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SEEK LIMITED — AGM Information 2007
Nov 7, 2007
65765_rns_2007-11-07_a3f2a08c-c11b-4bf7-b82e-4e14e2a33a27.pdf
AGM Information
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8 November 2007

Agenda
Ordinary Business
- 1.Joint Chief Executive Officer update
- 2.Financial Report and Statements
-
- Remuneration Report
- 4.Re-election of Director
Special Business
-
- Increase in Non-Executive Directors' remuneration
-
- Amendment to Constitution

Joint CEO Update
Paul & Andrew Bassat

Overview…

Strong results in FY07

Ongoing migration from print to online will continue to drive growth

Significant growth opportunities

Focus on execution

Strong financial results continue in FY07…
| $M | Grhtow | ||||
|---|---|---|---|---|---|
| SEEKLTD | FY06 | FY07 | $ | % | |
| Revenue | 106.2 | 157.0 | 50.8 | 48% | © |
| Emloyntpme | 95.2 | 140.2 | 45.0 | 47% | © |
| Leingarn | 11.0 | 16.8 | 5.8 | 53% | © |
| EBITDA | 49.0 | 80.3 | 31.3 | 64% | © |
| Asciatesso | 0.0 | 2.0 | 2.0 | - | © |
| NPAT | 34.1 | 55.5 | 21.4 | 63% | © |
| FY06 | FY07 | Grthow% | ||
|---|---|---|---|---|
| EPS | 12.1 | 19.6 | 62% | © |
| H1- InterimDividden | 3.7 | 6.0 | 62% | © |
| inaiviH2- Fl Ddend | 4.8 | 7.7 | 60% | © |
| iviFull Yr Ddendea | 8.5 | 13.7 | 61% | © |
Note: Revenue excludes interest income

…underpinned by strength across all growth drivers…

…delivering clear leadership in the Australian market…
SEEK exclusive audience remains very strong, with a 3.0x multiple over MyCareer and a 5.6x multiple over Career One SEEK ad volume lead remains > 115k ads, a 2.9x multiple over 2nd placed Career One 78% of time spent between the 3 major employment sites was on SEEK

| %ofTo3p | Ads | UBs | Eyall Miebns | Market Reh Uac |
|---|---|---|---|---|
| SEEK | 60% | 55% | 78% | 65% |
| MyCareer | 19% | 27% | 15% | 32% |
| CarOnreee | 21% | 18% | 8% | 22% |
| Marke | |||
|---|---|---|---|
| t Reh UBsac | |||
| ADs | UBs | ||||||
|---|---|---|---|---|---|---|---|
| YeOnYearar | @t 200Oc7 | th YoGrowY ABS | Grth YoowY % | @t 200Oc7 | th YoGrowY ABS | Grth YoowY % | |
| SEEK | 176,043 | 51750, | 42% | 4482,447, | 913345, | 16% | |
| MyCareer | 15557, | 14426, | 34% | 8431,211, | 117172, | 17% | |
| CarOnreee | 60161, | (1,059) | (2%) | 809138, | 97170, | 14% |
**Sources:**Nielsen/ NetRatings October 2007 (excludes Government website); Job Ad Count, October 2007

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… and also in New Zealand …


| %ofTo3p | Ads | UBs | Eyall Minebs | Market Reh UBacs |
|---|---|---|---|---|
| SEEK | %55 | 50% | 65% | 61% |
| Trademe | 23% | 36% | 27% | 45% |
| Seh4jobsarc | 22% | 14% | 8% | 17% |
| ADs | UBs | ||||||
|---|---|---|---|---|---|---|---|
| YoY Gthrow | @t 200Oc7 | th YoGrowY ABS | Grth YoowY % | @t 200Oc7 | th YoGrowY ABS | Grth YoowY % | |
| SEEK | 20824, | 6634, | 29% | 372,575 | 14474, | 25% | |
| Trademe | 5428, | 0774, | 91% | 1272,61 | 64979, | 41% | |
| Seh4jobsarc | 8,276 | ()765 | ()8% | 103051, | ()22849, | ()18% |
**Sources:**Nielsen/ NetRatings Oct 2007 (excludes Government website); Job Ad Count, Oct 2007
Outlook…


Growth


Focus on key growth drivers remains consistent…

Ad volumes continue to migrate from print to online…



…as Job Seekers increasingly prefer online as the #1 way to search for a job…
Q: If you were looking for a job and could use only one way to find a job, in what way would you choose to look for a job?

Source: Newspoll Telephone Omnibus 10th – 12th Aug 2007; Sample size 700 adults aged 18+ in Sydney, Melbourne, Brisbane, Adelaide and Perth

…and online revenue growing rapidly with significant headroom still remaining
Revenue penetration US vs. AU


SEEK Learning continues to deliver…

* Revenue growth Pre-Change in accounting policy


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…and further expansion through investment in Amadeus Education…


…IDP has delivered an outstanding result…


…and International expansion on track for future growth… Zhaopin in line with expectations…
SEEK continues to pursue other international expansion opportunities

In Summary…
| iiFlnanca | Sfinaial pfohisddintttttrongncerrmanceyear…anexpeceoconue |
|---|---|
| Olktoou | Emloykedintttttpmenmarexpeceoremasrong |
| Sttraegy | Cfoindisdicdtttttonueconsencusesraegagena |
| MktareDiynamcs | MigiofroinlinetttranmproonMkeledinidddluiqb&kehttaraersunaeawareness,avomes,unuerowsersmarreac |
| Liearnng | SEEKLeingimingkedivearnprorrsvyIDPdliveddinghtttereousangrowReisiioinAmdiivetttcenacqunaeus verypos |
| Iilttnernaona | Cink oheiniol oiiettttttutoneoseerernanappornsuZhainincingkehadinvingheilyinbdttopreasmarsreanesavran |

Agenda
Ordinary Business

-
- Financial Report and Statements 5
-
- Remuneration Report 5
-
- Re-election of Director5
Special Business

- Increase in Non-Executive Directors' remuneration

- Amendment to Constitution

