Singapore Post Ltd. · SGX:S08
Singapore Post — FY2002/03 Earnings Presentation
21 slides from Singapore Post's earnings presentation, May 19, 2003
Slide 1: Singapore Post Limited FY2002/03 Financial Results Announcement
Singapore Post Limited FY2002/ 03 FINAN CIAL RESULTS A N N O U N CE M ENT 19th M A Y 2003
Slide 2: Disclaimer
Disclaimer The following presentation contains forward looking statements by the management of Singapore Post Limited ("SingPost"), relating to financial trends for future periods, compared to the results for previous periods. Some of the statements contained in this presentation that are not histor
Slide 3: We Make It Our Business to Deliver
WE MAK E IT OU R BUSINESS TO DELIVER 19th May 2003 William Tan Soo Hock Chief Executive Officer
Slide 4: Briefing Outlines
Briefing Outlines ¾ Performance Highlights ¾ Group Financial/ Operational Highlights – FY2002-03 ¾ Balance Sheet Highlights ¾ Dividends ¾ Outlook for Next FinancialYear ¾ Seg mental Result Overview – FY2002/ 03 ¾ Seg mental Operating Revenue – Mail, Logistics & Retail ¾ Group Operating Expenses ¾ Ma
Slide 5: Performance Highlights
Performance Highlights Revenue resilient despite difficult macro environ ment Focus on cost control improved bottom line Margins improved Operating cash flow strong CBK-FY02/03.ppt 4
Slide 6: Group Key Financial Highlights – FY2002/03
Group Key Financial Highlights –FY2002/03 S$’ Million FY02/03 FY01/02 Growth Operating Revenue 373.0 380.9 (2.1%) Operating Expenses (258.2) (266.9) (3.2%) Share of Results from Associated & JV Co. 14.0 4.8 191.4% EBIT 145.5 134.1 8.5% Profit Attributable to Shareholders 108.7 101.3 7.2% Basic Earni
Slide 7: Group Key Financial Highlights – Operating Revenue
Group Key Financial Highlights –FY2002/03 Operating revenue 400 380.9 371.2 373.0 349.6 360 333.3 334.1 320 280 ( S$m) 240 200 160 120 80 40 0 FY1998 FY1999 FY2000 FY2001 FY2002 FY2003 Ended 31 March Resilient revenue despite difficult environm ent CBK-FY02/03.ppt 6
Slide 8: Group Operational Highlights – FY2002/03
Group OperationalHighlights – FY2002/03 Su m m ary of operational statistics FY02/03 FY01/02 Growth Avg. No. of Employees 2,235 2,263 (1.2%) Total do mestic mailitem s handled (million) 701.0 683.9 2.5% (Million of Items) ¾ Public m ail (sta mped & franked) 181.1 197.0 (8.0%) ¾ Bulk mail: ¾ Governm
Slide 9: Balance Sheet Highlights
Balance SheetHighlights Su m m ary of balance sheet S$’ Million FY02/03 FY01/02 Current Assets 149.6 184.1 Non-current Assets 678.7 717.6 Total Assets 828.3 901.7 Current Liabilities 359.4 256.0 Non-current Liabilities 150.7 36.9 Total Liabilities 510.1 292.9 Net Assets 318.2 608.7 Net Assets Per Sh
Slide 10: Dividends
Dividends Pre-IPO Dividends to SingTel As a result of a pre-IPO capital restructuring exercise, the following dividends were declared to SingTel: ¾ Interim dividend of S$100 million ¾ Special Dividend of S$300 million Post-IP O Dividend to SingPost Shareholders A final gross dividend of 5.4 cents pe
Slide 11: Outlook for Next Financial Year
Outlook for Next Financial Year Environ mental Business Outlook Assu m ptions ¾ Continue to monitor the impact of SARS 1. Global econo my weak 2. Co mpanies cautious on ad-spend & pro m otional ¾ Barring any further deterioration to the activities econo m ic environ ment, performance is 3. SA RS’ co
Slide 12: FY2002/03 Financial Result Presentation
FY 2002/ 03 Financial Result Presentation Celine Ho Chi Lin Chief Financial Officer CBK-FY02/03.ppt 11
Slide 13: Segmental Result Overview – FY2002/03
Segmental ResultOverview – FY2002/ 03 Operating Revenue Operating Profit Retail 2% Others 12% Others 6% Retail Logistics 5% 13% Logistics 4% 79% Mail 79% Mail Mail re mained our core business CBK-FY02/03.ppt 12
Slide 14: Segmental Operating Revenue – Mail Business
Segmental Operating Revenue –MailBusiness FY2001/ 02 FY2002/ 03 Int’l Mail Int’l Mail S$97.4M S$93.7M Hybrid Mail Hybrid Mail S$15.8M S$13.5M Do mestic Mail Do mestic Mail S$188.4M S$192.3M Total S$295.6M S$305.5M Mail revenue declined slightly by 3.2 % CBK-FY02/03.ppt 13
Slide 15: Segmental Operating Revenue – Logistics Business
Segmental Operating Revenue –LogisticsBusiness FY2002/ 03 FY2001/ 02 W F & D* W F & D* S$4.9M S$4.8M Speedpost Speedpost S$43.4M S$41.6M Total S$48.3M S$46.4M * WF&D – W arehousing, fulfillment and distribution Logistics revenue improved by 4.2% CBK-FY02/03.ppt 14
Slide 16: Segmental Operating Revenue – Retail Business
Segmental Operating Revenue –Retail Business FY2002/ 03 FY2001/ 02 Internal Internal Revenue* Revenue* S$21.5M S$21.6M Agency Agency Services Services S$22.6M S$21.3M Total S$44.1M S$43.0M * Internal revenue are mainly revenue from providing services tothe Mail and Logistics divisions Retailrevenue
Slide 17: Group Operating Expenses
Group Operating Expenses S$’ Million FY02/03 FY01/02 Growth Staff Costs 74.5 82.4 (9.7%) Depreciation 37.6 41.4 (9.2%) Traffic Expenses 57.1 56.8 0.6% Ad ministrative Expenses 34.4 37.4 (8.2%) Selling & Pro m otion 8.4 7.2 16.8% Property-related Expenses 17.6 19.2 (8.7%) Other Operating Expenses 28.
Slide 18: Margin Improved
Margin Improved Net Profit margins (%) 40 30 30.5 29.2 29.1 26.6 20 10 FY2000 FY2001 FY2002 FY2003 Y/E 31 March Focus on cost managem ent improved margins CBK-FY02/03.ppt 17
Slide 19: Capital Expenditure
Capital Expenditure FY2002/ 03 FY2001/ 02 S$12.2M S$6.3M Recurring capex 3 % to 5 % of operating revenue CBK-FY02/03.ppt 18
Slide 20: Consolidated Cash Flow
Consolidated Cash Flow S$’ Million FY02/03 FY01/02 Net cash inflow from operating activities 112.7 158.2 Net cash inflow/(outflow) from investing 23.1 (105.4) activities Net cash outflow from financing (150.0) (156.1) activities Net increase/ (decrease)in cash and cash equivalents held (14.3) (103.3
Slide 21: Question & Answers Session
Question & Answers Session From the company that delivers. 4 are Pe 2 ie J ’ EFFICIENCY STABILITY Sos