MEET TODAY'S KELLY

Kelly Snapshot.

We're building on more than 75 years of leadership.

Top 1 & 2

on Staffing Industry Analysts' 2021 list of largest U.S. worforce providers: #1 in education and #2 in engineering

Top 5

science and office talent provider in the U.S.

Leading

managed services provider with $9.4 billion spend under management

Delivering

workforce solutions across Americas, EMEA, and APAC

Supported

by 4,600+ supplier partners globally

Powering

the Fortune 500 with workforce solutions

#2 out of 250

on Forbes’ 2022 list of America’s Best Professional Recruiting Firms for the second consecutive year

Named

a "Global Champion for Supplier Diversity & Inclusion" for the fourth consecutive year by WEConnect International, LGBT Chamber of Commerce and Disability:IN

We have launched a new era of specialty growth...

We have learned from the past and redesigned our company around growth in chosen specialties.

1946-1995:

LOCAL ACCOUNTS

1995-2005:

LARGE ACCOUNTS

2005-2019:
TALENT SUPPLY CHAIN

Capital approach: Invest in HQ structure, geo-based management layers, and brick & mortar branches; increase and protect capital; grow organically.

Capital approach: Invest in staff and structures to sell and service large accounts; increase and preserve capital; grow organically.

Capital approach: Invest in building outsourcing organization and global supply chain; grow organically; make small acquisitions with existing capital.

Operating model: Extensive U.S. branch network focused on local Commercial staffing business; arranged by geography.

Operating model: Arranged by geography and account size; launched new staffing specialties and centralized models to meet largest customers’ needs.

Operating model: Arranged by account size and delivery model; large accounts increasingly serviced by external suppliers.

Capital approach: Unlock capital to invest in chosen specialties, talent, and technology; grow organically and invest aggressively in meaningful high-margin acquisitions.

Operating model: Arranged by specialty; five segments, each led by experts driving growth in their market.

LOOKING FORWARD

LOOKING OUTWARD

...and are taking bold action to create valuable growth.

Transforming our business

Unlocking capital

Making specialty acquisitions

Investing organically

Launched newly focused and funded operating model based on our chosen specialties

Sold/leased back Kelly
HQ real estate
Sold Brazil staffing operations
Unlocked $235 million in capital by unwinding non-EBITDA producing APAC investments

Completed three acquisitions that expand our Education specialty and introduce higher-value adjacencies
Acquired an IT workforce solutions firm in the SET specialty (Kelly’s largest acquisition to date)
Acquired a specialty recruiting firm in the fast-growing RPO space

Launched/expanded three Education products
Added higher-value solution to P&I
Unlocked organic GP and revenue opportunities in SET
Unwinding legacy systems to increase speed to revenue

Why Kelly? We are repositioned to create shareholder value.

Specialty strategy focused on value creation

Five operating segments sharpen our focus on talent, customers, and market opportunities in each specialization

Leading talent solutions provider in targeted specialties (education, engineering, MSP)

Strong financial position to enable growth

High-quality balance sheet

Significant free cash flow generation

Available debt financing

Monetizing non- EBITDA assets to unlock capital

Cash priorities designed to
deliver value

Redeployed non-EBITDA producing assets in support of growth areas

Aggressive acquisitions in higher-margin specialties that create value

Investments in talent, technology, and products enable inorganic specialty growth