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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 (SEEK) is an Australia-based online employment marketplace company that is focused on operating across Asia Pacific and Latin America. SEEK operates a range of other businesses, including SEEK Learning, which helps connect people with education opportunities; SEEK Business, where businesses and franchises can be sold, and SEEK Volunteer, which is an Australiaâs source of volunteer opportunities. The Companyâs segments include Australia and New Zealand (ANZ), SEEK Asia, Brasil Online, OCC, Platform support, Portfolio Investments. Its ANZ, SEEK Asia, Brasil Online, and OCC segments are engaged in online employment marketplace services. Its Platform support segment consists of Jora, an online employment marketplace; JobAdder, an end-to-end recruitment software suite; and Certsy, a verification and compliance platform. Its Portfolio Investments segment consists of a small portfolio of early-stage ventures (ESVs).
SEEK LIMITED 
