Sthree Plc · LSE:STEM
Sthree — Q1 2021 Earnings Presentation
10 slides from Sthree's earnings presentation, Mar 15, 2021
Slide 1: Q1 2021 Trading Update
Q1 2021 TRADING UPDATE 15 MARCH 2021
Slide 2: Q1 – An Overview
Q1 – AN OVERVIEW Our strategy continues to deliver Success of ongoing management strategy • Net fees equalling Q1 2020 • Net fee momentum delivered by management focus and execution • Growth in a number of key regions and sectors despite the Covid-19 impact • Continued sequential improvement in unde
Slide 3: Q1 – Trading
Q1 – TRADING Performance ahead of management expectations Q1 Q4 Q3 Q2 Q1 • Group net fees, adjusted for working days, equalling Q1 2020 2021 2020 2020 2020 2020 • Contract business model resilient with net fees adjusted for working YoY YoY YoY YoY YoY days flat vs Q1 2020 • Sequential improvement in
Slide 4: Q1 – Regional Performance
Q1 – REGIONAL PERFORMANCE DACH: Q1 Q4 Q3 Q2 Q1 • Net fees up 3% in Q1 representing robust growth 2021 2020 2020 2020 2020 • Improved demand in Life Sciences and YoY YoY YoY YoY YoY Technology DACH +3% -2% -9% -9% +9% EMEA excluding DACH: • Reflects sequential improvement in both UK and NL EMEA with
Slide 5: Continued Strong Positioning
CONTINUED STRONG POSITIONING STRONG BALANCE SHEET A DIVERSE GROUP TARGETING KEY MARKETS & SKILLS £57m 16% 7% net cash at 28 Feb 2021 33% 20% (2019: £9m) 11% 48% RESILIENT CONTRACT BUSINESS MODEL 75% 16% 24% 24% of net fees Germany USA NL UK ROW Technology Life Sciences Engineering (Q1 2020: 75%) Ban
Slide 6: Market Trends Review
s|three® MARKET TRENDS REVIEW
Slide 7: Whilst Client Needs Have Evolved Key Themes Continue to Strengthen
WHILST CLIENT NEEDS HAVE EVOLVED KEY THEMES CONTINUE TO STRENGTHEN • Management of a more flexible and resilient workforce of the future • Re-building supply chains with a focus on resilience and sustainability (Just in time to just in case) • Digital transformation acceleration Q2 20: CRISIS MANAGE
Slide 8: SThree Remains Well Positioned
STHREE REMAINS WELL POSITIONED Our offering is ideally suited for market dynamics STEM FLEXIBLE WORKING TALENT IN INVESTING TO NEED FOR DEMAND ENSURE AGILITY RESILIENCE Demand for specialist STEM skills and flexibility is growing. With our unique positioning at the 8 centre of these two long term se
Slide 9: Clients Investing in Technology Makes Talent More in Demand Than Ever
CLIENTS INVESTING IN TECHNOLOGY MAKES TALENT MORE IN DEMAND THAN EVER Case study: USA Technology trends SThree Data: Contractor Book Value by Skillset 250% There has been a rapid increase in demand for these skills 200% However specialist talent is in 150% severely limited supply 100% SThree Approac
Slide 10: Questions?
QUESTIONS? 10