Trueblue, Inc. · NYSE:TBI
Trueblue — Non-Deal Roadshow (April 2018)
18 slides from Trueblue's roadshow presentation, Apr 30, 2018
Slide 1: Investor Roadshow Presentation
trueblue Investor Roadshow Presentation * April 2018
Slide 2: Forward-Looking Statements
Forward-Looking Statements April 2018
Slide 3: Investment Highlights
Investment Highlights April 2018 3 Track record of favorable growth and investor returns Strong free cash flow and balance sheet
Slide 4: TrueBlue at a Glance
TrueBlue at a Glance April 2018 4 108,000 Customers served annually with strong diversity1 740,000 People connected to work during 2017 One of the largest U.S. industrial staffing providers #1 Global RPO provider2 2013-2017 Average Return on Equity3 2013-2017 Revenue CAGR $2.5B 2017 Revenue 11% Grow
Slide 5: Three Specialized Segments Meet Diverse Customer Needs
Three Specialized Segments Meet Diverse Customer Needs April 2018 On-site contingent workforce management solutions1 1 We use the following distinct brands to market our PeopleManagement contingent workforce solutions: Staff Management | SMX, SIMOS Insourcing Solutions and Centerline. 2 Also include
Slide 6: Solving Workforce Challenges Globally
Solving Workforce Challenges Globally April 2018 6 complex global diverse age 65 will be almost double worker shortage growth 1 Bureau of Labor Statistics Employment Projections: Occupations with the most job growth, 2016-2026. Industrial staffing and RPO jobs: #2: food prep/serving workers, #8: lab
Slide 7: Strong Position in Attractive Vertical Markets
Strong Position in Attractive Vertical Markets April 2018 7 Construction Manufacturing Transport & Wholesale Retail & Services In d u s tr y D y n a m ic s FY-17 Business Mix: 23% FY-17 Business Mix: 26% FY-17 Business Mix: 22% FY-17 Business Mix: 20% Housing Starts Have Not Ke
Slide 8: Powerful Secular Forces in Industrial Staffing
Powerful Secular Forces in Industrial Staffing April 2018 8 6% Growing Market o o o o Positive Demographic Trends Temporary Help Penetration Growth Compelling Technology Rise of E-commerce On-Shoring Comeback 1 Source: Staffing Industry Analysts. 2 Source: TrueBlue estimate b
Slide 9: Segment Strategy Highlights
Segment Strategy Highlights April 2018 Boost shareholder returns through share repurchase Grow On-Premise Solutions Differentiated offering Perfect fit for larger customers with longer-duration / strategic need for contingent workers Strength in the e- commerce vertical Well Positioned Recog
Slide 10: JobStack Mobile App – A Competitive Differentiator
JobStackTM Mobile App – A Competitive Differentiator April 2018 JobStackTM is a next generation mobile app that algorithmically matches workers with available jobs. 24/7 order creation Real-time order fill rates Associate ratings Worksite ratings Work week control Driving Value for TrueBlu
Slide 11: On-premise and E-commerce
On-premise and E-commerce April 2018 E-commerce Vertical Leadership Labor intensive pick-and-pack movement v. traditional bulk pallets Increasing demand for PeopleManagement's ability to deliver a flexible, fully sourced and managed workforce Driving On-premise Perfect fit for larger customers
Slide 12: PeopleScout: Attractive Margin and Rapid Growth
PeopleScout: Attractive Margin and Rapid Growth April 2018 21% 9% FY-17FY-15 Segment Profit Margin PeopleScout TBI Total Industry Leadership o #1 global provider of enterprise RPO1 o Emerging healthcare vertical strength Differentiated Service Proprietary technology drives value-add recruitment
Slide 13: Well Positioned to Boost Shareholder Returns with Buybacks
Well Positioned to Boost Shareholder Returns with Buybacks 1 $100 million stock repurchase authorization announced on 30 October, 2017. $93 million remaining under the authorization as of 31 March, 2017. 2 Calculated as net cash provided by operating activities, minus purchases for property and equi
Slide 14: Appendix
Appendix
Slide 15: Non-GAAP Financial Measures and Non-GAAP Reconciliations
April 2018 15 NON-GAAP FINANCIAL MEASURES AND NON-GAAP RECONCILIATIONS In addition to financial measures presented in accordance with U.S. GAAP, we monitor certain non-GAAP key financial measures. The presentation of these non-GAAP financial measures is used to enhance the understanding of certain a
Slide 16: Reconciliation of U.S. GAAP Net Income to Adjusted Net Income
1. RECONCILIATION OF U.S. GAAP NET INCOME (LOSS) TO ADJUSTED NET INCOME AND ADJUSTED NET INCOME, PER DILUTED SHARE (Unaudited) April 2018 16 2017 2016 2015 2014 52 Weeks Ended 53 Weeks Ended 52 Weeks Ended 52 Weeks Ended (in thousands, except for per share data)* Dec 31, 2017 Jan 1, 2017 Dec 25, 201
Slide 17: Reconciliation of Operating Cash Flow to Free Cash Flows
April 2018 17 3. RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOWS (Unaudited) 2017 2016 2015 2014 52 Weeks Ended 53 Weeks Ended 52 Weeks Ended 52 Weeks Ended (in thousands) Dec 31, 2017 Jan 1, 2017 Dec 25, 2015 Dec 26, 2014 Net cash provided by operating activities $ 99
Slide 18: Footnotes
April 2018 18 Footnotes: 1. Acquisition/integration and other costs related to the acquisition of the recruitment process outsourcing business of Aon Hewitt, which was completed on January 4, 2016, the acquisition of SIMOS, which was completed on December 1, 2015, the acquisition of Seaton, which wa