Investor Presentaiton
Successful Execution of Our Strategy Has Enabled
Significant Return of Cash to Shareholders
Total Cash Returned to Shareholders
Total Return of Cash - FY11-FY17
$5.3B
$11.3B
ADP vs. S&P 500 in Dividend Payout Ratio
Dividend Payout Ratio (LTM Dividends / LTM Adjusted Net
Earnings) (1)(2)
60%
ADP's Dividend Payout Ratio Is
Significantly Higher Than the
S&P 500 and S&P 500 IT Indices
$6.0B
Cumulative Share
Repurchases
Cumulative Dividends
Cumulative Return of
Cash
ADP
34%
S&P 500
20%
S&P 500 IT
+9% net reduction in shares outstanding
8% dividend increase CAGR
42 consecutive years of dividend increases
Sources: Company Filings, Bloomberg
Notes:
1. Median payout ratios as of 6/30/2017.
Net Change in Shares Outstanding vs. Select HCM Peers
Net Change In Shares Outstanding (2011-2017)
(3)
Workday
Paycom (3)
Ultimate (4)
Paylocity (3)
TriNet (3)
SAP (4)
24.7%
16.7%
15.3%
4.4%
■ 0.5%
0.1%
(0.8%)
(9.3%)
Intuit (6)
(15.7%)
Oracle (5)
(18.3%)
Insperity (21.2%)
(4)
Paychex (5)
ADP (4)
2. Adjusted net earnings from continuing operations is a non-GAAP
metric. Refer to the Additional Materials for a reconciliation to the closest GAAP metric.
3. Represents net reduction in shares from first filing post-IPO to 6/30/2017.
4. Represents net reduction in shares from 6/30/2011 to 6/30/2017.
5. Represents net reduction in shares from 5/31/2011 to 5/31/2017.
6. Represents net reduction in shares from 4/30/2011 to 4/30/2017.
Copyright
2017 ADP, LLC.
7
ADP
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