Osterreichische Post AG · VIE:POST

Osterreichische Post — Austrian Post — Investor Presentation (September 2006)

26 slides from Osterreichische Post's investor presentation, September 2006

  1. Slide 1: Investor Presentation Austrian Post

    Investor Presentation Austrian Post September 2006

  2. Slide 2: Company and market overview

    Company and market overview Positive market developments in all three divisions Favourable Group results in First Half 2006 September 2006 Investor Presentation 2

  3. Slide 3: Austria's Leading Logistics Company

    Austria´s Leading Logistics Company Mail Parcel & Logistics Branch Network Group Other Branch Network 0.3% 11.4% Parcel & Logistics 12.4% „ Letter „ Parcels „ Postal services Mail 75.9% „ Direct mail „ Express deliveries „ Financial and insurance products „ Newspapers and periodicals „ Retail produc

  4. Slide 4: A Modern Logistics Company With a Growing Market Position in Central and Eastern Europe

    A Modern Logistics Company With a Growing Market Position in Central and Eastern Europe Austria Slovakia „ #1 in letter mail „ #2 in parcels „ #1 in addressed direct mailings „ #2 in unaddressed direct mail „ #1 in unaddressed direct mailings „ #1 in X2C parcels „ #1 in Media Post Hungary „ #1 in un

  5. Slide 5: The third listed postal enterprise in Europe

    The third listed postal enterprise in Europe „ Strong demand at IPO: eight times subscribed „ Total of 34.3 million shares allotted „ Allocation: 1/3 Austria, 2/3 international „ Balanced shareholder structure Europe and other countries ÖIAG (Österreichische Industrieholding AG) Germany „ 51% of emp

  6. Slide 6: Austrian Post: share price performance

    Austrian Post: share price performance € 28 Austrian Post (issue price: EUR 19.00) ATX (relative to Post) +43.9% 26 DJ Euro Stoxx Transportation (relative to Post) 24 22 20 + 2.5% – 0.3% 18 16 30/05 June July August Sept. 14/09 September 2006 Investor Presentation 6

  7. Slide 7: Market capitalisation of Austria's top companies

    Market capitalisation of Austria’s top 25 companies BA-CA 15.0 Erste 14.8 OMV AG 12.6 Raiffeisen 10.5 Telekom Austria 9.6 Verbund 6.1 Wiener Städtische 5.1 Voestalpine 4.7 EVN 3.4 UNIQA 3.1 Wienerberger 2.7 Böhler-Uddeholm 2.2 Austrian Post enjoys Austrian Post 1.9 excellent standing among Mayr-Meln

  8. Slide 8: Highlights of Austrian Post

    Highlights of Austrian Post 1. Strong market position in attractive markets 2. Successful transformation 3. Highly customer oriented service provider 4. “Defend and expand” strategy for profitable growth 5. Sound financial profile with stable cash flows September 2006 Investor Presentation 8

  9. Slide 9: 1. Strong market position in attractive markets

    1. Strong market position in attractive markets Letters per Capita p.a.¹ Direct Mail Items per Capita p.a.¹ 2006E GDP Growth2 Sweden 238 Netherlands 724 Czech-Rep. 6.0% Netherlands 234 Belgium ⁴ 659 Slovakia 5.8% UK 229 Austria 548 Hungary 4.4% Denmark 196 Sweden 425 Slovenia 4.0% France 191 Denmark

  10. Slide 10: 2. Successful transformation

    2. Successful transformation Sorting Centers1 Branches1 Employees² 39 2,327 30,357 6 1,338 27,713 2001³ 2005 2001 2005 25,192 Delivery Bases1 Third-Party Outlets¹ 1.880 608 170 380 2001³ 2005 2001 2005 2001 2003 2005 1) As per 31-Dec. 2) Annual average number of fulltime equivalents. 3) Shared sits

  11. Slide 11: 3. Highly customer oriented service provider

    3. Highly customer oriented service provider „ Every Door, Every Day Nationwide Access and „ Approx. 27,500 collection points¹ Coverage „ 1,946 pick-up points, 11,300 postmen „ 150,000 identified business customers Knowing our Customers and „ 7,000 key accounts their Needs „ 320,000 customer transac

  12. Slide 12: 3. Market Needs: Good Value for Money

    3. Market Needs: Good Value for Money Average rate in Mail business1 Letter Delivery Quality J+1 (%)2 90 84 97.2 95.9 73 70 70 93.9 67 66 62 61 58 52 51 84.2 2003 2004 2005 H1 2006 Fi rk Irl m nd B Fr nd Sw tal y D any Be ds he ce Au e G ia G d en c G a iu r a n ea an et ree m st lg I rl a nl m e an

  13. Slide 13: 4. Opportunity to expand in Parcel & Logistics

    4. Opportunity to expand in Parcel & Logistics New 3. Re-defining the Geographical Focus Transformation Process ƒ Successful acquisitions in Slovakia and Croatia ƒ Divisional organisation of Parcel & Logistics ƒ Loss-making entities discontinued (Yellogistics) along country lines (in effect since Ma

  14. Slide 14: Company and market overview

    Company and market overview Positive market developments in all three divisions Favourable Group results in First Half 2006 September 2006 Investor Presentation 14

  15. Slide 15: Three strong businesses: Mail Division

    Three strong businesses Mail Division: highlights of First Half 2006 „ Letter volumes still stable „ No noticeable effects so far of liberalisation as per 1 January 2006 (50–100g) „ Substantial increase in unaddressed advertising (direct mail) in first half year „ Acquisition of Kolos (Slovakia) in

  16. Slide 16: Three strong businesses: Parcel & Logistics Division

    Three strong businesses Parcel & Logistics Division: highlights of First Half 2006 „ Parcel volumes in Austria rising (X2C) „ International parcel volumes (from and to Austria) boosted by internet-based mail order industry „ Entry into parcels market for business customers in Austria (B2B) produces

  17. Slide 17: Three strong businesses: Branch Network Division

    Three strong businesses Branch Network Division: highlights of First Half 2006 „ Close-to-customer distribution network: 1,334 company-owned branches and 610 partner outlets „ Excellent performance in retail business – particularly in telecoms area (mobile phones) „ Financial services business stabl

  18. Slide 18: Company and market overview

    Company and market overview Positive market developments in all three divisions Favourable Group results in First Half 2006 September 2006 Investor Presentation 18

  19. Slide 19: Increased revenue and earnings

    Increased revenue and earnings Revenue (EUR m) EBITDA (EUR m) EBIT (EUR m) +3.0% +14.5% +17.9% 836.0 861.4 66.3 117.9 103.0 56.2 H1 2005 H1 2006 H1 2005 H1 2006 H1 2005 H1 2006 September 2006 Investor Presentation 19

  20. Slide 20: Business performance H1 2006

    Business performance H1 2006 Key income statement figures Change EUR m H1 2005 H1 2006 Q2 2005 Q2 2006 in % Revenue 836.0 861.4 +3.0% 416.1 417.1 Raw materials, consumables and services -116.3 -126.6 +8.8% -57.3 -60.5 used Staff costs -535.8 -539.4 +0.7% -268.6 -268.7 Other operating expenses -105.4

  21. Slide 21: Key figures by division

    Key figures by division EUR m H1 2005 H1 2006 Change 2005 Revenue 836.0 861.4 +3.0% 1,701.6 Mail 638.7 650.5 +1.9% 1,290.8 Parcel & Logistics 101.5 111.4 +9.7% 211.8 Branch Network 93.3 96.8 +3.7% 193.8 Other/Consolidation 2.4 2.7 +9.5% 5.2 EBIT 56.2 66.3 +17.9% 103.0 Mail 131.4 131.3 -0.1% 268.9 Pa

  22. Slide 22: Cash flow First Half 2005–2006

    Cash flow First Half 2005–2006 Operating cash flow EUR m H1 2005 H1 2006 Operating cash flow +8.4% before changes in working 130.7 141.7 141.7 capital EUR 22m liability 130.7 for real estate +/- Changes in working 30.6 -13.5 acquisition repaid capital = Cash flow from 161.4 128.2 operating activitie

  23. Slide 23: Liquidity further improved

    Liquidity further improved Financial investments Cash and in securities cash equivalents 220.9 257.7 200.1 140.4 174.5 148.3 30 Jun 05 31 Dec 05 30 Jun 06 30 Jun 05 31 Dec 05 30 Jun 06 Æ Interest-bearing assets of EUR 460m (up 58% compared to H1 2005) 1 EUR m September 2006 Investor Presentation 23

  24. Slide 24: Positive outlook confirmed

    Positive outlook confirmed „ Revenue forecast: stable to slightly increase 2006 „ EBIT increase of 10–15% year on year „ Dividend of EUR 70m in Q2 2007 (subject to approval by 2007 Annual General Meeting) and „ Payout ratio of 70% assuming continuing satisfactory beyond business development and unch

  25. Slide 25: Invitation to the Austrian Post Investor Day in Vienna

    Invitation to the Austrian Post Investor Day in Vienna „ December 11-12 in Vienna, Hotel: Grand Hotel Vienna „ Monday, December 11 ¾ 16.00h: City Tour Vienna ¾ 18.30h: Meeting at Grand Hotel Vienna ¾ Visit of Theatre ¾ Dinner with Management Board „ Tuesday, December 12, Conference Day (at Albertina

  26. Slide 26: Contact / Disclaimer

    Contact / Disclaimer „ Österreichische Post AG Investor Relations Postgasse 8 1010 Vienna, Austria „ Investor Relations website: www.post.at/ir „ E-mail: investor@post.at „ Phone +43 (1) 51551 30401 „ Fax +43 (1) 51551 30409 „ Disclaimer This presentation contains forward-looking statements, based o

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