United Internet Ag · XETR:UTDI
United Internet — Q1 2025 Earnings Presentation
22 slides from United Internet's earnings presentation, May 12, 2025
Slide 1: Analyst and Investor Webcast – 3M Results 2025
UNITED INTERNET AG Analyst and Investor Webcast – 3M Results 2025 Montabaur, May 12, 2025 1 Analyst and Investor Call Presentation – 3M 2025 May 12, 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: "Access" in 3M 2025
“ACCESS” IN 3M 2025 ▪ CONSUMER ACCESS ▪ CONSUMER APPLICATIONS ▪ BUSINESS ACCESS ▪ BUSINESS APPLICATIONS 3 Analyst and Investor Call Presentation – 3M 2025 May 12, 2025
Slide 4: 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 ▪ 3.93 million broadband connections (- 20,000) 10 12.44 12.42 8 6 4 2 3.95
Slide 5: 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 6: 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 6 Anal
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” 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 8: 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 8 Analyst and Investor Call Presentation – 3M 2025 May 12, 2025
Slide 9: 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 10: "Applications" in 3M 2025
“APPLICATIONS” IN 3M 2025 ▪ CONSUMER ACCESS ▪ CONSUMER APPLICATIONS ▪ BUSINESS ACCESS ▪ BUSINESS APPLICATIONS 10 Analyst and Investor Call Presentation – 3M 2025 May 12, 2025
Slide 11: 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 12: 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) 12 Analyst and Investor Call Presentation – 3M 2025
Slide 13: 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) 13 Analyst an
Slide 14: 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 14 Analyst and Investor Call Present
Slide 15: 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 15 Analyst and Investor Cal
Slide 16: 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 16 Analyst and Investor Call Presentation – 3M 2025 May 12, 2025
Slide 17: 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 18: 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 19: Outlook 2025
OUTLOOK 2025 19 Analyst and Investor Call Presentation – 3M 2025 May 12, 2025
Slide 20: 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 r
Slide 21: Q&A Session
Q&A SESSION 21 Analyst and Investor Call Presentation – 3M 2025 May 12, 2025
Slide 22: Analyst and Investor Webcast – 3M Results 2025
UNITED INTERNET AG Analyst and Investor Webcast – 3M Results 2025 Montabaur, May 12, 2025 22 Analyst and Investor Call Presentation – 3M 2025 May 12, 2025