Osterreichische Post Ag · VIE:POST
Osterreichische Post — Austrian Post — H1 2025 Earnings Presentation
30 slides from Osterreichische Post's earnings presentation, Aug 8, 2025
Slide 1: Austrian Post Investor Presentation H1 2025
AUSTRIAN POST INVESTOR PRESENTATION H1 2025 Walter Oblin, CEO Barbara Potisk-Eibensteiner, CFO Vienna, 8 August 2025 INVESTOR PRESENTATION Investor Relations Vienna, 8 August 2025
Slide 2: Difficult economic environment in the global postal market
DIFFICULT ECONOMIC ENVIRONMENT IN THE GLOBAL POSTAL MARKET Austria CEE/SEE Türkiye – Inflation – Inflation – Inflation – Real GDP in EUR (2025e: ±0%) – Real GDP in USD (2025e: +2.8%) – Real GDP in TRY (2025e: +2.7%) +3.5% +35.1% -0.5% +3.4% +2.8% +2.0% 01/24 07/24 01/25 07/25 2023 2024 2025e 01/24 0
Slide 3: Solid revenue and earnings development following high prior-year level
SOLID REVENUE AND EARNINGS DEVELOPMENT FOLLOWING HIGH PRIOR-YEAR LEVEL Revenue comparison is impacted by elections and Revenue development currency (2025 below 2024 but above the 2023 level) EUR m +17.2% -1.1% Special effects in 2024: – About EUR 20m related to elections in H1 2024 – Revenue develop
Slide 4: Top priorities to support earnings in 2025/2026
TOP PRIORITIES TO SUPPORT EARNINGS IN 2025/2026 Sales campaign Efficiency & costs – Group-wide intensification of international – Cost reduction in operating areas by optimising customer relationships – Competence Centre the product mix (Eco as standard as of 1 May for E-Commerce Platforms 2025) as
Slide 5: Ambition 2030: Leading logistics & services group
AMBITION 2030: LEADING LOGISTICS & SERVICES GROUP REACHING MORE THAN 150M PEOPLE IN AUSTRIA, CEE/SEE, TÜRKIYE & BEYOND 1 2 POST & BEYOND INTERNATIONAL IN AUSTRIA E-COMMERCE Leading provider of SUSTAINABILITY, Leading e-commerce key services – CUSTOMER & CULTURE partner in Austria, CEE/SEE, post, ban
Slide 6: Letter and direct mail currently showing a stronger decline
1 LETTER AND DIRECT MAIL CURRENTLY SHOWING A STRONGER DECLINE Letter Mail volumes Direct Mail/Media Post volumes millions of shipments millions of shipments Ø -4.9% Ø -2.3% p.a. 1,137 4,933 3,407 508 2008 2025 2008 2025 Austrian letter mail International letter mail addressed unaddressed Volumes adj
Slide 7: Austria in the lower third in Europe for postage rates
1 AUSTRIA IN THE LOWER THIRD IN EUROPE FOR POSTAGE RATES Denmark 3.32 4.47 Latvia 3.43 Italy 1.46 3.40 Lithuania 3.34 Estonia 1.81 3.21 Greece 1.67 3.06 Romania 2.20 2.86 Poland 2.24 2.65 Slovakia 1.71 2.42 Belgium 1.54 2.40 Finland 2.30 Czech Republic 1.90 2.21 UK 0.98 1.91 Sweden 1.80 Norway 1.79
Slide 8: bank99 on track, H1 2025 with positive earnings
1 BANK99 ON TRACK, H1 2025 WITH POSITIVE EARNINGS 2024 vs. 2023 bank99 balance sheet total Customers Number as at 30.06.2025 EUR bn bank99 offers extensive 4.0 4.0 savings and loan products ~300,000 Financial Equity, assets 0.4 other (95% govern- 1.5 Positive operational development ment after succe
Slide 9: Awards for bank99's achievements confirm its strong market visibility
1 AWARDS FOR BANK99'S ACHIEVEMENTS CONFIRM ITS STRONG MARKET VISIBILITY bank99 is the test winner due to its Outstanding customer high level of transparency and orientation quality of advice on real estate loans Excellent customer service INVESTOR PRESENTATION Investor Relations Vienna, 8 August 202
Slide 10: 24/7 self-service solutions are very popular with customers in Austria
1 24/7 SELF-SERVICE SOLUTIONS ARE VERY POPULAR WITH CUSTOMERS IN AUSTRIA Volumes Expansion of the Austrian-wide (millions of items) network First Mile (send, return) (out-of-home locations) Last Mile (receive) ~3,000 32.4 2,600 1,900 2,830 +12% H1 2025 17M ITEMS H1 2025 +25 SELF-SERVICE- BRANCHES IN
Slide 11: Development of a proprietary mobile phone offering
1 DEVELOPMENT OF A PROPRIETARY MOBILE PHONE OFFERING Future cooperation with A1 on a new level Austrian Post as a Mobile Virtual Network Operator (MVNO) in the A1 network Attractive mobile phone and internet offering at all post offices A1 products available at post offices before the end of 2025 La
Slide 12: Parcel Austria with further growth
2 PARCEL AUSTRIA WITH FURTHER GROWTH Parcel volumes Revenue millions of items EUR m Ø +11.2% p.a. 224 929 41 182 2008 2025 2008 2025 Volumes adjusted on a daily basis (124 working days in H1 2024 vs. 122 working days in H1 2025) INVESTOR PRESENTATION Investor Relations Vienna, 8 August 2025 12
Slide 13: CEE/SEE: Recovery of parcel volumes in Q2 2025
2 CEE/SEE: RECOVERY OF PARCEL VOLUMES IN Q2 2025 Parcel volumes Revenue millions of parcels EUR m 214 78 198 70 165 172 52 54 H1 +27% 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Volumes adjusted on a daily basis – 7% volume decrease in H1 2025 after parcel boom from Asia in the prior-year peri
Slide 14: Türkiye+: Positive parcel growth of 4% in Q2
2 TÜRKIYE+: POSITIVE PARCEL GROWTH OF 4% IN Q2 – Revenue affected by inflation and exchange rate Parcels & documents Revenue – 0.4% volume decline in Q1 2025 vs. 4% rise in millions of items TRY bn Q2 2025 – H1 2025 revenue of EUR 236.6m (+1.4%) 198 206 206 18.9 – Expansion of parcel logistics follo
Slide 15: Strong growth of out-of-home network
2 STRONG GROWTH OF OUT-OF-HOME NETWORK Out-of-home points Of which postal stations / parcel machines Number of locations Number of locations1 >22,0000 15,800 13,800 International >10,000 10,700 5,800 International 4,700 2,600 Austria Austria 2023 2024 H1 2025 2026e 2023 2024 H1 2025 2026e 1 Own and
Slide 16: Finalisation of logistics expansion in Austria and stronger international focus
3 FINALISATION OF LOGISTICS EXPANSION IN AUSTRIA AND STRONGER INTERNATIONAL FOCUS Austria International Lower Austria Opening Upper Austria Vienna Budapest in 2026 Salzburg Vorarlberg Tyrol Styria Carinthia – New Logistics Centre in Budapest under – Expansion programme largely completed construction
Slide 17: Use of modern technologies and infrastructure
3 USE OF MODERN TECHNOLOGIES AND INFRASTRUCTURE Highly efficient, automated Next generation: Parcel robot “Robin“ sorts storage and order Handhelds more than 1m parcels per year picking system INVESTOR PRESENTATION Investor Relations Vienna, 8 August 2025 17
Slide 18: Vienna: Postal deliveries exclusively with electric vehicles by end of year
VIENNA: POSTAL DELIVERIES EXCLUSIVELY WITH ELECTRIC VEHICLES BY THE END OF THE YEAR 700 electric-powered CO2-free vehicles are already in use. Vienna is a pioneer among European cities. E-vehicle fleet ramp up curve Number of vehicles in operation at Post AG 54% of the vehicle fleet >6,000 is alread
Slide 19: Financial overview
FINANCIAL OVERVIEW Revenue -1.1% vs. H1 2024 +15.8% vs. H1 2023 2024 impacted by EUR 1.5bn positive special effects EBIT -11.0% vs. H1 2024 At the level of H1 2023 EUR 94m Solid balance sheet structure with low level of debt Balance sheet (Financial debt to EBITDA12m of 0.5x) EUR 6.2bn Logistics equ
Slide 20: Revenue slightly below H1 2024 but 15.8% higher than H1 2023
REVENUE SLIGHTLY BELOW H1 2024 BUT 15.8% HIGHER THAN H1 2023 Revenue development EUR m +15.8% +17.2% -1.1% Mail 1,505.2 – H1 2025 revenue down by 5.9% from H1 2024 and 2.6% below H1 2023 1,488.1 – H1 2024 was impacted by positive special effects of about 1,284.8 EUR 20m for letter mail and direct ma
Slide 21: H1 2025 earnings of EUR 94m
H1 2025 EARNINGS OF EUR 94M – POSITIVE SPECIAL EFFECTS (ELECTIONS AND CURRENCY) IN THE PREVIOUS YEAR EBIT development EUR m Mail -11.0% – Volume decline and positive special effects in the previous year 105.6 negatively impact earnings – H1 2025 -19.3% to EUR 67.0m 95.2 94.0 -16.0 Parcel & Logistics
Slide 22: Key income statement indicators
KEY INCOME STATEMENT INDICATORS EUR m H1 2023 H1 2024 H1 2025 Δ 24/25 Q2 2023 Q2 2024 Q2 2025 Mail -5.9% Parcel & Logistics +1.5% Revenue 1,284.8 1,505.2 1,488.1 -1.1% 620.2 746.6 724.6 (+2.5% excl. reporting change) Other operating income 38.0 47.8 60.1 25.6% 19.4 24.3 28.1 Retail & Bank -1.2% (-2
Slide 23: Mail division: key income statement indicators
MAIL DIVISION: KEY INCOME STATEMENT INDICATORS EUR m H1 2023 H1 2024 H1 2025 Δ 24/25 Q2 2023 Q2 2024 Q2 2025 Revenue 598.1 619.0 582.7 -5.9% 289.5 303.5 283.2 Revenue decrease of 5.9% yoy; 2.6% below H1 2023 • Letter Mail & Business 378.7 389.3 365.5 -6.1% 180.6 188.7 174.0 Solutions • Direct Mail 1
Slide 24: Parcel & Logistics division: key income statement indicators
PARCEL & LOGISTICS DIVISION: KEY INCOME STATEMENT INDICATORS EUR m H1 2023 H1 2024 H1 2025 Δ 24/25 Q2 2023 Q2 2024 Q2 2025 Revenue 628.4 804.9 817.0 1.5% 301.3 402.0 398.7 Revenue +1.5% or +2.5% before reporting change in • Parcel Austria 373.9 434.8 457.2 5.2% 188.8 219.3 228.0 Logistics Solutions
Slide 25: Retail & Bank division: key income statement indicators
RETAIL & BANK DIVISION: KEY INCOME STATEMENT INDICATORS EUR m H1 2023 H1 2024 H1 2025 Δ 24/25 Q2 2023 Q2 2024 Q2 2025 Revenue 76.5 95.7 94.5 -1.2% 39.1 48.4 45.8 Revenue -1.2% vs H1 2024 • Income from Financial but +23.4% vs. H1 2023 56.6 75.2 73.3 -2.6% 29.1 37.9 35.1 Services • Branch Services 19.
Slide 26: Solid balance sheet and financing structure
SOLID BALANCE SHEET AND FINANCING STRUCTURE Financial debt EUR 207.5m ASSETS EQUITY & Financial debt incl. IFRS 16 EUR 575.0m EUR m LIABILITIES Financial debt/EBITDA12m 0.5x EUR m Financial debt incl. IFRS 16/EBITDA12m 1.4x 6,491.9 6,491.9 Cash, money 110.9 118.9 6,226.1 Other financial 6,226.1 mark
Slide 27: H1 2025 operating free cash flow of EUR 161m
H1 2025 OPERATING FREE CASH FLOW OF EUR 161M EUR m Cash flow above previous year (incl. positive tax effect from previous period) 181.6 +12.5 160.9 152.6 -33.2 -8.1 -0.2 Investments in decarbonisation of EUR 12.1m: e-mobility, e-infrastructure Cash flow from operating Maintenance Other Operating Gro
Slide 28: Austrian Post's investment programme
AUSTRIAN POST'S INVESTMENT PROGRAMME CAPEX CAPEX mix 2022–2024 EUR m Growth Capex (Growth - Infrastructure) 161.2 Stable Level 151.8 155.3 27% 143.3 143.1 43% Maintenance CAPEX (Technology and Automation) 30% Decarbonisation H1 41.3 2020 2021 2022 2023 2024 2025e INVESTOR PRESENTATION Investor Relat
Slide 29: Outlook 2025
OUTLOOK 2025 • Weak economic growth accelerates cost pressure and digitalisation by private and public sector Market customers → decline in letter and direct mail volumes environment • Parcel markets with increasing e-commerce and cautious consumption → moderate parcel growth • 2025 revenue targeted
Slide 30: Contact
CONTACT Austrian Post Financial calendar 2025/2026 Investor Relations 12 November 2025 Interim Report Q1-3 2025 Rochusplatz 1, 1030 Vienna 12 March 2026 Annual Report 2025 Website: post.at/investor 15 April 2026 Annual General Meeting E-mail: investor@post.at 24/29 April 2026 Ex-day/Dividend payment