Posti Group Oyj · OMXHEX:POSTI
Posti Group Oyj — Q2 2021 Earnings Presentation
22 slides from Posti Group Oyj's earnings presentation, July 2021
Slide 1: Posti Group: Positive development of profitability continued, January-June 2021
Posti Group: Positive development of profitability continued January-June 2021
Slide 2: Responsibly delivering what matters to you – on your terms
Responsibly delivering what matters to you – on your terms
Slide 3: Posti in figures 4-6/2021
Posti in figures 4-6/2021 Net Sales EUR 404.3 million (EUR 392.3 million) Adjusted EBITDA EUR 46.4 million (EUR 34.5 million) Adjusted EBITDA-% 11.5% (8.8%) * Continuing operations
Slide 4: Financial highlights in Q2 2021 – profitability improved
Financial highlights in Q2 2021 – profitability improved • Net sales grew by 3.1% to EUR 404.3 (392.3) million. • Adjusted EBITDA increased to EUR 46.4 (34.5) million, or 11.5% (8.8%) of net sales. • EBITDA increased to EUR 45.2 (34.2) million, or 11.2% (8.7%) of net sales. • Adjusted operating resu
Slide 5: Operational highlights in Q2 2021 – favorable quarter for logistics
Operational highlights in Q2 2021 – favorable quarter for logistics • The overall parcel volume in Finland and the Baltic countries increased by 9%. • The transformation of postal services continued. The volume of addressed letters continued to decrease and decreased by 3%. • The combined net sales
Slide 6: Clear increase in freight volumes
Clear increase in freight volumes +20% +9% The number of parcels Parcel volume growth in going through Posti Finland and in the Parcel Lockers Baltics 4–6/2021 4–6/2021 13% -3% Freight volumes* Addressed letter 4–6/2021 volumes 4–6/2021 * Measured in waybills
Slide 7: Parcel & eCommerce and logistics business 61% (59%) of Group's net sales in Q2 2021
Parcel & eCommerce and logistics business 61% (59%) of Group’s net sales in Q2 2021* = Postal services = Parcel & eCommerce and logistics business *external net sales
Slide 8: Posti keeps expanding its parcel locker network with the increasing parcel volumes
Posti keeps expanding its parcel locker network with the increasing parcel volumes • Altogether 17.2 million parcels were delivered, growth • Posti is launching outdoor parcel lockers to respond the from previous year 1.4 million units increasing volumes.
Slide 9: Addressed letter volumes declined by 3%
Addressed letter volumes declined by 3% • Altogether 97 million addressed letters were delivered, decline from previous year 3 million items • The share of mail items covered by the universal service obligation accounted for only 2.3% (2.8%) of all Posti’s mail items delivered
Slide 10: Financials
Financials
Slide 11: Posti Group's Q2 net sales
Posti Group’s Q2 net sales Net sales grew by 3.1% to EUR 404.3 (392.3) million
Slide 12: Posti Group's Q2 adjusted EBITDA
Posti Group’s Q2 adjusted EBITDA Adjusted EBITDA improved to EUR 46.4 (34.5) million
Slide 13: Posti Group's key figures
Posti Group's key figures Net sales, EUR million Adjusted EBITDA, EUR million 46.4 11.5% 34.5 EBITDA, EUR million 45.2 112% 342 Adjusted operating result, EUR million 14.7 3.6% 31 Operating result, EUR million 13.6 34% 0.6 Result for the period, EUR million 12.3 3.1% 7.7 Return on capital employed (
Slide 14: Outlook and long-term financial targets
Outlook and long-term financial targets
Slide 15: Posti's updated outlook for 2021
Posti’s updated outlook for 2021 In 2021, Posti is expecting its net sales to increase from the previous year, excluding possible new acquisitions and divestments. The Group’s adjusted EBITDA in 2021 is expected to remain at the previous year’s level. The COVID-19 situation and the following economi
Slide 16: Long term financial targets
Long term financial targets Continuously increasing ordinary dividend, Adjusted EBITDA 13% but not exceeding annual net profit 4 80 Dividends paid 2 16 m5 * 97 10 a1 72 7 6 4 2 ° 2017, «2018 = 2019S 2020-—«*1-6 2021 2017* 2018** 2019 2020. ‘1-6 2021 ordinary dividend = extra dividend 5 * 2019 restat
Slide 17: Segments
Segments
Slide 18: Mail, Parcel and Logistics Services net sales break-down
Mail, Parcel and Logistics Services net sales break-down • Net sales increased to EUR 365.9 (357.0) million in April-June 2021 • The increase in Parcel and eCommerce was mainly due to the continued volume growth of eCommerce and online shopping. • The second quarter of the year is a high season in F
Slide 19: Mail, Parcel and Logistics Services key figures
Mail, Parcel and Logistics Services key figures • Adjusted EBITDA improved to EUR 43.9 (29.2) million in April-June 2021 • The improvement was mainly due to significantly improved profitability in Postal Services compared to the comparison period. The second quarter of 2020 was an exceptionally diff
Slide 20: Itella Russia key figures
Itella Russia key figures • In April-June, reported net sales remained at the previous year’s level EUR 12.7 (12.9) million • Net sales decreased in Contract Logistics due to restructuring actions of warehouses and grew in Transport compared to the second quarter of 2020 affected by COVID-19 related
Slide 21: Aditro Logistics key figures
Aditro Logistics key figures • Aditro Logistics’ net sales increased by 15.9% in April-June 2021 • The increase was mainly due to growth in net sales and volumes of contract logistics. • The adjusted EBITDA was EUR 3.3 (2.8) million • The improved result was mainly due to the better utilization rate
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