Singapore Post Ltd. · SGX:S08
Singapore Post — Shareholder Meeting (July 2022)
20 slides from Singapore Post's shareholder meeting presentation, Jul 21, 2022
Slide 1: FY2021/22 Annual General Meeting Presentation
FY2021/22 Annual General Meeting Presentation 21 July 2022 1
Slide 2: Group Overview
Group Overview Vincent Phang Group CEO 2
Slide 3: FY2021/22 in Review
FY2021/22 in Review Resilient FY21/22 performance amid the COVID-19 pandemic and structural decline in core mail business 3
Slide 4: Domestic Post & Parcel: Committed to High Service Quality
Domestic Post & Parcel: Committed to High Service Quality Maintaining high service quality Changing mail profile with structural decline despite rising operating costs in traditional letter mail Change in Revenue (S$m) $15 eCommerce Logistics Letter mail $10 $5 $0 -$5 -$10 -$15 FY19/20 FY20/21 FY21/
Slide 5: Domestic Post & Parcel: Transforming to Serve Changing Needs
Domestic Post & Parcel: Transforming to Serve Changing Needs Transforming Postal for an effective, carbon efficient and high quality service Investing in infrastructure: ▪ PostPal smart letterbox trial ▪ Electrification of delivery fleet ▪ Automation/Sortation capabilities ▪ Expanded locker network
Slide 6: International Post & Parcel: Re-engineering Assets to Connect Globally
International Post & Parcel: Re-engineering Assets to Connect Globally Integration of International Businesses Challenging conditions for IPP Global Postal Network Cross Border & Last-mile business with high conveyance costs (International Post Transportation, Warehousing / & Parcel) Fulfilment (Qua
Slide 7: Logistics: Further Expansion into Australia
Logistics: Further Expansion into Australia Integrating and Building Scale, Developing End-to-end Capabilities CROSS BORDER SHIPPING FREIGHT FORWARDING LAST MILE DELIVERY TRANSPORT TECH SOLUTIONS 17 150+ ~253k 4PL WAREHOUSE- Facilities Partner Footprint (sqm) FULFILLMENT carriers QS (Australia) ~7k
Slide 8: Property: Resilient Business and Enabler for the Group
Property: Resilient Business and Enabler for the Group SingPost Centre in Paya Lebar comprising a retail mall, office tower and housing SingPost’s headquarters and mail processing facility Paya Lebar precinct envisaged by URA to be developed into a lively commercial centre 8
Slide 9: Group Strategic Pillars
Group Strategic Pillars Confidential ,— Solutions Provider In Asia Pacific Transformation Into A Leading Ecommerce Logistics Ooty rc Property As Enabler >) ( ~ (— ~ AUSTRALIA SINGAPORE INTERNATIONAL Building Scale And Leveraging Infrastructure Re-engineering Assets Combining Capabilities To Connect
Slide 10: Key Challenges in FY2022/23
Key Challenges in FY2022/23 Letter mail decline; Global supply chain competitive eCommerce Inflationary pressures disruption logistics market Continued decline in Further supply chain Oil price volatility and impact traditional letter mail volumes disruptions on electricity and fuel expenses Highly
Slide 11: Sustainability Updates
Sustainability Updates Michelle Lee Head, Corporate Services and Sustainability 11
Slide 12: Advancing Sustainability Goals
Advancing Sustainability Goals 12
Slide 13: FY2021/22 Financial Highlights
FY2021/22 Financial Highlights Vincent Yik Group CFO 13
Slide 14: Group Performance – FY2021/22
Group Performance – FY2021/22 14
Slide 15: Revenue Split by Markets
Revenue Split by Markets Australia 28% (vs 18% in FY20/2 Interna 29% (vs 23% in FY20/21) Property & i Get Singapore th? 43% ‘ (vs 59% DPP in FY20/21) 15% FY2021/22 Revenue $$1,665.6m Shift in revenue contributions as the Group continues transformation to become a leading logistics player in Asia Pac
Slide 16: Performance by Segments
Performance by Segments Confidential S$M Revenue 1,665.6 1,404.7 mem Property 115.4 soe 998.5 Logistics" 618.1 Post & Parcel 743.9 6223 Inter-segment elim. (40 liwEs FY20/21 FY21/22 Operating Profit 112.1 Property a = Logistics" | 14.3 | jas Post & Parcel 43.5 | 2 | (9.9) | Others” (25.4) FY20/21 FY
Slide 17: Capital Management
Capital Management Balance sheet optimisation to support growth Redeemed S$350m outstanding perpetual securities in March 2022 Undertook financing activities = §$100m senior notes issued in March 2022 = $$250m perpetual securities issued in April 2022 Confidential Otte — Divest non-strategic assets
Slide 18: Financial Position
Financial Position Orga, oe . Operating Cash Inflow Balance sheet optimisation P $ $$89.5m New S$250m perpetual securities issued subsequent vs S$215.4m Working capital to financial year end in FY20/21 changes a , Higher coverage on improved EBITDA performance which offset higher finance expenses Lo
Slide 19: Proposed Dividend
Proposed Dividend Orga, Dividend per share Proposed final dividend of 1.3 cents per share, bringing total S¢ 1.8 dividend to 1.8 cents per share for FY2021/22 1.1 Proposed Represents 50% of FY2021/22 Underlying Net Profit, 0.6 Final compared to 40% last year Final Interim Interim FY20/21 FY21/22 19
Slide 20: Thank You
THANK YOU Confidential