TeamViewer : PRESENTATION

Q3/9M 2022 Results

Investor/Analyst Presentation

02 November 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 provided for information 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.

Forward looking statements

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 TeamViewer's 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. TeamViewer 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.

Alternative performance measures

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:

Billingsrepresent 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 EBITDAis defined as operating income (EBIT) according to IFRS, plus depreciation and amortization of tangible and intangible assets (EBITDA), adjusted for the change in deferred revenue recognized 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 marginmeans Adjusted EBITDA as a percentage of billings.

Operational metrics and other financial measures

This document also includes further certain operational metrics and additional financial measures for information purposes. They 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 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 ratiomeans 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).

Net retention rate or NRRis calculated as recurring billings (subscription renewals, up-selling and cross-selling activities) over the last twelve months attributable to retained subscribers (subscribers who were subscribers in the previous twelve-month period) divided by the total recurring billings from the previous twelve-month period. "Retained Billings" means recurring billings (renewals, up- and cross sell) attributable to retained subscribers who were subscribers in the previous twelve-month period.

Retained billingsmeans recurring billings (renewals, up-sell & cross-sell) attributable to retained subscribers who were also subscribers in LTM-1.New Billingsmeans recurring billings attributable to new subscribers.

Non-recurringBillingsmeans all billings that do not recur such as professional services and hardware reselling.

2	Q3 2022 Results - Investor Presentation

Business Overview

Oliver Steil (CEO)

Resilient business with good Q3 results

Good Q3 Billings of	Strong profitability and cash	Successful cross- and upsell
€144.6m with a +15%	conversion with highly accretive	campaigns & pricing measures
increase yoy	EPS development	prove quality of TMV core
		products

APAC region with signs of	Enterprise billings up 47% yoy	Increased momentum of
turnaround; robust +13%	and high-profile client wins	strategic tech partnership,
growth across EMEA	paralleled by strong NRR of	e.g., via joint sales events
	113%

Confirmation of FY 2022 guidance:

Billings at or around €630m, revenue of €565m-580m, adj. EBITDA margin at 45-47%

4	Q3 2022 Results - Investor Presentation

Q3 KPIs 2022 at a glance

Billings		+15% | +7% cc1
Growth (yoy)		€ 144.6m

Enterprise | SMB		18% | 82%
split		+|- 4pp yoy

Revenue		+12%
Growth (yoy)		€ 143.4m

NRR (LTM)		103%
	+7pp yoy

1At constant currencies

2 Levered free cash flow divided by (unadjusted) EBITDA

Adjusted

EBITDA

Adjusted

EBITDA Margin

Cash

Conversion2

Basic EPS (9M)

€60.1m

+42% yoy

42%

+8pp yoy

105%

+1pp yoy

0.23€

+112%

5	Q3 2022 Results - Investor Presentation