Posti Group Oyj · OMXHEX:POSTI
Posti Group Oyj — Q3 2022 Earnings Presentation
20 slides from Posti Group Oyj's earnings presentation, Oct 26, 2022
Slide 1: Posti Group: Net sales increased across all segments
Posti Group: Net sales increased across all segments Group profitability in third quarter improved from last year January-September 2022
Slide 2: Responsibly delivering what matters to you – on your terms
Responsibly delivering what matters to you – on your terms 2
Slide 3: Posti in figures 7-9/2022
Group’s net sales, EUR million and change, % Posti in figures 7-9/2022 2 000 -0.6% 2.5% 1,555.4 1,595.0 1 500 4.1% 1,198.0 Net Sales 1 000 1.9% 374.8 5.6% 395.6 EUR 395.6 million 500 (EUR 374.8 million*) 0 Adjusted EBITDA 2020* 2021* 2022 Q1-Q3 Group’s adjusted EBITDA, EUR million EUR 44.3 million a
Slide 4: Q3 financial highlights – net sales and profitability increased
Q3 financial highlights– net sales and profitability increased • Net sales grew by 5.6% to EUR 395.6 (374.8) million. • Adjusted EBITDA increased to EUR 44.3 (42.6) million, or 11.2% (11.4%) of net sales. • EBITDA increased to EUR 43.7 (42.0) million, or 11.0% (11.2%) of net sales. • Adjusted operat
Slide 5: Q3 operational highlights
Q3 operational highlights • Despite very challenging operating environment, net sales grew across all segments. Growth was organic but supported by acquisitions and price increases • Group profitability increased • eCommerce and Delivery Services profitability increased significantly, albeit parcel
Slide 6: Parcel volumes declined, postal volumes increased exceptionally in Q3
Parcel volumes declined Postal volumes increased exceptionally in Q3 Parcel volumes (million units) in Finland and in the Baltics and change, % -6% Parcel volumes in 25 2021 2022 Finland and Baltics 7-9 /2022 20.7 20 17.2 17.1 16.1 16.0 16.1 16.1 -10% 15 Freight volumes* 7-9/2022 * Measured in waybi
Slide 7: eCommerce and Delivery, and Fulfillment and Logistics represented 64.6% of net sales
eCommerce and Delivery, and Fulfillment and Logistics Services represented 64.6% (64.2%) of the Group’s net sales in Q3* Fulfillment and Logistics 22% (20%) Postal Services 35% (36%) eCommerce and Delivery 43% (44%) 7 *external net sales, continuing operations
Slide 8: Addressed letter volumes continued to decrease in general
Addressed letter volumes continued to decrease in general Posti’s volumes increased exceptionally by 5% in Q3 Addressed letter volumes (million units) and change, % 150 10% 134 • Exceptional increase was due to new volumes 129 124 122 5% 116 from the acquired Keskisuomalainen Oyj’s 5% 107 -5% 0% ear
Slide 9: Financials
Financials 9
Slide 10: Posti Group's Q3 net sales
Posti Group’s Q3 net sales Net sales grew by 5.6% to EUR 395.6 (374.8) million Group’s net sales, continuing operations, 2022 Q3 vs 2021 Q3 change of net sales by segment, EUR million and change, % continuing operations, EUR million 500 2021 2022 444.2 0.6 450 5.9 411.3 384.3 391.1 391.6 395.6 400 3
Slide 11: Posti Group's Q3 adjusted EBITDA
Posti Group’s Q3 adjusted EBITDA Adjusted EBITDA increased to EUR 44.3 (42.6) million Group’s adjusted EBITDA, continuing operations, 2022 Q3 vs 2021 Q3 adjusted EBITDA change by segment, EUR million and as a percent of net sales continuing operations, EUR million 2021 2022 60 11.3% 0.8 -2.5 11.6% 5
Slide 12: Posti Group's key figures
Posti Group’s key figures 7-9 2022 % 7-9 2021 % 1-9 2022 % 1-9 2021 % Net sales*, EUR million 395.6 374.8 1,198.0 1,150.8 Adjusted EBITDA*, EUR million 44.3 11.2% 42.6 11.4% 120.3 10.0% 131.3 11.4% EBITDA*, EUR million 43.7 11.0% 42.0 11.2% 117.0 9.8% 130.4 11.3% Adjusted operating result*, EUR mill
Slide 13: Outlook and long-term financial targets
Outlook and long-term financial targets 13
Slide 14: Outlook 2022 unchanged
Outlook 2022 unchanged In 2022, Posti is expecting its net sales to increase from the previous year. The Group’s adjusted EBITDA in 2022 is expected to decrease. Posti’s net sales from continuing operations in 2021 were EUR 1,595.0 million and adjusted EBITDA was EUR 181.6 million. The potential con
Slide 15: Long term financial targets
Long term financial targets Continuously increasing ordinary dividend, Adjusted EBITDA 13% but not exceeding annual net profit 12 11.2 11.4 60 10.0 Dividends from year's result 9.7 % 10 EUR million 7.1 40 8 13.0 6 20 4 27.0 28.4 29.8 31.3 32.0 2 0 0 2017 2018 2019 2020 2021 2018* 2019 2020** 2021**
Slide 16: Segments
Segments 16
Slide 17: eCommerce and Delivery Services key figures in Q3
eCommerce and Delivery Services key figures in Q3 EUR million 7-9 2022 7-9 2021 1-9 2022 1-9 2021 • The net sales increased by 3.6% to EUR 171.0 million Net sales 171.0 165.0 508.1 496.3 • Increased net sales of transportation services were Net sales change, % 3.6% 6.2% 2.4% 6.6% mainly driven by in
Slide 18: Fulfillment and Logistics Services key figures in Q3
Fulfillment and Logistics Services key figures in Q3 EUR million 7-9 2022 7-9 2021 1-9 2022 1-9 2021 • Net sales increased by 10.3% and were EUR 89.8 million Net sales 89.8 81.4 270.8 238.2 • The growth of Transval’s net sales was mainly due to Transval 57.0 55.5 171.3 160.8 increased volumes of new
Slide 19: Postal Services key figures in Q3
Postal Services key figures in Q3 EUR million 7-9 2022 7-9 2021 1-9 2022 1-9 2021 • The net sales of Postal Services increased by 4.4% to EUR 141.2 Net sales 141.2 135.3 437.8 435.5 million Net sales change, % 4.4% -5.7% 0.5% -6.6% • Increase was driven by the price increases and acquisition of Medi
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