Ctt - Correios De Portugal Sa · EURONEXT:CTT
Ctt - Correios De Portugal Sa — CTT – Correios de Portugal — FY2024 Earnings Presentation
16 slides from Ctt - Correios De Portugal Sa's earnings presentation, Mar 20, 2025
Slide 1: Commitment with Purpose – FY24 appendix
20 March 2025 20 march 2025 Commitment with Purpose FY24 appendix
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 FY24
Slide 3: Appendix
Appendix
Slide 4: Solid balance sheet
Solid balance sheet Balance sheet - 31 December 2024 € million; % change vs. 31 Dec. 2023 I Fixed tangible assets II Net employee benefits 5,709 5,709 Fixed Equity 308 (+) Employee benefits (liabilities)* 182.8 339 (+) Rights of use (leases) 147.5 tangible (+14.1%) I (+21.7%) assets (+) Other fixed
Slide 5: Steep growth in Express & Parcels
Steep growth in Express & Parcels Express & Parcels - Revenues 2024 EBITDA1 Recurring EBIT2 Consolidated view; € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. prior year +57.7% 56.1 Iberia 473.3 (+40.9%) +82.9% 36.1 Mozambique 5.7 (+21.2%) 35.6 Total 479
Slide 6: Stabilization of revenues via price increases in Mail
Stabilization of revenues via price increases in Mail Mail & Other - Revenues Payments Addressed Other € million; % change vs. prior year Busines solutions Unadressed +3.8% 471 453 Lfl3: 21 (+10.4% y.o.y) 19 +2.5% y.o.y 51 (+14.0% y.o.y) 45 Addressed mail Addressed mail weight Regulated mail weight
Slide 7: Addressed mail, business solutions and payments driving growth
Addressed mail, business solutions and payments driving growth Mail & other - Revenues 2024 EBITDA1 Recurring EBIT2 € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. prior year Addressed mail 365.1 (+2.6%) Unaddressed mail 4.7 (+0.9%) Business solutions 51
Slide 8: Public debt placements normalised in 4Q24
Public debt placements normalised in 4Q24 Financial Services - Revenues 2024 EBITDA1 Recurring EBIT2 € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. prior year -60.3% -60.6% 36.4 36.2 Savings & insurance 14.5 (-67.7%) Money transfers3 5.9 (+8.9%) 14.4 14
Slide 9: Banco CTT achieving record results
Banco CTT achieving record results Banco CTT - Revenues 2024 EBITDA1 Recurring EBIT2 Excluding Universo € million; % change vs. prior year impact, the growth € million; % change vs. prior year € million; % change vs. prior year was +11.8% +1.1% 128.5 129.9 Other 2.5 2.1 …by type: Fees & commissions
Slide 10: Market share gain in customer deposits, with a very liquid balance sheet
Market share gain in customer deposits, with a very liquid balance sheet Banco CTT Consolidated Balance Sheet - 31 December 2024 € million; % change vs. 31 Dec 2023 I Loans by type II Non-performing exposures 85.9 Other 77.2 2.5 0.2% Other 1.4 4,728 4,728 Cash & cash 797 Mortgage 76.2 Auto 72.4 equi
Slide 11: Very strong capital levels to support further growth
Very strong capital levels to support further growth Capital (CET1, TCR)1 MREL %, Fully implemented % Generali capital RWA 946 1,130 impact of +2.2% 23.6% 20.7% 21.2% 22.1% 20.7% 13.5% TCR 8.7% CET1 Dec-23 Dec-24 Requirements2 Dec-23 Dec-24 Requirements for June 20264 Leverage ratio3 5.8% 5.4% 3.0%
Slide 12: Consolidated Income statement
Consolidated Income statement Income statement € million With Banco CTT under Reported equity method 2023 2024 2023 2024 Revenues 985.2 1,107.3 863.1 984.1 Operating costs 833.3 947.0 740.1 858.9 of which Impairments & provisions 25.8 15.3 0.3 2.3 EBITDA 151.9 160.3 123.0 125.2 Depreciation & amorti
Slide 13: Consolidated Balance sheet
Consolidated Balance sheet Balance sheet € million With Banco CTT under Reported equity method 31-Dec-23 31-Dec-24 31-Dec-23 31-Dec-24 Non-current assets 2,354.7 2,520.0 713.0 783.1 Current assets 2,402.0 3,188.9 506.7 514.1 Assets 4,756.6 5,708.8 1,219.6 1,297.2 Equity 253.3 308.3 253.4 281.0 Liabi
Slide 14: Consolidated Cash Flow statement
Consolidated Cash Flow statement With Banco CTT under equity Cash flow Reported method € million 2023 2024 ∆ 24/23 2023 2024 ∆ 24/23 EBITDA 151.9 160.3 8.4 123.0 125.2 2.2 IFRS16 affecting EBITDA -30.7 -39.3 -8.5 -29.2 -37.4 -8.2 Impairments & Provisions 24.8 14.3 -10.4 -0.8 1.3 2.1 Specific items a
Slide 15: Specific items
Specific items Specific items € million Reported 2023 2024 Mainly: (i) restructuring, including 87.6 85.1 employment contracts suspension Recurring EBIT agreements (€3.2m); (ii) costs 9.8 11.4 associated with strategic projects Specific items (€4.5m); and (iii) transaction costs -17.6 3.2 associated
Slide 16: Commitment with Purpose – Investor Relations
Commitment with Purpose FY24 Appendix We make our path fully Investorcommitted Relations to deliver 2024 Phone: +351 210 471appendix 087 E-mail: investors@ctt.pt ctt.pt 20 March 2025
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