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Today's
agenda
Corporate Structure Changes
FY21 Group Financial Performance
Asia Pacific & Americas (AP&A)
SEEK Investments
Strategy Update
FY22 Outlook
SEEK Limited FY21 Results Presentation 2
CORPORATE STRUCTURE CHANGES
New structure implemented
Capital flexibility, management alignment and greater focus
SEEK Growth Fund
• Comprises core AP&A; and certain portfolio
Overview
investments, primarily Zhaopin (23.5% interest)
and SEEK's interest in the SEEK Growth Fund
• Led by Ian Narev and current members of the
Management
AP&A Executive team (refer page 49 for detail)
• Enables sharper focus on significant growth
Rationale
opportunities within SEEK's core businesses
• Generates cash flows that enable reinvestment in
building competitive capability and payment of
dividends
• Retains the option, but not the obligation, to
commit further capital to the SEEK Growth Fund
Newly created unit trust in which SEEK will initially hold c84.5%1 of the units
Seeded with SEEK's interests in OES and the majority of SEEK's existing ESV portfolio
Managed by an independent management company (SEEK Investments)
SEEK Investments to be led by Andrew Bassat, and the existing team transferring from the legacy SEEK Investments business (refer page 50 for detail)
Focuses on being an investor and business builder, partnering with emerging leaders to deliver strong long-term returns
Facilitates greater access to capital that can be used to support both existing and new investments
Delivers greater independence to enable aggressive long-term investment decisions
1 Assumes all committed capital is fully drawn.
SEEK Limited FY21 Results Presentation 4
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Seek Limited published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 00:03:03 UTC.
SEEK Limited is an online employment marketplaces company. It operates a range of other businesses, including SEEK Learning, which gives clients the expert information clients need to find the right course for their career, SEEK Volunteer, which has been connecting Australians to volunteer opportunities, and SEEK Business is Australiaâs online business-for-sale marketplace. Its segments include Australia and New Zealand (ANZ), Asia, Brasil Online, OCC, Platform support, Portfolio investments and SEEK Growth Fund. ANZ, Asia, Brasil Online and OCC segments are engaged in online employment marketplace services. Platform support segment includes JobAdder, which is a talent acquisition suite. Platform support also includes other businesses: Jora and Certsy. Jora is an online employment marketplace. Certsy is a platform to securely verify and share work credentials and to complete compliance checks. Portfolio Investments segment consists of a small portfolio of early-stage ventures.