Seek Limited · ASX:SEK
Seek — Shareholder Meeting (November 2022)
13 slides from Seek's shareholder meeting presentation, Nov 17, 2022
Slide 1: SEEK Limited 2022 AGM – CEO Presentation – Trading & FY23 Guidance
17 November 2022 The Manager ASX Market Announcements Office Australian Securities Exchange Dear Manager SEEK Limited 2022 Annual General Meeting – CEO Presentation – Trading & FY23 Guidance In accordance with the Listing Rules, attached is the presentation to be delivered by the Chief Executive Off
Slide 2: Annual General Meeting 2022
SEEK Limited Annual General Meeting 2022 CEO’s address – 17th November 2022 To be read in conjunction with SEEK’s FY22 Results Presentation released on 16th August 2022 Refer to pages 9-11 where SEEK provides a trading update and FY23 guidance
Slide 3: FY22 highlights
FY22 highlights Revenue growth of 47%1 and EBITDA growth of 53%1 vs pcp Record ANZ job ad volumes and growth across other key regions Ongoing investment in long term strategic initiatives and building capability Platform Unification program progressing well, and scope expanded SEEK Growth Fund: 36%
Slide 4: Financial and capital management
Financial and capital management Key highlights Continuing Operations Discontinued Operations Financial A$1,117m A$509m A$246m A$14m results Revenue EBITDA NPAT NPAT +47% vs pcp +53% vs pcp excl significant items excl significant items +81% vs pcp +156% vs pcp Capital • Operating cash to EBITDA conv
Slide 5: Employment marketplaces
Employment marketplaces Key highlights Record job ad volumes in ANZ and growth across Asia Increased depth product adoption High levels of candidate and hirer activity Maintained market and brand metrics • AU placement share of 30%1 • SEEK Asia average placement share of 23%2 4 1 Includes SEEK and J
Slide 6: Strategic initiatives
Strategic initiatives FY22 progress across core capabilities Scalable, reliable, safe • Platform Unification progressing well and scope expanded platforms • Resumed active marketing in ANZ following lower activity in FY21 Strong brand presence • Launched large-scale Asia rebranding campaign • Launch
Slide 7: Platform Unification
Platform Unification Program progressing well with majority of work to be undertaken in FY23 1 Objectives FY22 progress One unified platform by the end of FY24 • Migrated 100% of JobStreet hirers onto a single SEEK Asia • APAC employment marketplaces centrally hosted hirer system; legacy system read
Slide 8: SEEK Growth Fund
SEEK Growth Fund Portfolio Overview • Adjusted portfolio value increased 36%1 to A$2,052m • Directors of Fund Trustee adjusted portfolio value downwards by 18% to reflect public market valuations • Realising benefits of new structure including increased ability to invest aggressively alongside great
Slide 9: ESG
ESG Priorities delivering social and environmental value for our business, our people and our communities Fair hiring • Improved and scaled automated controls to address risks of deceptive recruitment Data trust • Focused on responsible use of data and AI, tested against periodic AI risk reviews Cli
Slide 10: FY23 trading update
FY23 trading update • Low unemployment and high candidate engagement continue to provide generally positive market conditions for SEEK • ANZ job ad volumes have moderated slightly below June / July levels, with applications per ad showing some improvement as a result • SEEK Asia revenue is tracking
Slide 11: FY23 Guidance: SEEK (Continuing Operations)
FY23 Guidance: SEEK (Continuing Operations)1 SEEK is affirming FY23 Guidance (excluding significant items): v • Revenue in the range of A$1.25bn to A$1.30bn • EBITDA in the range of A$560m to A$590m • NPAT in the range of A$250m to A$270m Assumptions: • Forecasting economic conditions, changes in hi
Slide 12: FY23 Guidance: SEEK (Discontinued Operations)
FY23 Guidance: SEEK (Discontinued Operations)1 SEEK Growth Fund assets, pre deconsolidation SEEK is affirming FY23 Guidance (excluding significant items): v • SEEK’s share of NPAT of approximately A$5m SEEK Growth Fund assets, pre deconsolidation (Discontinued Operations) • Deconsolidation to occur
Slide 13: Disclaimer
Disclaimer The material in this presentation has been prepared by SEEK Limited ABN 46 080 075 314 (SEEK) and is general background information about SEEK’s activities, current as at the date of this presentation. The information is given in summary form and does not purport to be complete. Forward-l