Hirequest, Inc. · NASDAQ:HQI
Hirequest — Merger or Acquisition (December 2022)
10 slides from Hirequest's merger presentation, Dec 22, 2022
Slide 1: MRI Acquisition Information Deck
MRI Acquisition Information Deck December 2022 ea HiREQUEST !NC:
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 ectimates and other forward-looking statements within the meaning of the safe harbor provisions of the US. Private Securities Lit
Slide 3: MRI - At a Glance
MRI- Ata Glance #3 Direct Hire Firm Global Franchise Industry Leader in the U.S.' System Since 1965 Business Breakdown Direct Hire / Executive Search Contract Staffing & Interim Placements gy HireQuest 2
Slide 4: Further Expands and Enhances HireQuest's Franchise Offerings
Further Expands and Enhances HireQuest’s Franchise Offerings Immediate Scale» in Executive and Professional Search Combination i Enhances Value to Commercial Staffing all HQI Franchisees ~ 7 2 SNELLING Executive and Professional Search HireQuest is committed to providing substantial value to its Mel
Slide 5: HireQuest + MRI: Financial Impact
HireQuest + MRI: Financial Impact HireQuesT MRI! fHimequesr = MRI + Day cost Savings comprised ot Ma expenses no sssumedoy LTM Revenue $44.8M $336M $3M HireQuest as part of the transacion — HireQuest expects to realize g sdaonal ances 2m NA <2 throughout 2028 Fe sas ee 3556 EBITDA/ Revenue)
Slide 6: MRI Expectations
MRI Expectations HireQuest believes the combination with MRI will increase the value... "MRI's franchise base has been reduced in recent years due to: franchisees retiring and shutting down their businesses; inactive franchisees being removed from the system; and franchisees choosing to exit, * Hire
Slide 7: Contact Us
Contact Us HireQuest, Inc. David Hartley, Vice President of Corporate Development 1 Springhall Drive Goose Creek, SC80235 Tel (800) 835-6755 edhartley@hirequest.com IMS Investor Relations Investor Relations John Nesbett / Jennifer Belodeau Tel (203) 972-9200 hirequest@imsinvestorrelationscom ef Hire
Slide 8: Appendix
Appendix pa HireQuest INC:
Slide 9: HireQuest Acquisition of MRI: Transaction Summary
HireQuest Acquisition of MRI: Transaction Summary * Purchase Price:$13,500,000 (excludes working capital) * Consideration: All cash ($500,000 an earnout based on year 1 financial performance) * Funding Sources: Cash on balancesheet and a draw on HQI'sexisting revolver + Transaction Structure: Asset
Slide 10: Reconciliation of Non-GAAP Financial Measure
Reconciliation of Non-GAAP Financial Measure thousands) For the Trailin, Pro Forma Adjusted EBITDA’ ‘ended September 30, 2022 Net income $1199 $ 713 $ 12647 Interest expense 347 5 363, Provision for income taxes 2,110 864 2974 Depreciation & amortization 2275 124 2399 WOTC related costs 633 : 633, E