Slide 1: Manpower Inc. 2006 3rd Quarter Results
Manpower Inc. 2006 3 rd Quarter Results Now Next October 17, 2006 Exhibit 99.2
Slide 2: Forward Looking Statement
2 Manpower Inc. 2006 3 rd Quarter Results Forward Looking Statement This presentation includes forward-looking statements which are subject to risks and uncertainties. Actual results might differ materially from those projected in the forward-looking statements. Forward-looking statements can be ide
Slide 3: Consolidated Financial Highlights
3 Manpower Inc. 2006 3 rd Quarter Results Consolidated Financial Highlights Operating Profit $169M OP Margin 29% CC $4.6B Gross Margin EPS $1.16 9% CC 10 bps 40 bps 24% CC Q3 Highlights Throughout this presentation, the difference between reported variances and Constant Currency (CC) variances repre
Slide 4: Consolidated Gross Profit Margin Change
4 Manpower Inc. 2006 3 rd Quarter Results 18.18% 18.25% Q3 2005 Temporary Recruitment Permanent Recruitment Mix - Specialty Q3 2006 - + 0.25% + 0.12% Consolidated Gross Profit Margin Change
Slide 5: United States Segment
5 Manpower Inc. 2006 3 rd Quarter Results United States Segment Q3 Financial Highlights OUP Margin 100 bps $542M OUP $29M Operating Unit Profit (OUP) is the measure that we use to evaluate segment performance. OUP is equal to segment revenues less direct costs and branch and national headquarters op
Slide 6: France Segment
6 Manpower Inc. 2006 3 rd Quarter Results contemporary working France Segment Q3 Financial Highlights OUP Margin $1.7B OUP $62M 7% CC 30 bps 17% CC
Slide 7: EMEA Segment
7 Manpower Inc. 2006 3 rd Quarter Results EMEA Segment contemporary working Q3 Financial Highlights OUP Margin $1.7B OUP $71M 14% CC 100 bps 47% CC
Slide 8: EMEA – Q3 Revenue Growth YoY
8 Manpower Inc. 2006 3 rd Quarter Results 13% 21% 31% 26% 21% 25% 8% 8% 16% 25% 21% 30% 26% 13% 4% -1% Other Netherlands Spain Germany Elan UK - Manpower Italy Nordics EMEA – Q3 Revenue Growth YoY Revenue Growth - CC Revenue Growth % of Segment
Slide 9: Jefferson Wells Segment
9 Manpower Inc. 2006 3 rd Quarter Results Jefferson Wells Segment contemporary working Q3 Financial Highlights OUP Margin $94M OUP $10M 50 bps
Slide 10: Right Management Segment
10 Manpower Inc. 2006 3 rd Quarter Results Right Management Segment contemporary working Q3 Financial Highlights OUP Margin $91M OUP $2M 7% CC 20 bps 17% CC
Slide 11: Other Operations Segment
11 Manpower Inc. 2006 3 rd Quarter Results Other Operations Segment contemporary working Q3 Financial Highlights OUP Margin $595M OUP $17M 13% CC 30 bps 3% CC
Slide 12: Other Operations – Q3 Revenue Growth YoY
12 Manpower Inc. 2006 3 rd Quarter Results 30% 29% 2% 23% 3% 20% -1% Other Australia/NZ Mexico Japan Other Operations – Q3 Revenue Growth YoY Revenue Growth - CC Revenue Growth % of Segment
Slide 13: Financial Highlights
13 Manpower Inc. 2006 3 rd Quarter Results Financial Highlights
Slide 14: Balance Sheet Highlights
14 Manpower Inc. 2006 3 rd Quarter Results 416 370 280 303 842 902 735 788 39% 29% 26% 26% 1,000 1,200 2003 2004 2005 Q3 2006 2003 2004 2005 Q3 2006 Total Debt Net Debt Balance Sheet Highlights Total Debt ($ in millions) Total Debt to Total Capitalization
Slide 15: Cash Flow Summary – Nine Months
15 Manpower Inc. 2006 3 rd Quarter Results * 4,000,000 shares in 2006 and 5,000,000 shares in 2005 Proceeds from Sale of Business Cash Flow Summary – Nine Months 2006 2005 Cash from Operations Capital Expenditures (47) (56) Free Cash Flow Share Repurchases * (236) (204) Change in Debt (1) Other (58)
Slide 16: Fourth Quarter Outlook
16 Manpower Inc. 2006 3 rd Quarter Results Up 17-19% Fourth Quarter Outlook U.S. Up 1-3% France Up 13-15% (Up 7-9% CC) EMEA (Up 11-13% CC) Jefferson Wells Right Up/Down 1% (Down 2-4% CC) Other Up 11-13% (Up 13-15% CC) Total Up 12-14% (Up 8-10% CC) Gross Profit Margin 18.4 - Operating Profit Margin 3
Slide 17: Questions?
2006 rd Quarter Results Questions? Answers October 17, 2006 * *