Seek Limited · ASX:SEK
Seek — Shareholder Meeting (November 2019)
27 slides from Seek's shareholder meeting presentation, Nov 26, 2019
Slide 1: SEEK Limited Annual General Meeting 2019 CEO's address
For personal use only SEEK Limited Annual General Meeting 2019 CEO’s address 26 November 2019 Refer to slide 24 where SEEK affirms its FY20 guidance and provides a trading update
Slide 2: SEEK is fulfilling its purpose on a large scale
SEEK is fulfilling its purpose on a large scale... SEEK’s Purpose: To help people live more fulfilling and productive working lives and help organisations succeed Market leadership in huge Strong assets and capabilities to leverage into our Track record of value markets growth strategy creation 7 __
Slide 3: Pursuing a cA$5b aspirational revenue opportunity by FY25
..and we are aggressively pursuing a cA$5b aspirational revenue opportunity by FY25. SEEK Investments Asia Pacific & Americas (AP&A) 3 M&A and Onl @ seek @ seek asia zh Be Education Entrepreneurial ANZ Oy services Activities Online a : . oe E ti Aligning Price to Bringing SEEK Asia Guine Earl ' Scal
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Slide 5: SEEK total shareholder return versus ASX 200
For personal use only 1,400.0 % 1,200.0 % 1,024.7 % 1,000.0 % 800.0 % 600.0 % 400.0 % 198.6 % 200.0 % 0.0 % Apr-2005 Sep-2006 Feb-2008 Aug-2009 Jan-2011 Jun-2012 Nov-2013 Apr-2015 Oct-2016 Mar-2018 Aug-2019 SEEK ASX 200
Slide 6: Group Financial Performance
For personal use only Group Financial Performance
Slide 7: Strong revenue growth in subdued macro conditions; FY19 financials
Achieved strong revenue growth in subdued macro economic conditions and executed on our strategic investment program FY19 Financials (A$m]" Results & Insights Constant Growth Currency Fy19_ FY18 % % AP&A Revenue 7268 684.6 6% 5% SEEK Investments Revenue 810.5 614.9 32% 29% Total Revenue 1,537.3 1,29
Slide 8: Strong cash flows deployed into high growth opportunities
SEEK generates strong cash flows which have been deployed into high growth opportunities Strong operating ..to deploy into high returning cash flows have given us capital... Product & Tech Capex... «and high growth M&A Operating cash flows' A$m Product & Tech capex A$m $495m $800m $457m $106m $416m
Slide 9: Updating our dividend pay-out ratio to align with growth aspirations
Updating our dividend pay-out ratio to align with our growth aspirations Dividend policy change * In FY20, our intended dividend pay-out ratio will be between 30-50% of Group Cash NPAT * Previous pay-out ratio was 50-60% of Group Cash NPAT «Group Cash NPAT in FY19 and FY20 are expected to be broadly
Slide 10: Asia Pacific & Americas (AP&A)
For personal use only Asia Pacific & Americas (AP&A)
Slide 11: AP&A structure leveraging ANZ's capability and product & tech initiatives
AP&A structure is leveraging ANZ’s capability and product & tech initiatives across a much larger opportunity set ..and we are now taking ANZ’s success to a ANZ has a track record of evolving its business and much larger market opportunity. driving revenue growth... ANZ Revenue (A$m & tech business
Slide 12: SEEK ANZ grew Revenue and EBITDA despite a slowing market
SEEK ANZ grew Revenue and EBITDA despite a slowing market... Key insights Strong growth in depth revenue FY19 Result 3x growth in Depth Revenue growth of 7% & EBITDA growth of 8% «Strong growth in depth revenue is a proof-point of the benefits from sustained reinvestment [see RHS] 44 37.6 38.0 35.8
Slide 13: For personal use only
For personal use only 4.5% 3.7% 5.5% 34.3%
Slide 14: Strong progress across our two key growth drivers
We are making strong progress across our two key growth drivers Size and depth of our candidate and hirer relationships to be leveraged into new solutions across two main headings: ( Aligning price to value Move to a more equitable and efficient marketplace by aligning price to value based on value
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Slide 17: SEEK Investments
For personal use only SEEK Investments
Slide 18: SEEK Investments brings significant advantages in pursuing new growth opportunities
SEEK Investments brings significant advantages in pursuing new growth opportunities Our approach & objectives SEEK’s unique strategic advantages * Investing in purpose aligned businesses across + Deep expertise via 22+ years as a leading operator Human Capital Market and investor in Human Capital *
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Slide 23: Outlook
For personal use only Outlook
Slide 24: FY20: Guidance affirmed
FY20: Guidance affirmed FY20 Trading Update * Macro economic conditions are weak in a number of SEEK’s key markets (ANZ, Asia and China] *, Despite this, SEEK affirms its FY20 guidance provided at its FY19 results on 20 August 2019 * If macro-economic conditions deteriorate this may impact SEEK’s ab
Slide 25: Well positioned to grow SEEK's long-term value
Well positioned to grow SEEK’s long-term value = Volatile economic conditions will impact near-term results, however our focus will remain on investing to grow SEEK’s long-term value ¢ We are taking a long-term approach and investing aggressively to capture large revenue opportunities which will als
Slide 26: 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
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