Slide 1: ADP Earnings Call & Webcast 3Q Fiscal 2019
ADP Earnings Call & Webcast 3Q Fiscal 2019 May 1, 2019 Copyright © 2019 ADP, LLC
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation and other written or oral statements made from time to time by ADP may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature and which may be identifie
Slide 3: CEO's Perspective
CEO’s Perspective • Solid Q3 performance with organic constant currency (a) revenue growth of 5% and adjusted diluted EPS (a) growth of 13% • Continued improvements in product and service while driving 140 basis points in adjusted EBIT margin (a) expansion • ES New Business Bookings growth of 10% in
Slide 4: 3Q Fiscal 2019 Financial Highlights
3Q Fiscal 2019 Financial Highlights Total Revenues Adjusted EBIT (a) Adjusted Diluted EPS (a) (unaudited) (unaudited) (unaudited) h 4% h 10% h 13% h 5% Organic Constant Currency (a) $3.8B $1.0B $1.77 $3.7B $1.57 $924M 3Q 2018 3Q 2019 3Q 2018 3Q 2019 3Q 2018 3Q 2019 (a) For a reconciliation of these
Slide 5: 3Q Fiscal 2019 Segment Results
3Q Fiscal 2019 Segment Results Employer Services PEO Services • Revenues h 3% Reported • Revenues h 6% Reported h 4% Organic Constant Currency (a) • Revenues excluding zero-margin benefits • ES New Business Bookings h 10% pass-throughs h 2% • U.S. Pays Per Control h 3.1% • Average Worksite Employees
Slide 6: Fiscal 2019 Outlook
Fiscal 2019 Outlook Aug 1, 2018 Oct 31, 2018 Jan 30, 2019 May 1, 2019 Fiscal 2018 Outlook (a) Outlook (a) Outlook (a) Outlook (a) Revenues $13,328M h 5% - 7% h 6% - 7% h 6% - 7% h 6% - 7% (lower end) Adj. EBIT Margin (b) 20.7% h 100 - 125 bps h 100 - 125 bps h 125 - 150 bps h At least 150 bps Total
Slide 7: Appendix: Client Funds Investment Strategy Detail
Appendix: Client Funds Investment Strategy Detail Fiscal 2019 Outlook Average Balance ($) Average Yield Client Funds Interest ($) Client Short ~4.7B ~1.9% ~85M Client Extended ~10.9B ~2.1% ~225M Client Long ~9.7B ~2.5% ~245M Total Client Funds (a) ~25.3B ~2.2% ~555M Corporate Extended Interest Incom