Slide 1: Austrian Post Q1 2013 Investor Presentation
AUSTRIAN POST Q1 2013 INVESTOR PRESENTATION Georg Pölzl/CEO, Walter Oblin/CFO Vienna, May 17, 2013
Slide 2: Highlights and overview; Group results in detail; Outlook 2013
1. Highlights and overview 2. Group results in detail 3. Outlook 2013 INVESTOR PRESENTATION Q1 2013 I Investor Relations I Vienna, May 17, 2013 2
Slide 3: Highlights Q1 2013
HIGHLIGHTS Q1 2013 § Mail business in Austria benefits from positive revenue effects 1 Market § Ongoing growth of the Austrian parcel market environment § Strong competition in the international parcel business § Revenue up 1.3% (excl. Benelux) 2 Revenue § Slight growth in the letter and parcel segm
Slide 4: Clear strategic priorities for 2013
CLEAR STRATEGIC PRIORITIES FOR 2013 1. DEFENDING MARKET 2. GROWTH IN SELECTED LEADERSHIP IN THE CORE MARKETS BUSINESS Exploit market Increase revenue and opportunities in Austria profitability 3. ENHANCING EFFICIENCY 4. CUSTOMER ORIENTATION AND FLEXIBILISATION OF AND INNOVATION THE COST STRUCTURE Co
Slide 5: Defending market leadership: exploit opportunities in Austria
1. DEFENDING MARKET LEADERSHIP: EXPLOIT OPPORTUNITIES IN AUSTRIA Opportunities in the mail business in election year 2013 State Parliaments in Carinthia and Lower Austria - 2 referendums Referendum on the army - 4 regional elections Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec - Governmental ele
Slide 6: Growth in selected markets: increase revenue and profitability
2. GROWTH IN SELECTED MARKETS: INCREASE REVENUE AND PROFITABILITY Continuation of growth path in Revenue development in CEE/SEE EUR m CEE/SEE >100 85.7 89.0 80.9 - Acquisitions in Romania, Poland 72.6 73.3 and Bulgaria - Negotiations on purchasing a minority interest in Turkey 2008 2009 2010 2011 20
Slide 7: Parcel & Logistics: Trans-o-flex focus and system change
2. PARCEL & LOGISTICS: TRANS-O-FLEX FOCUS AND SYSTEM CHANGE Growth focus on the pharmaceuticals segment - Opening of Alzenau Pharmaceutical Centre - ThermoMed shows a positive trend - Expansion of ThermoMed business in Austria - EU guideline “Good Distribution Practice” (GDP) strengthen pharmaceutic
Slide 8: Improved efficiency and cost structure: structural change in branch network
3. IMPROVED EFFICIENCY AND COST STRUCTURE: STRUCTURAL CHANGE IN THE BRANCH NETWORK Sustainable structural transformation of the branch network in order to improve service and the cost structure approx. 2,000 1,880 1,925 1,850 1,552 Statutory minimum of 1,650 418 1,117 1,258 1,371 approx. Postal 1,50
Slide 9: Improved efficiency and cost structure: investments in sorting technologies
3. IMPROVED EFFICIENCY AND COST STRUCTURE: INVESTMENTS IN SORTING TECHNOLOGIES Innovative sorting technologies Enhanced productivity New “flat sorters“ at 6 locations throughout Austria: fully automatic sorting of 38,000 mail items/hour New logistics centre in Upper Austria Capacity expansion and hi
Slide 10: Customer orientation and innovation: promotion of self-service solutions
4. CUSTOMER ORIENTATION AND INNOVATION: PROMOTION OF SELF-SERVICE SOLUTIONS Track & Trace Post Drop-Off Box SMS/E-mail notification 2012: 100 Target 2013: 200 Post Pick-Up Box 2012: 2,000 Target 2013: 5,000 Franking machine 2012: 50 Target 2013: 200 Notification: new with barcode Post24 stations and
Slide 11: Group revenue up 1.3% in Q1 2013
GROUP REVENUE UP 1.3% IN Q1 2013 Revenue development EUR m Group revenue: -0.5% / +1.3% Increase of 1.3% to EUR 602.9m (excl. Benelux excl. Benelux subsidiaries in Q1 2012) 605.7 602.9 Mail & Branch Network: Revenue growth thanks to acquisitions and positive revenue effects in Q1 2013 +1.5% 385.0 39
Slide 12: Group EBIT up 2.4% in Q1 2013
GROUP EBIT UP 2.4% IN Q1 2013 Earnings development (EBIT) EUR m Group EBIT : +2.4% Rise of 2.4% to EUR 59.7m 58.3 +2.5 59.7 -0.4 -0.7 Mail & Branch Network: Earnings improvement due to cost discipline and positive revenue effects in 2013 Parcel & Logistics: Earnings slightly below strong prior-year
Slide 13: Highlights and overview; Group results in detail; Outlook 2013
1. Highlights and overview 2. Group results in detail 3. Outlook 2013 INVESTOR PRESENTATION Q1 2013 I Investor Relations I Vienna, May 17, 2013 13
Slide 14: Overview of key financial indicators in Q1 2013
OVERVIEW OF KEY FINANCIAL INDICATORS IN Q1 2013 Q1 2012 Q1 2013 Revenue slightly below previous year, 1 Revenue 605.7 602.9 excl. Benelux revenue up 1.3% 2 EBITDA margin 12.9% 13.3% Positive revenue effects and cost discipline 3 EBIT margin 9.6% 9.9% Further increase in profitability 4 Ergebnis/Akti
Slide 15: Key income statement indicators
KEY INCOME STATEMENT INDICATORS Change EUR m Q1 20121 Q1 2013 % absolute Revenue 605.7 602.9 -0.5% -2.8 Revenue excl. Benelux 594.9 602.9 +1.3% +8.0 Revenue increase of 1.3% Raw materials and services used -190.9 -187.2 -1.9% -3.7 Staff costs -281.8 -280.2 -0.6% -1.6 Stable staff costs Other operati
Slide 16: Mail & Branch Network division: revenue trends in Q1 2013
MAIL & BRANCH NETWORK DIVISION: REVENUE TRENDS IN Q1 2013 Letter Mail & Mail Solutions Direct Mail and Media Post Positive revenue effects of about EUR 10m: - Positive revenue effects of about EUR 6m due to - Consolidation of new CEE subsidiaries consolidation of new CEE subsidiaries and elections -
Slide 17: Mail & Branch Network division: key income statement indicators
MAIL & BRANCH NETWORK DIVISION: KEY INCOME STATEMENT INDICATORS Change EUR m Q1 20121 Q1 2013 % absolute Revenue (external sales) 385.0 391.0 +1.5% +6.0 Revenue increase of 1.5% due to § Letter Mail & Mail Solutions 205.2 209.5 +2.1% +4.3 acquisitions and § Direct Mail 109.7 112.8 +2.8% +3.1 positiv
Slide 18: Parcel & Logistics division: revenue trends Q1 2013
PARCEL & LOGISTICS DIVISION: REVENUE TRENDS Q1 2013 Germany1 3.4% 2.9% Germany: Revenue decline due to competitive environment and focus -1.3% 3.0% -4.2% on profitability Austria 12.2% 11.3 11.4% Austria: 10.6% 10.4% Growth momentum from online shopping and higher market share in the business custom
Slide 19: Parcel & Logistics division: key income statement indicators
PARCEL & LOGISTICS DIVISION: KEY INCOME STATEMENT INDICATORS Change EUR m Q1 20121 Q1 2013 % absolute External sales 220.8 212.1 -3.9% -8.6 External sales excl. Benelux 210.0 212.1 +1.0% +2.2 Revenue rise of 1.0% § Premium Parcel/B2B 169.4 158.9 -6.2% -10.4 § Standard Parcel/X2C 43.6 45.9 +5.2% +2.3
Slide 20: Early application of IAS 19 (revised)
EARLY APPLICATION OF IAS 19 (REVISED) - IAS 19 (revised): Reclassification of actuarial gains/losses from the income statement (recognised in profit or loss) to equity (with no affect on profit or loss) - Changes in the following items: staff costs, results of investments consolidated at equity and
Slide 21: Balance sheet structure with high level of cash and cash equivalents
BALANCE SHEET STRUCTURE WITH HIGH LEVEL OF CASH AND CASH EQUIVALENTS Liquid financial resources of EUR 371m Dividend payment of EUR 122m on May 2, 2013 Financial liabilities of only 1,720 1,720 EUR 22m Cash and cash Financial liabilities 22 equiv./securities 371 Liabilities/Other 367 Shareholdings/
Slide 22: Solid cash flow
SOLID CASH FLOW EUR m Effect from neutralisation of reclassification of provisions on the basis of terms to maturity of EUR 15.5m 86.8 88.6 - Payment of customer bonuses - Reduction of liabilities, for example for employees 71.3 transferring to the federal public service 49.8 -38.7 +0.5 28.1 -22.3 Q
Slide 23: Highlights and overview; Group results in detail; Outlook 2013
1. Highlights and overview 2. Group results in detail 3. Outlook 2013 INVESTOR PRESENTATION Q1 2013 I Investor Relations I Vienna, May 17, 2013 23
Slide 24: Outlook 2013 is confirmed
OUTLOOK 2013 IS CONFIRMED § Ongoing electronic substitution of addressed letter mail, stable Market development of advertising mail, impetus from elections in 2013 environment § Growth in the private parcel customer segment, ongoing intensive competition continues for business parcel customers § Med
Slide 25: Contact
CONTACT Austrian Post Financial calendar 2013 Investor Relations May 17, 2013 Interim report Q1 2013 Haidingergasse 1, 1030 Vienna Aug. 7, 2013 Half-year financial report 2013 Website: www.post.at/ir Nov. 14, 2013 Interim report Q1-3 2013 E-mail: investor@post.at Phone: +43 57767-30401 Fax: +43 5776
Slide 26: www.post.at
WWwW.pestat