DHI : Q1 2024 DHI Group, Inc. Earnings Conference Call

NYSE: DHX

Q1 2024 Investor Presentation

May 8, 2024

Forward looking statements

This presentation and oral statements made from time to time by our

or maintain the number of customers who purchase recruitment packages,

representatives contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include, without limitation, information concerning our possible or assumed future financial condition, liquidity and results of operations, including expectations (financial or otherwise), our strategy, plans, objectives, expectations (financial or otherwise) and intentions, growth potential, and statements regarding our 2024 financial outlook. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, our ability to execute our tech-focused strategy, competition from existing and future competitors in the highly competitive markets in which we operate, failure to adapt our business model to keep pace with rapid changes in the recruiting and career services business, failure to maintain and develop our reputation and brand recognition, failure to increase

cyclicality or downturns in the economy or industries we serve, uncertainty in respect to the regulation of data protection and data privacy, failure to attract qualified professionals to our websites or grow the number of qualified professionals who use our websites, failure to successfully identify or integrate acquisitions, U.S. and foreign government regulation of the Internet and taxation, our ability to borrow funds under our revolving credit facility or refinance our indebtedness and restrictions on our current and future operations under such indebtedness. These factors and others are discussed in more detail in the Company's filings with the Securities and Exchange Commission, all of which are available on the Investors page of our website at www.dhigroupinc.com, including the Company's most recently filed reports on Form 10-K and Form 10-Q and subsequent filings under the headings "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." You should keep in mind that any forward-looking statement made by the Company or its representatives herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by applicable federal securities laws.

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Our vision is to create indispensable career marketplaces to match the highest quality candidates with the right client career opportunities.

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DHI company overview

Listed

NYSE: DHX (2007)

Employees

460

Candidate focus

Technology Professionals

HQ

Denver, CO Est. 1990

Subscription clients

7,282

Total

Members

8.4M

Year-end

12/31

Diluted shares outstanding Q1 2024

44M

Q1 2024 financial results (ended March 31, 2024)

Revenue	Bookings1
$36.0M down 7% YoY	$48.8M down 9% YoY
Adjusted EBITDA2	Adjusted EBITDA Margin2
$8.6M	24%
Operating Cash Flow	Capex
$2.1M	$4.4M

Debt

$41M

Net Loss/Net Loss Margin

$1.5M/4%

• 1 See definition of bookings later in this document.
  2 Notes regarding the use of Non-GAAP financial measures and GAAP to Non-GAAP Reconciliation at end of document.

Technologists fueled the digitization of the US economy

U.S. job growth for high-tech and creative industries

Percent Growth from 2007

• Source: U.S. Bureau of Labor Statistics and CBRE Research, August 2022

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And tech workers will continue to fuel it in the decade to come

Midpoint automation scenario, with generative AI acceleration

	Resilient and growing occupations	Stalled but rising occupations	Hit and declining occupations
Occupational category		Net Change in labor demand, 2022-30,%		Employment
	30	2022, million
Health professionals					6.5
Health aides, technicians, wellness			30	11.6
STEM professionals					23	7.9
Builders					12	7.0
Managers				11		9.7
Creatives and arts management			11		2.2
Property maintenance			10		4.6
Transportation services			9		5.6
Mechanical installation and repair		7		6.6
Business and legal professionals			7		16.0
Community services				7		6.8
Education and workforce training		3		9.9
Agriculture				2		2.1
Production work				-1		13.3
Food services		-13	-2			13.7
Customer service and sales				14.7
Office support	-18					20.1

Jobs in STEM fields are estimated to grow by 23 percent by 2030

STEM professionals are necessary to enact digital projects including the implementation of A.I.

6 Source: McKinsey Global Institute, "Generative AI and the future of work in America", July 2023

DHI business model elements

Clients	Over 90%	65%
Fee for jobs,	subscription	of annual
profiles views	based revenue	contracts
& employer		paid upfront
branding

87%	Candidates
revenue	Free access to
renewal rate	platforms

• Metrics are Q1 2024 for combined Dice and ClearanceJobs

Our Marketplace Evolution

19902025 (E)

Job Board	Marketplace
PAST	PRESENT

Primary Audience	Primary Audience
Active Job Seekers	Passive Candidates

Focus	Focus
Transactions	Lead Gen

Communication	Communication
One-Way	Two-Way

• A Job Board mimics the newspaper classified ad while a Marketplace creates two-way communication

DHI skills mapping finds the best candidate

Computer vision

NeuroscienceArtificial intelligence

Robotics

Deep learning

		Data wrangling
		Data analysis
	Statistical
	models
	Data science	Data mining
Machine	Weka	Multivariate
learning	analysis

Predictive modelling

Natural language processing

Econometrics

Apache

Tech recruiting is all about the unique skills required by a position and the candidate profile

DHI has spent 10+ years creating a data model that captures the relationship between 100,000+ tech skills

Machine Learning allows DHI to constantly improve its skill search capabilities with IntelliSearch

No competitor brings this same depth of expertise of Match and Quality for technology candidates

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Clients hire technologists for their skills

20-30 skills indicated in each job posting

Senior Software Engineer

Education, Experience

• Bachelor's degree in MIS, Computer Science, Computer Engineering or related discipline or equivalent work experience
• 5+ years experience analyzing, designing, coding, building, testing and deploying application systems in a business environment and several of the following:
• • Extensive experience building RESTful Web API's and integration systems with Python, Java, Node.js)
  • Experience with serverless function based architectures (i.e AWS Lambda in Python, Java, Node.js)
  • Excellent understanding of SQL and NoSQL Databases Databases (Postgres and Dynamo preferred)
  • Experience building large scale APIs, web applications and asynchronous services
  • Experience with event-driven microservice architectures and domain-driven design

• • Experience with Git (Bitbucket a plus)
  • Experience mentoring and providing technical leadership within an Agile environment
• Preferred experience to set you apart from the crowd
• • Experience with CI/CD tools (AWS Code*, Jenkins,

Automated Testing, .)

• Experience with AWS (Lambda, EC2, DynamoDB, AppSync, API Gateway, CloudWatch, SQS, SNS)
• Experience with infrastructure as code tools, such as CloudFormation or Terraform
• Experience with Node.js preferably with TypeScript
• Experience with Stencil, Angular or Front-end frameworks
• Demonstrable open-source work and contributions

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