Missed connecting flight compensation

It is possible to miss the flight, even if  the first flight was only delayed for a short period of time. Even if the airline provides you with a new ticket and you arrive on the next flight, the total delay of your destination will be based on the same delay as if you were in a ordinary delayed situation.

For example; Your first flight for 1 hour and your second flight for 2 hours were  delayed, in that case you are entitled to compensation within the same rules as there is a total delay of 3 hours.

How much compensation are you entitled to?