TeamViewer : PRESENTATION

Q2/H1 2022 Results

Investor/Analyst Presentation

03 August 2022

Important Notice

This presentation as well as any information communicated in connection therewith (the "Presentation") contains information regarding TeamViewer AG (the "Company") and its subsidiaries (the Company, together with its subsidiaries, "TeamViewer"). It is being provided for informational purposes only and should not be relied on for any purpose and may not be redistributed, reproduced, published, or passed on to any other person or used in whole or in part for any other purpose.

All stated figures are unaudited.

Certain statements in this presentation may constitute forward looking statements. These statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties, including, but not limited to, those risks and uncertainties described in TeamViewer's disclosures. You should not rely on these forward-looking statements as predictions of future events, and we undertake no obligation to update or revise these statements. Our actual results may differ materially and adversely from any forward-looking statements discussed in these statements due to several factors, including without limitation, risks from macroeconomic developments, external fraud, lack of innovation capabilities, inadequate data security and changes in competition levels.

The Company undertakes no obligation, and does not expect to publicly update, or publicly revise, any forward-looking statement, whether as a result of new information, future events or otherwise. All subsequent written and oral forward-looking statements attributable to it or to persons acting on its behalf are expressly qualified in their entirety by the cautionary statements referred to above and contained elsewhere in this Presentation.

This document contains certain alternative performance measures (collectively, "APMs") including billings and Adjusted EBITDA that are not required by, or presented in accordance with, IFRS, German GAAP or any other generally accepted accounting principles. TeamViewer presents APMs because they are used by management in monitoring, evaluating and managing its business and management believes these measures provide an enhanced understanding of TeamViewer's underlying results and related trends. The definitions of the APMs may not be comparable to other similarly titled measures of other companies and have limitations as analytical tools and should, therefore, not be considered in isolation or as a substitute for analysis of TeamViewer's operating results as reported under IFRS or German GAAP. APMs such as billings and Adjusted EBITDA are not measurements of TeamViewer's performance or liquidity under IFRS or German GAAP and should not be considered as alternatives to results for the period or any other performance measures derived in accordance with IFRS, German GAAP or any other generally accepted accounting principles or as alternatives to cash flow from operating, investing or financing activities.

TeamViewer has defined each of the following APMs as follows:

Billings represent the value (net) of goods and services invoiced to customers within a specific period and which constitute a contract as defined by IFRS 15.

"Adjusted EBITDA" is defined as operating income (EBIT) according to IFRS, plus depreciation and amortisation of tangible and intangible assets (EBITDA), adjusted for the change in deferred revenue recognised in profit or loss in the period under review and for certain business transactions (income and expenses) defined by the Management Board in agreement with the Supervisory Board. Business transactions to be adjusted relate to share-based compensation schemes and other material special items that are presented separately to show the underlying operating performance of the business.

"Adjusted EBITDA margin" means Adjusted EBITDA as a percentage of billings.

This document also includes further certain operational metrics, such as Net Retention Rate, and additional financial measures that are not required by, or presented in accordance with IFRS, German GAAP or any other generally accepted accounting principles (collectively, "other financial measures"). TeamViewer presents these operational metrics and other financial measures for information purposes and because they are used by the management for monitoring, evaluating and managing its business. The definitions of these operational metrics and other financial metrics may not be comparable to other similarly titled measures of other companies and have limitations as analytical tools and should, therefore, not be considered in isolation or as a substitute for analysis of TeamViewer's operating results, performance or liquidity as reported under IFRS or German GAAP.

TeamViewer has defined these operational metrics and other financial measures for information purposes as follows:

"Levered free cash flow" (FCFE) means net cash from operating activities less capital expenditure for property, plant and equipment and intangible assets (excl. M&A), payments for the capital element of lease liabilities and interest paid for borrowings and lease liabilities.

"Net leverage ratio" means the ratio of net financial liabilities (sum of interest-bearing loans and borrowings, current and non-current, less cash and cash equivalents) to Adjusted EBITDA (LTM).

The "net retention rate" (NRR LTM) is defined as recurring billings (subscription renewals, up-selling and cross-selling activities) in the previous twelve-month period that were attributable to existing subscribers (subscribers who were already subscribers in the previous twelve-month period), divided by the total recurring billings in the previous twelve-month period.

"Retained billings" are recurring billings (renewals, up-sell & cross-sell) to existing subscribers who were also subscribers in the previous twelve-month period. "New Billings" means recurring billings attributable to new subscribers.

"Non-recurring Billings" means all billings that do not recur such as professional services and hardware reselling.

2	Q2 2022 Results - Investor Presentation

Business Overview

Oliver Steil

Q2 and H1 2022 at a glance

Financials

		Q2 2022	H1 2022
Billings		€ 136m	€ 300m
(non-IFRS)		+12% | +7% cc1	+12% | +8% cc1
Revenue		€ 137m	€ 272m
(IFRS)		+12%	+13%
Adj. EBITDA		43%	47%
Margin (non-IFRS)		-4pp	-8pp

1At constant currencies

Key developments

• Double-digitbillings growth in Q2 with 12%, H1 billings growth at 12% yoy
• Q2 revenue up 12% yoy, H1 revenue up 13%
• Q2 adj. EBITDA margin of 43% and H1 adj. EBITDA margin of 47%, above expectations
• Improved SMB performance with billings up 10%, supported by resumption of monetization campaigns
• Enterprise billings up 21% in spite of increasingly challenging market environment
• Further optimized financing profile
• Overall macroeconomic uncertainty reflected in prolonged customer decision making and softer order intake

4	Q2 2022 Results - Investor Presentation

Strong growth in AMERICAS, particularly benefiting from FX tailwinds

AMERICAS

Q2 2022 Billings

€ 48m

+22% | +8% cc1

H1 2022 Billings

€ 101m

+20% | +9% cc1

EMEA

APAC

Q2 2022 Billings	Q2 2022 Billings
€ 69m	€ 19m
+8% | +8%cc	+4% | +1% cc1
H1 2022 Billings	H12022 Billings
€ 163m	€ 36m
+8% | +7% cc	+7% | +4% cc1

1 Q2 & H1 2021 figures adjusted by € 0.5m: billings from June 2021 related to a customer reclassed from APAC to AMERICAS

5	Q2 2022 Results - Investor Presentation