PageGroup PLC · LSE:PAGE
PageGroup — Q3 2014 Earnings Presentation
15 slides from PageGroup's earnings presentation, Oct 14, 2014
Slide 1: Third Quarter 2014 Interim Management Statement
Third Quarter 2014 Interim Management Statement 14 OCT 2014
Slide 2: Trading performance Group
PageGroup Third Quarter 2014 Interim Management Statement | 2 Trading performance Group Page Group Reported Constant Year-on-Year Gross Profit £m £m % % Q3 2014 vs Q3 2013 132.9 126.9 +4.7% +11.6% Q3 2014 vs Q2 2014 132.9 137.1 -3.1% -2.2% • Gross profit up 11.6% vs Q3 2013 in constant currency • In
Slide 3: Permanent vs Temporary
PageGroup Third Quarter 2014 Interim Management Statement | 3 Permanent vs Temporary Group Perm/Temp Reported (£m) Constant Year-on-Year Gross Profit Q3 2014 Q3 2013 % % Permanent 101.4 96.1 +5.5% +12.7% Temporary 31.5 30.8 +2.4% +8.0% Ratio (Perm:Temp) 76:24 76:24
Slide 4: Group headcount and reported gross profit
PageGroup Third Quarter 2014 Interim Management Statement | 4 Group headcount and reported gross profit Group • Total headcount increased by 3% during Q3 to 5,502 (Q2 2014: 5,337)
Slide 5: Discipline overview
PageGroup Third Quarter 2014 Interim Management Statement | 5 Discipline overview Group Reported (£m) Constant Year-on-Year Gross Profit % of Group Q3 2014 Q3 2013 % % Finance & Accounting 40% 53.3 52.7 +1.2% +7.6% Legal, Technology, HR, Secretarial and Healthcare 21% 27.3 25.9 +5.4% +12.6% Engineer
Slide 6: Regional overview
PageGroup Third Quarter 2014 Interim Management Statement | 6 Regional overview Group Reported (£m) Constant Year-on-Year Gross Profit % of Group Q3 2014 Q3 2013 % % EMEA 37% 49.6 48.5 +2.3% +11.2% UK 27% 35.3 31.1 +13.7% +13.7% Asia Pacific 21% 28.0 27.2 +2.9% +11.1% Americas 15% 20.0 20.1 -0.8% +9
Slide 7: Year-on-Year Gross Profit growth rates
PageGroup Third Quarter 2014 Interim Management Statement | 7 Year-on-Year Gross Profit growth rates Group 2013 2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 EMEA -15.0% -8.2% -7.1% -1.4% +5.7% +5.1% +11.2% UK -1.2% +0.3% +5.0% +5.1% +8.1% +11.1% +13.7% Asia Pacific -0.3% -8.0% -4.3% -5.7% +1.3% +14.2% +11.1% - Asia +1
Slide 8: EMEA Region
PageGroup Third Quarter 2014 Interim Management Statement | 8 EMEA Region EMEA Gross Profit (£m) Growth Rates (37% of Group) Reported Constant Q3 2014 vs Q3 2013 49.6 48.5 +2.3% +11.2% Q3 2014 vs Q2 2014 49.6 54.8 -9.4% -7.0% • France (12% of Group) +7% • Page Personnel (Temp/Perm < €40,000) 67% of
Slide 9: UK Region
PageGroup Third Quarter 2014 Interim Management Statement | 9 UK Region UK Gross Profit (£m) Growth Rates (27% of Group) Q3 2014 vs Q3 2013 35.3 31.1 +13.7% Q3 2014 vs Q2 2014 35.3 34.8 +1.4% • Best quarter since Q4 2008 • Strong performances include HR, Finance & Accounting, Marketing, Procurement
Slide 10: Asia Pacific Region
PageGroup Third Quarter 2014 Interim Management Statement | 10 Asia Pacific Region Asia Pacific Gross Profit (£m) Growth Rates (21% of Group) Reported Constant Q3 2014 vs Q3 2013 28.0 27.2 +2.9% +11.1% Q3 2014 vs Q2 2014 28.0 28.3 -1.1% -1.9% • Asia (14% of Group and 66% of Asia Pacific) +17% • SE A
Slide 11: Americas Region
PageGroup Third Quarter 2014 Interim Management Statement | 11 Americas Region Americas Gross Profit (£m) Growth Rates (15% of Group) Reported Constant Q3 2014 vs Q3 2013 20.0 20.1 -0.8% +9.6% Q3 2014 vs Q2 2014 20.0 19.2 +3.9% +4.0% • Record quarter for North & Latin America • North America (7% of
Slide 12: Summary Group
PageGroup Third Quarter 2014 Interim Management Statement | 12 Summary Group Q3 Gross Profit Impact of FX • +12% in constant currency • 7% impact on reported • +5% in reported rates figures • Y-o-Y growth in all regions • Equivalent to: – £9m gross profit – £1.6m operating profit Q3 Headcount Financ
Slide 13: Outlook Group
PageGroup Third Quarter 2014 Interim Management Statement | 13 Outlook Group • Impact of FX continues into Q4 • Cost increase associated with headcount investment • Slowing Asia growth rate Q2 to Q3 of 25% to 17% • Increased global and European economic uncertainty • Full year Operating Profit expec
Slide 14: 2013 half year results
PageGroup 2013 half year results | 14
Slide 15: Cautionary Statement
PageGroup Third Quarter 2014 Interim Management Statement | 15 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