Slide 1: Q2 2023 Results
Q2 2023 RESULTS MELANIE KREIS, GROUP CFO DHL GROUP INVESTOR RELATIONS August 1st, 2023 1
Slide 2: Q2 2023 Highlights
Management comments: General market circumstances developed in line with expectations in H1 2023. As macro signals stay inconsistent, we reiterate our 3 potential macro scenarios for H2. Against this background, our measures proved effective to deliver a resilient H1 2023 Group EBIT of €3.3bn. On th
Slide 3: GDP+ Growth Supported by Megatrends
Management comments: Looking beyond the shorter-term macro discussions, DHL Group portfolio is geared for structural GDP+ growth, supported by the four megatrends targeted in Strategy 2025. Sustainability and digitalization see clear accelerating momentum across many aspects of life. We also expect
Slide 4: Digitalization and Gen AI
Management comments: Tech-driven automation is essential along the entire supply chain from warehouse robotics to IoT-enabled asset tracking and route optimization. We leverage data analytics and machine learning at scale to boost efficiency across all areas of our organization. Our vast experience
Slide 5: E-Commerce
Management comments: B2C volume development shows the resilience of the underlying e-commerce growth trend, again the first-ever wider economic downturn since start of the e-commerce boom. While Q2 2023 growth rates are below historic run rates, the improving growth pattern in most markets in Q2 und
Slide 6: B2B volumes: YoY trend stabilizing
Management comments: B2B volume decline rates continued to show moderating trends in Q2. It is again worth noting that the Express TDI B2B volume trend was much less volatile and more resilient vs. Forwarding volumes, as seen in previous cycles. Overall, B2B volumes in Q2 2023 are below Q2 2019 leve
Slide 7: Group EBIT, Q2 2023
Management comments: Even against expected normalizing freight market trends and weak macroeconomic environment, Group EBIT performance showed operational resilience across DHL divisions, helped by strong yield, cost and capacity discipline. Based on our H1 2023 Group EBIT of €3.3bn, we have increas
Slide 8: Continued resilient earnings and cash flow performance
Management comments: Group revenue yoy comparison mainly reflects the normalization of freight markets in Global Forwarding, Freight division. Resilient EBIT performance is supported by successful yield, cost and capacity measures. The increase in net finance costs again includes FX effects as well
Slide 9: 2023 expectations remain subject to macro development
Management comments: Overall market development was in line with our expectations in H1 with stabilization on lower levels, but no consistent recovery yet. As clear macroeconomic impulses are still to materialize, we reiterate our 3 potential scenarios for H2. Nevertheless, based on the good Group E
Slide 10: 2023 Group EBIT guidance increased; mid-term expectations confirmed
Management comments: As clear macroeconomic impulses are still to materialize, we reiterate our 3 potential scenarios for H2 (see previous page). However, taking into account the resilient H1 performance with a Group EBIT of €3.3bn, we increase the lower end of our 2023 Group EBIT guidance to €6.2bn
Slide 11: Conclusion
Management comments: DHL Group delivered resilient H1 2023 results, successfully navigating the expected macro circumstances. Based on the successful cost, capacity and yield measures reflected in H1 2023 performance, we have increased 2023 EBIT guidance for DHL Group. Beyond 2023, DHL Group is stro
Slide 12: DHL Express Leipzig Hub tour on Aug 30th 2023
DHL Express Leipzig Hub tour on Aug 30th 2023 Register here: Q2 2023 RESULTS | DHL GROUP INVESTOR RELATIONS | 1 AUGUST 2023 12 12
Slide 13: Appendices
Appendices Q2 2023 RESULTS | DHL GROUP INVESTOR RELATIONS | 1 AUGUST 2023 13 13
Slide 14: Express Q2 2023 Highlights
-4% yoy TDI Shipments/Day EXPRESS Q2 2023 Highlights -3% yoy TDI Weight/Shipment ▪ Volume stabilizing since March but no consistent recovery trend yet ▪ Strong yield and cost discipline: yearly General Price Increase (GPI) supported by flexible capacity management; yoy lower revenue/shipment mainly
Slide 15: Global Forwarding, Freight Q2 2023 Highlights
-13% yoy GLOBAL FORWARDING, Air Freight volume (export ton) FREIGHT Q2 2023 Highlights -9% yoy ▪ YoY decline rates in Air & Ocean volume reflecting sequentially Ocean Freight volume (TEU) stabilizing absolute volumes ▪ Continued rate normalization: GP/unit showing usual cushioning effect vs spot rat
Slide 16: Supply Chain Q2 2023 Highlights
+5% yoy Organic revenue SUPPLY CHAIN 6% Q2 2023 Highlights EBIT margin ▪ Resilient model with long-term contract features enabling to pass on inflation ▪ Benefiting from complex, diversified supply chains as customers look for resilience, automation and e-commerce capabilities 90%+ ▪ Accelerated Dig
Slide 17: eCommerce Q2 2023 Highlights
+4% yoy B2C Europe Volume ECOMMERCE 0% yoy Q2 2023 Highlights Revenue ▪ B2C volume proving resilient with return to (slight) volume growth post-pandemic, despite unfavorable macro environment ▪ Yield and cost management support margin, safeguarding sustainably higher profitability post-pandemic 5% ▪
Slide 18: Post & Parcel Germany Q2 2023 Highlights
-5% yoy Mail volumes/working day POST & PARCEL GERMANY +8% yoy Q2 2023 Highlights Parcel volumes/working day ▪ E-commerce volumes proving resilient with parcel volumes growing again despite cautious consumer behavior ▪ Mail decline and cost inflation key challenges given regulatory limitations on co