PageGroup PLC · LSE:PAGE
PageGroup — Michael Page International — Q3 2009 Earnings Presentation
13 slides from PageGroup's earnings presentation, Oct 7, 2009
Slide 1: Third Quarter Trading Update 2009
Third Quarter Trading Update 2009 7th October 2009 Specialists in Global Recruitment www.michaelpage.co.uk
Slide 2: Group Gross Profit
MICHAEL PAGE INTERNATIONAL THIRD QUARTER TRADING UPDATE 2009 | 2 Group Gross Profit Growth Rates Constant £m £m Reported currency Q3 2009 vs Q3 2008 82.2 141.3 -41.8% -45.3% Q3 2009 vs Q2 2009 82.2 83.8 -1.9% -0.7% Headcount down 158 (-4.3%) at 3,544 (Q2 2009: 3,702) Q3 operating profit from trading
Slide 3: Group Quarterly Revenue 2001-2009
MICHAEL PAGE INTERNATIONAL THIRD QUARTER TRADING UPDATE 2009 | 3 Group Quarterly Revenue 2001-2009 200 152.4 141.3 140.3 150 128.2 123.4 121.0 118.7 Gross Profit (£m) 105.5 95.0 93.1 100 89.1 87.4 83.8 82.2 79.2 70.2 69.2 69.6 68.3 66.9 59.9 58.7 56.7 53.5 52.3 51.4 49.9 49.5 48.1 47.8 45.7 45.0 45.
Slide 4: EMEA Gross Profit
MICHAEL PAGE INTERNATIONAL THIRD QUARTER TRADING UPDATE 2009 | 4 EMEA Gross Profit Growth Rates Constant £m £m Reported currency Q3 2009 vs Q3 2008 35.7 63.6 -44.0% -49.0% Q3 2009 vs Q2 2009 35.7 38.2 -6.6% -4.7% Headcount down 71 (-4.2%) at 1,609 (Q2 2009: 1,680) At constant rates of exchange Franc
Slide 5: EMEA Quarterly Revenue 2007-2009
MICHAEL PAGE INTERNATIONAL THIRD QUARTER TRADING UPDATE 2009 | 5 EMEA Quarterly Revenue 2007-2009 80 70.2 65.2 70 63.6 59.7 57.6 60 48.4 48.5 47.7 Gross Profit (£m) 50 42.0 38.2 35.7 40 30 20 10 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2007 2008 2009 Specialists in Global Recruitment www.michaelpage.co.uk
Slide 6: UK Gross Profit
MICHAEL PAGE INTERNATIONAL THIRD QUARTER TRADING UPDATE 2009 | 6 UK Gross Profit Growth Rates £m £m Reported Q3 2009 vs Q3 2008 27.3 45.0 -39.4% Q3 2009 vs Q2 2009 27.3 28.1 -3.0% Headcount down 41 (-3.4%) at 1,179 (Q2 2009: 1,220) Finance and Accounting (17% of the Group) was lower by 36% against Q
Slide 7: UK Quarterly Revenue 2007-2009
MICHAEL PAGE INTERNATIONAL THIRD QUARTER TRADING UPDATE 2009 | 7 UK Quarterly Revenue 2007-2009 48.5 49.0 47.9 47.1 50 45.0 45.0 44.1 40 36.2 29.0 Gross Profit (£m) 28.1 27.3 30 20 10 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2007 2008 2009 Specialists in Global Recruitment www.michaelpage.co.uk
Slide 8: Asia Pacific Gross Profit
MICHAEL PAGE INTERNATIONAL THIRD QUARTER TRADING UPDATE 2009 | 8 Asia Pacific Gross Profit Growth Rates Constant £m £m Reported currency Q3 2009 vs Q3 2008 10.8 18.4 -41.4% -48.5% Q3 2009 vs Q2 2009 10.8 9.7 +10.8% +10.0% Headcount down 28 (-6.6%) at 398 (Q2 2009: 426) At constant rates of exchange
Slide 9: Asia Pacific Quarterly Revenue 2007-2009
MICHAEL PAGE INTERNATIONAL THIRD QUARTER TRADING UPDATE 2009 | 9 Asia Pacific Quarterly Revenue 2007-2009 19.6 20 18.4 16.4 15.5 14.8 14.7 15 12.4 12.2 Gross Profit (£m) 10.8 9.7 9.4 10 5 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2007 2008 2009 Specialists in Global Recruitment www.michaelpage.co.uk
Slide 10: Americas Gross Profit
MICHAEL PAGE INTERNATIONAL THIRD QUARTER TRADING UPDATE 2009 | 10 Americas Gross Profit Growth Rates Constant £m £m Reported currency Q3 2009 vs Q3 2008 8.5 14.3 -40.4% -43.4% Q3 2009 vs Q2 2009 8.5 7.8 +9.2% +15.1% Headcount down 18 (-4.8%) at 358 (Q2 2009: 376) At constant rates of exchange Brazil
Slide 11: Americas Quarterly Revenue 2007-2009
MICHAEL PAGE INTERNATIONAL THIRD QUARTER TRADING UPDATE 2009 | 11 Americas Quarterly Revenue 2007-2009 14.3 14.1 15 11.6 12 10.7 10.6 10.5 9.9 9.0 8.5 Gross Profit (£m) 9 7.8 7.2 6 3 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2007 2008 2009 Specialists in Global Recruitment www.michaelpage.co.uk
Slide 12: Perm/Temp Gross Profit
MICHAEL PAGE INTERNATIONAL THIRD QUARTER TRADING UPDATE 2009 | 12 Perm/Temp Gross Profit Growth Rates Constant Q3 2009 vs Q3 2008 £m £m Reported currency Permanent 58.8 109.3 -46.2% -49.6% Temporary 23.4 32.0 -26.8% -30.5% Ratio (Perm:Temp) 71:29 77:23 Growth Rates Constant Q3 2009 vs Q2 2009 £m £m
Slide 13: Questions?
Third Quarter Trading Update 2009 Questions? Specialists in Global Recruitment www.michaelpage.co.uk
Michael Page International — Q3 2009 Earnings Presentation on 6ix