Deutsche Post : Preliminary Q2 Results 2021, 7 July 2021

PRELIMINARY Q2 2021

EARNINGS

RELEASE

DEUTSCHE POST DHL GROUP INVESTOR RELATIONS | 7 JULY 2021

Q2 2021: Preliminary Divisional EBIT and main drivers

EBIT in €m	Q2 2020	Q2 2021	yoy	yoy in %	Management comments
EBIT	Prelim. EBIT
Group	912	~2,075	~1,163	+128%	Diversified Group portfolio continues to deliver strong performance -
ongoing elevated e-commerce volumes coupled to B2B recovery
t/o DHL Express	565	~1,170	~605	+107%	Continued strong growth in leading global TDI network, driven by
growth in B2C and B2B
t/o DGFF	190	~315	~125	+66%	Ongoing volume recovery in tight markets keeps GP margins at high
levels; GP/EBIT conversion furthermore supported by internal measures
t/o DSC	33	~195	~162	+491%	B2B recovery and continued expansion of e-fulfillment activities drive
strong growth vs. Q2 2020 trough levels (Q2 20: €-62m asset
					impairments)
t/o DeCS	1	~115	~114	+11400%	Continued strong B2C volumes across all networks, overall above
previous year's elevated levels (Q2 20: €-30m asset impairments)
t/o P&P Germany	264	~315	~51	+19%	Continued strong B2C volumes in Parcel Germany, still above Q2 2020
level; mail volumes continue to recover, mainly driven by DM
t/o Group Functions	-141	~ -35	~106	+75%	Includes positive effect of around €+40m in the context of the group's
minority stake in Global-e (Q2 20: €-7m asset impairments)

Q2 2021 Preliminary Free Cash Flow: >€800m (up >€200m yoy)

Q2 2021 PRELIMINARY RESULTS | DEUTSCHE POST DHL GROUP | 7 JULY 2021

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Guidance 2021 & 2023 increased

in € bn

EBIT	2021 Guidance
Group	>7.0 (from >6.7)
DHL	5.7-5.8 (from >5.4)
P&P Germany	1.7-1.8 (from ~1.7)
Group Functions	~-0.4
Free Cash Flow	>3.2 (from >3.0)
Gross Capex	~3.9 (from ~3.8)
(excl. leases)
Tax Rate	~28% (from 26-28%)

Base assumptions:

• B2C growth normalizing in the course of 2021
• Continued and gradual B2B recovery globally

	Mid-term Guidance
2023 Group EBIT	>7.4 (from >7)
Free Cash Flow	~9
2021-2023 cumulative
Gross Capex (excl. leases)	~11
2021-2023 cumulative

Note:

• 2021 guidance includes extraordinary effect of ~€-0.2bn for one-time corona bonus

Q2 2021 PRELIMINARY RESULTS | DEUTSCHE POST DHL GROUP | 7 JULY 2021

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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.

Q2 2021 PRELIMINARY RESULTS | DEUTSCHE POST DHL GROUP | 7 JULY 2021

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