Ctt - Correios De Portugal Sa · EURONEXT:CTT
Ctt - Correios De Portugal Sa — CTT – Correios de Portugal — H1 2026 Earnings Presentation
16 slides from Ctt - Correios De Portugal Sa's earnings presentation, Jul 28, 2026
Slide 1: 1H26 Presentation - Appendix
1H26 PRESENTATION - APPENDIX 28 JULY 2026 1
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 the f
Slide 3: Appendix
Appendix 1H26 PRESENTATION - APPENDIX 3 3
Slide 4: Balance sheet resilience driven by Banco CTT's credit and investments
Balance sheet resilience driven by Banco CTT’s credit and investments Balance sheet – 30 June 2026 € million; % change vs. 31 December. 2025 I Fixed tangible assets II Net employee benefits 6,536.4 6,536.4 Fixed 368.6 Equity 403.0 (+) Employee benefits (liabilities)* 192.3 (+) Rights of use (leases)
Slide 5: CEP demand accelerating while customs clearance regulation impacts profitability
CEP demand is accelerating while customs clearance regulation is impacting profitability e-commerce Solutions – 2Q26 EBITDA1,2 Recurring EBIT1,2 € million; y.o.y. € million; y.o.y. € million; y.o.y. Cacesa & DHL Parcel Portugal2 Reported e-commerce Solutions -19.9% -29.6% Revenues 179.4 (+25.2%) 21.
Slide 6: Strong growth in savings placements following limits' increase
Strong growth in savings placements following limits’ increase Mail & Services - Revenues 2Q26 EBITDA1 Recurring EBIT1 € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. prior year +16.8% +37.3% Mail 90.1 (-9.9%) 22.8 9.6 o.w. Adressed Mail 83.4 (-10.1%) 19
Slide 7: Continued investment in digital and commercial capabilities
Continued investment in digital and commercial capabilities Banco CTT - Revenues 2Q26 EBITDA1 Recurring EBIT1 € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. prior year +7.4% 37.6 0.3 35.0 Other 1.4 …by type: Fees & 8.9 -2.9% commissions income 8.0 Cards
Slide 8: Strong growth in deposits while maintaining a robust balance sheet
Strong growth in deposits while maintaining a robust balance sheet Banco CTT Consolidated Balance Sheet – 2Q26 € million; % change vs. 31 Dec. 2025 I Loans by type II Non-performing exposures 121.2 Other 0.2% 101.9 2.7 5,324 5,324 Other 2.7 503 (-34.7%) 113.4 Cash & cash Auto 91.6 equivalents Auto M
Slide 9: Customer base engagement boosts mortgage lending activity
Customer base engagement boosts mortgage lending activity Customer resources1 Loans volumes2,3 € million, EoP € million, EoP +11.9% +10.3% 4,606 4,117 1,068 969 Deposits Yield4 Yield4 0.8% Auto 6.4% Jun-25 Jun-26 Jun-25 Jun-26 +17.7% +22.1% 1,382 1,174 1,103 Off-balance 903 Mortgage Yield4 2.6% Jun-
Slide 10: Robust capital profile positioned for sustainable growth
Robust capital profile positioned for sustainable growth Capital (CET1, TCR)1 MREL %, Fully implemented % RWA, €m 1,055 1,279 29.6 23.3 20.6 24.3 24.7 14.15% TCR 9.44% CET1 Jun-25 Jun-26 Requirements2 Jun-25 Jun-26 Requirements for June 20264 Leverage ratio3 5.5% 5.1% 3.0% as % of LRE 5.7% 7.4% 5.3%
Slide 11: Consolidated Income statement
Consolidated Income statement Income statement € million With Banco CTT under Reported equity method 1H25 1H26 1H25 1H26 Revenues 597.3 674.3 531.7 602.7 Operating costs 510.6 590.3 460.6 533.8 of which Impairments & provisions 8.8 11.0 0.0 0.6 EBITDA 86.7 84.1 71.1 68.8 Depreciation & amortisation
Slide 12: Consolidated Balance sheet
Consolidated Balance sheet Balance sheet € million With Banco CTT under Reported equity method 1H25 1H26 1H25 1H26 Non-current assets 2,784.0 3,715.3 887.4 973.9 Current assets 3,043.5 2,821.6 499.6 583.8 Assets 5,827.6 6,536.4 1,387.1 1,557.7 Equity 298.4 403.0 270.4 373.2 Liabilities 5,529.2 6,133
Slide 13: Consolidated Cash Flow statement
Consolidated Cash Flow statement With Banco CTT under 0. Reported equity method Cash flow € million 1H25 1H26 ∆ 26/25 1H25 1H26 ∆ 26/25 EBITDA 86.7 84.1 -2.6 71.1 68.8 -2.2 IFRS16 with impact on EBITDA -21.5 -22.7 -1.2 -20.4 -21.5 -1.1 Impairments & provisions 8.4 10.8 2.4 -0.5 0.4 0.9 Specific item
Slide 14: Cash flow impacted by planned growth investments
Cash flow impacted by planned growth investments Financial Review 1H26 Cash flow Net financial debt as at 30 June 20261 € million; impact on cash flow vs. prior year € million EBITDA 84.1 (-2.6) Consolidated IFRS16 affecting EBITDA -22.7 (-1.2) (+) Cash & cash equivalents 361.7 Impairments 10.8 (+2.
Slide 15: Specific items
Specific items Specific items € million Reported 1H25 1H26 46.9 41.0 Recurring EBIT 10.3 10.8 Specific items including employment contracts 7.8 6.3 suspension agreements Staff costs costs associated with strategic 3.3 2.5 ES&S projects, including closing of JV with DHL -0.8 2.0 Other op. costs & oth
Slide 16: Investor Relations
Investor Relations Phone: +351 210 471 087 E-mail: investors@ctt.pt ctt.pt 1H26 RESULTS PRESENTATION 28 JULY 2026 16 16
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