Ctt - Correios De Portugal Sa · EURONEXT:CTT
Ctt - Correios De Portugal Sa — CTT - Correios de Portugal — Non-Deal Roadshow (June 2024)
20 slides from Ctt - Correios De Portugal Sa's roadshow presentation, June 2024
Slide 1: Spring Roadshow June 2024
E ° fe 4) 3 © ° ~ ing Spr June 2024
Slide 2: Disclaimer
Disclaimer DISCLAIMER This documenthas been prepared by CTT ~ Correios de Portugal, S.A. (the "Company" or "CTT") exclusively for use during 1924 roadshow investor meetings. As a consequence thereof, this document may notbe disclosed or published, nor used by any other person or entity, for any othe
Slide 3: Equity story in brief
Equity story in brief
Slide 4: Strategy by business unit
Our positioning: a company in transformation, exposed to sustained growth Strategy review Leveraging strategic assets… … as a highly synergic platform • brand • shared by bank, FS, mail parcels • sales force universal access to B2B • Mail workforce delivering E&P • last-mile distribution network • I
Slide 5: E&P is increasingly contributing to topline and margin
E&P is increasingly contributing to topline and margin Strategy review 101 74 72 53 38 2019 2020 2021 2022 2023 Successful transformation with growth
Slide 6: CTT is transforming itself in a leading e-commerce logistics player in Iberia
CTT is transforming itself in a leading e-commerce logistics player in Iberia 2023 Review Iberia is the 4th largest e-commerce CTT is the fastest growing player in Iberia market in Europe1 € billion 100% D+1 full geographical coverage >100M in Iberia 50% items per year (FY23) Spanish customers choos
Slide 7: Given low penetration, Iberian e-commerce market has significant potential
Given low penetration, Iberian e-commerce market has significant potential 2013 Review Portugal Romania Slovenia average of Italy top 5 excluding France +11% outliers +13% -9% Greece China and +39% +4% Spain South Korea +7% +16% Lithuania Poland +12% Germany Czech Republic Belgium Ireland Denmark Ne
Slide 8: High quality and added services are paramount for attracting new customers in Spain
High quality and added services are paramount for attracting new customers in Spain High quality and efficiency • +57.4% +17.9% y.o.y in y.o.y in FY23 FY23 Adding new services • • • Onboarding of relevant new customers & increasing volumes from existing customers • • >7% market share2 (up from ~4% i
Slide 9: CTT is a growth company driven by rising e-commerce trend
CTT is a growth company driven by rising e-commerce trend 985 88 +7.5% +34% +7.4% 30 66 188 +33% 29 51 740 85 15 43 15 2019 Mail & Financial Banco CTT E&P 2023 2019 Mail & Financial Banco CTT E&P 2023 Other Services Other Services
Slide 10: Steady growth towards medium-term targets
Steady growth towards medium-term targets Banco CTT
Slide 11: Strong start of 2024 with better client engagement
Strong start of 2024 with better client engagement Banco CTT 1Retail Deposits, consolidated accounts; 2Net of impairments; 3Consolidated contribution; 4Cumulative
Slide 12: Delivering strong growth
Delivering strong growth 1”Banco CTT” reporting unit includes Payshop and other CTT payments; 2Excluding Specific items, depreciation & amortisation; 3Excluding Specific items
Slide 13: Solid balance sheet with ample flexibility
Solid balance sheet with ample flexibility 1Provisional, includes 1Q24 net income. CET1: Common Equity Tier 1. TCR: Total Capital Ratio. In the case of Banco CTT both ratios, as at the end of FY23 and 1Q24, were the same; 2Fully implemented 3CET1 requirements of 4,50% Pillar 1 + 1,69% Pillar 2 + 2,5
Slide 14: Portfolio transformed to embrace growth, with increasing e-commerce exposure
Portfolio transformed to embrace growth, with increasing e-commerce exposure +2% Banco CTT E&P E&P Mail & Other FS&R 150 15%
Slide 15: Prudent gearing and high balance sheet flexibility enable significant expansion buffer
Prudent gearing and high balance sheet flexibility enable significant expansion buffer EBITDA Net Debt Net Debt/EBITDA 1Includes Payshop, which was previously part of Banco CTT
Slide 16: Capital allocation priorities
Capital allocation priorities Outook 2024-25 ✓ ✓ ✓ ✓ 1For detailed information on CTT’s Financial Policy, including its shareholder’s remuneration principles, please refer to CTT’s investor relations website and to the announcement disclosed on 23 June 2022; 2Yield calculated taking as a reference t
Slide 17: To support our growth, we will continue to invest in our business
To support our growth, we will continue to invest in our business Outlook 2024-25 Key areas of investment sorting capacity Investing in IT quality of service Revamp hubs upgrade core digital channels 1Transformational includes Express & Parcels, Financial Services & Retail, Banco CTT and Business So
Slide 18: Continued growth in 2024, follows a beat of the twice upgraded 2023 guidance
Continued growth in 2024, follows a beat of the twice upgraded 2023 guidance Growing revenues and EBIT towards the CMD 2025 ambition 12-year CAGR
Slide 19: Key Messages
Key Messages • • • • • • • • • • • • • •
Slide 20: Investor Relations
Investor Relations Phone: +351 210 471 087 E-mail: investors@ctt.pt ctt.pt
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