Singapore Post Ltd. · SGX:S08
Singapore Post — Q1 FY2011/12 Earnings Presentation
12 slides from Singapore Post's earnings presentation, Jul 27, 2011
Slide 1: Q1 FY2011/12 Results
Q1 FY2011/12 Results Financial year ending 31 March 2012 27 July 2011 Singapore Post Limited (Reg. No. 199201623M)
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 for future periods, compared to the results for previous periods. Contents Some of the statements containe
Slide 3: Results highlights
Results highlights Q1 FY2011/12: steady performance Revenue breakdown by segments $142.3M $97.2M Revenue Mail Ï 1.6% Ï 3.0% $37.4M $51.2M Underlying net profit Logistics Ï 0.3% Ï 10.7% 1.25 ¢ $16.6M Q1 interim dividend per share Retail Ï 1.5% 3
Slide 4: Developments & outlook
Developments & outlook Protecting the core, growing the wings • Challenging operating environment • Protecting and growing core business • Expanding and strengthening regional network • Investing in future growth and long term value creation 4
Slide 5: Group results: Q1 FY2011/12 P&L highlights
Group results: Q1 FY2011/12 P&L highlights Steady performance in Q1 FY2011/12 Q1 Q1 % $M FY10/11 FY11/12 change Revenue 138.2 142.3 +3.0% Growth in all business segments Higher rental income offset decline in Other income 13.8 14.0 +0.8% amortisation of deferred gain on IPR** Operating expenses 99.5
Slide 6: Group results: Q1 FY2011/12 expenses
Group results: Q1 FY2011/12 expenses Expenses growth led by labour & related, admin & other expenses Admin & Dep Selling others 6.7% 1.7% Labour & $106.2M 14.4% related Operating expenses 41.6% Ï 6.7% Volume related 35.6% Administrative and $15.3M other expenses Ï 8.5% Labour & related $44.2M expens
Slide 7: Group results: Q1 FY11/12 revenue breakdown
Group results: Q1 FY11/12 revenue breakdown Revenue breakdown by Revenue breakdown by business segments geographic distribution Overseas Logistics Retail 11.9% 27.9% 6.9% Mail 65.2% Local 88.1% 7
Slide 8: Segment results: Mail Q1 FY2011/12
Segment results: Mail Q1 FY2011/12 Steady performance in Mail business Revenue $97.2M Operating profit $36.2M Ï 1.6% unchanged Revenue breakdown: domestic mail growth offset decline in int’l mail and hybrid mail $61.1M Hybrid mail $4.7M Domestic mail Ï 3.7% Ð 2.6% International $30.3M Philatelic $1.
Slide 9: Segment results: Logistics Q1 FY2011/12
Segment results: Logistics Q1 FY2011/12 Continued revenue growth; lower profitability from transhipment $51.2M Operating profit $2.0M Revenue Ï 10.7% Ð 17.6% Revenue breakdown: improvements in Quantium Solutions, Speedpost, vPOST $13.3M Speedpost Ï 5.2% Quantium $32.5M Solutions Ï 16.5% Others* $5.4
Slide 10: Segment results: Retail Q1 FY2011/12
Segment results: Retail Q1 FY2011/12 Steady Retail revenue; start-up expenses with online luxury retail store $16.6M $2.1M Revenue Operating profit Ð 11.1% Ï 1.5% Revenue breakdown: higher retail product revenue; lower financial services revenue following sale of SpeedCash Retail – agency, $4.7M pro
Slide 11: Financial position, cash flows, dividend
Financial position, cash flows, dividend Healthy cash flows Strong financial position Q1 Q1 @ 31 Mar @ 30 Jun FY10/11 FY11/12 2011 2011 Net cash from operating 29.1 37.7 Borrowings $503.0M $504.7M activities Net cash used in (39.3) (24.4) Net debt $164.3M $159.3M investing activities Net cash used i
Slide 12: The complete set of financial statements is available on SGXNET and our website at
The complete set of financial statements is available on SGXNET and our website at www.singpost.com.