Sthree Plc · LSE:STEM
Sthree — FY2021 Earnings Presentation
11 slides from Sthree's earnings presentation, Dec 13, 2021
Slide 1: FY 2021 Trading Update
FY 2021 TRADING UPDATE 13 DECEMBER 2021
Slide 2: FY Summary
FY SUMMARY A record net fee performance • Momentum has continued through the fourth quarter, Right strategy generating a record FY net fee performance – surpassing our previous record year of 2019 Right markets • Driven by great execution of our strategy, to be positioned at the centre of secular tr
Slide 3: FY21 – Strong Growth Across Contract & Permanent
FY21 – STRONG GROWTH ACROSS CONTRACT & PERMANENT Record net fees up vs 2020 and vs 2019 FY 2021 FY 2021 Q4 2021 Q4 2021 • Q4 net fees up 25% vs 2020 vs vs vs vs 2020 2019 2020 2019 • FY net fees up 19% vs 2020 Contract +17% +9% +26% +18% • FY net fees up 9% vs 2019 Permanent +24% +8% +25% +12% • Con
Slide 4: Regional and Sector Split
REGIONAL AND SECTOR SPLIT YoY growth achieved in every large market and sector • Strong growth in the year driven by our three • Strong growth in our largest sector, Technology - largest countries: Germany, US and up 23% - driven by all our major geographies Netherlands • Life Sciences up 25% driven
Slide 5: FY21 – Regional Performance: DACH
FY21 – REGIONAL PERFORMANCE DACH: FY 2021 FY 2021 Q4 2021 Q4 2021 vs vs vs vs • Strong performance with net fees up 24% 2020 2019 2020 2019 • Germany, our largest country in the region, saw strong net fee growth of 23% DACH +24% +20% +30% +28% • Technology up 34% and Life Sciences up 25% Group +19%
Slide 6: FY21 – Regional Performance: EMEA excluding DACH
FY21 – REGIONAL PERFORMANCE EMEA excluding DACH: FY 2021 FY 2021 Q4 2021 Q4 2021 • Net fees up 9% YoY vs vs vs vs 2020 2019 2020 2019 • Strong performance in Netherlands, our largest country in the region, up 19% EMEA ex +9% -9% +24% -1% DACH • UK net fees up 8% YoY • In the UK, Technology was up 11
Slide 7: FY21 – Regional Performance: USA
FY21 – REGIONAL PERFORMANCE USA: FY 2021 FY 2021 Q4 2021 Q4 2021 • Excellent performance in the year up 24% vs vs vs vs • Technology up 35%, Life Sciences up 25% 2020 2019 2020 2019 and Engineering up 11% USA +24% +26% +18% +31% Group +19% +9% +25% +16% 25% 25% 7
Slide 8: FY21 – Regional Performance: APAC
FY21 – REGIONAL PERFORMANCE APAC: FY 2021 FY 2021 Q4 2021 Q4 2021 • Net fees up 34% vs vs vs vs 2020 2019 2020 2019 • Japan, our largest country in the region, up 27% APAC +34% -1% +64% +16% • Technology up 29% in Japan, and Life Sciences up 48% Group +19% +9% +25% +16% 3% 3% 8
Slide 9: Robust Financial Position
ROBUST FINANCIAL POSITION Well funded with excellent forward visibility Contractor order book Balance sheet £152.7m £58m £117.3m £106.7m Net cash at 30 November 2021 (30 November 2020: £50m; 31 August 2021: £51m) FY 2019 FY 2020 FY 2021 Contractor order book up 43% YoY and up 30% vs 2019 9
Slide 10: Outlook
OUTLOOK Full year performance expected to be in line with recently upgraded consensus • Demand for STEM skills is expected to continue to grow as Right strategy we head into a new economic future • Well positioned moving into 2022 underpinned by Right markets contractor order book which is up 43% Yo
Slide 11: Questions?
QUESTIONS? 11