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UNITED INTERNET AG H1 2026 Frankfurt / Main , August 6 , 2026 united internet
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2 H1 2026 Frankfurt/Main, August 6, 2026 AGENDA Ralph Dommermuth Company development H1 2026 Outlook Carsten Theurer Results H1 2026
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3 H1 2026 Frankfurt/Main, August 6, 2026 COMPANY DEVELOPMENT H1 2026
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4 H1 2026 Frankfurt/Main, August 6, 2026 UNITED INTERNET WITH 3 SEGMENTS 1&1 IONOS Mail & Media
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5 H1 2026 Frankfurt/Main, August 6, 2026 IONOS1&1 MAIL & MEDIA SEGMENT “1&1”
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6 H1 2026 Frankfurt/Main, August 6, 2026 “1&1”: CONSUMER & SMALL BUSINESS Mobile ▪ 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 and regional carriers (such as Deutsche Glasfaser, Glasfaser Nordwest, M -Net, NetCologne, OXG, Westconnect , wilhelm.tel) ▪ Largest FTTH footprint in Germany: approx. 80% of household connections are connected to the 1&1 transport network (1) 1 “Very Good” (over 910 points) from connect (www.connect.de/3211255) in a special evaluation based on its mobile network test benchmark metric for the network quality of 1&1 O-RAN combined with Vodafone’s national roaming. For more information, visit www.1und1.de/test. In the main test, published in the January 2026 issue of connect, other network operators received 1 “outstanding” rating (975 points) and 2 “very good” ratings (937 points).
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7 H1 2026 Frankfurt/Main, August 6, 2026 “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 over 350 cities ▪ Project business and plug -and -play solutions for businesses ▪ Over 30,000 directly connected sites
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8 H1 2026 Frankfurt/Main, August 6, 2026 “1&1”: CUSTOMER CONTRACTS ▪ 16.18 million customer contracts (- 140,000) ▪ 12.33 million mobile internet contracts (- 150,000) Discount tariffs: Due to discontinuation of particularly low - cost tariffs and reducing the data allowances included in the high -performance tariffs resulted in a net loss of 100,000 contracts in April alone ▪ 3.85 million broadband connections (+ 10,000)0 5 10 15 20 31.12.2025 30.06.2026 16.32 16.18 12.48 3.84 12.33 3.85 -0.14 (in million ) Mobile Internet Broadband connections
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9 H1 2026 Frankfurt/Main, August 6, 2026 Service revenues Other revenues (mainly hardware) “1&1”: REVENUE ▪ + 1.6% revenues to € 2.270 billion ▪ - 1.1% service revenues to € 1.805 billion ▪ + 13.5% other revenues (in particular smartphones) to € 464.8 million (acc. to IFRS in € million) 0 500 1,000 1,500 2,000 2,500 H1 2025 H1 2026 2,233.7 2,269.7 1,824.3 409.4 1,804.9 464.8 +36.0 (+1.6%)
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10 H1 2026 Frankfurt/Main, August 6, 2026 “1&1”: EBITDA (acc. to IFRS in € million) ▪ + 5.1% EBITDA to € 382.7 million ▪ 16.9% EBITDA margin (prior year : 16.3%) 0 100 200 300 400 H1 2025 H1 2026 364.2 382.7 +18.5 (+5.1%)
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11 H1 2026 Frankfurt/Main, August 6, 2026 IONOS1&1 MAIL & MEDIA SEGMENT “IONOS”
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12 H1 2026 Frankfurt/Main, August 6, 2026 “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 -Packages, Business E -Mail, Online -Storage ▪ AI-Assistants ▪ Cloud -Infrastructure ▪ Highest security standards , GDPR -compliant
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13 H1 2026 Frankfurt/Main, August 6, 2026 Abroad Domestic “IONOS”: CUSTOMER CONTRACTS ▪ 10.55 million customer contracts (+ 500,000) ▪ 5.57 million abroad (+ 320,000) ▪ 4.98 million domestic (+ 180,000) (in million) 0 2 4 6 8 10 12 31.12.2025 30.06.2026 10.05 10.55 5.25 4.80 5.57 4.98 +0.50
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14 H1 2026 Frankfurt/Main, August 6, 2026 “IONOS”: REVENUES ▪ + 6.9% revenues to € 701.1 million (+ 8.2% FX adjusted) ▪ Ongoing customer growth ▪ Increased up - and cross -selling 0 100 200 300 400 500 600 700 800 H1 2025(1) H1 2026(1) 656.0 701.1 +45.1 (+6.9%) (acc. to IFRS in € million) (1) Sedo carried in accordance with IFRS 5 as discontinued operation as of September 30, 2025; H1 2025 adjusted
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15 H1 2026 Frankfurt/Main, August 6, 2026 “IONOS”: EBITDA ▪ + 2.6% EBITDA to € 232.6 million (+ 4.2% FX adjusted) ▪ Significantly higher marketing expenses compared to H1 2025 ▪ 33.2% EBITDA margin (prior year : 34.5%) 0 100 200 300 H1 2025 (1) H1 2026 (1) 226.6 232.6 +6.0 (+2.6%) (acc. to IFRS in € million) (1) Sedo carried in accordance with IFRS 5 as discontinued operation as of September 30, 2025; H1 2025 adjusted
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16 H1 2026 Frankfurt/Main, August 6, 2026 1&1 MAIL & MEDIA SEGMENT “MAIL & MEDIA” IONOS
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17 H1 2026 Frankfurt/Main, August 6, 2026 “MAIL & MEDIA” ▪ With GMX, WEB.DE and mail.com, one of the leading providers of consumer applications ▪ Broad product portfolio for private customers: Personal Information Management (e -mail, tasks, appointments, addresses), cloud storage and office applications ▪ Differentiation through data protection & data security Communication and organization Cloud storage Online Office
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18 H1 2026 Frankfurt/Main, August 6, 2026 “MAIL & MEDIA”: ACCOUNTS ▪ 41.98 million accounts ( - 50,000) ▪ 38.44 million free accounts ( - 240,000), due to seasonal factors and as a result of the high conversion rate to pay accounts ▪ 3.54 million pay accounts (+ 190,000) (in million) 0 10 20 30 40 50 3.35(1) 31.12.2025 30.06.2026 42.03 41.98 38.68 38.44 3.54 -0.05 Free accounts Pay accounts (1) w/o Energy accounts
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19 H1 2026 Frankfurt/Main, August 6, 2026 “MAIL & MEDIA” : REVENUE ▪ + 8.4% revenues to € 161.4 million ▪ Increased monetization of free accounts through online advertising ▪ Strong growth in pay accounts (acc. to IFRS in € million) 0 20 40 60 80 100 120 140 160 180 H1 2025 (1) H1 2026 148.9 161.4 +12.5 (+8.4%) (1) w/o revenues contributions of € 11.2 million from Energy
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20 H1 2026 Frankfurt/Main, August 6, 2026 “MAIL & MEDIA” : EBITDA ▪ + 16.7% EBITDA to € 62.9 million ▪ 39.0% EBITDA margin (prior year : 36.2%) 53.9 62.9 0 20 40 60 80 H1 2025(1) H1 2026 +9.0 (+16.7% ) (acc. to IFRS in € million) (1) w/o earnings contributions of € +1.2 million from Energy
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21 H1 2026 Frankfurt/Main, August 6, 2026 OUTLOOK
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22 H1 2026 Frankfurt/Main, August 6, 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)
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23 H1 2026 Frankfurt/Main, August 6, 2026 RESULTS H1 2026
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24 H1 2026 Frankfurt/Main, August 6, 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) 2,992.7 3,090.9 ▪ + 3.3% EBITDA (2) 643.0 676.0 ▪ + 5.1% EBIT (2) 285.3 342.4 ▪ + 20.0% ( primarily due to lower PPA depreciation ) EPS (in €) (2) 0.47 0.75 ▪ + 59.6% ( primarily due to lower tax expenses ) Cash flow figures according to IFRS in € million H1 2025 H1 2026 Change Cash flow before changes in balance sheet items 578.5 596.0 ▪ + 3.0% Cash flow from operating activities 400.9 492.0 ▪ + 22.7% Cash flow from investing activities - 273.9 - 273.4 ▪ Capex: - € 283.6 million ( prior year : - € 297.0 million) Cash flow from financing activities -211.0 - 207.3 Free cash flow after leasing (Free CF AL) 25.1 129.7 ▪ + 416.7% (1) Sedo carried in accordance with IFRS 5 as discontinued operation as of September 30, 2025; H1 2025 adjusted (2) H1 2025 w/o revenue and earnings contributions from Energy (revenue contribution: € 11.2 million; EBITDA and EBIT contribution: + € 1.2 million; EPS contribution: + € 0.01)
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25 H1 2026 Frankfurt/Main, August 6, 2026 GROUP: EBITDA / FREE CASH FLOW BRIDGE AS OF JUNE 30, 2026 (acc. to IFRS in € million) 676.1 213.2 129.7 EBITDA H1 2026(1) -6.1 EBITDA AdTech (2) -278.8 Capex (net) -17.4 Tax -160.6 Working Capital & Others Free CF H1 2026 -83.5 Leasing Free CF AL H1 2026 H1 2026 H1 2025 644.2 105.8 25.1 EBITDA H1 2025(1) 32.6 EBITDA AdTech (2) -295.1 Capex (net) -51.2 Tax -224.7 Working Capital & Others Free CF H1 2025 -80.7 Leasing Free CF AL H1 2025 (1) Reported; H1 2025 incl. Energy (2) Discontinued operation
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26 H1 2026 Frankfurt/Main, August 6, 2026 GROUP: BALANCE SHEET AS OF JUNE 30, 2026 (I) (acc. to IFRS in € million) Key changes ▪ Current and non -current assets : + € 94.6 million ▪ PPE / intangible assets : + € 104.6 million (high investments in fiber optic and mobile network) ▪ Contract assets : + 39.5 million (high hardware requirements ) ▪ Income Tax claims : - € 62.3 million Assets 10,196.0 10,305.0 1,767.8 1,753.4 14.7 31.12.2025 14.0 30.06.2026 11,978.5 12,072.4 +93.9 Current assets Non -current assets Assets held for sale
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27 H1 2026 Frankfurt/Main, August 6, 2026 GROUP: BALANCE SHEET AS OF JUNE 30, 2026 (II) (acc. to IFRS in € million) Key changes ▪ Current and non -current liabilities : + € 90.7 million ▪ Trade accounts payable : - € 159.8 million ▪ Liabilities due to banks : + € 209.6 million to 3,454.4 million (€ 86.4 million dividend payment , € 84.0 million IONOS share buyback, € 283.6 million Capex) Net debt : € 3,398.4 million ( Leverage : 2.57 * EBITDA LTM) ▪ Other financial liabilities : + € 23.4 million (marketing and sales commissions ) ▪ Equity: + € 6.3 million ( equity ratio : - 0.2 PP to 43.4%) Liabilities and Equity 12.1 31.12.2025 9.0 30.06.2026 11,978.5 12,072.4 2,645.6 4,093.6 5,227.2 2,691.3 4,138.6 5,233.5 +93.9 Current liabilities Non -current liabilities Equity Liabilities associated with assets held for sale
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28 H1 2026 Frankfurt/Main, August 6, 2026 UNITED INTERNET AG Our success story continues!