PageGroup PLC · LSE:PAGE
PageGroup — Q4 2021 Earnings Presentation
17 slides from PageGroup's earnings presentation, January 2022
Slide 1: Q4 2021 & FY Trading Update
Overview Financial Review Regional Review Summary Q4 2021 & FY Trading Update
Slide 2: Overview
Overview Financial Review Regional Review Summary Overview Kelvin Stagg Chief Financial Officer
Slide 3: A record quarter and year for the Group
Overview Financial Review Regional Review Summary Overview A record quarter and year for the Group Gross Profit £246.8m Constant Currency vs Q4 2020 +55.1% Q4 £205.1m Q4 2019 +49.3% FY 2020 Gross Profit £879.1m Constant Currency +24.2% FY vs Q4 2019 +7.2% FY 2019 £855.5m FY 2019 +26% Total FE 6,082
Slide 4: Financial Review
Overview Financial Review Regional Review Summary Financial Review
Slide 5: Q4 Perm and Temp Ratio
Overview Financial Review Regional Review Summary Q4 Perm and Temp Ratio Stronger trading continues in permanent recruitment 16% 23% 42% +31.6% +8.0% 58% +24.2% 77% 84% Perm Temp Perm Temp Perm Temp • Permanent +30.5% to £190.1m • Permanent +35.1% to £151.0m • Permanent +15.6% to £39.1m • Temporary
Slide 6: Headcount
Overview Financial Review Regional Review Summary Protecting and investing in our platform Ratio of fee earners to support staff improved to 78:22 Total headcount +4.8% • Hired c. 700 experienced fee earners in 2021 8,000 • Increase in fee earners of 310 (+5.4%) in the Quarter, 937 for the 7,000 yea
Slide 7: Continued strong gross profit growth
Overview Financial Review Regional Review Summary Continued strong gross profit growth Productivity up 25% on Q4 2019 300 6000 250 200 4500 Gross Profit (£m) as reported 150 Fee Earners 3000 100 1500 50 0 0 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q4 Q2 Q4 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q4 Q1 Q2 Q3 Q4 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4
Slide 8: Regional Review
Overview Financial Review Regional Review Summary Regional Review Steve Ingham Chief Executive Officer
Slide 9: Q4 Gross Profit +55.1% vs 2020
Overview Financial Review Regional Review Summary Q4 Gross Profit +55.1% vs 2020 Significant improvement in quarter, +24.2% vs 2019 • Large, High Potential markets* (38% of Group) +41% • EMEA +21.2% • Asia Pacific +33.8% • Americas +33.3% • UK +14.1% *Germany, Greater China, Latin America, South-Eas
Slide 10: EMEA
Overview Financial Review Regional Review Summary EMEA Improvement in trading conditions continued, Germany standout result Reported % Constant % Constant % £m Period 2021 £m 2020 £m 2019 £m vs. 2020 vs. 2020 vs. 2019 Q4 123.0 88.3 103.5 +39.3% +48.0% +21.2% Gross Profit FY 432.6 319.4 418.3 +35.5%
Slide 11: Asia Pacific
Overview Financial Review Regional Review Summary Asia Pacific Continuing strong growth across the region Reported % Constant % Constant % £m Period 2021 £m 2020 £m 2019 £m vs. 2020 vs. 2020 vs. 2019 Q4 49.0 34.0 37.4 +44.1% +48.7% +33.8% Gross Profit FY 179.6 121.1 163.3 +48.2% +53.3% +14.9% • Grea
Slide 12: The Americas
Overview Financial Review Regional Review Summary The Americas Performance continued to improve in the region Reported % Constant % Constant % £m Period 2021 £m 2020 £m 2019 £m vs. 2020 vs. 2020 vs. 2019 Q4 38.4 22.7 32.3 +68.9% +75.7% +33.3% Gross Profit FY 138.7 88.8 138.8 +56.3% +67.2% +15.1% • U
Slide 13: UK
Overview Financial Review Regional Review Summary UK Trading improved as the quarter progressed Growth Rate Growth Rate £m Period 2021 £m 2020 £m 2019 £m vs. 2020 vs. 2019 Q4 36.4 21.0 31.9 +73.2% +14.1% Gross Profit FY 128.2 80.9 135.1 +58.3% -5.1% • Michael Page +18% (+71% vs 2020) Midlands • Page
Slide 14: Summary
Overview Financial Review Regional Review Summary Summary
Slide 15: Summary
Overview Financial Review Regional Review Summary Summary A record quarter and year for the Group Q4 Gross Profit +24.2% in constant currencies vs 2019 Record productivity, up 25% on Q4 2019 FY 2021 Operating Profit to be marginally in excess of £165m Maintaining and investing in the platform Select
Slide 16: Disclaimer
Disclaimer 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, or use by
Slide 17: Overview Financial Review Regional Review
Overview Financial Review Regional Review Summary