BRINGING SKILLED PEOPLE TOGETHER TO BUILD

THE FUTURE

FULL YEAR RESULTS PRESENTATION 2020 RESULTS FOR YEAR ENDED

30 NOVEMBER 2020

WE BRING SKILLED PEOPLE TOGETHER TO BUILD THE FUTURE

STEM

Technology

Life Sciences

Other

Engineering

Banking &

Finance

GLOBAL FOOTPRINT

UNIQUE OPPORTUNITY

FLEXIBLE WORKING

The short-to-mid term project work often required or desired from STEM specialist workers

Employed Freelance Permanent

contractor contractor

2 Note 1: Business mix is based on % of net fees

SThree is at the centre of two long term secular trends with

a unique global footprint to maximise this opportunity

RECURRING REVENUE NATURE OF OUR FLEXIBLE WORKING FOCUS HAS HIGHLY ATTRACTIVE ECONOMICS

Resilient in

Particularly

Higher lifetime

More

Growth in

uncertain

Counter

suited to STEM

predictable

High barriers

markets and

value and

margin at

cyclical cash

staffing

and visible

to entry

strong as

profitability

scale

dynamics

market

earnings

markets

improve

89%

40%

89% of staffing revenue in 2019 was temporary staffing, of

Contract lifetime value is circa 40% greater than

which 43% relates to professional staffing

Permanent equivalent

(Staffing Industry Analysts May 2020)

(Sthree internal data Q4 2020)

3

WE ARE THE ONLY GLOBAL PURE-PLAY STEM SPECIALIST

WE ARE UNIQUE

4

4

RESILIENT PERFORMANCE DRIVEN BY OUR UNIQUE FOCUS ON STEM AND FLEXIBLE WORKING

RevenueNet fees

£1,203m

£308.6m

down 9% YoY

down 8% YoY

Operating profit

Free cash flow conversion %

£31.3m

178%

adjusted operating profit down 48% YoY

2019: 68%

Final dividend reinstated - 5.0p (2019: 0.0p)

Strong balance sheet

£50m

Net cash position as

at 30 November 2020

30 November 2019: £11m

Increase in Contract business mix

76%

FY 2019: 74%

Net fees generated internationally

89%

FY 2019: 87%

International represents our businesses outside the UK

5 Note 1: Numbers presented on an adjusted continuing operations basis excluding discontinued operations in Australia

Note 2: Free cash flow and net cash presented on an adjusted Group basis

Note 3: YoY movement is at constant currency

COVID-19

6

OUR FOCUS ON OPERATIONAL EXECUTION DELIVERED

Progress in KPIs

Market share gains

USA, Germany, Netherlands and UK

Net promoter score

52

2019: 44

Sequential improvement across H2

Sales activity

Contractor retention

increased

rates up

Contractor order

Productivity per

book stabilised

head up YoY

7

FOCUSED EXECUTION GUIDED BY OUR PURPOSE

Three phases of

Initial response

Ongoing management

Recovery phase

response to the

COVID-19 pandemic

by SThree

KEEPING OUR PEOPLE,

CANDIDATES AND CLIENTS SAFE

  • >95% of staff working at home
  • THRIVE wellbeing platform
  • Cultivating future talent such as Tech Career Pathways programme in the USA

8

ENSURING ECONOMIC VIABILITY AND

A VIBRANT BUSINESS

  • Dedicated COVID-19 crisis team of key senior managers set up to mitigate any impacts
  • Careful cost and cash management
  • Longer term kept front of mind, focussed on achieving CMD ambitions

ENSURING BUSINESS CONTINUITY AND ONGOING EFFECTIVE OPERATIONS

  • Providing technology and tools to operate remotely, with over 2,200 laptops deployed in response to the pandemic
  • Sentiment surveys to better understand clients' needs
  • Adapting services for new reality
  • #STEMSeries to nurture interest in our industries

OUR PURPOSE IN ACTION

Our purpose has never been more relevant; 'Bringing skilled people together to build the

future' and help tackle the global health crisis

MAINZ, Germany, December 31, 2020 - BioNTech SE (Nasdaq: BNTX) today wants to express its thanks and gratitude not only to its employees but also to the many partners who have assisted the company in successfully developing a vaccine for COVID-19.BioNTech

acknowledges that without the tireless effort from its' employees and

partners, who have played a pivotal role in this effort, it would not have been able to achieve this historic company milestone, a journey which only began in early 2020.

9

https://biontechse.gcs-web.com/news-releases/news-release-details/biontech-recognizes-employees-and-partners-their-support

PERFORMANCE

10

RESILIENT PERFORMANCE DESPITE IMPACT OF COVID-19

FY 2020

FY 2019

Actual movement

LFL movement*

Revenue

£1,202.6m

£1,324.7m

-9%

-9%

Contract net fees

£233.4m

£251.4m

-7%

-7%

Permanent net fees

£75.2m

£86.6m

-13%

-13%

Total net fees

£308.6m

£338.0m

-9%

-8%

Operating profit

£31.3m

£60.0m

-48%

-48%

Conversion ratio

10.1%

17.8%

-7.7%pts

-7.6%pts

Profit before tax

£30.1m

£59.1m

-49%

-49%

Taxation

(£11.7m)

(£15.9m)

Profit after tax

£18.4m

£43.2m

-57%

Note 1: *Movement is at constant currency, on an adjusted basis

11 Note 2: Numbers presented on an adjusted continuing operations basis excluding discontinued operations in Australia Note 3 Conversion ratio = operating profit expressed as a % of net fees

Note 4: FY 2020 figures are adjusted for the impact of £0.5 million in net exceptional strategic restructuring income

Note 5: FY 2019 figures are adjusted for the impact of £2.3 million in net exceptional strategic restructuring costs and CEO change costs.

Note 6: 2020 adjusted ETR of 39.0%

OPERATING PROFIT AFTER COST SAVINGS AND ONE-OFF ITEMS

One off items

£60.0m

(£11.4m)

(£18.0m)

£1.2m

£7.5m

(£3.6m)

£31.3m

(£1.1m)

(£3.3m)

Operating profit

Permanent

Contract

People costs

IT/ other

Impairments

Business right

Government

Operating profit

FY 2019

net fees

net fees

operational

sizing costs

assistance

FY 2020

costs

12 Note 1: Numbers presented on an adjusted continuing operations basis excluding discontinued operations in Australia

Note 2: FY 2020 figures are adjusted for the impact of £0.5 million in net exceptional strategic restructuring income

Note 3: FY 2019 figures are adjusted for the impact of £2.3 million in net exceptional strategic restructuring costs and CEO change costs.

IMPROVING UNDERLYING SEQUENTIAL PERFORMANCE IN H2

Productivity YoY

Net fee growth YoY

+12%

0%

-6%

-4%

-10%

-7%

-12%

-14%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

  • Productivity up 4% in H2
  • Sequential improvement in net fee growth from Q3 to Q4 across all our major geographies

DACHUSA

EMEA excl DACH GROUP

13 Note 1: Numbers presented on an adjusted continuing operations basis excluding discontinued operations in Australia

Note 2: Productivity expressed as net fees / average total employees

BENEFIT OF FLEXIBLE WORKING & STEM ECM NET FEES GREW 11% YOY

2015

2019

2020

7%

26%

23%

36%

64%

74%

Contract

Contract

57%

51%

  • Employed contractor model 'ECM' has attractive margins, c40% higher than freelance
  • Contractor LTV is c40% higher than Permanent equivalent

24%28%

76%

Contract

48%

Employed Contractor 'ECM'

Freelance Contractor

Total Contract

Permanent

14 Note 1: Employed contractor model ("ECM") where a skilled specialist is legally employed by Sthree typically on a back to back contract with the end client

Note 2: LTV - Life time value represents the value of total net fees generated during the life cycle of a contractor

ROBUST BALANCE SHEET WITH DEBT FACILITIES UNDRAWN

30 Nov 2020

30 Nov 2019

Net working capital

Intangible assets

£4.4m

£8.0m

Permanent

£3.2m

Property, plant & equipment

£7.9m

£6.8m

Contract

£76.3m

Net working capital

£79.5m

£98.0m

£79.5m

Net lease liabilities

(£2.6m)

£0.0m

Provisions

(£12.5m)

(£9.7m)

£50m revolving credit facility with Citibank

and HSBC, committed to May 2023.

Net tax assets

£1.9m

£3.1m

£50m Bank of England's COVID Corporate

Net cash

£49.9m

£10.6m

Financing Facility, available until March 2021.

Net assets

£128.5m

£116.8m

15 Note 1: Presented on a Group basis

STRONG CASH MANAGEMENT AND WORKING CAPITAL UNWIND DRIVES IMPROVED FREE CASH FLOW CONVERSION

FY 2020

Uses of free cash

£16.6m £76.9m

£9.2m

£21.6m

£29.5m

Operating profit Non-cash items

Tax deferrals

Working

Operating cash

capital

flow

261%

2019: 91%

Operating cash flow conversion ratio

16 Note 1: Presented on an adjusted Group basis

Note 2: Prior year has not been restated for IFRS16 as permitted under the specific transitional provisions within the standard

(£10.5m)

(£14.0m)

£52.4m

Tax paid

Bank Interest/

Free cash flow

Lease principal

payments

178

%

2019: 68%

Free cash flow conversion ratio

£5.3m

CAPEX

£1.1m

LTIPs/tracker shares/ other

£6.7m

Dividends

£39.3m

Net increase in cash balance

RESILIENT PERFORMANCE LEADING TO

REINSTATEMENT OF FINAL DIVIDEND

Adjusted

As Reported

Adjusted

As Reported

Adjusted

As Reported

FY 2020

FY 2020

FY 2019

FY 2019

Actual Growth

Actual Growth

Profit after tax

£18.4m

£18.8m

£43.2m

£41.3m

-57%

-55%

For basic EPS

132.1m

132.1m

129.9m

129.9m

+2%

+2%

Weighted

average

Dilutive impact of share plans

4.3m

4.3m

3.7m

3.7m

+16%

+16%

number of

shares

Fully diluted EPS

136.4m

136.4m

133.6m

133.6m

+2%

+2%

Basic

13.9p

14.2p

33.2p

31.8p

-58%

-55%

EPS

Diluted

13.5p

13.8p

32.3p

30.9p

-58%

-55%

Interim

-

-

5.1p

5.1p

-

-

DPS

Final

5.0p

5.0p

-

-

-

-

Full Year

5.0p

5.0p

5.1p

5.1p

-2%

-2%

17

Note 1: Numbers presented on a continuing operations basis excluding discontinued operations in Australia

BUSINESS OVERVIEW

18

GLOBAL BUSINESS OPERATING IN THE BEST STEM MARKETS

Net fees

3%

3%

25%

34%

23%

32%

42%

38%

DACHUSA

EMEA excl DACH

APAC

19 Note 1: Business mix is based on % of net fees

Note 2: All pie charts: Outside FY 2020; Inside FY 2019

Note 3: Size of bubble denotes the size of the staffing markets based on revenue (Source: SIA Global staffing Industry)

GROUP KPIS

Revenue

Net fees

£1,203

£308.6

million

million

Average sales headcount

NPS

2,193

52

FTE

Net fees (£m)

FY20

£308.6

FY19

£338.0

FY18

£316.5

Contractor Order Book

£92.4m £98.1m

£76.6m

FY 2017

FY 2018

FY 2019

-10%

Division

YoY

24%

76%

£88.8m

26%

74%

FY 2020

Sector

23%

20%

21%

22%

2%

3%

45% 45%

11%

8%

Note 1: All pie charts: Outside FY 2020; Inside FY 2019 Contract Permanent

Note 2: Numbers presented on an adjusted continuing operations basis excluding discontinued operations in Australia

Note 3: All variances at constant currency unless otherwise stated

20 Note 4: Contractor order book represents value of net fees until contractual end dates, assuming all contracted hours are worked

Note 5: Contractor order book restated at FY 2020 average rates

Technology

Engineering

Life Sciences Other

Banking & Finance

DACH

(34% OF GROUP NET FEES)

Revenue

Net fees

Average sales headcount

NPS

£371.9

£105.8

786

55

million

million

FTE

Division

Sector

18%

35%

65%

16%

35%

65%

16% 18%

58%

60%

7%

6%

Contract

Permanent

Net fees (£m)

FY20

FY19

FY18

Technology

Banking &

Finance

Engineering

Life Sciences

Other

£105.8

£109.3

£99.4

21 Note 1: All pie charts: Outside FY 2020; Inside FY 2019

Note 2: All variances at constant currency unless otherwise stated

DACH

(34% OF GROUP NET FEES)

Contractor Order Book

+5%

YoY

Austria

Switzerland

5% 3%

£27.8m £29.1m

£23.6m

£20.2m

FY 2017

FY 2018

FY 2019

FY 2020

92%

Contractor order book 3 year CAGR growth of +13%

Germany

Note 1: All variances at constant currency unless otherwise stated

Note 2: Contractor order book represents value of net fees until contractual end dates, assuming all contracted hours are worked

22 Note 3: Contractor order book restated at FY 2020 average rates

Note 4: Lünendonk is German peer of the global organisation, Staffing Industry Analyst - the body that analyses the world wide recruitment industry

  • Resilient performance with FY net fees down 3% YoY (Contract down 3% and Permanent down 3%)
  • Life Sciences up 4% driven by exceptional Q1 and increased demand in H2 in Clinical Research & Development
  • Technology was flat in the year with increasing demand for Cyber Security and Data Science skills
  • Growth in our STEM market share and now the third largest IT Contract recruiter in Germany
  • Average sales headcount up 1% with Technology up 5% and Life Sciences down 1%

EMEA EXCL DACH

(38% OF GROUP NET FEES)

Revenue

Net fees

£588.8

£117.6

million

million

Average sales headcount NPSNet fees (£m)

934

53

FY20

£117.6

FY19

£141.2

FY18

£141.8

FTE

Division

14%

16%

86%

Sector

3%

12%

4%

11%

84%

Contract

Permanent

25% 22%

51% 50%

Technology

Banking &

Finance

Engineering

12%

Life Sciences

10%

Other

23 Note 1: All pie charts: Outside FY 2020; Inside FY 2019

Note 2: All variances at constant currency unless otherwise stated

The Netherlands, our largest country in the region, was down 10% however there were strong performances in Engineering and Life Sciences up 20% and 6% respectively

EMEA EXCL DACH

(38% OF GROUP NET FEES)

Contractor Order Book

-26%

YoY

• Net fees down 16% with

Dubai

Other

5%

Netherlands

Contract down 15% and

Permanent down 26%

£43.9m £41.9m

£37.5m

£30.9m

FY 2017

FY 2018

FY 2019

FY 2020

Contractor order book decline driven by UK and the Netherlands

Belgium 4%

10%

France 11%

30%

UK

• Challenging performance in

the UK with net fees down 19%

40%

FY

2020

• Market share gained in the Netherlands and UK

• Average sales headcount was down 16% with UK down 18% and the Netherlands down 13%

Note 1: All variances at constant currency unless otherwise stated

Note 2: Contractor order book represents value of net fees until contractual end dates, assuming all contracted hours are worked

Note 3: Contractor order book restated at FY 2020 average rates

24 Note4: Other includes: Ireland 2%, Luxembourg 2%, Spain 1%

Note 5: The Netherlands temporary technical sector market turnover (ABU Data 2020)

Note 6: SIA 2020

USA

(25% OF GROUP NET FEES)

Revenue

Net fees

£227.5

£77.3

million

million

Division

20%

80%

22%

78%

Contract

Permanent

Average sales headcount NPSNet fees (£m)

389

51

FY20

FY19

FTE

FY18

Sector

1%

15%

3%

14%

8%

13%

Technology

47% 41%

Banking &

Finance

29%

29%

Engineering

Life Sciences

Other

£77.3

£76.7

£66.7

25 Note 1: All pie charts: Outside FY 2020; Inside FY 2019

Note 2: All variances at constant currency unless otherwise stated

FY 2020

USA

(25% OF GROUP NET FEES)

Contractor Order Book

+1%

YoY

£27.8m

£28.1m

£24.1m

£18.2m

FY 2017

FY 2018

FY 2019

FY 2020

  • USA demonstrated its strength with net fees up 2% in the year
  • Life Sciences up 16% driven by increased activity in H2 in Clinical Operations, Product Development and Quality Assurance
  • Technology up 9% with increased demand for Tech skills that support digital transformation such as Mobile Applications and Software Development
  • Growth in our market share as we outperformed the STEM market
  • Key area of focus for the Group with average sales

headcount down 1%

Contractor order book 3 year CAGR growth of +16%

Note 1: All variances at constant currency unless otherwise stated

Note 2: Contractor order book represents value of net fees until contractual end dates, assuming all contracted hours are worked

26 Note 3: Contractor order book restated at FY 2020 average rates

Note 4: USA SIA September 2020 update

APAC

(3% OF GROUP NET FEES)

Revenue

£14.4

million

Division

Contract

Permanent

Net fees

£7.9

million

20%

16%

84%

80%

Average sales headcount

NPS

86

27

FTE

Sector

26%

30%

1%

2%

19% 25%

Net fees (£m)

FY20

£7.9

FY19

£10.8

FY18

£8.6

43%

Technology

54%

Banking &

Finance

Engineering

Life Sciences

Other

Note 1: All pie charts: Outside FY 2020; Inside FY 2019

27 Note 2: All variances at constant currency unless otherwise stated

Note 3: APAC region now excludes discontinued operations in Australia

APAC

(3% OF GROUP NET FEES)

Contractor Order Book

-8%

YoY

Singapore

£0.7m

£0.7m

£0.7m

26%

£0.6m

FY 2017

FY 2018

FY 2019

FY 2020

Contractor order book impacted by Japan with Singapore up 10% YoY

74%

Japan

  • Net fees down 26% in the year driven by transactional nature of our Japan business which is 94% Permanent
  • Japan, our largest country in the region, was down 25% with Technology down 9%, Life Sciences down 46% and Banking & Finance down 53%
  • Singapore net fees down

FY 29% YoY

2020

• Average sales headcount was down 18% in the region with Japan headcount down 10%

Note 1: All variances at constant currency unless otherwise stated

28 Note 2: Contractor order book represents value of net fees until contractual end dates, assuming all contracted hours are worked

Note 3: Contractor order book restated at FY 2020 average rates

STRATEGY & OUTLOOK

29

PROGRESS AGAINST OUR STRATEGIC PILLARS

Leveraging our position at

the centre of STEM to deliver

sustainable value to our candidates and customers

  • Delivered 75 virtual events within our #STEMseries, with 2,754 participants
  • Performed a strategic portfolio review
  • Brand purpose aligned to SThree's core value proposition
  • Delivered two community outreach programs

Create a world class

operational platform

through data, technology and infrastructure

  • Appointed Chief Operating Officer
  • Systems and hardware to support remote working rolled out with 2,700 laptops deployed
  • STEM market intelligence sentiment surveys
  • SAP cloud migration

To be a leader in

markets we choose

to serve

  • DACH business recognised as third largest IT Contract recruiter in Germany
  • Focus on improving customer satisfaction results with NPS up 8 pts to 52
  • Thought leadership to maximise our position in our markets

Find, develop, retain

great people

  • Pulse surveys on employee experience
  • 5,900 hours of learning delivered
  • Launched THRIVE, our commitment to heath and wellbeing in May
  • New global D&I strategy launched
  • Female management level 3 +27%pts to 58%, level 4 +16%pts to 27%

Note 1: #STEMSeries - https://www.sthree.com/en/about-us/virtual-events/

30 Note 2: Level 3 cohort represents Sales Business Managers & level 4 cohort represents Sales Directors

Note 3: Lünendonk is German peer of the global organisation, Staffing Industry Analyst - https://www.luenendonk.de/produkte/listen/luenendonk-liste-2020-fuehrende-anbieter-fuer-rekrutierung-vermittlung-und-steuerung-von-it-freelancern-in-deutschland/

ESG: EMPOWERING A SUSTAINABLE FUTURE THROUGH STEM

We have defined three clear areas where we can have the biggest impact

Building a

Building an

Building on our

green future

inclusive workforce

business ethics

for the future

  • We will reduce our carbon footprint by 20% by 2024
  • Partner with clients to build future powered by clean energy
  • Aim to grow our renewables business and provide right talent for transition to low
    carbon economy

Positively impact 150,000 lives by 2024 through

• Continue to realise our purpose by facilitating

delivering recruitment solutions and community

partnerships with all our stakeholders to go

programmes

beyond what is expected to achieve the

• Tackle inequality and diversify the industries we

Sustainable Development Goals

partner with through STEM career pathways

program

  • Use skills and knowledge to provide career support to people at risk of unemployment

2020 ESG achievements

reduction in our

lives positively

hours of volunteering to

56% carbon footprint

15,764 impacted by

2,408 strengthen our communities

31

SThree

MARKET OUTLOOK - KEY THEMES ARE GAINING TRACTION

Management of a more flexible and resilient workforce of the future

  • Importance and difficulty of finding the right people
  • Investigating alternative markets to find talent

Re-building supply chains with a focus on resilience and sustainability (just in time to just in case)

  • Focus on planning for the future
  • Innovative solutions for challenges

Digital transformation acceleration

  • Need for specialist roles: - Automation
    • Cyber Security
    • Infrastructure
    • e-channels

32

Note 1: Sthree Q4 Sentiment survey - over 320 candidates and 230 clients surveyed

THE FOCUS, ACROSS ALL THEMES

INVESTING:

Businesses are investing to ensure ongoing resilience post-pandemic

  • 40% of employers expect that employees will require digital reskilling
  • 48% investing in technology
  • 34% investing in high calibre talent

AGILITY:

Organisational agility is key

  • People at the forefront
  • Remote work is here to stay, transforms geographical job markets
  • 45% specifically stated they demand more adaptable employees
  • 37% adopting agile methodologies

DEMAND:

Demand for the right STEM talent still exceeds supply

  • Finding the right talent is as challenging as ever despite increased candidate pools
  • 56% infrastructure, network and cloud
  • 59% Cybersecurity
  • 44% mobile applications

33

OUTLOOK - OUR FOCUS GOING FORWARD

Continue to drive the Group forward towards our long term 2024 ambitions

Build on 2020 success in driving

first-class strategic execution

across the business, ensuring we are able to best capitalise on opportunities

Secular trends of STEM and flexible working will become more powerful over the next year,

as shown in our sentiment surveys

In line with our strategic pillars,

continue to invest in data,

technology and our go to market approach, leveraging the power of our platform

34

MAKING PROGRESS AGAINST GROUP AMBITIONS 2024

Market share of STEM2020 Progress Conversion ratio (CR%1)2020 Progress

To grow Group

50%

21-24%

market share by

To 3% by 2024

2020: 10.1%

(2020: 2%)

Free cash flow (FCF) CR%2

2020 Progress

People and society

2020 Progress

To drive a free cash

75%

• To maintain Learning & Development spend

at 5% of operating profit

flow CR% of at least

• To grow productivity3 per head over

2020 - FCF CR%: 178%

the period by 1% - 2% pa

• To reduce our absolute CO2 emissions by 20%

Note 1: Ratio of operating profit to net fees

Note 2: Free cash flow CR% represents cash generated from operations for the year after deducting tax, net interest cost and rent payments, stated as a percentage of operating profit

Note 3: Productivity expressed as net fees / average total employees

35

Q&A

36

FINANCIAL CALENDAR

20212022

15 March

Q1 Trading Statement

31 January

Annual results for the year ended 30 November 2021

22 April Annual General Meeting

14 June Trading update for the six months ended 31 May 2021

19 July

Interim results for the six months ended 31 May 2021

13 September Q3 Trading Statement

13 December Trading2021 update for the year ended 30 November

37

APPENDIX

38

HISTORICAL NET FEES AND CONTRACT MARGIN

Full Year

£218.2m

£235.7m

£258.7m

£117.4m

£125.2m

£138.9m

Net fees

£100.8m

£110.5m

£119.8m

20.0%

19.8%

19.9%

Contract margin%

2014

2015

2016

£287.7m

£153.3m

£134.4m

H1 H2

19.8%

2017

£321.1m

£338.0m

£308.6m

£172.7m

£177.1m

£158.7m

£148.4m

£160.9m

£149.9m

20.7%

20.3%

19.9%

2018

2019

2020

39 Note 1: 2019 and 2020 presented on an adjusted continuing operations basis excluding discontinued operations in Australia

HISTORICAL OPERATING PROFIT AND CONVERSION RATIO

Full Year

Adjusted Operating profit

Adjusted

Conversion ratio %

£29.8m

£21.4m

£8.4m

8.3%

13.7%

2014

£41.5m£41.3m

£27.4m£26.0m

£14.1m£15.3m

12.8%

17.6%

12.8%

16.0%

20152016

£44.9m

£53.9m

£60.0m

£31.3m

£33.5m

£35.2m

£25.6m

£17.4m

£19.3m

£20.4m

£24.8m

£13.9m

H1

H2

14.4%

15.6%

13.7%

16.8%

15.4%

17.8%

9.3%

10.1%

2017

2018

2019

2020

HY FY

40 Note 1: 2019 and 2020 presented on an adjusted continuing operations basis excluding discontinued operations in Australia

TOTAL GROUP PERFORMANCE

FY 2020

FY 2019

Actual movement

LFL movement*

Revenue

£1,214.1m

£1,345.0m

-10%

-10%

Contract net fees

£235.2m

£254.6m

-8%

-7%

Permanent net fees

£75.6m

£87.8m

-14%

-14%

Total net fees

£310.8m

£342.4m

-9%

-9%

Operating profit

£29.5m

£60.0m

-51%

-51%

Conversion ratio

9.5%

17.5%

-8.0%pts

-8.0%pts

Profit before tax

£28.3m

£59.1m

-52%

-52%

Taxation

(£11.7m)

(£15.9m)

Profit after tax

£16.6m

£43.2m

-62%

41

Note 1: *Movement is at constant currency, on an adjusted basis

Note 4: FY 2020 figures are adjusted for the impact of £0.5 million in net exceptional strategic restructuring income

Note 2: Numbers presented on an adjusted Group basis

Note 5: FY 2019 figures are adjusted for the impact of £2.3 million in net exceptional strategic restructuring costs and CEO change costs.

Note 3 Conversion ratio = operating profit expressed as a % of net fees

Note 6: 2020 adjusted ETR of 41.5%

FOREIGN EXCHANGE IMPACT SMALL IN 2020

Year ended

Year ended

YoY exchange

30 November 2020

30 November 2019

rate movement

Average

Closing

Average

Closing

Average

Closing

EUR €

1.14

1.12

1.13

1.17

-0.2%

+4.8%

USD $

1.29

1.33

1.27

1.29

-1.0%

-3.0%

Year ended

Year ended

30 November 2020

30 November 2019

Net Fees

Operating profit

Net fees

Operating profit

EUR €

£1,778k

£448k

£1,963k

£595k

Impact of a 1%

USD $

£775k

£245k

£770k

£230k

change per annum

The Group's net fees and operating profit decreased by £1.0m and £0.2m respectively, due to a modest FX headwind

42

COST BASE ANALYSIS

Cost base

Payroll costs

Payroll

Property

Support Services

Sales

Advertising

IT & Professional

Other

43

IFRS16 IMPACT ON THE INCOME STATEMENT AND BALANCE SHEET

Adjusted

Marginal impact to operating profit of £0.5m and profit before tax of (£0.2m)

44

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SThree plc published this content on 25 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2021 11:11:03 UTC