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Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
Adecco Group
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Adecco Group

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Adecco Group Corporate Presentation

Adecco Group Corporate Presentation

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  • 1. Corporate presentationAdecco GroupMarch 2011 2009November 5,
  • 2. Content • Our vision • Our global reach • Our strategy • Our business • Our corporate social responsibility • Our results • Our future perspective Corporate Presentation March 2011 Slide 2
  • 3. Our vision Corporate Presentation March 2011 Slide 3
  • 4. Our vision We inspire individuals and organisations to work more effectively and efficiently, and create greater choice in the domain of work, for the benefit of all concerned. As the world’s leading Human Resources services group – a business that has a positive impact on millions of people every day – we are conscious of our global role. For more information: www.adecco.com/AboutAdecco Corporate Presentation March 2011 Slide 4
  • 5. Our global reach Corporate Presentation March 2011 Slide 5
  • 6. Our global reach Adecco Group operates in over 60 countries and territories worldwideWe help over 700,000 people find work The Adecco Group is the world’s leadingevery day through our network provider of HR solutions. The servicesof more than 32,000 full-time employees offered fall into the broad categories ofand over 5,500 offices in temporary staffing, permanent placement,over 60 countries and territories. outsourcing, consulting and outplacement. Corporate Presentation March 2011 Slide 6
  • 7. Our strategy Corporate Presentation March 2011 Slide 7
  • 8. Adecco Group strategyOverview of staffing and other HR-related services market For more information: www.adecco.com/AboutAdecco Corporate Presentation March 2011 Slide 8
  • 9. Adecco Group strategyOur twofold approach to the market Corporate Presentation March 2011 Slide 9
  • 10. Our business Corporate Presentation March 2011 Slide 10
  • 11. Our businessGeneral staffing: global reach • Industrial and office focus Geographical split of general staffing* • Flexible staffing solutions FY 2010, 75% of total group revenues • Serve large global clients and mid- sized enterprises 36% FRANCE 13% NORTH AMERICA • Temporary and permanent 4% UK & IRELAND 7% GERMANY & AUSTRIA placement 8% JAPAN • Assessment, training and integrated 5% ITALY 4% IBERIA human resources solutions 4% NORDICS 5% BENELUX 3% SWITZERLAND 2% AUSTRALIA & NEW ZEALAND 9% EMERGING MARKETS * Based on dedicated branches Corporate Presentation March 2011 Slide 11
  • 12. Our businessGeneral staffing – office: our activities Office • Administrative / clerical • Assistance • Customer service • Human resources • Import/export • Project management • Purchasing • Secretarial / PA etc. Adecco Office provides associates with serial assignments, ensuring continuity in the relationship. Skills are enhanced through continuous learning in challenging projects. Corporate Presentation March 2011 Slide 12
  • 13. Our businessGeneral staffing – industrial: our activities Industrial • Assembly • Production • Machine operation • Mechanical trades • Warehousing • Packaging • Shipping and receiving • Bindery and fulfilment etc. Specialised solutions have been developed for: • Aerospace • Automotive • Construction • Transport and logistics etc. Corporate Presentation March 2011 Slide 13
  • 14. Our businessProfessional business: global reach • Professional business lines Geographical split of professional business* • High level specialist points of FY 2010, 25% of total group revenues contact • Longer-lasting assignments 12% FRANCE 39% NORTH AMERICA • Quality placements and services 23% UK & IRELAND • Short to long-term projects 5% GERMANY & AUSTRIA 4% JAPAN • Secondment, permanent 2% ITALY 3% IBERIA placements, temporary recruitment 4% NORDICS solutions, outplacement, consulting 3% BENELUX 1% SWITZERLAND and managed solutions 4% AUSTRALIA & NEW ZEALAND < 0.5% EMERGING MARKETS * Based on dedicated branches Corporate Presentation March 2011 Slide 14
  • 15. Our businessProfessional business lines – our activities Information Technology • Sourcing and deploying highly skilled IT specialists in mainstream and niche technologies to meet clients‘ temporary, permanent and project needs. • Serving clients with structured HR solutions such as infrastructure management, testing services, recruitment process outsourcing, and multi-language help desk. Engineering & Technical • Providing the appropriate skilled engineers and technical specialists for temporary, longer-term secondment, and work package-based assignments. • Major sectors of expertise including electronics automotive and transportation, energy, oil & gas, utilities, medical products, aerospace, chemicals & raw materials. Corporate Presentation March 2011 Slide 15
  • 16. Our businessProfessional business lines – our activities Finance & Legal • Serving our clients across commerce and industry, financial services, banking, insurance, public practice, law firms and corporate law departments • Our global network consists of over 200 branch offices in 17 countries operating under the following brands: Adecco Finance, Ajilon Finance, Ajilon Legal, DIS AG Finance, Jonathan Wren and Badenoch & Clark Medical & Science • Global outsourcing • Quality management • International Mobility Corporate Presentation March 2011 Slide 16
  • 17. Our businessProfessional business lines – our activities Sales, Marketing & Events • Serving our clients with temporary assignments, recruitment and selection of professionals to fully managed teams • Specialised in all your B-to-B and B-to-C touch points, from call center solutions, promotions, merchandising, sales to events Human Capital Solutions • Restructuring and talent management solutions for companies and organisations aiming to optimise their human capital • Under the global brand name of Lee Hecht Harrison, the business line provides consulting services to companies and organisations, while helping individuals develop their career and leadership potential Corporate Presentation March 2011 Slide 17
  • 18. Our corporate social responsibility Corporate Presentation March 2011 Slide 18
  • 19. Adecco corporate social responsibilityPrioritising activities Stakeholders Global Programmes Society Excellence Clients & shareholders Excellence Awards Skills Employees Win4Youth Integration IOC/IPC Athlete Career Programme For more information: www.adecco.com/Corporate social responsibility Corporate Presentation March 2011 Slide 19
  • 20. Our results Corporate Presentation March 2011 Slide 20
  • 21. Q4 2010 results summary Reported Variance (10 vs. 09) in percent 0.0 50.0 100.0 150.0 200.0 0 EUR m % of rev. Reported Adjusted1) organic2) Revenues 0 4,993 32 17 Gross profit 0 0.0% 894 17.9% 35 13 SG&A 0 0.0% 683 13.7% 19 6 3) 223 4.5% 152 EBITA before integration costs 51 3) 0 211 139 EBITA 0.0% 4.2% 43 Operating income 0 197 145 0.0% 4.0% Net income attributable to 236 0.0% 141 2.8% Adecco shareholders 1) Adjusted is a non US GAAP measure excluding in Q4 2009, for better comparison, the French business tax of EUR 15 million in costs of services and EUR 1 million in SG&A as those business tax components are shown as income tax as of 2010. It also excludes in Q4 2009 the positive impact on gross profit of EUR 14 million due to favorable developments in France resulting in the reassessment of existing accruals and the negative impact of EUR 7 million on gross profit due to a sales tax accrual in the UK related to prior years, as well as the negative impact on SG&A of EUR 30 million associated with restructuring costs. 2) Organic growth is a non US GAAP measure and excludes the impact of currency, acquisitions and divestures. 3) EBITA is a non US GAAP measure and refers to operating income before amortisation of intangible assets. Corporate Presentation March 2011 Slide 21
  • 22. Revenues and EBITA by geographyQ4 2010 vs. Q4 2009 Revenues EBITA2) organic 1) EUR m yoy growth EUR m margin 30% France 1,484 19% 60 4.0% Revenues in percent 19% North America 953 18% 49 5.1% 8% UK & Ireland 411 -1% 4 1.1% 7% Japan 336 -4% 17 5.0% 7% Germany & Austria 347 32% 26 7.4% 5% Benelux 243 16% 16 6.4% 5% Italy 243 35% 11 4.9% 4% Iberia 195 11% 8 4.4% 4% Nordics 205 23% 11 5.3% 2% Australia & New Zealand 122 21% 3 2.9% 2% Switzerland 114 22% 16 13.8% 7% Emerging Markets 340 20% 11 3.3% Corporate (21) Adecco Group 4,993 17% 211 4.2% 1) Organic growth is a non US GAAP measure and excludes the impact of currency, acquisitions and divestures. 2) EBITA is a non US GAAP measure and refers to operating income before amortisation of intangible assets. Corporate Presentation March 2011 Slide 22
  • 23. FY 2010 results summary Reported Variance (10 vs. 09) in percent 0.0 20.0 40.0 60.0 80.0 0 EUR m % of rev. Reported Adjusted1) organic2) 26 Revenues 0 18,656 12 26 Gross profit 0 0.0% 3,329 17.8% 6 11 SG&A 0 0.0% 2,607 14.0% 0 142 EBITA 0 0.0% 722 3.9% 34 Operating income 0 0.0% 667 3.6% Net income attributable to 0.0% 423 2.3% Adecco shareholders 1) Adjusted is a non US GAAP measure excluding in FY 2009 , for better comparison, the French business tax of EUR 60 million in costs of services and EUR 4 million in SG&A as those business tax components are shown as income tax as of 2010. It also excludes in FY 2009 the positive impact on gross profit of EUR 25 million due to favorable developments in France resulting in the reassessment of existing accruals and the negative impact of EUR 7 million on gross profit due to a sales tax accrual in the UK related to prior years, as well as the negative impact on SG&A of EUR 121 million associated with restructuring costs. 2) Organic growth is a non US GAAP measure and excludes the impact of currency, acquisitions and divestures. 3) EBITA is a non US GAAP measure and refers to operating income before amortisation and impairment of goodwill and intangible assets. Corporate Presentation March 2011 Slide 23
  • 24. Revenue development by business linesFY 2010 vs. FY 2009 Revenues1) Revenue growth EUR m in %, organically Office 3,726 -1 Industrial 8,971 20 6% Information Technology 2,071 5 7% Engineering & Technical 948 17 8% 44% Finance & Legal 699 3 Medical & Science 360 5 15% Sales, Marketing & Events 357 2 Human Capital Solutions 266 -24 20% Emerging Markets 1,258 23 Adecco Group 18,656 12 1) Breakdown of revenues is based on dedicated branches. The 2010 information includes certain changes in the allocation of branches to business lines. The 2009 information has been restated to conform to the current year presentation. Corporate Presentation March 2011 Slide 24
  • 25. Our future perspective Corporate Presentation March 2011 Slide 25
  • 26. Our future perspectiveGlobal trends Governments 1. Regulation 2. Flexibility imperative 3. Job creation People Companies 1. Demographics 1. Productivity and flexibility 2. Skills mismatch Adecco Group 2. Talent shortage 3. Lifestyle changes 3. Changing labour force Technology 1. Job search engines 2. e-intermediaries 3. eLearning Corporate Presentation March 2011 Slide 26
  • 27. Thank you Corporate Presentation March 2011 Slide 27

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