Investor Presentaiton
Cash Flow Outlook: Overview of major drivers
Deutsche Post DHL
Group
2020
2021e
(in €m)
(in €bn)
2023e
(vs 2021)
Main Drivers 2021-2023
EBIT
4,847
>5.6
Operating Cash
Flow
7,699
8.0-8.5
.
Free Cash Flow
2,535
~2.3
INVESTOR PRESENTATION | DEUTSCHE POST DHL GROUP | MARCH 2021
.
2021 EBIT guidance: >€5.6bn
•
2023 EBIT guidance: >€6bn
.
.
Increase to be driven mainly by EBIT growth
D&A, working capital and taxes paid expected to trend slightly up in
line with business growth
Provisions in line with historical trend, mainly <€-0.2bn for pension
No unusual meaningful other cash-outs expected
Capex guidance, 2021: ~€3.4bn (2020: €3.0bn);
2021-23 cum.: €9.5-10.5bn
•
FCF guidance, 2021: ~€2.3bn,
2021-23 cum.: €7.5-8.5bn
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