Slide 1: SEEK Limited FY19 Results Presentation
For personal use only SEEK Limited FY19 Results Presentation 12 months to 30 June 2019
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 — Population exposure c2.9B Candidates 4O0M+ Hirers 200k+ Market leadership in huge Strong assets and capabilities to leverage into our T
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Slide 4: Aggressively pursuing a cA$5b revenue opportunity by FY25
..as We aggressively pursue a cA$5b revenue opportunity by FY25. Asia Pacific & Americas (AP& M&A and Onl © seek @ seek asia zh td Education Entrepreneurial Services Par ANZ .. Activities Online Aligning Price to Bringing SEEK Asia Online Employment Scaling up existing Education Value to ANZ baselin
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Slide 8: Strategic approach has created significant shareholder value
SEEK’s strategic approach and long-term focus has created significant shareholder value Long-term track record of compounding capital ..and if we can execute well there is significant at high rates of return... upside for long-term shareholders SEEK’s approach has generated strong * If SEEK can achi
Slide 9: Group Financial Performance
For personal use only Group Financial Performance
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For personal use only Source: FY19 SEEK Macquarie Conference Presentation: May 2019 • • • • • • • •
Slide 12: Strong cash flows deployed into high growth opportunities
SEEK generates strong cash flows which have been deployed into high growth opportunities Strong operating cash flows... «has been deployed into high returning Capex... «and high growth M&A Operating cash flows A$m 495m $800" $457m $416m $380m $315m $241m $200m $153m 1161 si0ay® ™ FYO9 FY10 FY11 FY12
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Slide 14: Asia Pacific & Americas (AP&A)
For personal use only Asia Pacific & Americas (AP&A)
Slide 15: AP&A structure leveraging ANZ's capability across larger opportunity
AP&A structure is leveraging ANZ’s capability and product & tech initiatives across a much larger opportunity set ANZ has a track record of evolving its business and driving revenue growth... ...and we are now taking ANZ’s success to a much larger market opportunity. ANZ Revenue (A$m A cA$196m 1) cA
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Slide 21: SEEK Investments
For personal use only SEEK Investments
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For personal use only 240% 214% 216% 220% 200% 200% 180% 172% 166% 160% 152% 136% 140% 124% 119% 115% 117% 117% 117% 120% 109% 101% 105% 100% 80% 60% ZPIN v Listed Competitor • • • • • • o •
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Slide 31: Outlook
For personal use only Outlook
Slide 32: FY20: Short term guidance
FY20: Short term guidance FY20 guidance [excluding significant items) Note, forecasting is challenging given exposure to variations in macro conditions and FX rates across multiple markets FY20 v FY19 Pre AASB 16 Impact of AASB 162 SEEK Reported'23 adoption Revenue! 15-18% - 15-18% EBITDA! 1-4% T% 8
Slide 33: 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 also
Slide 34: Appendices
For personal use only Appendices
Slide 35: SEEK Group: Reconciliation to Statutory results
SEEK Group: Reconciliation to Statutory results FY19 FY18 Statutory Significant Statutory Statutory Significant Statutory Result Result Items Result excl Result Items excl Significant items Significant items Revenue AP&A 726.8 0.0 726.8 684.6 0.0 684.6 SEEK Investments 810.5 0.0 810.5 614.9 0.0 614.
Slide 36: SEEK Group: AASB Leases
SEEK Group: AASB 16 Leases FY19 Operating lease costs - by Business Asia Pacific & Americas SEEK Investments Corporate Total Costs Agm ANZ SEEK Asia BrasilOnline OCC Other Total Zhaopin OES ESV Total FY19 Reported EBITDA 270.1 91.3 11.5 3.7 (25.5) 351.1 99.1 36.7 (6.9) 128.9 (25.0) 455.0 Operating l
Slide 37: SEEK Group: FY19 Segment Results
SEEK Group: FY19 Segment Results FY19 Segment Results (from Note 1, p49 of SEEK’s Statutory accounts) Corporate Asia Pacific & Americas ‘SEEK Investments Costs Total SEEK Brasil ANZ Asia Online occ Other Total Zhaopin OES ESVs Total Year ended 30 June 2019 Notes $m $m $m $m $m $m $m $m $m $m Sm $m O
Slide 38: Strong and diversified balance sheet
Strong and diversified balance sheet Net debt breakdown Key insights 30 June 2019 Short Net Facility . Funds on Limit Borrowings Cash -term deposit! Cash/ Investments (Debt) A$m Ag$m A$m A$m A$m SEEK Limited- A$ bank debt — A$625m (425.0) SEEK Limited- US$ bank debt US$575m (570.3) SEEK Limited -A$
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Slide 40: Purchase Price Amortisation (PPA) - Summary
Purchase Price Amortisation (PPA) - Summary PPA profile (pre tax & NCI)! Key Insights Am * Purchase Price Allocation (“PPA”) expenses relate >) to the amortisation of finite life intangibles arising 0 | from acquisitions * PPA expenses [opposite] are the 100% amounts 5.0 that are consolidated into t
Slide 41: SEEK Asia - Key Operating Metrics
SEEK Asia - Key Operating Metrics JebStreet.com joosDB..n Mature Developing markets | markets! Visits (m)? FY19 monthly average 19.7 27.8 PCP growth 4% 14% _——————— Jobs Ads (#)° FY19 monthly average 123,772 129,724 PCP growth 8% 22% Hirers (#)¢ FY19 monthly average 25,189 19,194 PCP growth 2% 13% _
Slide 42: Latin America - Key Operating Metrics
Latin America - Key Operating Metrics Brasil Online (Catho only) p> occ coccmundial.comr Visits (m)" Ne Jobs Ads (#)? a Invoiced jobseekers (#) SY Invoiced employers (#) ——— Profiles (m)? ——_—_———— Unique visits including desktop & mobile. Source: FY18 Adobe Analytics, FY19 Google Analytics - due FY
Slide 43: Zhaopin - Key Operating Metrics
opin - Key Operating Metrics No. of Completed Resumes (m) - as of period end Unique Online Customers (‘000) +15% +21% 123.0 ~”s 107.1 : 7 ra sot 73.9 : 66.5 418 57.1 aE 335 FY13 FYI4 FY15 FY16 FYI7 FYI8 FY19 FYI3 FY14 FYI5 FY16 FYI7 FYI8 FYI9 Average Daily Unique Visitors (m) Average Revenue per Onl
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Slide 45: Fair Value disclosures for SEEK Investments ESV
Fair Value disclosures for SEEK Investments ESV: Indicative fair values Key Insights 30 June 2019 ($m) Fair value uplift SEEKS share of Carrying value (indicative fair indicative feir per Balance Initial capital value - carrying Tadiedtive valuation methodology value Sheet investments value) Level 2
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Slide 47: 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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