Singapore Post Ltd. · SGX:S08
Singapore Post — Q3 FY2008/09 Earnings Presentation
21 slides from Singapore Post's earnings presentation, Jan 30, 2009
Slide 1: SGX Announcement: Presentation Slides for Q3 and 9M Results
MISCELLANEOUS Page 1 of 1 Print this page Miscellaneous * Asterisks denote mandatory information Name of Announcer * SINGAPORE POST LIMITED Company Registration No. 199201623M Announcement submitted on behalf of SINGAPORE POST LIMITED Announcement is submitted with SINGAPORE POST LIMITED respect to
Slide 2: Q3 & 9M FY2008/09 Results
Singapore Post Limited Q3 & 9M FY2008/09 Results (Financial Year ending 31 March 2009) 30 January 2009 © 2008 Singapore Post Limited. All rights reserved.
Slide 3: Forward-looking Statements – Important Note
Forward-looking Statements – Important Note The following presentation contains forward looking statements by the management of Singapore Post Limited ("SingPost"), relating to financial trends for future periods, compared to the results for previous periods. Some of the statements contained in this
Slide 4: Contents
Contents • Highlights • Overview • Group Results • Segment Results • Financial Position • Dividend • Summary 3 P
Slide 5: Highlights, Overview, Group Results
Highlights Overview Group Results 4 P
Slide 6: Q3 FY08/09 Highlights
Q3 FY08/09 Highlights Key Highlights • Slower growth amidst slowdown in Revenue 1.6% economic and business activities • Moderate increases in certain cost Operating 5.5% categories; higher provisions in view of expenses economic recession • Quarterly payout of 1.25 cents per Dividends 1.25 cents sha
Slide 7: Overview
Overview Weak economic outlook Government forecast of 2-5% contraction Strengthening position to weather downturn Managing costs and capacity Maintaining focus on growth 6 P
Slide 8: Q3 FY08/09 Group Results
Q3 FY08/09 Group Results Q3 FY08/09 % change • Slower growth amidst economic Revenue $124.0M 1.6% recession • Contribution from higher rental income Underlying 0.2% $36.6M net profit * * Excluding one-off items and gains/losses on sale of investments, properties, plant and equipment. 7 P
Slide 9: Q3 FY08/09 Segment Results
Q3 FY08/09 Segment Results Revenue Operating Profit • Launch of AM Mail Mail 1.5% 1.1% • Transforming postal experience – Launch of “Post-on-Wheels” Logistics 2.1% 9.7% – Re-purposing of post offices • 7th consecutive Speedpost Worldwide EMS Gold Level Award Retail 5.5% 30.2% 8 P
Slide 10: Q3 FY08/09 Operating Expenses
Q3 FY08/09 Operating Expenses Q3 Q3 $M Chg % chg FY07/08 FY08/09 Operating Expenses 82.7 87.2 +4.6 +5.5% Operating Expenses Breakdown $M • Continued moderation in labour, volume-related 4.9% 3.3% expenses 32.4 32.1 33.2 30.9 10.2% • Controlled temporary/contract labour costs 21.7 19.7 • Increase in
Slide 11: Q3 FY08/09 P&L
Q3 FY08/09 P&L $M Q3 FY07/08 Q3 FY08/09 Change % change Revenue 122.0 124.0 +1.9 +1.6% Other income 6.8 8.9 +2.1 +30.6% Operating expenses (82.7) (87.2) +4.6 +5.5% Operating profit 46.2 45.7 (0.5) (1.2%) Share of assoc & JVs 1.1 1.1 - (1.3%) Net finance costs (1.9) (1.9) - (0.9%) Profit before tax 4
Slide 12: 9M FY08/09 P&L
9M FY08/09 P&L $M 9M FY07/08 9M FY08/09 Change % change Revenue 353.5 365.5 +12.0 +3.4% Other income 25.5 24.6 (0.8) (3.3%) Operating expenses (238.7) (250.9) +12.2 +5.1% Operating profit 140.3 139.2 (1.0) (0.7%) Share of assoc & JVs 5.3 5.1 (0.2) (3.2%) Net finance costs (6.0) (5.3) (0.7) (11.0%) P
Slide 13: Segment Results, Financial Position, Dividend
Segment Results Financial Position Dividend 12 P
Slide 14: Mail – Q3 FY08/09 Results
Mail – Q3 FY08/09 Results Mail Revenue $M 94.2 95.5 1.5% Mail Revenue Breakdown $M 1.3% 58.3 57.5 Q3 FY07/08 Q3 FY08/09 Mail Operating Profit 31.1 31.1 $M 14.5% 2.7% 1.1% 4.5 37.0 36.6 3.9 1.6 1.7 Domestic mail International Hybrid mail Philatelic mail Q3 FY07/08 Q3 FY08/09 Q3 FY07/08 Q3 FY08/09 13
Slide 15: Logistics – Q3 FY08/09 Results
Logistics – Q3 FY08/09 Results Logistics Revenue $M 18.1 2.1% 18.5 Logistics Revenue Breakdown $M 1.6% 14.5 14.7 Q3 FY07/08 Q3 FY08/09 Logistics Operating Profit 25.5% $M 3.9 3.1 9.7% 2.4 2.1 Speedpost Warehousing, Fulfilment, Distribution & Others Q3 FY07/08 Q3 FY08/09 Q3 FY07/08 Q3 FY08/09 P 14
Slide 16: Retail – Q3 FY08/09 Results
Retail – Q3 FY08/09 Results Retail Revenue $M 16.2 15.4 5.5% Retail Revenue Breakdown $M 16.6% 1.8% 2.0% 6.1 Q3 FY07/08 Q3 FY08/09 5.3 5.2 4.8 5.2 4.9 Retail Operating Profit $M 30.2% 3.8 2.6 Retail - Agency, Financial Services Inter-segment Product & Others Q3 FY07/08 Q3 FY08/09 Q3 FY07/08 Q3 FY08/
Slide 17: Q3 FY08/09 Financial Position
Q3 FY08/09 Financial Position Net cash inflow from operating activities Financial indicators $M 173.7 Net debt $173.4M 160.8 149.7 132.9 133.8 Net gearing 0.72x EBITDA to 28.4x interest expenses FY05/06 FY06/07 FY07/08 9M 9M FY07/08 FY08/09 16 P
Slide 18: Dividends
Dividends Q3 FY08/09 dividend payout • 1.25 cents per share • Payment date – 27 February 2009 Dividend policy • Minimum annual payout of 5 cents per share • Quarterly payments on 1.25 cents based on minimum payout • Final payout ratio determined at FY end 17 P
Slide 19: Summary
Summary 18 P
Slide 20: Summary
Summary Q3 FY08/09 results • Initial impact of economic downturn Weak economic outlook • Adapting strategic focus to strengthen Group • Focused on costs and capacity as well as growth opportunities Healthy financial position • Cash flow generative • Minimum annual dividend payout of 5 cents per shar
Slide 21: Financial statements available on SGXNET and website
The complete set of financial statements is available on SGXNET and our website at www.singpost.com. 20 P