Slide 1: Austrian Post Investor Presentation H1 2016
AUSTRIAN POST INVESTOR PRESENTATION H1 2016 Walter Oblin/CFO Vienna, August 11, 2016
Slide 2: Highlights and Overview
1. HIGHLIGHTS AND OVERVIEW 2. Strategy Implementation 3. Group Results H1 2016 4. Outlook 2016 INVESTOR PRESENTATION I Investor Relations I Vienna, August 11, 2016 2
Slide 3: H1 2016 at a Glance
H1 2016 AT A GLANCE AUSTRIAN MAIL MARKET REVENUE Ongoing strong e-substitution • Reported revenue down from EUR 1,175.0m to driven by banks and the public EUR 1,071.1m due to the sale of trans-o-flex sector • Revenue up 0.6% excl. trans-o-flex AUSTRIAN DIRECT MAIL EARNINGS MARKET • EBIT increase of
Slide 4: Slight Revenue Improvement in the Core Business
SLIGHT REVENUE IMPROVEMENT IN THE CORE BUSINESS REVENUE DEVELOPMENT EUR m GROUP: 1,175.0 • Revenue development impacted by sale of trans-o- +0.6% 1,071.1 flex (drop from EUR 1,175.0m to EUR 1,071.1m) 244.5 • Revenue excl. trans-o-flex up 0.6% from 930.4 936.3 134.8 EUR 930.4m to EUR 936.3m (Q2: +2.3
Slide 5: EBIT Increase in H1 2016
EBIT INCREASE IN H1 2016 EBIT DEVELOPMENT EUR m GROUP: • EBIT rise of 2.2% in H1 2016 (+11.7% in Q2) +2.2% • Reduced interest rate level in H1 led to higher 96.5 98.6 allocation to provisions of EUR 14.6m +4.4 0.0 MAIL & BRANCH NETWORK: -2.2 • EBIT decline of EUR 2.2m in H1 2016 Q2 Q2 (+ EUR 2.9m in
Slide 6: Strategy Implementation
1. Highlights and Overview 2. STRATEGY IMPLEMENTATION 3. Group Results H1 2016 4. Outlook 2016 INVESTOR PRESENTATION I Investor Relations I Vienna, August 11, 2016 6
Slide 7: Clear Strategic Priorities
CLEAR STRATEGIC PRIORITIES DEFENDING MARKET LEADERSHIP IN PROFITABLE GROWTH IN 1. THE CORE BUSINESS 2. SELECTED MARKETS Safeguarding of market position in a competitive Focusing and performance enhancement environment ENHANCING EFFICIENCY AND CUSTOMER ORIENTATION AND 3. OPTIMISING THE COST STRUCTURE
Slide 8: Stable Core Business in Austria
1 STABLE CORE BUSINESS IN AUSTRIA LETTER MAIL & DIRECT MAIL/MEDIA POST PARCEL & LOGISTICS MAIL SOLUTIONS • Stable revenue development in • Volatile business environment • Volume increase of 1.9% spite of volume decline impacted by cyclical trends against the backdrop of • Growing international cross
Slide 9: The New Packet Will Fulfill E-Commerce Requirements
THE NEW “PACKET” WILL FULFILL 1 E-COMMERCE REQUIREMENTS Growing demand for simple e-commerce shipment options “PACKET” • AS EASY AS A LETTER • TRACEABLE LIKE A PARCEL Letter Packet Next-day delivery Track & trace Boxable Shipments of up to 2kg Parcel INVESTOR PRESENTATION I Investor Relation
Slide 10: Growth in Selected Markets
2 GROWTH IN SELECTED MARKETS ACTIVE IN 12 MARKETS – GROWTH FOCUS ON PARCEL & LOGISTICS CEE/SEE Parcel Subsidiaries: • Ongoing positive volume development and strong export growth • Intensive competition and price pressure Mail subsidiaries: • Difficult market environment • Focus on markets with prof
Slide 11: Staff Structure in Austria
3 STAFF STRUCTURE IN AUSTRIA FULL TIME EQUIVALENTS IN THE CORE BUSINESS IN AUSTRIA (average for the period) 21,926 CHANGE 490 21,003 -585 FTE H1 2015/H1 2016: 20,218 20,064 1,891 19,417 – 403 Civil servants 2,490 18,790 3,350 18,155 17,570 – 489 Old CWA 3,858 9,397 4,374 + 307 New CWA 4,486 7,883 4,
Slide 12: New Customer Solutions Are Widely Accepted
4 NEW CUSTOMER SOLUTIONS ARE WIDELY ACCEPTED INNOVATIVE 24/7 SELF-SERVICE SOLUTIONS 16,000 pick-up boxes 234 pick-up stations 315 drop-off stations Jun.12 Jun. 16 Nov.13 Jun.16 Jan. 12 Jun. 16 Cumulative number of pick-up boxes Cumulative number of pick-up stations Cumulative number of drop-off stat
Slide 13: Group Results H1 2016
1. Highlights and Overview 2. Strategy Implementation 3. GROUP RESULTS H1 2016 4. Outlook 2016 INVESTOR PRESENTATION I Investor Relations I Vienna, August 11, 2016 13
Slide 14: Financial Indicators H1 2016 at a Glance
FINANCIAL INDICATORS H1 2016 AT A GLANCE H1 20151 H1 2016 Revenue below the prior-year level (-8.8%) due to Revenue (EUR m) 1,175.0 1,071.1 the deconsolidation of trans-o-flex Revenue excl. 930.4 936.3 Slight revenue increase (+0.6%) in the core business trans-o-flex (EUR m) EBITDA margin 11.9% 12.8
Slide 15: Key Profit and Loss Account Indicators
KEY PROFIT AND LOSS ACCOUNT INDICATORS Change EUR m H1 20151 H1 2016 % abs. Q2 20151 Q2 2016 Revenue 1,175.0 1,071.1 -8.8% -103.9 575.1 478.3 Disposal of trans-o- flex, EUR 244.5m Other operating income 32.8 36.2 10.4% 3.4 16.4 12.7 in H1 2015 vs. Raw materials, consumables and EUR 134.8m in H1 -360
Slide 16: Mail & Branch Network Division: Revenue Development in H1 2016
MAIL & BRANCH NETWORK DIVISION: REVENUE DEVELOPMENT IN H1 2016 LETTER MAIL & MAIL SOLUTIONS (EUR m) DIRECT MAIL/MEDIA POST (EUR m) • Approx. 5% decline in letter mail volumes • Increase in unaddressed mail volumes (mainly retail sector), decline in addressed items • Positive revenue contribution fro
Slide 17: Mail & Branch Network Division: Profit and Loss Account
MAIL & BRANCH NETWORK DIVISION: PROFIT AND LOSS ACCOUNT Change EUR m H1 2015 H1 2016 % abs. Q2 2015 Q2 2016 Revenue 738.0 736.8 -0.2% -1.3 360.5 366.3 Positive election effects of EUR • Letter Mail & Mail-Solutions 400.7 403.5 0.7% 2.8 194.3 198.6 11.5m in H1 2016 • Direct Mail 210.2 206.2 -1.9% -4.
Slide 18: Parcel & Logistics Division: Revenue Development H1 2016
PARCEL & LOGISTICS DIVISION: REVENUE DEVELOPMENT H1 2016 REVENUE (EUR m) PARCEL & LOGISTICS DIVISION: 436.9 • Revenue excl. trans-o-flex up 3.7% in H1 2016 (Q2: +4.9%) 334.3 GERMANY: Germany 238.6 131.8 • Sale of trans-o-flex as at April 8, 2016 +3.7% CEE/SEE: +3.1% (Q2: +4.7%) 192.4 199.5 • Solid r
Slide 19: Parcel & Logistics Division: Profit and Loss Account
PARCEL & LOGISTICS DIVISION: PROFIT AND LOSS ACCOUNT Change EUR m H1 20151 H1 2016 % abs. Q2 20151 Q2 2016 Revenue excl. trans-o-flex 192.4 199.5 3.7% 7.1 95.7 100.3 Revenue decline due to sale of trans- Revenue 436.9 334.3 -23.5% -102.6 214.5 112.1 o-flex; revenue • Premium 323.7 227.5 -29.7% -96.2
Slide 20: Solid Balance Sheet Structure
SOLID BALANCE SHEET STRUCTURE BALANCE SHEET AS AT JUNE 30, 2016 EUR m Financial liabilities of only 1,458.2 1,458.2 EUR 5m Other financial liabilities 4.8 Cash and cash equivalents/ 289.8 Structure of provisions Securities1 Liabilities/ 365.2 EUR m Other Other provisions Liquid financial Financial a
Slide 21: Robust Cash Flow H1 2016
ROBUST CASH FLOW H1 2016 CASH FLOW DEVELOPMENT EUR m Cash flow from operating activities above the prior-year level 109.3 Improved operating free cash flow in H1 2016 89.9 -19.4 70.0 -19.1 +1.2 -2.0 Cash flow CAPEX Operating CAPEX new Other Acquisitions/ Free cash flow from free cash corporate Chang
Slide 22: Outlook 2016
1. Highlights and Overview 2. Strategy Implementation 3. Group Results H1 2016 4. OUTLOOK 2016 INVESTOR PRESENTATION I Investor Relations I Vienna, August 11, 2016 22
Slide 23: Outlook 2016
OUTLOOK 2016 • Public and financial sector customers are trying to reduce mail volumes, volume decline of about 5% expected in upcoming quarterly periods Market • Differentiated trends in the direct mail market environment • Expanding parcel market faced with intensified competition • Disposal and d
Slide 24: Contact
CONTACT Austrian Post Financial calendar 2016/2017 Investor Relations November 11, 2016 Interim report Q1-3 2016 Haidingergasse 1, 1030 Vienna March 9, 2017 Annual results 2016 Website: www.post.at/ir April 20, 2017 Annual General Meeting E-mail: investor@post.at May 2/4, 2017 Ex-dividend day/Divide
Slide 25: HIER KONNEN
HIER KONNEN 5 IE SEN RBUNGEN NON a BIS a UHR SELBST A OLEN. Y Seis IF IT REALL ae RELY ON AUSTRIAN POST.