PageGroup PLC · LSE:PAGE
PageGroup — Q1 2014 Earnings Presentation
16 slides from PageGroup's earnings presentation, Apr 15, 2014
Slide 1: First Quarter 2014 Interim Management Statement
First Quarter 2014 Interim Management Statement 15 April 2014
Slide 2: Overview Group
PageGroup First Quarter 2014 Interim Management Statement | 2 Overview Group Gross profit FX headwinds • +7% vs Q1 2013 in Impact of FX in Q1: constant currency • £9m - Gross profit • £1m - Operating profit Headcount 2014 investment • +105 fee earners • Other investment • Cost base impact of £4m • T
Slide 3: Trading performance Group
PageGroup First Quarter 2014 Interim Management Statement | 3 Trading performance Group Growth Rates £m Q1 2014 Q1 2013 Reported Constant Y-on-Y Q1 Gross profit 126.6 126.8 -0.2% +6.8% • Gross profit up 7% vs Q1 2013 in constant currency • In reported rates gross profit broadly flat • At constant cu
Slide 4: Permanent vs Temporary Group
PageGroup First Quarter 2014 Interim Management Statement | 4 Permanent vs Temporary Group Perm/Temp Gross Profit Q1 2014 Q1 2013 Growth Rates £m £m Reported Constant Permanent 97.7 97.9 -0.2% +7.4% Temporary 28.9 28.9 -0.1% +4.6% Ratio (Perm:Temp) 77:23 77:23 • Permanent growth ahead of temporary •
Slide 5: Group quarterly headcount and reported gross profit
PageGroup First Quarter 2014 Interim Management Statement | 5 Group quarterly headcount and reported gross profit Group • Headcount increased by +3% during Q1 to 5,285 (Q4 2013: 5,130) • Headcount increase particularly in high potential markets: Germany, Asia, US
Slide 6: Investment impact on 2014 cost base: £4m
PageGroup First Quarter 2014 Interim Management Statement | 6 Investment impact on 2014 cost base: £4m Group Operating system and related applications roll-out • New website live across Asia Pacific • Wider Group roll-out plans accelerated into 2014 Continued focus on achieving improvements & global
Slide 7: Discipline overview Group
PageGroup First Quarter 2014 Interim Management Statement | 7 Discipline overview Group Gross Profit Q1 2014 Q1 2013 Growth Rates Proportion £m £m Reported Constant Finance & Accounting 39% 49.9 52.1 -4.2% +2.1% Legal, Technology, HR, Secretarial and Healthcare 20% 25.9 26.1 -0.7% +7.0% Engineering,
Slide 8: Regional overview Group
PageGroup First Quarter 2014 Interim Management Statement | 8 Regional overview Group Gross Profit Q1 2014 Q1 2013 Growth Rates Proportion £m £m Reported Constant EMEA 42% 52.7 52.0 +1.3% +5.6% UK 26% 32.8 30.3 +8.1% +8.1% Asia Pacific 18% 23.0 26.1 -11.8% +1.2% Americas 14% 18.1 18.4 -1.5% +15.6% G
Slide 9: Year-on-Year Gross profit growth rates
PageGroup First Quarter 2014 Interim Management Statement | 9 Year-on-Year Gross profit growth rates Group 2013 2014 Q1 Q2 Q3 Q4 Q1 EMEA -15.0% -8.2% -7.1% -1.4% +5.6% UK -1.2% +0.3% +5.0% +5.1% +8.1% Asia Pacific -0.3% -8.0% -4.3% -5.7% +1.2% Americas +2.1% +9.8% +16.8% +6.7% +15.6% Group Total -6.
Slide 10: EMEA Region
PageGroup First Quarter 2014 Interim Management Statement | 10 EMEA Region Growth Rates £m Q1 2014 Q1 2013 Reported Constant Y-on-Y Q1 Gross profit 52.7 52.0 +1.3% +5.6% Headcount up 116 (+6.2%) to 2,002 • France (15% of Group) +7% (-2% in Q4 2013 vs Q4 2012) • Page Personnel (Temp/Perm < €40,000) 6
Slide 11: UK Region
PageGroup First Quarter 2014 Interim Management Statement | 11 UK Region £m Q1 2014 Q1 2013 Growth Rate Y-on-Y Q1 Gross profit 32.8 30.3 +8.1% Headcount up 31 (+2.4%) to 1,350 • 8 out of 13 disciplines up over 10% • Financial Services broadly flat (now 3% of UK) • Strong performances from newer disc
Slide 12: Asia Pacific Region
PageGroup First Quarter 2014 Interim Management Statement | 12 Asia Pacific Region Growth Rates £m Q1 2014 Q1 2013 Reported Constant Y-on-Y Gross profit 23.0 26.1 -11.8% +1.2% Headcount flat (+1) at 1,112 • Asia (12% of Group and 66% of Asia Pacific) +9% • China up 5% on Q1 2013 - replacing Australi
Slide 13: Americas Region
PageGroup First Quarter 2014 Interim Management Statement | 13 Americas Region Growth Rates £m Q1 2014 Q1 2013 Reported Constant Y-on-Y Gross profit 18.1 18.4 -1.5% +15.6% Headcount up 7 (+0.9%) to 821 • North America (6% of the Group) +31% • US, fourth consecutive quarter of over 30% growth • Latin
Slide 14: Summary and Shareholder information Group
PageGroup First Quarter 2014 Interim Management Statement | 14 Summary and Shareholder information Group Proposed 2013 final dividend of 7.25p per share to be paid on 23 June AGM to be held on 5 June 2014 Second quarter and H1 trading update on 15 July 2014
Slide 15: Cautionary Statement
PageGroup First Quarter 2014 Interim Management Statement | 15 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 c
Slide 16: PageGroup 2013 half year results
PageGroup 2013 half year results | 16