Ctt - Correios De Portugal Sa · EURONEXT:CTT

Ctt - Correios De Portugal Sa — CTT - Correios de Portugal — Q1 2026 Earnings Presentation

18 slides from Ctt - Correios De Portugal Sa's earnings presentation, May 6, 2026

  1. Slide 1: 1Q26 Results Presentation

    1Q26 RESULTS PRESENTATION 6 MAY 2026 1

  2. Slide 2: Disclaimer

    Disclaimer DISCLAIMER FORWARD-LOOKING STATEMENTS This document has been prepared by CTT – Correios de Portugal, S.A. (the “Company” or “CTT”) exclusively for This presentation contains forward-looking statements. All the statements herein which are not historical use during the presentation of the 1

  3. Slide 3: 1Q26 Operational Review

    1Q26 Operational Review 1Q26 RESULTS PRESENTATION 3 3

  4. Slide 4: Resilient growth while profitability affected by conjunctural events

    Resilient growth while profitability affected by conjunctural events Overview Revenues1,2 Recurring EBIT1,2 Cacesa1 Reported € million; % change y.o.y. € million; % change y.o.y. Healthy revenue growth in 1Q26 ✓ CEP volumes up 14% y.o.y and accelerating ✓ Resilient e-commerce revenues +4.3% -35.3% ✓

  5. Slide 5: Growth of e-commerce volumes remains strong

    Growth of e-commerce volumes remains strong e-commerce Solutions E-commerce Solutions Volumes y.o.y. growth Million items 15.0% 14.3% 28.6% 15.3% 19.7% 11.3% 7.5% 8.9% 14.2 13.7 8.0% 11.9 13.5 48.5 39.6 Jan Feb Mar Apr 38.2 34.7 35.5 Volumes 1Q25 2Q25 3Q25 4Q25 1Q26 Iberian e-commerce structural opp

  6. Slide 6: e-commerce Solutions revenue growth remained solid in 1Q26

    e-commerce Solutions revenue growth remained solid in 1Q26… E-commerce Solutions e-commerce Solutions Revenues CEP Revenues e-commerce Solutions Recurring EBIT € million; % change y.o.y. € million; % change y.o.y. € million; % change y.o.y. Margin, reported Cacesa1 Reported Apr’26: Profitability 5.8

  7. Slide 7: In 1Q26, public debt placements were impacted by lower footfall in stores

    In 1Q26, public debt placements were impacted by lower footfall in stores… Mail & Services Public debt placements Healthcare plans Monthly average # thousand users € million +11% +90% 54.5 +23.0% 49.2 -39.6% 564 480 390 385 378 Ø 423.3 25.8 +41% 341 1Q25 2Q25 3Q25 4Q25 1Q26 Apr26 2024 2025 1Q26 … wh

  8. Slide 8: Recurring EBIT in Mail & Services reflecting lower revenues from savings placements

    EBIT recurring in Mail & Services reflecting lower revenues from savings placements Mail & Services Mail & Services Revenues Mail & Services Recurring EBIT € million; % change y.o.y. € million; % change y.o.y. Adressed mail volumes (in y.o.y. EBIT Margin: million objects): 91.2 84.5 -7.4% 6.0% 3.3%

  9. Slide 9: Banco CTT is accelerating sequential volume growth

    Banco CTT is accelerating sequential volume growth... Banco CTT BCTT Business volumes BCTT banking revenues BCTT Recurring EBIT € million; % change y.o.y. € million; % change y.o.y. € million; % change y.o.y. y.o.y. Current Accounts1: NIM: ROTE2: 687.8 711.8 +3.5% 2.1% 2.2% 12.9% 12.6% +13.8% +8.8%

  10. Slide 10: 1Q26 Financial Review

    1Q26 Financial Review 1Q26 RESULTS PRESENTATION 10 10

  11. Slide 11: 1Q26 marked by resilient revenue growth and conjunctural pressure on margins

    1Q26 marked by resilient revenue growth and conjunctural pressure on margins Financial Review Key financial indicators € million; % change vs. prior year Quarter 1Q25 1Q26 y.o.y Revenues1 288.5 329.4 +14.1% Operating costs - EBITDA2 248.7 292.6 +17.7% EBITDA2 39.9 36.7 -7.9% Depreciation & amortisat

  12. Slide 12: Revenue growth pulled by a solid performance of e-commerce Solutions

    Revenue growth pulled by a solid performance of e-commerce Solutions Financial Review Revenues1 Revenue1 breakdown € million; %y.o.y. € million; %y.o.y.; % of total +4.3% 1Q26 15.1 3.0 329.4 % of 315.8 -4.5 11.1% total e-commerce +14.1% Solutions 27.2 49.8% 164.2 (+34.8%) 288.5 Mail & Services3 329.

  13. Slide 13: Evolution of costs driven mainly by temporary e-commerce capacity challenges

    Evolution of costs driven mainly by temporary e-commerce capacity challenges Financial Review Operating costs1 € million; % change vs. prior year +7.5% 19.8 2.9 314.0 -0.8 21.4 292.1 292.6 +17.0% 23.7 268.3 248.7 19.7 1Q25 Op. 1Q25 D&A 1Q25 Op. CACESA PF2 1Q25 Op. ∆ e- ∆ Mail & ∆ Bank 1Q26 Op. 1Q26

  14. Slide 14: 1Q26 EBIT compression due to isolated events with early signs of recovery

    1Q26 EBIT compression due to isolated events with early signs of recovery Financial Review Recurring EBIT1 Recurring EBIT1 breakdown € million; % change vs. prior year € million; % change vs. prior year; % of total Margin: 7.0% 7.5% 4.7% 1Q26 -35.3% 23.7 -4.7 % of 20.2 3.5 total -3.7 34.3% e-commerc

  15. Slide 15: Leverage ratio at 2.2x in 1Q26, significantly below self-imposed ceiling

    Leverage ratio at 2.2x in 1Q26, significantly below self-imposed ceiling Financial Review 1Q26 Cash flow Evolution of net debt EBITDA and leverage € million; with Banco CTT under equity method € million; with Banco CTT under equity method € million; with Banco CTT under equity method impact on cash

  16. Slide 16: Outlook & Final Remarks

    Outlook & Final Remarks 1Q26 RESULTS PRESENTATION 16 16

  17. Slide 17: We will deliver future growth by building upon our strategic foundations

    We will deliver future growth by building upon our strategic foundations Final Remarks 1Q26 wrap-up: known headwinds, limited duration • Revenue growth resilient, driven by e-commerce Solutions • Margins affected by specific events (volume volatility, peak spill-over, weather) • Trading improving in

  18. Slide 18: Investor Relations

    Investor Relations Phone: +351 210 471 087 E-mail: investors@ctt.pt ctt.pt 1Q26 RESULTS PRESENTATION 6 MAY 2026 18 18

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