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Western Area State of the Business Update Feb. 2014

Western Area State of the Business Update Feb. 2014. Drew Aliperto Area Vice President. Who We Are. Drew Aliperto Area Vice President. Who We Are. 18 U.S. states $11.5B operating revenue FY13 30 million delivery points 50+ million customers 2.2 million square miles

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Western Area State of the Business Update Feb. 2014

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  1. Western Area State of the Business UpdateFeb. 2014 Drew Aliperto Area Vice President

  2. Who We Are Drew Aliperto Area Vice President

  3. Who We Are • 18 U.S. states • $11.5B operating revenue FY13 • 30 million delivery points • 50+ million customers • 2.2 million square miles • 59% of U.S. land mass

  4. Western Area Revenue Western Area FY 2014 Q1 revenue Variance Variance FY 2014 Q1 FY 2013 Q1 (Dollars in millions) $19 $35 $26 $0 $0 $39 Revenue: First-Class Mail Standard Mail Shipping & packages International Periodicals Other $593 $622 $171 $6 $45 $1,733 $574 $657 $145 $6 $45 $1,694 $49 Total Income $3,170 $3,121

  5. Who We Are • For wherever you work, shop, or play, there’s a convenient USPS service location near you in the Western Area: • 101.884 employees • 29K vehicles • 8,421 facilities • 417 facilities with Self-Service Kiosks • 72 Village Post Offices • 785 Contract Postal Units • 329 Community Post Offices • 102 Annexes • 122 Branches • 336 Stations • 6,675 Post Offices (Administrative POs, Main POs, Part-Time POs, Remotely Managed POs) • With 101,884 employees working hard every day to service your mailing needs, you can rest assured that your item will arrive safely and on time at its destination.

  6. USPS Today

  7. A Deep Financial Hole September 2013 • Liabilities exceed assets by approx. $40 billion • The USPS has only 35 cents of assets to cover each dollar of its liabilities ASSETS LIABILITIES * Newly available data on forever stamp usage resulted in a $1.3B reduction in Deferred Revenue – Prepaid Postage

  8. Western Area Today

  9. Financial Results • * Before RHB pre-funding and non-cash adjustments to workers’ compensation liabilities. • Retail and Delivery days were equal to FY2013.

  10. Total Revenue FY2013 Q1 vs. FY2014 Q1 +1.9% $ Millions +6.1% +4.2% Volume: + 10.2% +14.1% -4.0% -0.1% Volume: - 2.8% Volume: - 4.6% -2.8%

  11. Operating Expenses * Excludes RHB pre-funding, non-cash adjustments to workers’ compensation liabilities, and separation incentive costs. • Delivery days were equal to FY2013.

  12. Financial Results • * Before RHB pre-funding and non-cash adjustments to workers’ compensation liabilities. • Retail and Delivery days were equal to FY2013.

  13. Thank You! Drew Aliperto Area Vice President

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