Half Year Results 2021

6 months ended 30 June 2021

14th September 2021

Presenting:

Albert Ellis, Chief Executive Officer

Daniel Quint, Chief Financial Officer

Contents:

  • Strategy and vision
  • H1 2021 Highlights
  • H1 2021 Group Financial Performance
  • Brands and services
  • Operational Review
  • Current Trading and Outlook

Strategy and Vision

CAPITALISE ON MARKET LEADERSHIP

position & scale in contingent workforce management

BROADEN THE PORTFOLIO

driving permanent & white-collar recruitment

UNLOCK THE POTENTIAL IN TRAINING return PeoplePlus to sustainable growth

REPUBLIC OF IRELAND

grow market share in a highly attractive market

Our Vision

"To be a world class recruitment and training group, the clear market leader and trusted partner known for excellent service and integrity, driven forward by digital innovation."

3

Highlights H1 2021

Refinancing

  • Transformation of the Group's balance sheet through:
    • Equity raise of net £46.2m
    • New working capital facilities £90.0m, term to 2025, lower margin costs

Trading

  • Strong results delivered for H1 2021, exceeding expectations
  • Market share growth despite exiting low margin contracts
  • All three divisions reporting profitable growth
  • Productivity and margin improvements reported

Operations

  • Business turnaround achieved
  • Recruitment GB & Ireland: Strong new business wins and ongoing pipeline
  • Specialist: Driving, Omega & Datum brands, performing strongly compared to 2020
  • PeoplePlus: 3 Restart sub-contracts secured

4

H1 2021 Financial Review

Daniel Quint

Chief Financial Officer

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Staffline Group plc published this content on 14 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2021 06:11:00 UTC.