Slide 1: Results for the half year ended 31 December 2014
For personal use only GALE PACIFIC Results for the half year ended 31 December 2014
Slide 2: Half Year FY15 Summary
Half Year FY15 Summary For personal use only Sales increased by 11% on previous corresponding period to A$67.4 Million Sales growth across all business segments EBIT decline due to Australian results, relating to supply chain challenges One-off cost of A$2.5 Million relating to relaunch of Pool Fenc
Slide 3: Half Year FY15 Summary
Half Year FY15 Summary For personal use only Half Year to Half Year to 31 Dec ’14 31 Dec ’13 % Variance A$M’s A$M’s Sales revenue 67.4 60.9 11 Underlying EBITDA 4.5 7.3 (38) Underlying EBIT 1.6 4.6 (65) Underlying profit before tax 0.7 4.1 (83) Underlying profit after tax 1.1 3.5 (69) Statutory prof
Slide 4: Regional Business Results
Regional Business Results For personal use only Sales Underlying EBITDA $ Million Half Year to Half Year to Change Half Year to Half Year to Change 31 Dec’14 31 Dec’13 % 31 Dec’14 31 Dec’13 % Australasia A$ 48.6 43.8 11% 1.3 4.2 (69%) Americas US$ 8.9 8.9 - (0.5) (0.3) (67%) Middle East US$ 5.7 5.4
Slide 5: Australasia
Australasia For personal use only Sales revenue increased 11% to A$48.6 Million over the corresponding previous period Pool Fence and Balustrade relaunch under Everton brand completed effectively Window furnishings range relaunch under Zone Interiors completed successfully. Range refreshed and non-p
Slide 6: Everton Launch
Everton Launch For personal use only Transformation of non-performing Highgrove Pool Fence and Balustrade program to a new brand, Everton Conversion was completed effectively and now positions this category for growth
Slide 7: Zone Interiors Launch
Zone Interiors Launch For personal use only Conversion of Zone Hardware window furnishings program to a new Zone Interiors brand Introduced a new fashionable range with more effective and stylish packaging
Slide 8: Digital
Digital For personal use only Investment in new websites with greater functionality to support the major brands of the business www.everton.com.au www.zoneinteriors.com.au The company believes digital is the most cost-effective way to support consumers in product and brand consideration
Slide 9: Supply Chain
Supply Chain For personal use only Two warehouses closed with further plans for consolidation First steps in building a global supply chain model with the aim of reducing inventory while improving service levels
Slide 10: The Americas
The Americas For personal use only Sales revenue largely consistent with the corresponding previous period at US$8.9 Million Strong growth in commercial sector (18%) to US$1.8 Million Strong growth in custom window shades (25%) to US$1.6 Million Plans commenced to extend custom window shade manufact
Slide 11: Middle East
Middle East For personal use only Sales revenue increased 6% to US$5.7 Million over the corresponding previous period EBITDA increased 18% to US$1.3 Million over the corresponding previous period New sales resources to accelerate growth in Saudi Arabia – a large and important shade market in the reg
Slide 12: China
China For personal use only EBITDA up 5% to US$4.0 Million over the corresponding previous period Strong performance with record yield levels Waste levels at a record low New plant equipment commissioned to increase capacity to support growth
Slide 13: International
International For personal use only Sales revenue increased 75% to US$2.1 Million over the corresponding previous period Strategy to focus on core markets and core product categories being implemented Recruitment of International Sales Leader commenced
Slide 14: Growth & Business Improvement Strategy
GROWTH & BUSINESS IMPROVEMENT STRATEGY The company is pleased to report that the specific initiatives that underpin these strategies are all in process and some are complete. Though the company is only in the early days of implementation, considerable progress has been For personal use only made. Le
Slide 15: Key 2nd Half Actions
Key 2nd Half Actions For personal use only Inventory Reduction – especially Australia Effective USA ERP system Implementation – March 2015 Appoint International Sales leader & implement focused sales plan Secure new category opportunities in Australia Focus & accelerate new product development in co
Slide 16: Outlook
Outlook For personal use only Australian market conditions are expected to remain challenging with continued pressure on margins as a result of the strengthening of the US dollar. Initiatives in place to address margin pressures. The company will continue its working capital improvement initiatives
Slide 17: About Gale Pacific
About Gale Pacific For personal use only GALE Pacific is a leading manufacturer and marketer of shading, screening and home improvement products. The company is Australian-based with operations in the USA, Middle East, China and New Zealand. The company employs approximately 800 people. The company