DOCSLIB.ORG

Investor Day Presentation 2014

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Investor Day Presentation 2014 STHREE INVESTOR DAY 2014 1 STHREE STRATEGY EVOLUTION NOT REVOLUTION GARY ELDEN 2 THE AGENDA FOR TODAY 14.00 – 14.05 Introduction GE 14.05 – 14.30 SThree Strategy – Evolution not Revolution GE Strategic positioning 5 point plan 14.30 – 14.50 Plan To Triple Profits AS Contract 14.50 – 15.15 Energy JH 15.15 – 15.20 Q&A ALL 15.20 – 15.45 Comfort Break & Tech Demo ALL 15.45 – 16.15 USA SQ 16.15 – 16.45 Life Sciences SQ 16.45 – 17.15 Wrap up/Q&A GE/ALL 17.15 – 18.00 Drinks, opportunity to meet management ALL www.sthree.com | SThree plc 3 TIMELINE www.sthree.com | SThree plc 4 STHREE STRATEGIC POSITIONING Ø Pure play STEM specialist staffing company OUR Ø Multi-Brand approach DNA Ø Entrepreneurial culture Ø Contract & Permanent Ø Global database for global candidates www.sthree.com | SThree plc 5 PURE PLAY STEM SPECIALIST STAFFING COMPANY PERM SALARY £55k CONTRACT PRO- RATA £93k OUR SECTORS Banking & Finance Energy Engineering ICT Life Sciences www.sthree.com | SThree plc 6 STHREE STRATEGIC POSITIONING Ø Pure play STEM specialist staffing company Ø Multi-Brand approach Ø Entrepreneurial culture Ø Contract & Permanent Ø Global database for global candidates www.sthree.com | SThree plc 7 MULTI BRAND APPROACH www.sthree.com | SThree plc 8 STHREE STRATEGIC POSITIONING Ø Pure play STEM specialist staffing company Ø Multi-Brand approach Ø Entrepreneurial culture Ø Contract & Permanent Ø Global database for global candidates www.sthree.com | SThree plc 9 ENTREPRENEURIAL CULTURE Tracker Shares - how they work ≤ 22.5% Sold To Investor ≤ 22.5% Sold To Investor 5 YEARS ≥ 77.5% Owned by ≥ 77.5% Owned by SThree SThree Business valued at an early stage Exit Value ½ - ⅔ x PAT x PER • Strong governance via MI Steering Committee • 2013 buy backs £7m, 2012 £10m • Expect future buy backs to be £5-£15m in shares • Buyouts entirely at SThree’s discretion – no put option Drives strong retention and ownership behaviours www.sthree.com | SThree plc 10 STHREE STRATEGIC POSITIONING Ø Pure play STEM specialist staffing company Ø Multi-Brand approach Ø Entrepreneurial culture Ø Contract & Permanent Ø Global database www.sthree.com | SThree plc 11 CONTRACT AND PERMANENT 12% CAGR PERM 35% PERM 44% PERM 2008 2013 2018 48% % of GP CONTRACT 52% % of GP CONTRACT % of GP 56% CONTRACT 65% • Headcount on Contract now 50% first time in our history • Perm still has massive growth potential, especially in our core established locations www.sthree.com | SThree plc 12 STHREE STRATEGIC POSITIONING Ø Pure play STEM specialist staffing company Ø Multi-Brand approach Ø Entrepreneurial culture Ø Contract & Permanent Ø Global database for global candidates and clients www.sthree.com | SThree plc 13 GLOBAL DATABASE FOR GLOBAL CANDIDATES AND CLIENTS GLOBAL CANDIDATES PROVIDE AN ABILITY TO TAKE LARGER GEOGRAPHICAL STEPS APPROX 50% OF CONSULTANTS ARE WORKING ON GLOBAL CANDIDATE MARKETS 90% OF DEAL GP FROM TOP 50 CLIENTS IN GLOBAL SECTORS www.sthree.com | SThree plc 14 STHREE GROWTH – 5 POINT PLAN 1. Regional growth opportunities 2. Sectors 3. Contract 4. Organic growth/M&A 5. Infrastructure for growth www.sthree.com | SThree plc 15 REGIONAL GROWTH OPPORTUNITIES www.sthree.com | SThree plc 16 REGION Americas APAC/ME 2% 2% APAC/ME 9% APAC/ME DACH 10% France 10% UK&I 5% Americas UK&I 24% 11% 31% 12% Americas CAGR 22% 2008 2013 2018 % of GP8% % of GP % of GP CAGR UK&I 56% DACH Benelux Benelux 25% 13% 25% Benelux 18% 22% DACH CAGR 28% France 3% France6% CAGR6% • UK Still down 50% from its peak headcount and GP • DACH Immature market We have a strong regional presence Very strong in STEM • USA H1 2014 represents 14% of the group Fastest growing region over the last 3 years Has the biggest market and highest growth potential www.sthree.com | SThree plc 17 STHREE GROWTH – 5 POINT PLAN 1. Regional growth opportunities 2. Sectors 3. Contract 4. Organic growth/M&A 5. Infrastructure for growth www.sthree.com | SThree plc 18 SECTOR Other Other Other 3% 1% Life Sciences 4% 2% ENG 7% Life Sciences Life Sciences 15% ICT 20% 32% Banking & ICT 43% Finance 2008 ENG 2013 2018 16% 12% % of GP % of GP ENG % of GP 10% IT Energy Banking & 71% 12% Finance 12% Banking & Energy Finance 25% 15% • ICT Only 4% of our business is outside of Europe, so massive growth opportunity • LIFE SCIENCE Resilient market. Not as competitive. Potential to be the market leader. Only working a small percentage of the market • BANKING & FINANCE Strong office footprint. One of the biggest players in the market • ENERGY Fastest growing sector. Global footprint www.sthree.com | SThree plc 19 STHREE GROWTH – 5 POINT PLAN 1. Regional growth opportunities 2. Sectors 3. Contract 4. Organic growth/M&A 5. Infrastructure for growth www.sthree.com | SThree plc 20 CONTRACT - THE STRATEGIC CASE Seasoned contactors in STEM Markets Resilient in uncertain markets and strong as markets improve Established regions strong on Contract USA specialist staffing market 80-90% Contract Strong sector play staffing Energy Contract dominated UK&I CONTINENTAL AMERICAS APAC & ME CONTRACT CONTRACT PERM 47% 24% 30% PERM 45% PERM 53% PERM 76% CONTRACT CONTRACT 70% 55% www.sthree.com | SThree plc 21 CONTRACT AND PERMANENT PERM 35% PERM PERM 44% 2013 2018 48% 2008 CONTRACT % of GP 52% % of GP CONTRACT % of GP 56% CONTRACT 65% • Headcount for the first time in our history on Contract is the same size as Perm • Perm still has massive growth potential, especially in our core established locations www.sthree.com | SThree plc 22 STHREE GROWTH – 5 POINT PLAN 1. Regional growth opportunities 2. Sectors 3. Contract 4. Organic growth/M&A 5. Infrastructure for growth www.sthree.com | SThree plc 23 ORGANIC GROWTH DACH AMERICAS 1 Managing Director 1 Regional CEO 1 Director 5 Directors 4 Managers 14 Managers BENELUX SECTOR HEADS 3 Directors 2 Directors MIDDLE EAST 2 Directors APAC 4 Managers 5 Consultants 1 Regional CEO 3 Directors 6 Managers 14 Consultants www.sthree.com | SThree plc 24 M&A Talent • Acquisition of key personnel: Region: Japan and Russia Sector: Energy • Tracker shares helps attract and retain staff Businesses • Actively engaged in looking at opportunities • Small bolt on to expedite access to: New Geographies New Sectors • Taking a measured approach www.sthree.com | SThree plc 25 STHREE GROWTH – 5 POINT PLAN 1. Regional growth opportunities 2. Sectors 3. Contract 4. Organic growth/M&A 5. Infrastructure for growth www.sthree.com | SThree plc 26 INFRASTRUCTURE FOR GROWTH……. The Group will benefit from operational gearing into recovery www.sthree.com | SThree plc 27 KEY TAKEAWAYS GROWTH WITHIN EXISTING - Sectors - Regions - Infrastructure CONTRACT PERM - High Growth potential within - Confidence in market creates churn = improving yields and STEM Markets productivity PEOPLE- High barriers to entry - Niche focus will see improving fees in core regions - Robust in all markets - Plenty of room to grow PEOPLE We have the opportunities and reward mechanism to keep and attract the best talent www.sthree.com | SThree plc 28 ALEX SMITH: CFO FINANCIALS PRESENTATION www.sthree.com | SThree plc 29 AGENDA 1 PLAN TO TRIPLE PROFITS 2 CONTRACT www.sthree.com | SThree plc 30 FINANCIAL 5 YEAR PLAN www.sthree.com | SThree plc 31 GROUP FINANCIAL 5 YEAR PLAN – SCENARIOS 2013 5 year Low Medium* High Gross Profit £193m £290m £325m £390m +9% +12% +16% CAGR CAGR CAGR Operating Profit £21m £54m £73m £107m +20% +28% +38% CAGR CAGR CAGR CR% 11% 19% 23% 28% Headcount 1,458 2,155 2,490 2,770 +7% +10% +14% CAGR CAGR CAGR * Objective assumes achieving the medium case operating profit objectives. Nothing in this presentation should be construed as a profit reforecast. There is no certainty over profitability or timing of achieving these objectives and they are dependant upon a variety of assumptions and factors. They assume constant FX rates as of November 2013 As a Medium case, we can both triple & diversify group profits www.sthree.com | SThree plc 32 INFRASTRUCTURE FOR GROWTH……. The Group will benefit from operational gearing into recovery www.sthree.com | SThree plc 33 HEADCOUNT BY REGION - 5 YEAR PLAN 800 700 10% CAGR MEDIUM CASE 600 6% CAGR GROUP 12% HEADCOUNTCAGR 500 CAGR OF +10% 17% 400 CAGR 3% 300 CAGR 200 5% CAGR 100 0 UK&I GERMANY BENELUX USA APAC May-14 MEDIUM CASE www.sthree.com | SThree plc 34 HEADCOUNT BY REGION - 5 YEAR PLAN 900 800 12% CAGR 700 8% 10% HIGH CASE CAGR 6% CAGR GROUP 600 CAGR HEADCOUNT12% CAGR 500 22% CAGR OF CAGR +14% 17% 400 CAGR 6% 3% CAGR 300 CAGR 9% CAGR 200 5% CAGR 100 0 UK&I GERMANY BENELUX USA APAC May-14 MEDIUM CASE HIGH CASE www.sthree.com | SThree plc 35 REGION Americas APAC/ME 2% 12% 2% CAGR APAC/ME 9% APAC/ME 8% DACH 10% France 10% CAGR UK&I 5% Americas UK&I 24% 11% 31% Americas 22% 22% CAGR 2008 2013 2018 % of GP UK&I % of GP % of GP 56% DACH Benelux Benelux 25% 6% 13% 25% CAGR Benelux 18% DACH 28% France 3% France 6% Geographical shift towards Americas and DACH www.sthree.com | SThree plc 36 SECTOR Other Other Other 3% 1% Life Sciences 4% 12% 2% CAGR ENG 7% Life Sciences Life Sciences IT 15% 20% 32% Banking & IT 43% Finance 2008 ENG 2018 12% 2013 16% % of GP ENG % of GP % of GP 10% Banking & IT Energy Finance 71% 12% Energy 12% Banking & 25% Finance 15% Energy & Life Sciences expected to grow share www.sthree.com | SThree plc 37 BUSINESS SHAPE 12% CAGR PERM 35% PERM PERM 2008 44% 2013 2018 48% CONTRACT % of GP 52% % of GP CONTRACT % of GP 56% CONTRACT 65% Further remix of the business towards contract www.sthree.com | SThree plc 38 UNDER THE MEDIUM CASE SCENARIO OF OUR 5 YEAR PLAN WE WOULD: Significantly increase the quality of earnings ✓ Increased
Load more

Recommended publications
  • Our Purpose: 'Bringing Skilled People Together to Build The
    SThree plc Annual Report and Accounts 2020 01 2020 PERFORMANCE HIGHLIGHTS Our purpose: During this extraordinary year we saw the benefits of our resilient business model and strategy, which are at the centre of two secular, Our approach to ESG We are building an inclusive workforce for long-term trends – growing demand for STEM skills and flexible working. the future by sourcing and nurturing the This has helped us outperform our peers and shape the results we are diverse talent needed to solve the complex reporting for 2020. ‘Bringing skilled challenges facing our world; challenges such as the global pandemic we faced this While our business was not immune to the economic impact of the year and the ongoing climate crisis. COVID-19 health crisis, it was well prepared to embrace the challenging times and adjust its operations to the changing demands of our See Responsible business people together to on pages 60-63 customers across all markets. Strategic Report 1 2020 performance highlights 4 Thematic spreads 12 Our purpose and strategy 2020 £1.2bn 2020 £309m build the future’ 2019 £1.3bn 2019 £338m 14 Our business at a glance 16 Chair’s statement 2018 £1.2bn 2018 £317m 18 Chief Executive Officer’s statement 22 Investment case 24 Market overview £1.2bn £309m 28 Our business model Revenue Net fees 30 Stakeholder engagement (incl. Section 172 statement) (2019: £1.3bn) (2019: £338m) 38 Strategy overview 40 Key performance indicators 42 Strategy in action 60 Responsible business 2020 £31m 2020 £32m 64 Risks 2019 £60m 2019 £58m 76 Compliance
    [Show full text]
  • Annual Report 2020
    Hays plc Annual Report & Financial Statements 2020 NAVIGATING THE NEW WORLD OF WORK ‘Our Hays Story’ in 2020 was unlike any in our 52 years. The severe impact of the global Covid-19 pandemic was harsher than any conditions we have seen. Facing this challenge, I am immensely proud of the innovation and steadfast commitment shown by all our Hays colleagues. We transitioned to remote working almost overnight, while retaining complete operational functionality. Our purpose has never been more relevant. We bring opportunities to people, helping them improve their lives and fulfil their potential. Over many years we have helped literally millions of talented individuals develop their careers. We are determined to continue this help as the world adjusts to, and emerges from, the pandemic. The pandemic has accelerated the digital revolution. We are enabled by technology and data. By harnessing the ‘art’ of recruitment – our expert people – with the ‘science’ of technology and data, we are determined to create the recruitment experience of tomorrow. We are global leaders. We have built the world’s largest and most diversified white-collar recruitment business, with over 10,000 colleagues. Our aim is to become lifelong partners to our clients and candidates, writing new stories and changing lives every day. It is a privilege to be able to bring some of these stories to life in our Annual Report. Alistair Cox Chief Executive OUR HAYS STORY We are proud to be industry The digital revolution is Our speed and agility will help ...allowing us to become trusted leaders, based on our deep accelerating, and we will lead us to create the recruiting lifelong partner to millions knowledge and expertise our industry through change experience of tomorrow..
    [Show full text]
  • Independent Auditors' Report
    Independent auditors’ report to the members of SThree plc Report on the audit of the financial statements Opinion In our opinion, SThree plc’s Group financial statements and Company financial statements (the ‘financial statements’): – give a true and fair view of the state of the Group’s and of the Company’s affairs as at 30 November 2019 and of the Group’s profit and the Group’s and the Company’s cash flows for the year then ended; – have been properly prepared in accordance with International Financial Reporting Standards (‘IFRSs’) as adopted by the European Union and, as regards the Company’s financial statements, as applied in accordance with the provisions of the Companies Act 2006; and – have been prepared in accordance with the requirements of the Companies Act 2006 and, as regards the Group financial statements, Article 4 of the IAS Regulation. We have audited the financial statements, included within the Annual Report and Accounts (the ‘Annual Report’), which comprise: the Consolidated and Company Statements of Financial Position as at 30 November 2019; the Consolidated Income Statement, the Consolidated Statement of Comprehensive Income, the Consolidated and Company Statements of Cash Flow, the Consolidated Statement of Changes in Equity for the year then ended, the Company Statement of Changes in Equity for the year then ended; and the notes to the financial statements, which include a description of the significant accounting policies. Our opinion is consistent with our reporting to the Audit Committee. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (‘ISAs (UK)’) and applicable law.
    [Show full text]
  • Registered Office: 5Th Floor, GPS House 215-227 Great Portland Street London W1W 5PN
    THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR AUTHORISED PURSUANT TO THE FINANCIAL SERVICES AND MARKETS ACT 2000 IMMEDIATELY. IF YOU HAVE SOLD OR TRANSFERRED ALL OF YOUR ORDINARY SHARES IN STHREE PLC PLEASE SEND THIS DOCUMENT, TOGETHER WITH THE OTHER ACCOMPANYING DOCUMENTS, AT ONCE TO THE PURCHASER OR TRANSFEREE, OR TO THE STOCKBROKER, BANK OR OTHER AGENT THROUGH WHOM THE SALE OR TRANSFER WAS EFFECTED FOR TRANSMISSION TO THE PURCHASER OR TRANSFEREE. Registered Office: 5th Floor, GPS House 215-227 Great Portland Street London W1W 5PN Registered in England No. 3805979 25 January 2013 Dear Shareholder NOTICE OF ANNUAL GENERAL MEETING I am pleased to inform you that our 2013 Annual General Meeting (“AGM”) is to be held at 5th Floor, GPS House, 215-227 Great Portland Street, London, W1W 5PN on Thursday 18 April 2013 at 11:30am. The formal notice of the AGM, particulars of the resolutions on which you can vote and details of the administrative arrangements are set out in this circular. If you are not able to come to the AGM in person, your vote is still important and I would urge you to complete, sign and return the accompanying proxy form to be received by 11:30am on Tuesday 16 April 2013. Submission of a proxy appointment will not prevent you from attending and voting at the AGM in person should you wish to do so.
    [Show full text]
  • Sthree Investor Day 23Rd March 2010 Investor Day 2010 Day Investor
    SThree Investor Day 23rd March 2010 Investor Day 2010 Day Investor www.SThree.com SThree plc 1 Agenda • Introduction & Overview Russell Clements Investor Day 2010 Day Investor • Key Risks & Mitigation Alex Smith • Market Selection Criteria Justin Hughes • Case Study – Germany Nye Bidwell • Case Study – Singapore/Oil & Gas Stuart Clark • IT As A Strategic Differentiator David Timoney • Apollo/MIS Walkthrough Andy Hallett www.SThree.com SThree plc 2 Globalising The Business Introduction & Overview Russell Clements - CEO Investor Day 2010 Day Investor www.SThree.com SThree plc 3 The SThree Strategy Investor Day 2010 C o Further n Commitment to t international in the UK business u e expansion th e In line with our values of energy, reward, rapport & respect M Development of www.SThree.com Drive operational u efficiencies / improve l ti -b new staffing ra n productivity d sectors a p p ro a c h SThree plc 4 Global Expansion – The Story So Far • International expansion began 1998 in Brussels • 27 overseas offices – 21 Europe and 6 ROW • 2009 55% gross profit generated outside of the UK Investor Day 2010 Day Investor • At Q1 2010 circa 700 sales staff overseas (58% of total) with 100 overseas sales vacancies approved • Non UK GP split currently 55% Permanent and 45% Contract • Largest overseas market is Benelux, followed by Germany • Two further international offices confirmed for start H2 2010 – San Francisco and Delhi www.SThree.com SThree plc 5 Methodology – The Criteria Used To Target Locations Availability of Medium term Economic size*
    [Show full text]
  • Annual Report and Accounts 2019 the FOURTH INDUSTRIAL REVOLUTION IS UPON US
    FINDING THE PEOPLE THE WORLD NEEDS Annual Report and Accounts 2019 THE FOURTH INDUSTRIAL REVOLUTION IS UPON US. ENTIRE SYSTEMS OF PRODUCTION, MANAGEMENT, AND GOVERNANCE IN ALMOST EVERY INDUSTRY IN EVERY COUNTRY ARE BEING TRANSFORMED. THE WORLD OF STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS) IS UNDERPINNING THAT REVOLUTION. Strategic Report Strategic Strategic Report GF About us STHREE PLC IS THE IFC 2019 financial highlights 2 Chairman’s statement 4 Chief Executive Officer’s Q&A WORLD’S NUMBER 10 Our role in the Fourth Industrial Revolution 22 Chief Executive Officer’s strategic review ONE PURE PLAY 26 Our market 35 Our strategy 42 Our business model Governance Corporate STEM RECRUITER. 48 How we are building the future 68 Key performance indicators 76 Our principal risks 88 Compliance Statements Our purpose is central to everything we do 92 Chief Sales Officer’s review as a business and is why we exist, “bringing 94 Business review skilled people together to build the future”. 104 Chief Financial Officer’s review Corporate Governance Report Our work is aimed at changing 110 Chairman’s governance statement people’s lives for the better and this is 111 Board and Committee structure 112 Our Board Financial Statements something that is core to our strategy 116 Board in action and long-term success. 120 Nomination Committee 122 Audit Committee As market trends shift and STEM skills 128 Directors’ remuneration report 155 Directors’ report become ever more prevalent, we are 159 Statement of Directors’ helping to build communities of talent responsibilities and to future-proof people’s careers 160 Independent auditors’ report while providing our customers with their Financial Statements most valuable asset.
    [Show full text]
  • Annual Report 2017
    Overview Strategic Report Governance Financial Statements Shareholder Information STEM Staffing Specialists ANNUAL REPORT 2017 SThree plc Annual Report 2017 1 Overview Strategic Report Governance Financial Statements Shareholder Information Table of Contents SThree plc is a leading international Overview staffing company. We provide specialist 2 SThree at a glance Contract and Permanent recruitment 3 Overview of SThree 4 Global locations services in the STEM (Science, Technology, Engineering and Mathematics) sector. Strategic Report 6 Our Business Model 9 Business Model & Strategic Priorities 13 Investment Case Contract Runners Total headcount 15 Chief Executive Officer’s Review 26 Continental Europe 27 UK & Ireland 10,197 2,866 28 USA (+12%) 2016: 9,078 (+11%) 2016: 2,590 29 Asia Pacific & Middle East 30 Five Year Financial Review Global reach Total sales headcount 31 Chief Financial Officer’s Review 38 Key Performance Indicators 43 Risk Management Strategy 52 Corporate and Social 16 40 2,257 Responsibility Report Countries Offices (+10%) 2016: 2,044 Governance Report 57 Chairman’s Governance Revenue Adjusted Profit Before Tax Overview 59 Board of Directors & Secretary * * £1,115m (+9%*) £44.5m (+9%**) 61 Directors’ Report 67 Directors’ Remuneration Report Gross Profit (‘GP’) Statutory Basic Earnings Per Share 90 Corporate Governance Report 99 Audit Committee Report 106 Nomination Committee Report £287.7m (+4%*) 21.5p (+1%) 107 Independent Auditors’ Report Statutory Profit Before Tax Adjusted Basic Earnings Per Share Financial Statements
    [Show full text]
  • Sthree Plc R Eport & Accounts 2008
    SThree plc Report & Accounts 2008 SThree plc Company Information and Corporate Advisers Executive Directors Registrars (ordinary shares) Russell Clements Capita Registrars Gary Elden Northern House Alex Smith Woodsome Park Sunil Wickremeratne Fenay Bridge Huddersfield Non-Executive Directors HD8 0GA Tel: (UK) 0871 664 0300* Sir Anthony Cleaver Tel: (Non UK) +44 208 639 3399 Paul Bowtell Email: [email protected] Alicja Lesniak Web: www.capitaregistrars.com Tony Ward * Calls at 10p per minute plus network extras Nadhim Zahawi Solicitors Secretary and Registered Office Linklaters Steve Hornbuckle One Silk Street 41-44 Great Windmill Street London London EC2Y 8HQ W1D 7NB Clifford Chance LLP 10 Upper Bank Street Company number London E14 5JJ 3805979 Financial Advisers & Stockbrokers Contact details UBS Investment Bank Tel: 020 7292 3838 1 Finsbury Avenue Fax: 020 7292 3839 London Email: [email protected] EC2M 2PP Web: www.sthree.com Investec Investment Banking Auditors 2 Gresham Street PricewaterhouseCoopers LLP London EC2V 7QP 1 Embankment Place London WC2N 6RH Financial PR Citigate Dewe Rogerson 3 London Wall Buildings London Wall London EC2M 5SY SThree plc Contents 1 Board of Directors and Secretary 3 Chairman’s Statement 5 Financial Highlights 6 Chief Executive Officer’s Review 10 Chief Financial Officer’s Review 12 Directors’ Report 18 Directors’ Remuneration Report 24 Corporate Governance Report 30 Corporate Social Responsibility Report 35 Audit Opinion 37 Consolidated Income Statement 38 Balance Sheets (Consolidated and Company) 39 Consolidated Statement of Changes in Equity 40 Company Statement of Changes in Equity 41 Cash Flow Statement 42 Notes to the Financial Statements 88 Five Year Financial Summary Inside Back Cover Shareholder information Board of Directors and Secretary Report & Accounts 2008 The Board brings together a wealth of experience across differing sectors and businesses on an international basis.
    [Show full text]
  • Geneva, May 11, 2021 MSCI GLOBAL SMALL CAP INDEXES The
    Geneva, May 11, 2021 MSCI GLOBAL SMALL CAP INDEXES The following are changes in constituents for the MSCI Global Small Cap Indexes which will take place as of the close of May 27, 2021. SUMMARY PER COUNTRY and PER REGION: Nb of Nb of Securities Securities Region Country Added Deleted Asia Pacific AUSTRALIA 18 3 JAPAN 45 86 HONG KONG 11 3 SINGAPORE 7 4 NEW ZEALAND 0 1 MALAYSIA 8 3 INDONESIA 3 3 PHILIPPINES 4 1 TAIWAN 29 3 KOREA 43 13 THAILAND 8 0 INDIA 33 5 PAKISTAN 1 4 CHINA 45 25 Nb of Nb of Securities Securities Region Country Added Deleted Europe, Middle East and Africa BELGIUM 3 1 SWITZERLAND 2 0 DENMARK 3 0 SPAIN 4 2 FRANCE 4 4 GERMANY 11 2 NETHERLANDS 1 0 ITALY 1 1 NORWAY 14 0 SWEDEN 12 5 UNITED KINGDOM 26 2 FINLAND 5 0 GREECE 0 2 TURKEY 7 4 PORTUGAL 0 1 IRELAND 1 0 ISRAEL 6 0 KUWAIT 4 3 SOUTH AFRICA 2 1 SAUDI ARABIA 5 1 POLAND 4 0 UNITED ARAB EMIRATES2 1 RUSSIA 6 1 EGYPT 2 1 QATAR 1 0 Nb of Nb of Securities Securities Region Country Added Deleted Americas USA 177 22 CANADA 21 4 MEXICO 1 0 CHILE 1 0 ARGENTINA 0 2 BRAZIL 13 6 Page 1 MSCI Global Small Cap Indexes - May 11, 2021 © MSCI 2021, All rights reserved ASIA PACIFIC MSCI AUSTRALIA INDEX Additions Deletions AMP LTD DOMINO'S PIZZA ENT ARENA REIT ECOFIBRE AUSTRALIAN ETHICAL INV SERVICE STREAM BETMAKERS TECH GROUP BRAINCHIP HOLDINGS CIMIC GROUP CITY CHIC COLLECTIVE EVENT HOSPITALITY & ENTM GALAXY RESOURCES IMUGENE JOHNS LYNG GROUP MAAS GROUP HOLDINGS NUIX OBJECTIVE CORPORATION PALADIN ENERGY PIEDMONT LITHIUM TELIX PHARMACEUTICALS UNITI GROUP MSCI JAPAN INDEX Additions Deletions
    [Show full text]
  • Annual Report 2 016
    ANNUAL REPORT 2 016 STEM STAFFING SPECIALISTS OVERVIEW STHREE AT A GLANCE Who We Are SThree plc is a leading international staffing company. What We Do We provide specialist The Group operates a family of ten on creating a diverse and inclusive recruitment services in the brands, each with expertise and work environment allows us to find focus on niche areas. This gives us and retain skilled people and to STEM (Science, Technology, a deep understanding of industry bring a wealth of experience to Engineering and sectors and ensures we deliver a solving workplace challenges Mathematics) industries. quality service to our clients and for our customers. candidates. Our strong emphasis Key Company Facts Key Financial Facts Countries Offices Financial Year 15 39 1 December 2015 - 30 November 2016 Sales Headcount Revenue Gross Profit 2,044 (-6%) * * £959.9m (+6% ) £258.7m (+2% ) 2015: 2,185 Total Headcount Statutory Operating Profit Adjusted Operating Profit 2,590 (-6%) £37.8m (-2%) £41.3m** (Flat**) 2015: 2,752 Contractor Runners Statutory Basic Earnings per Adjusted Basic Earnings per Share Share 9,078 (+8%) ** ** 2015: 8,412 21.2p (+2%) 23.2p (Flat ) * In constant currency ** Excludes the impact of £3.5m restructuring costs, see page 24. 2 STHREE AT A GLANCE OVERVIEW OUR VISION IS TO HAVE THE LEADING SPECIALIST STEM RECRUITMENT BRANDS IN THE MARKETS IN WHICH WE PARTICIPATE Table of Contents Overview 22 5 Year Review 80 Audit Committee Report 2 SThree at a Glance 23 Chief Financial 86 Nomination Committee 3 Our Vision Officer’s Review Report
    [Show full text]
  • FTSE SMALL CAP – Complete Individual Stock Analysis (One By
    Stock Market Research Platform – Sven Carlin October/November 2019 FTSE SMALL CAP – Complete individual stock analysis (one by one) – Small caps are a binary story! Introduction When it comes to investing, I tend to agree with Charlie Munger: “All you need in life is a few good investments”. That’s it. However, the difficulty comes in finding a few great investments, separating them from the crowd and, the most difficult part, buying big when the price is right. I believe that one can buy big when the price is right if one knows: - What is one’s expected investment return? If you wish for investment returns of 10%, you need to find great businesses that create at least 10% of their stock price in new value for the owners. - What is a ‘great business’? For me, a great business, is a business that has a competitive advantage, is likely to continue to expand thanks to it, operates in a sector with positive structural tailwinds and has a strong balance sheet that allows it to weather all kind of short-term economic or other pressures. - Where to look for great businesses that offer double digit business yields? Well, if it would be easy to find them, everybody would find them. Therefore, the only option is to go through long lists of businesses, one by one. Fortunately, the above criteria quickly eliminate 99% of the candidates so it actually isn’t an endless quest. All you need is a few. With the above motto ‘all I need is a few’ I will analyse all the businesses included in the FTSE Small Cap, one by one, to find those that might fit the above strict criteria.
    [Show full text]
  • Bringing Skilled People Together to Build the Future
    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 FLEXIBLE WORKING The short-to-mid term project work often required or desired from STEM specialist workers Technology Life Sciences Employed Freelance Permanent contractor contractor Engineering Banking & Other Finance GLOBAL FOOTPRINT UNIQUE OPPORTUNITY SThreeis at the centre of two long term secular trends with 2 Note 1: Business mix is based on % of net fees a unique global footprint to maximise this opportunity RECURRING REVENUE NATURE OF OUR FLEXIBLE WORKING FOCUS HAS HIGHLY ATTRACTIVE ECONOMICS Resilient in Particularly More uncertain Higher lifetime Growth in 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 Strong balance sheet Revenue Net fees Net cash position as £50m at 30 November 2020 £1,203m £308.6m 30 November 2019: £11m down 9% YoY down 8% YoY Increase in Contract business mix Operating profit Free cash
    [Show full text]