Pagegroup Plc · LSE:PAGE
Pagegroup — Michael Page International — Q1 2010 Earnings Presentation
14 slides from Pagegroup's earnings presentation, Apr 9, 2010
Slide 1: First Quarter Trading Update | 9 April 2010
First Quarter Trading Update | 9 April 2010
Slide 2: Group and perm/temp gross profit
Michael Page International First Quarter Trading Update 2010 | 2 Group and perm/temp gross profit Growth Rates Constant Group gross profit £m £m Reported exchange Q1 2010 vs Q1 2009 97.8 95.0 +2.9% +1.9% Q1 2010 vs Q4 2009 97.8 90.6 +7.9% +7.9% Headcount up 110 (3.1%) at 3,659 (Q4 2009: 3,549) Growt
Slide 3: Group quarterly gross profit
Michael Page International First Quarter Trading Update 2010 | 3 Group quarterly gross profit 152.4 150 141.3 140.3 128.2 123.4 121.0 118.7 105.5 Gross Profit (£m) as reported 97.8 95.0 100 93.1 90.6 89.1 87.4 83.8 82.3 79.2 70.2 69.2 69.6 68.3 66.9 59.9 58.7 56.7 53.5 52.3 51.4 49.5 49.9 48.1 47.8
Slide 4: Variance in gross profit and headcount
Michael Page International First Quarter Trading Update 2010 | 4 Variance in quarterly gross profit and headcount 15 600 9.5% 8.6% 10 7.4% 10.1% 400 7.9% 5 £12m £12m 374 £8m £7m 200 2.0% 3.1% Gross Profit (£m) as reported 111 0.1% 110 0 5 -86 -£2m 0 Headcount -158 -1.8% -1.6% -5 -4.3% -507 -431 -£11
Slide 5: EMEA gross profit (46% of Group)
Michael Page International First Quarter Trading Update 2010 | 5 EMEA gross profit (46% of Group) Growth Rates Constant £m £m Reported exchange Q1 2010 vs Q1 2009 44.6 47.7 -6.5% -4.6% Q1 2010 vs Q4 2009 44.6 42.2 +5.6% +7.6% Headcount down 7 (0.4%) at 1,565 (Q4 2009: 1,572) In local currency • Fran
Slide 6: EMEA quarterly gross profit
Michael Page International First Quarter Trading Update 2010 | 6 EMEA quarterly gross profit 80 70.2 Gross Profit (£m) as reported 65.2 63.7 59.7 57.6 60 48.5 48.4 47.7 44.6 42.0 42.2 38.2 35.7 40 20 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2007 2008 2009 2010 Specialists in Global Recruitment www.m
Slide 7: UK gross profit (30% of Group)
Michael Page International First Quarter Trading Update 2010 | 7 UK gross profit (30% of Group) Growth Rates £m £m Reported Q1 2010 vs Q1 2009 28.9 28.9 +0.1% Q1 2010 vs Q4 2009 28.9 26.5 +9.2% Headcount up 31 (2.6%) at 1,210 (Q4 2009: 1,179) • Finance and Accounting (15% of the Group) was lower by
Slide 8: UK quarterly gross profit
Michael Page International First Quarter Trading Update 2010 | 8 UK quarterly gross profit 49.0 48.5 47.9 47.1 50 45.0 45.0 44.1 36.1 40 Gross Profit (£m) 28.9 28.9 28.1 27.3 26.5 30 20 10 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2007 2008 2009 2010 Specialists in Global Recruitment www.michaelpage.
Slide 9: Asia Pacific gross profit (13% of Group)
Michael Page International First Quarter Trading Update 2010 | 9 Asia Pacific gross profit (13% of Group) Growth Rates Constant £m £m Reported exchange Q1 2010 vs Q1 2009 13.2 9.4 +39.3% +26.2% Q1 2010 vs Q4 2009 13.2 12.2 +7.5% +3.2% Headcount up 37 (9.2%) at 440 (Q4 2009: 403) In local currency •
Slide 10: Asia Pacific quarterly gross profit
Michael Page International First Quarter Trading Update 2010 | 10 Asia Pacific quarterly gross profit 19.6 20 18.4 Gross Profit (£m) as reported 16.4 15.4 14.8 14.7 15 13.2 12.4 12.3 12.2 10.8 9.7 9.4 10 5 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2007 2008 2009 2010 Specialists in Global Recruitment
Slide 11: Americas gross profit (11% of Group)
Michael Page International First Quarter Trading Update 2010 | 11 Americas gross profit (11% of Group) Growth Rates Constant £m £m Reported exchange Q1 2010 vs Q1 2009 11.1 9.0 +23.9% +17.4% Q1 2010 vs Q4 2009 11.1 9.6 +15.3% +11.9% Headcount up 49 (12.4%) at 444 (Q4 2009: 395) In local currency • B
Slide 12: Americas quarterly gross profit
Michael Page International First Quarter Trading Update 2010 | 12 Americas quarterly gross profit 14.3 14.1 15 Gross Profit (£m) as reported 11.6 11.1 12 10.7 10.6 10.5 9.9 9.6 9.0 8.6 9 7.8 7.2 6 3 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2007 2008 2009 2010 Specialists in Global Recruitment www.mi
Slide 13: Financial position
Michael Page International First Quarter Trading Update 2010 | 13 Financial position • Net cash at 31 March 2010 in the region of £118m • Approximately 8.7m shares repurchased in Q1 and placed into trust at an average price of 406.1p • 0.4m new shares issued in Q1 to satisfy share option exercises •
Slide 14: International
Michael Page INTERNATIONAL
Michael Page International — Q1 2010 Earnings Presentation on 6ix