Interim Results for the half year ended 30 June 2010 27 August 2010 - - PowerPoint PPT Presentation

Interim Results for the half year ended 30 June 2010

27 August 2010

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First Half 2010 Financial Performance Nick McKittrick Finance Director & Chief Operating Officer

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Highlights

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Revenue

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Source: Rightmove

Profit and margin

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Underlying operating profit* Underlying operating profit from continuing operations*

• Source: Rightmove

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Income Statement

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Source: Rightmove

EPS, share buy backs and dividend

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Business Performance and Outlook Ed Williams Managing Director

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Strategy

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Sale of Holiday Lettings Ltd

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Source: Rightmove

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

Sources: Hitwise January - June 2010 UK website page impressions; Rightmove data * Page impression numbers for 2010 exclude holiday lettings.co.uk

Strengthening leadership with home hunters

Page impressions*

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Strengthening leadership with advertisers

Membership*

Change during H1 2010 "1

Source: Rightmove

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• Agent numbers have been growing more

strongly in 2010 than in 2009, with all the growth coming from estate agency, driven by office openings (and re-openings)

• Many lettings agents are returning to doing

resale which boosts monthly ARPA

• Our number of new homes developments

has continued to decline with the housing association sector worst affected. This is driven by a decline in the number of developments with underlying number of customers little changed

Total membership at end June 17,993 up 2% so far this year * +' ,

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Strengthening leadership in advertising spend

ARPA

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Source: Rightmove

• ARPA up 20% for H1 2010 over H1 2009
• Very strong growth in additional spending
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2009

• Additional spend is 20% of revenue

compared to 13% in H1 2009 and accounts for getting on for half our revenue growth

• Additional spend helped by launch of our

first display advertising products (revenue running at well over a third of a million pounds per month)

• June 2010 ARPA up 24% over June 2009,

well ahead of the average for the half year, as a result of phasing of price rises and strength of additional spend

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Innovation

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Source: Rightmove

Products Agent Scorecard Draw a Search Social Networking Mobile

Outlook

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Source: Rightmove

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