PageGroup PLC · LSE:PAGE

PageGroup — Michael Page International — Q2 2010 Earnings Presentation

15 slides from PageGroup's earnings presentation, Jul 9, 2010

  1. Slide 1: Second Quarter Trading Update | 9 July 2010

    Second Quarter Trading Update | 9 July 2010

  2. Slide 2: Group gross profit

    Michael Page International Second Quarter Trading Update 2010 | 2 Group gross profit Growth Rates Constant Group gross profit £m £m Reported exchange Q2 2010 vs Q2 2009 111.5 83.8 +33.1% +29.8% Q2 2010 vs Q1 2010 111.5 97.9 +14.0% +13.9% H1 2010 vs H1 2009 209.4 178.8 +17.1% +15.0% Headcount • Increa

  3. Slide 3: Group quarterly gross profit

    Michael Page International Second Quarter Trading Update 2010 | 3 Group quarterly gross profit 152.4 150 141.3 140.3 128.2 123.4 121.0 118.7 111.5 105.5 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 49.9 48.1

  4. Slide 4: Headcount

    Michael Page International Second Quarter Trading Update 2010 | 4 Variance in quarterly gross profit and headcount 15 14.0% 600 9.5% 8.6% 10 7.4% 400 10.1% 7.9% 5 £12m £12m £14m 5.5% 200 374 2.0% £8m £7m 3.1% Gross Profit (£m) as reported 201 111 0.1% 110 0 5 0 -86 -£2m Headcount -158 -1.8% -1.6% -5

  5. Slide 5: Group perm/temp gross profit

    Michael Page International Second Quarter Trading Update 2010 | 5 Group perm/temp gross profit Growth Rates Q2 2010 Q2 2009 Constant Perm/temp gross profit £m £m Reported exchange Permanent 87.9 58.0 +51.5% +47.0% Temporary 23.6 25.8 -8.3% -9.1% Ratio (Perm:Temp) 79:21 69:31 Growth Rates Q2 2010 Q1 2

  6. Slide 6: EMEA gross profit (42% of Group)

    Michael Page International Second Quarter Trading Update 2010 | 6 EMEA gross profit (42% of Group) Growth Rates Constant £m £m Reported exchange Q2 2010 vs Q2 2009 46.7 38.2 +22.4% +25.0% Q2 2010 vs Q1 2010 46.7 44.6 +4.8% +7.7% H1 2010 vs H1 2009 91.3 85.8 +6.4% +8.6% Headcount up 80 (+5.1%) at 1,64

  7. Slide 7: EMEA Gross Profit (£m) as reported

    Michael Page International Second Quarter Trading Update 2010 | 7 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 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 2007 2008 2009 2010 Specialists in Global Recruitme

  8. Slide 8: UK gross profit (29% of Group)

    Michael Page International Second Quarter Trading Update 2010 | 8 UK gross profit (29% of Group) Growth Rates £m £m Reported Q2 2010 vs Q2 2009 32.2 28.1 +14.4% Q2 2010 vs Q1 2010 32.2 28.9 +11.0% H1 2010 vs H1 2009 61.1 57.0 +7.2% Headcount up 8 (+0.7%) at 1,218 (Q1 2010: 1,210) • Finance and Accoun

  9. Slide 9: UK Gross Profit (£m)

    Michael Page International Second Quarter Trading Update 2010 | 9 UK quarterly gross profit 49.0 48.5 47.9 47.1 50 45.0 45.0 44.1 36.1 40 32.2 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 2007 2008 2009 2010 Specialists in Global Recruitment www.mich

  10. Slide 10: Asia Pacific gross profit (16% of Group)

    Michael Page International Second Quarter Trading Update 2010 | 10 Asia Pacific gross profit (16% of Group) Growth Rates Constant £m £m Reported exchange Q2 2010 vs Q2 2009 18.0 9.7 +85.2% +63.8% Q2 2010 vs Q1 2010 18.0 13.2 +37.1% +32.4% H1 2010 vs H1 2009 31.2 19.2 +62.6% +45.3% Headcount up 61 (+13

  11. Slide 11: Asia Pacific Gross Profit (£m) as reported

    Michael Page International Second Quarter Trading Update 2010 | 11 Asia Pacific quarterly gross profit 19.6 18.4 20 18.0 Gross Profit (£m) as reported 16.4 15.4 14.8 14.7 13.2 15 12.4 12.3 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 2007 2008 2009 2010 Specialists in Global Recr

  12. Slide 12: Americas gross profit (13% of Group)

    Michael Page International Second Quarter Trading Update 2010 | 12 Americas gross profit (13% of Group) Growth Rates Constant £m £m Reported exchange Q2 2010 vs Q2 2009 14.6 7.8 +87.9% +65.6% Q2 2010 vs Q1 2010 14.6 11.2 +30.7% +23.8% H1 2010 vs H1 2009 25.8 16.8 +54.0% +39.8% Headcount up 52 (+11.7%

  13. Slide 13: Americas Gross Profit (£m) as reported

    Michael Page International Second Quarter Trading Update 2010 | 13 Americas quarterly gross profit 14.6 14.3 14.1 15 Gross Profit (£m) as reported 11.6 11.2 10.7 10.6 12 10.5 9.9 9.6 9.0 8.6 9 7.8 7.2 6 3 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2007 2008 2009 2010 Specialists in Global Recruitmen

  14. Slide 14: Financial position

    Michael Page International Second Quarter Trading Update 2010 | 14 Financial position • 15.0m shares repurchased for £61.8m in first half and placed into Employee Benefit Trust • 0.7m new shares issued in first half to satisfy share option exercises • Number of shares outstanding at 30 June 2010: 32

  15. Slide 15: INTERNATIONAL

    Michael Page INTERNATIONAL

Michael Page International — Q2 2010 Earnings Presentation on 6ix