Adecco Group Ag · SIX:ADEN
Adecco — The Adecco Group — Investor Presentation (March 2026)
18 slides from Adecco's investor presentation, March 2026
Slide 1: Strategy overview: The agility advantage
Strategy overview The agility advantage Investor Relations | March 2026
Slide 2: Simplify-Execute-Grow has strengthened the business
Simplify-Execute-Grow has strengthened the business Disciplined execution delivering share gains, efficiencies and resilience Material market Customer satisfaction Overhead costs & more… share gains improved reduced Adecco GBU NPS survey, 2025 G&A costs (% revenues) • Local teams empowered & 3 years
Slide 3: The agility advantage: driving growth and shareholder value
The agility advantage: driving growth and shareholder value Strategic edge Operating model Financial impact An execution-driven model that turns strategy into results through two pillars: Clear targets supported by disciplined execution: End-to-end talent and technology solutions Strengthen RUN enab
Slide 4: Turning strategy into results through two pillars
Turning strategy into results through two pillars Strengthen RUN Accelerate CHANGE Enhancing commercial and Innovate and transform operational excellence Develop next-generation assets, leveraging AI to unlock new to drive profitable growth efficiencies and growth levers • Deliver Akkodis Germany, A
Slide 5: Advancing the RUN & CHANGE agenda at pace
Advancing the RUN & CHANGE agenda at pace • Traction in NAM: FY revenues +12%, • €58 mn run-rate savings from • CT expanding successfully with margin +230 bps Akkodis Germany SMEs: FY clients +17% • France improved: taking share, • NAM consulting revenues +27% • Candidates using Career Studio AI rec
Slide 6: Clear financial objectives set to drive value creation
Clear financial objectives set to drive value creation Maximize absolute FCF Maximize absolute EBITA Delever to ≤ 1.5x ND/EBITDA by end-271 1 2 3 4 5 6 GAIN OPTIMIZE MAXIMIZE MAINTAIN OPTIMIZE OPTIMIZE Market share Pricing Productivity G&A costs Working Capex sustainably & mix (Sales, bench at lowes
Slide 7: Group financial ambitions
Group financial ambitions Group framework GBU margin corridors Dual revenue growth strategy • Sustained market share gains • Investment in faster growth segments and solutions EBITA margin 3-6% range 7-10% range 8-11% range Achieve ~6% EBITA margin1 • Optimize pricing/mix • Maximize productivity, co
Slide 8: Path toward ~6% EBITA margin ambition
Path toward ~6% EBITA margin ambition • Deliver Akkodis Germany, Adecco US turnaround • Strong local execution to grow ~4.5% key geographies, sectors • Continued expansion in higher value solutions 3.0% • Akkodis’ value creation plan • Adecco reimagining staffing • Scaling LHH Coaching & Skilling EB
Slide 9: Clear capital allocation policy
Clear capital allocation policy 1 Invest in profitable growth Committed to investment grade credit rating Attractive dividends, 2 40-50% payout ratio on adjusted EPS 3 Bolt-on M&A to accelerate strategy 4 Return excess cash to shareholders 9
Slide 10: Living our purpose: making the future work for everyone
Living our purpose: making the future work for everyone People placed1: 515,000+ flexible employment every day 2 154,000+ permanent employment 870,000+ external individuals up and re-skilled ~2 million associates on assignment every day 3 Global leadership: 169,000 FTEs including tech experts and be
Slide 11: Factsheet
Factsheet Investor Relations | March 2026 11
Slide 12: Group overview
Group overview Three complementary GBUs: the strength of our business model One common purpose: Making the future work for everyone Adecco is a leading global recruitment Akkodis is a leading global digital engineering LHH empowers professionals and organizations agency, combining international scal
Slide 13: Breakdown of Adecco Group revenues
Breakdown of Adecco Group revenues 2025 Revenues €23,082 mn Service line Geography Client industry 1% 4% Revenue breakdown, approx. % 2% 4% 2% 15% 4% 17% 2% 23% 20% 5% 2% 3% 7% 4% 17% 12% 7% 6% 7% 9% 75% 7% 7% 11% 14% 13% 1 FMCG & Retail Flexible placement France Financial & professional services US
Slide 14: Adecco revenue breakdown
“In 2025, Adecco proved that disciplined execution and bold transformation fuel each other. Through our run-and- change strategy, we strengthened our core business while reshaping how staffing is delivered, especially for large accounts. Powered by technology, AI, and a revitalized brand image, we s
Slide 15: Akkodis revenue breakdown
“Akkodis delivered robust financial performance in 2025, remaining broadly in line with market dynamics. With our transformation initiatives well underway, focused on sales transformation, unlocking golden nuggets and leveraging near- and offshore models, Akkodis is a recognized leader in digital en
Slide 16: LHH revenue breakdown
“In 2025, LHH reinforced its position as the only global partner across the full professional talent journey. As the world of work evolves at unprecedented speed, clients want a trusted partner who can connect talent strategy, recruitment, development, and career transition in a scalable way. By str
Slide 17: The Adecco Group: an ESG leader with meaningful social impact
The Adecco Group: an ESG leader with meaningful social impact 2025 ESG Leadership Greenhouse gas (GHG) emissions1 Global Leaders gender parity • Scope 1: 5% yoy; -17%2 • 37%, +1% yoy • Scope 2: -10% yoy; -69%2 • Scope 3: -1% yoy; -21%2 Ambitious ESG Targets Environmental sustainability Social respon
Slide 18: Contact us
Contact us The Adecco Group Investor Relations Bellerivestrasse, 30 CH-8008 Zurich Tel: +41 (0)44 878 88 88 E-mail: investor.relations@adeccogroup.com www.adeccogroup.com/investors 18
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