Giordano International Limited · HKEX:709

Giordano International — Q3 2017 Earnings Presentation

8 slides from Giordano International's earnings presentation, Nov 9, 2017

  1. Slide 1: 2017 Third Quarter Operations Update

    2017 Third Quarter Operations Update  9 Nov 2017

  2. Slide 2: Overview

    Overview  Group sales +3.6% in Q3 (+6.4% in Jun-Sep, neutralized early Ramadan impact).  Stable CSS growth YOY, Jan-May +2.7%; Jun-Sep +5.4%.  GP% -0.3pp due to change in channel mix and selective sales promotions.  ITOC was 92 days, +16 days from last year due to contingent plan for Golden Week

  3. Slide 3: Group Sales by Region

    Group Sales by Region % change % change translated at translated at current constant current constant exchange exchange YTD YTD exchange exchange (In HK$ million) 3Q17 3Q16 rates rates Sep-17 Sep-16 rates rates Rest of Asia Pacific 355 334 6.3% 5.4% 1,060 992 6.9% 6.8% Mainland China 281 270 4.1% 2.

  4. Slide 4: Gross Profit Variance Analysis by Region

    Gross Profit Variance Analysis by Region 3Q16 Translational 3Q17 gross Product Selling Vietnam exchange gross (In HK$ million) profit costs prices Volume acquisition impact Misc. profit Rest of 203 (1) (5) 3 12 2 (3) 211 Asia Pacific HK & Macau 147 4 (23) 21   (1) 148 Mainland China 140 2 (11) 9 

  5. Slide 5: System inventory

    System inventory ITOC at 92 days, +16 days YOY due to contingent plan for Golden Week and early preparation for Singles’ Day events for e-business. As at Sep 30 Dec 31 Sep 30 YOY (In HK$ million) 2017 2016 2016 % change Inventories held by the Group 527 447 424 24.3% Inventories held by 48.5% South

  6. Slide 6: Summary of Total Sales

    Summary of Total Sales Change translated at Change translated at current constant current constant exchange exchange YTD YTD exchange exchange (HK$ millions) 3Q17 3Q16 rates rates Sep-17 Sep-16 rates rates Mainland China 281 270 +4% +3% 886 907 -2% Flat Hong Kong & Macau 224 217 +3% +3% 697 674 +3%

  7. Slide 7: Summary of CSS and CSGP Changes

    Summary of CSS and CSGP Changes CSS CSGP YTD YTD YTD YTD 3Q17 3Q16 Sep-17 Sep-16 3Q17 3Q16 Sep-17 Sep-16 Mainland China 8% (6%) 6% (3%) 9% (6%) 7% (2%) Hong Kong & Macau 5% 3% 5% 1% 3% 5% 5% 2% Taiwan 6% (5%) (4%) (4%) 9% (3%) 1% (4%) Rest of Asia Pacific (1%) (1%) 4% 3% (2%) Flat 5% 3% Singapore Fl

  8. Slide 8: Store Portfolio at September 30

    Store Portfolio at September 30 Store numbers Retail floor space (sq. ft. in thousand) 2017 2016 2017 2016 Retail & Distribution Mainland China Franchised stores 576 546 450 441 Directly operated stores 326 358 265 301 Rest of Asia Pacific Indonesia 248 235 308 294 Thailand 155 154 107 102 Malaysia

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