Slide 1: Interim report 1-3/2019
Posti Group Corporation Interim report 1-3/2019 Net sales on a same level as last year in declining postal market - divestment of OpusCapita completed 1 Posti Group 10/24/2018
Slide 2: Posti in figures
Q1/2019: Net sales on the Posti in figures Net sales 396.6 same level as last year, driven by (394.9) EUR million Transval acquisition Adjusted operating result 12.9 (13.2) Posti completed EUR million the divestment of OpusCapita 20 983 number of personnel The level of 11.3 volume decline million pa
Slide 3: Posti Group: Q1 Highlights
Posti Group: Q1 Highlights • Net sales increased by 0.4% to 396.6 EUR million (394.9) EUR million. It was attributable to the development of Mail, Parcel and Logistics -segment. However, within the segment, development was two-dimensional. Net sales decreased both in Postal Services and in Parce
Slide 4: Business Environment and Strategy
Business Environment and Strategy
Slide 5: The Finnish economy is still growing and e-commerce trend continues
The Finnish economy is still growing and e-commerce trend continues Finland´s gross domestic • E-commerce has continued its product (GDP) is forecasted growth. Last year, digital to grow to purchases by Finns grew by about six per cent, and growth is 1.5% in 2019, expected to strengthen - but econom
Slide 6: Parcel volumes keep growing
Parcel volumes keep growing The number of parcels going Parcel volume growth in Parcel volumes (million units) in Finland and in the Baltics through Posti Parcel Lockers Finland and in the Baltics 1–3/2019 1–3/2019 +27 % +8 % Freight volumes* Addressed letter volumes 1-3/2019 1-3/2019 +1 % -14 % * T
Slide 7: Good progress towards our strategic targets
Good progress towards our strategic targets • Posti continues its growth in logistics: Transval 1. Keep mail relevant to acquisition completed. customers • Divestment of OpusCapita Solutions Oy 2. Win e-commerce play completed. • The number of parcel points increased: there are now over 1,178 parcel
Slide 8: Q1 Financials
Q1 Financials
Slide 9: IFRS 16 impact on Q1 2019 key figures
IFRS 16 impact on Q1 2019 key figures * • IFRS 16 standard has biggest impacts on EBITDA, net debt and key figures related to indebtedness. • Net debt / adjusted EBITDA changes significantly and will reflect IFRS 16 fully at the end of year as adjusted EBITDA calculated as a rolling 12 months figure
Slide 10: Posti Group Q1 net sales
Posti Group Q1 net sales • Q1 net sales increased by 0.4% to 397 EUR million (395 EUR million) 10 Posti Group
Slide 11: Posti Group Q1 adjusted operating result
Posti Group Q1 adjusted operating result • Q1 adjusted operating result declined by 0.3 EUR million to 12.9 EUR million (13.2 EUR million) 11 Posti Group
Slide 12: Posti's total costs structure trend
Posti´s total costs structure trend • Cost structure is slightly higher than in the comparison period due to Transval acquisition • Declining mail volume needs to be off-set by cost structure development 12 Posti Group * includes depreciation and amortization, excludes impairment losses
Slide 13: Long term financial targets
Long term financial targets 13 Posti Group * continuing operations ** Q1 2019 is not comparable with previous years due to IFRS 16
Slide 14: Segments
Segments 14 Posti Group
Slide 15: Mail, Parcel and Logistics Services Q1 key figures
Mail, Parcel and Logistics Services Q1 key figures • Postal Services net sales decrease was driven by a decline in volume, which was largely mitigated by pricing, product mix and delivery speed changes. • Parcel and Ecommerce net sales decreased slightly because of the negative development in cross-
Slide 16: Itella Russia Q1 key figures
Itella Russia Q1 key figures • Itella Russia’s net sales measured in local currency decreased by 19.0%. ItellaRussia’s Net salesnet sales was measured affected in localof by the closing currency warehouses decreasedin by the5.6%. regions. Reported euro- denominated net sales decreased by 14.7% to E
Slide 17: Outlook
Henkilöstökulut laskivat Outlook Henkilöstö 17 561 17 454 keskimäärin (FTE), työntekijää Milj.euroa 30.6.2018 30.6.2017 Työsuhde-etuuksista -173,3 -177,9 aiheutuvat kulut -127,1 -126,1 Materiaalit ja palvelut Liiketoiminnan muut kulut -84,1 -91,1 17 Posti Group 10/24/2018
Slide 18: Outlook for 2019
Outlook for 2019 Net sales of continued operations, excluding possible new acquisitions and divestments, is expected to increase from 2018 driven by Transval acquisition. The Group’s adjusted operating result, of continued operations, is expected to increase from 2018 due to Transval acquisition and
Slide 19: Posti Group
19 Posti Group