Improving Lives Through Better Careersir.chartnexus.com/jobstreet/doc/Company Overview - 2013...

} {Improving Lives

Through Better Careers

SINGAPORE • MALAYSIA • PHILIPPINES • INDONESIA • THAILAND • VIETNAM • JAPAN • INDIA

JobStreet Corporation Bhd

Copyright © by JobStreet.com

SAFE HARBOR STATEMENT

Information contained in this presentation may involve guidance,expectations, beliefs, plans, intentions or strategies regarding the future.All statements herein are forward looking and should not be construedas guarantee of future performance whereby actual results could differmaterially from such in the forward looking statements and projections.

Factors that can cause or contribute to such differences are, but are notlimited to, risk and uncertainties in business competition, governmentfiscal policies, political instability, general economic climates andconditions as well as emerging product innovation affecting the industry.

The Company is listed on Main Market of Bursa Malaysia (JOBST),governed and regulated by the requirements as set out by the law ofMalaysia.

2


� Corporate branding services via online banners and emails

� Promotes products and services, conducts surveys, generates leads and prospects

� Website updates information on training courses offered by talented

and experienced training consultants

Solutions

� Online job posting service that provides employers with a total

solution from sourcing to processing and evaluations

� Offers contract and temporary staffing services

� Offers value-added search and selection services, partners with

Business Process Outsourcing (BPO)/Call Center companies

� Job searching skills training and job fairs for jobseekers

� Online job service for non-executive or semi-skilled positions

� Social network website that allows jobseekers to post customized

talent profiles online

� Instant job applications via SMS

� Jobseekers pay and subscribe for priority online job applications

� Real time job alerts and short-listing notifications via SMS

JOBSTREET AT A GLANCE

JobStreet is one of the leading internet recruitment firms in the Asia-Pacific and is #1 in SE Asia

OVERVIEW

ONLINE PRESENCE

� Over 11 million jobseekers

� Over 1,800,000 job postings in 2012

� Currently over 150,000 job posting per month

� Over 100,000 employers

� Over 4 million email alerts per night

COMPREHENSIVE PRODUCT/SERVICE OFFERINGS

3

Recruitment

Advertising

� Develop, host and manage employers’ career website

� Leading provider of online recruitment services in SE Asia

� #1 in Malaysia

� #1 in Philippines

� #1 in Singapore

� #2 in Indonesia

� Start-up in Thailand

� Start-up in Vietnam

� Strategic investments in online recruitment firms in North Asia

� 104 Corp. (22%): #1 online recruitment firm in Taiwan

� Cinderella Media (formerly known as Recruit) (8%): Leading media

advertisement, printing and online recruitment firm in Hong Kong

� Strategic presence in India and Japan


4

OUR TEAM

Founded and led by a highly experienced and stable management team

Greg Poarch

48

(CFO)

� CFO� Ex-Senior Finance Manager, Astro� Ex-Auditor, Occidental Petroleum� Bachelor of Science in Accounting

and CPA (USA)� 14 years with JobStreet

Suresh Thiru

48

(COO)

� Executive Director and COO

� Ex-Head of Network Services Operations, Maxis Communications

� Master of Science in Mechanical Engineering, MIT

� 14 years with JobStreet

� Chief Architect

� Ex-System Architect with Sclumberger Austin Product Center

� PhD in Computer Aided Engineering, MIT


Albert Wong

49

(CTO)

� CEO and Founder

� Ex-Regional Director of Sales and Marketing, Kendall International

� Master of Science in Mechanical Engineering, MIT

� Bachelor of Science in Mechanical Engineering, University of Texas


Mark Chang

48

(CEO)

Ng Kay Yip

48

(Non-Independent

Non-Executive Director)

� Co-Founder

� Executive Director of the Maran Group of Companies

� Masters in Engineering, MIT

� Bachelor of Science in Electrical Engineering and Bachelor of Science in Economics, University of Pennsylvania


Charles Lim

47

(Non-Independent

Non-Executive Director)

� Co-Founder

� CFO, Hotel Equatorial Group

� Ex-Vice President of Finance, Johnson & Johnson

� Bachelor of Science in Economics and Bachelor of Applied Science (Engineering), University of Pennsylvania


Tan Sri Lin See Yan

74

(Independent Non-Executive Director)

� Chairman of Audit & Risk & Remuneration Committees

� Ex-Deputy Governor of Bank Negara Malaysia, ex-CEO & Chairman of Pacific Bank

� Director of Genting Bhd, Top Glove Corp Bhd, IGB Real Estate Investment Trust, Wah Seong Corp Bhd, KrisAssets Holdings Bhd

� PhD in Economics, Harvard University


Datuk Ali Abdul Kadir

64

(Independent Non-Executive Chairman)

� Chairman of Nomination & ESOS Committees

� Ex-Chairman of Securities Commission of Malaysia and Ernst & Young

� Chairman of Financial Reporting Foundation, Microlink Solutions Bhd, Privasia Technology Bhd

� Director of Glomac Bhd, Labuan IBFC

� Fellow of ICAEW, member of MICPA and MIA


Rocky Yang

54

(Non-Independent Non-Executive

Director)

� CEO & Chairman of 104 Corporation (Taiwan)

� Ex-Sales Director of Sunrex Computer Corp

� Bachelor of Arts in Foreign Language & Literature, National Cheng Kung University, Taiwan

� 1 year with JobStreet


5

OUR TEAMHighly experienced local management team

COUNTRY NAME / TITLE EXPERIENCE

MALAYSIA

SINGAPORE

PHILIPPINES

INDONESIA

THAILAND

INDIA

JAPAN

Chook Yuh Yng

(Country Manager)

Anthony Ung

(Country Manager)

Grace Colet

(General Manager)

Faridah Lim

(Country Manager)

Tanaporn Satitpunwaycha

(Country Manager)

Balaprasad C.

(Country Sales Manager)

Higaki Yusuke

(General Manager)

� Ex IT Outsourcing Practice Leader, Pre-sales & Commercial Sales Manager, Dataprep Malaysia

� Master of Engineering, Bachelor of Arts from University of Cambridge, UK

� Ex Country Manager for 3 countries (SG, MY and ID), Trend Micro

� Ex Business Development Manager, CA Singapore

� B.Sc. (Honors) Computer Science, Software Engineering from University of Hertfordshire Hatfield, England

� Ex Sales & Marketing Manager, Smart Telecommunication

� Bachelor of Science in Business Economics (with Honors cum Laude) from University of the Philippines.

� Ex Corporate Business Development Manager, Allied Pickfords

� Bachelor of Arts from University of Assumption, Thailand

� Extensive experience in general management, sales, services delivery and engineering

� Bachelor of Mechanical Engineering from University of Shivaji, India

� Ex Consultant on International Projects with United Nation (UN)

� Ex Executive Director, Shinwa Management Systems

� Ex Marketing & Licensing Manager, RM Enterprises Ltd

� Bachelor of Business Administration majoring in Marketing Management from University of Trisakti, Indonesia

� Ex PR Branch Director, Ogilvy & Mather

� Ex Consultant, The World Bank

� Master of Business Administration, Harvard Business School

Ha Cao

(Country Manager)VIETNAM


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ONLINE RECRUITING PLATFORM

Over 100,000 employers and over eleven million jobseekers use JobStreet’s SiVA and LiNA systems respectively

EMPLOYERS (SiVA)

� Create and post job ads online

PO

ST

� Receive and store resumes with SiVA, JobStreet’s resume management system

RE

CE

IVE

RE

VIE

W

� View resumes and shortlist or reject candidates at a click with SiVA

� Screen candidates by customized online assessment tests before a face-to-face interview

SC

RE

EN

� Send mass acknowledgement, acceptance or rejection letters via email

RE

CR

UIT

SUPPORTED BY JOBSTREET INTRANET CRM AND OSS SYSTEMS AS WELL AS DEDICATED SUPPORT TEAM

JOBSEEKERS (LiNA)

RE

GIS

TE

RM

AT

CH

NO

TIF

YA

PP

LY

INT

ER

VIE

W

� Update resume and apply for selected jobs via website, email or snail mail

� Online assessment tests or invited to interviews

� Upload profiles and state individual career preferences after free registration

� JobStreet filters and matches compatible job postings LiNA, its job matching system

� ‘LiNA Job Alerts’ are sent to users’ registered emails


7

DEVELOPMENT OF JOBSTREET

19951997

1999

2000

2001

2003

2004

2005

2006

20072009

2010

MOL Online, a successful portal and initial parent of JobStreet, commenced operation

JobStreet Malaysia was incorporated

Commenced operations in Singapore and the Philippines

Established a presence in India; primarily focused on JobStreet IMPACTJobStreet Malaysia

wins Internet Company of the Year Award

SiVA wins Best Software Application Award at APMITTA

JobStreet achieves full year of profitability in FY03, EBITDA of MYR4m, (4x the prior year) and prepares for listing

JobStreet Corporation Bhd (JCB) was incorporated and listed on the MESDAQ

JobStreet was awarded LOI from Shell for Global e-Recruitment Platform

PT JobStreet Indonesia was established as a JV with PT Sinarmas Multiartha Tbk

PT JobStreet Indonesia commenced operations

JobStreet acquires a strategic stake in Recruit

JobStreet Kabushiki Kaisha was established as a JV with Asian Commission Corp.

JobStreet Thailand, a JV with Sanook.com commenced operations

EnerPro became a wholly-owned subsidiary

JobStreet increases its strategic stake in 104 Corp.

2012

Entered into Shareholders’ Agreement with Nguyen Hoang Bao to incorporate JobStreet Vietnam.


8

GEOGRAPHIC PRESENCE

Well established network in fast growing SE Asia with market leadership in key strategic countries

Source: Bloomberg. Market data as of 15 May 2013

Japan

� JobStreet Kabushiki Kaisha (60%): JV with Asian Commission Corp.

Taiwan

� 104 Corp. (22%): #1 online recruitment firm in Taiwan (Market Cap: US$95m)

Hong Kong

� Cinderella Media Grp Ltd (8%): Leading media advertisement, printing and online recruitment firm (Market Cap: US$96m)

India

� JobStreet.com India Pvt. Ltd. (100%)

� Focused on JobStreet IMPACT

Vietnam

� Entered the market in mid-2012

� Developing presence and focused on expanding jobseeker database

� JobStreet Vietnam (81%): JV with Nguyen Hoang Bao

Singapore (#1 in 2012)

� Entered the market in mid-1999; achieved profitability in early 2003 (c. 3+ years)

� FY12 revenue of MYR29m (18% of total external revenue)

� JobStreet.com Pte. Ltd.(100%)

� EnerPro (100%): Singapore-based recruitment agency

Malaysia (#1 in 2012)

� Entered the market in 1995; achieved profitability in early 1999 (c. 3+ years)

� FY12 revenue of MYR93m (58% of total external revenue)

� JobStreet.com Sdn. Bhd. (100%)

� Agensi Pekerjaan JS Staffing Services Sdn. Bhd. (100%)

� Autoworld.com.my (100%): Malaysia’s first and largest automotive portal

� Innity (21%) : Malaysia-listed online advertisement firm (Market Cap: US$18m)

Indonesia (#2 in 2012)

� Entered the market in 2006; achieved profitability in 2009 (c. 3+ years)

� PT JobStreet Indonesia (60%): JV with PT Sinarmas Multiartha Tbk

Philippines (#1 in 2012)

� Entered the market in late 1999; achieved profitability in early 2002 (c. 2+ years)

� FY12 revenue of MYR29m (18% of total external revenue

� JobStreet.com Philippines, Inc. (60%): JV with J.G. Summit Holdings

Thailand

� Entered the market in mid-2009

� Developing presence and focused on attracting job posting volume

� JobStreet (Thailand) (49%): JV with Sanook.com


-

225

450

675

900

1,125

1,350

Malaysia Singapore Philippines Indonesia Thailand Vietnam SEA US China India Australia

9

SIGNIFICANT ADDRESSABLE MARKET

SE Asia, with a combined population of over half a billion, is one of the most populous regions in the world

POPULATION (MILLION)

Internet

Penetration 62% 77% 29% 22% 27% 34% 29% 78% 38% 10% 90%

Internet User Non-internet user

29 5

102

24667

91 538

313

1,337

1,189

22

Source: CIA The World Factbook


US$ 0

US$ 1,000

US$ 2,000

US$ 3,000

US$ 4,000

Malaysia Singapore Philippines Indonesia Thailand Vietnam SEA US China India Australia

10

MARKET POTENTIAL

SE Asia is an emerging, attractive and fast growing market with significant development potential

GDP (BILLION)

GDP Growth

- Est. 2012 4.4% 2.7% 4.2% 6.1% 5.5% 5.6% 5.1% 2.1% 8.2% 6.9% 3.0%

248

267216

834

339124 2,028

15,060

6,989

1,843

1,507

Source: CIA The World Factbook, IMF

Weighted Ave


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STRATEGIC INVESTMENTS

RECRUITMENT

ADVERTISING / OTHER

(22%)

(8%)

(100%)

(21%)

(2%)

(100%)

Source: Bloomberg. Market data as of 15 May 2013

� Operates Taiwan’s largest recruitment website (www.104.com.tw)

� Market share of c. 90% (Jun 2010) with over 100,000 job posting every month

� Strong clientele: c. 97% of Taiwan’s top 1,000 manufacturers, c. 88% of Taiwan’s top 500 service companies, c. 92% of Taiwan’s 100 financial institutions

� Seeking growth opportunities in China

� Headquartered and listed in Taiwan (Market Cap: US$95m)

� Leading media advertising firm specializing in recruitment advertising, in-flight magazines and printing services

� Recruitment advertising includes:

� Recruit Online: Online portal; over 300,000 members and c. 3m job applicants

� 1010job.com: Online portal; caters to the China market, providing job and career development information via personalized services

� Recruit Magazine: Recruitment magazine with c. 120m copies in circulation

� Headquartered and listed in Hong Kong

� Cinderella Media Group Limited (Market Cap: US$96m)

� 1010 Printing Group Limited (Market Cap: US$70m)

� Singapore-based recruitment agency

� Specializes in placement and executive search services in the energy, resources, pharmaceutical and chemical segments

� Provides premium online marketing technologies and services to many of the world’s largest brands and advertising companies

� Headquartered and listed in Malaysia (Market Cap: US$18m)

� Leading pan-Asia online travel and hotel reservation service provider

� Network of operation and customer service offices in eight countries; offers flights with discounted airfares for all major airlines departing from 11 countries in Asia

� Headquartered and listed in Singapore (Market Cap: US$41m)

� Malaysia’s first automotive portal

� Web trading platform for buying and selling cars

(2%)


12

SELECTED RECOGNITION AND AWARDS

Ranked 15th in the 2011 annual KPMG Shareholder Value Awards (SVA) and ranked 3rd

under ICT category

Top 100 companies of KPMG SVA for five consecutive years since 06/07

Ranked 21st in Malaysia’s 30 Most Valuable Brands, awarded by the Association of Accredited Advertising Agents

Selected by Forbes Asia as 200 Best Under a Billion for the second consecutive year

Less than thirteen Malaysian companies were selected for the award in 2009 and only nine Malaysian companies were awarded in 2008

Awarded Top mid-Cap Company for MCG Index by Minority Shareholder Watchdog Group

Ranked 37th (2011) and 46th (2010) in the Top 100 companies

2011

2009

2008 and 2007

2010 and 2011


13

Transfer to Main Board – 28 Dec 2007

RM10,000 worth of JobStreet stock at IPO (29.11.04) would be worth RM 113,079

or annualized return of 32.89% (includes dividend receipt) on 11 June 2013.

} {Connecting Businesses

With talent


JobStreet Corporation Bhd

Financial Overview


15

FINANCIAL HIGHLIGHTS

JobStreet achieved record revenue of MYR 161 million in 2012

Malaysia Singapore Philippines Others

Note: Revenue segmentation by geography is based on revenue from external customers

‘07-’08 CAGR ‘09-’12 CAGR

23%

20%


16


Achieved solid revenue growth amid heightened competition

REVENUE (Y-o-Y)

Note: ESSENTIAL is the core product of JobStreet


17


Growth achieved without sacrificing margins. As new markets mature, margins are expected to further expand

EBITDA, NET INCOME AND MARGINS

Note: EBITDA is adjusted to exclude impairment and any write off or write back but include profit or loss from equity accounted associates and jointly-controlled entities.

35

46

36

55 61

68

29 33

28

41 43

58

35%

32%30%

35%

31%36%

42%45%

39%

47%43%

42%

0%

10%

20%

30%

40%

50%

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

110.0

120.0

2007 2008 2009 2010 2011 2012

(MYR m)

EBITDA Net Income Net Margin EBITDA Margin


18


EBITDA, NET INCOME AND MARGINS

Note: EBITDA is adjusted to exclude impairment and any write off or write back but include profit or loss from equity accounted associates and jointly-controlled entities.

12

7

12

16 14

21

10

6 9

11 10

15

41%

26%

31%34%

27%

36%

49%

31%

44%

48%

37%

48%

0%

10%

20%

30%

40%

50%

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

50.0

3M 2008 3M 2009 3M 2010 3M 2011 3M 2012 3M 2013

(MYR m)

EBITDA Net Income Net Margin EBITDA Margin


19


Strong Balance Sheet

BALANCE SHEET

RM'000 Unaudited

as at as at

Assets

Property and equipment 20,615 20,205

Investment in associates and a jointly-controlled entity 85,302 86,134

Available-for-sale investments 42,107 37,897

Goodwill, Intangible & Deferred tax assets 4,294 4,261

Total non-current assets 152,318 148,497

Trade receivables 12,898 13,081

Other receivables, deposits, prepayments 9,445 5,604

Cash and short term investments 118,293 107,473

Total current assets 140,636 126,157

Total assets 292,954 274,654

Total equity attributable to shareholders of the Company 227,539 214,642

Minority Interests 3,622 1,639

Total equity 231,161 216,281

Loans and borrowings 148 198

Deferred income 45,135 39,335

Payables and accruals 11,690 15,787

Taxation 4,792 3,026

Deferred tax liabilities 27 27

Total liabilities 61,793 58,373

Total equity and liabilities 292,954 274,654

31-Dec-1231-Mar-13

Audited


11 9

21

22

29

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0

2008 2009 2010 2011 2012

(MYR m)

Dividend

20


Highly cash generative, minimal capital expenditure requirements and high dividend payout ratio

OPERATING CASH FLOW DIVIDEND

Note: Operating cash flow is before income tax and interest expenses / income; dividend refers to the dividend declared for the relevant year

DPS (sen) 3.50 3.00 6.50 7.00 9.25

50

36

55

64

69

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

2008 2009 2010 2011 2012

(MYR m)

Operating Cash Flow

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