Peoplein Limited · ASX:PPE
Peoplein — Investor Presentation (February 2023)
26 slides from Peoplein's investor presentation, Feb 17, 2023
Slide 1: First Half Results FY23
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Slide 2: Our Purpose
• AGENDA Our Purpose To INspire excellence in our people 2 INSPIRE EXCELLENCE
Slide 3: Highlights
Highlights ▶ Record performance with H1 FY23 delivering $596.7m revenue and $32.5m normalised EBITDA, marking a growth of +88.9% and +50.5% in comparison to H1 FY22. ▶ Strong organic growth contribution of +21.3% to revenue and +11.8% to normalised EBITDA. ▶ Performance underpinned by our diverse re
Slide 4: H1 FY23 Results
FY22 Results H1 FY23 RESULTS PeopleIN, leading talent solutions business in Australia, is pleased to report a record half-year result with positive performance driven through well diversified operations across growing employment markets. Normalised EBITDA Normalised Revenue NPATA Organic growth $596
Slide 5: Our sustainable competitive advantage
Our sustainable competitive advantage Our 360 talent solutions ▶ Clients – offer a specialised at-scale complete talent solution with access to one of Australia’s largest pool of employees. Security of candidate Early client supply engagement ▶ Candidates – sector and geographic diversity gives cand
Slide 6: Broad reach into large, growing addressable market
Broad reach into large, growing addressable market Unemployment Rate Forecast1 Key Sector Growth Drivers 2 8 2026 Wage Target Total Employment Average annual % Growth growth Market Vertical Projected Key Drivers 7 number of new Outlook (volume)3 (price) Share 4 Growth jobs (volume) 3 Gain 6 ▪ Global
Slide 7: Sustainable organic growth
Sustainable organic growth ▶ Strong organic growth contribution of +21.3% to revenue and +11.8% to normalised EBITDA. ▶ Diversity of earnings supported by ISS growth, +9% growth in billed hours (excl. FIP) from H2 FY22 to H1 FY23. Predominantly, driven by demand in early learning, food services and
Slide 8: Consistent Delivery
Consistent Delivery Revenue Growth ($m) EBITDA Growth ($m) 800 +88.9% growth 50 47.2 +50.5% growth 682.4 45 700 CAGR +27.6% 596.7 40 CAGR +28.3% 38.0 600 32.5 35 28.7 500 444.4 30 374.2 400 25 21.6 315.9 278.2 20 17.8 300 192 219.2 15 13 200 10.3 123.7 145.6 8.2 8.9 10 100 5 0 0 FY15 Pro FY16 Pro FY
Slide 9: Solid Underlying Results
Solid Underlying Results $'000 H1 FY22 H1 FY23 Mvmt % ▶ $32.5m Normalised EBITDA, with organic growth contribution up +11.8% on H1 FY22. Revenue 315,819 596,626 89% Normalised EBITDA 21,599 32,505 51% ▶ Acquisitions contributed +$8.3m in EBITDA. Normalised EBITDA margin % 6.84% 5.45% ▶ EBITDA margin
Slide 10: Strong Operating Cash Flow
Strong Operating Cash Flow Cash Conversion ▶ 82.6% of our Normalised EBITDA, and 106% of normalised NPATA, was converted to operating 125% cashflow in H1 FY23. 100% H1 FY23 75% $ 50% CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 637,814,920 25% Payments to suppliers and employees (613
Slide 11: Prudent Capital Management
Prudent Capital Management Debtors days decreased from 33 days in FY22 to 32 days in H1 FY23. ▶ The Group balance sheet has strengthened overall by $15.5m, with net assets of $157.9m (FY22 $142.4m). This is reflective of the earnings H1 FY22 FY22 H1 FY23 generated during the year and acquisitions. N
Slide 12: Proven M&A model with a strong pipeline
Proven M&A model with a strong pipeline M&A has delivered strong results Healthy pipeline focused on strategic growth ▶ Strong track record of acquiring, integrating and growing Offshore growth opportunity to establish a global healthcare network businesses. with a platform acquisition in the UK ▶ S
Slide 13: Outlook Remains Strong
Outlook Remains Strong ▶ Diversified sector exposure and client base. Positioned to support key macro growth areas of healthcare, professional services, education and food services. ▶ Low levels of unemployment, wage inflation and employment growth support earnings growth with the business positione
Slide 14: Highlights
Highlights ▶ Record performance with H1 FY23 delivering $596.7m revenue and $32.5m normalised EBITDA, marking a growth of +88.9% and +50.5% in comparison to H1 FY22. ▶ Strong organic growth contribution of +21.3% to revenue and +11.8% to normalised EBITDA. ▶ Performance underpinned by our diverse re
Slide 15: Appendices
Appendices 15 INSPIRE EXCELLENCE
Slide 16: Business Performance by Vertical
Business Performance by Vertical 16 INSPIRE EXCELLENCE
Slide 17: Healthcare & Community
Healthcare & Community Overview: Largest workforce of supplementary nurses and personal carers on the Eastern Seaboard of Billed Hours Australia, providing staffing into hospitals and aged care facilities. Also provides talent solutions and supplementary staffing within the Disability and Child Prot
Slide 18: Professional Services
Professional Services Overview: Leader in Professional Services recruitment focusing on technology, accounting, finance, business Billed Hours services support and IT advisory. 1,000,000 Performance: 800,000 ▶ Halcyon Knights is one of the largest providers of IT recruitment services in Australia. B
Slide 19: Industrial & Specialist Services
Industrial & Specialist Services Overview: Leader in providing general staffing services to small and medium-sized business across Australia in a wide range of sectors including industrial, food services, childcare and hospitality. Also provides specialist Billed Hours services such as asset managem
Slide 20: Business Overview
Business Overview 20 INSPIRE EXCELLENCE
Slide 21: Our Purpose
• AGENDA Our Purpose To INspire excellence in our people 21 INSPIRE EXCELLENCE
Slide 22: FY23-25 Strategy
PeopleiN FY23-25 Strategy Our purpose To INspire excellence in our people Who we are Australia’s largest ASX-listed talent solutions company. + 4,000+ businesses + 10,000 - 15,000 candidates payrolled per week + 26 brands/ {850+ internal staff Our | iatives solutions Our 360° talent Frontend busines
Slide 23: Business Snapshot
Business Snapshot Australia’s largest 26 brands, 915+ internal staff 65,000+ candidate pool listed talent 40+ locations 10,000 – 15,000 across Australia, Candidates NZ and Singapore payrolled every solutions week company 4,200+ 630+ businesses Apprentices and trainees employed ▶ Geographic and secto
Slide 24: Our shared value framework
Our shared value framework Shared value for our people, clients, investors and community Pillar 1: First Nations Pillar 2: Sustainability Pillar 3: Equity & Inclusion UN Sustainability Goals Key Partnerships +4 million Key 59% Key with Partners on Trees planted via Partnerships Female Highlights Cou
Slide 25: Disclaimer
Disclaimer This presentation has been prepared by PeopleIn Limited (Company) together with its related bodies corporate (PeopleIN). The material contained in this presentation is for information purposes only and is intended to be general background information on PeopleIN and its activities. This p
Slide 26: IN SPIRE EXCELLENCE
26 INSPIRE EXCELLENCE