PageGroup PLC · LSE:PAGE
PageGroup — Michael Page International — Q4 2010 Earnings Presentation
15 slides from PageGroup's earnings presentation, Jan 10, 2011
Slide 1: Fourth Quarter Trading Update | 10 January 2011
Fourth Quarter Trading Update | 10 January 2011
Slide 2: Group gross profit
Michael Page International – Fourth Quarter Trading Update 2010 | 2 Group gross profit Growth Rates Constant Group gross profit £m £m Reported exchange Q4 2010 vs Q4 2009 119.8 90.6 +32.2% +31.4% Q4 2010 vs Q3 2010 119.8 112.8 +6.2% +4.4% Headcount: Increased by 305 (+7.3%) during Q4 to 4,498 (Q3 20
Slide 3: Group quarterly gross profit
Michael Page International – Fourth Quarter Trading Update 2010 | 3 Group quarterly gross profit 152.4 150 141.3 140.3 128.2 123.4 121.0 119.8 118.7 112.8 111.7 105.5 Gross Profit (£m) as reported 97.9 95.0 100 93.1 90.6 89.1 87.4 83.8 82.3 79.2 70.2 69.2 69.6 68.3 66.9 59.9 58.7 56.7 53.5 52.3 51.4
Slide 4: Group Gross Profit – Full Year and Financial Position
Michael Page International – Fourth Quarter Trading Update 2010 | 4 Group Gross Profit – Full Year and Financial Position Growth Rates 2010 2009 Constant £m £m Reported exchange EMEA 188.7 163.7 +15.3% +18.3% UK 124.8 110.8 +12.7% +12.7% Asia Pacific 72.2 42.2 +71.0% +53.8% Americas 56.4 35.0 +61.2%
Slide 5: EMEA gross profit (44% of Group)
Michael Page International – Fourth Quarter Trading Update 2010 | 5 EMEA gross profit (44% of Group) Growth Rates Constant £m £m Reported exchange Q4 2010 vs Q4 2009 52.8 42.2 +25.0% +29.8% Q4 2010 vs Q3 2010 52.8 44.6 +18.4% +15.6% Headcount up 123 (+7.2%) to 1,831 (Q3 2010: 1,708) In local currenc
Slide 6: EMEA quarterly gross profit
Michael Page International – Fourth Quarter Trading Update 2010 | 6 EMEA quarterly gross profit 80 70.2 Gross Profit (£m) as reported 65.2 63.7 59.7 57.6 60 52.8 48.5 48.4 47.6 46.7 44.6 44.6 42.0 42.2 38.2 35.7 40 20 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2007 2008 2009 2010 Specialists
Slide 7: UK gross profit (26% of Group)
Michael Page International – Fourth Quarter Trading Update 2010 | 7 UK gross profit (26% of Group) Growth Rates £m £m Reported Q4 2010 vs Q4 2009 30.7 26.5 +15.7% Q4 2010 vs Q3 2010 30.7 33.0 -7.0% Headcount up 14 (+1.1%) to 1,324 (Q3 2010: 1,310) • Finance and Accounting (13% of the Group) was high
Slide 8: UK quarterly gross profit
Michael Page International – Fourth Quarter Trading Update 2010 | 8 UK quarterly gross profit 49.0 48.5 47.9 47.1 50 45.0 45.0 44.1 36.1 40 33.0 32.3 Gross Profit (£m) 30.7 28.9 28.9 28.1 27.3 26.5 30 20 10 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2007 2008 2009 2010 Specialists in Global R
Slide 9: Asia Pacific gross profit (17% of Group)
Michael Page International – Fourth Quarter Trading Update 2010 | 9 Asia Pacific gross profit (17% of Group) Growth Rates Constant £m £m Reported exchange Q4 2010 vs Q4 2009 20.7 12.2 +69.3% +54.0% Q4 2010 vs Q3 2010 20.7 20.3 +2.2% -1.2% Headcount up 95 (+15.9%) to 691 (Q3 2010: 596) In local curre
Slide 10: Asia Pacific quarterly gross profit
Michael Page International – Fourth Quarter Trading Update 2010 | 10 Asia Pacific quarterly gross profit 25 Gross Profit (£m) as reported 20.7 20.3 19.6 18.4 20 18.0 16.4 15.4 14.8 14.7 13.2 15 12.3 12.4 12.2 10.8 9.7 9.5 10 5 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2007 2008 2009 2010 Spe
Slide 11: Americas gross profit (13% of Group)
Michael Page International – Fourth Quarter Trading Update 2010 | 11 Americas gross profit (13% of Group) Growth Rates Constant £m £m Reported exchange Q4 2010 vs Q4 2009 15.6 9.7 +61.7% +52.5% Q4 2010 vs Q3 2010 15.6 14.9 +4.8% +3.9% Headcount up 73 (+12.6%) to 652 (Q3 2010: 579) In local currency
Slide 12: Americas quarterly gross profit
Michael Page International – Fourth Quarter Trading Update 2010 | 12 Americas quarterly gross profit 20 Gross Profit (£m) as reported 15.6 14.9 14.7 14.3 14.1 15 11.6 11.2 10.7 10.6 10.5 9.9 9.7 10 9.0 8.5 7.8 7.2 5 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2007 2008 2009 2010 Specialists in
Slide 13: Summary and our continuing organic growth
Michael Page International – Fourth Quarter Trading Update 2010 | 13 Summary and our continuing organic growth Specialists in Global Recruitment www.michaelpage.co.uk
Slide 14: Summary and our continuing organic growth
Michael Page International – Fourth Quarter Trading Update 2010 | 14 Summary and our continuing organic growth Specialists in Global Recruitment www.michaelpage.co.uk
Slide 15: INTERNATIONAL
Michael Page INTERNATIONAL
Michael Page International — Q4 2010 Earnings Presentation on 6ix