Trueblue, Inc. · NYSE:TBI
Trueblue — Non-Deal Roadshow (February 2020)
15 slides from Trueblue's roadshow presentation, Feb 5, 2020
Slide 1: Investor Roadshow Presentation February 2020
Investor Roadshow Presentation February 2020 www.TrueBlue.com
Slide 2: Forward-Looking Statements
Forward-Looking Statements
Slide 3: Investment highlights
Investment highlights Implementing technology to digitize our business model, increase market share and drive growth Strong balance sheet and cash flow to support stock buybacks 3
Slide 4: TrueBlue at a glance
TrueBlue at a glance 139,000 724,000 Clients served annually People connected to One of the largest U.S. industrial One of the largest global with strong diversity1 work during 2019 staffing providers RPO providers2 2014-2019 2014-2019 Average Return Free Cash Flow3 CAGR on Equity4 17% 16% $2.4B Gro
Slide 5: Three specialized segments meet diverse client needs
Three specialized segments meet diverse client needs Contingent, on-site Talent solutions for industrial staffing and outsourcing the recruiting commercial driver services1 process for permanent employees2 PeopleReady PeopleManagement PeopleScout Revenue mix3 62% 27% 11% Segment profit3 62% 10% 29%
Slide 6: Solving workforce challenges globally
Solving workforce challenges globally robust worker shortage age 65 complex global and this age group will solutions outnumber growth diverse 1 Bureau of Labor Statistics Employment Projections: Occupations with the most job growth, 2016-2026. Industrial staffing and RPO jobs: #2: food prep/serving
Slide 7: TrueBlue's strategic market positioning
TrueBlue’s strategic market positioning Strong position in attractive vertical markets Powerful secular forces in industrial staffing 22% Construction Positive Demographic Trends 24% Manufacturing Compelling 20% Technology Wholesale Transportation & Transportation 22% Retail &Retai
Slide 8: Leading our business into a digital future
Leading our business into a digital future JobStack TM Industry-leading mobile app that connects our Industry-leading platform for sourcing, screening associates with jobs and delivering a permanent workforce Winner of the 2019 Driving value via higher Brandon Hall Award for candidate satisfacti
Slide 9: Segment strategy highlights
Segment strategy highlights 15%+ potential operating Leverage operational Compelling value margin on incremental data and predictive proposition with revenue analytics to deliver a attractive margins differentiated on-site Global RPO market JobStackTM creating solution experiencing strong
Slide 10: PeopleScout: attractive margin and rapid growth
PeopleScout: attractive margin and rapid growth Industry Leadership Segment Profit Margin o One of the largest global providers PeopleScout o Emerging healthcare vertical strength TBI Total 15% 9% Differentiated Service o Proprietary technology drives value-add recruitment capabilities FY-15 FY-
Slide 11: Well-positioned to boost returns with share repurchases
Well-positioned to boost returns with share repurchases millions 1.7x $233 0.9x 1.0x $109 0.6x $78 $66 0.3x $54 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 2 Total Debt to Adjusted EBITDA1 Free Cash Flow Solid return on equity3 millions 17% 17% 16% $39 $37 $35 13% 13% $0 $6 2015 2016 2017 2018
Slide 12: Appendix
Appendix THE PEOPLE COMPANY
Slide 13: Non-GAAP Financial Measures and Non-GAAP Reconciliations
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 aspects of our
Slide 14: Reconciliation of U.S. GAAP Net Income (Loss) 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) 2019 2018 2017 2016 2015 2014 52 Weeks Ended 52 Weeks Ended 52 Weeks Ended 53 Weeks Ended 52 Weeks Ended 52 Weeks Ended (in thousands, except for per share data)* Dec 29, 20
Slide 15: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flows
3. RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOWS (Unaudited) 2019 2018 2017 2016 2015 2014 52 Weeks Ended 52 Weeks Ended 52 Weeks Ended 53 Weeks Ended 52 Weeks Ended 52 Weeks Ended (in thousands) Dec 29, 2019 Dec 30, 2018 Dec 31, 2017 Jan 1, 2017 Dec 25, 2015 Dec 26,