Scot Melland Chairman, President & CEO · competition from existing and future competitors in t he...

Scot MellandChairman, President & CEO

Look to Dice for Your Staffing SolutionsForward Looking StatementThis press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions, including without limitation statements under the heading “Management's Discussion and Analysis of Financial Condition and Results of Operations.” These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, competition from existing and future competitors in the highly competitive developing market in which we operate, failure to adapt our business model to keep pace with rapid changes in the recruiting and career services business, failure to maintain and develop our reputation and brand recognition, failure to increase or maintain the number of customers who purchase recruitment packages, cyclicality or downturns in the economy or industries we serve, the failure to attract qualified professionals to our websites or grow the number of qualified professionals who use our websites, the failure to successfully identify or integrate acquisitions, U.S. and foreign government regulation of the Internet and taxation, our ability to borrow funds under our revolving credit facility or refinance our indebtedness and restrictions on our current and future operations under our credit facility. These factors and others are discussed in more detail in the Company’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2010, under the headings “Risk Factors,” “Forward-Looking Statements” and “Management's Discussion and Analysis of Financial Condition and Results of Operations.”

You should keep in mind that any forward-looking statement made by us herein, or elsewhere, speaks only as of the date on which we make it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws. All statements contained in this presentation are made only as of the date of this presentation.

This presentation includes certain "Non-GAAP financial information." A reconciliation of such information to the most directly comparable GAAP data can be found in the Company’s most recent earnings release.

Look to Dice for Your Staffing SolutionsDice Holdings: Leading Specialty Career Sites

Global OnlineCompany withVertical Focus

TargetedRecruitment

Focused on Large, Diverse

Market

Traffic Rankingfor Key Dice

Brands

#1$3.5B

Look to Dice for Your Staffing SolutionsKey Brands

65%

Pro Forma Revenue

Contribution(1)

24%

8%

Technology & Clearance

Finance

Energy

U.S.

U.K. Base 18 Global Markets

U.S. & Dubai Bases

(1) Pro Forma Revenue Contribution includes annualized revenue contribution from Rigzone (acquired August 2010) and WorldwideWorker (acquired May 2010).

Look to Dice for Your Staffing Solutions

$21.5

$129.0

$110.0

$67.0

$155.0$143.9

$104.4

$52.1$49.6$68.0$62.5

$37.7

$0 .0$2 0 .0

$4 0 .0$6 0 .0$8 0 .0

$10 0 .0$12 0 .0$14 0 .0

$16 0 .0$18 0 .0

2 0 0 5PF 2 0 0 6 PF 2 0 0 7 2 0 0 8 2 0 0 9 2 0 10

($mm)

Note: Includes eFinancialCareers pre-acquisition; not adjusted for Energy acquisitions.

Consistently Delivering Strong Profitability

Margin % 32% 36% 44% 45% 45% 40%

Adjusted EBITDARevenues

Look to Dice for Your Staffing SolutionsToday’s Agenda

Vertical Advantage

Solid Financial Model

Favorable Market Dynamics

Growth Strategy


Post JobsSearch Resumes

AdvertiseNetwork

Recruiters & HR Vertical Focus

High ValueAudience

Efficient Reach

Pay-off

Strong ROI

Vertical Focus Leads to Superior Results

Look to Dice for Your Staffing SolutionsDice.com: Leading Tech Career Community

~2 millionUnique Visitors

per month

1/3rd ofTotal

Tech Pros

1+ million SearchableResumes

LargelyPassive

TechCommunityLeadership

>80%Traffic

Non-Paid

Source: Internal Reports

Look to Dice for Your Staffing SolutionseFinancialCareers: Leading Finance Career Community

~1 millionUnique Visitors

per month

~800,000 SearchableResumes

18Markets

Highly SkilledCommunity

52% have AdvancedDegrees

#1Financial

CareerCommunity

Sources: Internal Reports and UK community advanced degree data from NORAS March 2010

Look to Dice for Your Staffing SolutionsTwo Recent Acquisitions in Energy

• Serves Broader Energy Market

• 2009 Revenues ~$2 mm

• Acquired May 2010

• Dubai-based

• Serves Upstream Oil & Gas

• 2009 Revenues ~ $7.7 mm

• Acquired August 2010

• Houston-based

- Primarily International - Primarily U.S.

• ~125K Monthly Unique Visitors; ~450K Registered Users

• ~500K Monthly Unique Visitors; ~700K Registered Users

Source: Internal Reports


Vertical Advantage



Growth Strategy


InternationalNorth AmericaNotes: Dice Estimates;International does not include Africa, Middle East; 2010 growth rate reflects actual not rounded

Dice Holdings’ Estimate of the Global Marketfor Online Recruiting

(in billions)

Online Recruitment Advertising Returns to Growth

$1.7

$1.5 $1.7

$1.8

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

2009 2010

$3.2$3.5

7%

20% yr/yr 2011 N.A. Growth


0

200

400

600

800D

ec-0

0

Jun-

01

Dec

-01

Jun-

02

Dec

-02

Jun-

03

Dec

-03

Jun-

04

Dec

-04

Jun-

05

Dec

-05

Jun-

06

Dec

-06

Jun-

07

Dec

-07

Jun-

08

Dec

-08

Jun-

09

Dec

-09

Jun-

10

Dec

-10

Source: Bureau of Labor Statistics JOLTS Report

(in thousands)

Professional and Business ServicesNumber of Quits

Turnover is Increasing for Professionals

Avg.

Look to Dice for Your Staffing SolutionsTech & Finance Consistently Outperform

Unemployment Rates

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

11.0

Jan-04 Jul-04 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11

OverallFinancialTechnology

Source: Bureau of Labor Statistics; overall unemployment rate is seasonally adjusted – Technology and Finance are not seasonally adjusted


-100% +100%0%

Change in Dice Job Postings(Yr/Yr)

Tech Recruiting Strong Across Many Markets

Silicon Valley+41% yr/yr

Seattle+47% yr/yr

Washington+25% yr/yr

New York+24% yr/yr

Note: Based on percentage change in Dice.com job postings by state measured at March 1, 2011

Austin+44% yr/yr


-60%

-40%

-20%

0%

20%

40%

60%

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

Change in Dice Job Postings(Yr/Yr)

Note: Job postings measured at first business day of month as published in Dice Report and eFinancialCareers Insights

Recruiting Activity Gathers Momentum

Change in eFinancialCareers Global Job Postings

(Yr/Yr)

-60%

-40%

-20%

0%

20%

40%

60%

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

Look to Dice for Your Staffing SolutionsShare Shift from General to Targeted Media

Online Recruiting LeadersN.A. Quarterly Revenue Index

Sources: Company Reports; 3Q and 4Q 2010 excludes estimated HotJobs Revenues from Monster N.A. Revenues

Tech & Clearance Revenues Monster N.A. Revenues CareerBuilder N.A. Network Revenues

020406080

100120140160180

1Q 2

006

2Q 2

006

3Q 2

006

4Q 2

006

1Q 2

007

2Q 2

007

3Q 2

007

4Q 2

007

1Q 2

008

2Q 2

008

3Q 2

008

4Q 2

008

1Q 2

009

2Q 2

009

3Q 2

009

4Q 2

009

1Q 2

010

2Q 2

010

3Q 2

010

4Q 2

010

`

141

92

71

Look to Dice for Your Staffing SolutionsCompetitive Landscape Changing

Dice Holdings’ Estimate of the N.A. Market for Online Recruiting

$1.8 bn

Rest of MarketLeading Generalists’ Revenues

Likely Share Changes

• Generalists

Sources: Dice Estimates and Company Reports

• Niche/Specialists

• Social Networks

?• New Models


Vertical Advantage



Growth Strategy

Look to Dice for Your Staffing SolutionsStrong Growth Potential as Momentum Builds

Key Drivers

• Customer Growth

• Energy Vertical

• Geographic Expansion

Source: Dice Holdings Earnings Press Releases

Revenues

17%$110.0

$129.0

$0.0

$35.0

$70.0

$105.0

$140.0

2009 2010

($mm)


3/31/08

9,150

Peak

7,000

12/31/1012/31/09

5,900

Bottom

Benefitting from Customer Recovery…

Dice.com Recruitment Package Customers

Actual GoalSource: Dice Holdings Earnings Press Releases


$867$853 $849 $853$859 $854$836

$815 $808 $815 $825$839

Q1

2008

Q2

2008

Q3

2008

Q4

2008

Q1

2009

Q2

2009

Q3

2009

Q4

2009

Q1

2010

Q2

2010

Q3

2010

Q4

2010

Average Monthly Revenue per Dice.com Recruitment Package Customer

… and Higher Service Levels

$0

$800

$900

~~


…and Slightly Higher Pricing

Look to Dice for Your Staffing SolutionsDice.com’s Market Opportunity

Large Direct Hiring & Major Staffing, Recruiting &

Consulting Firms

Small-to-Mid Staffing, Recruiting & Consulting Firms

Small-to-Mid Direct Hiring Companies

% of Revenue

46%

16%

38%

Best Prospects

9,000

2,000

23,000

Look to Dice for Your Staffing SolutionsGrowing eFinancialCareers

2009 Revenues 2014 Target 2010 Incremental Revenues

$24

$18

$6

$12

EMEAUK

APAC NA

($ mm)

eFinancialCareers Revenues


West Texas Intermediate Spot Price – Monthly Average (1/2000 – 1/2011)

Demand for Oil & Gas (and Oil Price) Drives Employment

Infrastructure Investments will Require Talent

Approx. 20,000 Oil & Gas entities in the U.S. (~500 current customers )

Alternative Energy Initiatives should Add to Turnover

Opportunity in Energy Recruiting

Look to Dice for Your Staffing SolutionsMarket Expansion

eFC International eFC North America EnergyCurrent Dice Holdings


Vertical Advantage



Growth Strategy


$21.5

$129.0

$110.0

$67.0

$155.0$143.9

$104.4

$52.1$49.6$68.0$62.5

$37.7

$0 .0$2 0 .0

$4 0 .0$6 0 .0$8 0 .0

$10 0 .0$12 0 .0$14 0 .0

$16 0 .0$18 0 .0

2 0 0 5PF 2 0 0 6 PF 2 0 0 7 2 0 0 8 2 0 0 9 2 0 10

($mm)

Note: Includes eFinancialCareers pre-acquisition; not adjusted for Energy acquisitions.

Consistently Delivering Strong Profitability

Margin % 32% 36% 44% 45% 45% 40%

Adjusted EBITDARevenues


$0.0

$20.0

$40.0

$60.0

2009 2010

Quarterly Results: Growth Returns

Revenue

$0.0

$35.0

$70.0

$105.0

$140.0

2009 2010

($mm)

Margin % 45% 40%

($mm) ($mm)

Adjusted EBITDA Free Cash Flow

$0.0

$15.0

$30.0

$45.0

2009 2010

2Q1Q 3Q

+42%+49%

4Q

+103%

Look to Dice for Your Staffing SolutionsOur Model

- ~75% of Revenues under contract at the start of a quarter

- >80% under Annual Contract

- Matching Marketing Spend to Activity Levels

- Leverage in Cost of Revenues and G&A

- 40-45% Adjusted EBITDA margin long-term target

- Low Cap-Ex- Contracts Generally Paid in

Advance

Predictable Revenues

Free Cash Flow

Discretionary Expenses

High Margins


$0.0

$20.0

$40.0

$60.0

2006 2007 2008 2009 2010

Quarterly Free Cash Flow

Strong Free Cash Flow

1Q 2Q 3Q 4Q

$52.1

$38.1

$50.2

$19.8

$42.4

Look to Dice for Your Staffing SolutionsLong-Term Growth Expectations

2010Total Revenue $ 110.0

2009$ 129.0 $ 172.0

2011E

Margin

EBITDA

45%

$ 49.6

40%

$ 52.1

41%

2010-2014 CAGR ~20% with 40-45% EBITDA Margins

$ 71.0

Note: 2011 estimated financial performance as detailed in 4Q and full year 2010 earnings release

Yr/Yr Growth 17% 33%

Look to Dice for Your Staffing SolutionsExpectations For Growth

Overall Assumptions

• Gradual Employment Recovery

• Employee Turnover Increases


Revenues

17%$110.0

$129.0

$0.0

$35.0

$70.0

$105.0

$140.0

2009 2010

($mm)

Look to Dice for Your Staffing SolutionsDice Holdings Highlights

Vertical Focus = Strong Competitive Advantage

Small Share of Large Global Market

Sizeable Growth Opportunities for Technology, Finance and Energy Verticals

Excellent Margins coupled with Strong Cash Generation

Scot MellandChairman, President & CEO

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