Adecco Group Ag · SIX:ADEN
Adecco — Investor Day (2025)
27 slides from Adecco's investor day presentation, Dec 2, 2025
Slide 1: RUN @Akkodis: Delivering today, building for tomorrow
RUN @Akkodis Delivering today, building for tomorrow Jo Debecker, President of Akkodis
Slide 2: Introduction
Introduction • Engineer by training • 25+ years in Technology & Digital • Delivery, Operations, Sales & Accounts • Proven transformation & turnaround • Global and country roles Jo Debecker President of Akkodis 2
Slide 3: Introduction: Highlights of onboarding and discovery
Introduction Highlights of onboarding and discovery • Many golden nuggets / scalable gems • Diversified portfolio - Aerospace system engineering expertise • Very strong client intimacy - AI and data correlation platform to solve crime • Knowledgeable and passionate teams - Car frames for next-genera
Slide 4: Engineering Research & Development (ER&D) Outsourcing
Engineering Research & Development (ER&D) Outsourcing A resilient market driven by AI and digital engineering Akkodis has what it takes to win Diversified Expanding Well-balanced Ready for ER&D portfolio addressable market delivery mix spend consolidation • 29% Automotive • Expanding rapidly in • On
Slide 5: Driving execution & transformation
Driving execution & transformation Strengthen RUN Accelerate CHANGE Aerospace Sales transformation Defense Global accounts Automotive Practices & portfolio Germany turnaround Global Delivery North America Consulting growth Akkodis Intelligence 5
Slide 6: Aerospace deep dive
Aerospace deep dive Driving growth and innovation in a transforming aerospace market ~11 7 2024 Mid-term Consulting & Solutions market size (€ bn) Market: emerging Clients: balance resilience Akkodis: classic and digital opportunities with innovation engineering services • Mid-term CAGR 20% (Dig Eng
Slide 7: Defense deep dive
Defense deep dive Integrating engineering and digital for next-generation defense solutions ~6 4 2024 Mid-term Consulting & Solutions market size (€ bn) Market: strong Clients: requirements Akkodis: scaled growth outlook increasing defense solutions • Mid-term CAGR 20% (Dig Eng) / • Ramp-up of sever
Slide 8: Automotive deep dive
Automotive deep dive Leveraging our expertise to capture market share amid global shifts ~30 23 2024 Mid-term Consulting & Solutions market size (€ bn) Market: technological Clients: all OEMs Akkodis: focus on EV and geographical shifts expanding globally and digital first • Mid-term CAGR 12% (Dig E
Slide 9: Germany turnaround
Germany turnaround Bulk of transformation executed, showing results €36 mn run-rate Locked-in (Phase 1 & 2) Ongoing Capacity Adj Real Estate G&A Restructuring Rationalized portfolio Refocused sales effort progressing well • Divestments, e.g.: • Sales team refresh completed Targeting c.€50 mn savings
Slide 10: North America Consulting growth
North America Consulting growth Strategic focus on Consulting & Solutions Tech Staffing Consulting Targeted sales approach to answer changing market Continued strong performance • Decrease in volume hiring, increase in strategic roles • >26% revenue CAGR 2023-25 • AI/ML, data, cloud, security roles
Slide 11: RUN @Adecco
RUN @Adecco Christophe Catoir, President of Adecco
Slide 12: Building on Adecco's strong execution track record
Building on Adecco’s strong execution track record Enhancing agility to drive sustainable growth Strengthen RUN Accelerate CHANGE Continued expansion in Reimagining staffing through higher-value solutions, to human-digital symbiosis, to drive grow top- and bottom-line efficiency and service quality
Slide 13: Strong delivery against RUN agenda since 2023
Strong delivery against RUN agenda since 2023 Strengthen RUN +380 Average relative revenue growth bps vs. key competitors (last 3 years) Continued expansion in higher-value solutions, to grow top- and bottom-line SMEs share of revenue, 28% +30 bps vs. 2023 Outsourcing share of revenue, 11% • Increas
Slide 14: Increased commercial and operational strength underpin sustained period of market share gains
Increased commercial and operational strength underpin sustained period of market share gains Adecco’s market share evolution Key levers: Avg. quarterly relative growth performance • Aligned incentives on profitable growth (% change yoy, org TDA) • Omnichannel approach to best meet customer needs 20
Slide 15: Continued expansion in more accretive solutions
Continued expansion in more accretive solutions Outsourcing Managed Service Provider €200 Estimated addressable market €195 Total market spend under management, 2024* bn bn ~€2 Market Leader – Pontoon one of only 3 MSP Global market leader bn providers worldwide with a “STAR” rating** Sizeable busin
Slide 16: Continued expansion in more dynamic territories
Continued expansion in more dynamic territories LATAM APAC CHINA Revenue CAGR (2023-25 YTD) Revenue CAGR (2023-25 YTD) FESCO joint venture +15% +9% +€3.5 bn revenues p.a. +19% yoy YTD +10% yoy YTD Share of revenue Share of revenue Contribution to Adecco 6% 14% +25 bps +160 bps vs. 2019 +310 bps vs.
Slide 17: Delivering Adecco US turnaround: path to improved profitability
Delivering Adecco US turnaround: path to improved profitability Changed the dynamics of the country through a well organized and managed plan +630 Market share gain yoy YTD* bps Q3 25 +1,720 bps Direct Contribution / +28% Selling FTE yoy YTD 2.8% G&A as % of revenue YTD +200 EBITA margin yoy YTD bps
Slide 18: Further improving the competitiveness of Adecco France
Further improving the competitiveness of Adecco France Leveraging our current assets while evolving to prepare for the future +160 Market share gain Q3 25* bps Direct Contribution / -7% Selling FTE yoy YTD 1.5% G&A as % of revenue YTD +30 EBITA margin yoy YTD bps We have built strong foundations to
Slide 19: Optimized delivery through an omnichannel approach
Optimized delivery through an omnichannel approach Leveraging our scale and technologies to let recruiters focus on higher-value customer facing tasks Talent Supply Chain Clients Candidates Branch Onsite Centralized hubs Zero touch Comprehensive multi-channel offering Tech Human Digital & AI enabler
Slide 20: RUN @LHH
RUN @LHH Gaëlle de la Fosse, President of LHH
Slide 21: LHH is strongly positioned to help organizations successfully navigate AI transformation
LHH is strongly positioned to help organizations successfully navigate AI transformation LHH - a category leader in professional talent, with world-class delivery and client satisfaction HR & Talent Advisory Recruitment Development Career Transition Solutions & Mobility Leadership Development Upskil
Slide 22: LHH Recruitment Solutions – proactively responding to evolving market conditions
LHH Recruitment Solutions – proactively responding to evolving market conditions to optimize performance In light of mixed market dynamics We have optimized our footprint… …and protected productivity Macroeconomic challenges driving 8 non-strategic markets exited or Headcount reductions in line with
Slide 23: LHH Recruitment Solutions – systematic business pivot and innovation driving outperformance
LHH Recruitment Solutions – systematic business pivot and innovation driving outperformance Systematically moving Automating through AI Innovating via the Consistently outperforming upmarket power of LHH competitors Revenue mix – Perm (%) Gross profit development vs. key competitors (bps, yoy)2 35 4
Slide 24: LHH Career Transition & Mobility – leading the space with innovation
LHH Career Transition & Mobility – leading the space with innovation, reinforcing our #1 market position Market leading AI innovation… …further bolstering our market dominance Robust pricing discipline Consistent and material share expansion Evolution of US Job Cuts vs. LHH CT&M revenues (indexed to
Slide 25: LHH Career Transition & Mobility – cycle-resilient performance through innovation and segment expansion
LHH Career Transition & Mobility – achieving cycle-resilient performance through further innovation and segment expansion Compelling career transformation solutions SME expansion to drive further growth Specialized AI career experts to help candidates build confidence as they prepare for their next
Slide 26: Strengthen RUN key takeaways
Strengthen RUN key takeaways Denis Machuel, CEO
Slide 27: Turning strategy into results through two pillars
Turning strategy into results through two pillars Strengthen RUN Accelerate CHANGE Enhancing commercial and Innovate and transform operational excellence Develop next-generation assets, to drive profitable growth leveraging AI to unlock new efficiencies and growth levers • Deliver Akkodis Germany, A