Posti Group Oyj · OMXHEX:POSTI
Posti Group Oyj — FY2021 Earnings Presentation
24 slides from Posti Group Oyj's earnings presentation, February 2022
Slide 1: Posti Group: increased demand for parcel and logistics services drew continued growth
Posti Group: increased demand for parcel and logistics services drew continued growth of net sales, profitability developed positively January-December 2021
Slide 2: Responsibly delivering what matters to you – on your terms
Responsibly delivering what matters to you – on your terms
Slide 3: Posti in figures 2021
Group’s net sales, EUR million and change, % Posti in figures 2021 2 000 0.3% -0.6% 2.5% 1,564.6 1,555.4 1,595.0 1 500 0.5% 12.4% 444.2 Net Sales* 441.8 1 000 EUR 1,595.0 million 500 (EUR 1,555.4 million) 0 Adjusted EBITDA* 2019 2020* 2021* Group’s adjusted EBITDA, EUR million EUR 181.6 million and
Slide 4: Financial highlights in 2021 – positive development
Financial highlights in 2021 – positive development • Net sales grew by 2.5% to EUR 1,595.0 (1,555.4) million. • Adjusted EBITDA increased to EUR 181.6 (173.5) million, or 11.4% (11.2%) of net sales. • EBITDA increased to EUR 180.5 (165.7) million, or 11.3% (10.7%) of net sales. • Adjusted operating
Slide 5: Operational highlights in 2021
Operational highlights in 2021 • Year 2021 was important in streamlining operations around the core of Posti’s business and future growth. In February, Posti launched • Combined external net sales of Parcel and eCommerce as well as its renewed strategy. logistics businesses represented already 62% (
Slide 6: Parcel & eCommerce and logistics business 62% of Group's net sales in 2021
Parcel & eCommerce and logistics business 62% (59%) of Group’s net sales in 2021* Aditro Logistics 7% (5%) Freight Services 12% (11%) Postal Services 38% (41%) Transval 13% (12%) Parcel and eCommerce 31% (31%) = Postal services = Parcel & eCommerce and logistics business *measured in combined extern
Slide 7: Financial highlights in Q4 2021 – decrease in profitability
Financial highlights in Q4 2021 – decrease in profitability • Net sales grew by 0.5% to EUR 444.2 (441.8) million. • Adjusted EBITDA decreased to EUR 50.3 (60.8) million, or 11.3% (13.8%) of net sales. • EBITDA decreased to EUR 50.1 (57.0) million, or 11.3% (12.9%) of net sales. • Adjusted operating
Slide 8: Posti in figures 10-12/2021
Group’s net sales, EUR million and change, % Posti in figures 10-12/2021 2 000 0.3% -0.6% 2.5% 1,564.6 1,555.4 1,595.0 1 500 0.5% 12.4% 444.2 Net Sales* 441.8 1 000 EUR 444.2 million 500 (EUR 441.8 million) 0 Adjusted EBITDA* 2019 2020* 2021* Group’s adjusted EBITDA, EUR million EUR 50.3 million and
Slide 9: Parcel volume growth leveled off during the last quarter
Parcel volume growth leveled off during the last quarter Parcel volumes (million units) in Finland and in the Baltics and change, % 25 2020 2021 20.3 20.7 +2% +10% 20 Parcel volume growth in The number of parcels 17.2 17.1 16.1 15.8 Finland and in the going through Posti 15.1 Baltics 10-12/2021 Parc
Slide 10: Posti continues to develop its service network to answer the demand
Posti continues to develop its service network to answer the demand Parcel volumes (million units) in Finland and in the Baltics Development of Posti parcel locker automates and and change, % number of lockers in the automates 25 60% 3,000 150,000 Parcel locker automates Number of lockers 20.3 20.7
Slide 11: Addressed letter volumes declined by 5% in the last quarter
Addressed letter volumes declined by 5% in the last quarter Addressed letter volumes (million units) and change, % 200 0% • Altogether 122 million addressed letters were delivered, decline from previous year 7 million -5% 146 -3% -3% items 150 132 134 -5% 124 129 116 -8% 122 -10% • During the Christ
Slide 12: Financials
Financials
Slide 13: Posti Group's 2021 net sales and adjusted EBITDA change
Posti Group’s 2021 net sales and adjusted EBITDA change Net sales* grew by 2.5% to EUR 1,595.0 (1,555.4) million Adjusted EBITDA* improved to EUR 181.6 (173.5) million 2021 vs 2020 change of net sales* by business, 2021 vs 2020 adjusted EBITDA* change by segment, EUR million EUR million -9.1 35.4 2.
Slide 14: Posti Group's Q4 net sales
Posti Group’s Q4 net sales Net sales* grew by 0.5% to EUR 444.2 (441.8) million 2021 Q4 vs 2020 Q4 change of net sales* by business, Group’s net sales*, EUR million and change, % EUR million 500 2020 2021 441.8 444.2 450 -1.6 3.6 400 384.3 379.5 391.6 367.7 374.8 366.5 4.5 350 -5.6 300 -3.9 5.4 250
Slide 15: Posti Group's Q4 adjusted EBITDA
Posti Group’s Q4 adjusted EBITDA Adjusted EBITDA* decreased to EUR 50.3 (60.8) million Group’s adjusted EBITDA*, EUR million 2021 Q4 vs 2020 Q4 adjusted EBITDA* change by segment, and as a percent of net sales EUR million 2020 2021 70 13.8% 60.8 -5.7 60 11.3% -1.0 11.6% 50.3 -3.9 11.3% 12.0% 11.4% 5
Slide 16: Posti Group's key figures
Posti Group’s key figures 10-12 2021 % 10-12 2020 % 1-12 2021 % 1-12 2020 % Net sales*, EUR million 444.2 441.8 1,595.0 1,555.4 Adjusted EBITDA*, EUR million 50.3 11.3% 60.8 13.8% 181.6 11.4% 173.5 11.2% EBITDA*, EUR million 50.1 11.3% 57.0 12.9% 180.5 11.3% 165.7 10.7% Adjusted operating result*, E
Slide 17: Outlook and long-term financial targets
Outlook and long-term financial targets
Slide 18: Posti's outlook for 2022
Posti’s outlook for 2022 In 2022, Posti is expecting its net sales to remain at the previous year’s level. The Group’s adjusted EBITDA in 2022 is expected to decrease from the previous year. In 2021, Posti’s net sales from continuing operations were EUR 1,595.0 million and adjusted EBITDA was EUR 18
Slide 19: Long term financial targets
Long term financial targets Continuously increasing ordinary dividend, Adjusted EBITDA 13% but not exceeding annual net profit 11.2 11.4 80 12 Dividends paid 9.7 % 10 60 EUR million 8 7.2 7.1 40 35.0 6 13.0 4 20 25.0 27.0 28.4 29.8 31.3 32.0 2 0 0 2017 2018 2019 2020 2021 2022*** 2017** 2018** 2019
Slide 20: Segments
Segments
Slide 21: Mail, Parcel and Logistics Services net sales break-down
Mail, Parcel and Logistics Services net sales break-down 10-12 Change, Change, Net sales, EUR million 10-12 2021 1-12 2021 1-12 2020 2020 % % Postal Services 175.4 180.9 -3.1% 610.9 647.1 -5.6% Parcel and eCommerce 135.6 139.5 -2.8% 492.4 477.6 +3.1% Transval 59.0 53.6 +10.1% 219.8 201.7 +9.0% Freig
Slide 22: Mail, Parcel and Logistics Services key figures
Mail, Parcel and Logistics Services key figures 10-12 Adjusted EBITDA decreased to EUR 54.4 EUR million 10-12 2021 1-12 2021 1-12 2020 2020 (60.0) million in October-December 2021 Net sales 411.6 413.0 1,486.0 1,481.6 • The decline was mainly due to the segment’s decreased net sales and increased co
Slide 23: Aditro Logistics key figures
Aditro Logistics key figures 10-12 October-December EUR million 10-12 2021 1-12 2021 1-12 2020 2020 • Aditro Logistics’ net sales increased by 12.5% Net sales 32.7 29.1 110.2 74.7 • The increase was driven by the growth of the Net sales change, % 12.5% - - - staffing business. Adjusted EBITDA 2.6 3.
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