Slide 1: H1 17 Results Presentation
For personal use only SEEK Limited H1 17 Results Presentation 6 months to 31 December 2016
Slide 2: SEEK is having a global impact improving people's lives
SEEK is having a global impact improving people's lives across employment & education Our Purpose: To help people live more fulfilling and productive working lives and help organisations succeed oN2 Int tional F Employment nternationa Education 35+ MILLION 400+ MILLION 150k+ Monthly Visits Monthly V
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Slide 4: Total Shareholder Return
For personal use only 1200 % 1000 % 779.8 % 800 % Total Shareholder Return 600 % 400 % 142.3 % 200 % 0% Apr-2005 Aug-2007 Jan-2010 May-2012 Oct-2014 Feb-2017 Seek ASX 200 4
Slide 5: Size of market opportunity
Size of market opportunity Phase 1- 1997 (start of phase) Phase 2 - 2005 Market opportunity and stage of evolution Phase 3 Talent Sourcing/Placements Using product, tech and data to create efficiencies and insights to select the most relevant candidate or career cA$20b market opportunity EK Int'l fo
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Slide 9: Underlying NPAT growth was 18% excluding Early Stage Ventures & Learning
Excluding Early Stage Ventures & SEEK Learning, underlying NPAT growth was 18% Growth H1 17 H1 16 % Reported NPAT before significant items 102.7 93.4 10% Add back Early Stage ventures 10.9 9.0 21% Underlying NPAT 113.6 102.4 11% Less: Learning (0.8) 5.1 (117%) Underlying NPAT excl Learning & 114.4 9
Slide 10: Strong cash flows alongside a robust balance sheet
SEEK continues to generate strong cash flows alongside a robust balance sheet... Strong growth in operating cash flow! Strong credit metrics H1 05 to H1 17 CAGRof 26% 27.1x 0.7x vs 17.2x at 30-Jun-16 vs 0.5x at 30-Jun-16 $198.1m EBITDA/Net Interest Net debt/EBITDA (12 mth trailing) (12 mth trailing)
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For personal use only 34.0% 5.4% 3.6% 2.3% Professional networks Online classifieds Aggregators • • 14
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Slide 17: SEEK International operates market leaders in large markets
SEEK International operates market leaders in large markets that are well positioned for growth Strong market leaders across China, Taking a medium to long-term view, ASEAN region and LatAm SEEK International is well positioned - for growth Underpinned by favourable dynamics & large market opportuni
Slide 18: Creditable result given weak macro conditions and reinvestment focus
Creditable result given backdrop of weak macro conditions and reinvestment focus Reported Financials (A$m) H1 17 Highlights Constant In constant currency, SEEK International achieved Consolidated entities! Growth Currency Revenue growth of 11% and EBITDA growth of 2% Revenue H117 H116 % % *Weak macr
Slide 19: Zhaopin Transaction Update
Zhaopin Transaction Update SEEK has formed a consortium with leading private equity firms Hillhouse Capital Group and FountainVest Partners (“consortium’), for the purpose of a potential privatisation of Zhaopin Limited The consortium Is in advanced discussions with a Special Committee of the Board
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Slide 27: Focus is on starting-up a new SEEK Learning education business
Focus is on “starting-up” a new SEEK Learning education business New SKL education business Contributing to SEEK’s purpose at scale Education is core to SEEK’s purpose and the new The increased breadth of services means that education business will address a large unmet need SEEK is addressing more
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Slide 36: SEEK Group: H1 Segment Results
SEEK Group: H1 17 Segment Results H1 17 Segment Results (from p.15 of SEEK’s Interim Financial Report) International Total Early ——— ANZ SEEK Brasil Intl Stage Employment — Zhaopin Asia Online occ Other Total Education Ventures Half-year ended 31 Dec 2016 Notes $m $m $m $m $m $m $m $m $m $m "| Seles
Slide 37: Strong and diversified balance sheet
Strong and diversified balance sheet Net debt breakdown Key insights 31 Dec 16 as Cash & Net Strong group balance sheet Debt Facility . Limit Borrowings Cash Cash/ Equiv. (Debt) * Robust balance sheet with reported net debt of A$234m A$m A$m A$m SEEK Limited A$518m (298.0) * All of SEEK’s consolidat
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Slide 39: Zhaopin H1 Earnings Release (USGAAP) to SEEK's Reported Results (IFRS) Reconciliation
Zhaopin H1 17 Earnings Release (USGAAP) to SEEK’s Reported Results (IFRS) Reconciliation H1 17 Zhaopin Reported Financials - USGAAP to IFRS Reconciliation RMB m Total Revenue Op. Income (USGAAP)/ EBITDA (IFRS) Zhaopin Consolidated USGAAP 935.1 171.2 (Op. Income] Classification Differences n/a 27.3 (
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For personal use only 89.0 83.6 73.9 77.8 66.5 510 57.1 418 396 41.3 335 329 257 222 FY2012 FY2013 FY2014 FY2015 FY2016 Q2 FY16 Q2 FY17 FY2012 FY2013 FY2014 FY2015 FY2016 Q2 FY16 Q2 FY17 2.9 3,114 2,991 2.7 2.5 2,633 2.3 2,556 2,565 2.2 1.8 1.4 972 998 FY2012 FY2013 FY2014 FY2015 FY2016 Q2 FY16 Q2 F
Slide 41: SEEK Asia - Key Operating Metrics
SEEK Asia - Key Operating Metrics’ 41 Visits2 a Jobs Ads? a Hirers4 a Profiles® Se Placements® ee 'Mature markets include Hong Kong, Malaysia & Singapore. Developing markets include Philippines, Indonesia & Thailand Visits (‘m] PCP growth Job ads [#]) PCP growth Hirers (#] PCP growth Profiles (‘m] P
Slide 42: Latin America - Key Operating Metrics
Latin America - Key Operating Metrics Brasil Online (Catho only) p> OCC © occcmundiat | Visits! Jobs Ads? Invoiced Jobseekers Invoiced Employers } Profiles? f Placements* ‘Unique visits for the month of Dec-16 [desktop & mobile]. Source: Omniture. 2Total number of job ads on platform at Dec-16 month
Slide 43: 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. In parti
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