Ctt - Correios De Portugal Sa · EURONEXT:CTT
Ctt - Correios De Portugal Sa — CTT - Correios de Portugal — Investor Presentation (June 2020)
24 slides from Ctt - Correios De Portugal Sa's investor presentation, June 2020
Slide 1: Ahorro Presentation June 2020
We go further tobring | the world Ubeser: AHORRO PRESENTATION June 2020
Slide 2: Disclaimer
ft. ctt AHORROCORPORACION FINANCIERA| JUNE 2020 Disclaimer DISCLAIMER This documenthas been prepared by CTT ~ Correios de Portugal, S.A. (the “Company” or “CTT") exclusively for use during the roadshows and conferences of the 1% quarter 2020 results. As a consequence thereof, this document may not b
Slide 3: Overview
oc} We go further in ub. fow We go further to bring the wortd closer. overview
Slide 4: Modern postal services operator with diversified businesses
pect businesses... Key financials AHORROCORPORACION FINANCIERA| JUNE 2020 CTT is amodern and dynamic postal services operator with a diversified portfolio of Revenues breakdown €million Revenues: 740.3 EBITDA: 101.5 2019 EBIT: 47.3 Net profit: 29.2 €million; % of total Revenues % of total Addressed
Slide 5: Standing out for network capillarity, proximity and strong brand
pect AHORROCORPORACION FINANCIERA| JUNE 2020 ..Standing out for the capillarity of its networks, proximity to the population and strong brand Logistics player... & 619mitems Addressed Mail ><) 521mitems Unaddressed Mail & 38m items Express & Parcels Asat31December 2019 ..with growing banking & finan
Slide 6: Mail revenues resilient since the IPO despite volume decline
ft. ctt AHORROCORPORACIONFINANCIERA | JUNE 2020 Ooer 6 Mail revenues have shown resilience since the IPO, as the price and mix effects have been able to offset the structural decline in volumes CTT addressed mail volumes CTT addressed & unaddressed mail revenues Million items; CAGR (%) € million; CA
Slide 7: Upside potential in e-commerce in Portugal and Spain
ft. ctt AHORROCORPORACION FINANCIERA| JUNE 2020 Ooer 7 Significant upside potential exists in e-commerce, a market which remains underpenetrated in Portugal and Spain, the main geographies where CTT operates Percentage of internet users who purchased goods online? E-commerce growth? 2019 2013-17 CAG
Slide 8: Market leader in Express & Parcels in Portugal
ft. ctt AHORROCORPORACION FINANCIERA | JUNE 2020 Ooer 8 CTT is the market leader in Express & Parcels in Portugal and has been investing in new products and partnerships in order to spur e-commerce growth Portugal Express & Parcels volumes Initiatives for e-commerce ecosystem expansion Million items
Slide 9: Spain a key growth pillar for Express & Parcels
pect AHORROCORPORACION FINANCIERA| JUNE 2020 Spain remains a key growth pillar for the CTT Express & Parcels business, due to its market size and growth dynamics New localmanagement team, with sector & turnaround knowledge & experience reorientation 0) 4q Commercial 5@© + Improve efficiency of direc
Slide 10: We go further to bring the world closer
Tronuslien: We go further to bring the wortd closer.
Slide 11: 2019 - a year of transition
ft. CEE = AHoRROCORPORACIONFINANCIERA| JUNE 2020 2019 - ayear of transition Changes in the leadership of the Company provide an impulse and anew direction +4.6% €101.5m €16.5m Operational TransformationPlan, Revenues growth accelerates (+1.4%in 2018) EBITDA guidance delivered (€90.4min 2018) Operati
Slide 12: Portuguese parcels and public debt placements display strong growth
ft. CEE AHoRROCORPORACIONFINANCIERA| JUNE 2020 Ooer 12 Portuguese parcels and public debt placements display strong growth dynamics — Portugal (excl. Cargo) — Spain +28.9% Parcels volumes +22.0% "change vs. prioryear 411.1% 113.3% * Portuguese parcels volumes growth accelerated further in 4Q19, bene
Slide 13: Banco CTT customer funds and credit growth accelerate
pect AHORROCORPORACION FINANCIERA | JUNE 2020 Ove 13 Banco CTT customer funds and credit growth accelerate, boosted by new partnerships and 321 Crédito Current accounts & customer funds Credit to clients Current accounts (thousands); Customer funds (€ million); cumulative Total; € million, cumulativ
Slide 14: 1Q20 results highlights
03 1Q20 results highlights
Slide 15: 1Q20 highlights
pect 1Q20 highlights AHORROCORPORACION FINANCIERA| JUNE 2020 CTT services remain fully functioning, as an integral part of Portugal's critical infrastructure +1.7% Revenues growth driven mainly by banking & financial services EBITDAimpacted by the extraordinary business interruption in Mail in Mar-2
Slide 16: COVID-19 pandemic response
AHORROCORPORACION FINANCIERA| JUNE 2020 pect COVID-19 pandemic response Ooer 16 CTT’s immediate response to the unprecedented crisis centered on six key pillars 1. Preserve the health and wellbeing of staff and customers * Daily crisis-management committee, chaired by the CEO * Comprehensive busines
Slide 17: Taking a leadership role in e-commerce
ft. CEE AHoRROCORPORACIONFINANCIERA| JUNE 2020 Ove 17 Taking aleadership role in e-commerce + rr + oe Partnershi ip wi CTT has launched various initiatives and partnerships aiming at with Uber to expand ae fostering the development of the e-commerce ecosystem “Express for Today” offer medicines and
Slide 18: Mail volumes strongly affected by COVID-19 restrictions
ft. CEE AHoRROCORPORACIONFINANCIERA| JUNE 2020 Ove 18 Mail volumes were strongly affected by the restrictions on operations and movement of cargo, businesses and individuals, as aresult of the COVID-19 pandemic Mail volumes Millionitems; % change vs. prior year * Several large clients’ statements de
Slide 19: Portuguese parcels and public debt placements strong start to the year
ft. CEE AHoRROCORPORACIONFINANCIERA| JUNE 2020 Ooer 19 Portuguese parcels and public debt placements benefited from a strong start to the year Parcels volumes Millionitems; % change vs. prior year * Portuguese parcels volumes benefited from strong B2C growth, driven by e-commerce, despite the B2B vo
Slide 20: Banco CTT customers' flight to safety, strong deposit capture
ft. CEE AHoRROCORPORACIONFINANCIERA| JUNE 2020 Banco CTT customers’ flight to safety was evident in the strong capture of new deposits Credit to clients €million * Mortgage activity remained resilient, despite the temporary 50% reduction in business hours in the Retail network since mid-Mar-20 * 321
Slide 21: Strong Balance Sheet amid economic uncertainty
ft. CEE AHoRROCORPORACIONFINANCIERA| JUNE 2020 Ove 21 CTT faces the current period of economic uncertainty with a strong Balance Sheet... Balance Sheet - 31 March 2020 € million; % change vs. 31 December 2019 2,438 [EE Financial Services payables (€109m;-54.7%) 2,438 Net FS & other payables of €239m
Slide 22: Substantial liquidity and low net financial debt
ft. CEE AHoRROCORPORACIONFINANCIERA| JUNE 2020 ... substantial liquidity and low levels of net financial debt Cash flow Net financial debt? Ooer 22 € million; impact on cash flow vs. prior year EBITDA ey A 20.2 (-0.8) Specific items affecting EBITDA 0.0 | (+5.5) Capex -5.6 wi (+0.8) Change in workin
Slide 23: FY outlook update
pect FY 20 outlook update Apr-20 showed encouraging signs of stabilization insome areas, although mail and financial services remain AHORROCORPORACION FINANCIERA| JUNE 2020 Ooer 23 under significant pressure Express & Parcels Parcels already at peak levels, due to B2C growth, albeit with lower margi
Slide 24: CTT - Correios de Portugal, S.A. Investor Relations
CTT - Correios de Portugal, S.A. Investor Relations Contacts: Phone: +351 210 471 087 E-mail: investors@ctt.pt ctt.pt
CTT - Correios de Portugal — Investor Presentation (June 2020) on 6ix