Empresaria Group Plc · LSE:EMR

Empresaria — FY2009 Earnings Presentation

12 slides from Empresaria's earnings presentation, Mar 25, 2010

  1. Slide 1: Preliminary Results 2009

    Preliminary Results 2009 25 March 2010 Miles Hunt – Chief Executive Stuart Kilpatrick – Finance Director

  2. Slide 2: Cautionary Statement

    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 country where such distribution or use would be contrary to law

  3. Slide 3: Headlines

    Headlines Revenue  H2 net fees 19% ahead of H1 (2008: 4%) 56 54 52 50  Annual overheads reduced by 15% 48 46 44 (£6.7m) 42 40  Adjusted H2 Operating Profit of £4.1m Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 08 08 08 08 09 09 09 09 (2008: £5.2m) vs breakeven in H1  Debt reduction of £3.3m in H2 Net Fee Income 14 1

  4. Slide 4: Income Statement

    Income Statement • Like for like (LFL) based on continuing businesses in both periods at constant currency • Adjusted results are before exceptional items and intangible amortisation Preliminary Results 2009 4

  5. Slide 5: The Year in Summary

    The Year in Summary  A Year of 2 halves Net Fee Income  H1 resizing businesses where demand had declined sharply 41% 35% 49% 81%  H2 market stability, improvement in 97% certain markets, financial performance 59% 65% 51% benefitted from lower cost base 19% 3%  Revenues, margins maintained at 200

  6. Slide 6: Operational Review – UK

    Operational Review – UK 35% of Group NFI Split of Temp and Perm NFI  Revenue down 9% H2 2009 £7.6m  Perm down 51%, temp down 5% H1 2009 £7.2m  Net fee income down 29% H2 2008 £10.1m Temp Perm  Permanent sales decline reduced gross margin from 25% to 19% 16 25%  Acted quickly and reduced costs b

  7. Slide 7: Operational Review – Continental Europe

    Operational Review – Continental Europe 46% of Group NFI  Revenue down 8% Net Fee Income  Q4 was 4% up on Q4 08, 8% up on Q3 09  Net fee income down 17%  Idle time costs in Q1, pricing pressure Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4  Overheads (constant currency) reduced 08 08 08 08 09 09 09 09 by 15%  Growt

  8. Slide 8: Operational Review – Rest of World

    Operational Review – Rest of World 19% of Group NFI  Revenue up 8% Net Fee Income  Net fee income flat  Indonesia up 50%; Japan down 23%  Japanese market tough but Japan Indonesia Australia stabilised SE Asia Chile India  IMS India expanded its RPO SE Asia, Indonesia & India business to Austral

  9. Slide 9: Cash Flow

    Cash Flow £m 2009 Operating profit before exceptionals/amortisation 4.1 Depreciation 0.9 Working capital (0.5) Cash generated from operations 4.5 Tax, interest, capex, other (4.0) Investments (0.9) Exceptional restructuring costs (1.2) Share placing 2.7 Decrease in net debt 1.1 Net debt b/f (9.1) Ne

  10. Slide 10: Outlook

    Outlook  Strengthening financial performance  Stable/growing temp numbers in UK and Germany  Increased permanent recruitment activity  Increased profits from maturing businesses in emerging economies  Resilience of business model  Geographical spread  Diversified portfolio of specialist opera

  11. Slide 11: Appendices

    Empresaria Group plc International Specialist Temporary & Permanent Staffing Group Appendices

  12. Slide 12: Appendix 1 – Board of Management

    Appendix 1 – Board of Management Miles Hunt (CEO) 13 years industry experience Nick Hall-Palmer Armin Preisig Joost Kreulen Stuart Kilpatrick Head of UK Ops Head of Europe Ops Head of Asian Ops Group FD 10 years industry 14 years industry 23 years industry 2 years industry experience experience expe

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