Manpowergroup · NYSE:MAN
Manpowergroup — Investor Presentation (May 2026)
23 slides from Manpowergroup's investor presentation, May 2026
Slide 1: Investor Presentation May 2026
Investor Presentation May 2026
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 25K Over 75 Years of 2025 Annual revenues Employees Global Workforce Expertise For more than 75 years, we have addressed the complex workforce challenges organizations face, from contingent and permanent staffing to talent 500K Approximate number 70+ Countries and territories management, outsou
Slide 4: ManpowerGroup Strategic Highlights
ManpowerGroup Strategic Highlights Leveraging strong, geographically Reinforcing our global diversified, and differentiated leadership with consistent top brand portfolio to provide higher- rankings across talent solutions, value solutions and services, ESG, sustainability, and positioning ManpowerG
Slide 5: Our Strong and Distinct Brands
Our Strong and Distinct Brands 62% 22% 16% 2025 Total 2025 Total 2025 Total Gross Profit Gross Profit Gross Profit • A global leader in contingent staffing and • A global leader in IT Professional • Delivers integrated and data-driven permanent resourcing, providing Resourcing and IT Services, speci
Slide 6: Strength Through Geographic Diversification
Strength Through Geographic Diversification 2025 Segment Revenues 2025 Operating Unit Profit(1) Americas Americas $4.4B $143.1M 28% 24% Total 47% Southern Total Europe APME 11% $18.0B $8.4B $511.0M $2.0B APME 54% Southern 20% $101.0M Europe $275.9M 18% -2% Northern Europe Northern Europe -$9.0M $3.2
Slide 7: Forces Driving Evolving Client and Candidate Priorities
Forces Driving Evolving Client and Candidate Priorities Hybrid Super Teams Rather than existing in a traditional, hierarchical structure future teams will include a mix of human, machine, and freelance talent and jobs will be flexibly reconfigured with the unique strengths of people and AI in Hybrid
Slide 8: Secular Trends Providing More Opportunity Globally
Secular Trends Providing More Opportunity Globally 3.2% 3.1% 2.9% 2.3% 2.2% 2.2% 2.0% 2.0% Global Average 1.8% 1.6% 0.6% Netherlands UK Japan France Switzerland Belgium Germany Italy US Spain Peak penetration rates are generally exceeded in subsequent economic cycles. Favorable workforce trends are
Slide 9: Strategic Transformation to Win in Any Environment
Strategic Transformation to Win in Any Environment Operating on a Cost & Portfolio AI-Powered Modernized Infrastructure Transformation Growth • Multi-year initiative to create • Unveiled global cost • Embedding automation and AI unified tech stack, enabling us to optimization plan expected to to sim
Slide 10: Integrated HR tech stack: Predict, Develop, Connect, Manage
ManpowerGroup‘s integrated HR tech stack provides competitive advantage with the rapid deployment of best-in- Predict: Connect: class technology together with deep Help people understand Superior candidate and broad workforce expertise. their potential and experience to attract anticipate an organiz
Slide 11: Transformation Expected to Deliver $200 million of Savings
Transformation Expected to Deliver $200 million of Savings $200 200 Joining Leading Front and Back Office Technology With Best End-to-End Processes to Net Investment Period Drive Superior Growth and Efficiency 150 $150 Back Office Savings ($M) 100 ~80% of revenues now on our leading PowerSuite Back
Slide 12: Unlocking AI as a Growth Multiplier
Unlocking AI as a Growth Multiplier Three areas where AI is already driving measurable value 1 2 3 COMMERCIAL POTENTIAL TALENT EXPERIENCE MONETIZATION AI-Powered Sales AI Screening via SoundHound Partnership & Targeting Engine Hubert / PowerSuite EXCELERATE AI Pinpoints highest-probability opportuni
Slide 13: Financial Update
Financial Update
Slide 14: Historical Trends
Historical Trends Revenue 30 % = Variance in constant currency 30.0% 25 +2.5% • Experiencing a challenging 20.0% YOY Growth in CC% +6.0% +12.1% +4.1% -0.9% +4.9% environment across Europe Dollars in Billions -13.9% -4.0% -3.4% -2.1% 20 10.0% 15 0.0% and North America since 10 -10.0% 2023 5 -20.0% 19
Slide 15: Balance Sheet March 31, 2026
Balance Sheet March 31, 2026 ($ in millions) Cash Accounts Receivable Other Assets Assets Solid balance sheet 8,391 • Cash of $225M 225 4,628 3,538 • Total debt-to-total capitalization at 36% Other Liabilities Total Debt Equity Liabilities & Equity • Debt-to-EBITDA As Adjusted* of 8,391 2.86x 5,179
Slide 16: Free Cash Flow
Free Cash Flow ($ in millions) 900 Liquidated more receivables than replenished with lower payroll liabilities during COVID 700 Benefits of CICE sales + new France subsidies in same year 500 300 100 543 346 418 762 886 581 348 270 258 -100 Reflects payables timing and temporary UK -161 working capit
Slide 17: Returning Cash to Shareholders
Returning Cash to Shareholders ($ in millions, except share and per share amounts) Dividends Share Repurchases 160 600 $2.94 $3.08 $2.52 $2.72 140 $2.18 $2.02 $2.26 500 120 400 100 80 $1.44 $1.44 300 60 200 40 100 20 37 127 129 129 137 140 144 146 67 67 501 203 265 210 270 180 140 - 0 0 2018 2019 20
Slide 18: Return on Invested Capital (ROIC)
Return on Invested Capital* (ROIC) 22% 20% 18% 16% 14% 12% 10% Estimated WACC 8% 6% 4% 2% 16.7% 20.8% 19.4% 16.6% 9.8% 18.5% 16.0% 11.1% 8.9% 5.4% 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 • Capital efficiency metric has been included in global management annual incentive plans for over 2
Slide 19: 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 20: Appendix
Appendix
Slide 21: Financial Summary
Financial Summary Q1 Financial Highlights, As Adjusted(1) 10% (2) 3% CC Revenue $4.5B (Systemwide $5.0B) (1) Excludes the impact of restructuring costs and strategic transformation program costs of $26.0M ($21.5M net of tax). Prior year period excludes the impact of restructuring costs and other ite
Slide 22: Financial Summary
Financial Summary % of Segment Average Daily Revenue Revenue Trend - CC ManpowerGroup | Investor Presentation May 2026 | 22
Slide 23: ManpowerGroup 2026 First Quarter Results
ManpowerGroup 2026 First Other 5% Information Technology Quarter Results Communication Services 5% 11% Transport & Logistics Industry Vertical Composition 6% Healthcare & Life Sciences Based on Revenues – Q1 2026 9% Public Sector Consumer Goods & 6% Services 17% Finance & Real Estate 6% Energy 2% Ut