Dlh Holdings Corp. · NASDAQ:DLHC
Dlh — Teamstaff — Shareholder Meeting (April 2006)
14 slides from Dlh's shareholder meeting presentation, Apr 27, 2006
Slide 1: Annual Shareholders Meeting April 27, 2006
Annual Shareholders Meeting April 27, 2006 NASDAQ: TSTF Nursing Innovations sm A Division of TeamStaff Rx ® CONFIDENTIAL 1 TeamStaff Board of Directors Chairman, T. Stephen Johnson Vice-Chairman, Karl W. Dieckmann Directors Ron Aldrich Peter Black Martin J. Delaney Ben Dyer Rocco J. Marano
Slide 2: TeamStaff Management
T. Kent Smith 2 TeamStaff Management T. Kent Smith, President and CEO Rick Filippelli, Vice President and CFO James D. Houston, Vice President, General Counsel and Secretary Greg Haygood, Chief Technology Officer Timothy Nieman, Senior Vice-President Peter Rosen, Vice President, Human Resources Cher
Slide 3: Forward-Looking Statements
c. Company Turnaround 2003-2005 d. Company Acquisitions e. Healthcare Staffing Industry Overview and Trends f. Financials g. Summary 4 Forward-Looking Statements This presentation contains "forward-looking statements" as defined by the Federal Securities Laws. TeamStaff's actual results could differ
Slide 4: Company Vision: Reposition TeamStaff As A Top Dozen '1-Stop Shop' Healthcare Staffing Provider
Services Brands: Clearwater, FL Acquired 11/2004 Nursing Innovations sm Memphis, TN A Division of TeamStaff Rx ® Acquired 6/2005 Monroe, GA Payroll Services Brand: CONFIDENTIAL 6 Company Vision: Reposition TeamStaff As A Top Dozen ‘1-Stop Shop’ Healthcare Staffing Provider To The Commercial & Govt.
Slide 5: Overview of Brands: Allied Health and Nursing Innovations
Overview of Revenues of $23.7 million for the Trailing Twelve Months ended December 31, 2005 A Leading National Provider of Allied ‘Travel’ Health Personnel and Permanent Placement Focus on specialty areas that are critical for hospital—radiological techs, cardiovascular techs, ultrasound techs, rad
Slide 6: Overview of Brands: Government Services and Payroll
CONFIDENTIAL 9 Overview of Pre-Acquisition Pre-Tax Income (adjusted for owner takeouts) of approximately $2.1 million for FYE 2004 Healthcare and Clerical Provided to the Government – VA & GSA (Government Services Administration) Government contracts are typically awarded for 3-5 years, helping to o
Slide 7: Company Turnaround 2003-2005
Steady source of cash flow Niche Payroll and Tax Reporting Service for the Construction Industry Serves the Tri-State area--New York, New Jersey and Connecticut Provides customized union reporting and Certified Payrolls Founded in 1969 CONFIDENTIAL 11 Company Turnaround 2003-2005: $29m Loss in Fisca
Slide 8: Company Acquisitions: Purchasing RS Staffing in June 2005
Successful Equity Raise to Initiate Acquisitions $4 Million “Pipe” Offering Completed November 2004 Made Two Acquisitions To Improve Company Scale & Market Position to the Healthcare Providers Bought $14 Million Revenue Travel Nurse Company in November 2004 Bought $41 million Healthcare Provider to
Slide 9: Industry Overview: Three Segments of a $10 Billion Industry
Industry Overview: TeamStaff Participates in Three Segments of a $10 Billion Industry Per Diem Locum Tenens (Physicians) Nursing $1.0 $4.2 Allied Health/Pharmacy/Other Travel Nursing $3.3 $1.5 *Source: Staffing Industry Analysts, Inc. estimates and projections CONFIDENTIAL 15 Industry Overview: Past
Slide 10: Industry Overview: Attractive Future Dynamics For HealthCare Professionals
Change vs. Prior Year +27% +11% -8.5% -3.0% +2.5% +5.0% +6.0% CONFIDENTIAL Source: Staffing Industry Analysts, Inc. estimates and projections 16 Industry Overview: Attractive Future Dynamics For HealthCare Professionals US Population Is Aging US Population over 65 Is Expected to Increase by over 14%
Slide 11: Industry Overview: Healthcare Staffing Industry Trends
*Source: Nursingworld.org CONFIDENTIAL 18 Industry Overview: Healthcare Staffing Industry Trends Are Repeating History From the Commercial Staffing Trends of the 1990’s Vendor Consolidation One-Stop Industry Consolidation Shopping 41% of Healthcare Nursing providers adding Acquisitions for additiona
Slide 12: Balance Sheet
Gross Profit % of Revenue 25.4% 24.1% 20.4% 19.7% 21.8% 20.5% Total SG&A Expenses 3,133 3,429 3,823 3,943 14,328 4,052 Fee Income 48 36 41 31 157 40 EBITDA (496) (767) (1,020) 261 (2,021) 299 EBITDA % of Revenue -4.9% -7.0% -7.5% 1.2% -3.6% 1.4% Depreciation & Amortization 149 184 103 125 561 122 EB
Slide 13: Summary Of TeamStaff Opportunities
Corporate Overhead Continues to Decline Despite Acquisition Growth 9% $1.48m $1.35m Employee Related Other SG&A 1Q05 1Q06 CONFIDENTIAL 22 Summary Of TeamStaff Opportunities Long-Term Growth Dynamics of Healthcare Staffing Industry Rebounding fully in 2006 Capability to make additional Acquisitions t
Slide 14: CONFIDENTIAL
CONFIDENTIAL 23