Files with .PST extension represent Outlook Personal Storage Files (also called Personal Storage Table) that store variety of user information. User information is stored in folders of different types that include emails, calendar items, notes, contacts, and several other file formats. PST files are used for archiving emailing data offline that can be later loaded and viewed in various applications.
The XLTM file extension represents files that are generated by Microsoft Excel as Macro-enabled template files. XLTM files are similar to XLTX in structure other than that the later doesn't support creating template files with macros. Such template files are used to generate and set the layout, formatting, and other settings along with the macros to facilitate creating similar XLSX files then.
You can also convert PST into many other file formats. Please see the complete list below.