Singapore Post Ltd. · SGX:S08
Singapore Post — Q2 FY2008/09 Earnings Presentation
21 slides from Singapore Post's earnings presentation, Oct 30, 2008
Slide 1: SGX Miscellaneous Announcement: Presentation Slides
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: Q2 & H1 FY2008/09 Results
Singapore Post Limited Q2 & H1 FY2008/09 Results (Financial Year ending 31 March 2009) 30 October 2008 © 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: Q2 FY08/09 Highlights
Q2 FY08/09 Highlights Revenue • Growth in all 3 business segments 4.1% Operating 5.7% • Continued moderation expenses Underlying net 11.4% • Excluding one-off items profit • Q2 dividend of 1.25 cents Dividends 1.25 cents • No change in dividend policy 5 P
Slide 7: Overview
Overview Weakening economic outlook • Cautious outlook on business activities Positioned to weather economic downturn • Controlling costs • Leveraging innovation • Maintaining focus on growth Dividend commitment unchanged • Minimum annual payout of 5 cents per share 6 P
Slide 8: Q2 FY08/09 Group Results
Q2 FY08/09 Group Results Revenue $M 4.1% 120.7 116.0 • Growth of 4.1% amidst softening business climate Q2 FY07/08 Q2 FY08/09 Underlying Net Profit* $M • Net profit declined 5.6% 11.4% 38.7 34.8 • Excluding one-off items, underlying net profit grew 11.4% Q2 FY07/08 Q2 FY08/09 * Excluding one-off ite
Slide 9: Q2 FY08/09 Segment Results
Q2 FY08/09 Segment Results Revenue Operating Profit 0.7% • Reference Access Offer Mail 2.8% finalised • Launched vPOST Europe Logistics 6.4% 1.3% • Joined Kahala Posts Group Retail 8.6% 8.2% • Added remittance channel to Philippines 8 P
Slide 10: Q2 FY08/09 Operating Expenses
Q2 FY08/09 Operating Expenses Q2 Q2 $M Chg % chg FY07/08 FY08/09 Operating Expenses 78.9 83.4 +4.5 +5.7% Operating Expenses Breakdown $M • Operating expenses growth 7.2% 4.0% continued to moderate 33.0 30.8 29.2 30.4 6.0% 18.9 20.0 Labour and related Volume related costs Selling, costs Administrativ
Slide 11: Q2 FY08/09 P&L
Q2 FY08/09 P&L % $M Q2 FY07/08 Q2 FY08/09 Change change Revenue 116.0 120.7 +4.7 +4.1% Other income 11.5 7.3 (4.2) (36.3%) Operating expenses (78.9) (83.4) +4.5 +5.7% Operating profit 48.6 44.6 (4.0) (8.2%) Share of assoc & JVs 1.1 3.0 +1.8 +161.3% Net finance costs (2.0) (1.7) (0.3) (16.5%) Profit
Slide 12: H1 FY08/09 P&L
H1 FY08/09 P&L % $M H1 FY07/08 H1 FY08/09 Change change Revenue 231.5 241.6 +10.1 +4.3% Other income 18.6 15.7 (2.9) (15.8%) Operating expenses (156.1) (163.7) +7.6 +4.9% Operating profit 94.1 93.6 (0.5) (0.5%) Share of assoc & JVs 4.2 4.0 (0.2) (3.7%) Net finance costs (4.0) (3.4) (0.7) (16.7%) Pro
Slide 13: Segment Results, Financial Position, Dividend
Segment Results Financial Position Dividend 12 P
Slide 14: Mail – Q2 FY08/09 Results
Mail – Q2 FY08/09 Results Mail Revenue $M 2.8% 91.7 89.2 Mail Revenue Breakdown $M 2.6% 55.1 56.5 Q2 FY07/08 Q2 FY08/09 0.9% Mail Operating Profit 28.9 28.6 $M 14.3% 17.1% 0.7% 4.4 34.9 34.6 3.8 1.9 1.6 Domestic mail International Hybrid mail Philatelic mail Q2 FY07/08 Q2 FY08/09 Q2 FY07/08 Q2 FY08/
Slide 15: Logistics – Q2 FY08/09 Results
Logistics – Q2 FY08/09 Results Logistics Revenue $M 18.8 17.6 Logistics Revenue Breakdown 6.4% $M 5.2% 14.8 14.1 Q2 FY07/08 Q2 FY08/09 Logistics Operating Profit 28.9% $M 3.8 3.0 1.3% 2.5 2.5 Speedpost Warehousing, Fulfilment, Distribution & Others Q2 FY07/08 Q2 FY08/09 Q2 FY07/08 Q2 FY08/09 P 14
Slide 16: Retail – Q2 FY08/09 Results
Retail – Q2 FY08/09 Results Retail Revenue $M 8.6% 16.6 Retail Revenue Breakdown 15.3 $M 2.7% 10.3% 6.1 5.3 5.2 5.5 Q2 FY07/08 Q2 FY08/09 5.2 4.7 Retail Operating Profit $M 8.2% 2.5 2.7 Retail - Agency, Financial Services Inter-segment Products & Others Q2 FY07/08 Q2 FY08/09 Q2 FY07/08 Q2 FY08/09 P1
Slide 17: Q2 FY08/09 Financial Position
Q2 FY08/09 Financial Position Net cash inflow from operating activities Financial indicators $M Net debt $198.6M 173.7 160.8 149.7 Net gearing 0.87x 79.7 70.8 EBITDA to 29.7x interest expenses FY05/06 FY06/07 FY07/08 H1 H1 FY07/08 FY08/09 16 P
Slide 18: Dividends
Dividends Q2 FY08/09 dividend payout • 1.25 cents per share • Payment date – 28 November 2008 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 Q2 FY08/09 results • 4.1% revenue growth • 11.4% underlying net profit growth Positioned to weather economic downturn • Focus on cost control • Maintaining focus on growth Dividend commitment unchanged • Minimum annual payout of 5 cents per share 19 P
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