Peoplein Limited · ASX:PPE
Peoplein — H1 2025 Earnings Presentation
19 slides from Peoplein's earnings presentation, Feb 24, 2025
Slide 1: Financial Year 2025: Simplify Workforce Complexity
FINANCIAL YEAR 2025 SIMPLIFY WORKFORCE COMPLEXITY
Slide 2: To Inspire Excellence in Our People
TO INSPIRE EXCELLENCE IN OUR PEOPLE
Slide 3: Consistent Performance Proven Delivery
CONSISTENT PERFORMANCE PROVEN DELIVERY Well-positioned for growth as business confidence returns, presenting a timely opportunity for long-term shareholder value. ▶ Stable earnings of $19.3m ($10.2m in Q2) and continuing to deliver on key business improvement and client initiatives. ▶ Rates: charge
Slide 4: Key Indicator Trends
KEY INDICATOR TRENDS Revenue $m EBITDA $m 32.5 596.7 602.7 572.6 21.6 20.3 19.3 315.9 H1 FY22 H1 FY23 H1 FY24 H1 FY25 H1 FY22 Normalised H1 FY23 Normalised H1 FY24 Normalised H1 FY25 Normalised Net Revenue Margin % Earnings Per Share (cents) 36.4% 33.6% 20.7 25.7% 25.9% 14.8 13.3 9.7 H1 FY22 Nor
Slide 5: Financial Performance
FINANCIAL PERFORMANCE $'M H1 FY25 H1 FY24 Mvmt ▶ Revenue down 5.0% in difficult economic conditions. Revenue 572.6 602.7 (5.0%) Hours down 12.0% from last year. Net Revenue 76.4 80.4 (5.0%) ▶ Improvement in billed rates up 9.1% versus prior year Operating Expenses (56.6) (59.7) (5.3%) with business
Slide 6: Building Trading Momentum
BUILDING TRADING MOMENTUM Normalised EBITDA by Qtr $M (after minority interests) ▶ Sustained trading momentum, with business performance holding steady throughout the half-year. 10.2 9.8 ▶ Stronger Q2 results, consistent with 2024 levels and 9.1 positioned for further growth. 6.9 ▶ Increase of hig
Slide 7: Client Margin Recovery
CLIENT MARGIN RECOVERY Billed Rates per Hour ▶ Billing rates on the rise, increasing throughout FY24 and continuing higher into H1 FY25, up 9.1%. ▶ Tight labour market impact, with low unemployment affecting candidate availability in select segments. ▶ Optimised candidate allocation, driving gains b
Slide 8: Resilience Through Leading Platforms
RESILIENCE THROUGH LEADING PLATFORMS GROWING ► Growth in hours in Community sectors and child protection up 9.1% on prior year. Rates 9.9% higher. Costs steady, improving productivity and client allocation. ► Change in client mix reducing hours 7.8% but increasing rates 18.3% on prior year. ► Billed
Slide 9: Strong Cash Flow
Cash Conversion STRONG CASH FLOW 150% 120% $M H1 FY25 H1 FY24 90% 60% Cash Flows from Operating Activities Receipts from customers 645.3 649.9 30% Payments to suppliers and employees (622.4) (655.9) 0% Operating cashflow pre interest and taxes 22.9 (6.0) Normalised cash collections to EBITDA Normali
Slide 10: Exceeding Capital Targets
EXCEEDING CAPITAL TARGETS A disciplined financial approach positioning us for long-term growth. Net Debt ▶ Total Net Debt reduced to $61.9m down from $79.3m in 90 June 2024. 80 ▶ Strong cash collections and lower debt levels reduced Net 70 Debt ratio to 1.68x from 2.1x 60 ▶ Maintaining our pausing o
Slide 11: Platform for Growth
PLATFORM Continuing to drive our current key group-wide growth initiatives: ▶ Cross sell: continuing to sell our professional services staffing solutions to our existing client base, especially in the health FOR GROWTH and community sector. ▶ Fed Gov/Defence: investigating pacific recruitment has no
Slide 12: Thank You
THANK YOU Q&A 12
Slide 13: Appendices
APPENDICES 13
Slide 14: Reconciliation of Statutory to Normalised EBITDA
RECONCILIATION OF STATUTORY TO NORMALISED EBITDA Dec-24 Dec-23 Statutory Profit Before Tax (1,739) 4,716 Depreciation and amortisation 8,635 8,394 Finance costs 3,899 3,834 EBITDA 10,795 16,944 Normalisation adjustments: Performance rights costs 10 61 Transaction/Restructure costs 652 1,057 Write-of
Slide 15: Industrial & Specialist Services
INDUSTRIAL & SPECIALIST SERVICES Billed Hours OVERVIEW 20,000,000 The leader in providing general staffing services to small and medium-sized businesses across Australia in a wide range of sectors including industrial, food services, childcare and hospitality. 15,000,000 Also provides specialist ser
Slide 16: Professional Services
PROFESSIONAL SERVICES Billed Hours 1,200,000 OVERVIEW 1,000,000 Specialist in Professional Services recruitment focusing on technology, accounting, finance, 800,000 business services support and IT advisory. 600,000 400,000 PERFORMANCE ‣ Business conditions continued to remain challenging across the
Slide 17: Healthcare & Community
HEALTHCARE & COMMUNITY Billed Hours 2,500,000 OVERVIEW 2,000,000 The largest workforce of supplementary nurses and personal carers on the eastern seaboard of Australia, providing staffing into hospitals and aged care facilities. Also provides talent solutions and 1,500,000 supplementary staffing wit
Slide 18: Disclaimer
DISCLAIMER This presentation has been prepared by PeopleIn Limited (Company) together with its related bodies corporate (PeopleIN). The material contained in this presentation is for information purposes only and is intended to be general background information on PeopleIN and its activities. This p
Slide 19: People’
People’