Sthree Plc · LSE:STEM
Sthree — Q3 2021 Earnings Presentation
11 slides from Sthree's earnings presentation, Sep 13, 2021
Slide 1: Q3 2021 Trading Update
Q3 2021 TRADING UPDATE 13 SEPTEMBER 2021
Slide 2: Q3 Summary
Q3 SUMMARY Another strong quarter for the Group Right strategy • Momentum in our performance from the start of the year has continued through the third quarter, generating a Right markets strong financial performance • Driven by great execution of our strategy, positioned at Great execution the cent
Slide 3: Q3 – Strong Trading
Q3 – STRONG TRADING Net fees up double digits vs 2020 and 2019 Q3 Q2 Q1 Q3 Q2 Q1 • Q3 net fees up 29% vs 2020 2021 2021 2021 2021 2021 2021 vs vs vs vs vs vs • Q3 net fees up 11% vs 2019 2020 2020 2020 2019 2019 2019 • Contract net fees up 27% YoY Contract +27% +18% -2% +11% +6% - • Permanent net fe
Slide 4: Regional and Sector Split
REGIONAL AND SECTOR SPLIT Strong growth in large markets and key sectors • Strong growth in Q3 driven by Germany, US • Technology up 33% with strong growth across our and Netherlands major geographies • UK showing good sequential progress • Life Sciences up 30% driven by USA and Germany 3% 3% 3% 24%
Slide 5: Q3 – Regional Performance: DACH
Q3 – REGIONAL PERFORMANCE DACH: Q3 Q2 Q1 Q3 2021 2021 2021 2021 • Strong performance with net fees up 35% vs vs vs vs • Germany, our largest country in the 2020 2020 2020 2019 region, saw net fee growth of 35% DACH +35% +28% +3% +23% • Technology up 43% and Life Sciences up 33% Group +29% +22% -1% +
Slide 6: Q3 – Regional Performance: EMEA excluding DACH
Q3 – REGIONAL PERFORMANCE EMEA excluding DACH: Q3 Q2 Q1 Q3 2021 2021 2021 2021 • Strong performance with net fees up 21% vs vs vs vs • Netherlands, our largest country in the region, 2020 2020 2020 2019 up 24% EMEA ex +21% +10% -14% -6% DACH • UK saw continued sequential progress • In the UK, Techno
Slide 7: Q3 – Regional Performance: USA
Q3 – REGIONAL PERFORMANCE USA: Q3 Q2 Q1 Q3 2021 2021 2021 2021 • Strong performance in Q3 up 31% vs vs vs vs • Technology up 44% and Life Sciences up 2020 2020 2020 2019 28% USA +31% +28% +19% +28% Group +29% +22% -1% +11% 26% 26% 7
Slide 8: Q3 – Regional Performance: APAC
Q3 – REGIONAL PERFORMANCE APAC: Q3 Q2 Q1 Q3 2021 2021 2021 2021 • Strong performance overall, up 33% vs vs vs vs • Japan, our largest country in the region, 2020 2020 2020 2019 up 23% APAC +33% +59% -14% -2% • Technology up 22% in Japan, and Life Sciences up 31% Group +29% +22% -1% +11% 3% 3% 8
Slide 9: Strong Financial Position
STRONG FINANCIAL POSITION Well funded with excellent forward visibility Contractor order book Balance sheet £117.1m £99.7m £140.9m £51m Net cash at 31 August 2021 (31 August 2020: £39m; 31 May 2021: £48m) P9 2019 P9 2020 P9 2021 Contractor order book up 41% YoY and up 20% vs 2019 9
Slide 10: Q3 Outlook
Q3 OUTLOOK Full year profit performance expected to be significantly ahead of consensus Right strategy • Another period of strong trading • Timing of the previously communicated planned increase Right markets in investment shifting from H2 FY21 to FY22 and beyond • The Board now expects that profit
Slide 11: Questions?
QUESTIONS? 11