High-Value Workforce Solutions Provider of
Consulting, Managed Services, Professional &
IT Services and Property Management
Investor Presentation
March 2024
Forward-Looking Statements
The forward-looking statements in this presentation are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements regarding our future financial performance and the expectations and objectives of our board or management. The Company's actual results could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties, including those listed in Item 1A of the Company's Annual Report on Form 10-K and in the Company's other filings and reports with the Securities and Exchange Commission. All of the risks and uncertainties are beyond the ability of the Company to control, and in many cases, the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this presentation , the words "allows," "believes," "plans," "expects," "estimates," "should," "would," "may," "might," "forward," "will," "intends," "continue," "outlook," "temporarily," "progressing," and "anticipates" and similar expressions as they relate to the Company, or its management are intended to identify forward-looking statements. Except as required by law, the Company is not obligated to publicly release any revisions to these forward-looking statements to reflect the events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events.
Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause results to differ from those anticipated. Forward-looking statements contained in this presentation, or made by us, are as of the date of the presentation and we disclaim any obligation to update any forward-looking statements, whether as a result of new information, future events, results or otherwise, except as required by applicable securities laws.
This presentation also contains information about BGSF's Adjusted EBITDA and Adjusted EPS, which are not derived in accordance with GAAP, to provide investors with a supplemental measure of our operating performance and which we believe are useful performance measures and are used by us to facilitate a comparison of our operating performance on a consistent basis from period-to-period and to provide for a more complete understanding of factors and trends affecting our business than measures under GAAP can provide alone. The definition of Adjusted EBITDA and Adjusted EPS are disclosed in BGSF's Forms 10-K,10-Q and 8-K filed with the Securities and Exchange Commission. Investors should recognize that these non-GAAP measures might not be comparable to similarly titled measures of other companies. These measures should be considered in addition to, and not as a substitute for or superior to, any measure of performance, cash flows or liquidity prepared in accordance with accounting principles generally accepted in the United States.
Investor Presentation | Your Future. Our Purpose. | bgsf.com | 2 |
A Timeline and History of BGSF
20072019-2020
2022
Today Ranked as
One of the
Largest Workforce
Solutions Providers &
Largest IT Solutions Firm
Acquired Finance &
Accounting, Infrastructure &
Development
Acquired Property
Management
Acquired
Managed Services,
Talent & Clients
Acquired
IT Offshoring,
Nearshoring
Talent & Clients
BGSF was
Founded
Acquired
Cyber & IT Consulting
Talent & Clients
Acquired F&A
Talent & Clients
Divested Light
Industrial
2010-20182021
Investor Presentation
2023
Your Future. Our Purpose. | bgsf.com | 3 |
BGSF at a Glance
High-Value Workforce Solutions, Consulting, and Managed Services Two Specialized Segments
$107M** | $26.5M* |
Market Cap | Adj. EBITDA |
$318M* | ~6.1%** |
Revenue | Dividend Yield |
Business Segments:
Professional | Property Management |
IT, Finance & Accounting, Managed Services | Apartment and luxury communities |
World-class partner to Workday, Oracle, SAP | Training and upskilling tomorrow's |
Service Now, and others. | workforce |
Offshoring and nearshoring capabilities | Expansion through territory mapping |
- Proforma results including trailing 12-months actuals through December 31, 2023, and prorated Quality of Earnings report for Arroyo Consulting
- Based on average of last ten days through March 15, 2024
Your Future. Our Purpose. | bgsf.com
Headquartered in | Ticker |
Plano, Texas | NYSE: BGSF |
39% $318M*
Annual
Proforma 61%
Revenues
Professional | Property Management | |
Investor Presentation | 4 |
Compelling Investment Thesis
Revenue Growth & Diversification Strategies
Workforce solutions, specialized consulting services, further geographic expansion
Large, Highly Fragmented Market
Growing $217B addressable market with long-term secular tailwinds
Differentiated Solutions Benefiting from Transformation
Strategic positioning of segments leads to higher margin, more stable business model
Innovations Leveraging Investments of People & Technology
IT Roadmap enhancements built on accelerating revenue and return profile.
Seasoned, Proven Leadership Team with Engaging Culture
Proven leadership, M&A expertise, and named 2023 "Best place for working parents" & "Best company to work" and "Supplier of the Year" for Property Management
Investor Presentation | Your Future. Our Purpose. | bgsf.com | 5 |
Revenue Diversification Delivers High-Value Workforce Solutions
Percent of Total Revenue by Segment
100 | 26 | 40% | ||
% | ||||
2007 | 2023 | |||
2017 | ||||
BGSF | 47 | |||
Founded | 27 | % |
% | ||
60% |
Light Industrial* | Professional | Property Management | |||
Two Distinct Segments Deliver Economic Moat By Differentiated Solutions, Capabilities, Growth and Stability
* Discontinued operations | 2023 reflects first nine months. | |
Investor Presentation | Your Future. Our Purpose. | bgsf.com | 6 |
Two Strong Platforms Leveraging Higher Margin Mix
Property Management | Professional |
% of Revenues | 40% | 60% |
% of GP $'s | 45% | 55% |
Gross Margin % | 39.8% | 33.0% |
Fiscal 2023 |
Investor Presentation | Your Future. Our Purpose. | bgsf.com | 7 |
Professional
Built Leading Practices
IT | Managed | Finance & |
Consulting | Solutions | Accounting |
Large Consultant
Pool Across
Multiple Verticals
Growing
Talent Base
U.S., 2023 added
offshoring/nearshoring
capabilities in Colombia &
India
Implementation of | Continued Education |
New Technology | |
White Papers, CPE Events, | |
2023 Named Workday Referral | |
Webinars | |
Partner, Oracle, SAP, Service | |
Now, PeopleSoft, AI & Cyber
Capabilities
Finance & Accounting | |
Strategically | 5% |
focused on |
higher margin | Workforce |
projects | |
Solutions Market* | |
Investor Presentation | Your Future. Our Purpose. | bgsf.com | 8 |
* SIA September 2022
Professional Division - Growing Global Presence
North
America
MA
RI
IL | NJ |
MD |
SouthAsia
America
Colombia
India
TN
AZ
TX
NC
FL
Alaska | Mexico |
Dominican Republic
Hawaii
47 States, District of Columbia, | ~400 |
Canada, Mexico, Dominican | |
Clients | |
Republic, Colombia, Argentina, | |
and India |
Argentina
~1,700
Consultant Engagements
CONSULTANT ENGAGEMENTS
BGSF LOCATIONS
88% Client
Retention
9
Professional Cross-selling as Single-Source Provider
Project Management and
Organizational Change
Management
Operational59.7% needs and filling
gaps for excellence
Delivering value that brings deep experience to project execution
Professional Search & Project Support
FINANCE & | ADMINISTRATIVE |
ACCOUNTING | MARKETING |
HR | CREATIVE & |
ENGINEERING | |
DIGITAL TALENT | |
LEGAL |
Information Technology Solutions
ADVANCED ANALYTICS
EPM/CPM
ERP AND HCM STAFFING SOLUTIONS
FULL PROJECT TEAMS, MANAGED SERVICES AND OUTSOURCING
IT SOFTWARE ENGINEERS OFFSHORE AND NEARSHORE
Cyber Security
Investor Presentation | Your Future. Our Purpose. | bgsf.com | 10 |
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Disclaimer
BGSF Inc. published this content on 17 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2024 10:57:02 UTC.