Mailers' Technical

1
Mailers' Technical Advisory Committee
Financial Update
2
FY 2002, AP 5 Income Statement




3
FY 2002 - Revenue Trend
6.3
2.8
Note PSFR Data - Subject to Change
4
(No Transcript)
5
(No Transcript)
6
New Deliveries Over Last Year
7
FY 2002, AP 5 Work Hour Trend
Reduced 5600 Career Employees
Reduced 11600 Career Employees
8
FY 2002 Through AP 5 (Jan. 25, 2002)
1,309M Shortfall
9
FY 2002 Through AP 5 (Jan. 25, 2002)
710M Reduction
10
FY 2002 Through AP 5 (Jan. 25, 2002)
600M Shortfall
11
Actions

• Reduce Work Hour Budget

26M Cut Increase to 63M Cut

• Complete Headquarters Restructuring

• Defer Headquarters Expenses

• Capture Fuel Savings

• Continue Positive Productivity Growth

12
Other Key Factors

• Economy/Mail Industry

• 500M Appropriation

• Rate Case Settlement

• Arbitrations/Negotiation

13
Mailers' Technical Advisory Committee
Financial Update