PageGroup PLC · LSE:PAGE
PageGroup — Q1 2013 Earnings Presentation
18 slides from PageGroup's earnings presentation, Apr 16, 2013
Slide 1: First Quarter Interim Management Statement
PageGroup First Quarter Interim Management Statement | 1 First Quarter Interim Management Statement 16 April 2013
Slide 2: Group: Conditions tough but stable – strong focus on costs
PageGroup First Quarter 2013 Interim Management Statement | 2 Group “Conditions tough but stable – strong focus on costs” Growth Rates GROUP GROSS PROFIT £m £m Reported Constant Q1 2013 vs Q1 2012 126.8 135.9 -6.7% -6.7% Q1 2013 vs Q4 2012 126.8 126.5 +0.2% -2.8% Q1 2013 Q1 2012 Growth Rates PERM/TE
Slide 3: Group: Headcount reflects market conditions and focus on operating costs
PageGroup First Quarter 2013 Interim Management Statement | 3 Group “Headcount reflects market conditions and focus on operating costs” GROUP QUARTERLY HEADCOUNT AND GROSS PROFIT • Focus on costs to improve operating performance; operational support decreased by 64, fee earners increased by 7 – Head
Slide 4: Group: Discipline diversity helping overall performance
PageGroup First Quarter 2013 Interim Management Statement | 4 Group “Discipline diversity helping overall performance” Q1 Q1 Q1 2013 2013 2012 Growth Rates GROSS PROFIT Proportion £m £m Reported Constant Finance & Accounting 42% 53.2 57.1 -6.9% -7.0% Legal, Technology, HR, 20% 25.4 27.3 -7.0% -6.7%
Slide 5: Group: Year-on-year growth in countries, sequential growth in 14 LFL
PageGroup First Quarter 2013 Interim Management Statement | 5 Group “Year-on-year growth in 18 countries, sequential growth in 14 LFL” Q1 Q1 Q1 2013 2013 2012 Growth Rates GROSS PROFIT Proportion £m £m Reported Constant EMEA 41% 52.0 60.3 -13.8% -15.1% UK 24% 30.2 30.6 -1.2% -1.2% Asia Pacific 20% 2
Slide 6: Group: Year-on-year quarterly growth rates improving in UK & Americas
PageGroup First Quarter 2013 Interim Management Statement | 6 Group “Year-on-year quarterly growth rates improving in UK & Americas” 2012 vs 2011 2013 vs 2012 Q1 Q2 Q3 Q4 Q1 EMEA +10.1% -2.5% -7.2% -10.9% -15.1% UK -3.7% -9.2% -10.9% -2.1% -1.2% Asia Pacific +17.8% +11.2% +2.6% +10.1% -0.3% Americas
Slide 7: EMEA: permanent recruitment impacted by lack of confidence
PageGroup First Quarter 2013 Interim Management Statement | 7 EMEA “EMEA permanent recruitment impacted by lack of confidence” Growth Rates EMEA GROSS PROFIT £m £m Reported Constant Q1 2013 vs Q1 2012 52.0 60.3 -13.8% -15.1% Q1 2013 vs Q4 2012 52.0 51.4 +1.1% -3.8% Headcount down 76 (-3.7%) at 1,964
Slide 8: EMEA: Headcount reacting to gross profit performance
PageGroup First Quarter 2013 Interim Management Statement | 8 “Headcount reacting to gross profit performance and focus on operating EMEA costs” EMEA QUARTERLY HEADCOUNT AND GROSS PROFIT
Slide 9: United Kingdom: Resilient and profitable performance
PageGroup First Quarter 2013 Interim Management Statement | 9 United Kingdom “Resilient and profitable performance” Growth UK GROSS PROFIT £m £m Rates Q1 2013 vs Q1 2012 30.2 30.6 -1.2% Q1 2013 vs Q4 2012 30.2 30.2 -0.1% Headcount up 24 (+1.9%) to 1,261 (Q4 2012: 1,237) • Private sector (88% of UK b
Slide 10: United Kingdom: Headcount added in newer disciplines
PageGroup First Quarter 2013 Interim Management Statement | 10 United Kingdom “Headcount added in newer disciplines” UK QUARTERLY HEADCOUNT AND GROSS PROFIT
Slide 11: Asia Pacific: Australia becoming more challenging
PageGroup First Quarter 2013 Interim Management Statement | 11 Asia Pacific “Australia becoming more challenging” Growth Rates ASIA PACIFIC GROSS PROFIT £m £m Reported Constant Q1 2013 vs Q1 2012 26.1 26.3 -0.7% -0.3% Q1 2013 vs Q4 2012 26.1 27.9 -6.3% -8.0% Headcount up 35 (+3.4%) to 1,071 (Q4 2012
Slide 12: Asia Pacific: Q1 historically weakest quarter
PageGroup First Quarter 2013 Interim Management Statement | 12 Asia Pacific “Q1 historically weakest quarter” ASIA PACIFIC QUARTERLY HEADCOUNT AND GROSS PROFIT
Slide 13: Americas: North America showing signs of improvement
PageGroup First Quarter 2013 Interim Management Statement | 13 Americas “North America showing signs of improvement” Growth Rates AMERICAS GROSS PROFIT £m £m Reported Constant Q1 2013 vs Q1 2012 18.5 18.7 -1.4% +2.2% Q1 2013 vs Q4 2012 18.5 17.0 +8.7% +3.5% Headcount down 40 (-5.1%) to 746 (Q4 2012:
Slide 14: Americas: Stronger first quarter
PageGroup First Quarter 2013 Interim Management Statement | 14 Americas “Stronger first quarter” AMERICAS QUARTERLY HEADCOUNT AND GROSS PROFIT
Slide 15: Financials: Strong financial position
PageGroup First Quarter 2013 Interim Management Statement | 15 Financials “Strong financial position” • Strong net cash at 31 March 2013 in the region of £56m • Proposed 2012 final dividend of 6.75p per share to be paid on 21 June • 319m shares outstanding at 31 March 2013 (of which 12m are held in
Slide 16: Financials: Delivering long-term profitable growth
PageGroup First Quarter 2013 Interim Management Statement | 16 Financials “Delivering long-term profitable growth” • A robust first quarter • Reductions in our operating cost base • Continuing to invest for growth in key markets • Delivering long-term profitable growth for shareholders
Slide 17: Cautionary Statement
PageGroup First Quarter 2013 Interim Management Statement | 17 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 18: PageGroup First Quarter Interim Management Statement | 18
PageGroup First Quarter Interim Management Statement | 18