Osterreichische Post Ag · VIE:POST

Osterreichische Post — Austrian Post — H1 2012 Earnings Presentation

24 slides from Osterreichische Post's earnings presentation, Aug 10, 2012

  1. Slide 1: Austrian Post H1 2012 Investor Presentation

    AUSTRIAN POST H1 2012 INVESTOR PRESENTATION Georg Pölzl/CEO, Walter Oblin/CFO Vienna, August 10, 2012

  2. Slide 2: Highlights and overview; Performance of the divisions; Group results; Outlook

    1. Highlights and overview 2. Performance of the divisions 3. Group results 4. Outlook for 2012 INVESTOR PRESENTATION H1 2012 | Investor Relations | Vienna, August 10, 2012 2

  3. Slide 3: Important Operational Measures H1 2012

    IMPORTANT OPERATIONAL MEASURES H1 2012 1. DEFENCE OF MARKET 2. GROWTH IN SELECTED LEADERSHIP IN THE CORE MARKETS BUSINESS  Strengthening of position in the  Disposal of Benelux subsidiaries growing Austrian parcel market  Strategic investments in CEE/SEE (B2C/B2B) (Poland, Bulgaria)  Confirmatio

  4. Slide 4: Financial Highlights H1 2012

    FINANCIAL HIGHLIGHTS H1 2012  Revenue rise of 3.1% in H1 despite weaker economy 1 Revenue  Positive half-year development in mail and parcel segments  EBITDA up 6.5% to EUR 132.9m 2 Earnings  EBIT rise of 13.5% to EUR 92.2m  Operating cash flow before changes in working capital: 3 Cash flow EUR

  5. Slide 5: Revenue Improvement of 3.1%

    REVENUE IMPROVEMENT OF 3.1% EUR m +3.1%  Solid revenue growth in spite of economic 1,137.9 1,173.1 uncertainties +4.9%  Parcel & Logistics: 410.9 Parcel & Logistics 430.8 Growth in e-commerce and further market share gains in the B2B segment  Mail & Branch Network: +2.1% 726.5¹ Mail & Branch Netw

  6. Slide 6: Group EBIT Increase of 13.5%

    GROUP EBIT INCREASE OF 13.5% EUR m +13.5% +12.4 +1.1 92.2  Positive earnings 81.3 -2.5 development in both divisions based on revenue increase and enhanced efficiency Earnings improvement in the operating divisions  Corporate: higher provisioning requirements already in Q1 due to lower discount in

  7. Slide 7: Highlights and overview; Performance of the divisions; Group results; Outlook

    1. Highlights and overview 2. Performance of the divisions 3. Group results 4. Outlook for 2012 INVESTOR PRESENTATION H1 2012 | Investor Relations | Vienna, August 10, 2012 7

  8. Slide 8: Mail & Branch Network Division: Top Issues H1 2012

    MAIL & BRANCH NETWORK DIVISION: TOP ISSUES H1 2012 Customer-oriented structural change in the branch network 1  Joint branch network with BAWAG P.S.K.  Implementation of the new post office design New sorting technologies to enhance efficiency 2  Three high-tech collators distribution centres for

  9. Slide 9: Mail & Branch Network Division: Revenue Rise of 2.1%

    MAIL & BRANCH NETWORK DIVISION: REVENUE RISE OF 2.1%1 Letter Mail & Mail Solutions 7.0%  Revenue up 7.0% in H1 - 1 working day more in Q1 2012, 211.1 205.2 1 working day less in Q2 2012 181.0 183.8 188.3 185.1 - New product portfolio as of May 1, 2011 - Various Internet shipments sent as letter mai

  10. Slide 10: Branch Network: Structural Transformation and Integration

    BRANCH NETWORK: STRUCTURAL TRANSFORMATION AND INTEGRATION Sustainable structural transformation of the branch network in order to improve service and the cost structure approx. 2,000 1,850 1,876 1,880 1,878 1,889 1,552 Statutory minimum of 1,650 418 1,117 1,212 1,258 1,266 1,283 Further Postal conve

  11. Slide 11: Parcel & Logistics Division: Top Issues H1 2012

    PARCEL & LOGISTICS DIVISION: TOP ISSUES H1 2012 Growth in Austria 1  Consistent expansion of B2B market share  Extension of service portfolio: acquisition of “Systemlogistik” trans-o-flex: continuation of optimisation measures 2  Sale of Benelux subsidiaries successfully concluded  Efficiency me

  12. Slide 12: Parcel & Logistics Division: Revenue Increase of 4.9%

    PARCEL & LOGISTICS DIVISION: REVENUE INCREASE OF 4.9% Germany 8.2% 6.0% 5.0% Germany: 3.4% 2.9% Revenue up 3.2% in H1 2012 due 1.8% to changed product portfolio Austria 12.2%1 Austria: 9.7% 10.6%1 8.2% Revenue rise of 11.4%1 in H1; 5.5% impetus from online shopping and 2.9% market share increase wit

  13. Slide 13: Highlights and overview; Performance of the divisions; Group results; Outlook

    1. Highlights and overview 2. Performance of the divisions 3. Group results 4. Outlook for 2012 INVESTOR PRESENTATION H1 2012 | Investor Relations | Vienna, August 10, 2012 13

  14. Slide 14: Overview of Key H1 2012 Financial Indicators

    OVERVIEW OF KEY H1 2012 FINANCIAL INDICATORS H1 2011 H1 2012 1 Revenue 1,137.9 1,173.1 Revenue improvement of 3.1% 2 EBITDA margin 11.0% 11.3% Margin in the targeted range of 10-12% 3 EBIT margin 7.1% 7.9% Further increase in profitability 4 Free cash flow 65.1 87.4 Positive development with +34,3%

  15. Slide 15: Income Statement

    INCOME STATEMENT Change EUR m H1 2011 H1 2012 Q2 2011 Q2 2012 % absolute Revenue 1,137.9 1,173.1 +3.1% +35.2 566.5 567.4 Raw materials, consumables and -360.8 -379.5 +5.2% +18.6 -178.1 -188.6 services used Staff costs -540.6 -549.5 +1.7% +8.9 -273.9 -265.2 Other operating expenses -143.6 -142.4 -0.8

  16. Slide 16: Mail & Branch Network Division: Income Statement

    MAIL & BRANCH NETWORK DIVISION: INCOME STATEMENT Change EUR m H1 2011 H1 2012 Q2 2011 Q2 2012 % absolute Revenue (external sales) 726.5 741.6 +2.1% +15.1 363.9 356.6  Letter Mail & Mail Solutions 364.8 390.3 +7.0% +25.4 183.8 185.1  Direct Mail 218.2 213.6 -2.1% -4.6 108.0 104.0  Media Post 68.4

  17. Slide 17: Parcel & Logistics Division: Income Statement

    PARCEL & LOGISTICS DIVISION: INCOME STATEMENT Change EUR m H1 2011 H1 2012 Q2 2011 Q2 2012 % absolute Revenue (external sales) 410.9 430.8 +4.9% +19.9 202.4 210.1 Total revenue1 423.2 435.3 +2.9% +12.2 208.3 212.2 EBITDA 22.0 22.0 +0.3% +0.1 10.9 9.2 EBITDA margin2 5.2% 5.1% - - 5.2% 4.3% Depreciati

  18. Slide 18: Solid Balance Sheet Structure

    SOLID BALANCE SHEET STRUCTURE Assets (EUR m): Cash and cash Equity and liabilities (EUR m): Low level equivalents/securities of EUR 271m of financial liabilities of EUR 26m after Q2 dividend payment of EUR 115m 1,650 1,619 1,650 1,619 Financial Cash and cash 72 26 liabilities 264 238 equivalents Int

  19. Slide 19: Cash Flow in H1 2012 Above the Prior-Year Level

    CASH FLOW IN H1 2012 ABOVE THE PRIOR-YEAR LEVEL EUR m +19.0m 112.3 +22.3m 93.3 -9.0 +9.6 87.4 -25.5 Acquisitions as well as 37.7 EXIT from Benelux H1 2011 H1 2012 Changes in CAPEX Other H1 2012 Operating cash flow net working Free cash flow before before changes in capital acquisitions/divestments w

  20. Slide 20: Highlights and overview; Performance of the divisions; Group results; Outlook

    1. Highlights and overview 2. Performance of the divisions 3. Group results 4. Outlook for 2012 INVESTOR PRESENTATION H1 2012 | Investor Relations | Vienna, August 10, 2012 20

  21. Slide 21: Outlook Confirmed for 2012

    OUTLOOK CONFIRMED FOR 2012  Dampened economic situation impacts development in the field of Market letter mail, direct mail and parcels environment  Structural change: electronic substitution reduces addressed letter mail items; parcel growth due to Internet shopping  Stable to slightly positive

  22. Slide 22: Strategic Focus

    STRATEGIC FOCUS 1. DEFENCE OF MARKET 2. GROWTH IN SELECTED LEADERSHIP IN THE CORE MARKETS BUSINESS Exploitation of potential in CEE and Two-brand strategy and focus on growth in Mail Solutions advertising market Extension of service portfolio Expansion of B2C and B2B market (e-fulfillment, pharmaceu

  23. Slide 23: Contact

    CONTACT Österreichische Post AG Financial calendar 2012 Investor Relations Aug. 10, 2012 Interim report H1 2012 Haidingergasse 1, 1030 Vienna Nov. 16, 2012 Interim report Q1-3 2012 Website: www.post.at/ir E-mail: investor@post.at Phone: +43 57767-30401 Fax: +43 57767-30409 Disclaimer This presentati

  24. Slide 24: és ‘ IF IT REALLY

    és ‘ IF IT REALLY Fe _, COUNTS; RELY ON

Austrian Post — H1 2012 Earnings Presentation on 6ix