Singapore Post Ltd. · SGX:S08
Singapore Post — Shareholder Meeting (July 2023)
24 slides from Singapore Post's shareholder meeting presentation, Jul 19, 2023
Slide 1: FY2022/23 Annual General Meeting Presentation
FY2022/23 Annual General Meeting Presentation 19 July 2023
Slide 2: Address by Simon Israel, Chairman
ADDRESS BY SIMON ISRAEL, CHAIRMAN
Slide 3: Transformation of Business Mix: From Postal to Logistics
Transformation of Business Mix From Postal to Logistics Post & Logistics Post & Logistics Parcel Parcel 70% 38% 27% 56% FY19/20 FY22/23 S$1.3 bn S$1.9 bn Property 3% Property 6% Revenue by segments 3
Slide 4: Transformation of Earnings
Transformation of Earnings Operating profit (S$m) 119.8 Post & Logistics Pivot to Logistics Parcel 84.7 over the last 4 years (5.5) (15.9) FY19/20 FY20/21 FY21/22 FY22/23 4
Slide 5: Transformation of Markets: From Singapore to international markets
Transformation of Markets From Singapore to international markets Singapore Outside of Outside of Singapore Singapore 14% Singapore 29% 86% 71% FY19/20 FY22/23 S$1.3 bn S$1.9 bn Revenue by market pillars 5
Slide 6: Transformative Growth in Australia
Transformative Growth in Australia Australia Business revenue (S$m) 1000 950 900 850 815.1 800 750 700 Strong revenue 650 600 550 build-up in Australia 500 413.6 450 400 business 350 300 250 217.7 200 150 100 50 0 FY20/21 FY21/22 FY22/23 Note: FY20/21: 3 months’ share of FMH’s results as 28% held as
Slide 7: FMH Key Driver of Australian Transformation
FMH Key Driver of Australian Transformation FMH revenue and EBIT contributions (S$m) 700 150 650 595.3 600 130 550 110Strong growth in 500 450 90 400 350 70 FMH revenue and 50 EBIT contributions 300 250 178.7 48.8 200 150 30 to the Group 100 1.1 18.7 10 50 0 -10 FY20/21 FY21/22 FY22/23 Revenue EBIT
Slide 8: Strong Results Achieved by FMH
Strong Results Achieved by FMH FMH FY22/23 performance (YoY change) Revenue S$595.3m 233% EBITDA S$77.1m 280% Net profit S$33.5m 258% ROE 20% 8
Slide 9: Strategic Review
Strategic Review Confidential 9
Slide 10: Strategic Review
Strategic Review Enhancing shareholder’s returns and ensuring the Group is appropriately valued Main principles to be applied: Defining what is core and Divestment of non-core Recycling non-core in the context of businesses/assets and capital transitioning to a Logistics those which are not expected
Slide 11: Speech by Vincent Phang, Group CEO
SPEECH BY VINCENT PHANG, GROUP CEO
Slide 12: SingPost's Transformation
SingPost’s Transformation Group operating profit (S$m) Pivot to 119.8 Logistics 84.7 70% of Group revenue 90% of Group operating profit (5.5) (15.9) FY19/20 FY20/21 FY21/22 FY22/23 12
Slide 13: Building our Digitally Enabled B2B2C Integrated Logistics Network in Australia
Building our Digitally Enabled B2B2C Integrated Logistics Network in Australia Logistics operating profit (S$m) 84.7 Tech 4PL 60% from Last mile Australia delivery business 3PL (5.5) FY19/20 FY20/21 FY21/22 FY22/23 Warehousing 13
Slide 14: Mitigating the Postal Decline
Mitigating the Postal Decline Postal operating profit/(loss) (S$m) 119.8 Reviewing costs and postal operation model Seeking postage rate adjustments to better reflect true cost of letter mail business Working on fundamental review of (15.9) future of postal service with IMDA FY19/20 FY20/21 FY21/22
Slide 15: Establishing Ourselves as a Leading eCommerce Supply Chain and Logistics Player
Establishing Ourselves as a Leading eCommerce Supply Chain and Logistics Player in Asia Pacific Singapore Australia Int’l 45% 41% Leverage infrastructure for eCommerce deliveries; commitment to service quality Australia Singapore 14% Integrate for synergies; further acquisitions International Re-eng
Slide 16: We welcome shareholders' feedback at Strategic Review
We welcome shareholders’ feedback at Strategic Review strategic_review@singpost.com Note: This is a no-reply email address. SingPost will make further announcements as appropriate, if and when there are any material developments which warrant disclosure. 16
Slide 17: Speech by Vincent Yik, Group CFO
SPEECH BY VINCENT YIK, GROUP CFO
Slide 18: FY2022/23 Financial Highlights
FY2022/23 Financial Highlights Revenue Record revenue S$1.87bn Diversified revenue streams 12.4% Operating Underlying Net profit net profit profit Logistics growth offset by postal loss S$93.2m S$32.4m S$24.7m Higher finance and tax 16.9% 60.1% 70.3% expenses 18 Note: Net profit attributable to shar
Slide 19: Revenue and Profit Drivers
Revenue and Profit Drivers Revenue Operating Group revenue and operating profit (S$m) profit growth / growth (loss) 12.4% Logistics 32.4% 91.3% 1,872 16.9% 1,666 Post & S$15.9m 16.2% 112.1 Parcel loss 93.2 Property* 23.1% 16.7% FY21/22 FY22/23 FY21/22 FY22/23 Revenue Operating profit * Sale of Gener
Slide 20: Prudent Capital Management as the Group Continues to Invest
Prudent Capital Management as the Group Continues to Invest in Strategic Initiatives Steady financial position Establishing ourselves as a leading eCommerce Healthy operating cashflow supply chain and logistics player in Asia Pacific Divestments and capital recycling 20
Slide 21: Speech by Michelle Lee, Chief Sustainability Officer
SPEECH BY MICHELLE LEE, CHIEF SUSTAINABILITY OFFICER
Slide 22: Delivering Sustainable Outcomes
Delivering Sustainable Outcomes ESG 22% TCFD performance a part of improvement YoY Advanced in climate-related management remuneration in Loss Time Injury disclosures aligned with organisational balance Frequency Rate TCFD* recommendations scorecard * Task Force on Climate-related Financial Disclosu
Slide 23: Advancing our Decarbonisation Journey
Advancing our Decarbonisation Journey 30% reduction to-date* of Scope 1 & 2 emissions in Singapore 32% of total fleet in Singapore converted to Electric Vehicles * From FY18/19 baseline levels 23
Slide 24: FY2022/23 Annual General Meeting
FY2022/23 Annual General Meeting