Hirequest, Inc. · NASDAQ:HQI
Hirequest — Investor Presentation (December 2023)
16 slides from Hirequest's investor presentation, Dec 15, 2023
Slide 1: HireQuest Inc. December 2023
weg HIREQuEsT INC: December 2023
Slide 2: Safe Harbor Statement
—— SAFE HARBOR STATEMENT This presentation and other documents referenced herein include, and our officers and representatives may from time to time make or provide, certain estimates and other forward-looking statements within the meaning of the safe harbor provisions of the U'S. Private Securities
Slide 3: HireQuest at a Glance
HIREQUEST - AT A GLANCE nal Reach Sy Hirequest inc: Leading national franchisor of direct dispatch, executive search, and commercial staffing services, Profitable franchise-business model with multiple growth drivers Proprietary, purpose-built software supports franchisees 400+ Locations 300+ Franch
Slide 4: Investor Highlights
——— INVESTOR HIGHLIGHTS STRONG FINANCIAL PERFORMANCE DIFFERENTIATED FRANCHISOR MODEL ORGANIC & ACQUISITIVE GROWTH * Multiple recurring revenue streams, Strong balance sheet with low debt Franchise-centric model proved resilient to pandemic Quarterly dividend Sy Hirequest inc: = Profitable, franchise
Slide 5: Staffing Solutions Leader with Diverse Service Offerings
——= STAFFING SOLUTIONS LEADER WITH DIVERSE SERVICE OFFERINGS DIRECT DISPATCH STAFFING COMMERCIAL, STAFFING EXECUTIVE & PROFESSIONAL SEARCH VERTICAL-FOCUSED STAFFING py HireQuest Inc. a HigeQuesr” SNELLING Hj Hirequest MRIN=TWORK. Qpssnaa |) PeGsag rele ‘p DriverQuest™ Flexible labor solutions, per d
Slide 6: Targeting 89% of the Total Staffing Market
HIREQUEST TARGETING 89% OF THE TOTAL STAFFING MARKET Sy Hirequest inc: —————§ ea ligeQuesr @ ni. © SNELLING @ @ Qseancirams @ A Cumin MRIN=TWORK. WHineQuesr DentalPower’
Slide 7: Global Coverage
—— GLOBAL COVERAGE 400+ Franchised and Licensed Offices Nationwide emerging regions Sy Hirequest inc: NASBA 6
Slide 8: Benefits of the Franchise Solution
——— BENEFITS OF THE FRANCHISE SOLUTION pH Incentive Alignment et of customer vertical jeams helps mitigate py HireQuest Inc. Traditional Staffing Model Fluctuating Compensation + Difficult to incentivize employees profitably - variable compensation structures across locations/verticals, can result i
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS Sy Hirequest inc:
Slide 10: Compelling Recurring Revenue Model
COMPELLING RECURRING REVENUE MODEL Our three revenue streams erate uniquely Franchise License Service Royalties Fees Revenue HYPOTHETICAL SINGLE TEMPORARY STAFFING BRANCH Franchisee Revenue’ HOI Revenue ofS System Sales Revenue to HQ! HQI Expenses HQI Net Income IREQUEST INC:
Slide 11: Path Forward
—— PATH FORWARD Leveraging organic and Near immediate return rowth strategies a through conversion to g gS SRI franchise model Strategic Significant expansion opportunities across the HQI portfolio Growing aeitegieeeet am Leveraging opportunities ereeie cee co expand national reach Footprint Additio
Slide 12: Contact Us
———- CONTACT US HIREQUEST, INC. David Hartley, Vice President of Corporate Development 1 Springhall Drive Goose Creek, SC 80235 Tel (G00) 835-6755 cdhartley@hirequestcom IMS INVESTOR RELATIONS Investor Relations John Nesbett /Jennifer Belodeau Tel (203) 972-9200 hirequest@imsinvestorrelations.com py
Slide 13: Appendix
Appendix a HireQuest INC:
Slide 14: Statement of Operations
——— STATEMENT OF OPERATIONS (in trowsands xcopt po havo cts) Franchise royaties Service revenue Total revenue Selling, general and administrative expenses Depreciation and amortization Income from operations Other miscellaneous income Interest income Interest and other financing expense Net income b
Slide 15: Summary Balance Sheets
=—- SUMMARY BALANCE SHEETS (rm tousands) ASSETS. Current assets Cash ‘Accounts receivable, na of allowance for doubtful accounts ‘Other current assets Total current assess Property and equipment, net Franchise agreements, net Other intangible assets, net Goodwill Other assets Tolal assets LIABILITIE
Slide 16: Reconciliation of Non-GAAP Financial Measure
——— RECONCILIATION OF NON-GAAP FINANCIAL MEASURE AcjstodESITOA! ended September 2,20 December 31,2021 | December, 2020 Net heome Ss 8880 s 12458 $1880 3S 5359 — 1.268 268 187 0 Proveion frincome aes 1553 1395 oes ma — act 2040 1581 12 WOTC related costs 481 sot ses as BITOA 14700 = 7302 ayes Serer f