USPS FY 2013 1st Quarter Financials Presentation

7/29/2019 USPS FY 2013 1st Quarter Financials Presentation

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Board of Governors

Friday, February 8, 2013

Open Session


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Financ ia l Resul t s

Quar t er I o f Fisc a l Year 2013

Open Board Session

Februar y 8, 2013

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Financial Results

Quarter 1 YTD - 3 Months FY FY

(Billions) 2013 2012Revenue $17.7 $17.7

Expenses * 17.5 17.5Separation Incentive Costs 0.1 -

Operating Income (Loss)* 0.1 0.2Retiree Health Benefits Pre-Funding (1.4) (3.1)Workers' Comp. Fair Value Adj. 0.2 (0.1)

Workers' Comp. Other Non-Cash Adj. (0.2) (0.3)

Net Income (Loss) ($1.3) ($3.3)

Liquidity (Days Cash) 10 11

Volume (pieces) 43.5 43.6* Before RHB pre-funding and non-cash adjustments to workers compensation liabilities.

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$ Billions

Revenue FY12 Q1 vs. FY13 Q1

-3.1%

+3.1%

+4.7%

-0.1%

-6.3%

Volume: +3.6%

Volume: -4.5%

Volume Up: 4.0%

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Financial Results









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Quarter I YTD - 3 months(Billions)

FY2013

FY2012

Compensation $9.6 9.6

Benefits 3.8 3.8

Transportation 1.8 1.8

Depreciation 0.5 0.6

Supplies & Services 0.6 0.5

Rent, Utilities & Other1.2 1.2

Operating Expenses * $17.5 17.5

Workhour Reductions (Millions) (1) (3)

Operating Expenses

* Before RHB pre-funding, non-cash adjustments to workers compensation liabilities.

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Financial Results









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(1)

0

1

2

3

4

5

6

7

8

9

10

11

12

13

Sep-11

Oct-11

Nov-11

Dec-11

Jan-12

Feb-12

Mar-12

Apr-12

May-12

Jun-12

Jul-12

Aug-12

Sep-12

Oct-12

Nov-12

Dec-12

Jan-13

Feb-13

Mar-13

Apr-13

May-13

Jun-13

Jul-13

Aug-13

Sep-13

Oct-13

Liquidity includes unrestricted cash plusavailable borrowing, up to $15B limit

Days of Operating Cash based on averageoperating costs disbursed per day ~$265M

Mid-October Balances shown - Lowpoints after annual Workers

Compensation payments to DOL

Days FY 2012

Three months in 2013 haveliquidity below $1.3B (5 daysof operating cash on hand)

No Retiree Health Benefits Pre-Funding included ($11.1B in 2012 and $5.6 B in 2013)

Current Forecast

Actual

FY 2013

2012 & 2013 LiquidityDays of Operating Cash on Hand

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Quarter 1, Fiscal Year 2013Service Performance and

Customer ExperienceBoard of Governors

Open SessionFebruary 8, 2013

Megan J. BrennanChief Operating Officer

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Our Employees Delivered

Quarter 1 Performance

First-Class Mail

Improved Performance

Overnight

2 Day 3-5 Day

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FIRST-CLASS MAILSERVICE PERFORMANCE

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75

80

85

90

95

100

Source: Product Information


First-Class Overnight

QTR 1 SPLY

96.20 95.73

Target 96.70

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75

80

85

90

95

100



First-Class 2-Day

QTR 1 SPLY

95.7192.72

Target 95.10

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75

80

85

90

95

100



First-Class 3-5 Day

QTR 1 SPLY

93.93 92.83

Target 95.00

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75

80

85

90

95

100


International Single Piece First-Class

Qtr 1 SPLY

84.17

87.72


Target 94.00

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CUSTOMER EXPERIENCEMEASUREMENT (CEM)

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0

20

40

60

80

100

Source: CEM

Overall Experience

Customer Experience Measurement

88.4084.20

88.5984.13

Residential Small/ Medium Business

QTR 1 SPLY

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18/20Source: CEM

National - Residential


91.12 90.8185.35

62.01

91.21 91.05

84.86

62.49

0

20

40

60

80

100

Receiving Sending PO Visit Contact

QTR 1 SPLY

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National Small Business


Receiving Sending PO Visit Contact

QTR 1 SPLY

0

20

40

60

80

100

88.1487.22

80.75

52.43

88.1387.30

79.78

51.81

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Areas of Focus

Improving Customer Experience

Employee Engagement

Customer Experience Essentials

Effective Use of Data and Diagnostic Tools

to Drive Continuous Improvement

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USPS FY 2013 1st Quarter Financials Presentation

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