United Internet Ag · XETR:UTDI
United Internet — 9M 2020 Earnings Presentation
20 slides from United Internet's earnings presentation, Nov 10, 2020
Slide 1: Analyst and Investor Webcast – 9M Results 2020
UNITED INTERNET AG Analyst and investor Webcast – 9M Results 2020 Montabaur, November 10, 2020 1 Analyst and Investor Call Presentation – 9M/2020 November 10, 2020
Slide 2: Introduction of Martin Mildner
INTRODUCTION OF MARTIN MILDNER Martin Mildner, CFO since October 2020 Responsibility: Finance and Controlling, Risk Management/Internal Audit, Legal, Tax, M&A, Investment Management and Human Resources Experience: Corporate Transactions, Compliance Management and Corporate and Tax Law Last pos
Slide 3: KPIs 9M 2020
KPIs 9M 2020 25.41 million customer contracts: + 670,000 in the first 9 months 2020 Revenues and earnings figures (in € million) 9M 2019 9M 2020 Change Revenues 3,855.0 3,984.7 + 3.4% EBITDA (1) 944.0 896.4 - 5.0% EBIT 587.6 541.6 - 7.8% EPS before impairments (2) (in €) 1.39 1.33 - 4.3 % EPS befo
Slide 4: "Access" in 9M 2020
“ACCESS” IN 9M 2020 CONSUMER ACCESS BUSINESS APPLICATIONS BUSINESS ACCESS CONSUMER APPLICATIONS 4 Analyst and Investor Call Presentation – 9M/2020 November 10, 2020
Slide 5: Consumer Access Segment: Customer Contracts
CONSUMER ACCESS SEGMENT: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connections 15.00 14.33 14.68 +0.35 14.68 million customer contracts (+ 350,000) 10.36 million mobile internet contracts (+ 370,000) 10.00 9.99 10.36 4.32 million broadband connections (- 20,000) 5.00 ADSL / VDS
Slide 6: Consumer Access Segment: Revenues
CONSUMER ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) Services revenues Hardware revenues + 3.1 % revenues to € 2.793 billion 3,000 2,709.2 2,792.8 +83.6 + 2.6 % service revenues to € 2,257.7 million, (+3.1%) 2,500 despite - € 16.4 million, due to the coronavirus pandemic (in particular
Slide 7: Consumer Access Segment: EBITDA
CONSUMER ACCESS SEGMENT: EBITDA (acc. to IFRS in € million) - 9.8 % EBITDA to € 458.6 million € - 13.7 million from regulation of subscriber line charges (“TAL”) and “SMS EU” (prior year: 550 508.6 500 -50.0 € - 1.0 million) 458.6 (-9.8%) 450 € - 8.4 million from initial costs for the 5G netwo
Slide 8: Business Access Segment: Revenues
BUSINESS ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) + 4.0 % revenues to € 366.6 million 400 366.6 352.5 +14.1 € - 11.1 million from services which expired in 2019 350 (+4.0%) and which were previously provided to broadband 300 customers taken over by 1&1 Drillisch in 2017 250 200 € +
Slide 9: Business Access Segment: EBITDA
BUSINESS ACCESS SEGMENT: EBITDA (acc. to IFRS in € million) + 8.9 % EBITDA to € 114.3 million 120 114.3 105.0 +9.3 € - 4.3 million from expiry of services in 2019 for (+8.9%) 100 broadband customers taken over by 1&1 Drillisch 80 € + 1.6 million from stronger telephony business 60 due to the c
Slide 10: "Applications" in 9M 2020
“APPLICATIONS” IN 9M 2020 CONSUMER ACCESS BUSINESS APPLICATIONS BUSINESS ACCESS CONSUMER APPLICATIONS 10 Analyst and Investor Call Presentation – 9M/2020 November 10, 2020
Slide 11: Business Applications Segment: Customer Contracts
BUSINESS APPLICATIONS SEGMENT: CUSTOMER CONTRACTS (in million) Abroad Domestic 9.00 8.38 8.15 +0.23 8.00 8.38 million customer contracts (+ 230,000) 7.00 6.00 4.25 4.37 4.01 million domestic 5.00 4.00 4.37 million abroad 3.00 2.00 3.90 4.01 1.00 0.00 31.12.2019 30.09.2020 11 Analyst and Invest
Slide 12: Business Applications Segment: Revenues
BUSINESS APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 800 707.3 700 665.7 +41.6 (+6.2%) + 6.2 % revenues to € 707.3 million 600 500 Customer growth 400 Up- und Cross-selling 300 200 Positive effects from the low-margin and 100 volatile domain parking business of Sedo 0 9M/2019
Slide 13: Business Applications Segment: EBITDA
BUSINESS APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 300 254.6 + 7.5 % EBITDA to € 254.6 million 250 236.8 +17.8 (+7.5%) incl. € 63.2 million marketing expenses 200 (prior year: € 70.8 million, thereof 150 € 15.1 million rebranding expenses) 100 36.0 % EBITDA margin (prior year: 3
Slide 14: Consumer Applications Segment: Accounts
CONSUMER APPLICATIONS SEGMENT: ACCOUNTS (in million) Free accounts Pay accounts 41.17 million consumer accounts 45.00 39.85 41.17 40.00 +1.32 38.82 million free accounts (+ 1,230,000) 35.00 30.00 2.35 million pay accounts (+ 90,000) 25.00 37.59 38.82 thereof 26.2 million with mobile usage (+
Slide 15: Consumer Applications Segment: Revenues
CONSUMER APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) Pay accounts/portal marketing Sale of third-party inventory - 2.0 % revenues* to € 180.9 million + 1.9 % in the core business with pay accounts and 200 184.5 180.9 -3.6 portal marketing despite - € 4.8 million pandemic- (-2.0%)
Slide 16: Consumer Applications Segment: EBITDA
CONSUMER APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 80 70 70.6 69.5 -1.1 - 1.6 % EBITDA to € 69.5 million (-1.6%) 60 € - 3.6 million pandemic-related burdens on earnings 50 38.4 % EBITDA margin (prior year: 39.6 %) 40 30 20 + 3.5 % comparable EBITDA – w/o pandemic effect 10 0 9
Slide 17: Key Financial KPIs as of 30 September 2020
KEY FINANCIAL KPI S AS OF 30 SEPTEMBER 2020 (contracts in million / financial KPIs acc. to IFRS in € million) 9M 2019 9M 2020 Change Fee-based customer contracts (prev. year as of Dec. 31, 2019) 24.74 25.41 + 0.67m Ad-financed free accounts (prev. year as of Dec. 31, 2019) 37.59 38.82 + 1.23m Revenu
Slide 18: Outlook 2020
OUTLOOK 2020 18 Analyst and Investor Call Presentation – 9M/2020 November 10, 2020
Slide 19: Forecast 2020
FORECAST 2020 Revenue is expected rather with a growth – subject to a similarly restrained demand trend in the hardware business in Q4 – of approx. 3% (than before with approx. 4 %, prior year: € 5,194.1 million). EBITDA is expected to reach approx. € 1,180 million after € 1,266 million in the p
Slide 20: United Internet AG Analyst and Investor Webcast – 9M Results 2020
UNITED INTERNET AG Analyst and investor Webcast – 9M Results 2020 Montabaur, November 10, 2020 20 Analyst and Investor Call Presentation – 9M/2020 November 10, 2020