United Internet Ag · XETR:UTDI
United Internet — Q2 2026 Earnings Presentation
28 slides from United Internet's earnings presentation, Aug 6, 2026
Slide 1: United Internet AG H1 2026
UNITED INTERNET AG H1 2026 Frankfurt/Main, August 6, 2026 1 H1 2026 Frankfurt/Main, August 6, 2026
Slide 2: Agenda
AGENDA Ralph Dommermuth Company development H1 2026 Outlook Carsten Theurer Results H1 2026 2 H1 2026 Frankfurt/Main, August 6, 2026
Slide 3: Company Development H1 2026
COMPANY DEVELOPMENT H1 2026 3 H1 2026 Frankfurt/Main, August 6, 2026
Slide 4: United Internet with 3 segments
UNITED INTERNET WITH 3 SEGMENTS 1&1 IONOS Mail & Media 4 H1 2026 Frankfurt/Main, August 6, 2026
Slide 5: Segment 1&1
SEGMENT “1&1” 1&1 IONOS MAIL & MEDIA 5 H1 2026 Frankfurt/Main, August 6, 2026
Slide 6: 1&1: Consumer & Small Business
“1&1”: CONSUMER & SMALL BUSINESS Mobile (1) ▪ 12.33 million mobile contracts ▪ Broad market approach through target group-specific brands Fixed-line ▪ 3.85 million broadband connections ▪ Complete VDSL and FTTH packages based on our fiber-optic network, with last mile provided by Deutsche Telekom an
Slide 7: 1&1: Enterprises & Networks
“1&1”: ENTERPRISES & NETWORKS Mobile ▪ Europe’s first OpenRAN, Fully Virtualized ▪ Population coverage > 34% (2025: > 27%) solely with mid- and high-band spectrum Fixed-line ▪ Operation of one of Germany's most powerful fiber-optic networks ▪ Approx. 70,000 km of fiber optic network ▪ Available in o
Slide 8: 1&1: Customer Contracts
“1&1”: CUSTOMER CONTRACTS (in million) Mobile Internet Broadband connections 20 16.32 ▪ 16.18 million customer contracts (- 140,000) 16.18 -0.14 15 ▪ 12.33 million mobile internet contracts (- 150,000) Discount tariffs: Due to discontinuation of particularly low - 10 12.48 12.33 cost tariffs and red
Slide 9: 1&1: Revenue
“1&1”: REVENUE (acc. to IFRS in € million) Service revenues Other revenues (mainly hardware) 2,500 ▪ + 1.6% revenues to € 2.270 billion 2,233.7 2,269.7 +36.0 (+1.6%) 2,000 ▪ - 1.1% service revenues to € 1.805 billion ▪ + 13.5% other revenues (in particular smartphones) to 1,500 1,824.3 1,804.9 € 464
Slide 10: 1&1: EBITDA
“1&1”: EBITDA (acc. to IFRS in € million) 400 382.7 364.2 +18.5 (+5.1%) ▪ + 5.1% EBITDA to € 382.7 million 300 ▪ 16.9% EBITDA margin (prior year: 16.3%) 200 100 0 H1 2025 H1 2026 10 H1 2026 Frankfurt/Main, August 6, 2026
Slide 11: Segment IONOS
SEGMENT “IONOS” 1&1 IONOS MAIL & MEDIA 11 H1 2026 Frankfurt/Main, August 6, 2026
Slide 12: IONOS
“IONOS” ▪ Europe’s leading digitalization partner for freelancers, small and medium-sized businesses as well as a reliable cloud enabler ▪ Active in 14 European countries as well as in the USA, Canada and Mexico ▪ Broad product portfolio ▪ Domains, Websites, E-Shops, Online-Marketing-Tools ▪ Office-
Slide 13: IONOS: Customer Contracts
“IONOS”: CUSTOMER CONTRACTS (in million) Abroad Domestic 12 10.55 ▪ 10.55 million customer contracts (+ 500,000) 10.05 +0.50 10 ▪ 5.57 million abroad (+ 320,000) 8 5.57 5.25 ▪ 4.98 million domestic (+ 180,000) 6 4 4.80 4.98 2 0 31.12.2025 30.06.2026 13 H1 2026 Frankfurt/Main, August 6, 2026
Slide 14: IONOS: Revenues
“IONOS”: REVENUES (acc. to IFRS in € million) 800 701.1 ▪ + 6.9% revenues to € 701.1 million (+ 8.2% FX adjusted) 700 656.0 +45.1 (+6.9%) 600 ▪ Ongoing customer growth 500 ▪ Increased up- and cross-selling 400 300 200 100 0 H1 2025(1) H1 2026(1) (1) Sedo carried in accordance with IFRS 5 as disconti
Slide 15: IONOS: EBITDA
“IONOS”: EBITDA (acc. to IFRS in € million) 300 ▪ + 2.6% EBITDA to € 232.6 million (+ 4.2% FX adjusted) 226.6 232.6 +6.0 ▪ Significantly higher marketing expenses compared to (+2.6%) 200 H1 2025 ▪ 33.2% EBITDA margin (prior year: 34.5%) 100 0 H1 2025 (1) H1 2026 (1) (1) Sedo carried in accordance wi
Slide 16: Segment Mail & Media
SEGMENT “MAIL & MEDIA” 1&1 IONOS MAIL & MEDIA 16 H1 2026 Frankfurt/Main, August 6, 2026
Slide 17: Mail & Media
“MAIL & MEDIA” ▪ With GMX, WEB.DE and mail.com, one of the leading providers of consumer applications ▪ Broad product portfolio for private customers: Communication Online Office Personal Information Management (e-mail, and organization tasks, appointments, addresses), cloud storage and office appli
Slide 18: Mail & Media: Accounts
“MAIL & MEDIA”: ACCOUNTS (in million) Free accounts Pay accounts 50 42.03 41.98 40 -0.05 ▪ 41.98 million accounts (- 50,000) ▪ 38.44 million free accounts (- 240,000), due to seasonal factors 30 and as a result of the high conversion rate to pay accounts 38.68 38.44 20 ▪ 3.54 million pay accounts (+
Slide 19: Mail & Media: Revenue
“MAIL & MEDIA”: REVENUE (acc. to IFRS in € million) 180 161.4 ▪ + 8.4% revenues to € 161.4 million 160 148.9 +12.5 (+8.4%) 140 ▪ Increased monetization of free accounts through 120 online advertising 100 80 ▪ Strong growth in pay accounts 60 40 20 0 H1 2025 (1) H1 2026 (1) w/o revenues contributions
Slide 20: Mail & Media: EBITDA
“MAIL & MEDIA”: EBITDA (acc. to IFRS in € million) 80 ▪ + 16.7% EBITDA to € 62.9 million 62.9 60 +9.0 ▪ 39.0% EBITDA margin (prior year: 36.2%) 53.9 (+16.7%) 40 20 0 H1 2025(1) H1 2026 (1) w/o earnings contributions of € +1.2 million from Energy 20 H1 2026 Frankfurt/Main, August 6, 2026
Slide 21: Outlook
OUTLOOK 21 H1 2026 Frankfurt/Main, August 6, 2026
Slide 22: Outlook 2026
OUTLOOK 2026 Guidance confirmed for FY 2026 ▪ Revenue: approx. € 6.25 billion (2025: € 6.104 billion) ▪ EBITDA: approx. € 1.45 billion (2025: € 1.282 billion) ▪ Cash-CAPEX: € 600 - 650 million (2025: € 730.8 million) 22 H1 2026 Frankfurt/Main, August 6, 2026
Slide 23: Results H1 2026
RESULTS H1 2026 23 H1 2026 Frankfurt/Main, August 6, 2026
Slide 24: Group: Key Figures as of June 30, 2026
GROUP: KEY FIGURES AS OF JUNE 30, 2026 P&L figures according to IFRS in € million H1 2025 (1) H1 2026 (1) Change Fee-based customer contracts (in million) 29.31 30.27 ▪ + 0.96 million Ad-financed free accounts (in million) 38.57 38.44 ▪ - 0.13 million (pay accounts: + 0.36 million) Revenues (2) 2,99
Slide 25: Group: EBITDA / Free Cash Flow Bridge as of June 30, 2026
GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF JUNE 30, 2026 (acc. to IFRS in € million) H1 2026 676.1 -6.1 -278.8 -17.4 -160.6 213.2 -83.5 129.7 EBITDA EBITDA Capex Tax Working Capital Free CF Leasing Free CF AL H1 2026(1) AdTech (2) (net) & Others H1 2026 H1 2026 H1 2025 644.2 32.6 -295.1 -51.2 -224.
Slide 26: Group: Balance Sheet as of June 30, 2026 (I)
GROUP: BALANCE SHEET AS OF JUNE 30, 2026 (I) (acc. to IFRS in € million) Assets Key changes +93.9 ▪ Current and non-current assets: + € 94.6 million 11,978.5 12,072.4 ▪ PPE / intangible assets: + € 104.6 million 1,767.8 1,753.4 Current assets (high investments in fiber optic and mobile network) ▪ Co
Slide 27: Group: Balance Sheet as of June 30, 2026 (II)
GROUP: BALANCE SHEET AS OF JUNE 30, 2026 (II) (acc. to IFRS in € million) Liabilities and Equity Key changes +93.9 ▪ Current and non-current liabilities: + € 90.7 million 11,978.5 12,072.4 ▪ Trade accounts payable: - € 159.8 million Current liabilities 2,645.6 2,691.3 ▪ Liabilities due to banks: + €
Slide 28: United Internet AG
UNITED INTERNET AG Our success story continues! 28 H1 2026 Frankfurt/Main, August 6, 2026