Ctt - Correios De Portugal Sa · EURONEXT:CTT
Ctt - Correios De Portugal Sa — CTT - Correios de Portugal — Non-Deal Roadshow (November 2024)
22 slides from Ctt - Correios De Portugal Sa's roadshow presentation, Nov 4, 2024
Slide 1: S ° = ~ S © ° ~ © LL
S ° = ~ S © ° ~ © LL
Slide 2: Disclaimer
Disclaimer DISCLAIMER This documenthas been prepared by CTT - Correios de Portugal, S.A. (the "Company" or"CTT") exclusively for use during the fall roadshow investormeetings. Asa consequence thereof, this documentmay not be disclosed or published, nor used by any other person or entity, for any oth
Slide 3: Equity story in brief
Equity story in brief
Slide 4: Strategy by business unit
Our positioning: a company in transformation, exposed to sustained growth Strategy review Leveraging strategic assets… … as a highly synergic platform • brand • shared by bank, FS, mail parcels • sales force universal access to B2B • Mail workforce delivering E&P • last-mile distribution network • I
Slide 5: E&P is increasingly contributing to topline and margin
E&P is increasingly contributing to topline and margin Strategy review 101 74 72 53 38 2019 2020 2021 2022 2023 Successful transformation with growth
Slide 6: CTT is transforming itself in a leading e-commerce logistics player in Iberia
CTT is transforming itself in a leading e-commerce logistics player in Iberia Express & Parcels Iberia is the 4th largest e-commerce CTT is the fastest growing player in Iberia market in Europe1 € billion 100% D+1 full geographical coverage >100M in Iberia 50% items per year (FY23) Spanish customers
Slide 7: Given low penetration, Iberian e-commerce market has significant potential
Given low penetration, Iberian e-commerce market has significant potential Express & Parcels Portugal Romania Italy average of France top 5 excluding Slovenia +11% outliers +13% -9% Greece China and +39% +4% Spain South Korea +7% +16% Lithuania Sweden +12% Germany Poland Czech Republic Australia Bel
Slide 8: Continued volume growth in E&P Iberia
Continued volume growth in E&P Iberia Express & Parcels High quality and efficiency +39.4% • y.o.y in FY23 Adding new services • • • Onboarding of relevant new customers & increasing volumes from existing customers • • CTT is capturing market share 1Clients with daily volumes below 20,000 items 2E-c
Slide 9: Growth is driving scale and margin expansion
Growth is driving scale and margin expansion Express & Parcels 8.7% 7.0% 6.9% 7.4% 6.8% 5.6% 1.0% Volume growth underpinning operational leverage
Slide 10: CTT is a growth company driven by rising e-commerce trend
CTT is a growth company driven by rising e-commerce trend 985 88 +7.5% +34% +7.4% 30 66 188 +33% 29 51 740 85 15 43 15 2019 Mail & Financial Banco CTT E&P 2023 2019 Mail & Financial Banco CTT E&P 2023 Other Services Other Services
Slide 11: Steady growth towards medium-term targets
Steady growth towards medium-term targets Bank
Slide 12: Improved client engagement by BCTT driving resources
Improved client engagement by BCTT driving resources Bank • • • 1Retail Deposits, consolidated accounts; 2Net of impairments; 3Consolidated contribution; 4Cumulative; 5Deposits and deposit-like instruments; information from Banco de Portugal
Slide 13: Record RoTE in Banco CTT, in line with CMD22 targets
Record RoTE in Banco CTT, in line with CMD22 targets Bank ∆ ∆ ∆ 1Cumulative; 2Recurring RoTE, cumulative, excluding specific items and normalized assuming a tangible equity of 15% of average RWAs, compatible with the CMD 2022 targets; Under the current capital structure the RoTE is 9.6% for 9M24. 3B
Slide 14: Market share gain in customer deposits
Market share gain in customer deposits 1Includes € 274.6 million of debt securities/securitisation; 2Includes € 194.7 million of average tangible equity; 3Excludes deposits from intragroup companies; 4Cumulative, consolidated
Slide 15: Banco CTT capital position to be further strengthen with Generali capital call
Banco CTT capital position to be further strengthen with Generali capital call 1Provisional, includes 9M24 net income. CET1: Common Equity Tier 1. TCR: Total Capital Ratio. In the case of Banco CTT both ratios, as at the end of FY23 and 9M24, were the same; 2CET1 requirements of 4.50% Pillar 1 + 1.6
Slide 16: Portfolio transformed to embrace growth, with increasing e-commerce exposure
Portfolio transformed to embrace growth, with increasing e-commerce exposure Banco CTT E&P FS&R Mail & Other
Slide 17: Prudent gearing and high balance sheet flexibility enable significant expansion buffer
Prudent gearing and high balance sheet flexibility enable significant expansion buffer 1Includes Payshop, which was previously part of Banco CTT
Slide 18: Capital allocation priorities
Capital allocation priorities Outook 2024-25 ✓ ✓ ✓ ✓ ✓ 1For detailed information on CTT’s Financial Policy, including its shareholder’s remuneration principles, please refer to CTT’s investor relations website and to the announcement disclosed on 23 June 2022; 2Yield calculated taking as a reference
Slide 19: To support our growth, we will continue to invest in our business
To support our growth, we will continue to invest in our business Outlook 2024-25 Key areas of investment sorting capacity Investing in IT quality of service Revamp hubs upgrade core digital channels 1Transformational includes Express & Parcels, Financial Services & Retail, Banco CTT and Business So
Slide 20: Reiterating guidance based on strong outlook for 4Q24
Reiterating guidance based on strong outlook for 4Q24 Outlook
Slide 21: Key Messages
Key Messages • • • • • • • • • • • • • •
Slide 22: Investor Relations
Investor Relations Phone: +351 210 471 087 E-mail: investors@ctt.pt ctt.pt
CTT - Correios de Portugal — Non-Deal Roadshow (November 2024) on 6ix