Investor Presentaiton
Non-IFRS adjustments in EBITDA
Deferred revenue adjustments
Other non-IFRS adjustments
€m
Q4 20
Q419
FY20
FY19
€m
Q4 20 Q419
FY 20
FY19
Billings
128.1
100.6
460.3
324.9
Total IFRS 2 charges
(14.8)
(9.7)
(48.9)
(36.8)
TeamViewer LTIP
(0.6)
(1.6)
Perpetual def. revenue
6.5
28.7
46.2
124.5
Release/(Addition)
Ubimax share consideration
(7.2)
(10.5)
Share-based compensation by TLO
(6.9)
(9.7)
(36.8)
(36.8)
Subscription def. revenue
(13.9)
(21.3)
Release/(Addition)
(48.5)
(56.7)
Other material items
(2.3)
(5.1)
(5.7)
(21.0)
Financing, M&A, transaction-related
(0.8)
(0.0)
(1.8)
(0.6)
Unallocated def. revenue
0.2
Release/(Addition)
(1.1)
(2.3)
(2.6)
IPO related
(0.8)
0.0
(10.8)
Other
(1.5)
(4.2)
(3.9)
(9.6)
Revenue
121.0
106.9
455.6
390.2
USD hedge valuation gain/loss
1.9
3.0
Perpetual deferred revenue now largely released with €2.7m remaining on
balance sheet (see next page)
Total
(15.1)
(14.8) (51.6)
(57.9)
•
Unallocated deferred revenue mainly consists of undue billings not
recognized as receivables under IFRS 15
•
TeamViewer cash-settled LTIP includes executive and key employee grants
Ubimax share consideration recognized under IFRS 2 due to vesting
condition with respect to continued employment of management
Share-based compensation by TigerLux One (TLO) are fully funded by the
selling shareholder in the IPO
26
Q4/ FY 2020 Preliminary Results (unaudited) - Investor Presentation
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