New Zealand Post Group
New Zealand Post Group (NZ Post) operates New Zealand’s largest postal and courier businesses. NZ Post is one of the largest state-owned enterprises in terms of revenue, assets and employees. It also has a number of related business activities, such as philatelic and international consultancy business units, and operates an extensive network of retail outlets.
In February 2002, NZ Post launched its wholly owned banking subsidiary, Kiwibank Ltd, which shares synergies with the rest of the Group. The Reserve Bank provides banking oversight.
Disclosures
Key Documents
| 22 Dec 2011 | Letter from the Minister for State Owned Enterprises: 2012/13 Shareholder Expectations of State Owned Enterprises: nzp-le-12.pdf (266 KB) |
|---|---|
| 22 Dec 2011 | 2011 Valuation Reports |
| 22 Dec 2011 | Annual Report 2010/11: nzp-ar-11.pdf (2261 KB) |
| 20 Nov 2010 | Annual Report 2009/10: nzp-ar-09-10.pdf (1672 KB) |
| 20 Nov 2010 | Half Yearly Report 2009 (New Zealand Post Ltd website) |
| 20 Nov 2010 | Statement of Corporate Intent 2010: nzp-sci-10.pdf (510 KB) |
KPI
Key Financial Performance Indicators - NZ Post
For the Year Ended 30 June 2011 |
SCI Target |
Actual 2011 |
Actual 2010 |
|---|---|---|---|
| Return on Equity (%) | 6.3 | (-5.3) | 0.2 |
| Operating Margin (%) | 12.4 | 2.4 | 6.2 |
| Gearing Ratio (Net) (%) | 88.0 | 89.4 | 87.6 |
| Interest Cover | 11.9 | 3.2 | 5.6 |
Financials
Ratio |
2002/03 |
2003/04 |
2004/05 |
2005/06 |
2006/07 |
2007/08 |
2008/09 |
2009/10 |
2010/11 |
|---|---|---|---|---|---|---|---|---|---|
| Total Shareholder Return (TSR) (%) | N/A | 14.9 | 46.0 | 20.4 | 104.3 | 10.1 | 2.4 | 2.5 | (12.8) |
| Dividend Yield (%) | N/A | 5.2 | 6.7 | 9.4 | 3.9 | 2.5 | 1.2 | 0.5 | 0.2 |
| Dividend Payout (%) | 25.0 | 37.1 | 37.3 | 90.1 | 37.4 | (32.3) | (2.9) | (192.8) | (0.4) |
| Adjusted ROE (%) | N/A | 12.3 | 37.8 | 15.4 | 18.0 | 21.1 | 12.1 | (3.4) | (4.9) |
| ROCE (%) | N/A | 5.4 | 8.7 | 3.4 | 2.5 | 2.4 | 1.2 | 0.1 | (0.2) |
| Operating Margin (%) | 11.8 | 11.7 | 11.8 | 11.3 | 12.6 | 13.1 | 13.1 | 9.2 | 2.9 |
| Generator Efficiency | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Gearing (%) | 63.0 | 74.9 | 73.2 | 82.0 | 81.4 | 87.4 | 89.9 | 90.1 | 89.4 |
| Interest Cover (%) | N/A | N/A | N/A | 0.90 | 0.64 | 0.45 | 0.32 | 0.26 | 0.07 |
| Solvency | 0.26 | 0.15 | 0.14 | 0.08 | 0.13 | 0.08 | 0.07 | 0.07 | 0.23 |
| Revenue Growth (5 yr) (%) | (46.7) | ||||||||
| Dividend Growth (5 yr) (%) | 2.0 | ||||||||
Financial Performance measures for SOEs: fpm-soes.pdf (40 KB)
