Ctt - Correios De Portugal Sa · EURONEXT:CTT
Ctt - Correios De Portugal Sa — CTT - Correios de Portugal — Q1 2025 Earnings Presentation
17 slides from Ctt - Correios De Portugal Sa's earnings presentation, May 8, 2025
Slide 1: Commitment with Purpose - 1Q25 appendix
8 May 2025 20 march 2025 Commitment with Purpose 1Q25 appendix
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 1
Slide 3: Appendix
Appendix
Slide 4: Solid balance sheet
Solid balance sheet Balance sheet - 31 March 2025 € million; % change vs. 31 Dec. 2024 I Fixed tangible assets II Net employee benefits 5,626 5,626 Fixed Equity 306 (+) Employee benefits (liabilities)* 184.7 351 (+) Rights of use (leases) 161.7 tangible (+3.6%) I (-0.6%) assets (+) Other fixed tangi
Slide 5: Steep growth in Express & Parcels
Steep growth in Express & Parcels Express & Parcels - Revenues 1Q25 EBITDA1 Recurring EBIT2 Consolidated view; € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. prior year +27.4% 12.7 Iberia 122.8 (+22.8%) 10.0 +24.5% 7.0 Mozambique 1.9 (+35.0%) 5.6 Total
Slide 6: Stabilisation of revenues via price increases in Mail
Stabilisation of revenues via price increases in Mail Mail & Other - Revenues Payments Addressed Other € million; % change vs. prior year Busines solutions Unadressed 125 5 118 Lfl3: 12 +3.3% 5 y.o.y 13 Addressed mail Regulated mail Addressed mail weight weight y.o.y average revenue per 64 y.o.y vol
Slide 7: Addressed mail, business solutions and payments driving growth
Addressed mail, business solutions and payments driving growth Mail & Other - Revenues 1Q25 EBITDA1 Recurring EBIT2 € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. prior year Addressed mail 92.8 (-7.9%) Unaddressed mail 0.8 (-40.4%) Business solutions 13
Slide 8: Public debt placements normalised in 4Q24
Public debt placements normalised in 4Q24 Financial Services - Revenues 1Q25 EBITDA1 Recurring EBIT2 € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. prior year +124.5% +125.9% 6.7 6.6 Savings & insurance 8.7 (+286.0%) Money transfers3 1.5 (-0.2%) 3.0 2.9
Slide 9: Continued growth in business volumes and revenues
Continued growth in business volumes and revenues Banco CTT - Revenues 1Q25 EBITDA1 Recurring EBIT2 € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. prior year +7.7% 33.6 0.6 31.1 …by type: Other 0.5 Other 0.9 +7.7% 7.8 Fees & commissions 6.6 7.5 income C
Slide 10: Market share gain in customer deposits, with a very liquid balance sheet
Market share gain in customer deposits, with a very liquid balance sheet Banco CTT Consolidated Balance Sheet - 31 March 2025 € million; % change vs. 31 Dec 2024 I Loans by type II Non-performing exposures 93.0 Other 85.9 2.5 0.2% Other 2.5 4,649 4,649 Cash & cash 627 (-21.4%) Auto 76.2 83.8 Mortgag
Slide 11: Accelerating growth of mortgage portfolio while rebalancing client resources
Accelerating growth of mortgage portfolio while rebalancing client resources Bank Customer resources1 Loans volumes2,3 € million, EoP € million, EoP -1.5% +1.3% 4,044 3,983 Improving client engagement by: 949 • Revamping Banco CTT hubs and 938 Deposits Yield4 upgrade core platform and digital Yield4
Slide 12: Very strong capital levels to support further growth
Very strong capital levels to support further growth Capital (CET1, TCR)1 MREL %, Fully implemented % RWA, €m 1,130 1,025 24.9% 24.4% 23.9 Favourable impact of 22.1% 21.2 +3.3pp from CRR35 13.5% TCR 8.7% CET1 Dec-24 Mar-25 Requirements2 Dec-24 Mar-24 Requirements for June 20264 Leverage ratio3 5.4%
Slide 13: Consolidated Income statement
Consolidated Income statement Income statement € million With Banco CTT under Reported equity method 1Q24 1Q25 1Q24 1Q25 Revenues 263.5 288.5 234.2 256.6 Operating costs 229.4 248.7 207.1 224.4 of which Impairments & provisions 5.8 4.4 1.4 -0.1 EBITDA 34.0 39.9 27.0 32.2 Depreciation & amortisation
Slide 14: Consolidated Balance sheet
Consolidated Balance sheet Balance sheet € million With Banco CTT under Reported equity method 31-Dec-24 31-Mar-25 31-Dec-24 31-Mar-25 Non-current assets 2,520.0 2,637.4 783.1 800.6 Current assets 3,188.9 2,988.6 514.1 500.7 Assets 5,708.8 5,626.0 1,297.2 1,301.2 Equity 308.3 306.5 281.0 278.9 Liabi
Slide 15: Consolidated Cash Flow statement
Consolidated Cash Flow statement 0. Reported With Banco CTT under equity method Cash flow € million 1Q24 1Q25 ∆ 25/24 1Q24 1Q25 ∆ 25/24 EBITDA 34.0 39.9 5.8 27.0 32.2 5.2 IFRS16 with impact on EBITDA -8.2 -10.5 -2.3 -7.9 -10.0 -2.2 Impairments & provisions 5.5 4.2 -1.3 1.2 -0.3 -1.5 Specific items -
Slide 16: Specific items
Specific items Specific items € million Reported 1Q24 1Q25 16.9 20.2 Recurring EBIT 2.0 9.0 Mainly due to HR Optimisation Specific items Programme 0.1 4.4 Staff costs 1.6 2.9 ES&S Primarily related to M&A activities, 0.3 1.7 including second phase of RE Other op. costs & other gains 14.9 11.2 EBIT 1
Slide 17: Commitment with Purpose - Investor Relations
Commitment with Purpose 1Q25 Appendix We make our path fully Investorcommitted Relations to deliver 2024 Phone: +351 210 471appendix 087 E-mail: investors@ctt.pt ctt.pt 8 May 2025
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