richard j. strasser, jr. chief financial officer & executive vice president
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Richard J. Strasser, Jr.Chief Financial Officer &Executive Vice President
Richard J. Strasser, Jr.Chief Financial Officer &Executive Vice President
FINANCIAL UPDATEFINANCIAL UPDATE
Revenue below Plan
Expenses below Plan
Net Income under Plan
Summary Outlook
($296M)
($119M)
($177M)
Quarter III, FY 2003 (Feb 22 – May 16, 2003)Quarter III, FY 2003 (Feb 22 – May 16, 2003)
APs 7 & 8(Feb 22 – Apr 18)
FINANCIAL UPDATEFINANCIAL UPDATE
$ 1,542$ 1,542Net IncomeNet Income $ 1,909$ 1,909 366 366
43,00543,005 -1,248-1,248ExpenseExpense 41,757 41,757 1.21.2
PlanPlan VarVar
$44,547$44,547 [-881][-881]
Actual Actual
RevenueRevenue $43,666 $43,666
%SPLY%SPLY
5.75.7
($ Millions) [ ] = Unfavorable Variance to Plan Numbers may not add due to rounding
Income Statement – YTD AP 8 (Sept 7, 2002 – April 18, 2003)Income Statement – YTD AP 8 (Sept 7, 2002 – April 18, 2003)
FINANCIAL UPDATEFINANCIAL UPDATE
2.9 1.5 0.11.50.0
1.5
-20
-15
-10
-5
0
5
10
% S
PL
Y
PQ 1 PQ 2 PQ 3 PQ 4ActualPlan
FY 2003 – Total Mail Volume ChangeFY 2003 – Total Mail Volume Change
APs 7&8
0.5
FINANCIAL UPDATEFINANCIAL UPDATE
-0.7
0.7 0.2
-0.7-2.7 -1.6
-20
-15
-10
-5
0
5
10
% S
PL
Y
PQ 1 PQ 2 PQ 3 PQ 4ActualPlan
FY 2003 – First-Class Mail Volume ChangeFY 2003 – First-Class Mail Volume Change
-2.1APs 7&8
FINANCIAL UPDATEFINANCIAL UPDATE
8.2
3.5 3.51.1
7.0
2.7
-20
-15
-10
-5
0
5
10
% S
PL
Y
PQ 1 PQ 2 PQ 3 PQ 4ActualPlan
FY 2003 – Standard Mail Volume ChangeFY 2003 – Standard Mail Volume Change
APs 7&8
3.8
FINANCIAL UPDATEFINANCIAL UPDATE
$219
$127
$202$172
$201$181 $169$155
$402
-$40
$2
-$50
$86 $101
-$36
$193
Ch
ang
e to
SP
LY
($ i
n M
illi
on
s)
Planned Expense Growth Actual Expense Growth
FY 2003 – Expense TrendFY 2003 – Expense TrendFY 2003 – Expense TrendFY 2003 – Expense Trend
AP 1 2 3 4 5 6 7 8
FINANCIAL UPDATEFINANCIAL UPDATE
-7-11
-14-17
-21-25
-28-32
-36-40
-6
-11
-16
-22
-27-31
-35-39
-38
-34
-4
1 2 3 4 5 6 7 8 9 10 11 12 13
Plan Work Hour Reduction
FY 2003 – Cumulative Work Hour ReductionsFY 2003 – Cumulative Work Hour Reductions
(Millions)
Actual Work Hour Reduction
FINANCIAL UPDATEFINANCIAL UPDATE
-11,685
-10,533
-22,963
-14,677
-70,000
-60,000
-50,000
-40,000
-30,000
-20,000
-10,000
0
FY 2000 FY 2001 FY 2002 FY 2003
-59,858-59,858
AP 8
Cumulative Career Complement ReductionsCumulative Career Complement Reductions
FINANCIAL UPDATEFINANCIAL UPDATE
0
2
4
6
8
10
12
14
16
18
71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03
Percent GrowthPercent Growth
Total Factor ProductivityTotal Factor ProductivityTotal Factor ProductivityTotal Factor Productivity
Cumulative 1971 - 2003Cumulative 1971 - 2003Cumulative 1971 - 2003Cumulative 1971 - 2003
*Projection*Projection**
FINANCIAL UPDATEFINANCIAL UPDATE
0
5
10
15
20
25
30
35
71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03
Percent GrowthPercent Growth
Output Per Work HourOutput Per Work HourOutput Per Work HourOutput Per Work HourCumulative 1971 - 2003Cumulative 1971 - 2003Cumulative 1971 - 2003Cumulative 1971 - 2003
*Projection*Projection**
FINANCIAL UPDATEFINANCIAL UPDATE
FY 2003 – Cumulative Net IncomeFY 2003 – Cumulative Net Income
.0
.5
1.0
1.5
2.0
1 2 3 4 5 6 7 8 9 10 11 12 13
Plan
$0.6B
$1.91B
Actual($ Billions)
FINANCIAL UPDATEFINANCIAL UPDATE
FY 2003 – Average AP Revenue & ExpenseFY 2003 – Average AP Revenue & Expense
PQ 1 PQ 2 PQ 3 PQ 4
Revenue
$5,551M$5,551M $5,571M$5,571M $5,510M$5,510M $5,069M$5,069M$5,281M$5,281M $5,451M$5,451M $5,398M$5,398M $5,294M$5,294M
Net Inc/(Loss)Net Inc/(Loss) $ 270M$ 270M $ 120M$ 120M $ 112M$ 112M ($ 225M)($ 225M)
Expense
FINANCIAL UPDATEFINANCIAL UPDATE
Average AP Net Income (Loss) Average AP Net Income (Loss) Average AP Net Income (Loss) Average AP Net Income (Loss) Quarter 1 $270M Quarter 1 $270M
Quarter 2 $120M Quarter 2 $120M
Quarter 3 $112M Quarter 3 $112M
Quarter 4 ($225M) Quarter 4 ($225M)
.0
.5
1.0
1.5
1 2 3 4 5 6 7 8 9 10 11 12 13
($ Billions)($ Billions)
FY 2003 – Cumulative Net Income PlanFY 2003 – Cumulative Net Income PlanFY 2003 – Cumulative Net Income PlanFY 2003 – Cumulative Net Income Plan
$0.6B$0.6B
FY 2003 – Net Income (Loss)FY 2003 – Net Income (Loss)
Richard J. Strasser, Jr.Chief Financial Officer &Executive Vice President
Richard J. Strasser, Jr.Chief Financial Officer &Executive Vice President
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