Singapore Post Ltd. · SGX:S08
Singapore Post — Q1 FY2014/15 Earnings Presentation
14 slides from Singapore Post's earnings presentation, Aug 5, 2014
Slide 1: Q1 FY2014/15 Financial Results
Q1 FY2014/15 Financial Results Quarter April – June 2014 Financial year ending 31 March 2015 5 August 2014
Slide 2: Agenda
Agenda Executive Summary Financial Results Group Outlook 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 conta
Slide 3: Executive Summary
Executive Summary $M Q1 FY14/15 Q1 FY13/14 YoY % change Revenue 210.9 201.3 +4.8% Operating expenses 177.9 163.8 +8.6% Underlying net profit 36.2 36.2 (0.2%) Good business • Growth in ecommerce related contributions continue to offset performance; one-off declines in traditional postal business gain
Slide 4: Executive Summary Financial Results Group Outlook
Executive Summary Financial Results Group Outlook 3
Slide 5: Q1 FY2014/15 P&L Highlights
Q1 FY2014/15 P&L Highlights Continued investments into transformation in FY2014/15 Q1 Q1 YoY % $M FY14/15 FY13/14 change Revenue 210.9 201.3 +4.8% Driven by ecommerce activities Other income 16.4 11.0 +49.7% Gain on disposal of property Operating expenses 177.9 163.8 +8.6% Operating profit 49.4 48.5
Slide 6: Mail: Q1 FY2014/15 Performance
Mail: Q1 FY2014/15 Performance Mail segment performance Q1 Q1 YoY % $M FY14/15 FY13/14 change Revenue 123.2 114.7 +7.4% Operating profit 35.0 36.8 (4.8%) OP margin 28.4% 32.1% Continued decline in traditional postal business mitigated by growth in international ecommerce transhipment Mail revenue br
Slide 7: Logistics: Q1 FY2014/15 Performance
Logistics: Q1 FY2014/15 Performance Logistics segment performance Q1 Q1 YoY % $M FY14/15 FY13/14 change Revenue 97.6 93.8 +4.1% Operating profit 3.8 3.3 +16.0% Continued revenue growth from OP margin 3.9% 3.5% Logistics business lines, despite impact from restructuring of business lines and overseas
Slide 8: Retail & eCommerce: Q1 FY2014/15 Performance
Retail & eCommerce: Q1 FY2014/15 Performance Retail & eCommerce segment performance Q1 Q1 YoY % $M FY14/15 FY13/14 change Revenue 22.8 20.8 +9.7% Operating profit 2.9 2.8 +2.5% OP margin 12.5% 13.4% Higher ecommerce and financial services revenues offset declines in retail and agency services Retail
Slide 9: Operating Expenses: Q1 FY2014/15
Operating Expenses: Q1 FY2014/15 Revenue vs operating expenses growth Q1 Q1 YoY % $M FY14/15 FY13/14 change Revenue 210.9 201.3 +4.8% Operating 177.9 163.8 +8.6% expenses Higher operating expenses with business growth Operating expenses breakdown Q1 Q1 YoY % Increased business costs and $M FY14/15 F
Slide 10: Financial Position and Cash Flow
Financial Position and Cash Flow Balance sheet highlights As at As at $M Jun 14 Mar 14 Ordinary shareholders’ equity 386.6 346.8 Borrowings 236.9 234.1 Net cash 209.8 170.3 Healthy financial position and (Cash – borrowings – perp. securities)/Equity 0.4x 0.5x cash flows EBITDA to interest expenses 3
Slide 11: Executive Summary Financial Results Group Outlook
Executive Summary Financial Results Group Outlook 10
Slide 12: Focused Execution of Transformation Strategy
Focused Execution of Transformation Strategy On the next trajectory of the Group’s transformation to be a regional leader in ecommerce logistics and trusted communications Committed to service obligations and Investment into regional ecommerce quality of service as Public Postal Licensee network for
Slide 13: Continuing to Strengthen our eCommerce Logistics Pillar
Continuing to Strengthen our eCommerce Logistics Pillar Regional Leader in eCommerce Logistics & Trusted Communications Protecting the Core Growing the Wings Digital Retail & Mail Logistics eCommerce Services Fin’l Services Freight, Customs & Warehousing Last Mile Delivery eCommerce Regulations Mgmt
Slide 14: Financial statements available on SGXNET and website
The complete set of financial statements is available on SGXNET and our website at www.singpost.com. 13 13