Slide 1: Investor Presentation
I N V E S T O R P R E S E N T A T I O N
Slide 2: Forward-looking statements
2 Certain statements made by us in this presentation that are not historical facts or that relate to future plans, events or performances are forward-looking statements that reflect management’s current outlook for future periods, including statements regarding future financial performance. These fo
Slide 3: TrueBlue at a Glance
) 3 130,000 840,000 April 2016 Investor Presentation TRUEBLUE AT A GLANCE $2.7B 2015 Revenue 2013-2015 Average Return on Equity2 27% Growth 2012-2015 Adjusted EBITDA CAGR1 16% Return 1 See “Financial Information” in the Investors section of our website at www.trueblue.com for a definition and full r
Slide 4: TrueBlue's Growth Story
Demand-driven organic growth >$650M invested in 20 acquisitions 4 1989 Build-out • • • 2004 Growth • • • Expansion into recruitment process outsourcing (“RPO”) and workforce • • recruiting 2014 Longer term staffing assignments Stilled Trades Aviation mechanics Truck drivers (formerly Seaton) Workfor
Slide 5: Investment Highlights
1 Staffing Industry Analysts, Growth Assessment: Industrial Staffing (2015). April 2016 Investor Presentation 5 INVESTMENT HIGHLIGHTS
Slide 6: Specialized Service Offerings to Meet Client Needs
6 WORKFORCE MANAGEMENT RECRUITIMENT PROCESS OUTSOURCING (RPO) TrueBlue helps clients improve performance and increase growth by providing specialized staffing, workforce management and recruiting solutions. April 2016 Investor Presentation SPECIALIZED SERVICE OFFERINGS TO MEET CLIENT NEEDS Staffing
Slide 7: Solving Talent Challenges
7 April 2016 Investor Presentation SOLVING TALENT CHALLENGES The “talent” space is a good place to be, as businesses will increasingly turn to human capital experts to help solve global talent challenges. Workforce Complexity Workforces are becoming increasingly complex and global. Companies are str
Slide 8: Compelling Market Trends Driving Growth
8% • • • • • • • • 8 Staffing Services Managed Services Industry Highlights CAGR 15% 2011 – 2015 Industry Highlights April 2016 Investor Presentation COMPELLING MARKET TRENDS DRIVING GROWTH
Slide 9: Serving Growing Industries
Construction Manufacturing Transportation & Wholesale Retail In d u s tr y D y n a m ic s • • • • • • • • • • • 21% 24% 22% 18% Construction Upside Potential Industrial Production Still Strong Wholesale Trade At New Peak Retail Trade Continued Growth Source: U.S. Census Bureau Source: U.S. Board of
Slide 10: Strategic Priorities
10 April 2016 Investor Presentation STRATEGIC PRIORITIES
Slide 11: Acquisitions
Acquisitions
Slide 12: SIMOS Productivity Model Enhances TBI On-premise Capabilities
SIMOS Productivity Model Enhances TBI On-premise Capabilities 12 April 2016 Investor Presentation • • • About SIMOS Transaction Info Acquisition Date December 1, 2015 Purchase Price1 $67.5M cash up-front plus additional cash “earn- out” of up to $22.5M2 Financing Funded from existing asset-backed fa
Slide 13: Aon Hewitt RPO Acquisition Advances PeopleScout's Global Strategy
Aon Hewitt RPO Acquisition Advances PeopleScout’s Global Strategy 13 April 2016 Investor Presentation • • • • • About Aon Hewitt RPO Transaction Info 1 Exclusive of working capital adjustments. + Leading provider of recruitment process outsourcing (RPO) Builds market leadership positon in North Amer
Slide 14: 2016 Outlook
2016 Outlook
Slide 15: 2016 Outlook
1 We are evaluating the impact of this Q2 event and may record an impairment charge in the second quarter which may be material to the consolidated financial statements. This evaluation corresponds with the timing of our annual impairment test completed in the second quarter. 2Taxes at 32%, $0.44 ad
Slide 16: Key Takeaways
Key Takeaways 16 Strong secular trends (demographics, talent shortage, etc.) support long-term growth prospects Demonstrated history of achieving above-market growth April 2016 Investor Presentation
Slide 17: Appendix
Appendix
Slide 18: EBITDA and Adjusted EBITDA reconciliation
EBITDA and Adjusted EBITDA are non-GAAP financial measures. EBITDA excludes interest, taxes, depreciation and amortization from net income. Adjusted EBITDA further excludes from EBITDA non-recurring costs related to acquisition and integration costs as well as Work Opportunity Tax Credit third party