Automatic Data Processing, Inc. · NASDAQ:ADP
Automatic Data Processing — Q3 2024 Earnings Presentation
8 slides from Automatic Data Processing's earnings presentation, May 1, 2024
Slide 1: ADP Earnings Call & Webcast Q3 Fiscal 2024
ADP Earnings Call & Webcast Q3 Fiscal 2024 May 1, 2024 Copyright © 2024 ADP, Inc.
Slide 2: Forward Looking Statements; Non-GAAP Measures
Forward Looking Statements This document and other written or oral statements made from time to time by ADP may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature and which may be identified by
Slide 3: Highlights and Perspectives
Highlights and Perspectives Strong Q3 financial and operating performance: • 7% revenue growth and 14% adjusted diluted EPS1 growth • Solid ES new business bookings growth • Record ES retention and client satisfaction for a Q3 Progress on strategic priorities: • HCM Technology – Continued the rollou
Slide 4: Q3 Fiscal 2024 Financial Highlights
Q3 Fiscal 2024 Financial Highlights (unaudited) Total Revenues Adjusted EBIT1 Adjusted Diluted EPS1 h 7% h 12% h 14% h 6% Organic Constant Currency1 Adjusted EBIT1 Margin h 140 bps $5,254M $1,539M $2.88 $4,928M $1,372M $2.52 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 1. For a reconciliation of
Slide 5: Employer Services Segment Results
Q3 Fiscal 2024 Employer Services Segment Results (unaudited) ES Revenues ES Margin Q3 ES Highlights h 8% h 230 bps • Strong revenue growth supported by solid new business bookings, better-than- h 7% Organic Constant Currency1 expected retention, consistent pays per control growth, and an increase in
Slide 6: PEO Services Segment Results
Q3 Fiscal 2024 PEO Services Segment Results (unaudited) PEO Revenues PEO Margin Q3 PEO Highlights h 5% i 220 bps • Growth in revenue and WSEs accelerated in line with expectations • PEO pays per control growth decelerated slightly from the prior quarter $1,592M $1,666M 16.4% 14.2% FY24 PEO Outlook J
Slide 7: Fiscal 2024 Outlook
Fiscal 2024 Outlook July 26, 2023 October 25, 2023 January 31, 2024 May 1, 2024 Fiscal 2023 Fiscal 2024 Fiscal 2024 Fiscal 2024 Fiscal 2024 (unaudited) 1 1 1 1 Outlook Outlook Outlook Outlook Revenues $18,012M 6 to 7% 6 to 7% 6 to 7% 6 to 7% 2 Adj. EBIT Margin 24.8% 60 to 80 bps 60 to 80 bps 60 to 7
Slide 8: Appendix: Client Funds Investment Strategy Detail
Appendix: Client Funds Investment Strategy Detail Average Balances ($) Average Rates Interest Income / (Expense) ($) May 1, 2024 May 1, 2024 May 1, 2024 Fiscal 2023 Fiscal 2023 Fiscal 2023 Fiscal 2024 Fiscal 2024 Fiscal 2024 (unaudited) (unaudited) (unaudited) Outlook Outlook Outlook Client Short 6.
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