Seek Limited · ASX:SEK
Seek — Shareholder Meeting (November 2012)
25 slides from Seek's shareholder meeting presentation, Nov 29, 2012
Slide 1: Annual General Meeting 2012
For personal use only Annual General Meeting 2012 29 November 2012
Slide 2: Disclaimer
Disclaimer For personal use only 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
Slide 3: FY12 Key Messages
FY12 Key Messages Strong result in challenging conditions reflecting market leadership, strength of business model and execution of strategy For personal use only Group reported result • Record full year result vs pcp • Revenue 29%, EBITDA 43%, NPAT (Post NCI) 35% and DPS of 21% • Result achieved de
Slide 4: Record full year results achieved in FY12
Record full year results achieved in FY12... Group Headline Performance Key Financial Highlights For personal use only A$m Growth FY12 FY11 $m % • Reported EPS growth of 35% Revenue1 442.3 343.1 99.2 29% • Total FY12 dividends of 17.3 cents per share Reported EBITDA 193.6 135.6 58.0 43% representing
Slide 5: Track record of consistent growth over a long period
... which is a continuation of SEEK’s track record of consistent growth over a long period For personal use only Operating Revenue Reported EBITDA Reported NPAT (Post NCI) CAGR of 35.2% CAGR of 38.4% CAGR of 32.6% $131.7m $442.3m $193.6m $97.7m $343.1m $89.5m $280.9m $76.3m $135.6m $117.4m $208.8m $
Slide 6: FY12 look-through Revenue ~A$657m & EBITDA ~A$235m
Execution of strategy has led to FY12 “look-through” result of Revenue ~A$657m & EBITDA ~A$235m For personal use only “Look-through” 1 Revenue “Look-through” 1 EBITDA FY04 –FY12 CAGR of 42.0% $657.4m FY04 –FY12 CAGR of 61.0% $235.0m $557.7m $173.8m $454.3m $187.5m $49.8m $128.3m $399.4m $73.8m $142.
Slide 7: SEEK Domestic
7 For personal use only SEEK Domestic
Slide 8: SEEK Australia & New Zealand achieved a solid result
SEEK Australia & New Zealand achieved a solid result in a challenging macro environment For personal use only SEEK Domestic Financials Key Insights A$m Growth Revenue growth of 11% (FY12 v FY11) FY12 FY11 $m % • Revenue growth attributable to volume of 1% & yield of Revenue 247.8 224.0 23.8 11% 10%
Slide 9: Structural migration from print to online
SEEK is well placed for growth due to continuing structural migration from print to online For personal use only Online is the clear leader in Job Ad volumes and …..with structural migration of revenue from print to online user preferences .... a continuing trend ... 90 USA Online Revenue as a % of
Slide 10: SEEK has changed the way people find jobs, and will do so again
SEEK has changed the way people find jobs, and will do so again 2012 into the Future... In 2012 SEEK is “Opportunity Matching” For personal use only helping transform candidate sourcing In 2000 SEEK transformed 2000 job advertising Online Job Ads ...assist recruiters & corporates by matching job opp
Slide 11: Extending core capabilities to create a more effective sourcing marketplace
SEEK is extending its core capabilities to create a more effective and efficient sourcing marketplace For personal use only ...and refine & develop products SEEK to leverage its core assets ... to create better matching/search experiences Leading positional assets • SEEK accounts for 70% of ad share
Slide 12: If we execute on our strategy, the answer will be SEEK
If we execute on our strategy, the answer to the questions below will be “SEEK” For personal use only For All Job Seekers: Where did you find your last job? For All Recruiters & Corporates: Where did you source your last candidate? SEEK’s role is to assist with the matching & communication of job op
Slide 13: Product initiatives for a more effective sourcing marketplace
A sample of product initiatives that will create a more effective and efficient sourcing marketplace Initiative Explanation For personal use only New Advertiser Centre • New Cloud based job/candidate management system for advertisers • Providing improved functionality for advertisers (incl. archivin
Slide 14: SEEK International
14 For personal use only SEEK International
Slide 15: Large market opportunity covering ~2.2b people
Market opportunity is large with coverage of ~2.2b people, >20% of Global GDP & exposure to favourable structural trends For personal use only China Zhaopin CJOL1 (56 %) Mexico • Zhaopin is #2 overall Asia • Population of ~1,343m OCC (57 %) JobStreet JobsDB2 • Internet penetration ~38% (22 %) (55 %)
Slide 16: SEEK International achieved a strong result
SEEK International achieved a strong result SEEK International1 – “Look-through”2 “Look-through” Historical financials1, 2 A$m Growth Revenue EBITDA For personal use only CAGR of 96.1%4 $173.8m CAGR of 132.7%4 "Look-through" FY12 FY11 $m % Revenue 173.8 128.3 45.5 35% $128.3m EBITDA 49.8 35.7 14.2 4
Slide 17: SEEK has a strong presence across Asia
SEEK has a strong presence across Asia For personal use only • In FY12, achieved revenue growth of 28%1 & SEEK share of NPAT of A$16.5m • Zhaopin is well capitalised with cash of RMB 617.8m or ~A$95m (FY12) • Operational Update: Well positioned on key metrics and continuing to close the gap with num
Slide 18: SEEK moved to controlling positions in Latin America
SEEK moved to controlling positions in its Latin America businesses For personal use only • On 31 May 2012, SEEK increased its ownership interest from 30% to 51% • In FY12, achieved revenue growth of 14%1 & SEEK share of NPAT was A$4.7m • Operational Update: Achieving pleasing results whilst continu
Slide 19: SEEK Education
19 For personal use only SEEK Education
Slide 20: SEEK Education performed well in FY12
SEEK Education performed well in FY12 SEEK Education1 – “Look-through”2 “Look-through” Historical financials 1, 2 For personal use only A$m Growth Revenue EBITDA "Look-through" FY12 FY11 $m % CAGR of 68.6% CAGR of 57.1% Revenue 235.8 205.3 30.5 15% $235.8m $39.7M EBITDA 33.0 18.4 14.7 80% $207.8m $2
Slide 21: Pleasing FY12 results across the Education portfolio
Pleasing FY12 results across the Education portfolio For personal use only • In FY12, achieved revenue growth of 11% & EBITDA growth of 17% • Making pleasing progress in optimising sales force effectiveness • Operational Update: Move to industry based sales teams to better 100% Ownership Interest se
Slide 22: Trading Update
22 For personal use only Update Trading
Slide 23: Trading Update – FY13 YTD
Trading Update – FY13 YTD The guidance statements below may vary in the event of a major macroeconomic shock in either or both domestic and global economic conditions For personal use only • Expect an improved reported result for FY13 from FY12 across Revenue, EBITDA and NPAT • SEEK to provide an up
Slide 24: For personal use only
24 For personal use only
Slide 25: For personal use only
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