Slide 1: Austrian Post Investor Presentation Q1-3 2022
AUSTRIAN POST Investor Presentation Q1-3 2022 Walter Oblin, CFO Vienna, 11 November 2022 INVESTOR PRESENTATION Investor Relations Vienna, 11 November 2022
Slide 2: Agenda
1. Highlights and Overview 2. Strategy Implementation 3. Group Results Q1-3 2022 4. Outlook 2022 and 2023 INVESTOR PRESENTATION Investor Relations Vienna, 11 November 2022 2
Slide 3: Austrian Post Q1-3 2022
AUSTRIAN POST Q1-3 2022 Mail Parcel & Logistics Retail & Bank Revenue mix Q1-3 – Letter Mail – Parcels and Express – Branch and Financial – Direct Mail – Fulfilment and Services Branch & Financial – Newspapers and Cash Transport – Customer Services Services Magazines – E-Commerce Services Parcel Rev
Slide 4: Macroeconomic headwinds in 2022
MACROECONOMIC HEADWINDS IN 2022 Rising energy costs Inflation hinders consumption Difficult conditions in Turkey Diesel price in Austria 2.0 Austrian Consumer Price Index Turkish Consumer Price Index EUR/Liter Change YOY (%) Change YOY (%) +85.5 +10.5 1.2 +17.5 +2.8 Source: Federal Ministry for Clim
Slide 5: Overview 2022
OVERVIEW 2022 Macroeconomic environment as a challenge for postal and parcel service providers Positive revenue development Q3 in all divisions Q3 2022 Q1-3 2022 Group revenue +5.7% -1.0% – Mail with positive special effects +0.8% -0.7% – Parcel & Logistics with increase in volume and revenue +5.6%
Slide 6: Q1-3 2022 group revenue slightly below prior year, whereas Q3 2022 up by 5.7%
Q1-3 2022 GROUP REVENUE SLIGHTLY BELOW PRIOR YEAR, WHEREAS Q3 2022 UP BY 5.7% Revenue development Group: -1.0% in Q1-3 (Q3: +5.7%) Special and catch-up effects in letter and direct mail, parcel decline due EUR m -1.0% to the Turkish subsidiary Aras Kargo, revenue increase of 1.9% in Q1-3 (+1.9% excl
Slide 7: Solid earnings Q1-3 2022 in a challenging environment
SOLID EARNINGS Q1-3 2022 IN A CHALLENGING ENVIRONMENT EBIT development Group: -13.0% in Q1-3 (Q3: -15.5%) Generally difficult business environment and market situation in Turkey EUR m negatively affect Group earnings -13.0% Mail: -0.1% to EUR 110.7m 144.0 – Stable volume development in letter and di
Slide 8: Agenda
AGENDA 1. Highlights and Overview 2. Strategy Implementation 3. Group Results Q1-3 2022 4. Outlook 2022 and 2023 INVESTOR PRESENTATION Investor Relations Vienna, 11 November 2022 8
Slide 9: Strategy of Austrian Post: Ahead to the Future
STRATEGY OF AUSTRIAN POST: AHEAD TO THE FUTURE INVESTOR PRESENTATION Investor Relations Vienna, 11 November 2022 9
Slide 10: Letter Mail
1 LETTER MAIL Austrian Letter Mail volumes – Letter Mail volumes driven by special Q2 and Q3 mailings (Energy Bonus, mailings by Austrian and International Volumes utilities, Climate Bonus, elections) (millions of items) – Letter Mail development 2022: Q3: operating -6%, incl. special effects -1% Ø
Slide 11: Direct Mail/Media Post in Austria
1 DIRECT MAIL/MEDIA POST IN AUSTRIA Direct Mail/Media Post volumes – After recovery effect in H1 2022 now Volumes restrained market sentiment with -5% in Q3 (millions of items) (high paper prices – smaller print runs, weight reductions) Ø -1.8% p.a. – Volume +3% in Q1-3 Ø -6.2% p.a. 5,108 4,883 4,73
Slide 12: Parcel business in Austria
1 PARCEL BUSINESS IN AUSTRIA Parcel volumes – Turnaround in volume development vs. Volumes strong prior-year period (millions of items) – Increase of 6% in Q3 2022, -1% in Q1-3 Ø +9.8% p.a. Ø +20.4% p.a. +16% 184 166 -1% 127 +29% 108 97 EUR 80 81 716m +44% 70 74 Revenue 59 65 50 57 2009 2010 2011 20
Slide 13: Investments in sustainable infrastructure
1 INVESTMENTS IN SUSTAINABLE INFRASTRUCTURE CAPEX (EUR m) 161 CAPEX Q1-3 2022 153 - Maintenance CAPEX of EUR 42.9m 139 143 - Growth CAPEX of EUR 56.6m ~80 Growth CAPEX CAPEX forecast 2022e - Expected total of about EUR 180m Reduced CAPEX requirements - Assuming availability of vehicles and construct
Slide 14: Expansion of Austrian logistics infrastructure
1 EXPANSION OF AUSTRIAN LOGISTICS INFRASTRUCTURE 2018 2019 2020 2021 2022 2023 Sorting capacity LC Vienna LC Styria (parcels/h, cumulative) LC Upper Austria 140,000 131,000 LC Lower Austria LC Vorarlberg LC Tyrol 106,000 LC Salzburg 93,000 LC Styria 78,000 LC Lower Austria LC Lower Austria LC Upper
Slide 15: Staff structure in Austria
1 STAFF STRUCTURE IN AUSTRIA Employees in the Austrian core business FTEs (average for the period) 21,926 21,003 490 20,218 20,064 -306 19,417 1,891 18,790 18,233 2,490 17,692 17,463 17,644 17,444 17,698 17,907 17,602 3,350 3,858 9,397 4,374 4,775 7,883 5,127 7,247 5,881 7,095 6,788 8,041 9,058 9,71
Slide 16: Profitable growth in nearby markets
2 PROFITABLE GROWTH IN NEARBY MARKETS Turkey CEE/SEE Focus on parcel business in Revenue Southeast and Eastern Europe and (EUR m) Turkey Q1-3 Q1-3 Germany 178,6 124,9 Parcel markets Slovakia (millions of parcels) 161 Hungary 141 138 Slovenia Serbia Croatia Bulgaria Bosnia and 37 41 Herzegovina 31 Mo
Slide 17: bank99: integration leads to solid foundation
3 BANK99: INTEGRATION LEADS TO SOLID FOUNDATION Positive momentum from improved interest rate environment bank99 balance sheet total 30.09.2021 30.09.2022 as at 30.09.2022 Complementary strengths EUR bn in the product structure Retail & digital bank 3.2 3.2 Customers Current 80,000 255,000 accounts
Slide 18: Self-service zones: further increase in usage
3 SELF-SERVICE ZONES: FURTHER INCREASE IN USAGE 64,481 pick-up boxes 103,066 compartments in pick-up 521 shipping stations Q1-3 2022: >3.7m items stations Q1-3 2022: >7.3m items Q1-3 2022: >4.6m items June 2012 September 2022 November 2013 September 2022 January 2012 September 2022 Number of self-se
Slide 19: Agenda
AGENDA 1. Highlights and Overview 2. Strategy Implementation 3. Group Results Q1-3 2022 4. Outlook 2022 and 2023 INVESTOR PRESENTATION Investor Relations Vienna, 11 November 2022 19
Slide 20: Financial indicators at a glance
FINANCIAL INDICATORS AT A GLANCE Q1-3 2021 Q1-3 2022 1 Revenue (EUR m) 1,834.2 1,815.9 Revenue down by 1.0% from the prior-year level EBITDA margin (%) 14.5 14.2 Solid EBITDA margin of 14.2% EBIT margin impacted by developments in the Turkish EBIT margin (%) 7.9 6.9 business Earnings/share (EUR) 1.5
Slide 21: Key income statement indicators
KEY INCOME STATEMENT INDICATORS EUR m Q1–3 20211 Q1–3 2022 % ∆ Q3 20211 Q3 2022 Revenue 1,834.2 1,815.9 -1.0% -18.3 571.6 604.1 Positive revenue development in all divisions: Other operating income 59.3 78.9 33.0% 19.6 16.2 19.7 Mail +0.8%, Raw materials, consumables and Parcel & Logistics +5.6%, -5
Slide 22: Mail division: Q1-3 2022 revenue development
MAIL DIVISION: Q1-3 2022 REVENUE DEVELOPMENT Letter Mail & Business Solutions (EUR m) Direct Mail/Media Post (EUR m) – Positive Q1-3 special effects on letter mail volumes – Advertising market under cost pressure (higher energy (-4% excl./±0% incl. special effects) and paper costs) – International L
Slide 23: Mail division: key income statement indicators
MAIL DIVISION: KEY INCOME STATEMENT INDICATORS EUR m Q1–3 2021 Q1–3 2022 % ∆ 0 Q3 2022 Sound volume and revenue development for Austrian Revenue 893.4 886.9 -0.7% -6.5 285.2 287.4 Letter Mail thanks to special • Letter Mail & Business Solutions 570.0 557.5 -2.2% -12.5 178.0 182.2 mailings, decline i
Slide 24: Parcel & Logistics division: Q1-3 2022 revenue development
PARCEL & LOGISTICS DIVISION: Q1-3 2022 REVENUE DEVELOPMENT Revenue development Parcel & Logistics Division: -4.5% EUR m Q3 positive in all regions Q1-3 impacted by decline in Turkey -4.5% (+1.2% excl. Parcel Turkey) Parcel Austria: +1.3% (EUR +6.8m) – Strong parcel business in Q3: +8.6% 905.6 865.3
Slide 25: Parcel & Logistics division: key income statement indicators
PARCEL & LOGISTICS DIVISION: KEY INCOME STATEMENT INDICATORS EUR m Q1–3 20211 Q1–3 2022 % ∆ Q3 20211 Q3 2022 Revenue 905.6 865.3 -4.5% -40.4 277.6 293.2 Positive development in • Parcel Austria 505.9 512.7 1.3% 6.8 155.6 169.0 Austria • Parcel Turkey 226.8 178.6 -21.3% -48.2 66.1 70.4 Revenue advers
Slide 26: Retail & Bank division: Q1-3 2022 revenue development
RETAIL & BANK DIVISION: Q1-3 2022 REVENUE DEVELOPMENT Revenue development Retail & Bank Division: +62.2% EUR m Positive revenue development after acquisition of the ING +62.2% retail business at the end of 2021 85.2 Income from Financial Services: EUR +33.8m – Customer ramp-up and acquisition of the
Slide 27: Retail & Bank division: key income statement indicators
RETAIL & BANK DIVISION: KEY INCOME STATEMENT INDICATORS EUR m Q1–3 20211 Q1–3 2022 % ∆ Q3 20211 Q3 2022 Revenue 52.5 85.2 62.2% 32.7 16.2 31.0 Growth due to acquisition of the ING retail business • Branch Services 29.9 28.7 -3.9% -1.2 8.4 10.0 • Income from Financial Services 22.6 56.4 >100% 33.8 7.
Slide 28: Solid balance sheet and financing structure
SOLID BALANCE SHEET AND FINANCING STRUCTURE EUR m EQUITY & 5,291.8 5,291.8 ASSETS 115.6 EUR 116m liquid financial LIABILITIES Financial liabilities of Cash, money 93.1 resources EUR 165m and lease market/securities 4,792.6 4,792.6 563.9 liabilities of EUR 399m investments 117.2 Other financial (IFRS
Slide 29: Operating free cash flow at a solid level
OPERATING FREE CASH FLOW AT A SOLID LEVEL EUR m Operating free cash flow Free cash flow before money markets and of EUR 148m securities investments of EUR 93m 194.8 147.6 -42.9 -4.3 +2.3 93.4 -56.6 Cash flow from operating Maintenance Other Operating Growth Acquisitions/ Free cash flow before activi
Slide 30: Agenda
AGENDA 1. Highlights and Overview 2. Strategy Implementation 3. Group Results Q1-3 2022 4. Outlook 2022 and 2023 INVESTOR PRESENTATION Investor Relations Vienna, 11 November 2022 30
Slide 31: Outlook 2022 and 2023
OUTLOOK 2022 AND 2023 Market environment 2022 – Inflation remains a long-term challenge – Economic downturn is expected Revenue 2022 – Revenue at the prior-year level (2021 revenue: EUR 2.5bn) – Stable revenue in Mail, decline in Parcel & Logistics, increase in Retail & Bank Investments 2022 – Inves
Slide 32: Contact
CONTACT Austrian Post Financial calendar 2023 Investor Relations 15 March 2023 Annual Report 2022 Rochusplatz 1, 1030 Vienna 20 April 2023 Annual General Meeting Website: post.at/ir 02 May/04 May 2023 Ex-day/Dividend payment day E-mail: investor@post.at 12 May 2023 Interim Report Q1 2023 Phone: +43