DOCSLIB.ORG

Bringing Skilled People Together to Build the Future

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read 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 flow conversion % 76% FY 2019: 74% £31.3m 178% Net fees generated internationally adjusted operating profit down 48% YoY 2019: 68% 89% FY 2019: 87% Final dividend reinstated – 5.0p (2019: 0.0p) 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 Sequential improvement across H2 Market share gains USA, Germany, Sales activity Contractor retention Netherlands and UK increased rates up Net promoter score Contractor order Productivity per 52 book stabilised head up YoY 2019: 44 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, ENSURING ECONOMIC VIABILITY AND ENSURING BUSINESS CONTINUITY AND CANDIDATES AND CLIENTS SAFE A VIBRANT BUSINESS ONGOING EFFECTIVE OPERATIONS • >95% of staff working at home • Dedicated COVID-19 crisis team of key • Providing technology and tools to senior managers set up to mitigate any operate remotely, with over 2,200 • THRIVE wellbeing platform impacts laptops deployed in response to • Cultivating future talent such as Tech the pandemic • Careful cost and cash management Career Pathways programme in the USA • Sentiment surveys to better understand • Longer term kept front of mind, clients’ needs focussed on achieving CMD ambitions • Adapting services for new reality • #STEMSeries to nurture interest in 8 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 Note 4: FY 2020 figures are adjusted for the impact of £0.5 million in net exceptional strategic restructuring income 11 Note 2: Numbers presented on an adjusted continuing operations basis excluding discontinued operations in Australia 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 39.0% OPERATING PROFIT AFTER COST SAVINGS AND ONE-OFF ITEMS One off items £60.0m (£11.4m) (£18.0m) £7.5m (£3.6m) £1.2m (£1.1m) £31.3m (£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% -7% -6% -4% -12% -14% -10% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 • Productivity up 4% in H2 DACH USA • Sequential improvement in net fee growth from Q3 to Q4 across EMEA excl DACH GROUP all our major geographies 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% 23% 26% 24% 28% 36% 64% 74% 76% Contract Contract Contract 57% 51% 48% • Employed contractor model ‘ECM’ has attractive margins, c40% higher than freelance Employed Contractor ‘ECM’ Freelance Contractor • Contractor LTV is c40% higher than Permanent equivalent 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 (£10.5m) £5.3m CAPEX (£14.0m) £9.2m £1.1m £52.4m LTIPs/tracker shares/ £21.6m other £6.7m Dividends £29.5m £39.3m Net increase in Operating profit Non-cash items Tax deferrals Working Operating cash Tax paid Bank Interest/ Free cash flow cash balance capital flow Lease principal payments % % 2612019: 91% 178 2019: 68% Operating cash flow Free cash flow conversion ratio 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 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% DACH USA 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 Average sales headcount NPS Net fees (£m) FY20 £308.6 £1,203 £308.6 2,193 52 FY19 £338.0 FY18 million million FTE £316.5 Contractor Order Book -10% Division Sector YoY 2% 23% 3% 24% 76% £98.1m 20% £92.4m £88.8m 26% 74% £76.6m 45% 45% 21% 22% FY 2017 FY 2018 FY 2019 FY 2020 11% 8% Note 1: All pie charts: Outside FY 2020; Inside
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]
  • 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
    [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]