CTT Correios de Portugal S A : Results presentation (Appendix) - 1st quarter 2024
May 02, 2024 at 01:37 pm EDT
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2 May 2024
Solid and low levered balance sheet with a consolidated net cash position
1Corresponding to stock option remuneration plan;
2Proforma due to Payshop transaction
Solid growth in Express & Parcels
1Excluding Specific items, depreciation & amortisation;
2Individual Accounts;
3Excluding Specific items
Expansion of regulated mail on the back of elections
Price increases will develop positively throughout the year
¹Includes bulk and advertising mail; ²-1.5% y.o.y ³LfL excluding elections impact in 1Q24
Price increases and more favourable mix compensating softer volumes
1Excluding Specific items, depreciation & amortisation;
2Excluding Specific items
Strict ceilings on debt placements are restricting demand
1Excluding Specific items, depreciation & amortisation;
2Excluding Specific items
Delivering strong growth
1"Banco CTT" reporting unit includes Payshop and other CTT payments; 2Excluding Specific items, depreciation & amortisation;
3Excluding Specific items
Balance sheet growth momentum driven by customer deposits
1Includes 322.5 million € of debt securities/securitisation; 2Includes 190.3 million € of average tangible equity; 3Excludes deposits from intragroup companies; 4Cumulative, consolidated
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CTT-Correios de Portugal, S.A. is the Portuguese leader in postal services provision. Net sales break down by activity as follows:
- mail collection and delivery (50.4%): letters, postcards, ads, advertising documents, newspapers, etc.;
- express and parcels transportation and delivery services (40.2%): activity ensured in Portugal, Spain and Mozambique;
- sale of financial products and services (7.2%): public debt certificates, postal saving products, insurance and postal money orders;
- banking and payment services (2.2%): savings accounts, consumer credit (auto loans and credit cards), mortgage loans, off-balance sheet savings. The group also provides payment solutions (Payshop) allowing paying for purchases through the Internet and via certified agents (kiosks, tobacconists, supermarkets, etc.).
Portugal accounts for 69% of net sales.
CTT-CORREIOS DE PORTUGAL, S.A. 
