.0% Free cash flow (2) 253.1 -38.4 - Free cash flow operative (2)(3) 253.1 58.8 -76.8% 31.12.2021 30.0

  18. Slide 18: Group: EBITDA / Free Cash Flow Bridge as of September 30, 2022

    GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF SEPTEMBER 30, 2022 (acc. to IFRS in € millions) 983.3 -263.5 -345.7 -130.5 -189.2 54.4 58.8 -92.8 97.2 -38.4 EBITDA Taxes & interest Capex Working Contingent Free Cashflow Leasing FCF after Phasing effects FCF after 9M 2022(1) Capital payment 9M 2022 Leasi

  19. Slide 19: Outlook 2022

    OUTLOOK 2022 19 Analyst and Investor Call Presentation – 9M 2022 November 10, 2022

  20. Slide 20: Forecast 2022

    FORECAST 2022 United Internet refined the guidance for FY 2022 (as of Sept. 30, 2022)  Revenues: approx. € 5.85 billion (2021: € 5.646 billion)  EBITDA: approx. € 1.270 billion (2021: € 1.259 billion), included therein  Approx. € - 60 million expenses at 1&1 for the development of the mobile netw

  21. Slide 21: United Internet AG Analyst and Investor Webcast – 9M Results 2022

    UNITED INTERNET AG Analyst and Investor Webcast – 9M Results 2022 Montabaur, November 10, 2022 21 Analyst and Investor Call Presentation – 9M 2022 November 10, 2022

United Internet — 9M 2022 Earnings Presentation on 6ix