Slide 1: 2Q Fiscal 2015 Earnings Call Webcast
2Q Fiscal 2015 Earnings Call Webcast February 4, 2015
Slide 2: Forward Looking Statements
2Q 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 • Laser focus on HCM • Solid execution across our portfolio • Leveraging our robust offerings and insightful expertise to further our position in the HCM market © 2011-2015 ADP, LLC. Proprietary and Confidential.
Slide 4: Financial Highlights
2Q Fiscal 2015 Financial Highlights Revenue in Billions Pretax Earnings from Diluted Earnings Per Share from $ (unaudited) $ $ Continuing Operations (unaudited) $ $ Continuing Operations (unaudited) $0.70 $2.7 B 7% growth, $2.5 B $0.65 8% growth nearly all organic $0.50 B Impacted one cent $0.46 B 8
Slide 5: New Business Bookings and Reportable Segment Results
2Q Fiscal 2015 New Business Bookings and Reportable Segment Results Worldwide New Business ES Employer Services PEO PEO Services Bookings • 15% representing • Revenues 4%, nearly all organic, • Revenues 18%, all organic annualized recurring revenues negatively impacted two percentage points •
Slide 6: Total ADP FY15 Forecast
Fiscal 2015 Outlook Total ADP FY15 Forecast All amounts refer to continuing operations Revenues 7-8% from $10.3 billion in fiscal 2014 Pretax Margin 75-100 basis points from 18.4% in fiscal 2014 Effective Tax Rate Increase to 34.2% from 33.9% in fiscal 2014 Diluted Earnings per Share 12-14%
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 15-17% sold in fiscal 2014 • Pretax margin ~100 basis points • Pretax margin up to 100 basis poi
Slide 8: Question & Answer
Some kind of logo slide here? Question & Answer © 2011-2014 ADP, LLC. Proprietary and Confidential.
Slide 9: Total ADP Guidance History
Fiscal 2015 Outlook – Appendix Total ADP Guidance History 2/4/15 Forecast 10/29/14 Forecast 7/31/14 Forecast Total ADP Revenues 7% - 8% 7% - 8% 7% - 8% Pretax Margin 75-100 bp from 18.4% in FY14 75 – 100 bp from 18.4% in FY14 75 – 100 bp from 18.4% in FY14 Increase to 34.2% from 33.9%
Slide 10: Client Funds Portfolio Extended Investment Strategy
Fiscal 2015 Outlook - Appendix Client Funds Portfolio Extended Investment Strategy FY15 Forecast Average Client Funds Average Yield • Average Client Funds Balances 5-7% from Balance Interest $20.7 billion in FY14 Client Short $4.0B x ~0.3% = ~$10M • Yield on the Client Funds Portfolio decreases up