Slide 1: Half Year Results Presentation
For personal use only Half Year Results Presentation 6 months to 31 December 2013
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: Table of contents
Table of contents Key Messages For personal use only 4-9 Group Financial Performance 10-14 SEEK Domestic 15-22 SEEK International 23-38 SEEK Education 39-44 Outlook 45-46 Appendices 47-82 Incl. Definitions/Glossary key terms on p.59 3
Slide 4: Key Messages
For personal use only Key Messages
Slide 5: SEEK is making a positive contribution to people's lives on a global scale
SEEK is making a positive contribution to people’s lives on a global scale SEEK Domestic SEEK International SEEK Education For personal use only c.30 c.320 million million Monthly visits Monthly visits Help c.50k people find courses per annum c.3 million c.350k c.25% of Australian placements Monthly
Slide 6: H1 FY14 Performance – Key Messages
H1 FY14 Performance – Key Messages Group highlights For personal use only • Record half year result • H1 FY14 vs pcp growth in Revenue +38%, EBITDA +37%, NPAT (excl significant items) +29% & dividends +40% • Global business with 34% of “look-through” revenue from SEEK International NPAT (excl sign
Slide 7: SEEK's strategic focus has led to a track record of consistent growth
SEEK’s strategic focus has led to a track record of consistent growth… For personal use only “Look-through”1,2 Revenue “Look-through”1,2 EBITDA H1 FY04 – H1 FY14 CAGR of 37% H1 FY04 – H1 FY14 CAGR of 40% $393.8m $148.9m $326.7m $120.5m $35.7m $302.6m $142.7m $107.6m $22.0m $258.7m $10.6m $119.5m $82
Slide 8: Significant shareholder value and positioned for future growth
…that has created significant shareholder value and positioned SEEK for future growth For personal use only Key Investment Highlights SEEK has a strong track …that has delivered strong …and is well positioned for record in start-ups, operating shareholder returns… further growth over the businesses
Slide 9: Core drivers of earnings growth & shareholder returns
Core drivers of earnings growth & shareholder returns Core drivers of earnings growth Core Drivers of Earnings Growth For personal use only SEEK Domestic SEEK International SEEK Education Structural migration Structural trends Large market opportunities • Ongoing structural migration of • Rising int
Slide 10: Group Financial Performance
Group For personal use only Financial Performance
Slide 11: Another record half year result in H1 FY14
Another record half year result in H1 FY14 Group Headline Performance Key Financial Highlights For personal use only A$m Growth cents Growth H1 FY14 H1 FY13 $m % EPS H1 FY14 H1 FY13 cents % Basic EPS Reported (cents) 32.9 20.0 12.9 65% Revenue1 380.7 275.3 105.4 38% Basic EPS excl significant items
Slide 12: Strong Reported Revenue & EBITDA growth driven by International & Education
Strong Reported Revenue & EBITDA growth driven by International & Education Reported Revenue by Operating Division (A$m) Key Insights from Reported Result For personal use only 380.7 SEEK Group +38% • Revenue: Organic growth of 6% & Acquisition related 78.0 275.3 growth of 32% • EBITDA: Organic grow
Slide 13: SEEK continues to deliver consistent results
SEEK continues to deliver consistent results… For personal use only Operating Revenue Reported EBITDA NPAT excl significant items (Post NCI) CAGR of 36.1% CAGR of 39.7% CAGR of 31.9% $380.7m $147.5m $87.4m $275.3m $107.5m $67.5m $208.1m $89.8m $60.6m $159.0m $47.9m $62.5m $130.4m $56.6m $55.8m $51.5
Slide 14: …and generate strong cash flows
…and generate strong cash flows. SEEK is generating strong cash flow … …and investing to support medium to long-term growth For personal use only Cash flows from Op.Activities1 SEEK Group Capex $136.5m A$m 30.0 23.9 25.0 $95.2m $90.4m 20.0 $60.6m $61.7m 15.0 $48.8m $42.8m 10.0 6.7 $33.4m 5.0 $21.9m
Slide 15: SEEK Domestic
For personal use only SEEK Domestic
Slide 16: SEEK Domestic achieved a solid result and strong progress in placement strategy
SEEK Domestic achieved a solid result and made strong progress in its placement strategy SEEK Domestic Financials Key Insights For personal use only A$m Growth Solid result in relatively subdued macro conditions H1 FY14 H1 FY13 $m % • Rate card & mix shift providing revenue protection Revenue 116.9
Slide 17: SEEK continues to be the clear market leader in AU & NZ
SEEK continues to be the clear market leader in AU & NZ “Traditional” Competitive Landscape - AU & NZ1,2,6 “Evolving” Competitive Landscape Australia SEEK is the clear market leader compared to its key Total Ads (#): Jan-14 Total Visits (‘m): Jan-14 combined online competitors3 (incl. Linkedin & Ind
Slide 18: SEEK Domestic's core drivers of future earnings growth
SEEK Domestic’s core drivers of future earnings growth Structural migration of print to online For personal use only SEEK to capture volume & revenue opportunities from the continued structural migration from print to online Improvement in the economic cycle SEEK’s core drivers of earnings growth Ex
Slide 19: Market leadership positions SEEK as main beneficiary of structural migration
SEEK’s market leadership positions it as the main beneficiary of continued structural migration For personal use only Online is the clear leader in job ad volumes and Structural migration of revenue from print to online user preferences is a continuing trend Job Ad Jobseeker Share of 1 2 100 USA Vol
Slide 20: SEEK is highly leveraged to an improvement in the cycle
SEEK is highly leveraged to an improvement in the cycle Ad volume conditions have stabilised in recent months SEEK’s leverage to an improvement in the cycle For personal use only Last 8 months have seen ad volume stabilising Case Study Seasonally Adjusted (Dec-07=100) Growth in key metrics from FY10
Slide 21: SEEK is well positioned for future growth via its placement strategy
SEEK is well positioned for future growth via its placement strategy For personal use only Aspirations of SEEK’s Placement Strategy Large Growth Opportunity If we execute on the placement strategy, SEEK facilitated SEEK’s placement lead over the answer to the questions below will be placements2 comb
Slide 22: Operational focus of SEEK's placement strategy
Operational focus of SEEK’s placement strategy Focus Areas Explanation & Progress to date For personal use only Be the primary marketplace • Extend SEEK’s market leadership (brand, ads, visits) and develop & for all candidates refine new products to facilitate improved job search and application • J
Slide 23: SEEK International
For personal use only SEEK International
Slide 24: Leading online marketplaces with exposure to ~2.5b people
SEEK has interests in leading online marketplaces which have exposure to ~2.5b people and >20% of global GDP For personal use only Zhaopin (80%) CJOL2 • Zhaopin is #1 in certain regions and a close #2 overall Mexico (56%) • Population of ~1,349m • #1 Market Position • Internet penetration ~40% • Pop
Slide 25: SEEK International delivered a strong result
SEEK International delivered a strong result “Look-through”1 Revenue (A$m) H1 FY14 Highlights For personal use only $134.3m • Strong “look-through”1 results • Strong YoY growth of Revenue 56% & EBITDA 79% • Pleasing results in local currency and A$ terms • Increased ownership interests in Zhaopin &
Slide 26: Zhaopin delivered a solid result and is well positioned for future growth
Zhaopin delivered a solid result and is well positioned for future growth Zhaopin Financials Key Insights For personal use only RMBm Growth Solid result in H1 FY14 Pro-Forma H1 FY14 H1 FY13 RMBm % • Prior period online billing revenue impacted by subdued macro Online Revenue (100%) 398.0 378.7 19.3
Slide 27: Pleasing result from JobsDB reflecting benefits of re-investment
Pleasing result from JobsDB reflecting benefits of re-investment JobsDB Financials Key Insights For personal use only HKDm Growth Solid H1 FY14 result following re-investment period Pro-Forma H1 FY14 H1 FY13 HKDm % • Online revenue growth of 10% & EBITDA growth of 16% vs pcp Online revenue (100%) 20
Slide 28: JobStreet achieved strong Q3 CY13 results
JobStreet achieved strong Q3 CY13 results across Revenue & EBITDA JobStreet Financials Key Insights For personal use only MYRm Growth 3 mths to 3 mths to Strong Q3-CY13 financial results Pro-Forma Sept-13 Sept-12 MYRm % • Revenue growth of 12% & EBITDA growth of 28% vs pcp Revenue (100%)1,2 46.5 41.
Slide 29: Brasil Online delivered a strong financial result
Brasil Online delivered a strong financial result and is executing on the fundamentals Brasil Online Financials Key Insights For personal use only BRLm Growth Strong EBITDA result in H1 FY14 Pro-Forma H1 FY14 H1 FY13 BRLm % • EBITDA growth of 47% & expansion of margin to 33% (H1 FY14) vs Revenue (10
Slide 30: OCC is now achieving financial results reflecting market leadership
OCC is now achieving financial results that better reflect its market leadership OCC Financials Key Insights For personal use only Resumption of growth after pricing model transition • Pricing model1 transition is now complete MXNm Growth Pro-Forma H1 FY14 H1 FY13 MXNm % • Reported Revenue & EBITDA
Slide 31: One Africa Media owns leading online marketplaces
One Africa Media owns leading online marketplaces exposed to large and early stage market opportunities For personal use only Overview • OAM owns market leading online businesses in Jobs, Cars, Real Estate and Travel • OAM performing well on operational metrics with total visits growing by 29% (Dec-
Slide 32: SEEK Asia to acquire JobStreet and combine with JobsDB
SEEK Asia to acquire JobStreet and combine with JobsDB • SeekAsia Limited (“SEEK Asia”) to acquire 100% of the online employment For personal use only businesses of JobStreet Corporation Berhad (“JobStreet”) • Subject to regulatory approval in Singapore & JobStreet shareholder approval • SEEK Asia t
Slide 33: Key Investment Thesis for MergeCo
Key Investment Thesis for MergeCo • Online employment marketplace with operations in high growth countries For personal use only • Operations in Malaysia, Hong Kong, Singapore, Thailand, Indonesia, Philippines and Vietnam • Combined business to unlock large growth opportunities • Expect growth syner
Slide 34: JobStreet is an online employment business in Asia
JobStreet is an online employment business in Asia Business Overview Track Record of Growth1 For personal use only JobStreet’s financial results • Incorporated in 1997; listed on Malaysian Revenue MYR’m EBITDA Stock Exchange in 2004 180 168 100 • Provider of online recruitment services 160 153 90 14
Slide 35: Exposure to favourable macro and structural trends
Exposure to favourable macro and structural trends Large addressable labour markets1 Key Insights For personal use only # of people (m) 60 54.7 • Exposure to large labour force 50 • Addressable labour market is in excess of 140 million people (c14x size of Australia) 40 28.9 • Historic labour market
Slide 36: Transaction details
Transaction details Purchase consideration For personal use only • Total consideration of MYR 1,730 million (cA$580m) to acquire JobStreet • Attractive “blended” valuation based on: • Standalone earnings profile & combined growth opportunities • Ability to access debt in SEEK Asia to reduce funding
Slide 37: Transaction details (cont'd)
Transaction details (cont’d) For personal use only SEEK Group accounting impact • SEEK will continue to have typical majority shareholder rights and will continue to consolidate the financial results of SEEK Asia into SEEK’s Group Financial Statements SEEK to adopt prudent risk mitigation strategies
Slide 38: Transaction details (cont'd) – New Debt Facility
Transaction details (cont’d) For personal use only SEEK Group New Debt Facility • SEEK’s investment will be funded through a new A$770m syndicated bank debt facility. Key structure of the facility is: • Revolving, unsecured, senior debt facility • Tranche A$183m (2 yrs), Tranche A$282m (3 yrs), Tran
Slide 39: SEEK Education
For personal use only SEEK Education
Slide 40: SEEK Education delivered strong results and executed against key objectives
SEEK Education delivered strong results and executed against key strategic objectives “Look-through”1 Revenue (A$m) H1 FY14 Highlights For personal use only 54% CAGR • SEEK Education has a strong track record of growth $142.7m • Strong “look-through”1 results with Revenue CAGR of 54% & EBITDA CAGR o
Slide 41: Record H1 result for SEEK Learning
Record H1 result for SEEK Learning SEEK Learning Financials1 Key Insights For personal use only Record result & providing a degree of counter cyclical A$m Growth protection H1 FY14 H1 FY13 $m % • Strong H1 FY14 with revenue growth of 35% & EBITDA Revenue 34.9 25.8 9.1 35% growth 74% vs pcp EBITDA 15
Slide 42: Completion of THINK divestment in H1 FY14
Completion of THINK divestment in H1 FY14 THINK Financials Key Insights For personal use only A$m Growth Recap of the THINK transaction H1 FY14 H1 FY13 $m % • SEEK completed sale of remaining 80% of THINK for Revenue 45.2 48.4 n/a n/a implied 100% EV of A$140m EBITDA 4.8 5.2 n/a n/a • Gain on sale (
Slide 43: IDP delivered a strong result in H1 FY14
IDP delivered a strong result in H1 FY14 IDP Financials Key Insights For personal use only A$m Growth Strong H1 FY14 Result H1 FY14 H1 FY13 $m % • Revenue growth of 17% vs pcp Revenue (100%) 124.0 106.3 17.7 17% • EBITDA margins increased to 20% (vs 17% pcp) realising EBITDA (100%) 24.4 18.4 6.0 33%
Slide 44: Outstanding result from Swinburne Online
Outstanding result from Swinburne Online Swinburne Online Financials Key Insights For personal use only A$m Growth Exceptional financial result H1 FY14 H1 FY13 $m % • H1 FY14 Revenue of A$23.5m, EBITDA of A$8.2m and Revenue (100%) 23.5 7.3 16.2 n/m EBITDA margins of 35% EBITDA (100%) 8.2 0.6 7.6 n/m
Slide 45: Outlook
For personal use only Outlook
Slide 46: H2 FY14: Short Term Outlook
H2 FY14: Short Term Outlook space The guidance statements below may vary due to macroeconomic shock(s) or volatility in sentiment in domestic and/or global markets. The statements below exclude any transaction or one-off costs that may be incurred as a result of any M&A activity in H2 FY14 (such as
Slide 47: Appendices
Appendices For personal use only • SEEK Group page 48 • SEEK Domestic page 63 • SEEK International page 66 • SEEK Education page 76 • SEEK Volunteer page 80 • Overview of Non-IFRS Info page 82
Slide 48: SEEK Group
48 For personal use only SEEK Group
Slide 49: Reported Results by Division
Reported Results by Division Reported Results by Operating Division Results by Associate & JV: Seek Share of NPAT For personal use only A$m Growth A$m Growth H1 FY14 H1 FY13 $m % International H1 FY14 H1 FY13 $m % Domestic Employment Zhaopin n/a 8.6 (8.6) n/a Operating Revenue 116.9 120.9 (4.0) (3%)
Slide 50: Reported Result by Business Unit & Dividends
Reported Result by Business Unit & Dividends Reported Results by Business A$m Growth A$m Growth H1 FY14 H1 FY13 $m % For personal use only H1 FY14 H1 FY13 $m % International Employment JobsDB Operating Revenue 116.9 120.9 (4.0) (3%) Operating Revenue 29.4 24.4 5.0 20% EBITDA 71.6 75.3 (3.7) (5%) EBI
Slide 51: Reconciliation of EBITDA to Reported NPAT
Reconciliation of EBITDA to Reported NPAT Key Items below EBITDA Key Insights A$m Growth Net Interest Expense • Decline in net interest due to higher interest income A$5.8m (H1 FY14) v For personal use only H1 FY14 H1 FY13 A$m % Reported EBITDA 147.5 107.5 40.0 37% A$2.5m (H1 FY13) from higher cash
Slide 52: SEEK Group: H1 FY14 Segment Results
SEEK Group: H1 FY14 Segment Results H1 FY14 Segment Results For personal use only A$m Reported Depreciation Amortisation SEEK Share Non-operating Segment Amortisation of Interest Interest Profit Income NPAT Non- Reported EBITDA of Associate gains Result share-based income expense before tax (Pre NCI
Slide 53: SEEK is a diversified business with a track record of growth
SEEK is a diversified business with a track record of growth For personal use only “Look-through”1 Revenue & EBITDA by Operating Division Reported Revenue & EBITDA by Operating Division Revenue CAGR (%) Period Revenue CAGR (%) Period SEEK Domestic 20.9% H1 FY04 - H1 FY14 SEEK Domestic 20.9% H1 FY04
Slide 54: Continuing vs Discontinued operations
SEEK Group: Continuing vs Discontinued operations Continuing Operations & Discontinued Operation Key Insights For personal use only Continuing Discontinued Reported H1 FY14 - A$m Operations Operation Consolidated • THINK was divested on 30-Nov-13 Operating Revenue 337.6 43.1 380.7 EBITDA 142.9 4.6 1
Slide 55: SEEK Group: Tax expense
SEEK Group: Tax expense Key items in Tax expense Explanation of Key Items For personal use only A$m Growth H1 FY14 H1 FY13 $m % 1. One off tax refund from prior years • Result of a favourable ATO private binding ruling (A) Income tax calculated at 30% (statutory rate) 45.3 29.2 16.1 55% (B) Reported
Slide 56: SEEK has an efficient & diverse capital structure
SEEK has an efficient & diverse capital structure SEEK’s has diverse funding sources Net debt breakdown 31-Dec-13 For personal use only SEEK’s debt facilities & maturity profile Cash & Net Debt Facility Gross Facility Limit A$m Cash Debt/ Limit Debt1 A$m equivalent Equiv.2 (Cash) Sep-15 250 A$225m S
Slide 57: SEEK is well capitalised on key credit metrics
SEEK is well capitalised on key credit metrics SEEK is well position on reported credit metrics Aspects of SEEK’s treasury policy For personal use only Reported Net Leverage Ratio (Net Debt1/EBITDA) 1. When borrowing debt for international acquisitions look to create a natural hedge H1 FY13 1.9 with
Slide 58: Purchase Price Amortisation - Indicative Profile by Business
Purchase Price Amortisation1 - Indicative Profile by Business Brasil Zhaopin A#039;m A#039;m Zhaopin PPA was finalised during H1 FY14 with no material change 1.0 12 months amortisation to previously disclosed profile 4.0 in FY13 (vs.1 month in For personal use only 0.9 FY12) 3.5 0.8 3.0 0.7 Amortisation r
Slide 59: Key Terms used in this presentation
Key Terms used in this presentation Key financial terms SEEK Domestic & Education • Cash & cash equivalents: Reported cash on hand and cash held as security by Zhaopin lenders - SEEK Domestic: recognised in “other financial assets” in SEEK’s Dec-13 interim accts • Candidate Profile: Contains a summa
Slide 60: FX rates & Equity Ownership
FX rates & Equity Ownership Equity Ownership FX Rates Applied For personal use only SEEK's Equity Ownership Average FX Rate H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 H1 SEEK International FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY04 FY05 FY06 FY07 FY08 FY09 FY10 F
Slide 61: SEEK's detailed look-through P&L Analysis
SEEK’s detailed “look-through1” P&L Analysis "Look-through" Revenue & EBITDA (Non-IFRS Financial Information) A$m H1 FY04 H1 FY04 H1 FY05 H1 FY05 H1 FY06 H1 FY06 H1 FY07 H1 FY07 H1 FY08 H1 FY08 H1 FY09 H1 FY09 H1 FY10 H1 FY10 H1 FY11 H1 FY11 H1 FY12 H1 FY12 H1 FY13 H1 FY13 H1 FY14 H1 FY14 Underlying
Slide 62: Detailed Reconciliation of H1 FY14 Look-through to Reported Results
Detailed Reconciliation of H1 FY14 "Look-through"1 to Reported Results Detailed reconciliation of H1 FY14 "Look-through"1 to Reported Results For personal use only Reconciliation of "Look-through" to Reported Results H1 FY14 H1 FY13 A$m A$m Revenue SEEK Share "Look-through"1 393.8 326.7 Remove assoc
Slide 63: SEEK Domestic
63 For personal use only ▪SEEK ▪Domestic
Slide 64: SEEK Domestic – Detailed Financials & Key metrics
SEEK Domestic – Detailed Financials & Key metrics P&L SEEK New Job Index For personal use only Seasonally Adjusted (Dec-07=100) A$m FY12 FY13 120 H1 FY12 H2 FY12 H1 FY13 H2 FY13 H1 FY14 Revenue 122.8 125.0 120.9 114.0 116.9 100 Total Costs 47.6 48.0 45.6 47.7 45.3 80 EBITDA 75.2 76.9 75.3 66.3 71.6
Slide 65: SEEK's Mobile offerings attracting ~46% of Visits
SEEK’s Mobile1 offerings are attracting ~46% of Visits2 with strong engagement metrics in Australia & NZ For personal use only SEEK Mobile Visits (‘m) Key Insights 'm • Mobile1 accounted for ~46% of all visits from Jul-13 to Jan-14 16.0 with ~11.9m visits per month2, exhibiting strong engagement met
Slide 66: SEEK International
66 For personal use only SEEK International
Slide 67: Zhaopin – Detailed Financials
Zhaopin – Detailed Financials P&L Revenue & EBITDA RMBm - at 100% of Zhaopin unless indicated Pro-forma 100%: Local Currency For personal use only FY12 FY13 Revenue EBITDA Revenue H1 FY12 H2 FY12 H1 FY13 H2 FY13 H1 FY14 600 250 Online Revenue 336.1 356.7 378.7 371.2 398.0 200 Other Revenue 74.7 54.1
Slide 68: Zhaopin – Key Metrics
Zhaopin – Key Metrics Monthly UBs - month end (m) Total Job Ads – month end ('000) For personal use only 3,000 35 32 2,484 2,579 29 29 2,500 2,325 30 27 24 25 24 2,0121,887 2,034 2,054 25 23 2,000 1,859 20 1,500 15 13 9 1,000 10 8 644 6 500 400 5 189 133 - - Jun-12 Dec-12 Jun-13 Dec-13 Jun-12 Dec-12
Slide 69: JobsDB – Detailed Financials & Key Metrics
JobsDB – Detailed Financials & Key Metrics P&L Key Insights HKD m - at 100% of Job sDB unless otherwise indicated For personal use only FY12 FY13 • Pleasing revenue results particularly in Hong Kong H1 FY12 H2 FY12 H1 FY13 H2 FY13 H1 FY14 Online revenue 191.6 199.1 188.2 205.3 202.5 and Thailand Oth
Slide 70: Brasil Online – Detailed Financials & Key Drivers
Brasil Online – Detailed Financials & Key Drivers P&L Revenue & EBITDA BRL m - at 100% of Brasil Online unless otherwise indicated Revenue Pro-forma 100%: Local Currency EBITDA For personal use only FY12 FY13 140 50 H1 FY12 H2 FY12 H1 FY13 H2 FY13 H1 FY14 45 120 Net Revenue 95.3 105.0 108.9 120.6 11
Slide 71: OCC – Detailed Financials & Key drivers
OCC – Detailed Financials & Key drivers P&L Revenue & EBITDA Pro-forma 100%: Local Currency For personal use only MXN m - at 100% of OCC unless otherwise indicated Revenue EBITDA FY12 FY13 160 80 H1 FY12 H2 FY12 H1 FY13 H2 FY13 H1 FY14 140 70 Net Revenue 101.1 98.4 86.0 94.2 137.8 Total Costs 56.2 6
Slide 72: OCC – Key Competitor Metrics
OCC–Key Competitor Metrics1 Monthly Page Views2 (‘000) Paid Job Ads ('000) Recent Website enhancements have For personal use only improved customer navigation & reduced “inefficient page views” 120,000 109,089 As anticipated, business model transition has changed customer behaviour 40,000 37,133 100
Slide 73: Reconciliation of International associate's EBITDA to SEEK share of profits
Reconciliation of SEEK’s International associate’s EBITDA to SEEK share of profits For personal use only JobStreet OAM H1 FY14 H1 FY13 H1 FY14 H1 FY13 A. Underlying MYRm at 100% MYRm MYRm A. Underlying ZAR$m at 100% ZAR$m ZAR$m EBITDA1 22.5 27.5 EBITDA (28.7) Tax & other1 (6.2) (3.8) Other 22.4 NPAT
Slide 74: Reconciliation of International Subsidiaries EBITDA to NPAT
Reconciliation of SEEK’s International Subsidiaries EBITDA to NPAT For personal use only Zhaopin JobsDB H1 FY14 H1 FY13 H1 FY14 H1 FY13 A. Underlying RMBm at 100% RMBm RMBm A. Underlying HKDm at 100% HKDm HKDm EBITDA 139.4 119.1 EBITDA 73.2 63.0 D&A (9.9) (7.9) D&A (4.2) (4.2) PPA amortisation (16.9
Slide 75: Reconciliation of International Subsidiaries EBITDA to NPAT
Reconciliation of SEEK’s International Subsidiaries EBITDA to NPAT For personal use only Brasil OCC H1 FY14 H1 FY13 H1 FY14 H1 FY13 A. Underlying BRLm at 100% BRLm BRLm A. Underlying MXNm at 100% MXNm MXNm EBITDA 38.6 26.2 EBITDA 67.1 15.8 D&A (1.8) (2.0) D&A (3.7) (3.4) Interest / other income & ex
Slide 76: SEEK Education
76 For personal use only ▪SEEK ▪Education
Slide 77: SEEK Learning – Detailed Financials & Key drivers
SEEK Learning – Detailed Financials & Key drivers P&L Key Drivers A$m FY12 FY13 FY12 FY13 For personal use only Revenue H1 FY12 H2 FY12 H1 FY13 H2 FY13 H1 FY14 H1 FY12 H2 FY12 H1 FY13 H2 FY13 H1 FY14 SEEK Learning AUS 19.1 26.5 24.2 33.5 33.1 Leads/enquiries ('000) 187.3 225.9 180.5 196.8 168.6 SEEK
Slide 78: IDP - Detailed Financials & Key drivers
IDP - Detailed Financials & Key drivers P&L IELTS Metrics Rev per Test candidate (A$) For personal use only Test candidates (#) A$m FY121 FY13 H1 FY12 H2 FY12 H1 FY13 H2 FY13 H1 FY14 334,884 Revenue 247 250 244 241 IELTS 66.0 76.9 72.6 76.3 83.6 Student Placement 18.7 22.7 22.7 24.9 28.0 314,759 316
Slide 79: Reconciliation of Education Associate's EBITDA to SEEK share of profits
Reconciliation of SEEK’s Education Associate’s EBITDA to SEEK share of profits For personal use only IDP Swinburne Online H1 FY14 H1 FY13 H1 FY14 H1 FY13 A. Underlying A$m at 100% A$m A$m A. Underlying A$m at 100% A$m A$m EBITDA 24.4 18.4 EBITDA 8.2 0.6 D&A (3.3) (3.3) D&A (0.2) (0.1) Net Interest 0
Slide 80: SEEK Volunteer is a successful corporate social responsibility initiative
SEEK Volunteer is a highly successful corporate social responsibility initiative For personal use only SEEK Volunteer Overview of SEEK Volunteer • SEEK Volunteer is a partnership between SEEK and Volunteering Australia, the peak national body for volunteering • Leverage’s SEEK core capabilities to a
Slide 81: SEEK Volunteer has had a successful months
SEEK Volunteer has had a successful 6 months For personal use only Operational Metrics Awards achieved Page Views Visits • Had great success with International Volunteer Day (5 th 1,400,000 160,000 December) campaign and launch of ‘Helping Others is 1,200,000 140,000 Easier Than You Think’ promotion
Slide 82: Overview of SEEK's non-IFRS financial information
Overview of SEEK’s non-IFRS financial information What is non-IFRS financial information? IFRS financial information is financial information that is presented in accordance with all relevant accounting standards Non-IFRS financial information is financial information that is presented other tha
Slide 83: For personal use only
For personal use only