Preliminary Financial Results January Preliminary

Transcription

1 January

2 Total Revenue 1 $ 25.2 $ 25.1 Controllable Expenses 1, Controllable Income (Loss) 1, RHB Unfunded Liability Amortization 3 (0.4) (0.3) Workers' Comp. Fair Value Adj. and Other Non-Cash Adj FERS Unfunded Liability Amortization 3 (0.3) (0.1) CSRS Unfunded Liability Amortization 3 (0.6) (0.4) Net Income (Loss) 1 $ (0.6) $ This represents the OPM amortization expense related to the Federal Employee Retirement System (FERS), Civil Service Retirement System (CSRS), and Postal Service Retiree Health Benefit Fund (PSRHBF) liabilities. These are based on OPM s latest updates. 1 1

3 Total Revenue 1 $ 25.2 $ 25.1 Controllable Expenses 1, Controllable Income (Loss) 1, RHB Unfunded Liability Amortization 3 (0.4) (0.3) Workers' Comp. Fair Value Adj. and Other Non-Cash Adj FERS Unfunded Liability Amortization 3 (0.3) (0.1) CSRS Unfunded Liability Amortization 3 (0.6) (0.4) Net Income (Loss) 1 $ (0.6) $ This represents the OPM amortization expense related to the Federal Employee Retirement System (FERS), Civil Service Retirement System (CSRS), and Postal Service Retiree Health Benefit Fund (PSRHBF) liabilities. These are based on OPM s latest updates. 2 2

4 Total Revenue 1 $ 25.2 $ 25.1 Controllable Expenses 1, Controllable Income (Loss) 1, RHB Unfunded Liability Amortization 3 (0.4) (0.3) Workers' Comp. Fair Value Adj. and Other Non-Cash Adj FERS Unfunded Liability Amortization 3 (0.3) (0.1) CSRS Unfunded Liability Amortization 3 (0.6) (0.4) Net Income (Loss) 1 $ (0.6) $ This represents the OPM amortization expense related to the Federal Employee Retirement System (FERS), Civil Service Retirement System (CSRS), and Postal Service Retiree Health Benefit Fund (PSRHBF) liabilities. These are based on OPM s latest updates. 3 3

5 Total Revenue 1 $ 25.2 $ 25.1 Controllable Expenses 1, Controllable Income (Loss) 1, RHB Unfunded Liability Amortization 3 (0.4) (0.3) Workers' Comp. Fair Value Adj. and Other Non-Cash Adj FERS Unfunded Liability Amortization 3 (0.3) (0.1) CSRS Unfunded Liability Amortization 3 (0.6) (0.4) Net Income (Loss) 1 $ (0.6) $ This represents the OPM amortization expense related to the Federal Employee Retirement System (FERS), Civil Service Retirement System (CSRS), and Postal Service Retiree Health Benefit Fund (PSRHBF) liabilities. These are based on OPM s latest updates. 4 4

6 Total Revenue 1 $ 25.2 $ 25.1 Controllable Expenses 1, Controllable Income (Loss) 1, RHB Unfunded Liability Amortization 3 (0.4) (0.3) Workers' Comp. Fair Value Adj. and Other Non-Cash Adj FERS Unfunded Liability Amortization 3 (0.3) (0.1) CSRS Unfunded Liability Amortization 3 (0.6) (0.4) Net Income (Loss) 1 $ (0.6) $ This represents the OPM amortization expense related to the Federal Employee Retirement System (FERS), Civil Service Retirement System (CSRS), and Postal Service Retiree Health Benefit Fund (PSRHBF) liabilities. These are based on OPM s latest updates. 5 5

7 Total Revenue 1 $ 25.2 $ 25.1 Controllable Expenses 1, Controllable Income (Loss) 1, RHB Unfunded Liability Amortization 3 (0.4) (0.3) Workers' Comp. Fair Value Adj. and Other Non-Cash Adj. - - FERS Unfunded Liability Amortization 3 (0.3) (0.1) CSRS Unfunded Liability Amortization 3 (0.6) (0.4) Net Income (Loss) 1 Excluding WC Fair Value Adj. $ (1.2) $ (0.3) 3 - This represents the OPM amortization expense related to the Federal Employee Retirement System (FERS), Civil Service Retirement System (CSRS), and Postal Service Retiree Health Benefit Fund (PSRHBF) liabilities. These are based on OPM s latest updates. 6 6

8 (Pieces Millions) Actual versus SPLY FY2018 January YTD Volume 54,200 54,168 (3.1)% 54,000 53, FC SP = (5.0)% FC Presort Ltrs & Other = (2.1)% 1.8B Pieces 53,600 (4.1)% 53,400 53,200 53,000 52,800-1,159* 52,600 52, % (1.8)% (4.4)% (3.3)% 52,401 0 SPLY FC Marketing Mail Shipping & Packages International *NOTE: Total Reduction in Political and Election Mail through January is 1.02 billion pieces. Periodicals & Other Actual January YTD has the same number of delivery days and 1.5 more retail days as compared to SPLY. 7 7

9 Actual versus SPLY FY2018 January YTD Revenue ($ Millions) $77M 25,400 25,300 25,200 25,100 25,000 24,900 $25,111 (3.4)% -$320 FC SP = (3.8)% FC Presort Ltrs & Other = (3.2)% 9.3% $ % $108 (7.8)% -$ % $25,188 24,800 (3.7)% 24,700 -$219 24,600 0 SPLY FC Marketing Mail Shipping & Packages International Periodicals & Other Actual January YTD has the same number of delivery days and 1.5 more retail days as compared to SPLY. 8 8

10 Pieces - Billions Shipping & Packages Volume: FY2018 January YTD vs. SPLY FY B 0.1B FY B First-Class Pkg Svc Priority Mail Express & Priority & USPS Retail Ground Parcel Select & Return & Marketing Parcels Package Services 9.5% 1.8% 8.6% 3.1% First-Class Pkg Svc Priority & Retail Ground Parcel Select & Return & Mkt Parcels Package Svcs January YTD has the same number of delivery days and 1.5 more retail days as compared to SPLY. 9 9

11 $ Billions Shipping & Packages Revenue: FY2018 January YTD vs. SPLY FY2017 $7.0B $0.6B FY2018 $7.6B First-Class Pkg Svc Priority Mail Express & Priority & USPS Retail Ground Parcel Select & Return & Marketing Parcels Package Services 15.4% 5.4% 13.2% 3.7% $4.0 $3.0 $2.0 $1.0 $0.0 $1.1 $1.3 First-Class Pkg Svc $3.5 $3.6 Priority & Retail Ground $2.1 $2.4 Parcel Select & Return & Mkt Parcels $0.3 $0.3 Package Svcs January YTD has the same number of delivery days and 1.5 more retail days as compared to SPLY

12 Controllable Expenses Compensation & Benefits 1, 2 $18.9 $18.6 Transportation Depreciation Supplies & Services Rent, Utilities & Other Controllable Expenses $25.1 $