PageGroup PLC · LSE:PAGE

PageGroup — Q1 2016 Earnings Presentation

19 slides from PageGroup's earnings presentation, April 2016

  1. Slide 1: First Quarter 2016 Interim Management Statement

    First Quarter 2016 Interim Management Statement

  2. Slide 2: Agenda

    Agenda Financial Review Regional Review Outlook

  3. Slide 3: Financial Review

    Financial Review

  4. Slide 4: Trading Performance

    Trading Performance Reported (£m) Constant 2016 2015 % % Q1 2016 vs Q1 2015 142.4 135.7 +4.9% +3.6% • Gross profit growth of 3.6% in constant currencies • Favourable foreign exchange movements in some currencies, mainly the Euro, led to higher growth in reported rates of 4.9% • Proposed final divide

  5. Slide 5: Permanent vs Temporary – Year-on-Year Gross Profit

    Permanent vs Temporary – Year-on-Year Gross Profit Reported (£m) Constant Q1 2016 2015 % % Permanent 107.9 105.1 +2.7% +1.6% Temporary 34.5 30.6 +12.8% +10.6% Ratio (Perm : Temp) 76:24 77:23 • Perm : Temp ratio now 76:24 • Slower growth in permanent reflects current economic conditions in the majori

  6. Slide 6: Discipline Overview – Year-on-Year Gross Profit

    Discipline Overview – Year-on-Year Gross Profit Reported (£m) Constant % of Q1 2016 2015 % % Group Finance & Accounting 40% 56.7 53.9 +5.2% +4.0% Legal, Technology, HR, Secretarial 22% 31.3 27.8 +12.6% +10.9% and Healthcare Engineering, Property & Construction, Procurement & 19% 26.9 26.5 +1.2% -0.2

  7. Slide 7: Headcount

    Headcount Q1 2016 Q4 2015 Movement % Fee earners 4,496 4,484 12 0.3% Support staff 1,381 1,351 30 2.2% Total headcount 5,877 5,835 42 0.7% Ratio 77:23 77:23 • Fee earner headcount responds to trading conditions, +60 in EMEA, -49 in the UK • Support staff increase temporary as we transition into our

  8. Slide 8: Headcount and Reported Gross Profit

    Headcount and Reported Gross Profit Total headcount increased 0.7% vs. Q4 2015 to 5,877 (Q4 2015: 5,835) 8

  9. Slide 9: Regional Review

    Regional Review

  10. Slide 10: Q1 Regional Overview - Year-on-Year Gross Profit

    Q1 Regional Overview - Year-on-Year Gross Profit Reported (£m) Constant % of Q1 2016 2015 % % Group EMEA 43% 61.7 54.1 +14.1% +10.3% UK 26% 36.5 36.5 +0.0% +0.0% Asia Pacific 18% 25.9 25.8 +0.5% -2.0% Americas 13% 18.3 19.3 -5.3% -0.6% Group Total 100% 142.4 135.7 +4.9% +3.6% 10

  11. Slide 11: EMEA (43% of the Group) - Year-on-Year Gross Profit

    EMEA (43% of the Group) - Year-on-Year Gross Profit Reported (£m) Constant 2016 2015 % % Q1 2016 vs Q1 2015 61.7 54.1 +14.1% +10.3% Headcount at 31 March 2016: 2,380 (31 December 2015: 2,295) • Michael Page (57% of EMEA) +8%, Page Personnel (43% of EMEA) +13% • France (13% of Group) +2% - Michael Pa

  12. Slide 12: United Kingdom (26% of the Group) - Year-on-Year Gross Profit

    United Kingdom (26% of the Group) - Year-on-Year Gross Profit Reported (£m) 2016 2015 % Q1 2016 vs Q1 2015 36.5 36.5 +0.0% Headcount at 31 March 2016: 1,472 (31 December 2015: 1,516) • Michael Page (78% of the UK) -3% • Page Personnel (22% of the UK) +9% • Temporary recruitment (+6%) more robust tha

  13. Slide 13: Asia Pacific (18% of the Group) - Year-on-Year Gross Profit

    Asia Pacific (18% of the Group) - Year-on-Year Gross Profit Reported (£m) Constant 2016 2015 % % Q1 2016 vs Q1 2015 25.9 25.8 +0.5% -2.0% Headcount at 31 March 2016: 1,200 (31 December 2015: 1,180) • Asia (13% of Group and 72% of Asia Pacific) -1% • Greater China (57% of Asia) -5% • Improved perform

  14. Slide 14: Americas (13% of the Group) - Year-on-Year Gross Profit

    Americas (13% of the Group) - Year-on-Year Gross Profit Reported (£m) Constant 2016 2015 % % Q1 2016 vs Q1 2015 18.3 19.3 -5.3% -0.6% Headcount at 31 March 2016: 825 (31 December 2015: 844) • North America (8% of the Group and 59% of Americas) +9% • US +12%, stock market uncertainty at the start of

  15. Slide 15: Outlook

    Outlook

  16. Slide 16: Outlook

    Outlook • Trading conditions anticipated to remain challenging in the short term Summary Outlook - Uncertainty in the UK due to EU Referendum, but job indicators remain strong - Brazil and the Middle East expected to remain challenging - Asia will continue to be impacted by confidence levels in Grea

  17. Slide 17: Cautionary Statement

    Cautionary Statement This presentation contains certain statements that are neither reported financial results nor other historical information. The information contained in this presentation is not audited, is for personal use and informational purposes only and is not intended for distribution to,

  18. Slide 18: Year-on-Year Gross Profit Growth Rates

    Year-on-Year Gross Profit Growth Rates 2014 2015 2016 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 EMEA +5.7% +5.1% +11.2% +12.5% +12.1% +11.4% +13.0% +10.6% +10.3% UK +8.1% +11.1% +13.7% +11.0% +11.3% +12.8% +12.5% +2.4% +0.0% Asia Pacific +1.3% +14.2% +11.1% +10.8% +10.8% +5.6% +5.3% -1.3% -2.0% -Asia +8.0% +25.0%

  19. Slide 19: Slide 19

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