Singapore Post Ltd. · SGX:S08

Singapore Post — Q1 FY2009/10 Earnings Presentation

17 slides from Singapore Post's earnings presentation, Jul 30, 2009

1. Slide 1: Q1 FY2009/10 Results

   Q1 FY2009/10 Results Financial year ending 31 March 2010 30 July 2009 Singapore Post Limited (Reg. No. 199201623M)

2. Slide 2: Forward-looking Statements – Important Note

   Forward-looking Statements – Important Note The following presentation contains forward looking statements by the management of Singapore Post Limited ("SingPost"), relating to financial trends Contents for future periods, compared to the results for previous periods. Some of the statements containe

3. Slide 3: Q1 FY2009/10 Results – Highlights

   Overview Q1 FY2009/10 Results – Highlights First time consolidation of G3 Worldwide Aspac Revenue Weak operating performance across all segments 0.7% due to poor economy Operating Higher expenses; mostly attributable to consolidation 5.5% expenses of G3 Worldwide Aspac Underlying 5.2% Excluding bene

4. Slide 4: Positioning Group for growth

   Overview Positioning Group for growth • Managing costs and capacity in economic downturn • Strengthening and building network and businesses for future growth • Extending core competencies • Expanding into the region and new markets Strategic investment in company focused on postal innovation and te

5. Slide 5: Group Results – Revenue Breakdown

   Group Results – Revenue Breakdown Q1 FY2009/10 Revenue Breakdown Q1 FY2008/09 Revenue Breakdown (including G3 Worldwide Aspac) Retail Retail Logistics 9.7% Logistics 8.3% 13.8% 24.1% Mail Mail 67.6% 76.5% Mail Logistics Retail Mail Logistics Retail 5

6. Slide 6: Group Results – Revenue Breakdown

   Group Results – Revenue Breakdown Q1 FY2009/10 Revenue Breakdown Q1 FY2008/09 Revenue Breakdown (including G3 Worldwide Aspac) Overseas Overseas 0.4% 8.2% Local Local 99.6% 91.8% Overseas Local Overseas Local 6

7. Slide 7: Group Results – Q1 FY2009/10 P&L

   Group Results – Q1 FY2009/10 P&L $M Q1 FY08/09 Q1 FY09/10 Change % change Revenue 120.9 121.8 +0.9 +0.7% Other income 8.4 10.8 +2.5 +29.6% Operating expenses 80.3 84.7 +4.5 +5.5% Operating profit 49.0 47.9 (1.1) (2.2%) Share of assoc & JVs 1.0 1.4 +0.3 +30.8% Net finance costs 1.7 1.9 +0.2 +11.3% Pr

8. Slide 8: Operating Expenses Breakdown

   Operating Expenses Breakdown Q1 Q1 $M Chg % chg FY08/09 FY09/10 • Increase mainly attributed to consolidation of G3 Worldwide Aspac Op. Expenses 80.3 84.7 +4.5 +5.5% 2.5% 1.5% 32.8 33.6 29.6 29.2 27.5% 14.7% 14.4 11.3 6.6 7.5 $M Labour and related Volume-related Selling & Admin Depreciation expenses

9. Slide 9: Segment Results / Financial Position

   Segment Results • Mail • Logistics • Retail Financial Position • Balance Sheet Highlights, Financial Indicators • Cash Flow Highlights, Dividends

10. Slide 10: Mail – Q1 FY2009/10 Results

    Mail – Q1 FY2009/10 Results Mail Revenue $M 92.6 7.2% 85.9 Mail Revenue Breakdown $M 6.0% 57.6 Q1 FY08/09 Q1 FY09/10 54.1 11.7% Mail Operating Profit $M 29.7 26.2 0.9% 19.6% 14.8% 37.5 1.1 1.3 4.2 4.2 32.0 Domestic International Hybrid Mail Philatelic Mail Mail Q1 FY08/09 Q1 FY09/10 Q1 FY08/09 Q1 FY

11. Slide 11: Logistics – Q1 FY2009/10 Results

    Logistics – Q1 FY2009/10 Results Logistics Revenue $M 34.4 90.7% 18.1 Logistics Revenue Breakdown $M Q1 FY08/09 Q1 FY09/10 9.2% 17.5 14.0 Logistics Operating Profit 12.7 $M 3.8% 4.0 4.2 14.1% 2.5 2.8 G3 Worldwide Speedpost WFD* & Aspac Others Q1 FY08/09 Q1 FY09/10 Q1 FY08/09 Q1 FY09/10 * Warehousing

12. Slide 12: Retail – Q1 FY2009/10 Results

    Retail – Q1 FY2009/10 Results Retail Revenue $M 16.5 0.3% 16.5 Retail Revenue Breakdown $M Q1 FY08/09 Q1 FY09/10 5.7% 6.8% 1.8% 6.4 Retail Operating Profit 5.7 6.1 5.3 $M 4.8 4.8 5.2% 3.2 3.0 Retail - Agency, Financial Services Inter-segment Products & Others Q1 FY08/09 Q1 FY09/10 Q1 FY08/09 Q1 FY09

13. Slide 13: Financial Position

    Financial Position Balance Sheet Highlights Financial Indicators S$M 31 Mar 09 30 Jun 09 Net debt $116.9M Current assets 299.5 271.6 Net gearing 0.5x Non-current assets 470.7 599.3 EBITDA to interest expenses 28.7x Total assets 770.2 870.9 Current liabilities 194.4 273.6 Non-current liabilities 319.

14. Slide 14: Financial Position – Cashflow Highlights

    Financial Position Cashflow Highlights Net Cashflow from Operating Activities $M Q1 FY08/09 Q1 FY09/10 160.8 173.7 170.3 Net cash from 51.8 67.7 operating activities 67.7 51.8 Net cash used in (2.1) (18.5) investing activities FY06/07 FY07/08 FY08/09 Q1 Q1 FY08/09 FY09/10 Net cash used in (3.4) (3.9

15. Slide 15: Summary

    Summary © Singapore Post Limited. All rights reserved

16. Slide 16: Summary

    Summary Q1 FY2009/10 results • First time consolidation of G3 Worldwide Aspac • Continued impact of weak economy • Healthy cash flows and financial position Positioning SingPost for growth • Managing costs and capacity in economic downturn • Strengthening and building network and businesses for futu

17. Slide 17: (@) Singapore Post Limited. All rights reserved.

    (@) Singapore Post Limited. All rights reserved.

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