Slide 1: COVID-19 Business Update
COVID-19 Business Update May 19, 2020 PAYCHEX HR Payroll Benefits Insurance 1
Slide 2: Forward Looking Statements
Forward Looking Statements You should be aware that certain written and oral statements made by management may constitute “forward-looking statements” within the meaning of the safe-harbor provisions of the United States (“U.S.”) Private Securities Litigation Reform Act of 1995. Forward-looking stat
Slide 3: COVID-19 Response
COVID-19 Response Safety and Security of Employees Health and safety of our employees remains a top priority Implemented our business continuity plan, which included moving more than 95% of our employees (15,000+) in the U.S. and Europe to work-from-home over 5-6 day period Initiated proactive measu
Slide 4: Paychex Technology Solutions
Paychex Technology Solutions Paychex Technology Solutions Modifications to support paid sick leave, paid family medical leave, and tax credits Dedicated COVID-19 Help Center Interactive, scenario-based assessment tool PPP loan payroll reports and assistance PPP Loan Forgiveness Estimator Partnership
Slide 5: Macroeconomic and Business Trends
Macroeconomic and Business Trends Macroeconomic trends reflect a steeper and more severe decline in economic conditions than the 2008-2009 recession. Real-time business leading indicators show stabilization and initial signs of improvement. Key Metrics March & April Impact May Observations Paid Empl
Slide 6: Fiscal Year 2020 Outlook: Anticipated Impact of COVID-19
Fiscal Year 2020 Outlook Anticipated Impact of COVID-19 May 19, 2020 Management Solutions Revenue PEO & Insurance Solutions Revenue Interest on Funds Held for Clients Total Revenue Net Income Diluted EPS EBITDA(2) Adjusted Net Income(2) Adjusted Diluted EPS(2) Interest on Funds Held for Clients Oper
Slide 7: The Power of Simplicity
PAYCHEX HR Payroll Benefits Insurance The Power of Simplicity 7