Globe International Limited · ASX:GLB

Globe International — FY2009 Earnings Presentation

11 slides from Globe International's earnings presentation, Aug 25, 2009

1. Slide 1: Globe International Limited - FY2009

   GLOBE INTERNATIONAL LIMITED - FY2009 For personal use only

2. Slide 2: FY2009 Full Year Summary

   FY2009 Full Year Summary For personal use only Globe International Limited • Public company listed on the Australian Securities Exchange (GLB) • Branded international boardsports, footwear and apparel company FY2009 FY2008 ¾Revenue $ 117.6m $ 122.3m ¾Net Loss after tax ($ 8.9m) ($ 24.6m) ¾Net Cash $

3. Slide 3: FY2009 Full Year Summary: The Turnaround Continues

   FY2009 Full Full 2007/2008 YearYear Summary Summary For personal use only FY2009 FY2008 Change Net Sales (1) $ 116.9m $ 120.7m - 3.1% Gross Margin % 46.0% 50.5% - 4.5 pts Cash flows from operations $ 6.7m ($ 3.0m) + $9.7m (1) In constant currency terms, net sales are down on the prior period by 14%

4. Slide 4: Significant Items After Tax

   FY2009 Full Year 2007/2008 Summary Full Year Summary For personal use only Significant Items After Tax - $6.5m • One-off costs of restructuring $3.2m ($2.2m net of tax) Predominantly relates to the one-off costs associated with redundancies in all regions and retail store closures in Australia. • De

5. Slide 5: Highlights

   FY2009 Full Full 2007/2008 YearYear Summary Summary For personal use only Highlights ƒ Profit turn-around in second half reduces the loss reported for the first half ƒ Major rationalisation of the cost base resulting in excess of $15 million per annum cut from operating costs ƒ Financing arrangement

6. Slide 6: FY2009 Second Half profit reported

   FY2009 Full Full 2007/2008 YearYear Summary Summary For personal use only FY2009 Second Half profit reported H1 H2 FY2009 Net Sales $ 60.1 $ 56.8m $ 116.9 Gross Margin % 46.3% 45.0% 46.0% Profit/ (Loss) After significant items EBITDA ($ 5.7m) $ 1.2m ($ 4.5m) NPAT ($ 9.3m) $ 0.4m ($ 8.9m) 6 THE TURNA

7. Slide 7: Australia & New Zealand

   FY2009 Full Full 2007/2008 YearYear Summary Summary For personal use only Australia & New Zealand ƒ Net Sales, adjusted for retail store closures, down by 4% ƒ Impacted by soft hardgoods market ƒ Globe branded sales up by 6% ƒ Retail exit predominantly complete ƒ EBITDA profit reported for full year

8. Slide 8: North America

   FY2009 Full Full 2007/2008 YearYear Summary Summary For personal use only North America ƒ Net Sales down by 20% in local currency ƒ Heavily impacted by market conditions ƒ EBITDA turn-around in second half ƒ Second half profit of A$0.9m after first half loss of A$1.6m ƒ Profit growth achieved throug

9. Slide 9: Europe

   FY2009 Full Full 2007/2008 YearYear Summary Summary For personal use only Europe ƒ Net sales down by 7% in local currency ƒ Hardgoods continue to show solid growth in new direct markets ƒ The level of Globe branded sales decline reduced in second half, compared to prior corresponding period. ƒ EBITD

10. Slide 10: FY2010 Overview

    FY2009 Full Full 2007/2008 YearYear Summary Summary For personal use only FY2010 Overview Financial stability The focus on costs, cash flows, access to funding and working capital will continue into FY2010. While conditions are currently stable, the business is now in an improved position to react t

11. Slide 11: Global Brands

    Global Proprietary 2007/2008 Brands Full Year Summary For personal use only 11 GLOBAL BRANDS

Globe International — FY2009 Earnings Presentation on 6ix