Slide 1: First quarter 2025 results
First quarter 2025 results Analyst call Chris Peeters, CEO Philippe Dartienne, CFO May 9th, 2025
Slide 2: Investor presentation 1Q25 - Disclaimer and financial calendar
Investor presentation 1Q25 Interim financial report 1Q25 Financial Calendar Disclaimer 14.05.2025 This presentation is based on information published by bpostgroup in its First Quarter 2025 Interim Financial Report, made available on May 9th, 2025 at 07.00am CET on bpostgroup.com/investors. This inf
Slide 3: Highlights of 1Q25
Highlights of 1Q25 1Q25 Staci contribution helps offset impact of new Press contracts, domestic strikes, and revenue pressure in North America. FY25 EBIT outlook unchanged despite strike impacts. Group operating Last Mile 3PL Cross-border income € 27.6m (€ -30.6m) € 6.8m (€ +5.9m) € 19.3m (€ -1.9m)
Slide 4: Key financials 1Q25
Key financials 1Q25 1Q25 € million Reported Adjusted1 1 Amortization and impairments of 1Q24 1Q25 1Q24 1Q25 D% intangibles recognized during PPA Total operating income 993.0 1,119.0 993.0 1,119.0 12.7% are adjusted, leading to increase in Operating expenses 855.8 980.5 848.1 982.6 15.9% EBIT (€ +9.4
Slide 5: Lower revenues from new Press contracts, structural mail decline and February strike impact on parcels
Lower revenues from new Press contracts, structural mail decline 1Q25 – Last Mile and February strike impact on parcels Last Mile revenues, € million Domestic Mail Parcels Belgium Proximity and 1Q24 578.2 Revenues down € -28.3m (-8.8%): Stable Parcels Belgium revenues convenience retail € +0.1m (+0.
Slide 6: Year-over-year EBIT decline driven by new Press contracts and strike impacts
Year-over-year EBIT decline driven by new Press contracts and 1Q25 – Last Mile strike impacts € million BeNe Last Mile 1Q24 1Q25 D% Key takeaways 1Q25 Transactional 192.0 184.8 -3.8% Advertising 45.6 43.1 -5.4% • Total operating income down € -33.1m (-5.5%) Press 82.4 63.8 -22.6% Parcels Belgium 125
Slide 7: Staci contribution and e-commerce logistics momentum in Europe offset pressure in North America
Staci contribution and e-commerce logistics momentum in Europe 1Q25 – 3PL offset continuous pressure in North America 3PL revenues, € million 3PL Europe 3PL North America Revenues up € +201.9m: Radial N. Am. revenues down € -36.7m (-16.8% or -19.1% excl. FX) resulting 1Q24 261.1 • € 196.9m consolida
Slide 8: Staci’s EBIT contribution outweighs Radial US’s decline
Staci’s EBIT contribution outweighs Radial US’s decline 1Q25 – 3PL € million 3PL 1Q24 1Q25 D% Key takeaways 1Q25 3PL Europe 42.4 244.4 475.8% 3PL North America 218.7 181.9 -16.8% • Total operating income down € -31.8m (-12.1%), or up € +167.2m Intersegment and other 1.7 3.7 119.4% (+63.6%) including
Slide 9: Headwinds in North America and the UK offset expansion efforts in Europe
Headwinds in North America and the UK offset 1Q25 – Cross-border expansion efforts in Europe and domestic inbound volumes Cross-border revenues, € million Cross-border Europe Cross-border N. Am. Revenues down € -3.9m (-4.4%) Revenues down € -4.0m (-6.4%) 1Q24 151.5 mainly from: mainly reflecting: •
Slide 10: EBIT reflects top-line pressure with limited margin impact, mainly driven by US performance
EBIT reflects top-line pressure with limited margin impact, 1Q25 – Cross-border mainly driven by US performance € million Global Cross-border 1Q24 1Q25 D% Key takeaways 1Q25 Cross-border Europe 88.9 85.0 -4.4% Cross-border North America 62.6 58.6 -6.4% • Total operating income down € -8.0m (-5.2%) I
Slide 11: Lower EBIT reflects higher payroll costs
Lower EBIT reflects higher payroll costs 1Q25 – Corporate € million Corporate 1Q24 1Q25 D% Key takeaways 1Q25 External operating income 1.1 1.0 -4.3% Intersegment Operating Income 102.6 105.5 2.8% • Stable external operating income Total operating income 103.7 106.5 2.7% Operating expenses 102.4 100
Slide 12: Lower FCF reflects tax settlements and working capital development
Lower FCF reflects tax settlements and working capital development 1Q25 post-Press concession € million - Adjusted 1Q24 1Q25 D Cash flow from operating activities before Δ in WC and provisions 155.8 130.8 -25.0 1 Change in working capital and provisions 116.2 44.9 -71.3 2 Cash flow from operating ac
Slide 13: Financial outlook FY25
Financial outlook Tariff impacts for North American 1Q25 FY25 Cross Border and 3PL activities Group EBIT outlook FY25 unchanged Tariff changes disrupt the market, but also create opportunities to support customer adaptation 1Q25 results broadly in line with expectations and tracking towards Risks th
Slide 14: Update on strategic initiatives for 2025
Update on strategic initiatives for 2025 1Q25 bpostgroup is accelerating its transformation process to become an international logistics parcel operator creating value for our clients 3PL BeNe Last Mile Europe • New organizational structure: continue creating • New leadership to accelerate transform
Slide 15: Additional info
Additional info
Slide 16: Adjusted vs. reported Cash Flow Statement
Adjusted vs. reported Cash Flow Statement 1Q25 € million Reported Adjusted 1Q24 1Q25 D 1Q24 1Q25 D Cash flow from operating activities before Δ in WC and provisions 155.8 130.8 -25.0 155.8 130.8 -25.0 Change in working capital and provisions 80.8 -5.9 -86.7 116.2 44.9 -71.3 1 Cash flow from operatin
Slide 17: Balance Sheet
Balance Sheet 1Q25 € million € million Assets Dec 31, 2024 Mar 31, 2025 Equity and Liabilities Dec 31, 2024 Mar 31, 2025 Property, Plant and Equipment 1,627.7 1,618.9 Total equity 860.0 818.9 Intangible assets 1,945.5 1,901.8 Interest-bearing loans & borrowings 2,547.6 2,561.7 Investments in associa
Slide 18: Financing Structure & Liquidity
Financing Structure & Liquidity 1Q25 € million € million Available Liquidity Dec 31, 2024 Mar 31, 2025 External Funding Dec 31, 2024 Mar 31, 2025 Ca sh & c a sh eq u iv a l en ts 747.4 781.4 L o n g -term 1,653.5 1,653.0 1 Cash in network 133.8 127.6 Long-term bond (1.250% - 07/2026) 650.0 650.0 Tra
Slide 19: Key contact
Key contact Antoine Lebecq Head of Investor Relations Email: antoine.lebecq@bpost.be Direct: +32 (0) 2 276 29 85 Mobile: +32 (0) 471 81 24 77 Address: bpostgroup, Boulevard Anspach 1, 1000 Brussels, Belgium 19