Investor Presentaiton
ADP TSR Benchmarking (1)(2)
Assumes Market Capitalization Weighting as of 7/26/17
TSR - Since Carlos Rodriguez CEO Appointment (11/9/11)
203%
166%
TSR - 5 Years (7/26/12)
153%
175%
128%
116%
86%
130%
142%
103%
102%
83%
ADP
S&P 500 Index Broader HCM-Related Gartner Cloud
Services
Players
Landscape
ADP
S&P 500 Index
HCM MQ
Broader
Services
Landscape
HCM-Related Gartner Cloud
Players
HCM MQ
73%
TSR - 3 Years (7/25/14)
19%
TSR - 1 Year (7/26/16)
57%
25%
26%
54%
33%
35%
17%
13%
29%
7%
ADP
S&P 500 Index
Broader
Services
Landscape
HCM-Related Gartner Cloud
Players HCM MQ
ADP
S&P 500 Index Broader
Services
Landscape
HCM-Related Gartner Cloud
Players HCM MQ
As of 7/26/17 Close Price
As of 7/27/17 Intraday + CDK Reinvestment (3)(4)
Sources: Bloomberg, Capital IQ
Notes:
1. See relevant Additional Materials pages for additional details on selection criteria.
2. Consistent with Bloomberg methodology, dividends are reinvested on ex-dividend date.
3. Dividend reinvestment on dividend payment date results in 202% TSR in the "Since Carlos Rodriguez CEO Appointment (11/9/11)" timeframe.
4. Assumes ADP's 7/27/17 intraday price of $111.65 as of 12:00PM, which is the assumed ADP "unaffected" price (see page 61 for additional detail);
assumes shareholders have held their CDK shares since it was spun off from ADP on October 1, 2014 and all ADP and CDK dividends have been
reinvested on the ex-dividend date.
Copyright 2017 ADP, LLC.
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ADP
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