1&1 confirms forecast 2022 after the end of the first 9 months

• Customer contracts: + 220,000 to 15.65 million 
• Revenue: + 1.7 percent to €2,950 million, thereof €2,387 million service revenues (+ 2.2 percent)
• EBITDA:  + 7.1 % to €549.0 million (excluding income relating to other periods in 9M 2021)
• Earnings per share: + 7.0 percent to €1.68 (excluding income relating to other periods in 9M 2021)
• Forecast 2022 confirmed

Montabaur, November 10, 2022 – in the first nine months of 2022, 1&1 AG (ISIN DE 0005545503) was able to increase the number of its customer contracts by 220,000 to 15.65 million. This growth was based on 330,000 Mobile Internet contracts (+480,000 operational growth less around 150,000 contracts due to TKG effect), which reflects an increase to 11.52 million at the end of the first nine months of 2022. At the same time the number of broadband lines decreased by 110,000 contracts (-30,000 operational and around -80,000 contracts due to TKG effect) to 4.13 million.

In the first nine months of 2022, revenue rose by 1.7 percent to €2,950.3 million (9M 2021: €2,902.1 million). In this context, high-value service revenue increased by 2.2 percent to €2,386.7 million (9M 2021: €2,335.8 million).

Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 7.1 percent to €549.0 million (9M 2021: €512.6 million, excluding income relating to other periods).

EBITDA includes -€26.8 million in costs for the 1&1 mobile network roll-out (9M 2021: -€24.5 million).

Earnings per share (EPS) increased by 7.0 percent to €1.68 (9M 2021: €1.57 excluding income relating to other periods).

Forecast

The company confirms its forecast for the 2022 financial year, which was updated on 30 September, and continues to expect an increase in service revenue to ca. €3.2 billion (2021: €3.1 billion) and the operating EBITDA to ca. €690 million (2021: €671.9 million). This forecast continues to include costs for the 1&1 mobile network rollout of ca. -€60 million (2021: -€38 million). The number of customer contracts is expected to grow by around 350,000. For 2022, an investment volume (Cash-Capex) of approximately €250 million is expected, primarily for the new 1&1 mobile network (antennas, computers, software etc.).

Performance indicators pursuant to IFRS — comparison 9M 2021 vs. 9M 2022

* 9M 2021 excluding €39.4 million in non-period income due to retroactive price adjustment for MBA MVNO services, effect on EPS amounted to €0.15

This quarterly statement will be made available on the Company’s home page on November 10, 2022.

https://www.1und1.ag/investor-relations-en#e-tabs-id-presentationswebcasts

Montabaur, 10 November 2022

1&1 AG

The Management Board

About 1&1 AG

1&1 AG is a listed telecommunications provider, headquartered in Montabaur. The company is part of the United Internet AG group. 1&1 offers its customers a comprehensive portfolio of wireless services and broadband access. It also offers attractive bundled products comprising mobile and fixed-network services, as well as value-added applications such as home networking, online storage, video-on-demand, smart home solutions and IPTV. While the brand 1&1 addresses value and premium segments, the Group's discount brands appeal to price-conscious target groups.

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