CTT Correios de Portugal S A : Results Presentation – 9 months 2023 (Appendix)

9M23 appendix

Appendix

Solid and low levered balance sheet with a consolidated net cash position

Continued growth in E&P

Softer volumes offsetting price increase

Both regulated and competitive mail with lighter volumes

Strict ceilings on debt placements are restricting placement until year end

Delivering strong growth

Balance sheet mix benefiting from higher interest rates