Slide 1: Posti Group: net sales growth continued, challenging operating environment impacted profitability
Posti Group: net sales growth continued, challenging operating environment impacted profitability January-March 2022
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 1-3/2022
Group’s net sales, EUR million and change, % Posti in figures 1-3/2022 Net Sales EUR 391.1 million (EUR 384.3 million*) Adjusted EBITDA Group’s adjusted EBITDA, EUR million EUR 36.5 million and as a percent of net sales (EUR 44.6 million*) Adjusted EBITDA-% 9.3% (11.6%*) * Continuing operations
Slide 4: Posti has changed its segment reporting to align with the company strategy
Posti has changed its segment reporting to align with the company strategy, organizational structure and to improve visibility on performance and results Mail, Parcel and Logistics Fulfillment Services and Logistics eCommerce Services Aditro Postal • Postal and Delivery services Logistics Services S
Slide 5: Financial highlights – net sales grew, profitability decreased
Financial highlights – net sales grew, profitability decreased • Net sales grew by 1.8% to EUR 391.1 (384.3) million. • Adjusted EBITDA decreased to EUR 36.5 (44.6) million, or 9.3% (11.6%) of net sales. • EBITDA decreased to EUR 34.4 (44.6) million, or 8.8% (11.6%) of net sales. • Adjusted operatin
Slide 6: Operational highlights in Q1
Operational highlights in Q1 • The war in Ukraine has no direct effect on Posti’s financial position. Posti has no operations in Russia, Belarus or Ukraine. The war affects Posti through market situation and business environment. • The difficult operating environment affected Posti’s operations. • T
Slide 7: Postal volumes continue to decline, parcel volumes at previous year's levels
Postal volumes continue to decline, parcel volumes at previous year’s levels Parcel volumes (million units) in Finland and in the Baltics and change, % 0% Parcel volume growth in Finland and in the Baltics 1-3/2022 +2% Freight volumes* 1–3/2022 * Measured in waybills -7% Addressed letter volumes 1–3
Slide 8: eCommerce and Delivery, and Fulfillment and Logistics Services represented 63% of net sales
eCommerce and Delivery, and Fulfillment and Logistics Services represented 63% (60%) of the Group’s net sales* = Postal services = eCommerce and Delivery, and Fulfillment *measured in combined external net sales, and Logistics Services continuing operations
Slide 9: Addressed letter volumes declined by 7%
Addressed letter volumes declined by 7% Addressed letter volumes (million units) and change, % • Altogether 100 million addressed letters were delivered, decline from previous year 7 million items • The share of mail items covered by the universal service obligation accounted for only 2.5% (3.1%) of
Slide 10: Financials
Financials
Slide 11: Posti Group's Q1 net sales
Posti Group’s Q1 net sales Net sales grew by 1.8% to EUR 391.1 (384.3) million
Slide 12: Posti Group's Q1 net sales
Posti Group’s Q1 net sales Net sales grew by 1.8% to EUR 391.1 (384.3) million Group’s net sales, continuing operations, 2022 Q1 vs 2021 Q1 change of net sales by segment, EUR million and change, % continuing operations, EUR million
Slide 13: Posti Group's Q1 adjusted EBITDA
Posti Group’s Q1 adjusted EBITDA Adjusted EBITDA decreased to EUR 36.5 (44.6) million Group’s adjusted EBITDA, continuing operations, 2022 Q1 vs 2021 Q1 adjusted EBITDA change by segment, EUR million and as a percent of net sales continuing operations, EUR million
Slide 14: Posti Group's key figures
Posti Group’s key figures * Continuing operations
Slide 15: Outlook and long-term financial targets
Outlook and long-term financial targets
Slide 16: Posti's outlook for 2022
Posti’s outlook for 2022 In 2022, Posti is expecting its net sales to remain at the previous year’s level. The Group’s adjusted EBITDA in 2022 is expected to decrease from the previous year. In 2021, Posti’s net sales from continuing operations were EUR 1,595.0 million and adjusted EBITDA was EUR 18
Slide 17: Long term financial targets
Long term financial targets ed EBITDA 13% 4 a 2018* 2019 2020** 2021** 1-3 2022 on hoo Continuously increasing ordinary dividend, but not exceeding annual net profit 60 Dividends from year's result EUR million 2017 2018 2019 2020 2021 "ordinary dividend «extra dividend Net debt / Adjusted EBITDA les
Slide 18: Segments
Segments
Slide 19: eCommerce and Delivery Services key figures
eCommerce and Delivery Services key figures The net sales increased by 2.3% to EUR 162.2 million • The increase was mainly due to the increased net sales of transportation services. Adjusted EBITDA increased to EUR 14.2 million • The growth was driven by the increased net sales of the segment and th
Slide 20: Fulfillment and Logistics Services key figures
Fulfillment and Logistics Services key figures Net sales increased by 14.7% and were EUR 87.5 million. • The growth of Transval’s net sales was mainly due to the increased sales of inhouse logistics and volumes of contract logistics. • Aditro Logistics’ net sales growth was mainly due to the acquisi
Slide 21: Postal Services key figures
Postal Services key figures • The net sales of Postal Services decreased by 4.8% to EUR 147.5 million • The decrease was mainly due to the continued mail volume decline. • Adjusted EBITDA decreased to EUR 18.1 million • The profitability was affected by the declining net sales of the segment, and th
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