Seek Limited · ASX:SEK
Seek — Shareholder Meeting (November 2021)
14 slides from Seek's shareholder meeting presentation, Nov 17, 2021
Slide 1: SEEK Limited 2021 AGM – CEO Presentation – Trading & FY22 Guidance Update
17 November 2021 The Manager ASX Market Announcements Office Australian Securities Exchange Dear Manager SEEK Limited 2021 Annual General Meeting – CEO Presentation – Trading & FY22 Guidance Update In accordance with the Listing Rules, attached is the presentation to be delivered by the Chief Execut
Slide 2: SEEK Limited Annual General Meeting 2021
SEEK LIMITED ANNUAL GENERAL MEETING 2021 CEO’s address – 17th November 2021 To be read in conjunction with SEEK’s FY21 Results Presentation released on 24th August 2021 We help people live more fulfilling and productive working lives and help organisations succeed Refer to pages 9-11 where SEEK prov
Slide 3: FY21 highlights
FY21 highlights • Operational v • Strong recovery in key markets • Benefits for OES and the ESVs from COVID-19 related demand • Progress against major strategic initiatives • Corporate v • Sell-down of Zhaopin stake from 61.1% to 23.5% • Announcement of new structure including creation of the SEEK G
Slide 4: FY21 Group Financial Results
FY21 Group Financial Results Revenue EBITDA NPAT excl. significant items Group A$1,591m A$474m A$141m +1% vs pcp +15% vs pcp +58% vs pcp Continuing A$760m A$332m A$135m Operations +17% vs pcp +30% vs pcp +68% vs pcp Discontinued A$831m A$142m A$6m Operations (10%) vs pcp (9%) vs pcp (34%) vs pcp • A
Slide 5: APAC key metrics
APAC key metrics Strong market positions across ANZ and SEEK Asia SEEK ANZ SEEK Asia Delivering value for 16m+ c40m c30m 40m+ Candidate Profiles Total monthly visits Candidate Profiles Total monthly visits candidates 90%+ of ANZ labour force c10% growth vs pre COVID-19 c13% of labour force Broadly i
Slide 6: Operational highlights
Operational Rolled out new flexible contracts and pricing model to v the majority of customers in AU and NZ highlights Launched unified search and recommendations v Continued to progress platforms across Asia against SEEK’s strategic priorities Adopted bolder approach to complete ANZ systems v unifi
Slide 7: SEEK's growth drivers
SEEK’s growth drivers Significant growth opportunities in Organic growth the focus, our core businesses (ANZ and Asia) but will consider M&A Underlying Enrichment and M&A to enhance Aligning price economic growth expansion of products capabilities and/or to the value we and offline to online includi
Slide 8: SEEK's strategic outlook
SEEK’s Opportunity to double revenue over the next 5 years v strategic Investment and innovation required to realise SEEK’s v growth potential in a competitive environment outlook over the next 5 years Investment will continue through periods of cyclical v revenue weakness Greater operating leverage
Slide 9: Capital management approach
Capital management approach Including SEEK’s updated dividend policy Long-term investment Balance Sheet strength Remaining Capital Strong operating cash flows Product & Optionality Working Debt Dividends Capital Tech Capex for M&A Capital capacity (see below) flexibility* * Deleveraging or the optio
Slide 10: Trading update
Trading Strong year to date ad volumes in Australia, Hong Kong, v Singapore and Malaysia update Planned investments progressing well v v Based on year to date trading performance, results are tracking to the top end of SEEK’s FY22 guidance for revenue, EBITDA and NPAT for continuing operations1 • Gu
Slide 11: FY22 Guidance: SEEK (excluding the SEEK Growth Fund)
FY22 Guidance: SEEK (excluding the SEEK Growth Fund)1 FY22 Guidance (excluding significant items) for SEEK (excluding the SEEK Growth Fund) 1: v • UPDATE: EBITDA to be at the upper end of the A$425m to A$450m range o UPDATE: Based on assumed revenue at the upper end of the A$950m to A$1bn range • UP
Slide 12: FY22 Guidance: SEEK Growth Fund
FY22 Guidance: SEEK Growth Fund FY22 Guidance (excluding significant items) for the SEEK Growth Fund: v • UPDATE: SEEK’s share of NPAT to be in the range of A$5m to A$10m profit for H1 22 (previous guidance range of A$20m to A$25m in NPAT losses for H1 22) • Update to guidance to reflect revised sta
Slide 13: Well positioned to grow long-term shareholder value
Well Attractive opportunity exists in our core markets to grow v revenue and expand margins over time positioned Leveraged to improving economic conditions and structural to grow v changes in the labour market long-term Ability to capture and apply deep and unique data to create v shareholder more v
Slide 14: 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. In parti