Forward-Looking Statements October 2017 TrueBlue at a Glance #1 - PowerPoint PPT Presentation

Forward-Looking Statements October 2017

TrueBlue at a Glance #1 124,000 815,000 One of the largest U.S. Clients served annually People connected to Largest global industrial staffing providers with strong diversity 1 work during 2016 RPO provider 2 2012-2016 Adjusted 2012-2016 Average Return EBITDA CAGR 3 on Equity 4 $2.8B 20% 16% Growth Return 2016 Revenue PeopleScout recognized as a Leader and Star Performer by TrueBlue has been named to Founding member of the Staff Management | SMX charter Forbes’ list of America’s Most Everest, Leader by NelsonHall and U.S. Chamber of Commerce member of the U.S. Immigration and consistently ranked as a Top Trustworthy Companies Veterans Employment Customs Enforcement IMAGE Provider by HRO Today Advisory Council Program 1 No single customer accounts for more than 2% of total revenue on a TTM 1/1/17 basis, pro forma for reductions in use of contingent labor by Amazon announced in 2016. 2 Source: Everest Group. Overall recruitment process outsourcing rankings by annual number of hires (2016). 3 See the appendix to this presentation and “Financial Information” in the Investors section of our website at www.trueblue.com for a definition and full reconciliation of non -GAAP financial measures to GAAP financial results. 4 Calculated as Adjusted Net Income divided by average shareholder’s equity over the prior four quarters. October 2017 3

Investment Highlights

Specialized Service Offerings to Meet Client Needs 59% of Revenue / 64% of Adj. EBITDA 2 34% of Revenue / 16% of Adj. EBITDA 2 7% of Revenue / 20% of Adj. EBITDA 2 1 Also includes management of service provider business, which provides customers with improved quality and spend management of their contingent labor vendors. 2 Revenue and Adjusted EBITDA mix calculations based on FY-2016; Adjusted EBITDA mix calculations exclude Corporate unallocated expenses. October 2017

Solving Workforce Challenges Globally worker robust age 65 shortage complex will be almost globa lobal double workforce solutions growth diverse October 2017

Strong Position in Attractive Vertical Markets Construction Manufacturing Transport & Wholesale Retail     Industry Dynamics         U.S. Manufacturing Renaissance Wholesale Trade At New High E-commerce Growing % of Retail Sales Housing Starts Have Not Kept Pace US Population Housing Permits Industrial Production E-commerce % of Retail Sales Transportation and Warehousing Employment Index Thousands Millions Millions 350 2,500 110 5.5 13% 330 105 12% 310 2,000 100 5.0 11% 290 95 10% 270 1,500 90 4.5 9% 250 85 8% 230 1,000 4.0 80 7% 210 75 6% 3.5 190 500 70 5% 170 65 3.0 4% 150 - 60 1990 1993 1996 1999 2002 2005 2008 2011 2014 2017 1993 1996 1999 2002 2005 2008 2011 2014 2017 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 1990 1993 1996 1999 2002 2005 2008 2011 2014 2017 Source: U.S. Census Bureau Source: U.S. Board of Governors of the Federal Reserve System (FRB) Source: Bureau of Labor Statistics Source: U.S. Census Bureau October 2017

Capitalizing on Secular Forces in Industrial Staffing 7%     Growing Market Compelling Technology    Positive o  Rise of Demographic o E-commerce Trends    o  Temp Penetration o On-Shoring Growth Comeback 1 Source: Staffing Industry Analysts. 2 Source: TrueBlue estimate based on 7% CAGR from 2016 to 2020. October 2017 3 Source: Bureau of Labor Statistics.

Strength of TrueBlue’s PeopleScout Business PeopleScout % of Total Company Results 3  Revenue Adjusted EBITDA 20%   7% 5% 4%  FY-15 FY-16   Adjusted EBITDA Margin 3  PeopleScout 18% TBI Total 9%    FY-15 FY-16 (~15% of 2016 revenue came from placements beyond North America) 1 PeopleScout offers recruitment process outsourcing (RPO) as well as management of services providers. 2 Source: Nelson Hall. 3 We have two primary measures of segment performance: revenue from services and segment earnings before interest, taxes, depreci ation and amortization (“Segment EBITDA”). There is no difference between October 2017 Segment EBITDA and Adjusted EBITDA for PeopleScout for FY 2015; see reconciliation for FY 2016 in the appendix.

Disciplined Cash Management and Strong Balance Sheet millions  $233  $73 $54 $34 $31  2012 2013 2014 2015 2016 1.7x 1.7x 17% 17% 17% 14% 13% 0.9x 0.4x No Debt 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 1 Calculated as net cash provided by operating activities, minus purchases for property and equipment. See the appendix to this presentation and “Financial Information” in the Investors section of our website at www.trueblue.com for a definition and full reconciliation of non-GAAP financial measures to GAAP financial results 2 Calculated as Adjusted Net Income divided by average shareholders’ equity at the end of the prior four quarters. October 2017

Strategic Priorities October 2017

PeopleReady Transition Legacy branch based business transitioned to one brand/one system. Expanding Scope of Services Increasing Operational Agility Larger Talent Pool Strategic Rationale • Within our legacy structure, only 12 of • >50% of PeopleReady’s revenue is • Associates and customers benefit our top 40 markets had access to all 3 generated from customers who from scale when information is visible service lines. already work with multiple brands; across all systems. single point of contact makes it easier. • PeopleReady will bring more • Common information systems and specialized services to more markets • One set of operating procedures and compelling new technology platforms while leveraging central resources to systems provide a better customer (i.e. mobile app) increases our ability streamline operations. experience empowering staff to move to attract a more diverse population of quickly and capture market share. workers. Priorities October 2017

JobStack Mobile App – A Competitive Differentiator CUSTOMER ASSOCIATE Mobile Technology Feature… Driving Value for TrueBlue… 24/7 order creation / viewing Round-the-clock revenue generation Real-time order fill rates Improved customer and experience ratings Lift quality Worksite ratings Enhanced communication and safety Control work week / set availability Tap into larger and more diverse talent pool October 2017