Dlh Holdings Corp. · NASDAQ:DLHC
Dlh — Teamstaff — Shareholder Meeting (April 2008)
33 slides from Dlh's shareholder meeting presentation, Apr 17, 2008
Slide 1: Annual Shareholders Presentation
Exhibit 99.1 Annual Shareholders Presentation April 17, 2008 NASDAQ: TSTF 1
Slide 2: Slide 2
Slide 3: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements” as defined by the Federal Securities Laws. TeamStaff’s actual results could differ materially from those described in such forward-looking statements as a result of certain risk factors, including but not limited to:
Slide 4: Slide 4
Slide 5: Company Overview
Company Overview • Leading provider of staffing services to federal healthcare facilities Based in Monroe, Georgia; Acquired June 2005 • 100% Past Performance rating • Contract duration typically multi-year • Vendor/Facilities management contracts • Currently has personnel onsite at 75 federal gover
Slide 6: Slide 6
Slide 7: Management Team
Management Team Rick J. Filippelli, President, CEO Joined TeamStaff as CFO in September of 2003 Former CFO of Rediff, a publicly-traded small cap information technology company Sixteen years of financial management experience with GE Capital including three years as CFO of a $2 billion insurance sub
Slide 8: Slide 8
Slide 9: Industry Dynamics
Industry Dynamics Healthcare Staffing is an estimated $12.0B industry Travel nurse and allied segments are estimated at $6B Travel nurse and allied segments are expected to grow a combined 8% in 2008 US population is aging US population over 65 is expected to grow from 13% to 20% by 2030 Declining h
Slide 10: Slide 10
Slide 11: Key Initiatives Driving Return to Profitability
Key Initiatives Driving Return to Profitability Travel Allied & Nurse Key Hires: - Director with industry experience to lead efforts - Experienced Marketing Manager Restructured sales team; currently adding to staff, anticipate a 25% to 30% increase in sales force during fiscal 08. Replaced non-perf
Slide 12: Slide 12
Slide 13: Key Initiatives Driving Return to Profitability
Key Initiatives Driving Return to Profitability Government Key Hires: - Director with Government contract experience to lead efforts. - Director of Operations - Business Development Leader Replaced non performers. Increased staffing penetration with existing clients. Direct Placement vs. Teaming Par
Slide 14: Slide 14
Slide 15: Key Initiatives Driving Return to Profitability
Key Initiatives Driving Return to Profitability Corporate Consolidated Gross Margins are up approximately 300 BP’s in 1Q08 compared to 1Q07. Recurring SG&A down 22% in 1Q from a year ago despite a 38% increase in new business expense. Identity and rebranding campaign promoting consistent brand recog
Slide 16: Slide 16
Slide 17: Consolidated Statements of Operations
Consolidated Statements of Operations Quarter Ended 1Q08 1Q07 ($ in Thousands, except per share data) Revenue $ 15,459 $ 16,720 Gross Profit 2,775 2,539 GM% 18.0% 15.2% Total SG&A Expenses 2,557 3,258 Other income 35 51 Other income, excluding late fee income (4) (3) Late fee income 31 48 Operating
Slide 18: Slide 18
Slide 19: Consolidated Statements of Operations
Consolidated Statements of Operations For the Six Months ended Fiscal Fiscal 9/30/2007 3/31/2007 2007 2006 ($ in Thousands, except per share data) (unaudited) (unaudited) Revenue $ 33,117 $ 33,765 $ 66,882 $ 71,644 Gross Profit 6,010 5,020 11,030 11,785 GM% 18.1% 14.9% 16.5% 16.4% Total SG&A Expense
Slide 20: Slide 20
Slide 21: Consolidated Balance Sheets
Consolidated Balance Sheets 12/31/07 9/30/07 ($ in Thousands) (unaudited) Assets Current Assets: Cash and cash equivalents $ 535 $ 592 Accounts receivable 7,064 8,279 Prepaid workers’ compensation 479 468 Assets held for sale 470 490 Other current assets 607 642 Total current assets 9,155 10,471 Equ
Slide 22: Slide 22
Slide 23: Consolidated Balance Sheets
Consolidated Balance Sheets 12/31/07 9/30/07 ($ in Thousands) (unaudited) Liabilities and shareholders’ equity Current liabilities: Bank Line of Credit $ 7 $ - Notes payable 1,500 1,500 Current portion of capital lease obligation 66 63 Accrued Payroll 1,664 1,581 Accrued Pension Liability 141 280 Ac
Slide 24: Slide 24
Slide 25: Consolidated SG&A Expenses
Consolidated SG&A Expenses ($ in Thousands) 1Q08 1Q07 % Change Employee Costs $ 1,254 $ 1,821 (31%) Occupancy 130 181 (28%) G&A 807 990 (18%) New Business 366 266 38% Total $ 2,557 $ 3,258 (22%) 13
Slide 26: Slide 26
Slide 27: Fiscal 2008 Key Initiatives
Fiscal 2008 Key Initiatives Focus on Top Line Growth Expand our utilization of the “LOGWORLD” GSA schedule to bid on Department of Defense Logistics contracts - Growing mid-tier market estimated at $1.5 billion - Hired Former Navy Logistics Officer as Operations Director Add Regional Account Manager
Slide 28: Slide 28
Slide 29: 2008 Preliminary Results Second Fiscal Quarter
2008 Preliminary Results Second Fiscal Quarter 2Q08 2Q07 Revenues $17.3 million $17.0 million Income (Loss) from Continuing Ops $0.1 million ($1.0) million EPS-(Pre-Split) $0.00-$0.01 ($0.05) EPS-(Post-Split) $0.01-$0.02 ($0.21) Note: Preliminary results are subject to change 15
Slide 30: Slide 30
Slide 31: Summary
Summary Healthcare Staffing Industry remains strong Experienced Management Team Restructured sales force to focus on top line growth Substantial infrastructure cost reductions used to fund new business development Successful implementation of identity and rebranding program Executed on Gross Margin
Slide 32: Slide 32
Slide 33: Use of Certain Non-GAAP Financial Measurements
Use of Certain Non-GAAP Financial Measurements This presentation includes certain non-GAAP financial measures. TeamStaff’s management does not suggest that investors consider such non-GAAP financial measures in isolation from, or as a substitute for, GAAP financial measures, such as net income, cash