#1ManpowerGroup Investor Presentation June 2022#2Forward-Looking Statement June 2022 This presentation includes forward-looking statements which are subject to known and unknown risks and uncertainties. Actual results might differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements can be found in the Company's Annual Report on Form 10-K dated December 31, 2021, as well as the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, which information is incorporated herein by reference. Forward-looking statements can be identified by forward-looking words such as “expect,” “anticipate,” “intend,” “plan,” “may,” “will,” "believe," "seek," "estimate," and similar expressions. Please note that ManpowerGroup's 2021 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 are available online at www.manpowergroup.com in the section titled "Investor Relations." This presentation includes constant currency growth rates, which are further explained in our 10-K. ManpowerGroup | Investor Presentation 2#3Over 70 Years of Global Workforce Expertise Global Workforce Solutions Company Source IT Staffing Project Solutions Professional Recruiting Permanent Recruiting Develop Talent Assessment Manage Contingent Staffing Leader Development Skills Training Workforce Planning Career Mobility End-User Services Managed Service Provider Career Transition Recruitment Process Outsourcing Workforce Consulting Providing meaningful work for over 600,000 people everyday Connecting millions of job seekers with work every year, globally Finding talent solutions for clients from Fortune 100 to small/medium companies Revenues of $ $21 billion June 2022 75 2,200 30K Employees Countries & Territories Offices ManpowerGroup | Investor Presentation 3#4Globally Recognized Leader PLANET PEOPLE & PROSPERITY PRINCIPLES OF GOVERNANCE SCIENCE BASED TARGETS DEN STEFFACE CLIMATE TON GLASS LEWIS MSCI F33 RATINGS AA COD DE DEDA A JAA MEMBER OF PLATINUM 2021 ecovadis Sustainability Dow Jones Sustainability Indices In Collaboration with RebeccSAM e Our Science Based Targets validated by SBTI as part of our commitment to achieving Net Zero by 2045 or sooner - leader in our industry Recognized by Glass Lewis and Sustainalytics in 2nd percentile of all companies (94 of 13,676), 1st in HR Services (#1 of 57) & 4th in Commercial Services (13 of 380) MCSI ESG Rating upgraded to AA Leader Status Earned new EcoVadis ratings in 7 countries in 2021, bringing our cumulative total of Platinum, Gold and Silver ratings to 24+ countries & at the Global level in the last 5 years Named to the DJSI - the gold standard for corporate sustainability leaders for 13 consecutive years Named to FTSE4Good Index for 13 consecutive years DEI DISABILITY" EQUALITY NDEX Best Place To Work for Disability Inclusion BEST PLACES TO WORK 2022 for LGBTQ+ Equality COMPORATE EQUALITY INDEX Forbes CATALYST CEO CHAMPIONS FOR CHANGE Staffing 100 Recognized as a best place to work in the U.S. by the Disability Equality Index for the sixth consecutive year Received a perfect score on the Corporate Equality Index for the seventh consecutive year Right Management named Best Management Consulting Firms 2022; Canada's Best Employers 2022; World's Best Employers 2021; Best Employers for New Grads 2021; America's Best Temp Staffing Firms 2021, & Best Recruiters - Professional Search 2021 Recognized as a Catalyst Champion for Change among 70+ companies in advancing women, particularly women of color. ManpowerGroup leaders named to Staffing Industry Analysts 2021 Staffing 100 Europe, 2022 Staffing 100 North America & Latin America The only company in our industry awarded ALM ALM Intelligence's Pacesetter designation, recognized for our digitally-enabled, data-driven workforce solutions Insights, Innovation. Connected NelsonHall Earned RPO leader designation for six consecutive years and TAPFIN recognized for the fourth year as MSP leader Environment (E) NIWORLD'S MOST ETHICAL COMPANIES® WWW.ETHISPHERE.COM 13-TIME HONOREE Social (S) Business Leader Governance (G) One of the World's Most Ethical Companies for the 13th year - more than any organization in the industry FORTUNE Ranked 165 on the 2021 FORTUNE 500 Forbes Ranked 1,835 on the 2021 Global 2000 CSO50 WINNER 2021 CORPORATE GOVERNANCE AWARDS -2020- corporate secretary ManpowerGroup was named a 2021 CSO50 Award Winner, recognized for our use of innovation & a people-first approach to solving today's security challenges. Nominated for Corporate Governance Awards 2020 for Best Compliance & Ethics Program by Corporate Secretary FTSE4Good June 2022 Everest Group PEAK™ MATRIX Named global RPO leader for 12 consecutive years & TAPFIN recognized as MSP leader for eight consecutive years ManpowerGroup | Investor Presentation 4#5Forces Driving Client Priorities This time of CERTAIN UNCERTAINTY and change REQUIRES new ways of getting work done Individual Choice Technological Revolutions Customer Sophistication Demographics / Talent Management Our INNOVATIVE WORKFORCE SOLUTIONS provide flexibility and agility to our clients as they face these challenges June 2022 ManpowerGroup | Investor Presentation 5#6Our Vision, Strategy and Values ManpowerGroup' We lead in the creation and delivery of INNOVATIVE WORKFORCE SOLUTIONS and services that enable our clients to win in the changing world of work. ManpowerGroup Deliver INNOVATIVE WORKFORCE SOLUTIONS to our large global and local clients by leveraging our: • Global Footprint •Extensive Portfolio of Products/Offerings • Collaborative Organization Model VISION STRATEGY June 2022 ManpowerGroup VALUES ManpowerGroup | Investor Presentation People Knowledge Innovation 6#7Strong and Connected Brands ManpowerGroup ml Manpower We are a world leader in innovative workforce solutions and services, helping clients win through our family of brands and offerings. X Experis ManpowerGroup F Talent Solutions ManpowerGroup 1 57% of GP Leverage our trusted brand, • while driving relentless efficiency / productivity Targeted sales • Permanent recruitment growth Multi-channel delivery . Centers of recruiting excellence 1 43% of GP • Drive higher growth and gross margin while investing more in changing our business mix Core growth in Experis IT A global leader in IT Resourcing / Services • Innovative talent resourcing • Permanent recruitment growth • Delivery excellence • RPO, Tapfin MSP, Right Management Expert workforce solutions that deliver performance • Tailored solutions to improve the effectiveness of organizations and individuals (1) Reflects Q1 2022 financials. June 2022 Digitally-Fueled Transformation Sustainability, Mission and Values ManpowerGroup | Investor Presentation 7#8Shift Toward Higher Value Solutions and Services 2011 Gross Profit Mix Right Management 2021 Gross Profit Mix Talent Solutions $0.5B ManpowerGroup Solutions 20% Experis 8% 6% 2011 Total Gross Profit As Adjusted $3.0B* 66% Manpower Experis $0.8B * Amount calculated using 2021 exchange rates 15% 23% 2021 Total Gross Profit $3.4B 62% Q1 2022 Gross Profit Mix: Manpower: 57% Experis: 28% Talent Solutions: 15% Manpower $2.1B Strategic progression of our business now reflects Experis and Talent Solutions at 43% of mix with Manpower at 57% (Q1 2022) Market-leading Recruitment Processing Outsourcing and Managed Service Provider offerings. ✩ Experis Professional Services is predominately IT. ✩ Permanent recruitment represents 17.2% of total Gross Profit in 2021. June 2022 ManpowerGroup | Investor Presentation 8#9Strength Through Geographic Diversification 2021 Segment Revenues APME $2.5B 2021 Operating Unit Profit (1) Northern Europe (NE) $67.8M APME $84.6M Americas $4.2B 12% 20% Q1 2022 Operating Unit Profit: Americas: 38% 23% Total $20.7B Northern Europe $4.7B 45% Southern Europe $9.3B 11% 28% SE: 48% 8% NE: 5% Total $788.0M APME: 9% 53% Southern Europe (SE) $416.3M Americas $219.3M (1) Excludes restructuring costs, acquisition transaction costs and the net impact of integration and transaction costs as detailed in our earnings release and further explained on our website. As reported, OUP was as follows: $763.9M, Americas $195.2M (26%), Southern Europe $416.3M (54%), Northern Europe $67.8M (9%), and APME $84.6M (11%). June 2022 ManpowerGroup | Investor Presentation 9#10Our Acceleration Plan - DDI Diversification • Accelerate growth of higher margin business in all brands • • Push for relentless efficiency and productivity across all brands Digitization - at an accelerated pace Experis Talent Solutions Manpower Perm and Convenience • Better tools enabling deeper relationships with clients and candidates Data assets and insight delivering new, differentiated value for stakeholders • • Source and place more talent; predict match and performance more accurately Global technology implementations Innovation - an engine for growth, progress and change • • Sustainable competitive advantage as client and candidate expectations evolve Create new differentiation, add value and scale June 2022 ManpowerGroup | Investor Presentation • MyPath Assessments Data & Analytics 10#11PowerSuite PowerSuite™ ManpowerGroup's integrated HR tech stack provides competitive advantage with the rapid deployment of best in class technology together with deep and broad workforce expertise. Predict: Help people understand their potential and anticipate an organization's workforce needs using data, analytics and Al Develop: Engage and develop people through personalized career development June 2022 Connect Predict Manage PowerSuite Optimized HR processes Increased efficiency Decreased costs Develop Connect: Superior candidate experience to attract and source the diverse talent our clients need Manage: Manage, engage and motivate people while optimizing HR processes • • Reduced risk Accelerated speed Improved client and candidate experience ManpowerGroup | Investor Presentation 11#12• MyPath By prioritizing value-added activities, the MyPath talent pool now represents 29% of the Manpower talent pool in certified countries and continues to grow. The program's impact grew nearly 45% in 2021 and has affected over 154K+ lives since its inception. MyPath participants are more productive; 45% better utilized and 14% higher reassignment rate in 2021 when compared to non-participants. Over 11K clients participated in our Associate recognition program, which drove positive associate performance outcomes. Recognized Associates were 3x more likely to be promoted and 65% more likely to convert to perm. 154K+ LIVES IMPACTED (including alumni) 45% BETTER UTILIZATION than non-MyPath participants 11K+ CLIENTS PARTICIPATED in recognition program June 2022 ManpowerGroup | Investor Presentation 12#13Working to Change the World Plan Working to Change the World is an evolution of our Sustainability Strategy to encompass broader environmental and governance priorities in line with common metrics around ESG - focusing on those areas most material and of highest impact to those we serve. June 2022 Planet Reduce absolute scope 1 & 2 GHG emissions by 60% by 2030 Reduce absolute scope 3 GHG emissions by 30% by 2030 Committed to reaching Net Zero emissions by 2045 People & Prosperity Creating a skilled talent pipeline for the future Championing diversity, equity, inclusion & belonging Improving employability and prosperity in our communities Principles of Governance Running a responsible, transparent business Setting high ethical standards for our industry Embedding strong oversight structure across global network ManpowerGroup | Investor Presentation 13#14Secular Trends Providing More Opportunity Globally Penetration Rates Most Recent Pre-pandemic* (as available) 3.0% 3.0% 2.9% 2.4% 2.3% 2.2% 2.1% 1.9% Global Average 1.6% 0.8% UK Netherlands France Belgium Japan Germany US Italy Spain Source: World Employment Confederation/CIETT and ManpowerGroup Estimates Italy: Associazione Nazionale delle Agenzie per il Lavaro/World Employment Confederation US: US Department of Labor *Pre-pandemic: Generally represents 2019 Previous peak penetration rates are generally exceeded in the subsequent economic cycle. Favorable workforce trends are expected to drive penetration rates beyond pre-pandemic levels June 2022 ManpowerGroup | Investor Presentation 14#15Financial Update#16Financial Summary Q1 Financial Highlights, As Adjusted (1) 4% Revenue $5.1B 10% CC 180 bps Gross Margin 17.4% 56% EBITA(2) $162M 64% CC 100 bps EBITA(2) Margin 3.1% 55% 63% CC Operating Profit $152M 100 bps OP Margin 3.0% 69% 78% CC EPS $1.88 (1) Excludes the net impact of integration costs of $3.7M ($2.9M net of tax) and loss on Russia disposition of $8M in Q1 2022. As reported, EBITA was $148M (+43%, +51% CC), EBITA Margin was 2.9% (+80 bps), Operating Profit was $139M (+41%; +49% CC), Operating Margin was 2.7% (+70 bps), and EPS was $1.68 (+51%, +60% CC). (2) EBITA is a non-GAAP financial measure and is defined herein as Operating Profit before Amortization of Intangible Assets. Throughout this presentation, the difference between reported variances and Constant Currency (CC) variances represents the impact of changes in currency on our financial results. Constant Currency is further explained in the Form 10-K on our website. June 2022 ManpowerGroup | Investor Presentation 16#17Financial Summary Q1 Revenue Growth YOY % of Segment Revenue 71% 4% 9% 16% 54% 20% 7% 6% 13% 38% 13% 23% 10% 7% 9% 47% 12% 41% June 2022 Americas ($1.3B Revenue) (1) US -62% Mexico -61% Canada Other Americas Average Daily Revenue Growth - CC 25% 26% 46% 46% 44% -61% 23% 30% 23% 16% 21% Southern Europe ($2.2B Revenue) France Italy -12% Spain -5% 5% Switzerland Other Southern Europe Northern Europe ($1.1B Revenue) 2% 8% 0% 8% 8% 10% 18% 19% -6% 5% 7% 1% 6% -¯-3% 2% -3% 0% UK 0% -10% -6% Germany Nordics -3% 18% 13% 16% -9% Netherlands Belgium -4% -2% 0% 6% 8% Other Northern Europe APME ($618M Revenue) Japan Australia Other APME ■Revenue Growth -32% -27% -15% -8% -1% 16% 3% 14% 12% -22% 17% 13% ■Revenue Growth - CC (1) On an organic basis, revenue for the US increased 15% and ADR increased 13%. ManpowerGroup | Investor Presentation 17#18Dollars in Billions Historical Trends Revenue % = Variance in constant currency 20 30 -1% -2% +4% +7% +4% +6% +2% -1% 22 25 30.0% -14% +12% 20.0% 15 10 5 20.7 20.3 20.8 19.3 19.7 21.0 22.0 20.9 0 ILLE. 10.0% 0.0% -10.0% -20.0% 18.0 20.7 -30.0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 EBITA As Adjusted (*) 1,000 -9% +26% +21% +13% +8% +8% +0% -10% 800 % = Variance in constant currency -47% 4.5% +54% 3.6% Dollars in Millions 600 2.7% 400 1.8% 200 0.9% 504 635 753 738 782 858 871 750 404 634 0 0.0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 EBITA% 2.4% 3.1% 3.6% 3.8% 4.0% 4.1% 4.0% 3.6% 2.2% 3.1% June 2022 * EBITA As Adjusted for items shown on the Financial Measures on our website. As reported, EBITA was $610M in 2021, $215M in 2020, $675M in 2019, $832M in 2018, $824M in 2017, $781M in 2016, $722M in 2015, $753M in 2014, $546M in 2013 and $448M in 2012; and EBITA% was 2.9%, 1.2%, 3.2%, 3.8%, 3.9%, 4.0%, 3.7%, 3.6%, 2.7% and 2.2%, respectively. ManpowerGroup | Investor Presentation EBITA Margin YOY Growth in CC% 2021 experienced significant improvement coming out of the pandemic. We remain committed to seizing growth opportunities aligned with our strategy, improving leverage on that growth and building on our leading global workforce solutions position. 18#19Balance Sheet March 31, 2022 ($ in millions) Assets 9,721 Cash Accounts Receivable 777 5,440 Liabilities & Equity 9,721 Other Liabilities | I 6,101 Debt-to-Total Capitalization 35% 3.0 30% 25% 20% 15% 10% 2.5 2.0 1.5 1.0 Other Assets | I 3,504 Total Debt Equity I I I 1,064 2,556 Strong balance sheet with good liquidity to support future growth • · · Cash of $777M Total debt-to-total capitalization at 29% (Q1 2022) Debt-to-EBITDA As Adjusted* of 1.4x Debt-to-EBITDA As Adjusted* Focused on reducing capital deployed Cost of accounts receivable included in all client profitability analyses and management incentive calculations 0.5 5% 0% 23% 15% 14% 24% 25% 25% 28% 28% 31% 31% 29% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 1.3 0.9 0.7 1.1 1.0 1.0 1.2 1.3 2.5 1.6 1.4 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 2022 2022 * EBITDA As Adjusted amounts exclude the impact of global restructuring costs and other certain items further explained on our website. June 2022 ManpowerGroup | Investor Presentation 19#20Free Cash Flow ($ in millions) 900 800 700 600 500 400 300 200 No sale of CICE1 receivable in France Liquidated more receivables than replenished with lower payroll liabilities during COVID Benefits of CICE1 sales + new France subsidies in same year 100 259 352 255 459 543 346 418 762 886 581 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Strong cash flow with counter-cyclical features provides liquidity entering into recessionary cycles. 1 Crédit d'impôt pour la compétitivité et l'emploi (Competitiveness and Employment Tax Credit) June 2022 ManpowerGroup | Investor Presentation 20#21Returning Cash to Shareholders ($ in millions, except share and per share amounts) Dividends Share Repurchases 140 $2.52 600 130 $2.26 $2.18 120 $2.02 500 $1.86 110 $1.72 400 $1.60 100 300 90 80 200 $0.98 $0.92 70 268 100 60 72 77 121 118 124 127 129 129 137 50 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 Payout Ratio, As Adjusted* 21% 18% 30% 27% 22% 22% 28% 62% 35% 143 580 482 204 501 203 265 210 2013 2014 2015 2016 2017 2018 2019 2020 2021 2.0M 6.6M 6.6M 1.9M 5.7M 2.4M 3.4M | 2.1M • • Strong dividend performance. Current yield of 2.9%.* ** Annual dividends increased every year over the last 10 years. Annual dividend payout per share divided by earnings per share-diluted, as adjusted for items shown on the Financial Measures on our website. ** Yield based on June 1, 2022 price of $85.45 • 2.1M shares repurchased in 2021; 28.7M shares (37% of outstanding) repurchased from 2015. • 5.2M shares remain authorized for repurchase (1.2M under the August 2019 authorization and 4M under the August 2021 authorization). June 2022 ManpowerGroup | Investor Presentation 21#22Return on Invested Capital* (ROIC) 22% 20% 18% 16% Estimated WACC 14% 12% 10% 8% 6% 4% 2% 9.4% 13.5% 15.7% 16.0% 16.7% 20.8% 19.4% 16.6% 9.8% 18.5% 0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Capital efficiency metric, currently measured by ROIC, has been included in the executive team and global management annual incentive plans for over 20 years. Rigorous cash management with a focus on DSO reduction. Primary driver of ROIC improvement is operating profit after tax growth. *Defined here as operating profit after tax divided by the average monthly total of net debt (total debt less cash) and equity for the year, as adjusted for items shown on the Financial Sheet on our web site. June 2022 ManpowerGroup | Investor Presentation 22 22#23Financial Targets Revenue Growth • Market • EBITA Margin 4.5% - 5.0% • Exceed or maintain key market revenue growth Disciplined profitable growth Focus on improvement in client mix • Assumes stable economic environment and consistent revenue growth and pricing Growth driven by: - gross profit improvement - continued steady efficiency/productivity enhancements • Disciplined capital allocation to achieve a return well above cost of capital Rigorous cash management with a focus on DSO • Capital efficiency metric in Executive Team and EBITA margin growth enabled Global Management incentive plans for over 20 years ROIC 15% • June 2022 ManpowerGroup | Investor Presentation 23 23#24ManpowerGroup Strengths Globally Recognized Industry Leader Positive Secular Trends Strong Assets, Connected Brands and World-Leading Offerings A Global Leader in IT Resourcing and Services Experienced Management June 2022 ManpowerGroup | Investor Presentation 24 24#25Appendix June 2022 ManpowerGroup | Investor Presentation 25#26Industry Vertical Composition - Q1 2022 Other, 8.0% Tech, 9.0% Construction, 3.9% Transport and Wholesale/Retail Trade Fulfilment, 15.2% Other Manufacturing, 7.4% Health, 3.8% Public, 8.7% Financial, 7.1% Other Professional, 3.9% Manufacturing - Plastics, 3.0% Manufacturing - Metals, 4.1% Manufacturing - Electronics, 6.5% Manufacturing Machinery & Equipment, 2.7% Manufacturing - Auto, 5.1% Manufacturing - Manufacturing - Pharma, 6.3% Food, 5.2% June 2022 ManpowerGroup | Investor Presentation Manufacturing, 40.3% 26