Wpp Plc · LSE:WPP

Wpp — H1 2011 Earnings Presentation

71 slides from Wpp's earnings presentation, August 2011

  1. Slide 1: 2011 Interim Results

    2011 Interim Results London 1

  2. Slide 2: Contents

    Contents 1 2011 Interim Results 2 Key Priorities, Objectives and Strategy 3 Conclusions 2

  3. Slide 3: 2011 Interim Results

    1 2011 Interim Results WPP

  4. Slide 4: 2011 Interim Results highlights

    2011 Interim Results  Billings up 5.2% at £21.4 billion.  Reported revenue up 6.1%. On a constant currency basis, revenue up 8.1%. Like-for-like revenue up 6.1% and gross margin up 6.8%.  Headline PBIT up 13.7% to £517.9m from £455.3m.  Headline operating margin up 0.7 margin points to 11.0% and

  5. Slide 5: Summary Headline Results at a Glance (1)

    2011 Interim Results Summary Headline¹ Results at a Glance (1) Half Year to 30 June 2011 2010 Change £m £m % Revenue 4,713 4,441 6.1 Gross Margin 4,353 4,080 6.7 Staff Costs 2,860 2,684 -6.6 Other Expenses 975 941 -3.6 Operating Profit pre Bonus 657 583 12.7 Operating Profit 518 455 13.7 PBT 417 356

  6. Slide 6: Summary Headline Results at a Glance (2)

    2011 Interim Results Summary Headline¹ Results at a Glance (2) Half Year to 30 June 2011 2010 Change % Operating Profit Margin: % of Revenue 11.0% 10.3% +0.7² % of Gross Margin 11.9% 11.2% +0.7² Diluted EPS 22.8p 19.1p 19.4 Average Net Debt £m (2,558) (3,168) 19.3 Average Net Debt / EBITDA3 1.8x 2.4

  7. Slide 7: Unaudited IFRS Income Statement

    2011 Interim Results Unaudited IFRS Income Statement Constant Half Year to 30 June 2011 2010 Change Currency £m £m % % Revenue 4,713.0 4,440.9 6.1 8.1 Operating Profit pre-goodwill / intangibles 492.7 432.6 13.9 16.3 Goodwill / intangibles charges, FA gains / losses (61.5) (92.4) 33.4 32.8 Operating

  8. Slide 8: % Growth vs Prior Year

    2011 Interim Results % Growth vs Prior Year Revenue Headline³ Headline³ PBIT EPS Like-for-like 6.1 n/a n/a Acquisitions4 2.0 n/a n/a Constant currency 8.1 15.9 22.8 Foreign exchange -2.0 -2.2 -3.4 Reportable sterling 6.1 13.7 19.4 Reportable US dollars¹ 12.8 23.7 32.1 Reportable euros² 6.0 11.9 16.1

  9. Slide 9: Headline Performance Versus Consensus

    2011 Interim Results Headline¹ Performance Versus Consensus Half Year to 30 June 2011 2010 £m £m +/ - Revenue 4,713 4,694 +19 PBIT 518 508 +10 Net finance costs (101) (93) -8 PBT 417 415 +2 Diluted EPS 22.8p 22.6p +0.2p Operating margin 11.0% 10.8% +0.2² 1 Figures before goodwill and intangibles cha

  10. Slide 10: Unaudited Headline IFRS Income Statement

    2011 Interim Results Unaudited Headline¹ IFRS Income Statement Constant Half Year to 30 June 2011 2010 Change Currency £m £m % % Revenue 4,713.0 4,440.9 6.1 8.1 Operating profit 492.7 432.6 13.9 16.3 Income from associates 25.2 22.7 11.0 10.0 PBIT 517.9 455.3 13.7 15.9 Net finance costs (100.9) (99.

  11. Slide 11: Revenue by Discipline

    2011 Interim Results Revenue by Discipline % Change 2011 2010 Reported Constant Like-for- £m £m Currency like Advertising, Media Investment 1,927.1 1,746.2 10.4 12.1 8.1 Management Consumer Insight 1,177.3 1,162.5 1.3 2.6 2.3¹ Public Relations & Public Affairs 429.4 417.0 3.0 5.8 5.0 Branding & Iden

  12. Slide 12: Organic Revenue Growth Trends by Discipline

    2011 Interim Results Organic Revenue Growth Trends by Discipline 2009-2011 Q2 Quarter by Quarter 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% Q1 2009 Q2 Q3 Q4 Q1 2010 Q2 Q3 Q4 Q1 2011 Q2 Advertising, Media Investment Management Branding & Identity, Healthcare and Specialist Communications Public Relati

  13. Slide 13: Revenue by Region

    2011 Interim Results Revenue by Region % Change 2011 2010 Reported Constant Like-for- £m £m Currency like North America 1,645.4 1,608.4 2.3 8.3 5.4 UK 560.2 523.1 7.1 7.1 5.1 Western Continental Europe 1,174.9 1,120.9 4.8 4.2 2.9 Asia Pacific, Latin America, Africa & Middle East, Central & Eastern 1

  14. Slide 14: Organic Revenue Growth Trends by Region

    2011 Interim Results Organic Revenue Growth Trends by Region 2009-2011 Q2 Quarter by Quarter 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% Q1 2009 Q2 Q3 Q4 Q1 2010 Q2 Q3 Q4 Q1 2011 Q2 Asia Pacific, Latin America, Africa & Middle East, Central & Eastern Europe UK North America Western Continental Europe

  15. Slide 15: Headline PBIT and Margin by Discipline

    2011 Interim Results Headline PBIT¹ and Margin¹ by Discipline Headline PBIT Headline Margin 2011 2010 2011 2010 £m £m % % Advertising, Media Investment 236.1 205.6 12.3 11.8 Management Consumer Insight 88.7 83.7 7.5 7.2 10.3² 9.8² Public Relations & Public Affairs 66.7 61.6 15.5 14.8 Branding & Iden

  16. Slide 16: Headline PBIT and Margin by Region

    2011 Interim Results Headline PBIT¹ and Margin¹ by Region Headline PBIT Headline Margin 2011 2010 2011 2010 £m £m % % North America 209.2 195.7 12.7 12.2 UK 73.5 57.7 13.1 11.0 Western Continental Europe 94.2 85.1 8.0 7.6 Asia Pacific, Latin America, Africa & 141.0 116.8 10.6 9.8 Middle East, Centra

  17. Slide 17: Revenue Growth by Country

    2011 Interim Results Revenue Growth by Country Revenue Growth1 Countries >20% Argentina 15% to 20% Brazil, India, Mexico, Russia Australia, Greater China, Korea, Mainland China², Netherlands, 10% to 15% Poland 5% to 10% Denmark, Italy, Norway, Singapore, South Africa, UK, USA <5% Belgium, Canada, Fr

  18. Slide 18: Revenue Growth by Category

    2011 Interim Results Revenue Growth by Category Revenue Growth1 Categories >20% Travel & Airline >15% Automotive, Drinks 10% to 15% Financial Services, Oil Electronics, Entertainment, Personal Care & Drugs, Retail, 5% to 10% Telecommunications <5% Computers, Food, Government 1 Like-for-like growth 1

  19. Slide 19: Effects of Strength of Sterling

    2011 Interim Results Effects of Strength of Sterling  Currency movements accounted for a 2.0% decrease in revenue, largely reflecting the strength of the £ sterling against the US$.  Sterling stronger on average as follows: 2011 2010 Sterling (stronger)/ weaker US$ 1.616 1.526 (6%) € 1.153 1.151 -

  20. Slide 20: Trade Estimates of Major New Business Wins

    2011 Interim Results Trade Estimates of Major New Business Wins WPP Agency Incumbent Account Office Billings ($m) Ogilvy PUB Claro Brazil 500 Y&R/Taxi In-house Revlon Global 265 Grey/G2 PUB Ally Financial USA 200 JWT PUB Indesit Global 156 MediaCom Ind DFS UK 145 Mindshare IPG Unilever Australia 80

  21. Slide 21: Trade Estimates of Major New Business Losses

    2011 Interim Results Trade Estimates of Major New Business Losses WPP Agency Winning Agency Account Office Billings ($m) Mindshare/JWT PUB Tourism Ireland Global 156 MediaCom IPG Hasbro USA 150 MEC OMC Activision Blizzard North America 150 MediaCom Ind Scottish Government UK 120 JWT Ind Rimmel Globa

  22. Slide 22: Internal Estimates of Net New Business Wins

    2011 Interim Results Internal Estimates of Net New Business Wins ($m) Creative Media Total Advertising 504 894 1,398 Other Businesses 524 - 524 Total First Half 2011 1,028 894 1,922 22

  23. Slide 23: Major New Business Wins/Losses Since July

    2011 Interim Results Trade Estimates of Major New Business Wins/ Losses Since 1 July WPP Agency Incumbent Account Office Billings ($m) Maxus IPG SC Johnson Global 1,000 Maxus/MediaCom OMC/Ind Comcast NBCU Global 865 Ogilvy IPG SC Johnson Global 500 WINS MediaCom Dentsu Procter & Gamble Japan 500 JWT

  24. Slide 24: Cash Flow

    2011 Interim Results Cash Flow £m 2011 2010 Operating Profit 431 340 Non-cash compensation 38 35 Depreciation & amortisation charges 102 106 Amortisation of acquired intangibles and impairment 83 97 Net interest paid & similar charges (107) (107) Tax paid (126) (96) Net cash generation 421 375 24

  25. Slide 25: Uses of Cash Flow

    2011 Interim Results Uses of Cash Flow £m 2011 2010 Net cash generation 421 375 Capital expenditure (107) (90) Acquisition payments (229) (90) - Net initial payments¹ (175) (15) - Earnout payments/ loan note redemptions (54) (75) Share repurchases (98) (28) Other 3 (1) Net cash (outflow) / inflow be

  26. Slide 26: Net Debt – June 2011

    2011 Interim Results Net Debt – 30 June 2011 % £m 2011 2010 Variance YTD average net debt on constant currency basis (2,558) (3,071) +17% YTD average net debt on reportable basis (2,558) (3,168) +19% Net debt at 30 June (2,879) (3,029) +5% YTD average net debt up to 5 August 2011 on a constant (2,64

  27. Slide 27: Historic Average Net Debt/Headline EBITDA

    2011 Interim Results Historic Average Net Debt/Headline EBITDA £m Average net debt/headline EBITDA 4,000 3.0 Average net debt EBITDA 3,500 Average net debt/headline EBITDA 2.5 3,000 2.0 2,500 2,000 1.5 1,500 1.0 1,000 0.5 500 0 0.0 2004 2005 2006 2007 2008 2009 2010 Jun-11* * Rolling annual average

  28. Slide 28: Uses of Free Cash Flow

    2011 Interim Results Uses of Free Cash Flow Category H1 2011 H1 2010 FY 2010 New acquisitions¹ £175m² £15m² £97m² Share purchases 1.0% 0.4% 0.5% Dividend increase 25% 15% 15% Headroom: Undrawn facilities & £1.7bn £1.9bn £2.8bn surplus cash ¹ Includes investments and step-ups in subsidiaries equity.

  29. Slide 29: Earnings and EPS

    2011 Interim Results £m Earnings and EPS¹ Pence/ share 800 60.0p 56.7p 55.5p Earnings 21% 700 -20% 28% EPS 50.0p 11% 600 45.8p 44.4p 17% 41.2p 40.0p 500 35.2p 400 30.0p 22.8p 300 19% 19.1p 20.0p 200 10.0p 100 0 0.0p 2005 2006 2007 2008 2009 2010 2010 H1 2011 H1 ¹ Diluted Headline Earnings and Dilute

  30. Slide 30: Ordinary Shares - Basic

    2011 Interim Results Ordinary Shares - Basic June June 2011 2010 No. of Shares (million) Actual Actual 1 January 1,264 1,256 Share buybacks (2) - Option exercise 4 2 30 June 1,266 1,258 -0.6% Weighted Average 1,266 1,257 ESOP, Treasury & Other (22) (34) Average Basic 1,244 1,223 -1.7% 30

  31. Slide 31: Ordinary Shares – Diluted

    2011 Interim Results Ordinary Shares – Diluted June June 2011 2010 No. of Shares (million) Actual Actual Average Basic 1,244 1,223 Share Option Dilution 6 7 Other Potentially Issuable Shares 17 24 Sub-Total 1,267 1,254 -1.0% Convertibles: £450m 5.75% bond 77 - Fully Diluted Shares 1,344 1,254 -7.2%

  32. Slide 32: Key Priorities, Objectives and Strategy

    2 Key Priorities, Objectives and Strategy 32

  33. Slide 33: Dissonance in markets

    Key Priorities, Objectives and Strategy Dissonance in markets Macro Micro  Momentum in GDP outside the  Client comments prior to market Western markets turbulence indicate increased  Fears of Euro contagion spend on “A” more than “P”  Concerns on US deficit  Efficiency and effectiveness still k

  34. Slide 34: New Markets, New Media and Consumer Insight

    Key Priorities, Objectives and Strategy New Markets, New Media and Consumer Insight  Faster growing markets now to be over one third of total Group (35% - 40%).  New media now to be over one third of total Group (35% - 40%).  Marketing Services to be two thirds of total Group.  Quantitative disc

  35. Slide 35: Faster Growing Markets to be 35% - 40% of Total Group

    Key Priorities, Objectives and Strategy Faster Growing Markets to be 35% - 40% of Total Group Today Today including Tomorrow Associates 28% 30% 31% 35% 35% 38% ¹ 37% 35% 31% North America UK & Western Continental Europe Asia Pacific, Latin America, Africa & Middle East, Central & Eastern Europe¹ ¹ B

  36. Slide 36: Revenues in Faster Growing Markets 2004-2010

    Key Priorities, Objectives and Strategy Revenues in Faster Growing Markets 2004-2010 4.5 4.0 3.5 3.0 Revenue ($'bn) 2.5 2.0 1.5 1.0 0.5 0.0 2004 2005 2006 2007 2008 2009 2010 WPP OMC PUB IPG 1. WPP reportable US$’s per WPP results and peer $ revenues as shown in annual results presentations. 2. Peer

  37. Slide 37: WPP's Performance Strong in BRIC Markets

    Key Priorities, Objectives and Strategy WPP’s Performance Strong in BRIC Markets Revenue $'m 1,000 10 year CAGR 17% 900 800 Associates @ 100% 700 First half 2010 10 year CAGR 14% 600 500 10 year CAGR 15% 400 300 10 year CAGR 57% 200 100 0 2000 2010 2011 H1 2000 2010 2011 H1 2000 2010 2011 H1 2000 20

  38. Slide 38: WPP's Performance Strong in Other Faster Growing Markets

    Key Priorities, Objectives and Strategy WPP’s Performance Strong in Other Faster Growing Markets Revenue $'m 600 10 year CAGR 19% 500 Associates @ 100% 10 year CAGR 21% First half 2010 400 300 200 100 10 year CAGR 32% 10 year CAGR 35% 0 2000 2010 2011 H1 2000 2010 2011 H1 2000 2010 2011 H1 2000 2010

  39. Slide 39: 2010 Revenue by Geography

    Key Priorities, Objectives and Strategy 2010 Revenue by Geography $14.4bn $12.5bn 4.0 1.7 Asia Pacific, LatAm, Africa & Middle East, CEE Western Europe N America 3.9 5.3 $7.2bn $6.5bn 1.4 1.4 2.3 1.3 6.9 5.1 $2.2 bn $2.0bn 3.8 0.5 0.2 3.5 1.1 1.3 0.4 0.7 WPP Omnicom Publicis IPG Aegis Havas 1 Source

  40. Slide 40: Media Billings by Geography

    Key Priorities, Objectives and Strategy Media Billings by Geography Worldwide Ranking by Group as % of the Six Groups 40 WPP Omnicom Publicis IPG Aegis Havas 35 30 25 20 15 10 5 0 Americas Europe Asia Pacific Worldwide Source: RECMA July 2011 billings report, based on 2010 data. 40

  41. Slide 41: WPP in Faster Growing Markets

    Key Priorities, Objectives and Strategy WPP in Faster Growing Markets Region Market Billings1 % Share1 Rank1 12 month2 People2 $bn Revenue $bn ‘000 Asia Greater China3 4.8 32% 1 0.9 12.1 India 1.9 43% 1 0.4 8.9 Thailand 0.7 39% 1 0.1 1.5 LatAm Brazil4 2.2 26% 1 0.6 4.7 Mexico 0.4 21% 2 0.1 2.6 Argen

  42. Slide 42: 2010 Revenue by Discipline

    Key Priorities, Objectives and Strategy 2010 Revenue by Discipline $14.4bn $12.5bn 3.6 Consumer Insight Marketing Services Advertising Media 6.8 4 5.0 $7.2bn $6.5bn 3.5 2.7 3.4 4.1 2.3 2.5 $2.2bn $2.0bn 0.9 0.6 2.4 0.8 1.6 1.4 1.3 1.3 0.6 WPP Omnicom Publicis IPG Aegis Havas Source: 1 WPP reportable

  43. Slide 43: Quantitative Disciplines to be over One Half of Total Group

    Key Priorities, Objectives and Strategy Quantitative Disciplines to be over One Half of Total Group Today Today including Tomorrow Associates 47% 45% 49% 53% 55% 51% Consumer Insight and Direct, Digital & Interactive Advertising, Media Investment Management & Other Marketing Services 43

  44. Slide 44: The Digital Opportunity

    The Digital Opportunity Today - 17% of ad spend Growth in Global Ad Spend Key Areas of Client Focus 18.0% 16.0% • Search and display media, particularly 14.0% audience buying 12.0% 10.0% • Mobile for next 4 billion consumers 8.0% 6.0% • Social media – 25% of time on Facebook, 4.0% Twitter, blogs, et

  45. Slide 45: Delivering results

    Delivering results Today - 30% of WPP revenues WPP Share of Digital Revenue 35%- 40% ca.30% 21% 12% 2000 2006 2011 Target in 5 years 45

  46. Slide 46: Over a decade of digital investment

    Over a decade of digital investment Continuous and long-term development 1996-2005 2006-2008 2009-2011 • wpp.com established • WPP Digital launched • Launch of Possible (1996) • 24/7 Real Media acquisition Worldwide, Xaxis and • OgilvyOne, tenthavenue • Media Innovation Group Wunderman launched • Ac

  47. Slide 47: Strong competitive position

    Strong competitive position Global scale and quality 4.2 Digital Revenues in $billion – 2010 Full Year 2.3 2.0 1.0 0.4 0.4 WPP Omnicom Publicis IPG Havas Aegis ¹ Peer digital revenue $bn according to Ad Age %’s applied to FY US$ revenue. 47

  48. Slide 48: WPP's Digital Strategy

    WPP’s Digital Strategy  Digital in all our businesses Digital  Expand and develop our Global Digital Networks – G2, GroupM Search, Everywhere OgilvyOne, Possible Worldwide, Wunderman, VML  Possible Worldwide – global digital network launched Feb 2011 New  Xaxis – the most global audience-buying

  49. Slide 49: WPP's Global Digital Networks

    WPP’s Global Digital Networks Annual Revenues $’m 950 900 300 330 100 125 49

  50. Slide 50: WPP's Global Digital Networks: BRIC markets

    WPP’s Global Digital Networks Dominant position in BRIC markets Revenue $25m Russia ~300 people Revenue $20m Revenue $80m Revenue $54m India ~750 China ~1250 Brazil ~1200 50

  51. Slide 51: WPP has three digital leaders

    WPP’s Global Digital Networks WPP has three “digital leaders” • Key criteria for inclusion: - mentioned as a “top three competitor” by peers - covering at least 7 of 9 key service areas (digital strategy, web development, technology architecture and support, creative, email/CRM analytics, media plan

  52. Slide 52: Application of data and technology to media

    Application of data and technology to media Recognised leader in Audience Buying A history of firsts – the first…. • Agency acquisition of a major technology firm – 24/7 Real Media 2007 • Technology development firm focused on audience targeting and optimization – The Media Innovation Group • User-l

  53. Slide 53: Launch of Xaxis - Recognised leader in Audience Buying

    Application of data and technology to media Launch of Xaxis - Recognised leader in Audience Buying  Product: The only global audience buying solution; currently in 13 markets  Data: First agency trading desk to offer clients a complete data warehousing solution  Technology: Proprietary technology

  54. Slide 54: Innovation for the future: Mobile marketing

    Innovation for the future Mobile marketing to the next 4 billion consumers Specialist Resources Key Partnerships • Leading mobile marketing • Running Android and design agency competitions to promote mobile to clients • Operations in US, Germany, UK, China, Dubai • Mobile now element of joint client

  55. Slide 55: Innovation for the future: Social initiatives

    Innovation for the future Dedicated social initiatives for clients Specialist Resources Key Partnerships • Joint client development • Responsible for Obama campaign plans and workshops • 160 professionals working on • Major research projects campaigns for politics, commercial underway clients • Mill

  56. Slide 56: Investment focus on fast-growing sectors/markets

    Investment focus on fast-growing sectors/markets Acquisitions/investments since 1 January 2011 - Largest independent digital agency in Brazil with 200 people - Clients include Unilever, Campari, Itaú Unibanco, Vivo and NetShoes - Full-service US digital agency with strong technology credentials - Cl

  57. Slide 57: WPP Position in Direct, Digital and Interactive

    Key Priorities, Objectives & Strategy WPP Position in Direct, Digital and Interactive First Half 2011 $’m Direct, Digital and Interactive Networks 1,200 (OgilvyOne, Wunderman, G2 and WPP Digital) % of Group revenues 16% Specialist Direct, Digital and Interactive resources: - Consumer Insight 472 (Mi

  58. Slide 58: We Continue to Focus on Our Key Objectives

    Key Priorities, Objectives & Strategy We Continue to Focus on Our Key Objectives  Improving operating margins.  Increasing flexibility in the cost base.  Using free cash flow to enhance share owner value, and improve return on capital employed.  Developing the role of the parent company.  Empha

  59. Slide 59: Improving Operating Margins

    Key Priorities, Objectives & Strategy PBIT1 PBIT1 margin £’m Improving Operating Margins % 1,400 20% Full Year Objectives: 19% 1,200 Long-term 18.3% 1,229 18% 2012 14.2% 1,118 1,000 17% 2011 13.7% 1,017 928 16% 800 859 15.0% 15.0% 755 14.5% 15% 600 14.0% 14.3%² 11.0% 14% 13.2% 10.3% 518 400 455 13%

  60. Slide 60: Increasing Flexibility in The Cost Base

    Key Priorities, Objectives & Strategy Increasing Flexibility in The Cost Base Change in Variable Costs % 8 7.2 6.9 6.9 7 6.3 6 4.9 5 4 3 2 1 0 2007 H1 2008 H1 2009 H1 2010 H1 2011 H1 Variable Staff Costs as % of Revenue 60

  61. Slide 61: Using Free Cash Flow to Enhance Share Owner Value

    Key Priorities, Objectives & Strategy Using Free Cash Flow to Enhance Share Owner Value Distributions to Share Owners¹ £’m 600 6.6% Buy-backs Dividends declared 500 Dividends paid 400 4.8% 415 300 4.7% 3.6% 3.0% 2.6% 258 112 3.4% 46 200 9 98 152 2.0% 28 100 190 201 139 162 147 119 127 100 0 2005 200

  62. Slide 62: Dividend Payout Ratio

    Key Priorities, Objectives and Strategy Dividend Payout Ratio 60p 40.0% 35.0% 50p 30.0% 40p 25.0% 30p 20.0% 15.0% 20p 10.0% 10p 5.0% 0p 0.0% 2006 2007 2008 2009 2010 2010 H1 2011 H1 Headline Diluted EPS Dividend Declared/ Share Dividend Payout Ratio 62

  63. Slide 63: Acquisitions

    Key Priorities, Objectives and Strategy Acquisitions  Significant pipeline of reasonably priced small and medium sized potential acquisitions.  Continue to focus on the faster growing geographical areas and marketing services, particularly direct, digital & interactive and consumer insight.  So f

  64. Slide 64: Acquisitions and Investments – Year to Date

    Key Priorities, Objectives and Strategy Acquisitions and Investments – Year to Date Faster Growing Quantitative and Markets Digital Affectiva (USA)4 gkk (Germany)3 CBC II (CHINA)² Global Market Insite (USA)4 C&G (Philippines)4 F.BIZ (BRAZIL) Jumptap (USA)¹,² JWT China¹ GRINGO (BRAZIL) Lightstorm (US

  65. Slide 65: Other Acquisitions – Year to Date

    Key Priorities, Objectives and Strategy Other Acquisitions – Year to Date Advertising JMI (USA)3 Scholz & Friends(Germany)2 St. John & Partners (USA) Y&R FRANCE¹ Public Relations & Public Affairs CHIME (UK)1 QUILL (UK) ¹ Step-ups in investments, associates and subsidiaries’ equity 2 Division of Comm

  66. Slide 66: Improving the Creative Capabilities and Reputation

    Key Priorities, Objectives and Strategy Improving the Creative Capabilities and Reputation of all Our Businesses  By placing greater emphasis on recruitment.  By recognising creative success tangibly and intangibly.  By acquiring highly regarded creative businesses.  By placing greater emphasis

  67. Slide 67: Conclusions

    3 Conclusions WPP

  68. Slide 68: 2011 H1 Summary

    Conclusions 2011 H1 Summary  2011 started strongly, with the US and UK both showing like-for- like revenue growth over 5%.  Western Continental Europe delivered almost 3% like-for-like growth despite a difficult environment.  Faster growing markets of Asia Pacific and Latin America continue to ac

  69. Slide 69: Outlook

    Conclusions Outlook  While expectation is for US to slow, compensated by Western Continental Europe maintaining current low level of growth and Asia Pacific, Latin America and Central & Eastern Europe continuing fast growth.  Full year Q2 revised forecast indicates very similar like-for-like reven

  70. Slide 70: Conclusions

    Conclusions  The Group is well placed by region and discipline to benefit from industry trends.  The investment in digital tools and infrastructure will enable the Group to optimise client campaigns and build unique advantage for clients.  In Wunderman and OgilvyOne, WPP has the two leading globa

  71. Slide 71: 2011 Interim Results London

    2011 Interim Results London 71

WPP — H1 2011 Earnings Presentation on 6ix