PageGroup PLC · LSE:PAGE
PageGroup — Michael Page International — Q3 2010 Earnings Presentation
13 slides from PageGroup's earnings presentation, Oct 7, 2010
Slide 1: Third Quarter Trading Update | 7 October 2010
Third Quarter Trading Update | 7 October 2010
Slide 2: Group gross profit
Michael Page International – Third Quarter Trading Update 2010 | 2 Group gross profit Growth Rates Constant Group gross profit £m £m Reported exchange Q3 2010 vs Q3 2009 112.7 82.3 +37.0% +34.2% Q3 2010 vs Q2 2010 112.7 111.7 +0.9% +2.3% Headcount: Increased by 333 (+8.6%) during Q3 at 4,193 (Q2 201
Slide 3: Group quarterly gross profit
Michael Page International – Third Quarter Trading Update 2010 | 3 Group quarterly gross profit 152.4 150 141.3 140.3 128.2 123.4 121.0 118.7 112.7 111.7 105.5 Gross Profit (£m) as reported 97.9 95.0 100 93.1 90.6 89.1 87.4 83.8 82.3 79.2 70.2 69.2 69.6 68.3 66.9 59.9 58.7 56.7 53.5 52.3 51.4 49.5 4
Slide 4: EMEA gross profit (40% of Group)
Michael Page International – Third Quarter Trading Update 2010 | 4 EMEA gross profit (40% of Group) Growth Rates Constant £m £m Reported exchange Q3 2010 vs Q3 2009 44.6 35.7 +25.0% +28.1% Q3 2010 vs Q2 2010 44.6 46.7 -4.6% -2.7% Headcount up 63 (+3.8%) at 1,708 (Q2 2010: 1,645) In local currency •
Slide 5: EMEA Gross Profit (£m) as reported
Michael Page International – Third Quarter Trading Update 2010 | 5 EMEA quarterly gross profit 80 70.2 Gross Profit (£m) as reported 65.2 63.7 59.7 57.6 60 48.5 48.4 47.6 46.7 44.6 44.6 42.0 42.2 38.2 35.7 40 20 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2007 2008 2009 2010 Specialists in Global
Slide 6: UK gross profit (29% of Group)
Michael Page International – Third Quarter Trading Update 2010 | 6 UK gross profit (29% of Group) Growth Rates £m £m Reported Q3 2010 vs Q3 2009 33.0 27.3 +20.9% Q3 2010 vs Q2 2010 33.0 32.3 +2.4% Headcount up 92 (+7.6%) at 1,310 (Q2 2010: 1,218) • Finance and Accounting (15% of the Group) was highe
Slide 7: UK Gross Profit (£m)
Michael Page International – Third Quarter Trading Update 2010 | 7 UK quarterly gross profit 49.0 48.5 47.9 47.1 50 45.0 45.0 44.1 36.1 40 33.0 32.3 Gross Profit (£m) 28.9 28.9 28.1 27.3 26.5 30 20 10 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2007 2008 2009 2010 Specialists in Global Recruitmen
Slide 8: Asia Pacific gross profit (18% of Group)
Michael Page International – Third Quarter Trading Update 2010 | 8 Asia Pacific gross profit (18% of Group) Growth Rates Constant £m £m Reported exchange Q3 2010 vs Q3 2009 20.3 10.8 +88.0% +68.7% Q3 2010 vs Q2 2010 20.3 18.0 +12.5% +13.7% Headcount up 95 (+19.0%) at 596 (Q2 2010: 501) In local curr
Slide 9: Asia Pacific Gross Profit (£m) as reported
Michael Page International – Third Quarter Trading Update 2010 | 9 Asia Pacific quarterly gross profit 25 Gross Profit (£m) as reported 20.3 19.6 18.4 20 18.0 16.4 15.4 14.8 14.7 13.2 15 12.3 12.4 12.2 10.8 9.7 9.5 10 5 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2007 2008 2009 2010 Specialists i
Slide 10: Americas gross profit (13% of Group)
Michael Page International – Third Quarter Trading Update 2010 | 10 Americas gross profit (13% of Group) Growth Rates Constant £m £m Reported exchange Q3 2010 vs Q3 2009 14.8 8.5 +73.7% +57.9% Q3 2010 vs Q2 2010 14.8 14.7 +1.0% +3.8% Headcount up 83 (+16.7%) at 579 (Q2 2010: 496) In local currency •
Slide 11: Americas Gross Profit (£m) as reported
Michael Page International – Third Quarter Trading Update 2010 | 11 Americas quarterly gross profit 14.8 14.7 14.3 14.1 15 Gross Profit (£m) as reported 11.6 11.2 12 10.7 10.6 10.5 9.9 9.6 9.0 8.5 9 7.8 7.2 6 3 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2007 2008 2009 2010 Specialists in Global
Slide 12: Financial position
Michael Page International – Third Quarter Trading Update 2010 | 12 Financial position • Net cash at 30 September 2010 in the region of £71m (30 June 2010: £65.7m) • No development on outstanding VAT reclaim • 18.7m shares purchased during first 3 quarters at a cost of £76.8m (410.7p per share). 15m
Slide 13: INTERNATIONAL
Michael Page INTERNATIONAL
Michael Page International — Q3 2010 Earnings Presentation on 6ix