Seek Limited · ASX:SEK

Seek — H1 2018 Earnings Presentation

45 slides from Seek's earnings presentation, Feb 19, 2018

1. Slide 1: SEEK Limited H1 18 Results Presentation

   For personal use only SEEK Limited H1 18 Results Presentation 6 months to 31 December 2017

2. Slide 2: SEEK's Purpose and portfolio at a glance

   SEEK’s Purpose: To help people live more fulfilling and productive working lives and help organisations succeed aN2 Int tional F Employment nternationa Education 0 0 0 (~ ‘\ \ a ¢35+ MILLION 450+ MILLION 500k+ Monthly Visits Monthly Visits Monthly Visits a JX J y, ‘\ f ( c185,000 co+ MILLION Din c10

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4. Slide 4: Investing in market leading brands to go after large market opportunities

   SEEK is investing in its market leading brands to go after large market opportunities in high growth markets Talent Sourcing/Placements Using product, tech and data to create efficiencies and | insights to select the ' most relevant ' candidate or career | cAS$20b market opportunity | (ANZ & SEEK In

5. Slide 5: Long term track record of value creation

   SEEK’s approach has led to a long term track record of value creation Revenue CAGR of 29% Market leaders Consistent Long term focus EBITDA CAGR of 31% purpose & + & sustained + exposed to large = ICAGR period H1 04-H1 18) trat i addressable strategy investment markets Strong total shareholder return

6. Slide 6: Group Financial Performance

   For personal use only Group Financial Performance

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   For personal use only 700 600 500 400 300 200 100 • - Less than 1 year 1-2 years 2-3 years 3-4 years 4+ years • • SEEK Limited - bank debt SEEK Limited - EMTN SEEK Asia Zhaopin SEEK Ltd - undrawn SEEK Asia - undrawn • •

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11. Slide 11: Organisational Structure Changes

    For personal use only Organisational Structure Changes

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    For personal use only Accumulated Valuation Accumulated Analyst Accumulated Accumulated Accumulated Deal Accumulated Sale Accumulated Analyst investment1 Uplift2 investment consensus investment3 EBITDA investment valuation4 investment Price investment consensus 15

16. Slide 16: ANZ Employment

    For personal use only ANZ Employment

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    For personal use only 36.3% • • o o 4.7% 4.5% 3.1% o Professional Online classifieds Aggregators SEEK (incl. Jora) networks o • o 19

20. Slide 20: International

    For personal use only International

21. Slide 21: Success of ANZ provides the playbook for International's evolution

    Success of ANZ provides the playbook for International’s evolution Sustained focus ...led to strong ..and delivered record on investment ... revenue growth... levels of earnings ANZ Product & Tech capex [A$m] ANZ Revenue (A$m] ANZ EBITDA (A$m] 35 48% 36% a ae 20 313 3 FYI) FYI2) FYI. FYI4 =FYIS FY16

22. Slide 22: International revenue opportunity in large growing markets

    International revenue opportunity in large growing markets is significantly larger than ANZ Long-term illustrative Revenue Opportunity (A¢m] Key Insights GDP FY17 Revenue Rev Opp = Given size of International’s revenue (A$Bn}" Revenue —- Opportunity FY17 Rev Opportunity the right strategy is to inve

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28. Slide 28: Education

    For personal use only Education

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    For personal use only • • • • 10,000 • 8,000 • 6,000 4,000 • 2,000 o o 0 o 29

30. Slide 30: Ventures Early Stage

    For personal use only Ventures Early Stage

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32. Slide 32: Outlook

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34. Slide 34: SEEK is well positioned to grow long term shareholder value

    SEEK is well positioned to grow long term shareholder value SEEK operates a unique platform... ..With significant growth in AP&A... ..and opportunities to create value via Investment activities Operates market leaders in 14 countries typically in high growth markets like China, Asia and LatAm SEEK h

35. Slide 35: Appendices

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    For personal use only ( Exclud ing sig nif icant it ems)

37. Slide 37: SEEK Group: H1 Segment Results

    SEEK Group: H1 18 Segment Results H1 18 Segment Results (from p.15 of SEEK’s Financial Report) International Total Early ————— ANZ SEEK Brasil Int'l Stage Employment —Zhaopin Asia Online occ Other Total Education —_ Ventures Half-year ended 31 Dec 2017 Notes $m $m $m $m $m $m $m $m $m $m Sales reven

38. Slide 38: Strong and diversified balance sheet

    ng and diversified balance sheet Net debt breakdown Key insights 31-Dec-17 Debt Short Net Strong group balance sheet ae . Funds on Facility Borrowings Cash -term deposit! Cash/ Limit Investments (Debt) + Robust balance sheet with reported net debt of A$m A$m A$m A$m A$m SEEK Limited- Bank Debt A$550

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    For personal use only A$m 7.0 • 6.0 • 5.0 4.0 • 3.0 • 2.0 1.0 - H1 16 H2 16 H1 17 H2 17 H1 18 H2 18 H1 19 H2 19 H1 20 H2 20 Act Act Act Act Act Est Est Est Est Est Zhaopin SEEK Asia BOL OCC OES ESV 40

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    For personal use only 99.8 94.1 89.0 613 83.6 73.9 510 496 66.5 57.1 418 396 335 41.3 222 257 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 Q2 FY17 Q2 FY18 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 Q2 FY17 Q2 FY18 3.3 3,114 2.9 3.1 2,991 2.7 2,633 2,624 2,556 2,565 2.3 2.2 1.8 1.4 998 890 FY2012 FY2013

42. Slide 42: SEEK Asia - Key Operating Metrics

    SEEK Asia - Key Operating Metrics JebStreet.com posDB... Mature Developing markets’ markets! Visits (m)2 H1 18 monthly average 19.2 28.6 PCP growth 9% 16% —— Jobs Ads (#)3 H1 18 monthly average 104,385 95,315 PCP growth 8% 15% Hirers (#4 H1 18 monthly average 23,122 16,202 PCP growth 12% 21% Oe Prof

43. Slide 43: Latin America - Key Operating Metrics

    Latin America - Key Operating Metrics Brasil Online (Catho only) => occ coccmundial.comr ( eae 1 isi ul Visits (m) H1 18 monthly average 4.3 Visits (m) H1 18 monthly average 4.2 PCP growth ~13% PCP growth 28% J ——— Jobs Ads (#)? H1 18 monthly average 121.154 Jobs Ads (#)? H1 18 monthly average 110,1

44. Slide 44: Disclaimer

    44 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 pa

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SEEK — H1 2018 Earnings Presentation on 6ix