Slide 1: 3Q Fiscal 2015 ADP Earnings Call & Webcast
3Q Fiscal 2015 ADP Earnings Call & Webcast April 30, 2015 © 2011-2014 ADP, LLC. Proprietary and Confidential.
Slide 2: Forward Looking Statements
3Q Fiscal 2015 Earnings Call Webcast FORWARD LOOKING STATEMENTS This document and other written or oral statements made from time to time by ADP may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in
Slide 3: CEO's Perspective
CEO’s Perspective • Delivered solid quarterly results despite increasing FX translation pressure • Continued focus on execution across all pillars of HCM strategy • Favorable market response to progress © 2015 ADP, LLC. Proprietary and Confidential. 3
Slide 4: Financial Highlights
3Q Fiscal 2015 Financial Highlights Revenue in Billions $ Pretax Earnings from $ Diluted Earnings Per Share from $ (unaudited) $ Continuing Operations (unaudited) $ Continuing Operations (unaudited) $1.04 $0.74 B $3.0 B 12% growth 16% growth $2.8 B 7% growth $0.66 B $0.90 Impacted two Impacted two c
Slide 5: New Business Bookings and Reportable Segment Results
3Q Fiscal 2015 New Business Bookings and Reportable Segment Results Worldwide New Business ES Employer Services PEO PEO Services Bookings • 6% representing annualized • Revenues 5% impacted three • Revenues 15% recurring revenues anticipated percentage points from unfavorable • Average worksit
Slide 6: Total ADP
Fiscal 2015 Outlook Total ADP All amounts refer to continuing operations FY15 Forecast Revenues ~7% from $10.3 billion in fiscal 2014 Pretax Margin At least 75 basis points from 18.4% in fiscal 2014 Effective Tax Rate Decrease to 33.7% from 33.9% in fiscal 2014 Diluted Earnings per Share ~14
Slide 7: New Business Bookings and Reportable Segments
Fiscal 2015 Outlook New Business Bookings and Reportable Segments Worldwide New Business ES Employer Services PEO PEO Services Bookings • ~10% compared to $1.4 billion • Revenues ~5% • Revenues ~16% sold in fiscal 2014 • Pretax margin ~125 basis points • Pretax margin ~100 basis points • U
Slide 8: CEO's Perspective
CEO’s Perspective • Laser focus on HCM • Solid execution across our portfolio • Leveraging our robust offerings and insightful expertise to further our position in the HCM market © 2015 ADP, LLC. Proprietary and Confidential.
Slide 9: Total ADP Guidance History
Fiscal 2015 Outlook – Appendix Total ADP Guidance History 4/30/15 Forecast 2/4/15 Forecast 10/29/14 Forecast 7/31/14 Forecast Total ADP Revenues ~7% 7% - 8% 7% - 8% 7% - 8% At least 75 bps from 18.4% in Pretax Margin 75-100 bps from 18.4% in FY14 75 – 100 bps from 18.4% in FY14 75 –
Slide 10: Client Funds Portfolio Extended Investment Strategy
Fiscal 2015 Outlook - Appendix Client Funds Portfolio Extended Investment Strategy FY15 Forecast • Average Client Funds Balances ~5% from Average Average Yield Client Funds Balance Interest $20.7 billion in FY14, compared to prior forecast of 5%-7% Client Short ~$4.2B x ~0.2% = ~$10M • Yield on