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    DPW   DE0005552004

DEUTSCHE POST AG

(DPW)
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Deutsche Post : PDF (0.37 MB)

10/08/2021 | 03:42am EST

PRELIMINARY

Q3 2021 EARNINGS RELEASE

Deutsche Post DHL Group Investor Relations

October 7th, 2021

Q3 2021: Preliminary Divisional EBIT and main drivers

EBIT in €m

Q3 2020

Q3 2021

yoy

yoy in %

Management comments

EBIT

Prelim. EBIT

Group

1,377

~1,765

~+388

~+28%

Continued strong development in line with base assumptions: broad-based

B2B recovery; B2C maintaining high previous-year levels

t/o DHL Express

753

~970

~+217

~+29%

Unchanged high network utilization driven by weight growth; higher portion

of B2B shipments as B2C volumes plateau on high level, as expected

t/o DGFF

155

~370

~+215

~+139%

Sustained volume recovery against still constrained/disrupted capacity.

Strong conversion reflects higher rates but also ramp-up of efficiency gains

t/o DSC

112

~140

~+28

~+25%

E-commerce and B2B activities drive continued business growth, reflecting

digitalization of customer supply chains

t/o DeCS

76

~90

~+14

~+18%

Despite strong 2020 base, revenue holding above last year's level, reflecting

acceleration of structural B2C trend

t/o P&P Germany

320

~300

~-20

~-6%

Parcel growth normalizing as expected. Q3 parcel volumes still above high

2020 levels, mail supported by elections, balanced by planned cost phasing

t/o Group Functions

(39)

(105)

~-66

~-169%

Development in line with €-400mfull-year expectation

Q3 2021 Preliminary Free Cash Flow: >€1.0bn (Q3 2020: €1.264bn); 9M FCF >3.1bn (9M 2020: €1.460bn)

Note: Q3 21 EBIT includes Covid bonus €179m (Q3 20: €163m), o.w. EXP €38m (€33m), DGFF €14m (€13m), DSC €56m (€52m), DeCS €12m (€10m), P&P €54m (€51m)

Q3 2021 PRELIMINARY RESULTS | DEUTSCHE POST DHL GROUP | 7 OCTOBER 2021

2

Driven by the strong performance in DHL, guidance to be revised upwards with regular Q3 reporting (Nov 4th)

in € bn

EBIT

2021 Guidance

Group

>7.0

TO BE REVISED

DHL

5.7-5.8

TO BE REVISED

P&P Germany

1.7-1.8

Group Functions

~-0.4

Free Cash Flow

>3.2

TO BE REVISED

Gross Capex

(excl. leases)

~3.9

Mid-term Guidance

2023 Group EBIT>7.4 TO BE REVISED

Free Cash Flow

~9

TO BE REVISED

2021-2023 cumulative

Gross Capex (excl. leases)

~11

2021-2023 cumulative

Tax Rate

~28%

Note:

  • 2021 guidance includes extraordinary effect of one-time corona bonus (Q3 21: €-179m)
    Base assumptions:
  • B2C growth normalizing in the course of 2021
  • Continued and gradual B2B recovery globally

Q3 2021 PRELIMINARY RESULTS | DEUTSCHE POST DHL GROUP | 7 OCTOBER 2021

3

Disclaimer

This presentation contains certain statements that are neither reported results nor other historical information. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Deutsche Post AG's ability to control or estimate precisely, such as future market and economic conditions, the behavior of other market participants, the ability to successfully integrate acquired businesses and achieve anticipated synergies and the actions of government regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this presentation. Deutsche Post AG does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation.

This presentation does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any security, nor shall there be any sale, issuance or transfer of the securities referred to in this presentation in any jurisdiction in contravention of applicable law.

Copies of this presentation and any documentation relating to the Offer are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in or into or from Australia, Canada or Japan or any other jurisdiction where to do so would be unlawful.

This document represents the Company's judgment as of date of this presentation.

Q3 2021 PRELIMINARY RESULTS | DEUTSCHE POST DHL GROUP | 7 OCTOBER 2021

4

Disclaimer

Deutsche Post AG published this content on 07 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2021 07:41:01 UTC.


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Sales 2021 78 437 M 88 736 M 88 736 M
Net income 2021 4 955 M 5 605 M 5 605 M
Net Debt 2021 14 129 M 15 985 M 15 985 M
P/E ratio 2021 13,1x
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EV / Sales 2021 0,99x
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Nbr of Employees 580 612
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Last Close Price 51,98 €
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Spread / Average Target 29,5%
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