Seek Limited · ASX:SEK
Seek — Shareholder Meeting (November 2005)
15 slides from Seek's shareholder meeting presentation, Nov 9, 2005
Slide 1: Annual General Meeting 9 November 2005
seek.com.au Annual General Meeting 9" November 2005
Slide 2: Agenda
Agenda » Ordinary Business : 1. Presentation by Chief Executive Officer 2. Tabling & Consideration of 2005 Financial Reports 3. Remuneration Report 4. Election of Directors
Slide 3: CEO Update
CEO Update Paul Bassat
Slide 4: 2005 Highlights
2005 Highlights Strong financials The Market Growth Exceeded Prospectus Revenue Growth crivers Structural move continues Market Leader Growth within core Seek Learning © seek T Revenue TEBITA T EBITA Margin ? Volume * Yield Online: 7 31% Print: 1 6% Strong market leadership Successful expansion sinc
Slide 5: Financial Highlights
Financial Highlights @ seek FY 2005 Prospectus FY2004 $m ‘ 4 69.6 Revenue To 4.2% | 75.3% rN a 29.4 EBITDA 5.8% 104.2% 28.4 EBITA ff 56% ff 104.3% A A 21.8 NPAT 10.1% f 82.4% (pre goodwill) 8.1 cents EPS 5.6 cents (pre goodwill) 16.4 cents NTA 11.6 cents
Slide 6: Sustained Revenue & EBITA Growth
Sustained Revenue & EBITA Growth © seek Fygg Revenue & EBITA Growth Revenue BZEBITA © FYoo FYO1 Fyo2 FYO3 Fyo4 FYO5 EBITA Margin 21.9% 35.1% 40.8%
Slide 7: Strategies for Growth
Strategies for Growth.......... © seek SEEK Employment " SEEK Learning * Volume growth » Leverage existing Print to online sales / marketing & migration distribution » Early stage capabilities markets " Leverage large & SME relevant audience » Geographic Higher Education Price " Vocational training
Slide 8: Our People
Our People....... Building the platform Strong & stable leadership Experienced Board & Management team Best Employer 2004 & 2005 — Hewitt Passionate, driven & committed staff culture
Slide 9: : OMT Hininenenainnnnnd
a oo Ly : OMT Hininenenainnnnnd NO ee
Slide 10: The structural shift online continued in 2005
seek The structural shift online continued in 2005 Structural move accelerated in H2 05 Structural shift in the Australian Classifieds Market § é 250.0 5 2 3a 2000 —Print Job Ad Index g : ga — Online job ad index a oe ey 1500 <3 Bo 3 g 100.0 3 3 a £& ¢ 50.0 8 oO °° . r T T T T T dan-02 Jul-02 Jan-03
Slide 11: ...and still has a long way to go
© seek ..and still has a long way to go Total employment classified market Online penetration still only at «15% in $ terms Print volumes down by 6.4% YOY Online volumes up by 31.2% YOY US experience Penetration at 22%, but still growing at CAGR of 30% » Rate of market share shift broadly consistent
Slide 12: Market leader in an attractive market
Market leader in an attractive market @ seek SEEK remained the clear market leader on all metrics in 2005 User Time AU Job Ads AU Other MyCareer 3% 16% Other 13% MyCareer 17% 14% CareerOne 22% Source: Nielsen NetRatings — Jun 05 Source: SEEK estimates — Jun 05 12
Slide 13: FY2006 Outlook
FY2006 Outlook @ seek " Solid start to the 2006 financial year. " Employment market has remained strong " Migration from print to online continues to drive market growth. " Earnings for the 4 months to 31 October 2005 are ahead of our Prospectus forecasts. " If the current strength in the employment
Slide 14: Thank You
14 THANK YOU
Slide 15: Agenda
Agenda » Ordinary Business : 1. Presentation by Chief Executive Officer 2. Tabling & Consideration of 2005 Financial Reports 3. Remuneration Report 4. Election of Directors 15