Slide 1: SEEK Presentation to UBS
For personal use only SEEK Presentation to UBS 20 May, 2009. Andrew Bassat, Joint CEO & Co-Founder, SEEK Limited
Slide 2: 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) (100%) APM (Marketing/PR) Domestic Students JNI (Psychology/Counselling) CATC (Design) (100%) EDUCATION AND TRAINING SEEK Learning UK Start-u
Slide 3: Strong historic growth in revenue and earnings
…and has achieved strong historic growth in revenue and earnings. For personal use only Learning Financials (H106 - H109) H106 H107 H108 H109 $65.6M The recent financial performance of $44.1M listed education businesses in the USA & Australia has been strong with earnings & valuation proving resilie
Slide 4: Recently announced transactions continue SEEK's strategy in education and training
Recently announced transactions is a continuation of SEEK’s strategy in education and training For personal use only Transaction Details Transaction Details • SEEK acquired the remaining 50% of THINK for • SEEK to offer to purchase up to an additional $42.5 MM and intends to pay down current THINK 1
Slide 5: SEEK Learning is continuing to perform strongly
SEEK Learning is continuing to perform strongly For personal use only Financial Results • Strong growth with Revenue up 58% and EBITDA up 267% vs pcp continuing its strong performance in H2 FY08 • Growth driven by strong increase in sales and creating economics of scale over its sales & marketing ca
Slide 6: IDP has continued its strong growth trajectory
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$M's H108 H109 Growth Growth • Growth ha
Slide 7: THINK is building additional capabilities in the fast growing domestic education market
THINK is building additional capabilities to seize opportunities in the fast growing domestic education market For personal use only Financial Results • THINK has demonstrated rapid revenue growth since THINK Education Group 100% SEEK’s initial investment in October 2007 A$M's H1081 H109 $ Growth •
Slide 8: THINK Education Group
THINK Education Group For personal use only 8
Slide 9: Many Australians without post secondary education create an attractive market
The large number of Australian’s who do not have post secondary education create a very attractive market…. For personal use only Working Age Australians by Highest Level of Education, 2008 (millions) 0.9 2.2 We think the addressable 3.6 market in Australia is as big Educational 13.8 0.2 as 12.8m pe
Slide 10: Private sector well positioned to compete with the public sector
…with the private sector being well positioned to compete with the public sector. For personal use only FEE-HELP Advances, 2005 - 2009 450 50% Millions 400 40% 350 300 30% 250 200 20% 150 100 10% 50 0 0% 2005 2006 2007 2008 2009 Private (LHS) Public (LHS) Private as % of Total (RHS) Source: DEEWR, a
Slide 11: THINK has Australia's broadest collection of private colleges
THINK currently possess Australia’s broadest collection of private colleges offering courses at various accreditation levels. For personal use only Industry Segment Accreditation / Course Level Locations Design Higher Ed (Degree) Australia-Wide • THINK has flexible online and distance Design VET cap
Slide 12: Numerous factors will drive revenue and earnings growth
Numerous factors will drive revenue and earnings growth. For personal use only IMPACT OF FEE-HELP GEOGRAPHIC ROLL-OUT LEVERAGE CORPORATE (HIGHER ED & VET) SERVICES GROWING ACCEPTANCE OF DISTANCE ROLL OUT & IMPROVED SALES PRIVATE COLLEGES M&A CONVERSION & RETENTION (Contestability of Funding) STRUCTU
Slide 13: SEEK Learning will also help enrolment in THINK's colleges
SEEK Learning will also help enrolment in THINK’s colleges For personal use only SEEK provides Core strengths: unique access to the largest and • College Operations most relevant • Accreditation and audience in course development Australia • Industry-leading marketing and enrolment • Geographic roll