Seek Limited · ASX:SEK
Seek — Investor Presentation (April 2009)
11 slides from Seek's investor presentation, Apr 23, 2009
Slide 1: SEEK builds & strengthens Education & Training Business
For personal use only SEEK builds & strengthens Education & Training Business
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by SEEK Limited (“SEEK”) for general information purposes only. The information in this document is in summary form and does not purport to be complete. This document does not constitute investment advice or a recommendation to any
Slide 3: Overview of SEEK
For personal use only 3 Overview of SEEK
Slide 4: SEEK is the #1 in online job ad classifieds in Australia & NZ and is trading in line with expectations
SEEK is the #1 in online job ad classifieds in Australia & NZ and is trading in line with expectations For personal use only Despite the challenging environment, SEEK is trading in line with expectations… SEEK reaffirms the guidance of $93.5m EBITDA it provided around its half-year announcement in F
Slide 5: SEEK's Investments in Education & Training
SEEK’s Investments in Education & Training For personal use only 5
Slide 6: SEEK has a broad and diverse presence in education and training
SEEK has a broad and diverse presence in education and training For personal use only Billy Blue (Design) William Blue (Hospitality) ACNT (Natural Therapies) (50%) APM (Marketing/PR) Domestic Students JNI (Psychology/Counselling) CATC (Design) (100%) EDUCATION AND TRAINING SEEK Learning UK Start-up
Slide 7: SEEK's expansion into Education and Training has been highly successful
SEEK’s expansion into Education and Training has been highly successful For personal use only Learning Revenue (FY06 - FY08) Learning EBITDA (FY06 - FY08) FY06 FY07 FY08 FY06 FY07 FY08 $111.7M $20.6M $59.9M $12.0M $3.1M $11.0M *H1 FY09 = $65.6 M *H1 FY09 = $12.9 M • SEEK owns 100% of SEEK Learning (
Slide 8: Key Transaction Details
Key Transaction Details For personal use only Transaction Details Transaction Details • SEEK to acquire the remaining 50% of THINK for • SEEK to offer to purchase up to an additional $42.5 MM and to pay down current THINK Debt of 10% of IDP from Education Australia Pty Ltd approximately $14.5 MM • S
Slide 9: Transaction Highlights
Transaction Highlights For personal use only • THINK has the broadest group of private colleges in Australia • SEEK Learning is the leading Education Sales and Enrolment channel ¨ • There are considerable revenue & cost synergies between SEEK Learning and THINK • SEEK Learning and THINK together pro
Slide 10: THINK is building additional capabilities to seize opportunities in the fast growing domestic education market
THINK is building additional capabilities to seize opportunities in the fast growing domestic education market For personal use only Financial Results • THINK has demonstrated rapid revenue growth since THINK Education Group 100% SEEK’s initial investment in October 2007 A$M's H1081 H109 $ Growth •
Slide 11: IDP has continued its strong growth trajectory and has substantial further opportunities
IDP has continued its strong growth trajectory and has substantial further opportunities For personal use only Financial Results1 • IDP has produced more than two years of strong, IDP Education 100% sustained growth since SEEK’s investment in August $ % 2006 A$M's H108 H109 Growth Growth • Growth ha