Trueblue, Inc. · NYSE:TBI
Trueblue — Investor Presentation (February 2017)
15 slides from Trueblue's investor presentation, Feb 8, 2017
Slide 1: February 2017
February 2017
Slide 2: Forward-Looking Statements
Forward-Looking Statements February 2017
Slide 3: TrueBlue at a Glance
TrueBlue at a Glance February 2017 3 124,000 Clients served annually with low concentration1 815,000 People connected to work during 2016 #1 Largest U.S. industrial staffing provider #1 Largest global RPO provider2 2013-2016 Average Return on Equity4 2012-2016 Adjusted EBITDA CAGR3 $2.8B 2016 Revenu
Slide 4: Investment Highlights
Investment Highlights Leadership Market leader in U.S. industrial staffing and Global RPO with increasingly diverse service offerings Track Record Demonstrated track record of organic growth and successful acquisitions Strong position in attractive vertical markets and flexibility to BostuorIng resp
Slide 5: Specialized Service Offerings to Meet Client Needs
Specialized Service Offerings to Meet Client Needs February 2017 7% of Revenue / 20% of Adj. EBITDA2 34% of Revenue / 16% of Adj. EBITDA2 59% of Revenue / 64% of Adj. EBITDA2 1 Also includes management of service provider business, which provides customers with improved quality and spend management
Slide 6: Solving Workforce Challenges Globally
Solving Workforce Challenges Globally February 2017 complex global diverse age 65 will be almost double worker shortage growth robust workforce solutions
Slide 7: Strong Position in Attractive Vertical Markets
Construction Manufacturing Transport & Wholesale Retail In d u s tr y D y n a m ic s Housing Starts Have Not Kept Pace US Manufacturing Renaissance Wholesale Trade At New High eCommerce Growing % of Retail Sales Source: U.S. Census Bureau Source: U.S. Board of Governors of th
Slide 8: Growing Market Capitalizing on Secular Forces in Industrial Staffing
8% Growing Market Capitalizing on Secular Forces in Industrial Staffing February 2017 o o o o Positive Demographic Trends Temp Penetration Growth Compelling Technology Rise of eCommerce On-Shoring Comeback
Slide 9: Strength of TrueBlue's PeopleScout Business
Strength of TrueBlue’s PeopleScout Business February 2017 4% 4% 4% 5% 5% 6% 7% 6% 6% 5% 8% 13% 16% 20% Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 PeopleScout % of Total Company Results (TTM) Revenue Adjusted EBITDA 18% 17% 15% 11% 9% 9% 10% Q4-16Q3-16Q2-16Q1-16Q4-15Q3-15Q2-15 Adjusted EBITDA Margin T
Slide 10: Disciplined Cash Management and Strong Balance Sheet
Disciplined Cash Management and Strong Balance Sheet February 2017 1 Calculated as net cash provided by operating activities less capital expenditures. 2 Calculated as Adjusted Net Income divided by average equity over the prior four quarters. $34 $73 $31 $54 $233 2012 2013 2014 2015 2016 No D
Slide 11: Strategic Priorities
Strategic Priorities February 2017
Slide 12: PeopleReady Transition
PeopleReady Transition February 2017 Legacy branch based business transitioning to one brand/one system. Expand Scope of Services • Within our legacy structure, only 12 of our top 40 markets had access to all 3 service lines. • PeopleReady will bring more specialized services to more markets while l
Slide 13: JobStack Mobile App – A Competitive Differentiator
JobStack Mobile App – A Competitive Differentiator February 2017 CUSTOMER ASSOCIATE Mobile Technology Feature… How TrueBlue will drive value… 24/7 order creation / viewing Round-the-clock revenue generation Real-time order fill rates Improved customer and experience ratings Lift quality Worksite rat
Slide 14: Appendix
A ppendix
Slide 15: Non-GAAP Terms and Definitions
Non-GAAP Terms and Definitions February 2017 EBITDA and Adjusted EBITDA are non-GAAP financial measures. EBITDA excludes interest, taxes, depreciation and amortization. Adjusted EBITDA further excludes from EBITDA, costs related to acquisition and integration, goodwill and intangible asset impairmen