Interim Resultsfor the half year ended 30 June 2017

28 July 2017

Disclaimer

This presentation may contain forward-looking statements, including ‘forward-looking statements’ within

the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking

statements are based upon current expectations and assumptions regarding anticipated developments and

other factors affecting the Group. They are not historical facts, nor are they guarantees of future

performance. Because these forward-looking statements involve risks and uncertainties, there are

important factors that could cause actual results to differ materially from those expressed or implied by

these forward-looking statements. Further details of potential risks and uncertainties affecting the Group

are described in the Group’s filings with the London Stock Exchange including the Prospectus. These

forward-looking statements speak only as of the date of this presentation.

This presentation and a press release will be posted on the investor section of the Rightmove website.

2

Highlights

1. Before share-based payments and NI on share-based incentives 2. Before share-based payments, NI on share-based incentives and no related adjustment for tax3. For Agency and New Homes customers

Revenue up to £119.5m(2016: £107.9m)

+11%

Revenue:

Underlying operating profit1

increased to £91.0m (2016: £82.3m)

+11%

Profit:

Underlying basic EPS2

grew to 80.3p (2016: 70.3p)

+14%

EPS:

Interim dividend increased by 3.0p to 22.0p (2016: 19.0p) per ordinary share

+16%

Dividend:

All free cash flow returned to shareholders through dividends and buybacks (2016: £66.0m)

£72.0m

Cash returned:

As at 30 June 2017, up 1%(31 December 2016: 20,121)

20,358

Advertisers3:

Time in minutes for 6 months to 30 June 2017 (2016: 6.3bn)

6.2bn

Site traffic:

Per month, up 10% (2016: £830)

£911

ARPA3:

3

Revenue

Revenue

£ m

illio

ns

167.0

192.1

220.0

107.9

119.5

0

25

50

75

100

125

150

175

200

225

2014 2015 2016 H1 2016 H1 2017

4

Revenue bridge

Revenue HY 2016

ARPA growth

Customer growth

Revenue HY 2017

Growth in other revenue

107.9

9.9 1.3 0.4 119.5

Costs and profit

1. Before share-based payments and NI on share-based incentives. Source: Rightmove

Underlying operating profit1

124.6

144.3

166.2

82.3

91.0

0

20

40

60

80

100

120

140

160

180

2014 2015 2016 H1 2016 H1 2017

£ m

illio

ns

74.6% 75.1% 75.5% 76.3% 76.2%Margin:

5

Costs1

42.4

47.8

53.8

25.6

28.5

0

10

20

30

40

50

60

2014 2015 2016 H1 2016 H1 2017

£ m

illio

ns

Income statement

Source: Rightmove

6 months ended30 June 2017

£m

6 months ended30 June 2016

£m

Revenue 119.5 107.9

Operating costs (28.5) (25.6)

Underlying operating profitUnderlying operating profit margin

91.076.2%

82.376.3%

Share-based payments (2.7) (1.9)

NI on share-based incentives (0.7) 0.2

Operating profit 87.6 80.6

Net financial expense (0.1) (0.1)

Profit before tax 87.5 80.5

Tax (16.8) (15.9)

Profit for the period 70.7 64.6

6

Balance sheet

Source: Rightmove

As at 30 June 2017

£m

As at 30 June 2016

£m

Property, plant and equipment 2.5 2.5

Intangible assets 3.7 3.5

Deferred tax assets 7.4 6.8

Total non-current assets 13.6 12.8

Trade and other receivables 34.5 31.3

Cash and money market deposits 17.6 13.3

Total current assets 52.1 44.6

Trade and other payables (38.7) (34.2)

Income tax payable (16.8) (16.2)

Total current liabilities (55.5) (50.4)

Provisions being non-current liabilities (0.5) (0.3)

Net assets 9.7 6.7

Share capital 0.9 1.0

Other reserves 0.5 0.5

Retained earnings 8.3 5.2

Total equity 9.7 6.7

7

Cash bridge and dividendHalf year 2017

Source: Rightmove

• £72.0m (2016:£66.0m) returned to shareholders in the period

• 1.0m (2016: 1.0m) shares bought back and cancelled

• Closing cash and money market deposits of £17.6m (31 Dec 2016: £17.8m)

• Interim dividend increased by 3p to 22p (2016: 19p)

8

17.6

Cash YE2016

EBITDA before IFRS2

Working capital

Cash HY2017

DividendsShare buyback (including cost)

CapexTax payments

Stable housing market transaction volumes

Source: 1. HMRC England and Wales 2. Rightmove9

-40%

-20%

0%

20%

40%

60%

80%

100%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Housing Transactions vs 20151

2016 2017

-30%

-20%

-10%

0%

10%

Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17

Sold Subject to Contract vs 20152

Stable demand, restricted supply

10

For the period 11th June – 9th July

Plethora of sold boards restrict choice as buyer demand remains strong

• New seller asking prices up 0.1% (+£312) as we enter quieter holiday season

• Fundamentals remain good mid-year with robust demand, low interest rates and low unemployment:• Sales agreed numbers strong year-to-date in 2017• Highest proportion of properties marked as sold

than at any time in the last seven years• Buyer choice restricted as supply fails to keep pace

with strong sales and buyer demand

• Stretched buyer affordability acting as price brake with national average at +2.8%; buyers very price sensitive and some properties hitting their price ceiling

£250,000

£260,000

£270,000

£280,000

£290,000

£300,000

£310,000

£320,000

£330,000

Jan

-15

Mar

-15

May

-15

Jul-

15

Se

p-1

5

No

v-1

5

Jan

-16

Mar

-16

May

-16

Jul-

16

Se

p-1

6

No

v-1

6

Jan

-17

Mar

-17

May

-17

Jul-

17

National Average Asking Price

Making home moving easier in the UK

The three pillars of our strategy:

• The place consumers ‘turn to first’ and engage with most

• Offer unrivalled exposure, leads and products for our customers

• Innovate to create a better marketplace

11

Our aim is to create a more transparent and efficient property marketplace

More customers, more choice, a better marketplace

19,304

19,752

20,121

19,981

20,358

18

19

20

21

2014 2015 2016 2016 H1 2017 H1

Th

ou

san

ds

• Record customer numbers with Agency and New Homes customers up 237 (+1%) since the start of 2017 to 20,358

• Agency up 127 and New Homes Developments up 110

• Customers advertising 1.1 million UK residential properties on Rightmove

• We continue to be the only place to see virtually the whole UK property market with a third more UK residential properties than any other portal1

12 Source : 1. Morgan Stanley Alphawise Research July 2017

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

Rightmove Zoopla.co.uk Primelocation onTheMarket

The place consumers ‘turn to first’ and engage with most

Sources: 1. Google Analytics & Rightmove 2. Comscore13

Market share of top 4 property portals2

Time1

10.211.1 11.7

6.3 6.2

0

2

4

6

8

10

12

2014 2015 2016 H1 2016 H1 2017

Bill

ion

s o

f M

inu

tes

Visits1

1.1

1.3

1.5

0.77 0.79

0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

2014 2015 2016 H1 2016 H1 2017

Bill

ion

s

through restless development…

14

‘Where can I live?’ - The power of data offering home hunters help when their inspiration has run dry

…innovation and experimentation

15

RentLondonApp

RentLondonMessenger Bot

Offering unrivalled exposure, leads and products

Outcomes from Rightmove leads2

(proportion of Sales and Lets from portals)

Sources: 1. Rightmove 2.Independent software provider

Leads1

Mill

ion

s

16

79%

84%

86%

85%

87%

70%

75%

80%

85%

90%

2014 2015 2016 H1 2016 H1 2017

Whilst helping our customers be more efficient

42.8

49.8

46.8

25.7

23.4

0

10

20

30

40

50

2014 2015 2016 H1 2016 H1 2017

ARPA

Optimiser sales

1. Agency and New Homes customers.

£ p

er

off

ice

/de

ve

lop

me

nt

pe

r y

ear

0

2,000

4,000

6,000

8,000

10,000

12,000

2014 2015 2016 H1 2016 H1 2017

• ARPA1 up £81(+10%) to £911 per month per office/development (2016: £830)

• ARPA driven by product growth and pricing

• More product penetration driven by our packages, including continued uptake of our highest value Optimiser package

• Optimiser continues to average more than £500 uplift

£684£754

£842 £830

£911per month

…leading to customers choosing to spend more

17

0

500

1000

1500

2000

2500

H2 2015 H1 2016 H2 2016 H1 2017

Pe

rce

nta

ge

of

Ind

ep

en

de

nt

Est

ate

Ag

en

cy O

ffic

es

Total spend per month

Customers choosing to spend more

Source: Rightmove18

January 2010 January 2012 January 2014 January 2017 June 2017

£1000/m+

41%

36%

9%

4%

£1500/m+

12%

10%

1%

1%

The power of data to drive efficiency

Rightmove Discover – Predictive targeting for agents

Rightmove Active – Finding audiences for New Homes developers beyond Rightmove

19

• Extends an email campaign by using our data to target Facebook users

• Drives engagement to our customers’ websites and social platforms which is important for their brand strategies

• Extending the targeting across media makes the advertising at least a third more efficient.

• The Outside View predictive analytics product was launched exclusively to our Optimiser customers in July as Rightmove Discover

• In testing Discover was at least 2.5 times more efficient than the equivalent offline marketing option.

24 Acacia Avenue

OptimiserEnhanced

Simplifying and segmenting gives clear focus for future growth

20

Established customers

Market leaders and challengers

Rising stars

Optimiser + Rightmove Discover

EssentialEssential + ‘a la carte’ products

Packages for independent Agency customers

Summary

• Record customer numbers

• Over one million UK residential properties on Rightmove which is a third more than any other portal

• Continued development of the consumer proposition

• Continued investment in software tools, data and support to help customers be more efficient

• Confident of delivering expectations for the full year

21

Interim Resultsfor the half year ended 30 June 2017

28 July 2017

APPENDIX

Key performance indicators

1. Growth in H1 compared to the previous financial year end position

Source Rightmove

+10 FY 2014 FY 2015 FY 2016 H1 2016 H1 2017

Period end membership- Agency offices 16,843 17,336 17,462 17,534 17,589

- New home developments 2,461 2,416 2,659 2,447 2,769

Total 19,304 19,752 20,121 19,981 20,358

Growth +5% +2% +2% +1%1 +1%1

- Overseas advertisers 2,057 2,581 2,476 2,664 2,548

ARPA- Agency 648 715 801 789 865

- New home developments 943 1,020 1,126 1,120 1,210

Total 684 754 842 830 911

Growth +13% +10% +12% +12% +10%

- Overseas advertisers 174 183 200 207 208

Retention rate- Agency (% of agents at start still listing at end of period) 91% 89% 89% 95% 94%

- New home developments (monthly churn rate) 6.5% 5.2% 6.3% 5.9% 5.8%

- Overseas advertisers (monthly churn rate) 6.8% 6.5% 7.4% 6.3% 7.2%

23

Revenue sources

Source: Rightmove

H1 2017 H1 2016

Agency 76% 77%

New Homes 16% 15%

Other 8% 8%

H1 2017percentage of revenue

H1 2016percentage of revenue

24

Capital Structure

Source: Rightmove

Share capitalHY 2017

mHY 2016

m

In issue at 1 January 95.5 97.7

Purchase and cancellation of own shares (1.0) (1.0)

Total issued share capital 94.5 96.7

Shares held in treasury (2.2) (2.3)

Voting rights share capital 92.3 94.4

Own shares held by the EBT/SIP (0.4) (0.4)

Number of shares entitled to a dividend 91.9 94.0

Weighted average number of sharesNumber of shares entitled to a dividend b/fwd 92.8 95.0

Effect of share buybacks (0.5) (0.6)

Effect of share-based incentives exercised 0.1 -

Number of shares used in basic EPS calculation 92.4 94.4

Dilutive impact of share-based incentives outstanding 1.0 1.0

Number of shares used in diluted EPS calculation 93.4 95.4

25