Hirequest, Inc. · NASDAQ:HQI
Hirequest — Investor Presentation (April 2023)
16 slides from Hirequest's investor presentation, Apr 5, 2023
Slide 1: HireQuest Inc. April 2023
a HIREQUEST INC. April 2023
Slide 2: Safe Harbor Statement
=—- SAFE HARBOR STATEMENT: Ths resentation and other documents referenced herein include, and our officers and representatives may from time to time make or provide, certain eatimates and athe, fonward looking statement within tne meaning af tne safe harbor provieions of the US. Private Securities L
Slide 3: HireQuest at a Glance
HIREQUEST - AT A GLANCE * Leading national franchisor of direct dispatch, executive search, ffing services ble franchise-business. with multiple growth drivers * Proprietary, purpose-built software supports fra . wa HireQuest 400+ Locations 300+ Franchises 10,000+ Customers 81,000+ Employees
Slide 4: Highlights
2 HIGHLIGHTS: STRONG FINANCIAL PERFORMANCE DIFFERENTIATED FRANCHISOR MODEL ORGANIC & ACQUISITIVE GROWTH = Multiple recurring revenue streams = Strong balance sheet with low debt = Franchise-centric model proved resilient to pandemic = Quarterly dividend Hj HireQuest Inc. Profitable, franchise-centri
Slide 5: Staffing Solutions Leader with Diverse Service Offerings
—— STAFFING SOLUTIONS LEADER WITH DIVERSE SERVICE OFFERINGS DIRECT DISPATCH STAFFING COMMERCIAL, STAFFING EXECUTIVE & PROFESSIONAL SEARCH VERTICAL-FOCUSED STAFFING Pd HireQuest Inc. at HigeQuesr” SNELLING Hp Hirequesr MRINETWORK. HincQuesr’ ‘DDrwverQuest : construction, hospitality landscaping, Shor
Slide 6: Targeting 89% of the Total Staffing Market
HIREQUEST TARGETING 89% OF THE TOTAL STAFFING MARKET Bj HireQuest inc. ‘Up Hinequest w US. Staffing Market NORTHBOUND MRIN=TWORK. WpkixcQuesr DentalPower
Slide 7: Global Coverage
——- GLOBAL COVERAGE 400+ Franchised and Licensed Offices Nationwide Bj HireQuest inc.
Slide 8: Benefits of the Franchise Solution
——- BENEFITS OF THE FRANCHISE SOLUTION Traditional Staffing Model Fluctuating Compensation ancing and franchisee Increased Exposure to Economic Risk ey HireQuest Inc
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS 2 HireEQuest $31.0M — $12.0M $0.87 $22.0M
Slide 10: Compelling Recurring Revenue Model
COMPELLING RECURRING REVENUE MODEL cams generate uniquely high margins for the staffing Franchise License Service Royalties Rees Revenue System Sales Revenue to HQ! HQI Expenses HQI Net Income
Slide 11: Path Forward
—— PATH FORWARD Leveraging organic and Near immediate return i ate through conversion to r growth strategies Acquisitions Aion Strategic Significant expansion opportunities across the HQ! portfolio Growing eureeceet me |cveraging opportunities eee aie (© expand national reach Footprint Addition of M
Slide 12: Contact Us
——- CONTACT US EST, INC. David Hartley, Vice President Ti Springhall Drive Goose Creek, SC 80235 Tel (800) 835.6755 edhartley@hirequest.com Corporate Development IMS INVESTOR RELATIONS Investor Relations John Nesbet: / Jennifer Belodeau Tel (203) 972-9200 hirequest@imsinvestorrelationscom Pd HireQue
Slide 13: Appendix
Appendix wa HirREQUEST INC.
Slide 14: Statement of Operations
—— STATEMENT OF OPERATIONS. intoussnds, excep pe shore dts) December 3 Franchise royaos Service overue Total avenue Sling, goera and administrative expenses 4723 4401 wane 13328 and si 486 2040, 1561 Income from operations 2782 1651 16.038 7.850 thar mscalanacu income 28) 7 (2087) 4570 Intcest nome
Slide 15: Summary Balance Sheets
—— SUMMARY BALANCE SHEETS Tota assets 5 Wis285. EA LIABILITIES AND STOCKHOLDERS’ EQUITY ilies ‘Recouns payable s uss 1128 sa m Terr loan payable 708 210 er current abies 23085 10.964 Tota curent abies "36780 Bart Ter toon payabe, net ofcurent porton 3291 2056 ‘Other sabes 4958 6200 Tots bites 75.009
Slide 16: Reconciliation of Non-GAAP Financial Measure
——- RECONCILIATION OF NON-GAAP FINANCIAL MEASURE _—_ Adjusted EBITDA’ December 31, 2021 Net Income $11,850 $5359 Interest expense 187 50 Provision for income taxes. 65 71 Depreciation & amortization 1.851 129 WOTC related costs 595 448 EBITOA S 14788 $6727 'Non-cash compensation 1.628 1227 ‘Acouisit