Investor Presentaiton
Return 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
22View entire presentation