PageGroup PLC · LSE:PAGE
PageGroup — Q4 2013 Earnings Presentation
15 slides from PageGroup's earnings presentation, Jan 14, 2014
Slide 1: Fourth Quarter and Full Year Trading Update
PageGroup First Quarter Interim Management Statement | 1 Fourth Quarter and Full Year Trading Update 14 January 2014
Slide 2: Group Gross Profit up year-on-year
PageGroup Fourth Quarter and Full Year Trading Update | 2 Group Gross Profit up year-on-year Growth Rates GROUP GROSS PROFIT £m £m Reported Constant Q4 2013 vs Q4 2012 125.0 126.5 -1.2% +0.3% FY 2013 vs FY 2012 513.9 526.9 -2.5% -2.7% • Gross profit up +0.3% against 2012 in constant currency • Focus
Slide 3: Year-on-year growth in temp activity
PageGroup Fourth Quarter and Full Year Trading Update | 3 Group Year-on-year growth in temp activity Q4 2013 Q4 2012 Growth Rates PERM/TEMP GROSS PROFIT £m £m Reported Constant Permanent 93.6 96.4 -2.9% -1.1% Temporary 31.4 30.1 +4.3% +4.5% Ratio (Perm:Temp) 75:25 76:24 FY 2013 FY 2012 Growth Rates
Slide 4: Increase in headcount reflecting more positive outlook
PageGroup Fourth Quarter and Full Year Trading Update | 4 Group Increase in headcount reflecting more positive outlook GROUP QUARTERLY HEADCOUNT AND GROSS PROFIT
Slide 5: Creating greater opportunity for future growth
PageGroup Fourth Quarter and Full Year Trading Update | 5 Group Creating greater opportunity for future growth Q4 Q4 Q4 2013 2013 2012 Growth Rates GROSS PROFIT Proportion £m £m Reported Constant Finance & Accounting 42% 52.2 53.1 -1.8% -0.5% Legal, Technology, HR, 20% 25.6 26.5 -3.5% -1.3% Secretar
Slide 6: Growth in UK, Asia and Americas, significant improvement in EMEA
PageGroup Fourth Quarter and Full Year Trading Update | 6 Group Growth in UK, Asia and Americas, significant improvement in EMEA Q4 Q4 Q4 2013 2013 2012 Growth Rates GROSS PROFIT Proportion £m £m Reported Constant EMEA 42% 52.0 51.4 +1.1% -1.4% UK 25% 31.8 30.2 +5.1% +5.1% Asia Pacific 19% 24.2 27.9
Slide 7: Year-on-year growth in countries, countries had record years
PageGroup Fourth Quarter and Full Year Trading Update | 7 Group Year-on-year growth in 20 countries, 13 countries had record years FY FY FY 2013 2013 2012 Growth Rates GROSS PROFIT Proportion £m £m Reported Constant EMEA 40% 207.7 218.4 -4.9% -8.2% UK 24% 124.1 121.4 +2.2% +2.2% Asia Pacific 21% 105
Slide 8: Positive Gross Profit growth at Group level returns
PageGroup Fourth Quarter and Full Year Trading Update | 8 Group Positive Gross Profit growth at Group level returns 2012 vs 2011 2013 vs 2012 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 EMEA +10.1% -2.5% -7.2% -10.9% -15.0% -8.2% -7.1% -1.4% UK -3.7% -9.2% -10.9% -2.1% -1.2% +0.3% +5.0% +5.1% Asia Pacific +17.8% +11.2%
Slide 9: EMEA: Significant improvement in growth rate
PageGroup Fourth Quarter and Full Year Trading Update | 9 EMEA Significant improvement in growth rate Growth Rates EMEA GROSS PROFIT £m £m Reported Constant Q4 2013 vs Q4 2012 52.0 51.4 +1.1% -1.4% Headcount up 36 (+1.9%) at 1,886 (Q3 2013: 1,850) • France (15% of the Group) -2% on Q4 2012 (-7% in Q
Slide 10: United Kingdom: Increased market confidence
PageGroup Fourth Quarter and Full Year Trading Update | 10 United Kingdom Increased market confidence Growth UK GROSS PROFIT £m £m Rates Q4 2013 vs Q4 2012 31.8 30.2 +5.1% Headcount up 16 (+1.2%) to 1,319 (Q3 2013: 1,303) • Private sector (87% of UK business) up 4% on Q4 2012 • Public sector (13% of
Slide 11: Asia Pacific: Difficult conditions in Australia impacting performance
PageGroup Fourth Quarter and Full Year Trading Update | 11 Asia Pacific Difficult conditions in Australia impacting region’s performance Growth Rates ASIA PACIFIC GROSS PROFIT £m £m Reported Constant Q4 2013 vs Q4 2012 24.2 27.9 -13.1% -5.7% Headcount down 15 (-1.3%) to 1,111 (Q3 2013: 1,126) • Asia
Slide 12: Americas: US and Mexico driving growth
PageGroup Fourth Quarter and Full Year Trading Update | 12 Americas US and Mexico driving growth Growth Rates AMERICAS GROSS PROFIT £m £m Reported Constant Q4 2013 vs Q4 2012 17.0 17.0 +0.2% +6.7% Headcount up 22 (+2.8%) to 814 (Q3 2013: 792) • Latin America (8% of the Group) -5% on Q4 2012 • Diffic
Slide 13: Financials: Strong financial position
PageGroup Fourth Quarter and Full Year Trading Update | 13 Financials Strong financial position • Strong net cash at 31 December 2013 in the region of £80m (+£19m on December 2012) • Interim dividend of 3.25p per share paid on 4 October (£10.1m) • 321m shares outstanding at 31 December 2013 (of whic
Slide 14: Cautionary Statement
PageGroup Fourth Quarter and Full Year Trading Update | 14 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 count
Slide 15: PageGroup First Quarter Interim Management Statement | 15
PageGroup First Quarter Interim Management Statement | 15