Slide 1: Posti Group: Solid improvement of profitability, despite continued market changes
Posti Group: Solid improvement of profitability, despite continued market changes January-March 2021
Slide 2: Responsibly delivering what matters to you – on your terms
Responsibly delivering what matters to you – on your terms
Slide 3: Posti in figures 1-3/2021
Group's net sales, EUR million and change, % 2000 9 0.3% 3.1% 1,564.6 1,613.6 1500 1000 2019* 2020 2021Q1 Group's adjusted EBITDA, EUR million and asa percent of net sales 250 11.6% 200 93.7% 186.5 152.3 150 100 2019* 2020 2021Q1 * Continuing operations Posti in figures 1-3/2021 Net Sales EUR 396.4
Slide 4: Financial highlights in Q1 2021 – profitability improved
Financial highlights in Q1 2021 – profitability improved • Net sales grew by 3.2% to EUR 396.4 (384.2) million. • Adjusted EBITDA was EUR 46.0 (40.8) million, or 11.6% (10.6%) of net sales. • EBITDA increased to EUR 45.8 (40.1) million, or 11.6% (10.4%) of net sales. • The adjusted operating result
Slide 5: Operational highlight in Q1 2021 – transformation continues
Operational highlight in Q1 2021 – transformation continues • The rapid transformation of postal services continued. The overall volume of addressed letters decreased by 14% (-15%). • The total parcel volume in Finland and the Baltic countries increased by 25% (6%), boosted by the accelerated increa
Slide 6: We continue to invest to become a modern delivery and fulfillment company
We continue to invest in order to become a modern delivery and fulfillment company with progressive profitability Parcel locker network Transval Aditro Logistics In March, we opened the largest In February, we announced In February, we announced parcel locker in Europe in investments of some EUR 37
Slide 7: Parcel volumes keep growing
Parcel volumes keep growing Parcel volumes (million units) in Finland and in the Baltics and change, % 25) =2020 2021 20 16.1 58 151 : +32% The number of parcels going through Posti Parcel Lockers 1-3/2021 4% Freight volumes* 1-3/2021 * Measured in waybills +25% Parcel volume growth in Finland and i
Slide 8: Parcel & eCommerce and logistics business 59% (51%) of net sales in Q1 2021
Parcel & eCommerce and logistics business 59% (51%) of net sales in Q1 2021 Itella Russia Aditro Logistics 6 % (N/A) 3% (5%) Freight Services 10 % (11%) Postal Services 39% (45%) Transval 12 % (12%) Parceland eCommerce 30 % (28%) Pos = Postalservices | = Parcel & eCommerce and logistics business (%)
Slide 9: Parcel volumes boosted by continued volume growth of eCommerce and online shopping
Parcel volumes boosted by continued volume growth of eCommerce and online shopping Parcel volumes (million units) in Finland and in the Baltics and change, % Number of Posti parcel lockers (units) and growth of parcels delivered through parcel lockers, % 2500 2000 1,906 1,928 1500 1000 500 ° 2019 20
Slide 10: Addressed letter volumes declined by 14%
Addressed letter volumes declined by 14% Addressed letter volumes (million units) and chang: 200 150 100 50 2019 qi 2019 Qz 2019 Q@ 2019 oe 2020 fe) 2020 Qz 2020 Q@ 2020 oe 2021 qi o% 5% -10% 5% -20% -25% -30% + Altogether 107 million addressed letters were delivered, decline from previous year 18 m
Slide 11: Financials
Financials
Slide 12: Posti Group’s Q1 net sales
Posti Group’s Q1 net sales Netsales grew by 3.2% to EUR396.4 (384.2) million 5 2021 QI vs 2020 QI change of net sales by business, Group's net sales, EUR mi and change, % EUR million 5007 © 2020 #2021 455.9 450 | 400 | 3842 396.4 3923 350 + 300 + 250 + 200 150 100 50 4 ° QF 25.4 ae soy 396.4 Net Pos
Slide 13: Posti Group’s Q1 adjusted EBITDA
Posti Group’s Q1 adjusted EBITDA Adjusted EBITDAimproved to EUR 46.0 (40.8) million Group's adjusted EBITDA, EUR million and asa percent of net sales 70 20 10 = 2020 =2021 11.6% 10.6% 46.0 40.8 8.8% 34.5 12.4% 471 14.1% 64.1 Qi Q Q 2021 QI vs 2020 QI adjusted EBITDA change by segment, Adjusted EBITD
Slide 14: Posti Group’s key figures
Posti Group’s key figures 1-3 2021 % 1-3 2020 % Net sales, EUR million 396.4 384.2 Adjusted EBITDA, EUR million 46.0 11.6% 40.8 10.6% EBITDA, EUR million 45.8 11.6% 40.1 10.4% Adjusted operating result, EUR million 15.0 3.8% 12.6 3.3% Operating result, EUR million 14.8 3.7% 11.9 3.1% Result for the
Slide 15: Outlook and long-term financial targets
Outlook and long-term financial targets
Slide 16: Posti’s outlook for 2021
Posti’s outlook for 2021 In 2021, Posti is expecting its net sales to remain at the previous year’s level, excluding possible new acquisitions and divestments. The Group’s adjusted EBITDA in 2021 is expected to decrease from the previous year. In 2020, Posti’s net sales were EUR 1,613.6 million and
Slide 17: Long term financial targets
Long term financial targets Adjusted EBITDA13% 4 nse ne % 97 72 71 On ha 2017** 2018** = 2019 2020 1-32021 Continuously increasing ordinary dividend, but not exceeding annual net profit 60 Dividends paid @ 20 2017 2018 2019 2020 2021*** ordinary dividend = extra dividend Net debt/ Adjusted EBITDA le
Slide 18: Segments
Segments
Slide 19: Mail, Parcel and Logistics Services net sales break-down
Mail, Parcel and Logistics Services net sales break-down Change, Net sales, EUR million 1-3 2021 1-3 2020 % Postal Services 154.9 173.3 -10.6% • Net sales decreased to EUR 359.2 (366.6) Parcel and eCommerce 117.4 106.5 +10.3% million • The decline was mainly affected by the Transval 50.8 49.0 +3.8%
Slide 20: Mail, Parcel and Logistics Services key figures
Mail, Parcel and Logistics Services key figures EUR million 1-3 2021 1-3 2020 Net sales 359.2 366.6 • Adjusted EBITDA improved to EUR 43.1 (37.8) Net sales change, % -2.0% -2.6% million • The improvement was mainly due to Adjusted EBITDA 43.1 37.8 significantly improved profitability in Adjusted EBI
Slide 21: Itella Russia key figures
Itella Russia key figures EUR million 1-3 2021 1-3 2020 Net sales 12.1 17.8 • Reported euro-denominated net sales Net sales change, % -32.1% -12.1% decreased by 32.1% to EUR 12.1 (17.8) million • Net sales decreased in Contract Logistics due to Adjusted EBITDA 1.3 3.4 restructuring actions of wareho
Slide 22: Aditro Logistics key figures
Aditro Logistics key figures EUR million 1-3 2021 Net sales 25.4 • Aditro Logistics’ net sales developed Net sales change, % N/A positively and were EUR 25.4 million • Aditro Logistics’ operations consists of contract Adjusted EBITDA 3.1 logistics, transportation and staffing businesses Adjusted EBI
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