Ctt - Correios De Portugal Sa · EURONEXT:CTT
Ctt - Correios De Portugal Sa — CTT - Correios de Portugal — Shareholder Meeting (April 2022)
44 slides from Ctt - Correios De Portugal Sa's shareholder meeting presentation, Apr 21, 2022
Slide 1: Annual General Meeting 2022
Ba E mi 8 i ie CO | @) » Annual General Meeting cft 2 0 2 2 faster, better and greener 21 April 2022
Slide 2: 2021 in a nutshell
2021 in a nutshell
Slide 3: Another transformation year with new businesses outpacing mail decline
Assembleia Geral de Acionistas Anothertransformation year with new businesses outpacing the decline in mail ctt 2022 New concession framework improves predictability and allows for partial compensation? of prior years; 6.8% average price increase of universal postal services in 2022 Business service
Slide 4: Significant transformation by increasing exposure to growing businesses
Assembleia Geral Significant transformation by increasing exposure to de Acionistas growing businesses 2022 Group CTT - Legacy ‘ vs. Transformation aN, 0s @ Transformation — Group Revenues 67% 63% So 55% 49% | (SQ) Legacymail FY18 FY19 FY20 FY21 °. Group 118% fos Transformation Recurring 87% EBIT 36
Slide 5: Leading integrated Iberian player
leading integrated Iberian player ▪ ▪ ▪ ▪ ▪ ▪
Slide 6: Consistent revenue growth
consistent revenue growth €847.9m €60.1m
Slide 7: Strategic & operational review
Strategic & operational review
Slide 8: Connect people and companies focusing on their needs
Connect people and companies focusing on their needs
Slide 9: Mission: lead e-commerce development and be top of mind for credit, savings, insurance
To lead the development of e-commerce and the support to the physical and digital presence To be top of mind for credit, savings and insurance
Slide 10: The mission for companies and for people
THE MISSION FOR Gea PEOPLE Vv Vv To be the preferred business partner, promoting e-commerce and simplifying the physical and digital presence To be the easiest path for physical communication and essential financial services
Slide 11: Faster, better, greener for companies and people
FOR FOR C O M PA N I E S PEOPLE FASTER BETTER GREENER
Slide 12: Business priorities
Assembleia Geral de Acionistas Business priorities targeted at achieving sustainable growth C tt sani, 2022 FINANCIAL SERVICES & RETAIL Shaping e-commerce development Leading in combining physical and digital Excelin protection and credit \ <a <i Sustainability Growth and Growth Savings and insuranc
Slide 13: Business priorities
Assembleia Geral de Acionistas Business priorities targeted at achieving sustainable growth C tt 2022 FINANCIAL BANCO SERVICES & RETAIL CTT FASTER BETTER
Slide 14: Greener, Faster, Better
GREENER FASTER BETTER
Slide 15: Faster
FASTER
Slide 16: Shaper for e-commerce
shaper for e-commerce FASTER
Slide 17: Shaper for e-commerce
shaper for e-commerce • • • • • • • • • • • • • FASTER
Slide 18: Improvement in profitability
improvement in profitability FASTER
Slide 19: Investing to grow while focusing on quality of service and profitability
Assembleia Geral de Acionistas Investing to grow while focusing on quality of service and profitability ctt SHAREHOLDERS 2022 GENERAL MEETING Express & Parcels —- Volumes and capacity thousanditems per working day 3% ow 7 1 165 126 100 76 63 2019 2020 2021 2019 2020 prnecesens oo cece pene rene eben
Slide 20: Transformation in consumer habits
transformation in consumer habits FASTER
Slide 21: Breakeven well ahead of plan
breakeven well ahead of plan FASTER
Slide 22: Business solutions portfolio
Business solutions portfolio BPO Commerce services Other Mail & Doc. Management Support services Advertising Commerce services Transactional management verticals • • • • • • • • • • • • • • • • • • • • • FASTER
Slide 23: NewSpring acquisition: expertise, capacity and cross selling
Assembleia Geral de Acionistas NewSpring acquisition: focus on expertise, capacity and cross selling ctt ic 2022 SHARE New$Spring financials + € million, change vs. prior year Revenues EBITDA Recurring EBIT +12.6% +70.1% +93.5% CTT client base * Expand market share in 24.4 44 3.6 banking and insuran
Slide 24: Fruitful commercial activity
fruitful commercial activity • • • FASTER
Slide 25: Path of solid growth
path of solid growth • • • • • • FASTER
Slide 26: Growth, profitability and balance sheet optionality
Assembleia Geral de Acionistas Growth, profitability and balance sheet optionality ctt “i. 2022 Banco CTT - Revenues Banco CTT - Recurring EBIT 31 December 2021 Banco CTT Balance Sheet € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. 31 Dec 2020 +20.4% 2,
Slide 27: Better
= — — — ant ale | aI BETTER
Slide 28: Concession contract signed
Concession contract signed • • • • BETTER
Slide 29: Strong mix effect driving mail revenue growth
Assembleia Geral Strong mix effect resulting in higher-value mail and comparison effects drivin de Acionistas 6 ginig P 9 ctt : growth went. 2022 Mail revenues € million; % change vs. prior year Oo Delta (p.p.) FY20-FY21. +4.1% Hl Business solutions, advertising mail & other Average | revenue perite
Slide 30: Seizing cross-border synergies
Assembleia Geral de Acionistas Seizing cross-border synergies ctt -- 2022 SHAREH GENER: Operations & Innovation Procurement In operation: Benefits: * Optimization of Iberian linehaul network * 3 concentration hubs near the border enable cost reduction for IberianD+1 delivery v Improved scale * Benav
Slide 31: Cost efficiency initiatives are bearing fruits
cost efficiency initiatives are bearing fruits • • • • • • BETTER
Slide 32: Greener
Th st ELI! " agenens sic Wnag
Slide 33: Continued focus on ESG measures
Continued focus on ESG measures GREENER
Slide 34: Financial review
Slide 35: Relentless transformation: revenue growth and improved profitability
relentless transformation revenue growth and improved profitability 847.9 729.8 118.1 58.0 60.1 -1.8 61.9 -11.1 12.2 38.4 45.3
Slide 36: Growth in all business units propels double-digit revenue growth
Assembleia Geral de Acionistas Growthin all business units in FY21 propels double-digit revenue growth ctt 2022 Revenuest Revenues? breakdown € million; % change vs. prior year € million; % change vs. prior year; % of total 413.8% 847.9 Express & ~ Hi Parcels (6% 255.7 (+32.5%) | Mail & other? 847 9
Slide 37: OPEX reflects increased activity across business areas
Assembleia Geral de Acionistas OPEX reflects increased activity across the various business areas SHAREH GENER: ic 2022 Operating costs € million; % change vs. prior year +11.9% i | | \ ial FY200p. FY20 FY20 AE&P Mail AFS& ABanco FY21 FY21 FY210p. costs D&A Op.costs costs &other Retail (EBITDA) (Rec
Slide 38: Solid growth of recurring EBIT in 2021
Assembleia Geral de Acionistas Solid growth of recurring EBIT in 2021 underpinned by E&P performance ctt i 2022 SHAREHO Recurring EBIT* € million +44.8% 60.1 Recurring EBIT breakdown Fy2. Express 412.2 BancoCTT &Parcels 41.5 nN | FS&R Mail & other? FY20 Recurring EBIT AExpress & Parcels AMail & othe
Slide 39: Adjusted cash increased in FY21
Assembleia Geral de Acionistas Adjusted cashincreased by c-€6.8minFY21 ctt went. 2022 FY21 Cash flow 31 December 2021 Net financial debt? € million; impact on cash flow vs. prior year € million carr |_iii NNN s28.2¢24.5) i (+) Cash & cash equivalents 877.9 Non-cash items? P1si9 (-5.8) i (-) Net Fina
Slide 40: Outlook
2022 outlook
Slide 41: Business transformation and operations optimization
Business transformation and operations optimization Iberian footprint transformation initiatives mail profitability Banco CTT’s growth profitability and efficiency initiatives inorganic expansion opportunities
Slide 42: Shareholder remuneration
shareholder remuneration • • attractive shareholder remuneration policy pursue its objectives of investing in business growth Combine recurrent, dividend-based opportunistic shareholder remuneration, based on SBB • •
Slide 43: Disclaimer
pect Disclaimer DISCLAIMER This documenthas been prepared by CTT ~ Correios de Portugal, S.A. (the "Company" or "CTT") exclusively for use during the AGM22 presentation. As a consequence thereof, this document maynot be disclosed or published, nor used by any other person or entity, for any other re
Slide 44: CTT Investor Relations contacts
CTT Correios de Portugal, S.A. Investor Relations Contacts: Phone: +351 210 471087 E-mail: investors@ctt.pt ctt.pt - asi Froma parcel to whatever you want Froma parcel to whatever you wish for Froma parcel to whatever you dream of We connect people and companies
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