Slide 1: Austrian Post Investor Presentation H1 2024
AUSTRIAN POST Investor Presentation H1 2024 Walter Oblin, CFO Vienna, 7 August 2024 INVESTOR PRESENTATION Investor Relations Vienna, 7 August 2024
Slide 2: Austrian Post at a Glance
AUSTRIAN POST AT A GLANCE Revenue mix H1 2024 Mail Parcel & Logistics Retail & Bank – Letter Mail – Parcels & Express – Branch & Financial Branch & – Direct Mail – Fulfilment & Services Financial Services – Newspapers & Cash Transport – Customer Services Letter Mail & Magazines – E-Commerce Services
Slide 3: Economic Environment: Major Challenges and Uncertainties
ECONOMIC ENVIRONMENT: MAJOR CHALLENGES AND UNCERTAINTIES Structural change in the Türkiye: high inflation with Subdued growth momentum in Austria retail sector relatively stable currency in H1 Austrian consumer price index Turkish consumer price index Year-on-year change (%) Year-on-year change (%)
Slide 4: Structural Change Due to Parcel Growth
STRUCTURAL CHANGE DUE TO PARCEL GROWTH Revenue Δ H1 23/24 EUR m 1,505.2 +17.2% 1,284.8 1,211.8 804.9 +28.1% 891.4 628.4 572.0 128.3 Parcel & Logistics Mail Retail & Bank 682.1 619.0 +3.5% 599.5 598.1 80.0 54.2 76.5 95.7 +25.0% H1 20101 H1 2022 H1 2023 H1 2024 1 Adjusted presentation–excl. trans-o-fl
Slide 5: H1 Revenue Supported by Several Favourable Conditions
H1 REVENUE SUPPORTED BY SEVERAL FAVOURABLE CONDITIONS (ELECTION AND CURRENCY EFFECTS) Δ Q2 2024 Δ H1 2024 EUR m Revenue +20.4% 746.6 +17.2% 1,505.2 Positive revenue effects of (excl. Parcel Türkiye) (+10.4%) (+10.3%) elections and pricing measures Mail +4.8% 303.5 +3.5% 619.0 as of 1 September 2023
Slide 6: H1 Group Revenue Shows a Good Operating Development
H1 GROUP REVENUE SHOWS A GOOD OPERATING DEVELOPMENT (+17.2%; EXCL. TÜRKIYE +10.3%) Revenue development EUR m +17.2% (+10.3% excl. Parcel Türkiye) 1,505.2 Retail & Bank 95.7 – Interest environment and customer ramp-up positively impact revenue +25.0% Q2 1,284.8 +23.9% – Increase in Income from Financ
Slide 7: Good Revenue Development in All Markets, Türkiye Impacted by Inflation
GOOD REVENUE DEVELOPMENT IN ALL MARKETS, BUSINESS IN TÜRKIYE IMPACTED BY INFLATION AND EXCHANGE RATE Quarterly revenue comparison EUR m Q1 Q2 +14.1% +20.4% Favourable revenue 758.6 746.6 development from 664.7 118.2 116.3 Türkiye impacted by high 610.4 620.2 601.4 83.6 +41.4% +135.0% inflation and e
Slide 8: Mail and Parcel Business as Strong Pillars – Earnings Up 11%
MAIL AND PARCEL BUSINESS AS STRONG PILLARS – EARNINGS UP BY 11% IN H1 2024 EBIT development EUR m +10.9% Mail – Declining volumes offset by pricing effects and elections – Q2 +10.9% to EUR 40.7m | H1 +6.9% to EUR 83.0m 105.6 95.2 -6.4 +0.5 Parcel & Logistics +10.9 +5.3 – Positive earnings developmen
Slide 9: Strategy of Austrian Post: Ahead to the Future
STRATEGY OF AUSTRIAN POST: AHEAD TO THE FUTURE INVESTOR PRESENTATION Investor Relations Vienna, 7 August 2024 9
Slide 10: Letter Mail
1 LETTER MAIL Volumes Austria and International Austrian Letter Mail volumes (millions of shipments) (items adjusted on a daily basis) Ø -4.3% Ø -5.9% 939 690 541 – Austrian letter mail volumes down 7% in Q2 2024 (H1: -7%) Revenue Revenue – Positive framework conditions EUR EUR due to elections (mai
Slide 11: Priority and Non-Priority Rates in Europe
1 PRIORITY AND NON-PRIORITY RATES IN EUROPE Denmark 2.87 4.01 Italy 1.46 3.40 Estonia 1.81 3.21 Greece 1.67 3.06 Poland 2.19 2.60 Lithuania 2.59 Romania 1.76 2.55 Latvia 2.46 Belgium 1.47 2.31 Finland 2.30 Slovakia 1.43 2.14 Czech Republic 1.64 2.07 Croatia 1.02 1.76 Norway 1.63 Hungary 1.14 1.63 Po
Slide 12: Direct Mail/Media Post in Austria
1 DIRECT MAIL/MEDIA POST IN AUSTRIA Volumes Direct Mail/Media Post volumes (millions of shipments) (items adjusted on a daily basis) Ø -1.8% p.a. Ø -5.3% p.a. 5,108 4,417 3,554 – 6% decline in Direct Mail/Media Post in Q2 2024 (H1: -7%) Revenue EUR Revenue EUR – General decline in advertising due to
Slide 13: Parcel Business in Austria
1 PARCEL BUSINESS IN AUSTRIA Volumes Parcel volumes (millions of shipments) (items adjusted on a daily basis) Ø +12.0% Ø +9.8% p.a. p.a. 200 Revenue EUR 127 806m +15% +12% +12% – Parcel growth in Austria of 12% in Q2 2024 (H1: +13%) +5% – Positive volume development 50 from Europe as well as Asia Re
Slide 14: Investments in Sustainable Infrastructure
1 INVESTMENTS IN SUSTAINABLE INFRASTRUCTURE CAPEX (EUR m) 161 CAPEX H1 2024 152 155 140-160 - Maintenance CAPEX of EUR 36.0m 143 - Growth CAPEX of EUR 10.3m - CAPEX EUR 9.9m invested in green transformation (e-mobility, e-charging infrastructure, photovoltaic systems) H1 2024 EUR 46.3m CAPEX forecas
Slide 15: Expansion of Austrian Logistics Infrastructure
1 EXPANSION OF AUSTRIAN LOGISTICS INFRASTRUCTURE 2018 2019 2020 2021 2022 2023 2024 Sorting capacity (parcels/h, cumulative) LC Tyrol LC Vienna LC Styria LC Upper Austria 143,000 138,000 LC Lower Austria 129,000 LC Tyrol LC Vorarlberg 104,000 LC Lower Austria LC Salzburg 91,000 LC Styria LC Upper Au
Slide 16: Staff Structure in Austria
1 STAFF STRUCTURE IN AUSTRIA Employees in the Austrian core business Full-time equivalents (average for the period) 21,926 490 17,141 +13 17,128 9,397 -355 Civil Servants -192 Employees Old CLA +560 Employees New CLA 10,512 9,952 New Collective Labour Agreement 12,039 3,230 3,038 Old Collective Labo
Slide 17: Profitable Growth in Near Markets
2 PROFITABLE GROWTH IN NEAR MARKETS Focus on Parcel & Logistics CEE/SEE Türkei Millions of parcels Millions of items 206 217 198 206 156 150 70 52 54 34 35 44 2018 2019 2020 2021 2022 2023 2024e 2018 2019 2020 2021 2022 2023 2024e Revenue 2023 Revenue 2023 EUR 198m EUR 355m Locations with own logist
Slide 18: Türkiye: Favourable Development of Business
2 TÜRKIYE: FAVOURABLE DEVELOPMENT OF BUSINESS Financial indicators – Slight volume decline due to insourcing of large e-commerce customers Revenue – TRY revenue development in H1: +118% – EBIT margin above the Group average +118% +75% – About 50% of cash on hand on balance sheet in EUR/USD – Good ca
Slide 19: Good Customer Ramp-Up at bank99
3 GOOD CUSTOMER RAMP-UP AT BANK99 31.12.2023 30.06.2024 bank99 balance sheet total Top issues 2024 as at 30.06.2024 EUR bn Retail and digital bank 3.7 3.7 Migration of core banking Equity, system Financial 0.4 other − Exit ING Orange Lion assets, 0.9 Customers − ONE customer-managing system other 28
Slide 20: Self-Service Solutions Are Very Popular with Customers
3 SELF-SERVICE SOLUTIONS ARE VERY POPULAR WITH CUSTOMERS Volumes 24/7 (millions of items) First Mile (send, return) Last Mile (receive) 27.3 23.4 21.6 622 Drop-off devices 17.6 H1 +16.2% 13.8 76,894 11.3 Pick-up boxes 8.3 5.9 3.4 115,891 1.3 Lockers at pick-up stations 2014 2015 2016 2017 2018 2019
Slide 21: Expansion of E-Vehicle Fleet and PV Facilities in Progress
EXPANSION OF E-VEHICLE FLEET AND PV FACILITIES IN PROGRESS Ramp-up for e-vehicle fleet1 Photovoltaic facilities1 (Number of vehicles) (Output in cumulative MWp) 6.183 >20.0 >4,800 ~15.0 4,022 3,039 Currently already 9.4 H1 10 MWp 4,344 on the grid H1 4.3 H1 3,072 10.0 H1 4.4 2011 22 23 24e 2030e 201
Slide 22: Entire Truck Fleet Converted to Fossil-Free Fuel
ENTIRE TRUCK FLEET CONVERTED TO FOSSIL-FREE FUEL – 180 Austrian Post trucks operate with HVO100 – Conversion from diesel to hydrotreated vegetable oils (HVO) – Savings of up to 80% in CO2 – 2 electric-powered lorries in use Shuttle service between Vienna Airport and the Vienna Logistics Centre INVES
Slide 23: Financial Indicators at a Glance
FINANCIAL INDICATORS AT A GLANCE H1 2023 H1 2024 Revenue (EUR m) 1,284.8 1,505.2 Revenue increase of 17.2% EBITDA margin (%) 14.7 14.1 EBITDA margin of 14.1% EBIT margin (%) 7.4 7.0 EBIT margin of 7.0% slightly below the prior-year Earnings/share (EUR) 1.13 1.12 Earnings per share of EUR 1.12 Cash f
Slide 24: Key Income Statement Indicators
KEY INCOME STATEMENT INDICATORS EUR m H1 2023 H1 2024 % ∆ Q2 2023 Q2 2024 Positive revenue development in all operating Revenue 1,284.8 1,505.2 17.2% 220.4 620.2 746.6 divisions: Other operating income 38.0 47.8 26.0% 9.9 19.4 24.3 Mail +3.5% Parcel & Logistics +28.1% Raw materials, consumables and
Slide 25: Mail Division: Revenue Development in H1 2024
MAIL DIVISION: REVENUE DEVELOPMENT IN H1 2024 Revenue development EUR m +3.5% 619.0 598.1 Direct Mail/Media Post – Positive revenue development despite the subdued advertising +4.7% environment 229.7 Q2 – Several market segments are under pressure (furniture, mail order 219.3 +5.4% business), positi
Slide 26: Mail Division: Key Income Statement Indicators
MAIL DIVISION: KEY INCOME STATEMENT INDICATORS EUR m H1 2023 H1 2024 % ∆ Q2 2023 Q2 2024 Product and postal rate increases as we as elections Revenue 598.1 619.0 3.5% 21.0 289.5 303.5 offset letter mail/direct mail • Letter Mail & Business Solutions 378.7 389.3 2.8% 10.6 180.6 188.7 volume decline •
Slide 27: Parcel & Logistics Division: Revenue Development in H1 2024
PARCEL & LOGISTICS DIVISION: REVENUE DEVELOPMENT IN H1 2024 Revenue development EUR m +28.1% (+15.2% excl. Parcel Türkiye) Logistics Solutions/Consolidation 804.9 – Logistics services at a constant level -6.8% 27.8 – Negative consolidation effects Q2 107.9 -4.2% 628.4 +17.7% Parcel CEE/SEE Q2 – Reve
Slide 28: Parcel & Logistics Division: Key Income Statement Indicators
PARCEL & LOGISTICS DIVISION: KEY INCOME STATEMENT INDICATORS EUR m H1 2023 H1 2024 % ∆ Q2 2023 Q2 2024 Very positive revenue Revenue 628.4 804.9 28.1% 176.5 301.3 402.0 development in all parcel regions • Parcel Austria 373.9 434.8 16.3% 60.9 188.8 219.3 • Parcel Türkiye 133.0 234.5 76.2% 101.4 49.5
Slide 29: Retail & Bank Division: Revenue Development in H1 2024
RETAIL & BANK DIVISION: REVENUE DEVELOPMENT IN H1 2024 Revenue development EUR m +25.0% 95.7 20.5 76.5 +2.8% Branch Services Q2 – Revenue up by 2.8% +4.9% – Price adjustments for retail goods 19.9 Income from Financial Services – Revenue increase of 32.9% +32.9% 75.2 Q2 – Higher net interest income
Slide 30: Retail & Bank Division: Key Income Statement Indicators
RETAIL & BANK DIVISION: KEY INCOME STATEMENT INDICATORS EUR m H1 2023 H1 2024 % ∆ Q2 2023 Q2 2024 Income from Financial Services continues to be Revenue 76.5 95.7 25.0% 19.1 39.1 48.4 driven by higher benchmark • Income from Financial Services 56.6 75.2 32.9% 18.6 29.1 37.9 interest rate and custome
Slide 31: Solid Balance Sheet and Financing Structure
SOLID BALANCE SHEET AND FINANCING STRUCTURE EUR m 5,957.1 5,957.1 30.06.2024 Cash, money market/securities investments 70.3 Financial assets, investment property 122.6 659.0 Other financial liabilities Loans of EUR 225m and lease liabilities of EUR 391m (IFRS 16) 575.8 Liabilities/Other Financial de
Slide 32: Operating Free Cash Flow of EUR 147m
OPERATING FREE CASH FLOW OF EUR 147M EUR m Free cash flow above previous year's level (incl. positive tax effect from previous period) 175.2 +7.9 147.1 133.6 -36.0 -10.3 -3.2 Investments in green transformation of EUR 9.9m: e-mobility, e-charging infrastructure, photovoltaic systems Cash flow from o
Slide 33: Outlook 2024
OUTLOOK 2024 – Low economic growth and subdued investment climate impact purchasing behaviour of companies Market and consumers environment – Ongoing decline of letter mail and direct mail volumes, growing parcel volumes – Positive revenue development: increase at least in the upper single-digit ran
Slide 34: Contact
CONTACT Austrian Post Financial calendar 2024/2025 Investor Relations 05 November 2024 Interim Report Q1-3 2024 Rochusplatz 1, 1030 Vienna 07 March 2025 Annual Report 2024 Website: post.at/investor 09 April 2025 Annual General Meeting E-mail: investor@post.at 16/23 April 2025 Ex-day/Dividend payment