PageGroup PLC · LSE:PAGE
PageGroup — Michael Page International — Q1 2011 Earnings Presentation
16 slides from PageGroup's earnings presentation, Apr 11, 2011
Slide 1: First Quarter Interim Management Statement
First Quarter Interim Management Statement 11 April 2011
Slide 2: Group: Gross profit +29% with growth in every geography
Michael Page International First Quarter Interim Management Statement | 2 Group “Gross profit +29% with growth in every geography” Growth Rates Group gross profit £m £m Reported Constant Q1 2011 vs Q1 2010 127.3 97.9 +30.0% +29.3% Q1 2011 Q1 2010 Growth Rates Perm/temp gross profit £m £m Reported Co
Slide 3: Group: Maintaining the platform in downturns enables rapid growth
Michael Page International First Quarter Interim Management Statement | 3 “Maintaining the platform in downturns Group enables rapid growth as markets recover” Group quarterly Headcount and gross profit 200 6000 Gross Profit (£m) as reported 150 4500 152.4 141.3 140.3 128.2 127.3 123.4 Headcount 121
Slide 4: Group: Increasing discipline diversification
Michael Page International First Quarter Interim Management Statement | 4 Group “Increasing discipline diversification” Q1 Q1 Q1 Growth Rates 2011 2011 2010 GROUP gross profit Proportion £m £m Reported Constant Finance & Accounting 45% 57.1 46.2 +23.6% +22.8% Marketing, Sales & Retail 19% 23.7 18.9
Slide 5: EMEA: +28% gross profit growth from 18 countries
Michael Page International First Quarter Interim Management Statement | 5 EMEA “+28% gross profit growth from 18 countries in the region” Growth Rates EMEA gross profit £m £m Reported Constant Q1 2011 vs Q1 2010 56.2 44.6 +26.1% +28.2% Headcount up 151 (+8.2%) to 1,982 (Q4 2010: 1,831) In local curr
Slide 6: EMEA: 44% of the Group, with growth in every country
Michael Page International First Quarter Interim Management Statement | 6 EMEA “44% of the Group, with growth in every country” EMEA QUARTERLY HEADCOUNT AND GROSS PROFIT 80 2400 70.2 65.2 60 Gross Profit (£m) as reported 1800 63.7 59.7 57.5 56.2 52.8 Headcount 48.4 48.5 47.6 46.7 44.6 40 44.6 1200 4
Slide 7: United Kingdom: Steady gross profit growth across the country +9%
Michael Page International First Quarter Interim Management Statement | 7 United Kingdom “Steady gross profit growth across the country +9%” Growth Rates UK gross profit £m £m Reported Q1 2011 vs Q1 2010 31.7 28.9 +9.4% Headcount up 34 (+2.6%) to 1,358 (Q4 2010: 1,324) • Steady improvement in the pr
Slide 8: United Kingdom: Now 25% of the Group
Michael Page International First Quarter Interim Management Statement | 8 United Kingdom “Now 25% of the Group, as international diversification accelerates” UK QUARTERLY HEADCOUNT AND GROSS PROFIT 60 2000 49.0 48.5 Gross Profit (£m) as reported 45 1500 47.9 47.1 45.0 45.0 44.1 Headcount 36.1 33.0 3
Slide 9: Asia Pacific: Continued investment driving +54% gross profit growth
Michael Page International First Quarter Interim Management Statement | 9 “Continued investment driving +54% gross Asia Pacific profit growth, now 17% of Group” Growth Rates ASIA PACIFIC gross profit £m £m Reported Constant Q1 2011 vs Q1 2010 21.4 13.2 +62.6% +54.0% Headcount up 98 (+14.2%) to 789 (
Slide 10: Asia Pacific: Reported gross profit and headcount at record levels
Michael Page International First Quarter Interim Management Statement | 10 Asia Pacific “Reported gross profit and headcount at record levels” ASIA PACIFIC QUARTERLY HEADCOUNT AND GROSS PROFIT 32 800 Gross Profit (£m) as reported 24 600 21.4 20.7 20.3 Headcount 19.6 18.4 18.0 16 400 16.4 15.4 14.8 1
Slide 11: Americas: Now 14% of Group with +56% gross profit growth
Michael Page International First Quarter Interim Management Statement | 11 Americas “Now 14% of Group with +56% gross profit growth” Growth Rates Constant AMERICAS gross profit £m £m Reported exchange Q1 2011 vs Q1 2010 18.0 11.2 +60.7% +56.0% Headcount up 71 (+10.9%) to 723 (Q4 2010: 652) In local
Slide 12: Americas: Gross profit and headcount at record levels
Michael Page International First Quarter Interim Management Statement | 12 Americas “Gross profit and headcount at record levels” AMERICAS QUARTERLY HEADCOUNT AND GROSS PROFIT 24 720 Gross Profit (£m) as reported 18 540 18.0 15.6 Headcount 14.9 14.7 14.3 14.1 12 360 11.6 11.2 10.7 10.6 10.5 9.9 9.7
Slide 13: Group: Strong financial position
Michael Page International First Quarter Interim Management Statement | 13 Group “Strong financial position” • Strong net cash at 31 March 2011 in the region of £75m • Resumption of share repurchases for cancellation in Q2 • Proposed 2010 final dividend of 6.12p (+19.5%) per share to be paid on 6 Ju
Slide 14: Positioned for growth in less developed recruitment markets
Michael Page International First Quarter Interim Management Statement | 14 “Positioned for growth, with 43% of fee Group earners in less developed recruitment markets growing at 54%” Reported gross profit growth Q1 2011 FY Q1 Fee Earners: 3,526 2010 2011 11% Rest of EMEA* +44% +44% 9% Asia +89% +97%
Slide 15: rH & SOCIAL CARE Péfsonnel MM THCANE BOP yg] Michal Page emer Michael Page
rH & SOCIAL CARE Péfsonnel MM THCANE BOP yg] Michal Page emer Michael Page Person SEGREIAPAL Sone ‘sonne! FREELANCE TECNOLOG{A, INMOBILIARIA & CONSTRUCCION FINANCE ENONAN Michael Page Michael Page Michael Page ichael Pog Michael Page OFFSHORE CONSULTORIA Y ESTRATEGIA. e P. re SYSTEMES D’/INFORMATION
Slide 16: Cautionary Statement
Cautionary Statement The information contained in this presentation is not audited, is for personal use and informational purposes only and is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law
Michael Page International — Q1 2011 Earnings Presentation on 6ix