Paychex, Inc. · NASDAQ:PAYX
Paychex — Corporate Update (May 2020)
7 slides from Paychex's corporate update, May 19, 2020
Slide 1: COVID-19 Business Update
COVID-19 Business Update May 19, 2020
Slide 2: Forward Looking Statements
Forward Looking Statements You should be aware that certain written and oral statements made by management may constitute “forward-looking statements” within the meaning of the safe-harbor provisions of the United States (“U.S.”) Private Securities Litigation Reform Act of 1995. Forward-looking stat
Slide 3: COVID-19 Response
COVID-19 Response Safety and Security of Employees Advocacy and Service to Clients • Health and safety of our employees remains a top • Continued record high client satisfaction scores priority • 24/7/365 access to trained professionals • Implemented our business continuity plan, which • HR expertis
Slide 4: Paychex Technology Solutions
Paychex Technology Solutions System Enhancements and Tools in Technology Solutions to Support a Response to COVID-19 Distributed Workforce • Modifications to support paid sick leave, paid Managing a remote workforce family medical leave, and tax credits • Mobile apps • Self-service capabilities • De
Slide 5: Macroeconomic and Business Trends
Macroeconomic and Business Trends Macroeconomic trends reflect a steeper and more severe decline in economic conditions than the 2008-2009 recession. Real-time business leading indicators show stabilization and initial signs of improvement. Key Metrics March & April Impact May Observations Decrease
Slide 6: Fiscal Year 2020 Outlook
Fiscal Year 2020 Outlook Anticipated Impact of COVID-19 May 19, 2020 (1) Previous Guidance Updated Guidance Year-over-Year Growth Year-over-Year Growth Management Solutions Revenue ~4% ~3% PEO & Insurance Solutions Revenue ~24% ~21% Interest on Funds Held for Clients (3%) - (2%) See below Total Reve
Slide 7: PAYCHEX
PAYCHEX HR | Payroll | Benefits | Insurance The Power of Simplicity