Singapore Post Ltd. · SGX:S08
Singapore Post — Q1 FY2003/04 Earnings Presentation
9 slides from Singapore Post's earnings presentation, Aug 5, 2003
Slide 1: Singapore Post Limited FY2003/04 First Quarter Financial Results
Singapore Post Limited FY2003/ 04 FIRST QUARTER FINANCIAL RESULTS 5th AUGUST 2003
Slide 2: Disclaimer
Disclaimer The following presentation contains forward looking statements by the management of Singapore Post Limited ("SingPost"), relating to financial trends for future periods, compared to the results for previous periods. Some of the statements contained in this presentation that are not histor
Slide 3: Table of Contents
Table of Contents ¾ First Quarter Highlights ¾ Summary of Group Results ¾ Overview of Segmental Results ¾ Domestic Mail Volume Analysis ¾ Group Operating Expenses ¾ Outlook CBK-FY03/04-Q1.ppt 2
Slide 4: First Quarter Highlights
First Quarter Highlights Performance impacted by SARS outbreak and economic downturn Observed positive signs in month of June Revenue resilient despite difficult macro-environment Cost management remains in focus Net finance cost increased due to new capital structure High confidence of $80m dividen
Slide 5: Summary of Group Results
Summary of Group Results S$’ Million Q1 FY2003/04 Q1 FY2002/03 Growth % Operating Revenue 89.0 92.5 (3.7) Operating Expenses (61.1) (64.2) (4.8) Contributions from associated and joint 1.9 2.3 (17.6) venture companies EBIT 33.7 35.8 (5.8) Net finance income/ (cost) (1.8) 0.4 N.M. Profit Attributable
Slide 6: Overview of Segmental Results
Overview of Segmental Results Operating Revenue Operating Profit Retail Others Others 5.9% 1.8% Retail 8.8% Logistics 4.6% 13.8% Logistics 5.4% Mail Mail 81.2% 78.5% Mail remains our core business CBK-FY03/04-Q1.ppt 5
Slide 7: Domestic Mail Volume Analysis
Domestic Mail Volume Analysis Domestic Mail Volumes Million Items Q1 FY2003/04 Q1 FY2002/03 Growth % Public Mail 42.1 44.4 (5.2) Bulk Mail: - Government and Business Mail 52.9 55.5 (4.7) - Publications and Direct Mail 76.7 71.3 7.5 171.7 171.3 0.2 Total Publications and Direct Mail continue to drive
Slide 8: Group Operating Expenses
Group Operating Expenses S$’ million Q1 FY2003/04 Q1 FY2002/03 Growth % Staff Cost 18.8 19.4 (3.1) Depreciation 8.4 10.0 (15.7) Traffic Expenses 13.0 13.7 (4.6) Administrative Expenses 8.1 8.0 0.5 Selling and Promotion 1.9 1.5 26.3 Property Related Expenses 4.6 4.1 11.2 Other Operating Expenses 6.3
Slide 9: Outlook
Outlook With SARS under control, we expect business sentiments/ activities and consumer confidence to improve and our mail volumes to grow correspondingly. Barring unforeseen circumstances, we expect our second quarter results to be better than the first quarter. Confident that our expected financia