This document has been prepared by CTT - Correios de Portugal, S.A. (the "Company" or "CTT") exclusively for use during the presentation of the 9M21 results. As a consequence thereof, this document may not be disclosed or published, nor used by any other person or entity, for any other reason or purpose without the express and prior written consent of CTT. This document (i) may contain summarised information and be subject to amendments and supplements, and (ii) the information contained herein has not been verified, reviewed nor audited by any of the Company's advisors or auditors.
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This presentation contains forward-looking statements. All the statements herein which are not historical facts, including, but not limited to, statements expressing our current opinion or, as applicable, those of our directors regarding the financial performance, the business strategy, the management plans and objectives concerning future operations and investments are forward-looking statements. Statements that include the words "expects", "estimates", "foresees", "predicts", "intends", "plans", "believes", "anticipates", "will", "targets", "may", "would", "could", "continues" and similar statements of a future or forward-looking nature identify forward-looking statements.
All forward-looking statements included herein involve known and unknown risks and uncertainties. Accordingly, there are or will be important factors that could cause our actual results, performance or achievements to differ materially from those indicated in these statements. Any forward-looking statements in this document reflect our current views concerning future events and are subject to these and other risks, uncertainties and assumptions relating to the results of our operations, growth strategy and liquidity, and the wider environment (specifically, market developments, investment opportunities and regulatory conditions).
Although CTT believes that the assumptions beyond such forward-looking statements are reasonable when made, any third parties are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of CTT, what could cause the models, objectives, plans, estimates and / or projections to be materially reviewed and / or actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements.
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All forward-looking statements included herein speak only as at the date of this presentation. Except as required by applicable law, CTT does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Committed to deliver
Key Balance sheet details
30 September 2021 Balance sheet
€ million; % change vs. 31 Dec 2020
Cash & cash
Fixed tangible assets
(+) Rights of use (leases)
(+) Other fixed tangible assets
(=) Fixed tangible assets
Rights of use declined €2.4m vs. Dec-20(-2.4%)
Net employee benefits
(+) Employee benefits 1
(-) Employee benefits tax credit
(=) Net employee benefits
1Of which €270mrelated to healthcare
(ST & LT)
Banco CTT financial
Banco CTT deposits &
assets & credit
other fin. liabilities
Equity & Liabilities
1 More detail in slide 27 of results presentation
(+) Adjusted cash Banco CTT
(+) Adjusted cash CTT
(=) Adjusted cash
IV Financial debt
(+) Bank loans
(+) Lease liabilities
(=) Financial debt
Growth in parcels in Portugal and Spain drives revenues and profitability growth
EBITDA 1, 2
Recurring EBIT 2
Consolidated view; € million; % change vs. prior year
CTT – Correios de Portugal SA published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 20:05:36 UTC.