Slide 1: SEEK Limited Interim Results Half Year Ended 31st December 2005
© seek SEEK Limited Interim Results Half Year Ended 31st December 2005
Slide 2: Half Year Highlights
Half Year Highlights @ seek " Financials — “ Exceeded expectations on all metrics for the first half (H105) “ Interim Dividend declared of 3.7c “ Strong EPS growth " Market dynamics — “ Online migration continues " Ongoing strong market leadership " Growth agenda — “ SEEK Learning continues to expan
Slide 3: Half Year Financials
© seek Half Year Financials
Slide 4: Solid growth against previous corresponding period
Solid growth against previous © seek corresponding period (PCP).... @ H103 @ H104 @ H105 @ H106 Les | Revenue EBITA NPAT (AIFRS) H106 Up 50.6% Up 63.5% f Up 64.1% EY06 Prospectus : Revenue $90.4m EBITA $38.8m NPAT (AIFRS) $27.1m
Slide 5: Operating Leverage on PCP continues to improve EBITA Margins
seek Operating Leverage on PCP continues to EBITA Margins GH103 mH104 mH105 © H106
Slide 6: Key revenue drivers — Employment business
Key revenue drivers — Employment © seek business " Volume & Yield growth both ahead of expectations . Previous comparative period December 2004 : . Client numbers up by 39% . SME revenue up by 70% (pcp) - driving improved yield with change in customer mix SME Revenue $14,000,000 $12,000,000 $10,000,
Slide 7: Cost containment still a key focus
© seek Cost containment still a Key focus ... Operating expenses — up $7.7m on H104 (PCP) « . Increased investment in customer facing teams . Increased discretionary spend on Marketing & Online Alliances Capital Expenditure . Increased product development — positioning for growth - investment in 3'
Slide 8: AIFRS vs. AGAAP
AIFRS vs. AGAAP © seek Expenses: * No goodwill impairment charge — decreased expenses for the current period by $1.4m. *Share options issued to employees. The impact of this in the current period results in an increase of expenses by $1.1m. Taxation: *Capitalisation within equity of tax reclaimed on
Slide 9: Second Half Outlook
Second Half Outlook ..... @ seek “ First half of the year positions us well for a strong full year result “ Employment market remains strong and in line with prospectus forecasts. " Solid start to second half We expect to exceed prospectus forecasts ($40m EBITDA) and as stated at the AGM we are comf
Slide 10: The Market
seek The Market Tn i oun 10
Slide 11: Structural move online accelerated in H1
i) seek Structural move on line accelerated in H1 06 ... Structural shift in the Australian Classifieds Market 5 300.0 E 5 Sq 72800 — Print Job Ad Index ¥ 3 — Online job ad index Sc 2000 35 zg a 3 3 150.0 so oo 2a 1000 a 5 ° 50.0 3 0.0 : r : r r T T Jan-02 Jul-02 Jan-03 dul-03 Jan-04 Jul-04 Jan-05 J
Slide 12: SEEK remained the clear market leader on all metrics in H1 06
SEEK remained the clear market leader on © seek all metrics in H1 06 .... = Over the past 12 months (Dec 04 — Dec 05) Unique Browsers compared to competitors shows : " SEEK’s traffic has increased by 284,000. « MyCareer traffic increased by 180,000 " CareerOne’s traffic decreased by 57,000. SEEK Mar
Slide 13: SEEK market share by ad volume
= Over th e past 12 months (Dec 04 — Dec 05) : " SEEK’s Job Ad volumes increased by 37% « MyCareer volumes deceased by 4% * CareerOne volumes decreased by 1% 120,000 100,000 80,000 60,000 40,000 20,000 SEEK Market Share by Ad Volume a i om © no »o mw ow »Y © 6008 GO 9 B 8 990090 ¢ 2 5 £ => ¢ 3 » AD
Slide 14: Growth
seek Growth 14
Slide 15: Early Stage Markets strategy delivering
i) seek Early Stage Markets strategy delivering.... Significant growth across all key Early Stage Markets of Government, Healthcare, Education & Executive : Ad Volumes up by 75% «) Jobseeker searches up 64% «) Applications up 40% « . Increased investment in ESM Sales team supported by continued mark
Slide 16: Geographic penetration increasing
. oo, , © seek Geographic penetration increasing .... » Western Australia " Revenue up 67 % " Volumes up 63% Unique browsers up 56% « South Australia " Revenue up 37% " Volumes up 23% " Unique browsers up 46% » Queensland Revenue up by 79% Volumes up 71% " Unique browsers up 27% 16 Unique Browsers b
Slide 17: Continued Product Expansion
Continued Product Expansion ...... @ seek Completed two significant initiatives over H1 06: « Personalisation and launch of new Home page — « Providing a faster, easier to use, and personally relevant experience for the Jobseeker « 30% faster downloading capability « More effectively driving traffic
Slide 18: SEEK Learning expands
SEEK Learning expands..... © seek SEEK Learning Strategy Utilise sales / marketing & distribution capabilities & leverage audience & brand to create the key marketplace for vocational education & training. Substantial investment in building team / capabilities: * Made a number of key hires to build
Slide 19: Conclusion: H1 '06 Achievements
Conclusion: H1 ’06 Achievements @ seek - Rapid growth in revenue v - Improved EBITA margins « Continued strong market leadership ¥ = Ongoing migration from print to online ¥ - Rapid progress in Early Stage Markets - Strong growth in SEEK Learning v - Strengthened management team & improved 7 organis