Manpowergroup · NYSE:MAN
Manpowergroup — Investor Presentation (August 2025)
25 slides from Manpowergroup's investor presentation, August 2025
Slide 1: Investor Presentation
August 2025 Investor Presentation
Slide 2: Forward-Looking Statement
Forward-Looking Statement This presentation includes statements including statements regarding the Company's strategic and technology initiatives and investments and the impact of workforce trends on market penetration that are forward-looking in nature and, accordingly, are subject to known and unk
Slide 3: Over 75 Years of Global Workforce Expertise
$18B Annual revenues 27K Employees Over 75 Years of Global Workforce Expertise For more than 75 years, we have 500K 75 Countries and Approximate number addressed the complex workforce of people placed into territories challenges organizations face, from meaningful, sustainable work every day conting
Slide 4: Our Strong and Distinct Brands
Our Strong and Distinct Brands 59% 24% 17% 2024 Total 2024 Total 2024 Total Gross Profit Gross Profit Gross Profit • A global leader in contingent • A global leader in IT • Delivers integrated and data- staffing and permanent Professional Resourcing and driven workforce solutions to resourcing, prov
Slide 5: Globally Recognized Leader
Globally Recognized Leader Talent Solutions named a Named to TIME’s list of the One of the World's Most Leader in RPO in the World’s Most Sustainable Ethical Companies for the Everest Group PEAK Companies for 2025 16th time – more than any organization in the industry Matrix® Assessment 2025 Manpow
Slide 6: Our Vision, Strategy and Values
Our Vision, Strategy and Values August 2025 ManpowerGroup | Investor Presentation 6
Slide 7: Forces Driving Client and Candidate Priorities
Forces Driving Client and Candidate Priorities The Expansive Workforce An increasingly diverse global workforce will impact the future of who is available to work, as well as when and how they’ll work. New Ways of Working The world of work changed forever in 2020, and employer and individual adaptat
Slide 8: Shift Toward Higher Value Solutions and Services
Shift Toward Higher Value Solutions and Services 2014 Gross Profit Mix 2024 Gross Profit Mix Right Management ManpowerGroup Talent Solutions Solutions 6% 17% 10% 2014 Total 2024 Total 18% Gross Profit Gross Profit Experis 24% 59% 66% Experis Manpower Manpower Strategic progression of our business no
Slide 9: Strength Through Geographic Diversification
Strength Through Geographic Diversification 2024 Segment Revenues 2024 Operating Unit Profit(1) APME $2.2B APME $97.0M Northern Europe -$2.9M Americas $4.2B 12% 18% 24% 27% -1% 18% Total Total $17.9B $552.2M 46% Southern Europe $8.2B 56% Northern Europe $3.3B Americas $150.8M Southern Europe $307.3M
Slide 10: Our Acceleration Plan – DDI
Our Acceleration Plan – DDI Diversification • Experis • Accelerate growth of higher margin business in all brands • Talent Solutions • Push for relentless efficiency and productivity across all brands • Manpower Perm and Convenience Digitization - at an accelerated pace • Better tools enabling deepe
Slide 11: Predict, Connect, Develop, Manage
• Optimized HR processes • Increased efficiency • Decreased costs ManpowerGroup‘s integrated HR tech stack provides • Reduced risk competitive advantage with the rapid deployment of • Accelerated speed best-in-class technology together with deep and • Improved client and broad workforce expertise. c
Slide 12: MyPath Impact
270K+ The program’s impact grew nearly 15% over the last four quarters Lives impacted and has affected over 270K+ lives (including alumni) since its inception. By prioritizing MyPath participants are more value-added Better utilization productive; better utilized with a activities, the than non-MyPa
Slide 13: Secular Trends Providing More Opportunity Globally
Secular Trends Providing More Opportunity Globally Penetration Rates Global Average 1.8% Netherlands UK Japan France Switzerland Belgium Germany Italy US Spain Data from World Employment Confederation report published February 2025 France: Prism/’emploi as of March 2025 Italy: Associazione Nazionale
Slide 14: Financial Update
Financial Update August 2025 ManpowerGroup | Investor Presentation 14
Slide 15: Historical Trends
Historical Trends Revenue • Experiencing a 0 challenging environment across Europe and North America since 2023. • We remain committed to seizing growth EBITA As Adjusted(*) opportunities aligned with our strategy, improving leverage on that growth and building on our leading global workforce soluti
Slide 16: Balance Sheet
Balance Sheet June 30, 2025 ($ in millions) Assets 8,505 Cash Accounts Receivable Other Assets Solid balance sheet • Cash of $290M • Total debt-to-total 290 4,641 3,574 capitalization at 39% • Debt-to-EBITDA As Liabilities & Equity 8,505 Adjusted* of 3.17x Other Liabilities Total Debt Equity 5,224 1
Slide 17: Free Cash Flow
Free Cash Flow ($ in millions) Strong cash flow with counter-cyclical features provides liquidity entering into recessionary cycles. August 2025 ManpowerGroup | Investor Presentation 17
Slide 18: Returning Cash to Shareholders
Returning Cash to Shareholders ($ in millions, except share and per share amounts) Dividends Share Repurchases • Strong historical dividend performance. Current yield of • 0.7M shares repurchased in the first half of 2025; 37.0M 3.2%.** shares (47% of outstanding) repurchased from 2015. • Stable to
Slide 19: Return on Invested Capital (ROIC)
Return on Invested Capital* (ROIC) Estimated WACC • Capital efficiency metric has been included in global management annual incentive plans for over 20 years. • Rigorous cash management with a focus on DSO reduction. • Primary driver of ROIC improvement is operating profit after tax growth. *Defined
Slide 20: Financial Targets
Financial Targets • Exceed or maintain key market revenue growth Revenue Market • Disciplined profitable growth Growth • Focus on improvement in client mix • Assumes stable economic environment and consistent revenue growth and pricing EBITA • Growth driven by: 4.5% - 5.0% • Gross profit improvement
Slide 21: ManpowerGroup Strengths
ManpowerGroup Strengths Globally Recognized Industry Leader Improving Business Mix Strong Assets, Distinct Brands and World-Leading Offerings A Global Leader in IT Resourcing and Services Experienced Management August 2025 ManpowerGroup | Investor Presentation 21
Slide 22: Appendix
Appendix August 2025 ManpowerGroup | Investor Presentation 22
Slide 23: Financial Summary
Financial Summary Q2 Financial Highlights, As Adjusted(1) 0% (2) -3% CC Revenue $4.5B (Systemwide $4.9B) -1% OCC -50 bps Gross Margin 16.9% (3) -21% -25% CC EBITA $89M (3) -50 bps EBITA Margin 2.0% -40% -43% CC EPS $0.78 (1) Excludes the impact of restructuring costs of $14.4M ($12.9M net of tax), n
Slide 24: Financial Summary
Financial Summary Q2 Revenue Trend YOY % of Segment Average Daily Revenue Revenue Trend - CC August 2025 ManpowerGroup | Investor Presentation 24
Slide 25: ManpowerGroup 2025 Second Quarter Results
ManpowerGroup 2025 Second Quarter Results Industry Vertical Composition Based on Revenues – Q2 2025 August 2025 ManpowerGroup | Investor Presentation 25