Seek Limited · ASX:SEK
Seek — Shareholder Meeting (November 2024)
10 slides from Seek's shareholder meeting presentation, Nov 19, 2024
Slide 1: ASX announcement cover letter: 2024 AGM CEO Presentation
19 November 2024 The Manager ASX Market Announcements Office Australian Securities Exchange Dear Manager SEEK Limited 2024 Annual General Meeting – CEO Presentation – Trading & FY2025 Guidance In accordance with the Listing Rules, attached is the presentation to be delivered by the Chief Executive O
Slide 2: SEEK Limited Annual General Meeting 2024 – CEO's address
SEEK LIMITED Annual General Meeting 2024 CEO’s address – 19 November 2024 To be read in conjunction with SEEK’s FY24 Results Presentation released on 13 August 2024 SEEK’s trading update and FY25 guidance is provided on page 8
Slide 3: SEEK's FY28 ambitions
SEEK’s FY28 ambitions $2bn revenue Operating opportunity leverage Growing placements Growing yield • Major infrastructure completed: unified • Macroeconomic conditions platform, ERP, CRM • Macroeconomic conditions weighing on weighing on the short-term the short-term • Now positioned to drive levera
Slide 4: FY24 - foundations in place
FY24 - foundations in place FY24 outcomes Foundations for growth Momentum in placements and yield growth due to Placement share in ANZ highest in recent history previous investments Continuous improvement in AI-driven matching and Double digit yield growth across APAC verification due to mar
Slide 5: FY24 financial results
FY24 financial results Continuing Operations $1,084m $469m $776m $615m Revenue EBITDA Total expenditure Opex +1% vs pcp -6% vs pcp -14% vs pcp -1% vs pcp $161m Capex -8% vs pcp $177m $(60)m 35 cps $1,033m Adjusted NPAT1 Reported NPAT loss FY24 dividend Net debt -33% vs pcp pcp: $230m profit2 pcp: 47
Slide 6: SEEK Growth Fund
SEEK Growth Fund Portfolio valuation up 26% since creation; down 9% in FY24 Valuation movements since creation ($m) Life to date performance: – Valuation up 26%1 since creation (IRR of 10%) 419 FY24 performance: – The portfolio valuation was down 9% to $2.1b, with the decline spread across the t
Slide 7: Sustainability highlights
Sustainability highlights Continued focus on areas where SEEK can have a positive impact Implemented technology improvements to improve fair hiring processes and systems, with 100% of direct and indirect job ads across APAC now automatically scanned Published employment marketplaces data and insight
Slide 8: Trading update and guidance
Trading update and guidance 7
Slide 9: FY25 trading update and guidance
FY25 trading update and guidance Based on year to date performance, guidance for FY25 revenue is FY25 guidance1 unchanged Unchanged: Revenue of approximately – Volumes in Australia have been slightly above expectations in FY25 to date, with unemployment tracking lower than most economists $1.02bn
Slide 10: 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. Forward-l