Ctt - Correios De Portugal Sa · EURONEXT:CTT
Ctt - Correios De Portugal Sa — Ctt Correios Portgl — 9M25 Earnings Presentation
20 slides from Ctt - Correios De Portugal Sa's earnings presentation, Oct 31, 2025
Slide 1: Committed to deliver – 9M25 Results Presentation
30 October 2025 20 March 2025 Committed to deliver 9M25 Results Presentation
Slide 2: Disclaimer
Disclaimer DISCLAIMER FORWARD-LOOKING STATEMENTS This document has been prepared by CTT – Correios de Portugal, S.A. (the “Company” or “CTT”) exclusively for This presentation contains forward-looking statements. All the statements herein which are not historical use during the presentation of the 9
Slide 3: Operational Review
ctt | Operational Review ts
Slide 4: Resilient organic growth: revenues +6%; recurring EBIT +12%
Resilient organic growth: revenues, +6%; recurring EBIT, +12% Overview Revenues1,2 Recurring EBIT1,2 € million; % change y.o.y. € million; % change y.o.y. +6.1% +12.3% 15.7 3.5 313.9 1.6 27.1 1.3 0.9 -2.4 0.7 295.8 24.1 -0.2 +17.2% 27.8 +38.1% 4.5 267.9 19.6 3Q24 CACESA 3Q24 ∆ E&P ∆ Mail ∆ Bank ∆ FS
Slide 5: Slight sequential acceleration in ecommerce volumes, despite typhoon Ragasa
Slight sequential acceleration in ecommerce volumes, despite typhoon Ragasa Express & Parcels E&P Volumes • Cross-border ecommerce Million items penalised by typhoon Ragasa affecting China and Southeastern Asia in late September (delaying volumes) +8.9% +8.0% • Evolution of average volumes per day a
Slide 6: Growing E&P revenues and recurring EBIT while expanding margins
Growing E&P revenues and recurring EBIT while expanding margins Express & Parcels E&P Revenues E&P Recurring EBIT € million; % change y.o.y. Cacesa1 € million; % change y.o.y. Margin, reported Reported 8.7% 9.5% +10.6% 163.6 +4.5% 147.9 15.6 +36.3% 14.9 27.8 4.5 +50.0% 120.1 10.4 3Q24 3Q25 3Q24 3Q25
Slide 7: Mail volumes already improved in 3Q25
Mail volumes already improved in 3Q25 Mail & Other Addressed mail volumes Mail & Other Revenues Mail & Other Recurring EBIT Million objects € million € million • 3Q25: -4.3% y.o.y., already Margin: 0.8% 0.8% showing signs of improvement -1.9% 348.2 341.6 -8.5% 288.5 263.8 -2.5% 2.8 2.8 9M24 9M25 9M2
Slide 8: Performance underpinned by solid public debt trends
Performance underpinned by solid public debt trends Financial Services Public debt placements Healthcare plans FS | Revenues & Rec. EBIT € million # users € million 3Q24 3Q25 +69.0% 43,618 +167.2% 38,661 12.8% +57.0% 1,156 +740% 32,414 9.8 25,815 +44.8% 6.2 5.2 433 3.6 3,075 3Q24 3Q25 2023 2024 1Q25
Slide 9: Continued growth of business volumes while managing the interest rate cycle
Continued growth of business volumes while managing the interest rate cycle Banco CTT BCTT Business volumes BCTT banking revenues BCTT Profit Before Tax • Within the € million € million € million guidance of flat Current EBIT and ROTE NIM: ROTE2: Accounts1: 675.7 701.4 2.2% 2.1% 12.4% 13.0% 11.4% +3
Slide 10: Financial Review
ctt Financial Review
Slide 11: Resilient growth: key financial indicators
Resilient growth Financial Review Key financial indicators € million; % change vs. prior year Quarter 9 months 3Q24 3Q25 y.o.y. 9M24 9M25 y.o.y. Revenues1 267.9 313.9 +17.2% 792.3 911.2 +15.0% 228.1 265.8 +16.5% 681.7 776.4 +13.9% Operating costs - EBITDA2 39.8 48.1 +20.8% 110.6 134.8 +21.9% EBITDA2
Slide 12: E&P continues to be the main contributor to organic growth
E&P continues to be the main contributor to organic growth Financial Review Revenues1 Revenue1 breakdown € million; %y.o.y. € million; %y.o.y.; % of total +6.1% 9M25 15.7 3.5 313.9 1.3 -2.4 % of 295.8 11.4% total Express & +17.2% 3.4% Parcels 27.8 47.7% 434.2 (+31.4%) 267.9 Mail & Other3 911.2 341.6
Slide 13: Evolution of costs driven by consolidation of Cacesa and organic growth
Evolution of costs driven by consolidation of Cacesa and organic growth Financial Review Operating costs1 +5.6% € million; % change vs. prior year 15.1 1.9 1.5 286.8 271.6 -3.3 21.0 265.8 13.4% 23.3 248.3 20.2 228.1 3Q24 Op. 3Q24 D&A 3Q24 Op. CACESA 3Q24 Op. ∆ Express ∆ Mail & ∆ Financial ∆ Bank 3Q2
Slide 14: Diversified profitable growth
Diversified profitable growth Recurring EBIT1 Recurring EBIT1 breakdown € million; % change vs. prior year +1.3pp € million; % change vs. prior year; % of total +0.5pp, organic Margin: 7.3% 8.2% 8.6% +12.3% 9M25 1.6 27.1 0.9 % of 24.1 0.7 -0.2 total 25.0% Express & +38.1% Parcels 4.5 36.5 (+51.6%) 1
Slide 15: Growth in EBITDA, OCF and FCF
Growth in EBITDA, OCF and FCF Financial Review 9M25 Cash flow Net financial debt as at 30 September 20251 € million; impact on cash flow vs. prior year € million EBITDA 134.8 (+24.2) Consolidated IFRS16 affecting EBITDA -32.8 (-3.7) (+) Cash & cash equivalents 281.6 Impairments 11.3 (-1.1) (-) Net F
Slide 16: Albeit 3Q is seasonally softer, cash flow improved in 2025 vs. 2024
Albeit 3Q is seasonally softer, cash flow improved in 2025 vs. 2024 Financial Review 9M25 Cash flow Evolution of net debt EBITDA and leverage € million; with Banco CTT under equity method € million; with Banco CTT under equity method € million; with Banco CTT under equity method impact on cash flow
Slide 17: Outlook & Final Remarks
ctt Outlook & Final Remarks
Slide 18: Against a softer 3Q25, we keep our ambition of >€115m recurring EBIT in 2025
Against a softer 3Q25, we keep our ambition of “>€115m” recurring EBIT in 2025 Recurring EBIT €m • 1Q25: +19.5% y.o.y Cacesa • 2Q25: +27.8% y.o.y CTT Reported 105 • 3Q25: +12.3% y.o.y E&P +7.2% 88 85 +10.3% 66 41.0 37.2 65 60 6.6 +34.4% 41 49 30.5 36 20 12 9 0 -10 4Q24 4Q25, implied 2019 2020 2021 2
Slide 19: In our CMD, we will update our strategy and disclose our ambition for 2028
In our CMD, we will update our strategy and disclose our ambition for 2028 FINAL REMARKS Lisbon | 3 & 4 November 2025 Join us for this milestone moment 19
Slide 20: Commitment with Purpose
Commitment with Purpose 9M25 Results Presentation Investor Relations Phone: +351 210 471 087 E-mail: investors@ctt.pt ctt.pt 30 October 2025