Persol Holdings Co. Ltd. · TSE:2181

Persol — Q1 FY2021 Earnings Presentation

35 slides from Persol's earnings presentation, Aug 10, 2021

  1. Slide 1: Consolidated Financial Results for the 1st Quarter of FY Ending March 31, 2022

    Consolidated Financial Results for the 1st Quarter of the Fiscal Year Ending March 31, 2022 (FY2021 Q1) PERSOL HOLDINGS CO., LTD. August 10, 2021 Copyright © PERSOL HOLDINGS CO., LTD. All Rights Reserved.

  2. Slide 2: Today's Agenda

    Today’s Agenda 1. Financial Results for the 1st Quarter ended June 30, 2021 2. Financial and Dividend Forecasts for FY2021 1 Copyright © PERSOL HOLDINGS CO., LTD. All Rights Reserved.

  3. Slide 3: Highlights

    Highlights Financial Results for the 1st Quarter ended June 30, 2021 • Net Sales were 250.4 billion yen, increased by 5.1% year on year (YoY). Operating profit was 13.1 billion yen, increased by 44.1% YoY. Point 1 • Both sales and operating profit increased due to steady growth in sales of Staffing

  4. Slide 4: Financial Results for the 1st Quarter ended June 30, 2021

    Financial Results for the 1st Quarter ended June 30, 2021 Copyright © PERSOL HOLDINGS CO., LTD. All Rights Reserved.

  5. Slide 5: Results for the 1st Quarter ended June 30, 2021

    Financial Results for the 1st Quarter ended June 30, 2021 • Sales increased due to steady growth in sales of Staffing SBU and demand recovering from the effect of COVID-19 in other SBUs. • Operating profit improved due to increased sales in all SBUs. (million yen) 1st Quarter ended June, 30 YoY 2020

  6. Slide 6: Financial Results by SBU for the 1st Quarter

    Financial Results by SBU for the 1st Quarter ended June, 30 2021 • Increased in sales and operating profit (or lower loss) in all SBUs. (million yen) Sales Operating Profit 1st Quarter ended June, 30 1st Quarter ended June, 30 2020 2021 YoY 2020 2021 YoY Staffing 130,678 137,846 5.5% 8,921 10,428 16

  7. Slide 7: Financial Results - Staffing SBU

    Financial Results - Staffing SBU - Both sales and operating profit increased due to continuously robust business in the core clerical and administrative staffing sector and strong orders from public related projects in BPO sector. Sales Operating profit ■Qualitative analysis on Q1 (million yen) Temp

  8. Slide 8: Financial Results - Staffing SBU: BPO Sector

    Financial Results - Staffing SBU ：BPO Sector - ■BPO sector sales trend (sales of FY2020 Q1 are based as 100) Sales in Q1 grew by approx. 20% YoY due to an increase in the number of public related projects acquired continuously from the previous fiscal year. Strengthen sales activities to expand priv

  9. Slide 9: Financial Results - Career SBU

    Financial Results - Career SBU - Orders of workers who have less experience and of marketing and sales staffs are on a trend of recovery due to stronger demand for hiring in some industries in view of near-future business expansion. Job recruitment media business showed growth, resulting in increase

  10. Slide 10: Financial Results - Career SBU: Current Status of Recovery

    Financial Results - Career SBU - :Current Status of Recovery ■Trends in number of jobs available/number of candidates ■Trend of companies' demand who want to change job/jobs-opening-to-applicants ratio (increase in the number of orders) • The number of jobs available in June 2021 increased • Trends

  11. Slide 11: Financial Results - Professional Outsourcing SBU

    Financial Results - Professional Outsourcing SBU - Both Sales and operating profit increased because IT area business continued to show growth while engineering area was recovered due to demand for development, etc. in manufacturing industry. Sales Operating profit ■Qualitative analysis on Q1 (milli

  12. Slide 12: Financial Results - Solution SBU

    Financial Results - Solution SBU - Sales increased significantly, led by growth in a job search application business "Miidas“ and operating loss was also lowered due to increased sales. Sales Operating profit/loss ■Qualitative analysis on Q1 (million yen) • A Job search applications business "Miidas

  13. Slide 13: Financial Results - Asia Pacific SBU (1)

    Financial Results - Asia Pacific SBU (1) - Sales increased due to the effect of currency exchange rates (sales on a local currency basis decreased). Operating loss was lowered as a result of establishing an efficient operation structure. Sales Operating profit/loss ■Qualitative analysis on Q1 (Local

  14. Slide 14: Financial Results - Asia Pacific SBU (2)

    Financial Results - Asia Pacific SBU (2) - From this term, breakdown of financial results of PERSOLKELLY and Programmed of Asia Pacific SBU is disclosed. (million yen) FY2020 Q1 FY2021 Q1 YoY Net Sales 65,980 67,306 2.0% PERSOLKELLY 21,129 16,901 -20.0％ Programmed 44,851 50,404 12.4％ Operating profi

  15. Slide 15: Financial Results - Others / Adjustment

    Financial Results – Others / Adjustment - Others (Companies directly managed by PERSOL HOLDINGS ) (million yen) ■Qualitative analysis on Q1 FY 2020 Q1 FY 2021 Q1 YoY • Sales increased YoY due to the continuous growth in internal transactions within Group, Sales 2,364 3,314 40.2% mainly disabled pers

  16. Slide 16: Financial and Dividend Forecasts for FY2021

    Financial and Dividend Forecasts for FY2021 Copyright © PERSOL HOLDINGS CO., LTD. All Rights Reserved.

  17. Slide 17: Financial Forecasts for 1st Half of FY2021

    Financial Forecasts for 1st Half of FY2021 • Financial Forecasts for 1st Half was revised upward because all SBUs showed a stronger performance than the plan, especially the core Staffing SBU. • Full-year financial forecasts are changed to be undecided. After reviewing the outlook including the stat

  18. Slide 18: Factors for Upward Revision of 1st Half Operating Profit Forecast

    Factors for Upward Revision of 1st Half Operating Profit Forecast • The 1st Half operating profit revised upward to 22.5 billion yen from 15.1 billion yen in the initial forecast. • All SBUs revised upward, although the Staffing SBU, which received strong orders for public related projects, showed t

  19. Slide 19: Sales Forecasts for 1st Half for FY2021

    Sales Forecasts for 1st Half for FY2021 (million yen) FY 2021 FY 2020 1st Half Q1 Q2 1st Half Q1 Q2 1st Half Initial Results Forecast Forecast Results Results Results forecast Consolidated 250,432 254,767 505,200 481,500 238,222 227,533 465,755 Staffing 137,846 138,653 276,500 259,800 130,678 129,60

  20. Slide 20: Operating Profit Forecasts for 1st Half for FY2021

    Operating Profit Forecasts for 1st Half for FY2021 (million yen) FY 2021 FY 2020 1st Half Q1 Q2 1st Half Q1 Q2 1st Half Initial Results Forecast Forecast Results Results Results forecast Consolidated 13,137 9,362 22,500 15,100 9,115 4,760 13,875 Staffing 10,428 9,381 19,810 15,350 8,921 7,387 16,309

  21. Slide 21: EBITDA Forecasts for 1st Half for FY2021

    EBITDA Forecasts for 1st Half for FY2021 (million yen) FY 2021 FY 2020 1st Half Q1 Q2 1st Half Q1 Q2 1st Half Initial Results Forecast Forecast Results Results Results forecast Consolidated 17,821 14,038 31,860 24,160 13,389 8,962 22,351 Staffing 11,370 10,319 21,690 17,250 9,914 8,283 18,197 Career

  22. Slide 22: Revised Dividend Forecast

    Revised Dividend Forecast • Adjusted EPS for 1st Half of FY2021 reflecting upward revision is expected to be 79.12 yen. • According to our dividend policy of 25% of adjusted EPS, interim dividend forecast was changed to 19 yen per share from 14 yen of the initial plan. • As full-year financial forec

  23. Slide 23: Appendix

    Appendix Copyright © PERSOL HOLDINGS CO., LTD. All Rights Reserved.

  24. Slide 24: Quarterly Results

    Quarterly Results Copyright © PERSOL HOLDINGS CO., LTD. All Rights Reserved.

  25. Slide 25: Consolidated Quarterly Results

    Consolidated Quarterly Results (million yen) FY2019 FY2020 FY2021 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Sales 243,738 242,204 249,411 238,222 227,533 238,083 246,883 250,432 YoY (%) 7.7% 4.0% 3.7% 1.3% -6.6% -1.7% -1.0% 5.1％ Operating 10,058 8,287 10,681 9,115 4,760 8,432 4,131 13,137 Profit OPM (%) 4.1% 3.4% 4.3

  26. Slide 26: Staffing SBU

    Staffing Staffing SBU (million yen) FY2019 FY2020 FY2021 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Sales 126,130 130,986 130,871 130,678 129,605 134,086 135,870 137,846 YoY (%) 10.0% 8.6% 7.2% 6.9% 2.8% 2.4% 3.8% 5.5％ Operating 5,333 6,806 5,905 8,921 7,387 8,361 4,452 10,428 Profit OPM (%) 4.2% 5.2% 4.5% 6.8% 5.7% 6

  27. Slide 27: Career SBU

    Career Career SBU (million yen) FY2019 FY2020 FY2021 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Sales 22,259 18,114 19,526 16,827 12,887 13,595 16,258 17,602 YoY (%) 9.6% -14.6% -17.2% -28.5% -42.1% -24.9% -16.7% 4.6％ Operating 4,393 1,271 2,900 1,505 -1,367 -466 660 2,063 Profit OPM (%) 19.7% 7.0% 14.9% 8.9% -10.6％ -

  28. Slide 28: Professional Outsourcing SBU

    PRO Professional Outsourcing SBU (million yen) FY2019 FY2020 FY2021 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Sales 26,126 26,850 28,842 26,415 27,281 28,680 30,718 28,222 YoY (%) 9.7% 7.2% 10.1% 10.0% 4.4% 6.8% 6.5% 6.8% Operating 1,449 1,519 3,070 315 674 1,481 1,556 1,214 Profit OPM (%) 5.5% 5.7% 10.6% 1.2% 2.5％ 5

  29. Slide 29: Solution SBU

    Solution Solution SBU (million yen) FY2019 FY2020 FY2021 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Sales 1,837 1,856 1,967 952 1,237 1,593 1,918 2,181 YoY (%) 392.9% 281.2% 310.8% -29.5% -32.6% -14.2% -2.5% 129.0% Operating -175 -376 -768 -1,437 -1,260 -1,095 -1,016 -883 Profit OPM (%) -9.6% -20.3% -39.0% -150.8% -10

  30. Slide 30: Asia Pacific (APAC) SBU

    APAC Asia Pacific (APAC) SBU (million yen) FY2019 FY2020 FY2021 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Sales 69,584 66,240 70,403 65,980 58,684 62,124 64,657 67,306 YoY (%) -0.4% -2.9% -0.5% -1.5% -15.7% -6.2% -8.2% 2.0% Operating -126 -575 451 -116 -561 -303 -539 -0 Profit OPM (%) -0.2% -0.9% 0.6% -0.2% -1.0% -0.

  31. Slide 31: Others

    Others (million yen) FY2019 FY2020 FY2021 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Sales 2,585 2,989 2,803 2,364 2,656 3,428 3,015 3,314 YoY (%) 115.5% 86.8% 83.1% 36.5% 2.7% 14.7% 7.5% 40.2% Operating -202 54 -275 -455 -405 263 -558 -55 Profit OPM (%) -7.8% 1.8% -9.8% -19.3% -15.3% 7.7% -18.5% -1.7% EBITDA -131 148

  32. Slide 32: Adjustments (Corporate and reconciliation adjustments)

    Adjustments （Corporate and reconciliation adjustments） (million yen) FY2019 FY2020 FY2021 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Sales -4,785 -4,833 -5,003 -4,995 -4,819 -5,425 -5,555 -6,041 YoY (%) - - - - - - - - Operating -612 -413 -602 382 292 191 -423 371 Profit OPM (%) - - - - - - - - EBITDA -404 -184 -325 6

  33. Slide 33: Adjusted EPS

    Adjusted EPS  Shifted to a dividend policy that focuses on dividend payout ratio (25% of adjusted EPS) in FY2020 .  Adjusted EPS is calculated excluding the effects of goodwill amortization and extraordinary income and loss amounts, etc. Current net Average number of shares issued during the perio

  34. Slide 34: Balance of Goodwill

    Balance of Goodwill （million yen） SBU As of June 30, 2021 Staffing SBU 8,882 Career SBU 18,417 Professional Outsourcing SBU 8,315 Solution SBU 220 Asia Pacific SBU 29,243 PERSOLKELLY 1,896 Programmed Staffing 2,505 Programmed Maintenance 24,797 Others 1,874 Total 66,954 33 Copyright © PERSOL HOLDING

  35. Slide 35: Disclaimer

    Disclaimer The statements concerning PERSOL HOLDINGS’s future business performances in this material such as earnings forecasts are based on information available as of August 10, 2021 and certain assumptions deemed to be reasonable by PERSOL HOLDINGS, and do not mean that PERSOL HOLDINGS promises t

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