Slide 1: Posti Group: increased demand for parcel and logistics services drew continued growth
Posti Group: increased demand for parcel and logistics services drew continued growth of net sales, profitability developed positively January-December 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 2021
Posti in figures 2021 Net Sales* EUR 1,595.0 million (EUR 1,555.4 million) Adjusted EBITDA* EUR 181.6 million (EUR 173.5 million) Adjusted EBITDA-%* 11.4% (11.2%) * Continuing operations
Slide 4: Financial highlights in 2021 – positive development
Financial highlights in 2021 – positive development • Net sales grew by 2.5% to EUR 1,595.0 (1,555.4) million. • Adjusted EBITDA increased to EUR 181.6 (173.5) million, or 11.4% (11.2%) of net sales. • EBITDA increased to EUR 180.5 (165.7) million, or 11.3% (10.7%) of net sales. • Adjusted operating
Slide 5: Operational highlights in 2021
Operational highlights in 2021 • Year 2021 was important in streamlining operations around the core of Posti’s business and future growth. In February, Posti launched • Combined external net sales of Parcel and eCommerce as well as its renewed strategy. logistics businesses represented already 62% (
Slide 6: Parcel & eCommerce and logistics business 62% of Group's net sales in 2021
Parcel & eCommerce and logistics business 62% (59%) of Group’s net sales in 2021* = Postal services = Parcel & eCommerce and logistics business *measured in combined external net sales, continuing operations
Slide 7: Financial highlights in Q4 2021 – decrease in profitability
Financial highlights in Q4 2021 – decrease in profitability • Net sales grew by 0.5% to EUR 444.2 (441.8) million. • Adjusted EBITDA decreased to EUR 50.3 (60.8) million, or 11.3% (13.8%) of net sales. • EBITDA decreased to EUR 50.1 (57.0) million, or 11.3% (12.9%) of net sales. • Adjusted operating
Slide 8: Posti in figures 10-12/2021
Posti in figures 10-12/2021 Net Sales* EUR 444.2 million (EUR 441.8 million) Adjusted EBITDA* EUR 50.3 million (EUR 60.8 million) Adjusted EBITDA-%* 11.3% (13.8%) * Continuing operations
Slide 9: Parcel volume growth leveled off during the last quarter
Parcel volume growth leveled off during the last quarter +2% +10% Parcel volume growth in The number of parcels Finland and in the going through Posti Baltics 10-12/2021 Parcel Lockers 10–12/2021 +5% -5% Freight volumes* Addressed letter 10-12/2021 volumes 10-12/2021 * Measured in waybills
Slide 10: Posti continues to develop its service network to answer the demand
Posti continues to develop its service network to answer the demand • Altogether 20.7 million parcels were delivered, growth • Posti increased the number of parcel lockers by 12% and from previous year 0.4 million units the number of individual parcel lockers by 20% during 2021.
Slide 11: Addressed letter volumes declined by 5% in the last quarter
Addressed letter volumes declined by 5% in the last quarter • Altogether 122 million addressed letters were delivered, decline from previous year 7 million items • During the Christmas season, around 16 million Christmas cards and letters were sent via Posti. • The share of mail items covered by the
Slide 12: Financials
Financials
Slide 13: Posti Group's 2021 net sales and adjusted EBITDA change
Posti Group’s 2021 net sales and adjusted EBITDA change Net sales* grew by 2.5% to EUR 1,595.0 (1,555.4) million Adjusted EBITDA* improved to EUR 181.6 (173.5) million * Continuing operations
Slide 14: Posti Group's Q4 net sales
Posti Group’s Q4 net sales Net sales* grew by 0.5% to EUR 444.2 (441.8) million * Continuing operations
Slide 15: Posti Group's Q4 adjusted EBITDA
Posti Group’s Q4 adjusted EBITDA Adjusted EBITDA* decreased to EUR 50.3 (60.8) million * Continuing operations
Slide 16: Posti Group's key figures
Posti Group’s key figures * Continuing operations ** Board of Director’s proposal to the Annual General Meeting
Slide 17: Outlook and long-term financial targets
Outlook and long-term financial targets
Slide 18: 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 19: Long term financial targets
Long term financial targets Continuously increasing ordinary dividend, Adjusted EBITDA 13% but not exceeding annual net profit 2 12 14 80 Dividends paid 97 % 10 72 i 20 2022"* 2020 2021 = extra dividend 2017 2018 2019 ordinary dividend 2021* on FO ® 2017** 2018** += 2019 + 2020* Net debt / Adjusted
Slide 20: Segments
Segments
Slide 21: Mail, Parcel and Logistics Services net sales break-down
Mail, Parcel and Logistics Services net sales break-down • Net sales decreased to EUR 411.6 (413.0) million in October-December 2021 • The decrease in Parcel and eCommerce was mainly due to lower volumes in Finland and the decrease in the shipment volumes from outside the EU declined after the VAT r
Slide 22: Mail, Parcel and Logistics Services key figures
Mail, Parcel and Logistics Services key figures Adjusted EBITDA decreased to EUR 54.4 (60.0) million in October-December 2021 • The decline was mainly due to the segment’s decreased net sales and increased costs. In 2021, Adjusted EBITDA increased to EUR 180.2 (168.0) • The improvement was due to th
Slide 23: Aditro Logistics key figures
Aditro Logistics key figures October-December • Aditro Logistics’ net sales increased by 12.5% • The increase was driven by the growth of the staffing business. • Adjusted EBITDA declined to EUR 2.6 (3.6) million • The result was affected by the temporary increase in costs associated with the except
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