\n<\/p>\n
TeamViewer is a leading global technology company About Mercedes-AMG Petronas Formula One Team <\/b><\/p>\n The Mercedes-AMG Petronas F1 Team is the works About Mercedes EQ Formula E Team<\/b><\/p>\n Motorsport has been a core element of \u00a0<\/p>\n IMPORTANT NOTICE <\/b> Alternative performance measures (APMs)<\/b> TeamViewer has defined each of the following APMs
\nthat provides a connectivity platform to remotely access, control, manage,
\nmonitor, and repair devices of any kind – from laptops and mobile phones to
\nindustrial machines and robots. Although TeamViewer is free of charge for
\nprivate use, it has more than 550,000 subscribers and enables companies of all
\nsizes and from all industries to digitalize their business-critical processes
\nthrough seamless connectivity. Against the backdrop of global megatrends like
\ndevice proliferation, automation and new work, TeamViewer proactively shapes
\ndigital transformation and continuously innovates in the fields of Augmented
\nReality, Internet of Things or Artificial Intelligence. Since the company’s
\nfoundation in 2005, TeamViewer’s software has been installed on more than 2.5
\nbillion devices around the world. The company is headquartered in Goppingen,
\nGermany, and employs more than 1,300 people globally. In 2020, TeamViewer
\nachieved billings of EUR 460m. TeamViewer AG (TMV) is listed at Frankfurt Stock
\nExchange and belongs to the MDAX. Further information can be found at www.teamviewer.com<\/a>.<\/p>\n
\nFormula One Team of Mercedes-Benz, competing in the FIA Formula One(TM) World
\nChampionship – the pinnacle of world motorsport and the largest annual sporting
\nseries in the world. Based at two world-class technology campuses in the UK,
\nthe team designs, develops, manufactures and races the race cars and Hybrid
\nPower Units driven by seven-time World Champion Lewis Hamilton and race-winning
\nteam-mate Valtteri Bottas. Formula One is a uniquely demanding technical and
\nhuman challenge, requiring the right alchemy of cutting-edge technologies,
\nhigh-performance management and elite teamwork to deliver results at 23 Grands
\nPrix around the globe in a race season running from March to December. The
\nMercedes-AMG Petronas F1 team set new benchmarks for F1(TM) success on its way
\nto winning the Constructors’ and Drivers’ World Championships in 2014, 2015,
\n2016, 2017, 2018, 2019 and 2020. During those seven Championship-winning
\nseasons, the team scored 100 wins, 200 podiums, 107 pole positions, 70 fastest
\nlaps and 53 one-two finishes from 134 race starts.<\/p>\n
\nMercedes-Benz for more than 125 years. The first vehicle to bear the
\nMercedes-Benz name was a racing car. In 2019, Mercedes-Benz added a new chapter
\nin its long and successful motorsport history: For the first time, two electric racing cars
\nfrom the new Mercedes-EQ Formula E Team are entering the racetrack. The ABB FIA
\nFormula E World Championship is the ideal platform to demonstrate the
\nperformance of the Mercedes-EQ battery-powered electric vehicles, offering a
\ncompletely new kind of experience, which combines racing with a unique event
\ncharacter. The team celebrated the first ever fully-electric race win for
\nMercedes-Benz and ended their debut season in Formula E in third place in the
\nteam championship. The Mercedes-EQ Formula E team benefits from the brand’s
\nmany years of experience in motorsport and its technical know-how throughout
\nthe entire Mercedes-Benz Motorsport-Family. By competing in two racing series –
\nFormula 1 and Formula E – in parallel, Mercedes transfer the lessons from both
\nto its road vehicle development. The two platforms combined will constitute a
\nmajor technology driver for the entire Mercedes-Benz family and help to shape
\nthe future of the automobile.<\/p>\n
Certain statements in this communication may constitute forward looking
\nstatements. These statements are based on assumptions that are believed to be
\nreasonable at the time they are made, and are subject to significant risks and
\nuncertainties, including, but not limited to, those risks and uncertainties
\ndescribed in TeamViewer’s disclosures. You should not rely on these
\nforward-looking statements as predictions of future events and we undertake no
\nobligation to update or revise these statements. Our actual results may differ
\nmaterially and adversely from any forward-looking statements discussed in these
\nstatements due to several factors, including without limitation, risks from
\nmacroeconomic developments, external fraud, lack of innovation capabilities,
\ninadequate data security and changes in competition levels.<\/p>\n
This document contains certain alternative performance measures (collectively,
\n“APMs”) including billings and Adjusted EBITDA that are not required
\nby, or presented in accordance with, IFRS, German GAAP or any other generally
\naccepted accounting principles. TeamViewer presents APMs because they are used
\nby management in monitoring, evaluating and managing its business and
\nmanagement believes these measures provide an enhanced understanding of
\nTeamViewer’s underlying results and related trends. The definitions of the APMs
\nmay not be comparable to other similarly titled measures of other companies and
\nhave limitations as analytical tools and should, therefore, not be considered
\nin isolation or as a substitute for analysis of TeamViewer’s operating results
\nas reported under IFRS or German GAAP. APMs such as billings and Adjusted
\nEBITDA are not measurements of TeamViewer’s performance or liquidity under IFRS
\nor German GAAP and should not be considered as alternatives to results for the
\nperiod or any other performance measures derived in accordance with IFRS,
\nGerman GAAP or any other generally accepted accounting principles or as
\nalternatives to cash flow from operating, investing or financing activities.<\/p>\n
\nas follows:
“Billings” represent the (net) value of goods and services invoiced
\nto customers in a given period whose realization is probable – it is defined as
\nrevenue adjusted for change in deferred revenue P&L-effective;
\n“Adjusted EBITDA” means EBITDA, adjusted for P&L-effective
\nchanges in deferred revenue as well as for certain special items relating to
\nshare based compensations and other material items that are not reflective of
\nthe operating performance of the business;
“Adjusted EBITDA margin” means Adjusted EBITDA as a percentage of
\nbillings.<\/p>\n