Seek Limited · ASX:SEK

Seek — FY2013 Earnings Presentation

77 slides from Seek's earnings presentation, Aug 21, 2013

  1. Slide 1: FY13 Full Year Results Presentation

    For personal use only FY13 Full Year Results Presentation 12 months to 30 June 2013

  2. Slide 2: Disclaimer

    Disclaimer The material in this presentation has been prepared by SEEK Limited ABN 46 080 075 314 For personal use only ("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

  3. Slide 3: Table of contents

    Table of contents  Key Messages For personal use only 4-7  Group Financial Performance 8-12  SEEK Domestic 13-22  SEEK International 23-30  SEEK Education 31-36  Outlook 37-39  Appendices 40-76  Incl. Definitions/Glossary key terms on p.53 3

  4. Slide 4: Key Messages

    For personal use only Key Messages

  5. Slide 5: Overview of FY13

    Overview of FY13  For personal use only Group highlights • Another record full year result • FY13 vs pcp growth of Revenue of 40%, EBITDA of 24%, NPAT (excl significant items) of 8%  SEEK Domestic • Solid result in subdued conditions NPAT (excl significant • Pleasing progress made in placement str

  6. Slide 6: SEEK is a global business with a track record of growth

    SEEK is a global business with a track record of growth “Look-through”1,2 Revenue “Look-through”1,2 EBITDA FY04 – FY13 CAGR of 38% FY04 – FY13 CAGR of 55% For personal use only $714.6m $264.3m $657.4m $233.8m $219.5m $64.3m $557.7m $173.9m $187.5m $48.6m $454.3m $128.3m $399.4m $142.3m $35.7m $33.1m

  7. Slide 7: Key Investment highlights

    Key Investment highlights  For personal use only Track record of delivering strong financial results • Track record of consistent financial results with “look-through”1 EBITDA CAGR of 55% (FY04 to FY13)  Generates strong cash flow with a track record of creating shareholder value via M&A • SEEK ge

  8. Slide 8: Group Financial Performance

    Group For personal use only Financial Performance

  9. Slide 9: A record full year result achieved in FY13

    A record full year result achieved in FY13 despite far from buoyant macro conditions Group Headline Performance EPS & Dividends For personal use only cents Growth A$m Growth EPS FY13 FY12 cents % FY13 FY12 $m % Basic EPS excl significant items (cents) 41.8 38.6 3.2 8% Revenue1 620.2 442.3 177.9 40%

  10. Slide 10: Strong growth in Reported Revenue and EBITDA driven by International & Education

    Strong growth in Reported Revenue and EBITDA driven by International & Education Reported Revenue by Operating Division Key Insights For personal use only FY12 +40% FY13 $442.3m $620.2m SEEK Employment • Revenue result was only -5% below pcp despite soft macro conditions 160.6 132.4 234.9 SEEK Educa

  11. Slide 11: SEEK has a track record of consistent financial performance

    SEEK has a track record of consistent financial performance For personal use only Operating Revenue Reported EBITDA NPAT excl significant items (Post NCI) CAGR of 36% CAGR of 37% CAGR of 30% $620.2m $239.6m $141.1m $442.3m $130.2m $193.6m $343.1m $104.6m $280.9m $135.6m $82.5m $83.1m $117.4m $76.1m

  12. Slide 12: SEEK generates strong cash flows across all of its businesses

    SEEK generates strong cash flows across all of its businesses Track record of strong cash flows Well capitalised on key credit metrics For personal use only Cash flows from Op.Activities1 Reported Net Leverage Ratio $241.3m (Net Debt2/EBITDA) $200.3m FY12 1.2 $153.1m FY13 0.9 $116.2m $105.2m $104.0m

  13. Slide 13: SEEK Domestic

    For personal use only SEEK Domestic

  14. Slide 14: Solid result from SEEK Domestic in subdued conditions

    Solid result from SEEK Domestic in subdued conditions SEEK Domestic Financials Key Insights For personal use only A$m Growth Revenue was only slightly below pcp despite weak FY13 FY12 $m % volumes Revenue 234.9 247.8 (12.9) (5%) • Rate card & mix shift providing revenue protection with EBITDA 141.6

  15. Slide 15: SEEK has demonstrated its structural strength and is leveraged to an upturn

    SEEK has demonstrated its structural strength and is highly leveraged to an upturn in the cycle For personal use only Resilience of SEEK’s Business Leveraged to improvement in cycle Historical Results v AU U/E Rate1 Case Study – 5.2% 5.0% 4.5% 4.2% 4.9% 5.5% 5.1% 5.2% 5.4% Growth in key metrics from

  16. Slide 16: SEEK to be the main beneficiary of structural migration

    SEEK to be the main beneficiary of structural migration given its market leadership For personal use only Online is the clear leader in job ad volumes and Structural migration of revenue from print to online user preferences is a continuing trend Job Ad Jobseeker Share of 100 USA Online Revenue as %

  17. Slide 17: SEEK is the clear market leader in AU & NZ

    SEEK is the clear market leader in AU & NZ “Traditional” Competitive Landscape - AU & NZ1,2 “Evolving” Competitive Landscape AU Competitive landscape – Australia For personal use only Jul-13 YoY % • In Australia, SEEK is the clear market leader on SEEK 111,078 (20%) placements & ads and is the domin

  18. Slide 18: Growth opportunity and aspirations of SEEK's placement strategy

    Growth opportunity and aspirations of SEEK’s placement strategy For personal use only Large Growth Opportunity Aspirations of SEEK’s Placement Strategy • In Australia, 2.3m1 people changed or If we execute on the placement strategy, the started a new job in the last 12 months answer to the questions

  19. Slide 19: Operational focus of SEEK's placement strategy

    Operational focus of SEEK’s placement strategy For personal use only Focus Areas Explanation Be the primary marketplace • Extend SEEK’s market leadership (brand, ads, visits) and develop & for all candidates refine new products to facilitate improved job search and application Be the primary sourcin

  20. Slide 20: SEEK continues to evolve its product & service offerings

    SEEK continues to evolve its product & service offerings to support its placement strategy For personal use only SEEK has overhauled its Mobile and Tablet Offerings Continued growth & evolution of Candidate Profiles Homepage Personalization & Dashboard Process Improvements – E.g. Privacy Settings In

  21. Slide 21: Product & service offerings (cont'd)

    SEEK continues to evolve its product & service offerings to support its placement strategy (cont’d) Pleasing progress made in the New Advertiser Centre Other product & technology developments For personal use only Old New Cloud based platform to better manage job ads & applicants Jobmail is SEEK’s m

  22. Slide 22: SEEK's core drivers of earnings growth

    SEEK’s core drivers of earnings growth Structural migration of print to online For personal use only SEEK to capture volume & revenue opportunities from the continued structural migration from print to online Improvement in the economic cycle SEEK’s core drivers of earnings growth Expect SEEK to be

  23. Slide 23: SEEK International

    For personal use only SEEK International

  24. Slide 24: SEEK has interests in leading online marketplaces

    SEEK has interests in leading online marketplaces which have exposure to ~2.5b people and >20% of global GDP For personal use only Zhaopin2 (78%) CJOL3 • Zhaopin is #1 in certain regions and Mexico (57%) a close #2 overall • #1 Market Position • Population of ~1,349m • Population of ~116m • Internet

  25. Slide 25: Pleasing results achieved during a re-investment period

    Pleasing results achieved during a re-investment period “Look-through”1 Revenue (A$m) FY13 Highlights For personal use only $219.5m • Record “look-through”1 results • Strong YoY growth of Revenue 26% & EBITDA 32% 82% $173.9m CAGR2 • Strong underlying growth – key highlights • Brasil Online EBITDA Yo

  26. Slide 26: Zhaopin achieved a pleasing result

    Zhaopin achieved a pleasing result despite softer macro conditions and a competitive environment Zhaopin Financials Key Insights For personal use only RMBm Growth Pro-Forma FY13 FY12 RMBm % Solid EBITDA growth Online Revenue (100%) 749.8 692.8 57.0 8% • EBITDA growth of 19% vs pcp Total Revenue (100

  27. Slide 27: JobsDB is now well positioned after significant re-investment

    JobsDB is now well positioned after significant re- investment JobsDB Financials Key Insights For personal use only HKDm Growth Pro-Forma FY13 FY12 HKDm % FY13 focused on repositioning JobsDB for future growth Online revenue (100%) 393.5 390.7 2.8 1% • Operational changes & re-investment activities

  28. Slide 28: JobStreet continues to perform well

    JobStreet continues to perform well JobStreet Financials Key Insights MYRm Growth For personal use only 9 mths to 9 mths to Solid financial results Pro-Forma Mar-13 Mar-12 MYRm % • Revenue growth of 12% & EBITDA growth of 32% vs pcp Revenue1,2 (100%) 121.0 107.9 13.1 12% • SEEK received A$2.6m in di

  29. Slide 29: Strong performance by Brasil Online

    Strong performance by Brasil Online which is well positioned for growth Brasil Online Financials Key Insights For personal use only BRLm Growth Strong EBITDA result in FY13 Pro-Forma FY13 FY12 BRLm % • EBITDA growth of +46% Revenue (100%) 229.5 200.3 29.2 15% • Scalability of business model reflecte

  30. Slide 30: OCC is the clear market leader

    OCC is the clear market leader and has made significant progress in its pricing model transition OCC Financials Key Insights For personal use only MXNm Growth Comparisons with prior period reported results are not Pro-Forma FY13 FY12 MXNm % meaningful Revenue (100%) 180.2 199.5 (19.3) (10%) • Revenu

  31. Slide 31: SEEK Education

    For personal use only SEEK Education

  32. Slide 32: Strong result from SEEK Education in FY13

    Strong result from SEEK Education in FY13 “Look-through”1 Revenue (A$m) FY13 Highlights For personal use only • Record SEEK Education result $260.2m • Strong “look-through”1 results with YoY growth of Revenue $235.8m 60% 10% & EBITDA 76% (FY13 v FY12) CAGR $207.8m $205.3m • SEEK Education ROI of c.3

  33. Slide 33: Another record year for SEEK Learning

    Another record year for SEEK Learning SEEK Learning Financials1 Key Insights For personal use only A$m Growth Record full year result FY13 FY12 $m % • Strong FY13 with revenue growth of 24% & EBITDA Revenue 61.3 49.5 11.8 24% growth 62% YoY EBITDA 24.8 15.3 9.5 62% EBITDA (%) 41% 31% Key Drivers of

  34. Slide 34: THINK continued its growth trajectory into FY13

    THINK continued its growth trajectory into FY13 THINK Financials Key Insights For personal use only Strong FY13 result A$m Growth • Strong revenue growth of 19% FY13 FY12 $m % • EBITDA margins increasing to 15% (vs 6% pcp) Revenue1 103.2 86.9 16.3 19% EBITDA 15.2 5.3 9.9 187% Key drivers of result E

  35. Slide 35: Strong result from IDP in FY13

    Strong result from IDP in FY13 IDP Financials Key Insights For personal use only A$m Growth Strong FY13 Result Pro-Forma FY13 FY12 $m % • EBITDA growth of 34% reflects operating leverage Revenue (100%) 217.2 204.6 12.5 6% • IDP continues to pay dividends & is well capitalised EBITDA (100%) 37.7 28.1

  36. Slide 36: Exceptional result achieved by Swinburne Online

    Exceptional result achieved by Swinburne Online Swinburne Online Financials Key Insights For personal use only A$m Growth Strong financial result Pro-Forma FY13 FY12 $m % • FY13 Revenue of $23.3m, EBITDA of $5.1m & Revenue (100%) 23.3 2.2 21.1 n/m EBITDA margins of 22% EBITDA (100%) 5.1 (3.2) 8.3 n/

  37. Slide 37: Outlook

    For personal use only Outlook

  38. Slide 38: FY14: Short Term Outlook

    FY14: Short Term Outlook The guidance statements below may vary due to macroeconomic shock(s) or volatility in sentiment in domestic and/or global markets For personal use only • Based on current conditions, expect Reported Revenue, EBITDA & NPAT1 in FY14 to be greater than FY13 SEEK • SEEK’s portfo

  39. Slide 39: Core drivers of earnings growth & shareholder returns

    Core drivers of earnings growth & shareholder returns Core Drivers of Earnings Growth For personal use only SEEK Domestic SEEK International SEEK Education Structural migration Structural trends Large market opportunities • Volume & revenue opportunities exist • Tailwinds from structural trends such

  40. Slide 40: Appendices

    Appendices For personal use only • SEEK Group page 41 • SEEK Domestic page 57 • SEEK International page 60 • SEEK Education page 68 • SEEK Volunteer page 74 • Overview of Non-IFRS Info page 76

  41. Slide 41: SEEK Group

    41 For personal use only SEEK Group

  42. Slide 42: Reported Results by Division

    Reported Results by Division Reported Results by Operating Division Results by Associate & JV: Seek Share of NPAT For personal use only A$m Growth A$m Growth FY13 FY12 $m % International FY13 FY12 $m % Domestic Employment Zhaopin1 11.3 16.5 (5.2) (32%) Operating Revenue 234.9 247.8 (12.8) (5%) JobSt

  43. Slide 43: Reported Result by Business Unit & Dividends

    Reported Result by Business Unit & Dividends Reported Results by Business A$m Growth A$m Growth SEEK Employment FY13 FY12 $m % International FY13 FY12 $m % For personal use only Operating Revenue 234.9 247.8 (12.9) (5%) JobsDB EBITDA 141.6 152.1 (10.5) (7%) Operating OperatingRevenue Revenue 51.3 52

  44. Slide 44: Significant items included in Reported results

    Significant items included in Reported results For personal use only NPAT Key insights A$m FY13 Significant items FY13 FY12 Reported NPAT (Post NCI) 300.1 131.7 Fair Value Gain on Zhaopin transaction • Recognised on SEEK increasing its stake from 55.2% to 78.4% Reported NPAT (Post NCI) includes the

  45. Slide 45: Reconciliation of EBITDA to Reported NPAT

    Reconciliation of EBITDA to Reported NPAT Key Items below EBITDA Key Insights Amortisation For personal use only A$m Growth FY13 FY12 A$m % • Increase in FY13 driven mainly by PPA amortisation on Reported EBITDA 239.6 193.6 46.0 24% consolidation of the following businesses • Brasil & OCC A$3.3m ref

  46. Slide 46: SEEK Group: Reported Segment Results

    SEEK Group: Reported Segment Results Reported segment results For personal use only A$m Reported Depreciation Amortisation SEEK Share Non-operating Segment Amortisation of Interest Interest Profit Income NPAT Non- Reported EBITDA of Associate gains Result share-based income expense before tax (Pre N

  47. Slide 47: SEEK is a diversified business with a track record of growth

    SEEK is a diversified business with a track record of growth For personal use only “Look-through”1 Revenue & EBITDA by Operating Division Reported Revenue & EBITDA by Operating Division Revenue CAGR (%) Period Revenue CAGR (%) Period SEEK Domestic 21.8% FY04 - FY13 SEEK Domestic 21.8% FY04 - FY13 SE

  48. Slide 48: Well capitalised with a diverse capital structure

    Well capitalised with a diverse capital structure SEEK’s has diverse funding sources Net debt breakdown 30-June-13 For personal use only SEEK’s debt facilities & maturity profile Cash & Net Debt Facility Gross A$m Cash Debt/ Facility Limit Limit Debt1 Equiv.2 (Cash) A$m equivalent 250 Sep-15 A$225m

  49. Slide 49: Purchase Price Amortisation - Indicative Profile by Business

    Purchase Price Amortisation1 - Indicative Profile by Business Brasil Zhaopin A#039;m A#039;m 7.0 4 months amortisation 2.0 in FY13 For personal use only 1.8 12 months amortisation in FY13 (vs.1 month in 6.0 1.6 FY12) 5.0 1.4 1.2 Amortisation reduces from FY14 due to 4.0 1.0 47% customer relationships whic

  50. Slide 50: Capex Overview

    Capex Overview SEEK is investing for future growth Key Insights For personal use only A$m FY13 Capex of A$26m, 55% growth on FY12 capex 30.0 6.9 6.7 26.2 Key components of capex spend 25.0 • Growth in Intangibles spend driven by Domestic Employment due to investment in IT and Product for SEEK’s plac

  51. Slide 51: Key Balance Sheet impacts of Zhaopin Deal

    Key Balance Sheet impacts of Zhaopin Deal Balance Sheet Adjustments Explanation For personal use only SEEK Zhaopin SEEK • At 30 June 2013 assets and liabilities recognised on SEEK’s As at 30 June 2013 A$M Group (excl. Underlying PPA Group balance sheet relating to Zhaopin include: Consolidated (Repo

  52. Slide 52: Minority Investment – One Africa Media

    Minority Investment – One Africa Media Transaction overview For personal use only Minority investment in One Africa Media (“OAM”) – Africa’s leading online multi-classifieds business • SEEK invested US$20m for a 25%1 stake in OAM • Deal was funded via SEEK’s cash reserves • OAM owns market leading b

  53. Slide 53: Key Terms used in this presentation

    Key Terms used in this presentation Key financial terms SEEK Domestic & Education • Cash & cash equivalents: SEEK’s reported cash on hand and cash held as SEEK Domestic: security by Zhaopin lenders which is recognised in “other financial assets” in SEEK’s Jun-13 financial statements • Candidate Prof

  54. Slide 54: FX rates & Equity Ownership

    FX rates & Equity Ownership Equity Ownership FX Rates Applied SEEK's Equity Ownership For personal use only Average FX Rate FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 SEEK International FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 Zhaopin n/a n/a n/a 5.89 6.48 5.07 5.85 6.65 6.51 6.43 AU

  55. Slide 55: SEEK's detailed look-through P&L Analysis

    SEEK’s detailed “look-through1” P&L Analysis "Look-through" Revenue & EBITDA (Non-IFRS Financial Information) A$m FY04 FY04 FY05 FY05 FY06 FY06 FY07 FY07 FY08 FY08 FY09 FY09 FY10 FY10 FY11 FY11 FY12 FY12 FY13 FY13 Underlying SEEK Share Underlying SEEK Share Underlying SEEK Share Underlying SEEK Shar

  56. Slide 56: Detailed Reconciliation of FY12 & FY13 Look-through to Reported Results

    Detailed Reconciliation of FY12 & FY13 "Look-through"1 to Reported Results Detailed reconciliation of FY12 & FY13 "Look-through"1 to Reported Results For personal use only FY12 FY13 A$m A$m Revenue SEEK Share "look-through" 1 657.4 714.6 Remove associates/JV's revenue IDP (102.3) (108.6) Swinburne O

  57. Slide 57: SEEK Domestic

    57 For personal use only ▪SEEK ▪Domestic

  58. Slide 58: SEEK Domestic – Detailed Financials & Key metrics

    SEEK Domestic – Detailed Financials & Key metrics P&L SEEK New Job Index For personal use only Seasonally Adjusted (July-10=100) A$m FY12 FY13 120.0 H1 FY12 H2 FY12 H1 FY13 H2 FY13 Revenue 122.8 125.0 120.9 114.0 100.0 Total Costs 47.6 48.0 45.6 47.7 EBITDA 75.2 76.9 75.3 66.3 80.0 EBITDA % 61% 62%

  59. Slide 59: SEEK's Mobile offerings are attracting ~32% of Visits

    SEEK’s Mobile1 offerings are attracting ~32% of Visits2 with strong engagement metrics in Australia & NZ For personal use only SEEK Mobile Visits (‘m) Key Insights 'm • Mobile1 accounted for ~32% of all visits from Jul-12 to Jul-13 14.0 with ~8.8m visits per month2, exhibiting strong engagement metr

  60. Slide 60: SEEK International

    60 For personal use only SEEK International

  61. Slide 61: Zhaopin – Detailed Financials

    Zhaopin – Detailed Financials P&L Revenue & EBITDA RMBm - at 100% of Zhaopin unless indicated Pro-forma 100%: Local Currency FY12 FY13 For personal use only Revenue EBITDA Revenue H1 FY12 H2 FY12 H1 FY13 H2 FY13 900 300 Online Revenue 336.1 356.7 378.7 371.2 800 250 Other Revenue 74.7 54.1 66.9 72.9

  62. Slide 62: Zhaopin – Key Metrics

    Zhaopin – Key Metrics Monthly UBs - month end (m) Total Job Ads - month end ('000) For personal use only 35 32 3,000 29 29 30 27 2,484 24 25 2,500 2,325 25 23 23 2,012 2,034 2,000 1,887 1,859 20 1,729 1,589 15 1,500 9 10 7 8 1,000 6 644 5 431 500 189 133 - - Dec-11 Jun-12 Dec-12 Jun-13 Dec-11 Jun-12

  63. Slide 63: JobsDB – Detailed Financials & Key Metrics

    JobsDB – Detailed Financials & Key Metrics P&L Key Insights For personal use only HKD m - at 100% of Job sDB unless otherwise indicated • Pleasing results from brand refresh campaign, leading to FY12 FY13 solid growth in key operational metrics H1 FY12 H2 FY12 H1 FY13 H2 FY13 Online revenue 191.6 19

  64. Slide 64: Brasil Online – Detailed Financials & Key Drivers

    Brasil Online – Detailed Financials & Key Drivers P&L Revenue & EBITDA BRL m - at 100% of Brasil Online unless otherwise indicated Revenue Pro-forma 100%: Local Currency EBITDA For personal use only FY12 FY13 250 100 H1 FY12 H2 FY12 H1 FY13 H2 FY13 90 Net Revenue 95.3 105.0 108.9 120.6 200 80 Total

  65. Slide 65: OCC – Detailed Financials & Key drivers

    OCC – Detailed Financials & Key drivers P&L Revenue & EBITDA MXN m - at 100% of OCC unless otherwise indicated Pro-forma 100%: Local Currency For personal use only Revenue EBITDA FY12 FY13 250 90 H1 FY12 H2 FY12 H1 FY13 H2 FY13 80 Net Revenue 101.1 98.4 86.0 94.2 200 70 Total Costs 56.2 61.2 70.2 70

  66. Slide 66: OCC–Key Competitor Metrics

    OCC–Key Competitor Metrics1 Monthly Page Views2 (‘000) Paid Job Ads ('000) For personal use only Recent Website enhancements have improved customer navigation & reduced 120,000 40,000 109,089 As anticipated, business model transition has “inefficient page views” 34,500 changed customer behaviour 35,

  67. Slide 67: Reconciliation of International associate's EBITDA to SEEK share of profits

    Reconciliation of SEEK’s International associate’s EBITDA to SEEK share of profits For personal use only Zhaopin JobStreet FY13 FY12 FY13 FY12 A. Underlying RMB$m at 100% RMB$m RMB$m A. Underlying MYRm at 100% MYRm MYRm EBITDA 246.8 207.3 EBITDA4 49.7 58.0 D&A (16.8) (12.4) Tax & other4 (3.6) (11.2)

  68. Slide 68: SEEK Education

    68 For personal use only ▪SEEK ▪Education

  69. Slide 69: SEEK Learning – Detailed Financials & Key drivers

    SEEK Learning – Detailed Financials & Key drivers P&L Key Drivers A$m FY12 FY13 FY12 FY13 For personal use only Revenue H1 FY12 H2 FY12 H1 FY13 H2 FY13 H1 FY12 H2 FY12 H1 FY13 H2 FY13 SEEK Learning AUS 19.1 26.5 24.2 33.5 Enquiries ('000) 187.3 225.9 180.5 196.8 SEEK Learning UK1 - - - - pcp growth

  70. Slide 70: THINK–Detailed Financials & Key drivers

    THINK–Detailed Financials & Key drivers P&L Group FY13 Key Earnings Drivers A$m FY12 FY13 H1 FY12 H2 FY12 H1 FY13 H2 FY13 Students Taught For personal use only Revenue Online 9,719 42% of rev Net Revenue 39.7 42.8 47.1 54.2 42.9m Avg Fees Other Revenue 0.6 3.7 1.3 0.6 4,419 Total Revenue 40.4 46.5 4

  71. Slide 71: THINK–Key drivers

    THINK–Key drivers Students Educated by Modality Discussion on Student Trends # • Overall student growth of 10% (~1.6k students), driven by: For personal use only 20,000 18,166 18,000 16,578 • Strong growth in online +15% (+1.3k students) 16,000 • Campus growth flat +4% (~+300 students) 14,000 9,719

  72. Slide 72: IDP - Detailed Financials & Key drivers

    IDP - Detailed Financials & Key drivers P&L IELTS Metrics A$m FY121 FY13 Rev per Test candidate (A$) For personal use only Test candidates (#) H1 FY12 H2 FY12 H1 FY13 H2 FY13 Revenue 314,759 316,033 IELTS 66.0 76.9 72.6 76.3 293,702 252 247 244 241 Student Placement 18.7 22.7 22.7 24.9 261,737 Other

  73. Slide 73: Reconciliation of Education Associate's EBITDA to SEEK share of profits

    Reconciliation of SEEK’s Education Associate’s EBITDA to SEEK share of profits For personal use only IDP Swinburne Online IDP FY13 FY12 FY13 FY12 A. Underlying A$m at 100% A$m A$m A. Underlying A$m at 100% A$m A$m EBITDA 37.7 28.1 EBITDA 5.1 (3.2) D&A (6.4) (6.8) D&A (0.2) (0.0) Prior year adjustmen

  74. Slide 74: SEEK Volunteer corporate social responsibility initiative

    SEEK Volunteer has been an successful corporate social responsibility initiative For personal use only SEEK Volunteer Overview of SEEK Volunteer • SEEK Volunteer is a partnership between SEEK and Volunteering Australia, the peak national body for volunteering • Leverage’s SEEK core capabilities to a

  75. Slide 75: SEEK Volunteer has had a successful months

    SEEK Volunteer has had a successful 12 months For personal use only Operational Metrics Awards achieved Page Views Visits 1,200,000 160,000 • Recently re-launched with a ‘Volunteer for Volunteer’ 140,000 marketing campaign which accompanied the new site 1,000,000 120,000 launch 800,000 100,000 600,0

  76. Slide 76: Overview of SEEK's non-IFRS financial information

    Overview of SEEK’s non-IFRS financial information What is non-IFRS financial information?  IFRS financial information is financial information that is presented in accordance with all relevant accounting standards  Non-IFRS financial information is financial information that is presented other tha

  77. Slide 77: For personal use only

    =< ® © W) Ajuo sn jeuosied JO3

SEEK — FY2013 Earnings Presentation on 6ix