1. Automatic Data Processing: A Leading Edgewood, NY Based
Technology Company
Tiburon Research
April 30, 2019

2. Automatic Data Processing
Comments
Founded in 1999
Based in Edgewood, NY
CEO: Carlos Rodriguez
Chairman: Arthur Weinbach
Web Site: &
Source: 4/30/19 Automatic Data Processing Web Site; 10/25/07 Broadridge Web Site; 11/28/05 Automatic Data Processing Web Site; 10/26/05 Automatic Data Processing Web Site; 4/05 Investment Advisor; 1/11/04 Accounting Today; 1/23/03 FRA Conference Brochure; 10/30/02 Schwab Conference Brochure; 8/16/01 Greenrock Conversation (Malone); Tiburon Research & Analysis 2

3. Automatic Data Processing History
Automatic Data Processing was Founded in 1999 and Has Subsequently Evolved through its Early, Middle, & Recent Phases
Automatic Data Processing
History
Automatic Data Processing
Founded
Automatic Data Processing
Today
Early
Phase
Middle
Phase
Recent
Phase
Approximate
Dates:
1999
2019
Key Steps:
1999: Automatic Data Processing founded
XXXX: --
XXXX: --
XXXX: --
Source: 4/30/19 Automatic Data Processing Web Site; 10/25/07 Broadridge Web Site; 11/28/05 Automatic Data Processing Web Site; 10/26/05 Automatic Data Processing Web Site; 4/05 Investment Advisor; 1/11/04 Accounting Today; 1/23/03 FRA Conference Brochure; 10/30/02 Schwab Conference Brochure; 8/16/01 Greenrock Conversation (Malone); Tiburon Research & Analysis 3

4. Automatic Data Processing was Founded by XXXX in 1999
Comments
Founded in 1999
Based in Edgewood, NY
Source: 4/30/19 Automatic Data Processing Web Site; 10/25/07 Broadridge Web Site; 11/28/05 Automatic Data Processing Web Site; 10/26/05 Automatic Data Processing Web Site; 4/05 Investment Advisor; 1/11/04 Accounting Today; 1/23/03 FRA Conference Brochure; 10/30/02 Schwab Conference Brochure; 8/16/01 Greenrock Conversation (Malone); Tiburon Research & Analysis 4

5. Automatic Data Processing is Not a Frequent Advertiser
Advertising
Comments --
Source: Tiburon Research & Analysis 5

6. Automatic Data Processing Automatic Data Processing
Automatic Data Processing Has a Web Site with Six Core Sections, Including What We Offer, Who We Serve, Resources, About ADP, Support, & Login
Automatic Data Processing
Web Site
Automatic Data Processing
Web Site
What We Offer
Who We Serve
Resources
About ADP
Support
Login
Source: 4/30/19 Automatic Data Processing Web Site; Tiburon Research & Analysis 6

7. Automatic Data Processing is Not a Frequent Acquirer
Acquisitions
Comments --
Source: Tiburon Research & Analysis 7

8. Automatic Data Processing Has a Charitable Giving Program
Comments --
Source: Tiburon Research & Analysis 8

9. Automatic Data Processing Has Offices
Needs data
Automatic Data Processing
Offices
Source: Tiburon Research & Analysis 9

10. Automatic Data Processing Has Employees
Needs data
Automatic Data Processing
Employees
Source: Tiburon Research & Analysis 10

11. Automatic Data Processing Serves Clients
Needs data
Automatic Data Processing
Clients
(Millions)
Source: Tiburon Research & Analysis 11

12. Automatic Data Processing Generates Revenues
Needs data
Automatic Data Processing
Revenues
($ Millions)
Source: Tiburon Research & Analysis 12

13. Automatic Data Processing Earns $___ Million
Needs data
Automatic Data Processing
Net Profits
($ Millions)
Source: Tiburon Research & Analysis 13

14. Automatic Data Processing Has a Number of Businesses, Including…-- -- -- -- --
Source: Tiburon Research & Analysis 14

15. Automatic Data Processing’s First Business is ___
Comments --
Source: Tiburon Research & Analysis 15

16. Automatic Data Processing’s Second Business is ___
Comments --
Source: Tiburon Research & Analysis 16

17. Automatic Data Processing is Led by its CEO Carlos Rodriguez
Organizational Chart
Carlos Rodriguez
President & CEO -- -- -- -- --
Source: 4/30/19 Automatic Data Processing Web Site; Tiburon Research & Analysis 17

18. Automatic Data Processing
Automatic Data Processing Has a Board of Directors Led by its Chairman…
Automatic Data Processing
Board of Directors --
Chairman -- -- -- -- -- -- -- -- --
Source: Tiburon Research & Analysis

19. Automatic Data Processing is Privately Owned
Comments --
Source: Tiburon Research & Analysis 19

20. Automatic Data Processing Has Assets
Needs data
Automatic Data Processing
Assets
($ Millions)
Source: Tiburon Research & Analysis 20 20 20

21. Automatic Data Processing Has Liabilities
Needs data
Automatic Data Processing
Liabilities
($ Millions)
Source: Tiburon Research & Analysis 21 21 21

22. Automatic Data Processing Has Shareholders Equity
Needs data
Automatic Data Processing
Shareholders Equity
($ Millions)
Source: Tiburon Research & Analysis 22 22 22

23. Automatic Data Processing Earns… Per Share
Needs data
Automatic Data Processing
Earnings Per Share
Source: Tiburon Research & Analysis 23 23 23

24. Automatic Data Processing Declares… Dividends Per Share
Needs data
Automatic Data Processing
Dividends Per Share
Source: Tiburon Research & Analysis 24 24 24

25. Automatic Data Processing Has a … Dividend Yield
Needs data
Automatic Data Processing
Dividend Yield
Source: Tiburon Research & Analysis 25 25 25

26. Automatic Data Processing’s Stock Price is …
Needs data
Automatic Data Processing
Stock Price
Source: Tiburon Research & Analysis 26 26 26

27. Automatic Data Processing Has… Shares Outstanding
Needs data
Automatic Data Processing
Shares Outstanding
Source: Tiburon Research & Analysis 27 27 27

28. Automatic Data Processing’s Market Capitalization is…
Needs data
Automatic Data Processing
Market Capitalization
($ Millions)
Source: Tiburon Research & Analysis 28 28 28

29. Automatic Data Processing is Owned by….
Needs real data
Automatic Data Processing
Ownership
By Owner
Source: Tiburon Research & Analysis 29 29 29

30. Automatic Data Processing’s Stock Volume is….
Needs data
Automatic Data Processing
Stock Volume
Source: Tiburon Research & Analysis 30 30 30

31. Tiburon Strategic Advisors
Comments
Focus on corporate-level strategy
Serve senior executives only at financial services companies
Key services: market seminars, market research, & strategy consulting
Served over 450 corporate clients and completed over 2,200 projects since 1998
Host semi-annual CEO Summits, offer free weekly research releases, and offer free business benchmarking tools for all types of advisors
Chip Roame background
McKinsey & Company
Charles Schwab & Company
Tiburon since 1998
Source: Tiburon Research & Analysis 31 31