Trueblue, Inc. · NYSE:TBI
Trueblue — Non-Deal Roadshow (February 2025)
18 slides from Trueblue's roadshow presentation, Feb 19, 2025
Slide 1: Investor Roadshow Presentation February 2025
Investor Roadshow Presentation February 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements relating to our plans and expectations including, without limitation, statements regarding the future performance and operations of our business, expectations regarding stabilization in demand, and expected growth from
Slide 3: Investment Highlights
Investment Highlights Return of Capital Market leader in U.S. staffing and global RPO with increasingly diverse service offerings to meet evolving client needs Highly fragmented industry with strong secular growth drivers Strong balance sheet and cash flow to support future growth opportunities and
Slide 4: Our Mission: Connecting People and Work
Our Mission: Connecting People and Work Returning Capital to Shareholders 2024 Revenue (Share repurchases last 5 years) $186M $1.6B 336,000 People connected to work during 2024 One of the largest U.S. staffing providers One of the largest global RPO providers HRO Today magazine repeatedly recognizes
Slide 5: Solving Workforce Challenges
Solving Workforce Challenges Workforce Complexity Many factors, including globalization, the “gig” economy and diversity are changing the world of work requiring a disciplined approach to hiring. Artificial Intelligence Companies are seeking ways to become more nimble and efficient Deploying AI to s
Slide 6: US Staffing: A Large and Attractive Market
6 US Staffing: A Large and Attractive Market Recruitment Process Outsourcing: High margin plus double-digit revenue growth Largest staffing market globally (~$190B1 in 2024) Highly fragmented with no dominant player Digital adoption expands the growth potential Unique growth opportunity to f
Slide 7: 2024 Revenue by Vertical
Manufacturing 25% Transportation 20% Construction 14% Energy 9% Retail 11% Professional Services 8% Hospitality 6% Healthcare 1% Other 6% 2024 Revenue by Vertical Serving core verticals poised for recovery and growth while targeting attractive, under-penetrated end-markets Political climate favoring
Slide 8: Specialized service offerings to meet diverse client needs
10 – 15% Incremental Margin 15 – 20% Incremental Margin 30 – 35% Incremental Margin Temporary and permanent staffing solutions for healthcare positions Contingent, on-site industrial staffing and commercial driver services On-demand general and skilled labor for industrial jobs Talent solutions for
Slide 9: Strong position to capitalize on growth opportunities
Strong position to capitalize on growth opportunities PEOPLE 4,000+ talented, dedicated and mission driven people EXPERIENCE 30+ years of industry experience and deep client relationships TECHNOLOGY Sophisticated technology providing a differentiated user experience and enabling sales MARKET PRESENC
Slide 10: Focused strategy, leveraging our strengths to deliver long-term, profitable growth
Focused strategy, leveraging our strengths to deliver long-term, profitable growth Enhance user experience and efficiencies to drive growth and expand our reach Leverage our proprietary technology to address evolving user needs Provide a differentiated experience combining our technology and o
Slide 11: Digitally transform our business model
Digitally transform our business model Enhance user experience and efficiencies to drive growth and expand our reach o Digitally enabling our national footprint and local presence with JobStack® to expand our reach and optimize engagement o Connecting clients and candidates using AI, machine learn
Slide 12: Expand our share in attractive end markets
Expand our share in attractive end markets Expand in high-growth and under-penetrated end markets and high-value roles o Strong position to capture further growth opportunities in energy work with a proven track record of success o Focused growth in attractive end markets like healthcare Capital
Slide 13: Optimize our business model to accelerate growth
Optimize our business model to accelerate growth Increase focus on sales to accelerate growth and capture demand Leverage strengths and synergies to deliver profitable growth Drive efficiencies and innovation to enhance synergies Create increased opportunities to collaborate across well-established
Slide 14: Strong balance sheet with ample liquidity
Strong balance sheet with ample liquidity Note: Figures may not sum to consolidated totals due to rounding. Balances as of fiscal period end. 1 Borrowing availability is based on maximum borrowing availability under our most restrictive covenant. 2 Buyback ratio calculated as the dollar value of sha
Slide 15: Focused capital strategy
Focused capital strategy Investing in technology and returning excess capital to shareholders 8% 51% 41% (2020 - 2024) Net debt reductions Share repurchases Capital expenditures Historical use of capitalCapital allocation priorities Strategic technology investments to further digitalize our busine
Slide 16: Leadership with Deep Expertise
TARYN OWEN PRESIDENT AND CHIEF EXECUTIVE OFFICER Leadership with Deep Expertise CARL SCHWEIHS EVP AND CHIEF FINANCIAL OFFICER KRISTY WILLIS EVP AND PRESIDENT, PEOPLEREADY RICK BETORI EVP AND PRESIDENT, PEOPLESCOUT JERRY WIMER SVP AND PRESIDENT, PEOPLEMANAGEMENT GARRETT FERENCZ EVP AND CHIEF LEGAL OF
Slide 17: TrueBlue Highlights
TrueBlue Highlights Mission Driven Connecting People and Work
Slide 18: THE PEOPLE COMPANY
true THE PEOPLE COMPANY®