Slide 1: Q2/6M 2025 Results Presentation
Q2/6M 2025 Results Presentation 29 July 2025
Slide 2: Important Notice / APMs
Important Notice / APMs This presentation as well as any information communicated in connection This document contains alternative performance measures (APM) that are therewith (the “Presentation”) contains information regarding TeamViewer not defined under IFRS. The APMs (non-IFRS) can be reconcile
Slide 3: Important Notice / APMs (continued)
Important Notice / APMs (continued) • Net Retention Rate (NRR) (cc) is defined as Retained ARR (cc) at the end • Adjusted Net Income is the net income adjusted for certain income and of the reporting period divided by the Total ARR at the end of the prior- expenses. These adjustments are: share-base
Slide 4: Business Overview
Business Overview Oliver Steil (CEO)
Slide 5: Highlights
Highlights Double-digit Enterprise growth and strong Adj. EBITDA margin; FY 2025 guidance reiterated Solid pro forma Revenue Double-digit growth in pro Pro forma ARR up 4 % cc yoy on growth of +6 % cc yoy forma Enterprise Revenue, the back of strong TeamViewer up 15 % cc yoy Enterprise business; par
Slide 6: Revenue growth across all regions, EMEA with strongest contribution
Revenue growth across all regions EMEA with strongest contribution Regional Development Customer Categories (pro forma Revenue, % yoy) (pro forma, % yoy) EMEA 52 % €99.8m (+8 % | 8 % cc) AMERICAS 38 % ENT SMB €72.7m (+3 % | 5 % cc) 31 % 69 % Revenue: Revenue: €58.7m (+13 % | 15 % cc) €132.0m (+2 % |
Slide 7: Continued growth in Enterprise across all ARR value ranges
Continued growth in Enterprise across all ARR value ranges SMB (ARR view) Enterprise (ARR view) (€m; % yoy cc; pro forma) (€m; % yoy cc; pro forma) € 1,500 - <10,000 ARR € >200,000 ARR 227.1 528.8 532.0 € 500 - <1,500 ARR € >100,000 ARR € <500 ARR 201.5 € >50,000 ARR € 10,000 - 50,000 ARR 81.7 254.0
Slide 8: Very good progress on 1E integration; promising momentum for new DEX products
Very good progress on 1E integration; promising momentum for new DEX products Accelerate business growth and maximize customer benefits as quickly as possible Expected Duration 0-3 months 4-6 months 7-9 months 10-12 months Post-Closing Enable Enterprise cross- Mobilize selling and pipeline Integrate
Slide 9: Leading DEX capabilities
Leading DEX capabilities TeamViewer has been named a Leader in the 2025 Gartner® Magic Quadrant™ report for Digital Employee Experience (DEX) Management Tools. TeamViewer DEX Essentials Proactive IT with real- time visibility, automated fixes, and zero disruption. TeamViewer ONE, the Digital Workpla
Slide 10: TeamViewer CoPilot: Support for IT troubleshooting diagnosis
TeamViewer CoPilot: Support for IT troubleshooting diagnosis Session Insights: Closing existing feature gaps, allowing connections to unmanaged devices, more granular controls 10 TeamViewer | Q2 2025 Results
Slide 11: Financial Overview
Financial Overview Michael Wilkens (CFO)
Slide 12: Q2 2025: Significant YoY margin expansion and strong Adj. EPS growth
Q2 2025: Significant YoY margin expansion and strong Adj. EPS growth Topline KPIs Q2 2025 Profitability / Cash Q2 2025 (% and pp yoy; pro forma) (% and pp yoy; pro forma) €190.7m €84.0m Revenue Adjusted EBITDA +5 %/+6 % cc +17 % €759.1m Adjusted EBITDA 44 % ARR +4 %/+4 % cc Margin +4 pp €227.1m €0.2
Slide 13: Solid performance with strong profitability
Solid performance with strong profitability Quarterly Revenue and Growth Rates ARR and Growth Rates Adjusted EBITDA and Margin (€m; %; pro forma, (€m; %; pro forma, (€m; %; pro forma) Q2–Q4 2024 yoy growth rates reflect TeamViewer standalone) Q2–Q4 2024 yoy growth rates reflect TeamViewer standalone
Slide 14: Double-digit Enterprise growth
Double-digit Enterprise growth 1 2 Quarterly ENT Revenue and Growth Rates ENT ASP (ARR) ENT Customers (€m; %; pro forma; Q2–Q4 2024 yoy growth rates reflect TeamViewer standalone) (€k; pro forma) (eop; pro forma) 44 44 45 44 44 63.8 59.9 58.7 51.7 55.2 4,957 5,044 5,143 4,573 4,698 37 % (38 % cc) 19
Slide 15: Solid SMB performance
Solid SMB performance 1 2 Quarterly SMB Revenue and Growth Rates SMB ASP (ARR) SMB Customer churn rate (€m; %; pro forma; Q2–Q4 2024 yoy growth rates reflect TeamViewer standalone) (€; pro forma) (%; LTM; pro forma) 129.1 131.6 131.5 130.4 132.0 813 817 796 796 803 14.6 % 14.6 % 15.0 % 15.3 % 15.6 %
Slide 16: Strong growth in Adj. EBITDA up 17% yoy
Strong growth in Adj. EBITDA up 17 % yoy Q2 2025 Q2 2024 6M 2025 6M 2024 Q2 2025 Recurring Cost slightly in € million ∆% ∆% Pro forma Pro forma Pro forma Pro forma decreased yoy Revenue 190.7 180.8 +5 % 380.9 357.9 +6 % • COGS: Largely stable yoy Cost of Goods Sold (COGS) (15.4) (15.3) +1 % (31.6) (
Slide 17: Adj. EPS up 19% yoy vs. TMV standalone
Adj. EPS up 19 % yoy vs. TMV standalone Q2 2025 Q2 2024 6M 2024 6M 2025 €m IFRS TMV ∆% TMV ∆% Pro forma standalone standalone • Total interest expenses of €10.4m EBITDA 82.9 60.2 +38 % 145.9 113.2 +29 % in Q2 2025, up €5.7m yoy; driven by D&A (14.0) (14.3) -2 % (27.4) (28.6) -4 % the financing of th
Slide 18: Strong FCFE Conversion of 71% in Q2
Strong FCFE Conversion of 71 % in Q2 Q2 2025 Q2 2024 6M 2025 6M 2024 €m Non-pro TMV ∆% Non-pro TMV ∆% 1 forma standalone 2 forma standalone • Decrease of pre-tax UFCF in Q2 Pre-Tax net cash from operating activities (IFRS) 84.0 84.1 0% 130.6 145.5 -10 % driven by 1E acquisition related Capital expen
Slide 19: Pro forma net leverage ratio improved to 2.9x in line with deleveraging target
Pro forma net leverage ratio improved to 2.9x in line with deleveraging target Leverage further improved to 2.9x (€m) Post-1E, deleveraging to <2.0x by the end of 2026 3.2x 3.1x 2.9x <2.0x 2 Cash/Cash Op. Cash CapEx incl. Paid Net proceeds Other Cash/Cash Financial Net Finan. 1 3 Equivalents Flow M&
Slide 20: FY 2025 Pro forma guidance reiterated
FY 2025 Growth acceleration expected in H2 Pro forma guidance reiterated • Larger pipeline and higher conversion: FY 2024 Actuals, FY 2025 Guidance, strengthened sales execution expected to drive 1 TMV+1E unaudited pro forma higher win rates; larger deals expected, particularly (Jan 1 - Dec 31, 2024
Slide 21: Q&A
Q&A
Slide 22: Appendix
Appendix © TeamViewer
Slide 23: Overview Topline KPIs
Overview Topline KPIs Q2’25 Q1’25 Q4’24 Q3’24 Q2’24 Q1’24 Pro forma Pro forma Pro forma Pro forma Pro forma Pro forma SMB 2 ARR in €m 532.0 535.2 533.4 529.6 528.8 525.0 ASP (ARR) in € 816.9 812.9 802.8 796.3 796.2 794.7 1 Number of customers 651,221 658,327 664,461 665,147 664,197 660,683 Enterpris
Slide 24: Q2 2025: Reconciliation management metrics to IFRS
Q2 2025: Reconciliation management metrics to IFRS Pro forma Accounting Management view Pro forma Management view Other non-IFRS view in EUR million adjusted P&L adjustments Revenue adj. P&L D&A adjustments IFRS P&L Revenue 190.7 (5.0) 185.6 185.6 Cost of Goods Sold (COGS) (15.4) (15.4) (9.0) (0.3)
Slide 25: 6M 2025: Reconciliation management metrics to IFRS
6M 2025: Reconciliation management metrics to IFRS Pro forma Accounting Management view Pro forma Management view Other non-IFRS view 1 €m adjusted P&L adjustments Revenue adj. P&L D&A adjustments IFRS P&L Revenue 380.9 (16.6) 364.4 364.4 Cost of Goods Sold (COGS) (31.6) 0.7 (31.0) (16.7) (1.5) (49.
Slide 26: Non-IFRS adjustments in EBITDA
Non-IFRS adjustments in EBITDA Basis of €m (unless otherwise stated) preparation Q2 2025 6M 2025 / definition Non-IFRS EBITDA adjusted by EBITDA APM 77.9 144.4 1) non-recurring items Total IFRS 2 charges (expenses for share-based compensation) APM +4.8 +11.3 • IFRS2 charges, mainly RSU TeamViewer LT
Slide 27: Financial Statements
Financial Statements © TeamViewer
Slide 28: Profit & Loss Statement (IFRS)
Profit & Loss Statement (IFRS) € thousand Q2 2025 Q2 2024 ∆% 6M 2025 6M 2024 ∆% Revenue 185,629 164,116 +13 % 364,382 325,770 +12 % Cost of Goods Sold (COGS) (24,681) (23,410) +5 % (49,199) (45,498) +8 % Gross profit 160,947 140,705 +14 % 315,183 280,272 +12 % Research and development (24,744) (18,9
Slide 29: Balance Sheet – Assets (IFRS)
Balance Sheet – Assets (IFRS) € thousand 30 June 2025 31 December 2024 Non-current assets Goodwill 1,121,376 668,091 Intangible assets 363,630 149,006 Property, plant and equipment 43,382 41,457 Financial assets 7,995 5,412 Investments in associates 16,371 20,862 Other assets 25,198 22,440 Deferred
Slide 30: Balance Sheet – Equity & Liabilities (IFRS)
Balance Sheet – Equity & Liabilities (IFRS) € thousand 30 June 2025 31 December 2024 Equity Issued capital 170,000 170,000 Capital reserve 69,185 70,327 (Accumulated losses)/retained earnings 80,138 27,893 Hedge reserve (1,920) 5,822 Foreign currency translation reserve (59,925) 4,653 Treasury share
Slide 31: Cash Flow Statement (IFRS)
Cash Flow Statement (IFRS) € thousand Q2 2025 Q2 2024 ∆% 6M 2025 6M 2024 ∆% Profit before tax 36,528 39,796 -8 % 80,554 72,723 11 % Depreciation, amortization and impairment of non-current assets 13,966 14,315 -2 % 27,338 28,583 -4 % Increase/(decrease) in provisions (279) (42) n/a (8,593) 299 n/a N
Slide 32: Cash Flow Statement (IFRS, continued)
Cash Flow Statement (IFRS, continued) € thousand Q2 2025 Q2 2024 ∆% 6M 2025 6M 2024 ∆% Repayments of borrowings (130,000) (120,000) 8% (130,000) (220,000) -41 % Proceeds from borrowings – 100,000 -100 % 720,000 190,000 279 % Payments for the capital element of lease liabilities (5,279) (3,984) 33 %
Slide 33: Financial Calendar
Financial 4 November 2025 Q3 2025 Results & Analyst Call Calendar
Slide 34: TeamViewer
TeamViewer