Manpowergroup · NYSE:MAN
Manpowergroup — Investor Presentation (February 2025)
24 slides from Manpowergroup's investor presentation, February 2025
Slide 1: Investor Presentation
February 2025 Investor Presentation
Slide 2: Forward-Looking Statement
Forward-Looking Statement This presentation includes statements including statements regarding the Company's strategic and technology initiatives and investments and the impact of workforce trends on market penetration that are forward-looking in nature and, accordingly, are subject to known and unk
Slide 3: Over 75 Years of Global Workforce Expertise
Over 75 Years of Global Workforce Expertise Global Workforce Solutions Company Providing meaningful work for approximately 500,000 Source IT Staffing Project Solutions people everyday Professional Recruiting Connecting millions of job Contingent Staffing Permanent Recruiting Develop Leader Developme
Slide 4: Globally Recognized Leader
Globally Recognized Leader Business Leader Environment Social Talent Solutions named a Leader Named to TIME’s list of the World’s One of the World's Most Ethical in RPO for North America, ReceivedMost Sustainable a B rating in CDP’s Companies for the 15th time – Europe, the Middle East and Companies
Slide 5: Forces Driving Client Priorities
Forces Driving Client Priorities Our Individual Customer This time of INNOVATIVE Choice Sophistication CERTAIN WORKFORCE UNCERTAINTY SOLUTIONS and change provide flexibility REQUIRES new and agility to our ways of getting Demographics / clients as they Technological face these work done Talent Revol
Slide 6: Our Vision, Strategy and Values
Our Vision, Strategy and Values February 2025 ManpowerGroup | Investor Presentation 6
Slide 7: Strong and Distinct Brands
Strong and Distinct Brands We are a world leader in innovative workforce solutions and services, helping clients win through our family of brands and offerings. 1 59% of GP Leverage our trusted brand, 1 while driving relentless 41% of GP efficiency / productivity Drive higher growth and gross margin
Slide 8: Shift Toward Higher Value Solutions and Services
Shift Toward Higher Value Solutions and Services 2014 Gross Profit Mix 2024 Gross Profit Mix Right Management ManpowerGroup Talent Solutions Solutions 17% 2014 Total 2024 Total Gross Profit Gross Profit Experis 24% 59% Experis Manpower Manpower Strategic progression of our business now reflects Expe
Slide 9: Strength Through Geographic Diversification
Strength Through Geographic Diversification 2024 Segment Revenues 2024 Operating Unit Profit(1) APME $2.2B APME $97.0M Northern Europe -$2.9M Americas $4.2B Total Total $17.9B $552.2M Southern Europe $8.2B Northern Europe $3.3B Americas $150.8M Southern Europe $307.3M (1) Excludes restructuring cost
Slide 10: Our Acceleration Plan – DDI
Our Acceleration Plan – DDI • Experis Diversification • Talent Solutions • Accelerate growth of higher margin business in all brands • Manpower Perm • Push for relentless efficiency and productivity across all brands and Convenience Digitization - at an accelerated pace • Global • Better tools enabl
Slide 11: PowerSuite
PowerSuite ManpowerGroup‘s integrated HR tech stack provides competitive advantage with the rapid deployment of best-in-class technology together with deep and broad workforce expertise. Predict: Help people Connect: Superior understand their potential and candidate experience to attract anticipate
Slide 12: MyPath
MyPath By prioritizing value-added activities, the MyPath talent pool now represents 30% of the Manpower talent pool in certified countries and continues to grow. • The program’s impact grew nearly 15% over the last four 270K+ quarters and has affected over 270K+ lives since its inception. LIVES IMP
Slide 13: Financial Update
Financial Update February 2025 ManpowerGroup | Investor Presentation 13
Slide 14: Historical Trends
Historical Trends Revenue • Experienced a 0 challenging environment in 2023 and 2024 across Europe and North America. • We remain committed to seizing growth EBITA As Adjusted(*) opportunities aligned with our strategy, improving leverage on that growth and building on our leading global workforce s
Slide 15: Balance Sheet
Balance Sheet December 31, 2024 ($ in millions) Assets 8,201 Cash Accounts Receivable Other Assets Solid balance sheet with liquidity to support future growth 4,297 3,395 • Cash of $509M 509 • Total debt-to-total Liabilities & Equity 8,201 capitalization at 31% Other Liabilities Total Debt Equity •
Slide 16: Free Cash Flow
Free Cash Flow ($ in millions) Strong cash flow with counter-cyclical features provides liquidity entering into recessionary cycles. February 2025 ManpowerGroup | Investor Presentation 16
Slide 17: Returning Cash to Shareholders
Returning Cash to Shareholders ($ in millions, except share and per share amounts) Dividends Share Repurchases • Strong dividend performance. Current yield of 5.1%.** • 2.0M shares repurchased in 2024; 36.4M shares (47% of outstanding) repurchased from 2015. • Annual dividends increased every year o
Slide 18: Return on Invested Capital (ROIC)
Return on Invested Capital* (ROIC) Estimated WACC • Capital efficiency metric has been included in global management annual incentive plans for over 20 years. • Rigorous cash management with a focus on DSO reduction. • Primary driver of ROIC improvement is operating profit after tax growth. *Defined
Slide 19: Financial Targets
Financial Targets Revenue • Exceed or maintain key market revenue growth Market • Disciplined profitable growth Growth • Focus on improvement in client mix • Assumes stable economic environment and consistent revenue growth and pricing EBITA • Growth driven by: 4.5% - 5.0% Margin − gross profit impr
Slide 20: ManpowerGroup Strengths
ManpowerGroup Strengths Globally Recognized Industry Leader Improving Business Mix Strong Assets, Distinct Brands and World-Leading Offerings A Global Leader in IT Resourcing and Services Experienced Management February 2025 ManpowerGroup | Investor Presentation 20
Slide 21: Appendix
Appendix February 2025 ManpowerGroup | Investor Presentation 21
Slide 22: Financial Summary
Financial Summary Q4 Financial Highlights, As Adjusted(1) -5% -3% CC Revenue $4.4B -1% OCC -30 bps Gross Margin 17.2% (2) -19% -12% CC EBITA $94M (2) -40 bps EBITA Margin 2.1% -30% -27% CC EPS $1.02 (1) Excludes the impact of restructuring costs of $16.0M ($14.1M net of tax), and other items includi
Slide 23: Financial Summary
Financial Summary Q4 Revenue Trend YOY % of Segment Average Daily Revenue Revenue Trend - CC February 2025 ManpowerGroup | Investor Presentation 23
Slide 24: ManpowerGroup 2024 Fourth Quarter Results
ManpowerGroup 2024 Fourth Quarter Results Industry Vertical Composition Based on Revenues – Q4 2024 February 2025 ManpowerGroup | Investor Presentation 24
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