Barrett Business Services, Inc. · NASDAQ:BBSI
Barrett Business Services — Investor Presentation (August 2026)
23 slides from Barrett Business Services's investor presentation, August 2026
Slide 1: Investor Presentation
August 2026 INVESTOR PRESENTATION NASDAQ: BBSI
Slide 2: Forward-Looking Statement
Forward-Looking Statement Statements in this presentation about future events and financial outlook are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be mat
Slide 3: What We Do
BBSI provides comprehensive business solutions and expertise as a professional employer organization What (PEO), empowering We Do small businesses to grow and prosper. 3
Slide 4: Our Mission is Critical to Small Businesses
Our Mission is Critical to Small Businesses Business Starts Hires Employees Faces Challenges • Entrepreneur starts with • Hire talent to grow • Finding talent an idea and a passion your business • Training and development • Policies and procedures • Experience initial • Start to experience • Regulat
Slide 5: How We Help Small Businesses
How We Help Small Businesses High-touch PEO services, • People are our product with a local service team: • Services centered around the entire employee lifecycle • Local expertise in BBSI branches combined with the scale and support of national resources • Relationship-based approach, fostering lon
Slide 6: Our PEO Services
Our PEO Services Business • Organization structure • Growth strategy Strategy • Long-range planning • Succession / Exit strategy Employee Risk & Payroll HR Benefits Safety • Dedicated Payroll • Dedicated HR Consultant • Dedicated Benefits • Dedicated Risk Consultant Manager • Employee handbook and C
Slide 7: Client Portal
Client Portal Proprietary myBBSI Portal • Central Hub for BBSI Tools • Custom Dashboard • Employee Self-Service • Payroll Processing • Benefits Management • Advanced Reporting 7
Slide 8: Workers' Compensation Program
Workers’ Compensation Program Every business is required to have workers’ compensation coverage Low insurance risk We provide better solutions for shareholders • Corporate expertise and resources Fully-insured for 85%+ • Local underwriting and account management of our claims exposure • Holistic vie
Slide 9: BBSI Benefits Program
BBSI Benefits Program Small businesses have access to health benefits through BBSI that they wouldn’t otherwise No insurance risk ü Access to plan designs not available in the traditional small group market for shareholders ü Full-service administration by BBSI ü Better pricing based on underwriting
Slide 10: We Compete in a Large PEO Market With Low Penetration
We Compete in a Large PEO Market Current PEO Industry Penetration With Low Penetration Small businesses not yet 13% adopting PEO model PEO clients Target Market: 87% companies with <500 employees This comprises: Current BBSI ü 99% of firms with paid employees Market Penetration 1% (6.3M businesses)
Slide 11: This Market is Not Only Large, But Steadily Growing
This Market is Not Only Large, But Steadily Growing Industry Size % Change 2020 2022 Per Year from 2020 to 2022 PEO Worksite Employees 4.0 million 4.5 million 7% Annual WSE Wages $216 billion $308 billion 19% Number of PEO Clients 173,000 208,000 10% Source: NAPEO, “PEO Industry Footprint 2023.” 11
Slide 12: Growth Strategy
Growth Strategy • In Existing Markets ü Significant white space remains in every market ü We can easily scale existing branches by adding service teams ü Largest branches have up to six service teams • In New Geographies ü “Asset-light” expansion – Hire local Market Development Manager (MDM) and ser
Slide 13: Market Position
Market Position Established Markets Asset-light Markets with local MDM and virtual service team Currently Serve Client Employees in all 50 states 13
Slide 14: Our Go-To-Market Strategy
Our Go-To-Market Strategy An Omni-Channel Approach Referral Partners Client Direct Trusted advisors and partners of Referrals small businesses Higher yield than traditional Well-established Optimizing our direct-sale strategies track record of digital presence Examples: clients referring to capture
Slide 15: Growth Drivers
Growth Drivers Billings Growth Earnings Growth Controllable Growth from Profit Margin Billings Growth Existing Clients Expansion + Client adds + Client payroll growth P Adding employees • Operating leverage + Client retention through scale + New client services – P Increasing wages Including medical
Slide 16: Competitive Differentiation
Competitive Differentiation How BBSI is Different + We are local and high-touch, serving Similarities to other large PEOs our clients from a physical branch location – no 800-number ü HR expertise for small business + We don’t take insurance risk – both on health and 85%+ of workers’ comp ü Medical
Slide 17: Financial Overview
BES! FINANCIAL OVERVIEW
Slide 18: Financial Highlights
Financial Highlights • No debt • Little-to-no insurance risk • Annual recurring revenue • Capital-light business model Financial Strength • Strong, consistent free cash flow and Predictable ü $50M+ per year Results • Active shareholder return plan ü Dividend ü Stock buyback program 18
Slide 19: Capital Allocation Priorities
Capital Allocation Priorities Financial metrics as of Jun. 30, 2026 1 2 3 4 Reinvest in Potential Share Dividend Business Acquisitions Repurchases • Product / • Accelerate • Raised dividend • $60M repurchased technology geographic by 7% to $0.08 (TTM) enhancements expansion (Q2-24) • $100M repurchas
Slide 20: Annual Gross Billings Growth
Annual Gross Billings Growth $9,042 $8,327 $ in millions $7,716 $7,394 $6,570 $5,971 $5,925 $5,663 $5,301 $4,693 $4,016 $3,357 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20
Slide 21: Annual Diluted EPS Growth
Annual Diluted EPS Growth $2.08 $1.98 $1.85 $1.57 $1.64 $1.25 $1.25 $1.10 $0.83 2017 2018 2019 2020 2021 2022 2023 2024 2025 Historical diluted EPS figures presented herein have been retroactively adjusted to reflect the impact of the four-for-one stock split of June 2024. 21
Slide 22: Key Financial Stats
Key Financial Stats Trading Data (August 7, 2026) Financial Highlights (Jun. 30, 2026) 2026 Financial Outlook Stock Price $33.18 Gross Billings (TTM) $9.2B Gross Billings 3-4% 52 Week High/Low $49.65 / $25.33 Income from Ops. (TTM) $52.2M Growth in WSEs 2-3% Institutional Holdings 96% Diluted EPS1 (
Slide 23: Investor Contact
INVESTOR CONTACT : CODY SLACH GATEWAY GROUP, INC. 949-574-3860 BBSI@gateway-grp.com NASDAQ: BBSI
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