Analyst and Investor Call Presentation - 3M 2022

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#1UNITED INTERNET AG Analyst and Investor Webcast – 3M Results 2022 - Montabaur, May 12, 2022 united internet#2KPIs 3M 2022 ■ 26.85 million customer contracts: +170,000 in the first 3 months 2022 Revenues and earnings figures (in € million) Revenues EBITDA (1) EBIT (1) EBT (1)(2) EPS (1)(2) (in €) EPS (12) before PPA (in €) 3M 2021 3M 2022 Change 1,392.2 1,443.7 +3.7% 311.9 329.2 +5.5% 196.0 209.4 +6.8% 195.7 192.4 -1.7% 0.58 0.55 -5.2% 0.68 0.65 -4.4% ■ EBITDA (1) and EBIT (1) operative 3M 2022 including: ■ € -8.3 million from 1&1 mobile network rollout expenses (prior year: € -7.2 million) ■ € -6.0 million from additional marketing activities to increase the IONOS brand awareness (1) EBITDA / EBIT / EBT operative w/o non-period € 34.4 million from revised Telefonica conditions in 2021 (EPS effect € 0.10 in Q1 2021) and w/o non-cash valuation effect from derivatives (€ +0.2 million in Q1 2021, € +0.8 million in Q1 2022) (2) incl. a worsened financial result (in particular due to the subsequent valuation of financial derivatives) and the worsened result from companies accounted at-equity (in particular as a result of the negative contribution to earnings from the Kublai investment (investment since Q2 2021, indirect holdings in Tele Columbus), which was not yet included in the comparative figures for Q1 2021) 2 Analyst and Investor Call Presentation - 3M 2022 May 12, 2022 united internet#3"ACCESS" IN 3M 2022 ■ CONSUMER ACCESS ■ BUSINESS ACCESS ■ CONSUMER APPLICATIONS BUSINESS APPLICATIONS 3 Analyst and Investor Call Presentation - 3M 2022 May 12, 2022 united internet#4CONSUMER ACCESS SEGMENT: CUSTOMER CONTRACTS (in million) 4 Mobile Internet | Broadband connections 16 15.43 15.49 +0.06 14 12 10 11.19 11.28 8 CO 6 4 2 4.24 4.21 0 31.12.2021 31.03.2022 Analyst and Investor Call Presentation - 3M 2022 ■ 15.49 million customer contracts (+60,000) ■11.28 million mobile internet contracts (+90,000) ■ 4.21 million broadband connections (-30,000) May 12, 2022 united internet#5CONSUMER ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) LO 5 Service revenues Hardware revenues 1,000 965.9 969.4 +3.5 (+0.4%) 762.2 789.1 500 203.7 180.3 0 3M 2021 3M 2022 Analyst and Investor Call Presentation - 3M 2022 ■ +0.4% revenues to € 969.4 million ■ +3.5% service revenues to € 789.1 million ■ -11.5% other revenues (in particular hardware revenues) to € 180.3 million May 12, 2022 united internet#6CONSUMER ACCESS (I): EBITDA (acc. to IFRS in € million) 200 100 187.9 +19.5 168.4 0 3M 20211 3M 2022 (1) excl. non-period € 34.4 million from revised Telefonica conditions in 2021 CO 6 Analyst and Investor Call Presentation - 3M 2022 (+11.6%) ■ +11.6% EBITDA from € 168.41 million to € 187.9 million ■ 19.4% EBITDA margin (prior year: 17.4%) May 12, 2022 united internet#7CONSUMER ACCESS (II): EBITDA OF THE TWO SUBSEGMENTS (acc. to IFRS in € million) EBITDA "Consumer Access" 196.2 200 175.6 +20.6 (+11.7%) 100 3M 20211 3M 2022 EBITDA "1&1 Mobilfunknetz" -10 -7.2 3M 2021 -8.3 3M 2022 (1) excl. non-period € 34.4 million from revised Telefonica conditions in 2021 7 Analyst and Investor Call Presentation - 3M 2022 "Access" ■ +11.7% EBITDA to € 196.2 million ■ 20.2% EBITDA margin (prior year: 18.2%) "1&1 Mobilfunknetz" ■ € -8.3 million EBITDA for 1&1 mobile network rollout expenses (prior year: € -7.2 million) May 12, 2022 united internet#8BUSINESS ACCESS SEGMENT: REVENUES (acc. to IFRS in € million) 150 100 8 50 50 128.3 128.4 +0.1 (+0.1%) 0 3M 2021 3M 2022 Analyst and Investor Call Presentation - 3M 2022 ■+0.1% revenues to € 128.4 million (prior year: € 128.3 million) prior year has a positive effect from higher voice. traffic revenues (Covid-19 impact) May 12, 2022 united internet#9BUSINESS ACCESS SEGMENT: EBITDA (acc. to IFRS in € million) 9 40 40 38.2 -1.6 36.6- (-4.2%) 30 30 20 20 10 0 3M 2021 3M 2022 Analyst and Investor Call Presentation - 3M 2022 ■ -4.2% EBITDA to € 36.6 million ■ € -1.6 million from a positive effect in the prior year due to higher voice traffic revenues (Covid-19 impact) ■ € -1.8 million start-up costs for the construction of the infrastructure for the 1&1 mobile network (in particular data centers and fiber connections) ■ 28.5% EBITDA margin (prior year: 29.8%) ■ Visible growth in segment revenues and EBITDA is expected for FY 2022 May 12, 2022 united internet#10"APPLICATIONS" IN 3M 2022 ■ CONSUMER ACCESS ■ CONSUMER APPLICATIONS ■ BUSINESS ACCESS ■ BUSINESS APPLICATIONS 10 Analyst and Investor Call Presentation - 3M 2022 May 12, 2022 united internet#11CONSUMER APPLICATIONS SEGMENT: ACCOUNTS (in million) 11 Free accounts Pay accounts 50 42.79 42.64 -0.15 40 40 30 30 20 20 10 40.32 40.15 2.47 2.49 0 31.12.2021 31.03.2022 Analyst and Investor Call Presentation - 3M 2022 ■ 42.64 million consumer accounts ■ 40.15 million free accounts (-170,000); which is a seasonal decline in free accounts ytd and an increase of 600,000 yoy ■ 2.49 million pay accounts (+20,000) ■ thereof 27.7 million with mobile usage (+/- 0) ■thereof 22.0 million with cloud storage (+200,000) May 12, 2022 united internet#12CONSUMER APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 80 60 60 40 20 20 12 70.2 +4.9 65.3 (+7.5%) ■ +7.5% revenues to € 70.2 million 0 3M 2021 3M 2022 Analyst and Investor Call Presentation - 3M 2022 May 12, 2022 united internet#13CONSUMER APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 30 30 20 20 10 13 26.7 25.7 +1.0 (+3.9%) ■ +3.9% EBITDA to € 26.7 million 0 3M 2021 3M 2022 Analyst and Investor Call Presentation - 3M 2022 ■ excl. a non-cash valuation effect from derivatives EBITDA effect: € +0.8 million (prior year: € +0.2 million) ■ 38.0% EBITDA margin (prior year: 39.7%) May 12, 2022 united internet#14BUSINESS APPLICATIONS SEGMENT: CUSTOMER CONTRACTS (in million) Abroad | Domestic 10 14 8.78 8.87 +0.09 8 4.52 4.58 CO 6 + 2 4.26 4.29 0 31.12.2021 31.03.2022 Analyst and Investor Call Presentation - 3M 2022 ■8.87 million customer contracts (+90,000) ■4.58 million abroad (+60,000) ■4.29 million domestic (+30,000) May 12, 2022 united internet#15BUSINESS APPLICATIONS SEGMENT: REVENUES (acc. to IFRS in € million) 350 280 210 140 70 70 256.2 300.1 +43.9 (+17.1%) 0 3M 2021 3M 2022 15 Analyst and Investor Call Presentation - 3M 2022 ■+17.1% revenues to € 300.1 million ■ Customer growth ■ Increased up- and cross-selling Strong aftermarket business growth (domain trading platform/parking at Sedo) ■+8.2% revenues w/o aftermarket business May 12, 2022 united internet#16BUSINESS APPLICATIONS SEGMENT: EBITDA (acc. to IFRS in € million) 100 80 60 60 60 40 40 ■incl. € 6.0 million additional marketing activities to increase the brand awareness ■ 27.7% EBITDA margin (prior year: 30.9%) 83.1 79.2 +3.9 ■ +4.9% EBITDA to € 83.1 million (+4.9%) 20 20 0 3M 2021 3M 2022 16 Analyst and Investor Call Presentation - 3M 2022 May 12, 2022 united internet#17KEY FINANCIAL KPIs 3M 2022 (contracts in million / financial KPIs acc. to IFRS in € million) Revenues EBITDA (1) Capex Free cash flow (2) Free cash flow operative (2)(3) 3M 2021 3M 2022 Change 1,392.2 1,443.7 +3.7% 311.9 329.2 +5.5% 63.7 82.3 +29.2% 43.9 -49.4 43.9 47.8 +8.9% 31.12.2021 31.03.2022 Change Fee-based customer contracts 26.68 26.85 +0.6% Ad-financed free accounts 40.32 40.15 -0.4% Net bank liabilities 1,712.6 1,762.5 +2.9% Equity ratio 50.9% 52.3% +1.4 Ppt. (1) EBITDA operative w/o non-period € 34.4 million from revised Telefonica conditions in 2021 and w/o non-cash valuation effect from derivatives (€ +0.2 million in Q1 2021, € +0.8 million in Q1 2022) (2) Free cash flow is defined as net cash provided by operating activities less capital expenditure on intangible assets and property, plant and equipment, plus cash inflows from the disposal of intangible assets and property, plant and equipment (excluding aperiodic tax payments). Free cash flow in 2021 and 2022 including the repayment portion of lease liabilities that have been reported in cash flow from financing activities since FY 2019 (3) w/o phasing effects from wholesale payments Q4 2021 in the amount of € 97.2 million 17 Analyst and Investor Call Presentation - 3M 2022 May 12, 2022 united internet#18GROUP: EBITDA / FREE CASHFLOW BRIDGE AS OF MARCH 31, 2022 (acc. to IFRS in € million) 330.0 -113.7 -79.9 -147.8 -11.4 -38.0 -49.4 EBITDA Taxes & interest Net Capex Q1 2022 Working Capital Free Cashflow Q1 2022 Leasing Free Cashflow Q1 2022 after leasing 18 Analyst and Investor Call Presentation - 3M 2022 97.2 Phasing wholesale payments Q4 2021 47.8 FCF operativ Q1 2022 May 12, 2022 united internet#19OUTLOOK 2022 19 Analyst and Investor Call Presentation 3M 2022 May 12, 2022 united internet#20OUTLOOK 2022 Full-year guidance confirmed ■ Revenues: approx. € 5.85 billion (2021: € 5.646 billion) ■ EBITDA: at prior years level (2021: € 1.259 billion), including approx. € -70 million start-up costs 1&1 mobile network (2021: € -37.9 million) approx. € -30 million for additional marketing activities at IONOS to further increase brand awareness in the most important European markets Capex: € 800 million to € 1 billion (2021: € 289.8 million), in particular for ■ construction of the 1&1 mobile network expansion of the fiber optic network of 1&1 Versatel to supply additional expansion areas and connect the antennas 20 20 Analyst and Investor Call Presentation - 3M 2022 May 12, 2022 united internet#21UNITED INTERNET AG Analyst and Investor Webcast – 3M Results 2022 - Montabaur, May 12, 2022 united internet

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