ManpowerGroup(MAN) - 2022 Q4 - Earnings Call Presentation

Financial Performance - ManpowerGroup's Q4 2022 revenue was $48 billion, a decrease of 11% as reported, or 1% in constant currency[24] - The gross profit margin for Q4 2022 was 182%, up 100 basis points year-over-year[24, 12] - Reported EBITA for Q4 2022 was $110 million, or $167 million as adjusted, with a margin of 23% (35% as adjusted)[24] - Reported EPS for Q4 2022 was $095, or $208 as adjusted[24] - Full year 2022 revenue reached $198 billion, a decrease of 4% as reported, but an increase of 5% in constant currency[53] - Full year 2022 EPS was $708, or $852 as adjusted[53] Debt and Credit Facilities - As of December 31, 2022, ManpowerGroup had total debt of $987 million and remaining available credit of $938 million[2] - The company has a revolving credit agreement of $600 million, with an option to increase availability by an additional $300 million[2, 16] - Uncommitted lines of credit and overdraft facilities totaled $3684 million[3] - The company's net Debt-to-EBITDA ratio was 101 to 1, and the fixed charge coverage ratio was 566 to 1 as of December 31, 2022[20] Segment Performance - Americas segment revenue for Q4 2022 was $12 billion, a decrease of 3% as reported and 0% in constant currency[93] - Southern Europe segment revenue for Q4 2022 was $21 billion, a decrease of 18% as reported, 5% in constant currency, and 3% organically[97, 118] - Northern Europe segment revenue for Q4 2022 was $973 million, a decrease of 18% as reported, 5% in constant currency, and 3% organically[118] - APME (Asia Pacific Middle East) segment revenue for Q4 2022 was $579 million, an increase of 8% in constant currency[102, 122] ESG Initiatives - ManpowerGroup reduced direct emissions (Scope 1 & 2) by 39%, progressing towards a goal of 60% reduction by 2030[7] - The company transformed almost 200,000 lives to date through Manpower MyPath[8] - ManpowerGroup aims to achieve 50% gender diversity at the global leadership level by 2025[8]