Peoplein Limited · ASX:PPE
Peoplein — FY2025 Earnings Presentation
20 slides from Peoplein's earnings presentation, Aug 25, 2025
Slide 1: Full Year Results Financial Year 2025
FULL YEAR RESULTS FINANCIAL YEAR 2025 SIMPLIFY WORKFORCE COMPLEXITY
Slide 2: Our Purpose
OUR PURPOSE TO INSPIRE EXCELLENCE IN OUR PEOPLE
Slide 3: Highlights
HIGHLIGHTS PeopleIN has continued to improve its business fundamentals, navigating a challenging economic environment and strengthening its balance sheet. ▶ Continued improvement in billing rates (+6.9%), benefiting from improved candidate and client management. ▶ Further reduction in costs of $9m,
Slide 4: Financial Performance
FINANCIAL PERFORMANCE REVENUE NORMALISED EBITDA NET DEBT $1.1B $33.3M 1.6X NORMALISED EBITDA -6.5% PCP -10.0% PCP Reduced from 2.1x June 24 ▶ Reduction in billed hours 11.2% ▶ Net revenue $142.5m (down 8.2%) ▶ Cash collections at 125.4% ▶ Increase in billed rates 6.9% ▶ Costs $9.1m lower ▶ Net debt
Slide 5: Key Indicator Trends
KEY INDICATOR TRENDS Revenue ($m) Normalised EBITDA ($m) 61.1 1,186.5 1,173.7 1,098.0 47.2 38.0 37.0 682.4 33.3 26.4 444.4 374.2 17.7 278.2 13.0 219.4 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Normalised NPATA ($m) Normalised EPS
Slide 6: Financial Results in Detail
FINANCIAL RESULTS IN DETAIL $'000 FY25 FY24 % ▶ Revenue down 6.4%, continuing difficult conditions. Hours down 11.2%. Revenue 1,098,008 1,173,660 (6.4%) Net Revenue 142,593 155,387 (8.2%) ▶ Billed rates remain positive over prior year up 6.9%. Operating expenses 109,329 118,424 (7.7%) ▶ Focus on eff
Slide 7: Engineering, Trades and Labour
ENGINEERING, TRADES AND LABOUR PERFORMANCE OVERVIEW EBITDA $M ▶ Billed hours remained softer, down 8.6%. 30.0 25.0 ▶ Queensland accounted for 53% of revenue and was heavily impacted by severe 20.0 weather in Q3 and Q4. 15.0 ▶ Billed rates increased 7.0%, driven by higher-value trade and experienced
Slide 8: Food & Agriculture Services
FOOD & AGRICULTURE SERVICES PERFORMANCE OVERVIEW EBITDA $M ▶ EBITDA increased to $20m, more than doubling in 3 years since acquisition. 25.0 20.0 ▶ Exit of 3 and 4 year ‘post covid’ PALM visa holders, temporarily reducing hours by 15.0 11.7%. 10.0 ▶ Billed rates increased 12.6% with improved candida
Slide 9: Healthcare & Community
HEALTHCARE & COMMUNITY PERFORMANCE OVERVIEW EBITDA $M ▶ Healthcare and Community EBITDA was steady. 15.0 ▶ Continuing lower demand in Health across both Public and Private Hospitals. 10.0 ▶ Community segment demand was strong, primarily across SA and Qld. 5.0 ▶ Program Unite has improved efficiency
Slide 10: Professional Services
PROFESSIONAL SERVICES PERFORMANCE OVERVIEW EBITDA $M 20.0 ▶ EBITDA up 4.6% due to improved efficiencies and growth in government contracting and consultancy. 15.0 ▶ Temp hours were down 20.6% on the prior year. Slight rebound late in Q4 and July 10.0 with an increase in finance and technology roles.
Slide 11: Strong Cash Flow
STRONG CASH FLOW Cash Conversion 150% $'000 FY25 FY24 120% Cash Flows from Operating Activities Receipts from customers 1,226,547 1,277,154 90% Payments to suppliers and employees (1,187,833) (1,266,691) 60% Operating Cashflow pre interest and taxes 38,714 10,463 30% Normalised items paid in cash 4,
Slide 12: Declining Net Debt
DECLINING NET DEBT Net Debt ▶ Positive cash collections have been used to pay down net debt. 90 ▶ Net debt reduced $27.4m during the financial year. 80 ▶ Net debt ratio at 1.6x with significant headroom on all covenants. 70 ▶ Announced $6m on-market share buy-back. 60 50 ▶ Robust balance sheet that
Slide 13: Qld Workforce Demand Is Surging
QLD WORKFORCE WELL PLACED TO CAPITALISE DEMAND IS SURGING ✓ Qld is our largest market • 42% of total revenue from Queensland • Payrolling around 6,000 people a week across the state • Top three provider for all our staffing brands ✓ Long history of staffing solutions for Qld • Founded in Qld • Netwo
Slide 14: Record Defence Investment Momentum Building
RECORD DEFENCE MOMENTUM BUILDING INVESTMENT Supported Exercise Talisman Sabre 2025 – AWX supplied over 200 skilled personnel to US Navy vessels across Sydney, Brisbane, and Cairns during the largest- Source: AFR, March 2025 ever bilateral exercise between Australia and the United States. Source: AFR
Slide 15: Positive Outlook
POSITIVE PeopleIN is well placed to capitalise on significant growth drivers: ▶ Strong cash position and balance sheet strength supports targeted accretive OUTLOOK acquisitions that generate immediate cost synergies. ▶ Leveraging technology-enabled productivity gains to maximise earnings. ▶ Expansio
Slide 16: Thank You
People’ THANK YOU 16
Slide 17: Appendices
People’ APPENDICES 17
Slide 18: Reconciliation of Statutory to Normalised EBITDA
RECONCILIATION OF STATUTORY TO NORMALISED EBITDA $'000 FY25 FY24 Statutory Profit/(loss) Before Tax (10,831) 4,585 Depreciation and Amortisation 17,149 20,375 Finance Costs 7,293 7,964 EBITDA 13,611 32,924 Normalisation adjustments: Preformance rights costs 10 64 Transaction/restructure costs 1,039
Slide 19: 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 20: People’
People’ PeopleiN