Trueblue, Inc. · NYSE:TBI
Trueblue — Non-Deal Roadshow (May 2024)
19 slides from Trueblue's roadshow presentation, May 6, 2024
Slide 1: Investor Roadshow Presentation May 2024
Investor Roadshow Presentation MAY 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements relating to our plans and expectations including, without limitation, statements regarding the future performance and operations of our business, expectations regarding stabilization in demand, and expected growth from
Slide 3: Investment Highlights
Investment Highlights Return of Capital Market leader in U.S. industrial staffing and global RPO with increasingly diverse service offerings to meet evolving client needs Highly fragmented industry with strong secular growth drivers Strong balance sheet and cash flow to support future growth opportu
Slide 4: Our Mission: Connecting People and Work
Our Mission: Connecting People and Work Returning Value to Shareholders 2023 Revenue (Share repurchases last 5 years) $203M $1.9B 67,000 Clients served annually with strong diversity1 464,000 People connected to work during 2023 One of the largest U.S. industrial staffing providers One of the larges
Slide 5: Solving Workforce Challenges
Solving Workforce Challenges Workforce Complexity Many factors, including globalization, the “gig” economy and diversity are changing the world of work requiring a disciplined approach to hiring. Artificial Intelligence Companies are seeking ways to become more nimble and efficient Deploying AI to s
Slide 6: Three specialized segments meet diverse client needs
PeopleReady PeopleScout PeopleManagement Incremental Segment profit margin2 15 – 20% 27 – 32% 8 – 13% Revenue mix1 Segment profit mix1 1 Revenue and segment profit calculations based on FY 2023. We evaluate performance based on segment revenue and segment profit. Segment profit includes revenue, rel
Slide 7: US Industrial Staffing: A Large and Attractive Market
7 US Industrial Staffing: A Large and Attractive Market Why Industrial Staffing? One of the largest segments of the U.S. staffing industry ($34B in 2023) Highly fragmented with no dominant competition Digital adoption by the industry can expand growth opportunity, like rideshare companies did
Slide 8: Recruitment Process Outsourcing: High margin plus double-digit revenue growth
Recruitment Process Outsourcing: High margin plus double-digit revenue growth Why RPO? Nascent market with no single dominant player Traditionally sticky business model with high client retention and engagement Industry produced double-digit annual revenue growth historically and recovered swi
Slide 9: Strong position to capitalize on growth opportunities
Strong position to capitalize on growth opportunities PEOPLE 5,000+ talented, dedicated and mission driven people EXPERIENCE > 30 years of industry experience and deep client relationships TECHNOLOGY Sophisticated technology providing a differentiated user experience MARKET PRESENCE Significant scal
Slide 10: Focused strategy, leveraging our strengths to deliver long-term, profitable growth
Focused strategy, leveraging our strengths to deliver long-term, profitable growth Position our contingent staffing business to compete in a digital-forward future Provide a differentiated experience with proprietary technology Drive efficiencies to optimize our reach and engagement Increase
Slide 11: Digitally transform our business model
Digitally transform our business model 11 Position our contingent staffing business to compete in a digital-forward future o We control our roadmap with new, proprietary JobStack app o Advancement of our digital capabilities through competitive enhancements and quick response to evolving user need
Slide 12: Expand our share in attractive end markets
Expand our share in attractive end markets Expand in high-growth, less-cyclical and underpenetrated end markets o Strong position to capture further growth opportunities with a proven track record in renewable energy work o Focused growth in attractive end markets like healthcare Capitalize on s
Slide 13: Streamline our organizational structure
Streamline our organizational structure Increase focus on operational excellence, cross-selling and innovation Capitalize on opportunities to leverage strengths and synergies to deliver profitable growth Drive efficiencies and bring our teams closer to clients and associates Eliminate silos to take
Slide 14: ESG principles help us make sound decisions
ESG principles help us make sound decisions AAA Rating Risk Ranking: Low Risk Exposure: Low Risk Management: Average Key Statistics: 78% of board members are women or racially diverse 50% of senior management are women 88% of voting shareholders approved executive compensation How ESG guides o
Slide 15: Strong balance sheet with zero debt and ample liquidity
Strong balance sheet with zero debt and ample liquidity Note: Figures may not sum to consolidated totals due to rounding. Balances as of fiscal period end. 1 Borrowing availability is based on maximum borrowing availability under our most restrictive covenant. 2 Buyback ratio calculated as the dolla
Slide 16: Focused capital strategy
Focused capital strategy Investing in technology and returning excess capital to shareholders 18% 47% 35% (2019 - 2023) Net debt reductions Share repurchases Capital expenditures Historical use of capitalCapital allocation priorities Strategic technology investments to further digitalize our busin
Slide 17: Leadership with Deep Expertise
TARYN OWEN PRESIDENT AND CEO Leadership with Deep Expertise 20+ years of industry experience 10+ years as business leader TrueBlue President since 2022 CARL SCHWEIHS EVP AND CFO 10+ years of industry experience 10+ years of finance experience TrueBlue CFO since 2023 KRISTY WILLIS EVP AND PRESIDENT,
Slide 18: TrueBlue Highlights
TrueBlue Highlights Mission Driven Connecting People and Work
Slide 19: Thank You
Ss THANK YOU E] trueblue @