Singapore Post Ltd. · SGX:S08
Singapore Post — H1 FY2024/25 Earnings Presentation
16 slides from Singapore Post's earnings presentation, Nov 6, 2024
Slide 1: H1 FY2024/25 Results Presentation
H1 FY2024/25 Results Presentation 6 November 2024
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 historic
Slide 3: Key Highlights for H1 FY24/25
Key Highlights for H1 FY24/25 S$992.4m 20.0% YoY Delivering on strategic initiatives Revenue S$25.2m 87.6% YoY Resilient performance amidst a difficult S$51.2m business environment Underlying Net Profit 62.9% YoY Higher interim dividend payout Operating Profit 0.34 cts 88.9% YoY Interim Dividend 3
Slide 4: Key Highlights for H1 FY24/25, Outlook
Key Highlights for H1 FY24/25, Outlook Driving synergies with Australia business Ensuring sustainability of domestic postal integration services Integrated CouriersPlease and Border Express Finalising operating model with authorities to into FMH group; identified potential synergies ensure long-term
Slide 5: H1 FY24/25 Financial Highlights
H1 FY24/25 Financial Highlights Resilient performance 3.1% YoY Challenging business conditions across the markets Border Express Acquisition in Australia performing well; accretive to Group revenue growth 22.9% YoY Border Express operating profit growth Change in segment reporting with reorganisation
Slide 6: H1 FY24/25 Segment Revenue
H1 FY24/25 Segment Revenue NEW SEGMENTS - REVENUE PREVIOUS SEGMENTS - REVENUE H1 H1 YoY % H1 H1 YoY % S$ million S$ million FY24/25 FY23/24 change FY24/25 FY23/24 change Australia 574.9 398.9 +44.1% Logistics 764.8 566.3 +35.1% International 263.9 292.3 (9.7%) Post & Parcel 233.6 246.1 (5.1%) - Inte
Slide 7: H1 FY24/25 Segment Operating Profit
H1 FY24/25 Segment Operating Profit NEW SEGMENTS - OPERATING PROFIT PREVIOUS SEGMENTS - OPERATING PROFIT H1 H1 YoY % H1 H1 YoY % S$ million S$ million FY24/25 FY23/24 change FY24/25 FY23/24 change Australia 30.4 23.3 +30.2% Logistics 36.9 33.6 +9.9% International 12.7 14.9 (14.7%) Post & Parcel 5.3 (
Slide 8: Australia Segment
Australia Segment AUSTRALIA BUSINESS H1 H1 YoY % Resilient organic performance S$ million FY24/25 FY23/24 change ● Economic headwinds; reduced volumes in B2B and B2C sectors REVENUE 574.9 398.9 +44.1% ● Continued strong business pipeline in Managed Services ● Linehaul & Network boosted by Border Exp
Slide 9: International Segment - International Business
International Segment - International Business INTERNATIONAL BUSINESS H1 H1 YoY % Challenging global eCommerce logistics market S$ million FY24/25 FY23/24 change ● Difficult business conditions with lower volumes and increased competition REVENUE 117.9 161.1 (26.8%) Focusing on rationalisation and opt
Slide 10: Singapore Segment - Singapore Business
Singapore Segment - Singapore Business SINGAPORE BUSINESS H1 H1 YoY % Growth in postal & logistics (delivery) contributions S$ million FY24/25 FY23/24 change ● Benefit of postage rate increase in October 2023 REVENUE 129.6 115.3 +12.4% ● Excluding one-off deliveries last year, eCommerce revenue impro
Slide 11: Property, Freight Forwarding
Property, Freight Forwarding PROPERTY H1 H1 YoY % Higher SingPost Centre contributions S$ million FY24/25 FY23/24 change ● Improved rental income from SingPost Centre REVENUE 43.0 38.0 +13.2% ● Overall occupancy at 98.2% vs 96.2% at 31 March 2024; retail mall and office space occupancy at 100% and 97.
Slide 12: Financial Position, Dividend
Financial Position, Dividend CASH FLOW HIGHLIGHTS DIVIDEND H1 H1 S$ million Dividend payout (cents per share) FY24/25 FY23/24 Cash flow from operating activities 44.2 18.1 0.74 Cash flow used in investing activities (87.3) (6.4) Cash flow used in financing activities (5.2) (57.9) Net decline in cash and
Slide 13: Annex
Annex - Sustainability Highlights - Operating Statistics Confidential 13
Slide 14: Annex - Sustainability Highlights for H1 FY24/25
Annex - Sustainability Highlights for H1 FY24/25 Journeying on Making Every Delivery Count for People & Planet WSH Advocate One of 18 leading pioneer companies to be part of Workplace Safety & Health (WSH) Council’s WSH Advocate Program enhancing WSH standards in Singapore QUEST Partnership New “Que
Slide 15: Annex - Operating Statistics
Annex - Operating Statistics Volumes H1 FY24/25 Q2 FY24/25 Q1 FY24/25 H1 FY23/24 Q2 FY23/24 Q1 FY23/24 Australia (‘000 items) 20,784 10,704 10,080 18,245 9,429 8,816 Singapore (‘000 items) 190,494 95,744 94,750 209,901 107,575 102,326 - eCommerce related 13,243 6,277 6,966 16,056 9,285 6,771 - Lette
Slide 16: Thank You
Thank You Please refer to the SGXNET announcement dated 6 November 2024 for details.