Slide 1: Austrian Post Investor Presentation Q1-3 2024
AUSTRIAN POST Investor Presentation Q1-3 2024 Walter Oblin, CEO Vienna, 5 November 2024 INVESTOR PRESENTATION Investor Relations Vienna, 5 November 2024
Slide 2: The New Management Board
THE NEW MANAGEMENT BOARD Peter Walter Barbara Umundum Oblin Potisk-Eibensteiner INVESTOR PRESENTATION Investor Relations Vienna, 5 November 2024 2
Slide 3: Austrian Post at a Glance
AUSTRIAN POST AT A GLANCE Revenue mix Q1-3 2024 Mail Parcel & Logistics Retail & Bank – Letter Mail – Parcels & Express – Branch & Financial Branch & – Direct Mail – Fulfilment & Services Financial Services – Newspapers & Cash Transport – Customer Services Letter Mail & Magazines – E-Commerce Servic
Slide 4: Strong International Footprint
STRONG INTERNATIONAL FOOTPRINT We have presence with networks in countries with around 150 million citizens Locations with own logistics network Additional locations INVESTOR PRESENTATION Investor Relations Vienna, 5 November 2024 4
Slide 5: Economic Conditions Remain Challenging
ECONOMIC CONDITIONS REMAIN CHALLENGING Moderate economic growth, Türkiye: Market environment Changes in the retail landscape falling inflation characterised by inflation and FX rate Austrian real GDP FX rate Year-on-year change (%) TRY in EUR – year-on-year change (%) +1.0% Consolidation in stationa
Slide 6: Q1-3 2024: Revenue Increase in All Divisions
Q1-3 2024: REVENUE INCREASE IN ALL DIVISIONS Revenue development EUR m +13.6% (+10.7% excl. Parcel Türkiye) Retail & Bank – Interest rate environment and customer ramp-up had a positive impact 2,237.6 on revenue 146.0 1,969.3 +23.1% Q3 – Income from Financial Services of EUR 115.2m (+28.8%) +19.7% 1
Slide 7: Group Earnings Up by 11% in Q1-3 2024
GROUP EARNINGS UP BY 11% IN Q1-3 2024 EBIT development EUR m Mail – Pricing effects and elections sufficiently offset volume decline +10.7% – Q3 +31.5% to EUR 32.2m | Q1-3 +12.8% to EUR 115.2m 144.7 130.8 +4.1 -1.9 -1.3 Parcel & Logistics Q3 Q3 +13.0 39.2 – Volume development: increase of 8% 35.6 –
Slide 8: Revenue and Earnings Supported by Favourable Underlying Conditions
REVENUE AND EARNINGS SUPPORTED BY FAVOURABLE UNDERLYING CONDITIONS (IMPACT FROM ELECTIONS AND CURRENCY EFFECT) Δ Q3 2024 Δ Q1-3 2024 EUR m Revenue +7.0% 732.4 +13.6% 2,237.6 (excl. Parcel Türkiye) (+11.4%) (+10.7%) Mail +8.7% 291.9 +5.1% 911.0 Parcel & Logistics +4.1% 396.5 +19.1% 1,201.4 excl. Parc
Slide 9: Positive Revenue Development in All Markets, Türkiye Impacted by Inflation and Currency
POSITIVE REVENUE DEVELOPMENT IN ALL MARKETS, BUSINESS IN TÜRKIYE IMPACTED BY INFLATION AND CURRENCY EFFECT Quarterly change in revenue Türkiye FX rate 20.86 28.32 29.05 32.65 34.95 35.19 38.27 +135.0% Revenue Change contribution in % +80.1% from Türkiye +65.9% +41.4% volatile over +30.2% Revenue the
Slide 10: Mail Division
MAIL DIVISION Revenue development EUR m Letter Mail & Business Solutions 40% Direct Mail & Media Post 886.9 866.7 911.0 Direct Mail & 329.4 336.4 316.1 Media Post Letter Mail & 557.5 550.6 574.6 Business Solutions Q1-3 Q1-3 Q1-3 2022 2023 2024 INVESTOR PRESENTATION Investor Relations Vienna, 5 Novem
Slide 11: Letter Mail
LETTER MAIL Austrian and International Letter Mail Austrian Letter Mail volumes volumes (millions of shipments) (items adjusted on a daily basis) Ø -4.3% Ø -5.9% 939 690 541 – Austrian letter mail volumes down by 3% in Q3 2024 -4% -3% – Q1-3: Decline of 6% Revenue Revenue – Positive environment due
Slide 12: Super Election Year 2024 – Opportunities Fully Utilised
SUPER ELECTION YEAR 2024 – OPPORTUNITIES FULLY UTILISED Number of postal votes vs. last election CHAMBER OF LABOUR ELECTIONS 26/01-29/04/2024 +75% EUROPEAN PARLIAMENT 09/06/2024 +35% NATIONAL ELECTIONS 29/9/2024 +18% REGIONAL ELECTIONS City of Salzburg 10/3/2024 Innsbruck 14/4/2024 Vorarlb
Slide 13: Priority and Non-Priority Rates in Europe
PRIORITY AND NON-PRIORITY RATES IN EUROPE Denmark 2.87 4.01 Italy 1.46 3.40 Estonia 1.81 3.21 Greece 1.67 3.06 Poland 2.19 2.60 Lithuania 2.59 Romania 1.76 2.55 Latvia 2.46 Belgium 1.47 2.31 Finland 2.30 Slovakia 1.43 2.14 Czech Republic 1.64 2.07 Croatia 1.02 1.76 Norway 1.63 Hungary 1.14 1.63 Post
Slide 14: Direct Mail/Media Post in Austria
DIRECT MAIL/MEDIA POST IN AUSTRIA Direct Mail/Media Post volumes Direct Mail/Media Post volumes (millions of shipments) (items adjusted on a daily basis) Ø -1.8% p.a. Ø -5.3% p.a. 5,108 4,417 3,554 – Direct Mail and Media Post volumes down by 2% in Q3 2024 -2% – Q1-3: Decline of 5% -6% – Declining a
Slide 15: Mail Division: Key Income Statement Indicators
MAIL DIVISION: KEY INCOME STATEMENT INDICATORS EUR m Q1-3 2023 Q1-3 2024 % ∆ Q3 2023 Q3 2024 Product and pricing adjustments as well as Revenue 866.7 911.0 5.1% 44.3 268.6 291.9 elections more than offset • Letter Mail & Business Solutions 550.6 574.6 4.4% 24.0 171.9 185.3 volume decline for letter
Slide 16: Parcel & Logistics Division
PARCEL & LOGISTICS DIVISION Revenue development EUR m Parcel International 54% Parcel Austria & Logistics Solutions 1,201.4 41.8 1,009.1 Logistics Solutions 158.1 865.3 43.8 Parcel CEE/SEE 140.0 49.0 345.3 Parcel Türkiye 124.9 259.8 178.6 565.6 656.2 Parcel Austria 512.7 Q1-3 Q1-3 Q1-3 2022 2023 202
Slide 17: Austria: Strong Volume Growth as Market Leader
AUSTRIA: STRONG VOLUME GROWTH AS MARKET LEADER Parcel volumes Parcel volumes Millions of parcels Items adjusted on a daily basis Ø +12.0% Ø +9.8% p.a. +15% p.a. +14% +13% 200 +12% +12% 127 +5% 50 Revenue Revenue EUR EUR Q1 Q2 Q3 203m 806m 2009 2019 2024e 2023 2024 – 13% parcel growth in Austria in Q
Slide 18: CEE/SEE: Strong Volume Growth Due to Asian Parcels
CEE/SEE: STRONG VOLUME GROWTH DUE TO ASIAN PARCELS Parcel volumes Revenue Millions of parcels Mio EUR 198 165 172 70 52 54 2021 2022 2023 2024e 2021 2022 2023 2024e – Positive volume and revenue development in Southeast and Eastern Europe – Disproportionately high growth due to Asian parcels INVESTO
Slide 19: Türkiye: Positive Operating Development, Challenge Due to Inflation and Currency Effect
TÜRKIYE: POSITIVE OPERATING DEVELOPMENT, CHALLENGE DUE TO INFLATION AND CURRENCY EFFECT Parcel & Documents Revenue – Parcel business in Türkiye and Azerbaijan with Millions of items Mio EUR a slight 2% volume decline – Revenue Q1-3 2024 of TRY 13,139m (+74.4%) 217 206 355 – New volumes from Asian e-
Slide 20: Parcel & Logistics Division: Key Income Statement Indicators
PARCEL & LOGISTICS DIVISION: KEY INCOME STATEMENT INDICATORS EUR m Q1-3 2023 Q1-3 2024 % ∆ Q3 2023 Q3 2024 Very positive revenue development in all parcel Revenue 1,009.1 1,201.4 19.1% 192.2 380.7 396.5 regions • Parcel Austria 565.6 656.2 16.0% 90.6 191.7 221.4 Increase due to inflation and • Parce
Slide 21: Retail & Bank Division
RETAIL & BANK DIVISION Revenue development EUR m Branch & Financial Services 6% 146.0 118.6 85,2 115.2 Income from 89.5 Financial Services 56.4 28.7 29.1 30.8 Branch Services Q1-3 Q1-3 Q1-3 2022 2023 2024 INVESTOR PRESENTATION Investor Relations Vienna, 5 November 2024 21
Slide 22: bank99 on Track Towards Growth and Success
BANK99 ON TRACK TOWARDS GROWTH AND SUCCESS 30.09.2024 Increase 2024 bank99 balance sheet total as at 30.09.2024 Top issues in 2024/2025 Omni-channel bank EUR bn 3.8 3.8 Current product highlights Equity, − Products in high demand Financial 0.5 other − Current account models: best value assets, Custo
Slide 23: Powerful Self-Service Expansion – Cooperation with myflexbox
POWERFUL SELF-SERVICE EXPANSION – COOPERATION WITH MYFLEXBOX Stations Number in Austria 1,217 524 575 454 494 2020 2021 2022 2023 09/2024 504 Post stations at myflexbox 713 Self-service stations 15,639 Lockers in post stations 121,478 Lockers in self-service stations Status: September 2024 INVESTOR
Slide 24: Retail & Bank Division: Key Income Statement Indicators
RETAIL & BANK DIVISION: KEY INCOME STATEMENT INDICATORS EUR m Q1-3 2023 Q1-3 2024 % ∆ Q3 2023 Q3 2024 Income from Financial Services continues to be Revenue 118.6 146.0 23.1% 27.4 42.1 50.4 driven by higher key interest • Income from Financial Services 89.5 115.2 28.8% 25.8 32.9 40.0 rate and custom
Slide 25: Key Income Statement Indicators
KEY INCOME STATEMENT INDICATORS EUR m Q1-3 2023 Q1-3 2024 % ∆ Q3 2023 Q3 2024 Positive revenue development in all operating Revenue 1,969.3 2,237.6 13.6% 268.2 684.5 732.4 divisions: Other operating income 77.0 75.9 -1.4% -1.0 39.0 28.1 Mail +5.1% Parcel & Logistics +19.1% Raw materials, consumables
Slide 26: Solid Balance Sheet and Financing Structure
SOLID BALANCE SHEET AND FINANCING STRUCTURE EUR m 6,065.8 6,065.8 30.09.2024 Cash, money market/securities investments 123.1 84.4 Financial services / Financial assets, investment property 646.6 Other financial liabilities Loans of EUR 225m and lease bank99 liabilities of EUR 386m (IFRS 16) 579.7 Li
Slide 27: Cash Flow Above Previous Year's Level
CASH FLOW ABOVE PREVIOUS YEAR'S LEVEL EUR m Operating free flow at a solid level (incl. positive tax effect from previous period) 293.1 +16.2 229.3 215.5 -80.0 -10.6 -3.2 Investments in green transformation of EUR 35.6m: e-mobility, e-charging infrastructure, photovoltaic systems Cash flow from oper
Slide 28: Investments in Sustainable Infrastructure
INVESTMENTS IN SUSTAINABLE INFRASTRUCTURE CAPEX Q1-3 2024 by area Growth – Infrastructure Technology and automation 6% EUR CAPEX (EUR m) 39% 90.7m 55% 140-160 Green transformation Q1-3 2024 EUR 90.7m 2020 2021 2022 2023 2024e 2025e INVESTOR PRESENTATION Investor Relations Vienna, 5 November 2024 28
Slide 29: Green Transformation in Progress
GREEN TRANSFORMATION IN Conversion of truck fleet to hydrotreated PROGRESS vegetable oil (HVO) Electric fleet in Türkiye Two electric-powered trucks in use INVESTOR PRESENTATION Investor Relations Vienna, 5 November 2024 29
Slide 30: Outlook 2024
OUTLOOK 2024 – Weak economic growth and related restrained investment climate impact the purchasing behaviour of Market companies and consumers environment – Decline of letter mail and direct mail items, growing parcel volumes – Revenue forecast of EUR 3bn (depending on the development of the Turkis
Slide 31: Contact
CONTACT Austrian Post Financial calendar 2025 Investor Relations 07 March 2025 Annual Report 2024 Rochusplatz 1, 1030 Vienna 09 April 2025 Annual General Meeting Website: post.at/investor 16/23 April 2025 Ex-day/Dividend payment day E-mail: investor@post.at 08 May 2025 Interim Report Q1 2025 Phone: