SThree : Q2 Trading Update Presentation

H1 TRADING UPDATE

15 JUNE 2020

H1-AN OVERVIEW

3 phases of response to the COVID-19 crisis by SThree

Initial response

Ongoing management

Recovery phase

SAFE AND EFFECTIVE OPERATIONSensuring the heath and safety of our teams whilst maintaining service levelsSECURING THE LONG-TERM STRENGTH OF THE GROUPensuring that we retain the skills, capacity and management capability to fulfil our undimmed strategic ambitions, whilst underpinning our financial strength

H1-TRADING

H12020YOY	Q22020YOY	Q12020YOY
Contract	-5%	-11%	+2%
Permanent	-12%	-17%	-6%
GROUP	-7%	-12%	0%

Contract showing resilience

76%

of net fees (H1 2019: 74%)

Strong balance sheet

£31m

net cash at 31 May 2020

Financial strength

£136m

total accessible liquidity comprises of cash,a £50 million RCF, £5moverdraft and £50m CCFF

H1-REGIONAL PERFORMANCE

DACH:

• •Solid performance, grounded by significant growth in Q1

• •Resilience in Tech-Infrastructure and Software Development

EMEA excluding DACH:

• •Largely reflects UK's challenging performance

• •Resilience in Netherlands

USA:

• •Resilient performance

• •Good example of the importance of investing in the right vertical niches and understanding customer needs

APAC:

• •Japan impacted by earlier impact of Covid-19

H1 2020	H1 2020 YOY	Q2 2020 YOY	Q1 2020 YOY
DACH	£50.1m	-1%	-9%	+9%
EMEA exc DACH	£60.6m	-12%	-17%	-6%
USA	£35.4m	-1%	-2%	0%
APAC	£5.1m	-28%	-38%	-15%
GROUP	£151.2m	-7%	-12%	0%

H1-POSITIONING OURSELVES FOR THE FUTURE