PageGroup PLC · LSE:PAGE
PageGroup — Q4 2014 Earnings Presentation
17 slides from PageGroup's earnings presentation, Jan 13, 2015
Slide 1: Fourth Quarter 2014 and Full Year Trading Update
Fourth Quarter 2014 and Full Year Trading Update 13/01/2015
Slide 2: Trading Performance Group
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 2 Trading Performance Group Reported Constant Year-on-Year Gross Profit £m £m % % Q4 2014 vs Q4 2013 136.2 125.1 +8.9% +12.9% FY 2014 vs FY 2013 532.7 513.9 +3.7% +10.0% • Gross Profit up 12.9% vs Q4 2013 in constant currency • In reported r
Slide 3: Permanent and Temporary Recruitment Overview
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 3 Permanent and Temporary Recruitment Overview Group Q4 Reported (£m) Constant Year-on-Year Gross Profit Q4 2014 Q4 2013 % % Permanent 102.3 93.5 +9.5% +13.4% Temporary 33.9 31.6 +7.1% +11.1% Ratio (Perm:Temp) 75:25 75:25 FY 2014 Reported (£
Slide 4: Headcount and Reported Gross Profit
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 4 Headcount and Reported Gross Profit Group • Total headcount increased by 1.4% during Q4 to 5,578 (Q3 2014: 5,502)
Slide 5: Quarter Discipline Overview
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 5 Quarter 4 Discipline Overview Group Reported (£m) Constant % of Year-on-Year Gross Profit Group Q4 2014 Q4 2013 % % Finance & Accounting 40% 54.7 51.7 +5.8% +9.5% Legal, Technology, HR, Secretarial and Healthcare 20% 27.1 25.5 +6.3% +10.3%
Slide 6: Quarter Regional Overview
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 6 Quarter 4 Regional Overview Group Reported (£m) Constant % of Year-on-Year Gross Profit Group Q4 2014 Q4 2013 % % EMEA 40% 55.0 52.0 +5.7% +12.5% UK 26% 35.4 31.9 +11.0% +11.0% Asia Pacific 19% 26.2 24.2 +8.4% +10.8% Americas 15% 19.6 17.0
Slide 7: Full Year Regional Overview
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 7 Full Year Regional Overview Group Reported (£m) Constant % of Year-on-Year Gross Profit Group FY 2014 FY 2013 % % EMEA 40% 212.0 207.8 +2.1% +8.4% UK 26% 138.3 124.1 +11.5% +11.5% Asia Pacific 20% 105.5 105.8 -0.3% +9.3% Americas 14% 76.9
Slide 8: Year-on-Year Gross Profit Growth Rates
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 8 Year-on-Year Gross Profit Growth Rates Group 2013 2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 EMEA -15.0% -8.2% -7.1% -1.4% +5.7% +5.1% +11.2% +12.5% UK -1.2% +0.3% +5.0% +5.1% +8.1% +11.1% +13.7% +11.0% Asia Pacific -0.3% -8.0% -4.3% -5.7% +1.3% +14.2%
Slide 9: EMEA (40% of Group)
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 9 EMEA (40% of Group) Region Reported Constant Year-on-Year Gross Profit £m £m % % Q4 2014 vs Q4 2013 55.0 52.0 +5.7% +12.5% Q4 2014 vs Q3 2014 55.0 49.6 +10.9% +11.5% • France (14% of Group) +8% • Page Personnel (Temp/Perm < €40,000) 63% of
Slide 10: UK (26% of Group)
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 10 UK (26% of Group) Region Reported Year-on-Year Gross Profit £m £m % Q4 2014 vs Q4 2013 35.4 31.9 +11.0% Q4 2014 vs Q3 2014 35.4 35.3 +0.3% • Technical disciplines such as Engineering and Property & Construction performed strongly • London
Slide 11: Asia Pacific (19% of Group)
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 11 Asia Pacific (19% of Group) Region Reported Constant Year-on-Year Gross Profit £m £m % % Q4 2014 vs Q4 2013 26.2 24.2 +8.4% +10.8% Q4 2014 vs Q3 2014 26.2 28.0 -6.4% -7.6% • Asia (13% of Group and 69% of Asia Pacific) +15% • SE Asia +10%
Slide 12: Americas (15% of Group)
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 12 Americas (15% of Group) Region Reported Constant Year-on-Year Gross Profit £m £m % % Q4 2014 vs Q4 2013 19.6 17.0 +15.2% +20.2% Q4 2014 vs Q3 2014 19.6 20.0 -2.0% -2.5% • Latin America (8% of the Group) +20% • Brazil +16% in part due to w
Slide 13: Group Financial Position
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 13 Group Financial Position Group Cash • c. £89m Net Cash • Interim dividend paid – 3.42 pence, £10.5m Impact of FX on FY 14 • 6% impact on reported Gross Profit • Equivalent to: – £33m Gross Profit – £6m Operating Profit Exceptional Income
Slide 14: Summary
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 14 Summary Group Key Initiatives • Technology: one third of fee earners on new software • Efficiency: record 77:23 fee earner to support staff ratio • Talent development programme implemented Q4 • Gross Profit +12.9% in constant, +8.9% in re
Slide 15: 2013 half year results
PageGroup 2013 half year results | 15
Slide 16: Cautionary Statement
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 16 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 co
Slide 17: Appendix Group
PageGroup Fourth Quarter 2014 & Full Year Trading Update | 17 Appendix Group Reported Constant % of Year-on-Year Gross Profit Group FY 2014 FY 2013 % % Finance & Accounting 40% 211.8 211.7 +0.1% +5.8% Legal, Technology, HR, Secretarial and Healthcare 20% 107.3 105.2 +2.0% +8.6% Engineering, Property