Seek Limited · ASX:SEK
Seek — UBS Emerging Companies Conference 2008
20 slides from Seek's conference presentation, Oct 23, 2008
Slide 1: SEEK Limited – UBS Emerging Companies Conference
For personal use only SEEK Limited UBS Emerging Companies Conference October 2008 Andrew Bassat Joint CEO
Slide 2: Financial Performance
Financial Performance For personal use only 2
Slide 3: Strong FY08 Financial Results…
Strong FY08 Financial Results… For personal use only $M Growth SEEK LTD (Reported) FY07 FY08 $ % Growth Revenue 157.0 210.2 53.2 34% © FY07 FY08 % EPS 19.6 26.6 36% © EBITDA 80.3 109.8 29.5 37% © EBITDA Margin % 51% 52% - 1% © H1 - Interim Dividend 6.0 8.7 45% © Associates 2.0 2.7 0.7 35% © H2 - Fin
Slide 4: …continuing the trajectory over the last years
…continuing the trajectory over the last 5 years For personal use only Financial Results - Five Year Trend $M $210.2 $157.0 $109.8 $106.2 $80.3 $76.3 $69.6 $55.5 $49.0 $39.7 52% $34.1 $29.5 51% $19.3 $14.4 46% $13.8 42% 36% FY04 FY05 FY06 FY07 FY08 FY04 FY05 FY06 FY07 FY08 FY04 FY05 FY06 FY07 FY08 R
Slide 5: Employment
For personal use only Employment 5
Slide 6: We maintain a strong market leadership position in Australia & NZ
We maintain a strong market leadership position in Australia & NZ For personal use only Australia AU Online Share - Key Metrics Sep 2008 100% 75% 50% SEEK SEEK 25% SEEK 0% Ads UB's TTOS Source: September 08 Nielsen NetRatings, SEEK Count of websites New Zealand Market % of Top 3 Ads UBs TTOS Reach U
Slide 7: Structural shift in the Australian Classifieds Market
For personal use only Seasonally adjusted job ads. (Common Base 100 = Jan 2002) 0 100 200 300 400 500 Jan-02 Apr-02 Jul-02 Oct-02 Jan-03 Apr-03 Jul-03 Print Job Ad Index Online job ad index Oct-03 Jan-04 Apr-04 Jul-04 Oct-04 Jan-05 Apr-05 Jul-05 Oct-05 Jan-06 Apr-06 Seasonally adjusted monthly data
Slide 8: As user preference for online continues to grow
As user preference for online continues to grow For personal use only Ways to look for a job Internet Newspaper Q: If you were looking for a job and could use only one way to find a job, in what way would you choose to look for a job? 52.0% 46.0% 45.7% 48.2% 42.4% 43.1% 42.6% 38.0% 35.4% 31.5% 31.3%
Slide 9: …and online share of revenue growing rapidly
…and online share of revenue growing rapidly For personal use only Migration of jobs classifieds revenue from print to online (2001-2010F; %) 70 60 USA Online penetration (%) 50 40 30 Australia ~2 years lag UK 20 Germany 10 France1 0 2001 2002 2003 2004 2005 2006 2007 2008F 2009F 2010F Note: France
Slide 10: Focus on key growth drivers remains consistent
Focus on 3 key growth drivers remains consistent For personal use only Drivers of future growth Volume Continue to pursue SME & ESM markets Migration from print to online expected to continue Yield Changing customer mix, with SME comprising a larger proportion of the overall volume Yield increasing
Slide 11: Training and Education
Training and Education For personal use only 11
Slide 12: SEEK has a diverse presence in education and training
SEEK has a diverse presence in education and training For personal use only THINK - Post secondary private education provider Investee (Think courses being added to SKL as appropriate) Providers DWT Domestic Students Sales & Marketing agent for Leading providers including: education & training Open
Slide 13: Our education assets have achieved strong financial performance
Our education assets have achieved strong financial performance For personal use only $M's Growth SEEK Learning + Associates FY07 FY08 $'s % Revenue 59.9 99.6 39.7 66% © Learning Financials (FY05-FY08) EBITDA 12.3 18.9 6.5 53% © $99.6M NPAT 6.9 9.9 3.0 43% © Note: 1 - Associate Results Incorporated
Slide 14: Each of SEEK Learning / IDP & THINK are progressing well
Each of SEEK Learning / IDP & THINK are progressing well For personal use only • Best & first place to go for • Education investment company career related trading & • IDP continues to perform well focused on growth & development education ahead of expectations of high quality education enterprise •
Slide 15: International
For personal use only International 15
Slide 16: Our international footprint is expanding
Our international footprint is expanding For personal use only Zhaopin • Online employment market in China is currently estimated to be $165M AUD, and forecast to reach $400M AUD by 2011 • Significant growth in job seeker metrics, now on par with market leader • Substantial increase in sales footpri
Slide 17: Investment in SE Asia (JobStreet)
Our strategic focus on international expansion has reached a major milestone through our investment in SE Asia … For personal use only Who is JobStreet? • Equal #1 job board leader (with competitor JobsDB) in SE Asia, and #1 player in Malaysia • Listed in Malaysia with 52% of stock held by managemen
Slide 18: …and our investment in Brazil
…and our investment in Brazil For personal use only What is Brasil Online? • Owner of Catho and Manager – the #1 and #2 online employment websites in Brazil • A senior management team with long-term experience in the Brazilian online employment market • Owner of the leading brands in Brazil, with ap
Slide 19: In conclusion…
In conclusion… For personal use only Our focus on key drivers of growth remains consistent… EMPLOYMENT LEARNING INTERNATIONAL Volume SEEK Learning China Yield IDP Brazil New Products Think South East Asia Delivering strong financial performance 19
Slide 20: For personal use only
For personal use only 20