Interim Results for the half year ended 30 June 2009 21 August 2009 - - PowerPoint PPT Presentation

Interim Results for the half year ended 30 June 2009

21 August 2009

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Disclaimer

First Half 2009 Performance Nick McKittrick Finance Director & Chief Operating Officer

Highlights

, ""-.//%0123345./6%47 , 8&"#-."/%6123345."6%37 , 9:-."#%#123345.23%47 , +9"/-"2%4123345""%/7 , 9$#%2-123345$$%"-7 , ;&&$4-.#%#123345&.2/%/7 , </%3123345/%37

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Source: Rightmove

Revenue

Revenue and costs

Operating costs*

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Source: Rightmove

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Underlying operating profit*

Profit and margin

Margin*

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Source: Rightmove

Income Statement

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Source: Rightmove

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Balance sheet

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Source: Rightmove

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EPS, dividend and debt

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Source: Rightmove

Strategic priorities from a year ago

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Source: Advertising statistics yearbook 2008 and 2009, plus Rightmove estimate of total size of property portal market

UK Property Advertising Market 2008 2007

"3

Market share of the top 4 UK property websites by pages viewed

Sources: Hitwise June 2009 UK website page impressions with Rightmove including aboutmyplace.co.uk and holiday lettings.co.uk, and Rightmove data

Maintaining leadership with home hunters

Page impressions

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Maintaining leadership with advertisers

Membership*

Change during H1 2009 "2

Source: Rightmove

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• Estate agency membership has been

growing at an average net gain of 70

• ffices a month since March
• Lettings only membership has been

growing strongly throughout the property market down-turn, with net gain of 75

• ffices per month this year
• Our number of new homes customers has

remained the same through 2009, but the number of developments available to advertise fell rapidly from January to May (by average of 92) but for the last two months has been stable

Total membership at end June 16,874 (2008:19,301) Up 1% so far this year

Position at the end of 2008

Maintaining leadership with advertisers

"/

Source: Rightmove

Estate agent leavers in 2008

Position by mid 2009 Change

Pricing maintained

ARPA

":

Source: Rightmove

• Pricing maintained, reflecting continued

cost effectiveness advantage compared to traditional media

• Strong growth in average spend by new

homes developers

• Average spend in agency flat
• However, overall average spend broadly

unchanged as a result of a significant change in the mix of our customer base (lettings members, who spend least, increasing fast; new homes developments, who spend most, declining fastest)

• The dampening impact of this change in

mix will also be reflected in our full year numbers

Containing costs

"$

Source: Rightmove

Outlook Ed Williams Managing Director

Strengthening leadership with home hunters

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Source: Rightmove

Growing advertisers’ spend with Rightmove

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Source: Rightmove