Investor Presentaiton

Free 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

View entire presentation