DHL GROUP Q3 2022 RESULTS
MELANIE KREIS, GROUP CFO MANAGEMENT ROADSHOW
Frankfurt, 10 NOVEMBER 2022
Management Roadshow | Melanie Kreis, Group CFO | 10 NOVEMBER 2022 | 1 |
Executive Summary
Q3 2022
Group EBIT up +15% yoy, +5% yoy excl. 2021 COVID-19 bonus
B2C yoy comparison improved vs. H1; slowing macro environment becoming visible
Reported Free Cash Flow of €1.8bn, up +45% yoy
Strong EBIT performance translating into strong cash generation
Going forward
2022 EBIT and Free Cash Flow guidance increased
Based on strong 9M 2022 performance in Group portfolio
Executing on established levers to counter macro slowdown
Full focus on flexibly managing external uncertainties
Management Roadshow | Melanie Kreis, Group CFO | 10 NOVEMBER 2022 | 3 |
Post lockdown normalization is nearing completion for B2C / e-commerce
B2CyoycomparisonsignificantlyimprovedinQ3 Highere-commercebaselevelvs.preCOVID-19
YoY growth | Rolling four quarters, indexed |
Express B2C Shipments/Day | DeCS B2C Europe Volumes | Parcel Germany Volumes | ||||||
10% | +51% | |||||||
Express B2C | ||||||||
Shipments/Day | ||||||||
0% | +46% | |||||||
DeCS B2C Europe | ||||||||
Volumes | ||||||||
-10% | ||||||||
+19% | ||||||||
Parcel Germany | ||||||||
-20%Q3 | Volumes | |||||||
Q4 | Q1 | Q2 | Q3 | Q4 | Q4 | Q4 | Q3 | |
2021 | 2021 | 2022 | 2022 | 20222019 | 2020 | 2021 | 2022 |
Management Roadshow | Melanie Kreis, Group CFO | 10 NOVEMBER 2022 | 4 |
B2B volume development reflecting gradually slowing macro environment
Expectedfreightmarketrebalancingstarted
All figures refer to Q3 2022 | ||
Air Freight volumes | Ocean Freight volumes | |
-11% | -9% excl. Hillebrand | |
yoy | yoy | |
+3% | -15% excl. Hillebrand | |
vs. Q3 2019 | vs. Q3 2019 |
Q3 DGF EBIT/GP conversion rate remained strong at 42%, reflecting still high freight rates and improved internal processes
Strong focus on productivity in normalizing markets. Sustainably stronger EBIT/GP conversion rate supported
by higher efficiencies from new IT system
ResilientQ3performancebyDHLExpress
B2B shipments/day B2B weight/day
-1% | +1% |
yoy | yoy |
-4% | +25% |
vs. Q3 2019 | vs. Q3 2019 |
Strong Q3 EBIT as network adapted timely to slowing shipment/day dynamic reflecting gradually weakening general economic environment
Virtual airline model ensures high network flexibility. Q4 network planning aims to balance expected B2C peak season uplift with softer B2B outlook
Management Roadshow | Melanie Kreis, Group CFO | 10 NOVEMBER 2022 | 5 |
Executing on established levers to proactively manage macro slowdown
Disciplinedyieldmanagement
General Price Increase
DHL Express (7.9% for 2023), DeCS, Parcel Germany
Surcharges
Established mechanisms in DHL divisions; new energy & peak season surcharge in Parcel Germany
Fullfocus on costmanagement
Cost management
Well-known levers executed where required
Network flexibility
Constantly adapting to volume expectations
Management Roadshow | Melanie Kreis, Group CFO | 10 NOVEMBER 2022 | 6 |
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Deutsche Post AG published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2022 13:33:01 UTC.
