Poste Italiane S p A : Q3/9M-22 PRELIMINARY RESTATED FINANCIAL RESULTS UNDER IFRS 17

POSTE ITALIANE

Q3/9M-22 PRELIMINARY RESTATED FINANCIAL RESULTS UNDER IFRS 17

13 OCTOBER 2023

Q3-22 RESTATED FINANCIAL RESULTS UNDER IFRS 17

€ m unless
otherwise							Adjustments
stated			Mail, Parcel &	Payments &		Insurance
				Financial Services	and	Total
				Distribution	Mobile	Services
					eliminations
		External revenues	843	297	1,240	348		2,728
		Intersegment revenues	1,194	65	205	(36)	(1,427)
		TOTAL REVENUES		2,037	362	1,445	312	(1,427)	2,728
		Cost of goods and services	562	117	10	1	(13)	676
		Personnel expenses	1,227	8	10	2	(91)	1,156
		Depreciation, amortisation and impairments	202	5	0	0	(15)	193
		Capitalised costs and expenses	(10)	(0)	-	-		(10)
		Other operating costs	36	11	7	1		55
		Intersegment costs	7	120	1,173	9	(1,308)
		Total costs	2,024	261	1,200	13	(1,427)	2,071
		OPERATING PROFIT/(LOSS)		13	101	244	299		657
		Finance income/(costs)	(6)	(0)	(0)	13		7
		Profit/(Loss) before tax	7	100	244	312		663
		Income tax expense	9	29	67	105		210
		PROFIT FOR THE PERIOD	(2)	72	178	207		454		2

Q3-22 REPORTED FINANCIAL RESULTS UNDER IFRS 4

• m unless otherwise stated

		Mail, Parcel &	Payments &		Insurance	Adjustments
		Financial Services	and	Total
		Distribution	Mobile	Services
			eliminations
External revenues	843	297	1,240	500		2,880
Intersegment revenues	1,194	65	205	1	(1,464)	-
TOTAL REVENUES		2,037	362	1,445	501	(1,464)	2,880
Cost of goods and services	562	117	10	19		708
Personnel expenses	1,227	8	10	9		1,254
Depreciation, amortisation and impairments	202	5	0	0	(0)	207
Capitalised costs and expenses	(10)	(0)	-	-		(10)
Other operating costs	36	11	7	4		58
Intersegment costs	7	120	1,173	164	(1,464)	-
Total costs	2,024	261	1,200	196	(1,464)	2,218
OPERATING PROFIT/(LOSS)		13	101	244	305		663
Finance income/(costs)	(6)	(0)	(0)	13		7
Profit/(Loss) before tax	7	100	244	318		670
Income tax expense	9	29	67	104		209
PROFIT FOR THE PERIOD	(2)	72	178	214		461		3

9M-22 RESTATED FINANCIAL RESULTS UNDER IFRS 17

€ m unless
otherwise							Adjustments
stated			Mail, Parcel &	Payments &		Insurance
				Financial Services	and	Total
				Distribution	Mobile	Services
					eliminations
		External revenues		2,648	779	3,745	1,144		8,315
		Intersegment revenues		3,675	201	602	(109)	(4,370)
		TOTAL REVENUES		6,323	980	4,348	1,034	(4,370)	8,315
		Cost of goods and services		1,694	302	27	4	(40)	1,988
		Personnel expenses		3,763	22	31	5	(280)	3,542
		Depreciation, amortisation and impairments		599	12	1	3	(46)	569
		Capitalised costs and expenses		(28)	(0)	-	-		(28)
		Other operating costs		110	20	39	1		171
		Intersegment costs		29	352	3,601	21	(4,004)	-
		Total costs		6,168	710	3,699	35	(4,370)	6,242
		OPERATING PROFIT/(LOSS)		155	270	649	1,000		2,073
		Finance income/(costs)		(2)	(0)	(22)	36	(0)	11
		Profit/(Loss) before tax		153	270	626	1,036		2,085
		Income tax expense		68	77	180	320		646
		PROFIT FOR THE PERIOD		85	192	447	715		1,439		4

9M-22 REPORTED FINANCIAL RESULTS UNDER IFRS 4

€ m unless
otherwise							Adjustments
stated			Mail, Parcel &	Payments &		Insurance
				Financial Services	and	Total
				Distribution	Mobile	Services
					eliminations
		External revenues		2,648	779	3,745	1,573		8,745
		Intersegment revenues		3,675	201	602	2	(4,481)
		TOTAL REVENUES		6,323	980	4,348	1,575	(4,481)	8,745
		Cost of goods and services		1,694	302	27	60	-	2,083
		Personnel expenses		3,763	22	31	27	-	3,844
		Depreciation, amortisation and impairments		599	12	1	3	(1)	614
		Capitalised costs and expenses		(28)	(0)	-	-		(28)
		Other operating costs		110	20	39	10		179
		Intersegment costs		29	352	3,601	496	(4,480)	-
		Total costs		6,168	710	3,699	595	(4,481)	6,691
		OPERATING PROFIT/(LOSS)		155	270	649	980		2,054
		Finance income/(costs)		(2)	(0)	(22)	36		11
		Profit/(Loss) before tax		153	270	626	1,017		2,066
		Income tax expense		68	77	180	315		641
		PROFIT FOR THE PERIOD		85	192	447	701		1,425		5