Interim Results for the half year ended 30 June 2011 3 August 2011 - - PowerPoint PPT Presentation

Interim Results for the half year ended 30 June 2011

3 August 2011

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First Half 2011 Financial Performance Nick McKittrick Finance Director & Chief Operating Officer

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Highlights

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Source: Rightmove

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Revenue

Revenue and costs

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Source: Rightmove

• Operating costs

Profit

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Source: Rightmove

Underlying operating profit

Income Statement

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Source: Rightmove

Balance sheet

2

Source: Rightmove

EPS, share buy backs and dividend

8

Source: Rightmove

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Business Performance and Outlook Ed Williams Managing Director

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

Sources: Hitwise January - June 2011 UK website page impressions; Rightmove data * Page impression numbers for 2010 and 2011 exclude holidaylettings.co.uk but include Rightmove mobile website

Leadership with home hunters

Page impressions*

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Leadership with advertisers

Membership*

Change during H1 2011 ""

Source: Rightmove

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• Fewer than half a percent of agents left

Rightmove as a result of the price rises implemented during H1 2011

• Around 2% membership growth so far this

year, with the growth in agency

• Number of agents leaving the industry in-

line with long term averages. Supply of developments coming to market is stable but not increasing

• First half tends to be better than second for

membership, so mid-year performance is consistent with stable membership for 2011

Total membership at end June 18,480, up 2% so far this year

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Leadership in advertising spend

ARPA

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Source: Rightmove

• ARPA up 18% for H1 2011 over H1 2010
• Strong growth in additional spending on

advertising products, up by 45% on H1 2010

• Display advertising revenue has risen from

£380k in June 2010 to £700k in June 2011

• Additional spend is 24% of revenue

compared to 20% in H1 2010 and accounts for 45% of total revenue growth

• Additional spend helped by further

adoption of our Flexible Membership Offer, with 33% of independent estate agents and lettings agents now taking the FMO

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Mobile

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Mobile platforms now account for 14% of all searches on Rightmove, making our mobile platforms larger than the entire website of our main competitors. We plan to introduce two advertising products specifically for mobile platforms before the end of the year.

Source: Rightmove

Outlook

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