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USPS Financial Update Mailer’s Technical Advisory Committee Meeting May 19, 2010 Joe Corbett Chief Financial Officer & Executive Vice President. Crude Oil. Dow Jones. Economy. Financial Results. Three Months Ended March 31, 2010. ($ Chg). (% Chg). 2010. 2009. ($ in Billions).
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USPS Financial Update Mailer’s Technical Advisory Committee Meeting May 19, 2010 Joe Corbett Chief Financial Officer & Executive Vice President
Crude Oil Dow Jones Economy
Financial Results Three Months Ended March 31, 2010 ($ Chg) (% Chg) 2010 2009 ($ in Billions) (1.4) $16.7 16.9 (0.2) Revenue (1) Expense (3.8) 16.4 17.0 (0.6) Retiree Health Bfts 4.5 1.9 1.8 0.1 ($1.6) (1.9) 0.3 Net Loss -3.3% 42.3 43.8 -1.5 Volume (Pieces) (2) (1) Includes $180 Million in Census Revenue for Qtr II 2010 period. (2) Includes 486 Million pieces in Census Volume for Qtr II 2010 period.
8 Quarter Moving Average Growth Rates % SPLY Total Mail Volume FY 2009 FY 2010 FY 2007 FY 2008
FY 2010 FY 2007 FY 2008 FY 2009 8 Quarter Moving Average Growth Rates % SPLY First-Class Mail Volume
FY 2007 FY 2008 FY 2009 FY 2010 % SPLY 8 Quarter Moving Average Growth Rates Standard Mail Volume
Focus on Cost • Reduce Workhours • Reduction of 22,000 employees Oct/Nov • Goal – approx. 90,000 workhours • Day-to-Day Management • Efficiency – Productivity and Overtime • Service Performance – All Categories • Variance & Staffing Modeling • Mail Processing • Customer Service • People Repositioning • Implement National Programs • Network Distribution Center Accelerated • Area Mail Processing Implementation • Route Adjustment Process • Flat Sorter Sequencing Implementation • All Areas – Costs Down Across the Postal Service
Focus on Cost • Reduce Workhours • Reduction of 22,000 employees Oct/Nov • Goal – approx. 90,000 workhours • Day-to-Day Management • Efficiency – Productivity and Overtime • Service Performance – All Categories • Variance & Staffing Modeling • Mail Processing • Customer Service • People Repositioning • Implement National Programs • Network Distribution Center Accelerated • Area Mail Processing Implementation • Route Adjustment Process • Flat Sorter Sequencing Implementation • All Areas – Costs Down Across the Postal Service
Focus on Cost • Reduce Workhours • Reduction of 22,000 employees Oct/Nov • Goal – approx. 90,000 workhours • Day-to-Day Management • Efficiency – Productivity and Overtime • Service Performance – All Categories • Variance & Staffing Modeling • Mail Processing • Customer Service • People Repositioning • Implement National Programs • Network Distribution Center Accelerated • Area Mail Processing Implementation • Route Adjustment Process • Flat Sorter Sequencing Implementation • All Areas – Costs Down Across the Postal Service
Focus on Cost • Reduce Workhours • Reduction of 22,000 employees Oct/Nov • Goal – approx. 90,000 workhours • Day-to-Day Management • Efficiency – Productivity and Overtime • Service Performance – All Categories • Variance & Staffing Modeling • Mail Processing • Customer Service • People Repositioning • Implement National Programs • Network Distribution Center Accelerated • Area Mail Processing Implementation • Route Adjustment Process • Flat Sorter Sequencing Implementation • All Areas – Costs Down Across the Postal Service
Workhours Six Months Ended March 31, 2010 88.1B 117M 82M 206M 106M 598M 87M 49M Workhours Below SPLY
Financial Results Six Months Ended March 31, 2010 ($ Chg) (% Chg) 2010 2009 ($ in Billions) (2.7) $35.1 36.0 (0.9) Revenue (1) Expense (4.5) 33.2 34.6 (1.4) Retiree Health Bfts 4.5 3.8 3.7 0.1 ($1.9) (2.3) 0.4 Net Loss Volume (Pieces) (2) -6.3% 88.1 94.0 -5.9 (1) Includes $180 Million in Census Revenue for Qtr II YTD 2010 period. (2) Includes 486 Million pieces in Census Volume for Qtr II YTD 2010 period.
USPS Financial Update Mailer’s Technical Advisory Committee Meeting May 19, 2010 Joe Corbett Chief Financial Officer & Executive Vice President
