Slide 1: Results Presentation for the year ended 30 June 2007
GLG CORP LTD For personal use only Results Presentation For the year ended 30 June 2007 1
Slide 2: Financial Year Highlights
Financial Year Highlights For personal use only Sales up 11.5% to US$220.6 million. GLG Corp Ltd NPAT Resultsof US$8.1 million (down 13.1% from 2006.) Half-Year DPS of USEnded 31 December 6.2 cents 2005 YIELD 11.5%. EPS of US 10.9 cents. PER 4.9x. NTA per share US 31.8 cents. Up 22.9% Success in new
Slide 3: Financial Highlights
Financial Highlights For personal use only FY 07 FY 06 % GLG Corp Ltd change Results Revenue (US$ Ended Half-Year million)31 December 2005 220.6 197.8 11.5 Gross Profit (US$ million) 21.6 19.6 10.2 EBITA (US$ million) 10.2 11.4 (10.5) NPAT (US$ million) 8.1 9.3 (13.1) EPS (US cents per share) 10.89
Slide 4: Financial Update
GLG Corp Ltd For personal use only GLG Corp Ltd Financial Update Results 30 Half-Year June 2007 Ended 31 December 2005 GK Soh - Chief Executive Officer Eu Mun Leong - Chief Financial Officer 6-7 March 2006 4 A Global Textile & Apparel Supply Chain Manager
Slide 5: Consolidated P&L Analysis: Full-year ended June 2007
Consolidated P&L Analysis: Full-year ended 30 June 2007 For personal use only 30 June 30 June % 2007 2006 change US$ million US$ million Revenue 220.6 197.8 11.5% Cost of Sales (199.0) (178.2) (11.7)% Gross profit 21.6 19.6 10.2% Other Income 2.0 2.3 (13.0)% Distribution expenses (1.3) (1.1) (18.2)%
Slide 6: Balance Sheet Analysis: Summary
Balance Sheet Analysis: Summary Consolidated P&L Analysis: 30 Jun 2007 30 Jun 2006 Variance Half-year ended US$ million31 December 2005 For personal use only US$ million CURRENT ASSETS Cash 2.5 5.1 (51.0)% Trade Receivable Proforma Varience % In A$ million at a AUD/USD exchange rate of 0.73 Varienc
Slide 7: Balance Sheet Analysis: Liquidity & Gearing Ratios
Consolidated P&L Analysis: Balance Sheet Analysis: Half-yearLiquidity & Gearing ended 31 December 2005 Ratios For personal use only 30 Jun 2007 30 Jun 2006 In A$ million at a AUD/USD exchange rate of 0.73 Proforma VarienceCurrent % Asset Ratios Varienc (For illustration purposes only. 31 December 31
Slide 8: Cash Flow Statement
Cash Flow Statement Consolidated P&L Analysis: Half-year ended 31 December Results: Full-year ended 30 June 2007 2007 2005 2006 For personal use only US$m US$m Receipts from customers 223.4 194.4 Payments to suppliers and employees (210.1) (185.3) Interest paid Proforma In A$ million at a AUD/USD Va
Slide 9: Management Update
GLG Corp Ltd For personal use only GLG Corp Ltd Update Management Results 30 Half-Year June 2007 Ended 31 December 2005 GK Soh - Chief Executive Officer Eu Mun Leong - Chief Financial Officer 6-7 March 2006 9 A Global Textile & Apparel Supply Chain Manager
Slide 10: GLG Corp Ltd Management Structure
GLG GLG Corp Corp Ltd Ltd Management Structure Management For personal use only Board Executive Chairman/ CEO Estina Ang Suan Hong Chief Product Sourcing and Business Group CFO Chief Marketing Officer Development Eu Mun Leong Surina Gan Meng Hui Officer Agnes Ng Moi Ngw 10
Slide 11: Management Update
GLG GLG Corp Corp Ltd Ltd Management Update Management For personal use only Looking to strengthen management team Looking for skills to support acquisitions 11
Slide 12: Sales and Operations Update
GLG Corp Ltd For personal use only GLG Corp Sales andLtdOperations Update Results 30 Half-Year June 2007 Ended 31 December 2005 GK Soh - Chief Executive Officer Eu Mun Leong - Chief Financial Officer 6-7 March 2006 12 A Global Textile & Apparel Supply Chain Manager
Slide 13: GLG Corp Ltd – Key Metrics
GLG CORP LTD – KEY METRICS For personal use only GLG Corp Ltd Revenue 100% Results GrossHalf-Year Profit Ended 31 December 2005 9.5% Administrative and other costs 5.5% to 6.0% NPAT 3.5% to 4.0% • Supply chain manager • Knitwear Specialist - Chief Executive Officer GK Soh • Long term customer relati
Slide 14: Marketing & Sales Strategy Updates
Marketing & Sales Strategy Updates For personal use only Focus Specialty Retailers & Department Stores National Brands Non US Customers Customer and Product Specific Fabric development/sourcing Specialty wash finishes Dedicated teams for each customer or customer group 14
Slide 15: Growth from New Customers in Specialty Stores, Department Stores and Brands
Growth from New Customers in Specialty Stores, Department Stores and Brands For personal use only Customer Revenue 2007 Lands End $ 0.3 mil Phillips-Van Heusen (PVH) $ 3.7 mil Hanes Brands $18.8 mil Belk Department Stores $ 4.1 mil Saks Department Stores $ 3.1 mil GAP $ 0.6 mil Exceeded budgeted US$
Slide 16: Outlook and Prospects
GLG Corp Ltd For personal use only GLG Corpand Outlook Ltd Prospects Results 30 Half-Year June 2007 Ended 31 December 2005 GK Soh - Chief Executive Officer Eu Mun Leong - Chief Financial Officer 6-7 March 2006 16 A Global Textile & Apparel Supply Chain Manager
Slide 17: Marketplace and Implications
Marketplace and Implications For personal use only Intense price competition especially in the mass merchant channel GLG Corp Ltd Reduce exposure in mass merchant channel Results Half-Year Ended 31 December 2005 Increase specialty retailers Decline in average price per unit. Rebalancing – more summe
Slide 18: Marketplace and Implications
Marketplace and Implications For personal use only End of voluntary quotas for Chinese sourced products in 2008 leading to some uncertainty GLG Corp Ltd Pan Asian Sourcing Results Half-Year Ended 31 December 2005 Weakness of US dollar Partial Hedging Reducing non-US$ exposure GK Soh - Chief Executiv
Slide 19: Sales Bookings and Shipments Update (US$ Million)
Sales Bookings and Shipments Update (US$ Million) For personal use only FY 07 FY 08 Remarks Actual Sales Sales Bookings Jul – Sep Q1 58.9 63.5 Bookings 100% complete 65% of Bookings Shipped Oct – Dec Q2 68.1 51.7 Bookings continuing Total 127.0 115.2 19
Slide 20: Outlook & Prospects - Summary
Outlook & Prospects - Summary For personal use only Self Assessment Existing Customers B New Customers A Value Add and Design & Development A Sourcing Capacity B Dividend payout A Management: Build bench strength C Corporate Governance B Expand through acquisition C 20
Slide 21: Outlook & Prospects - Summary
Outlook & Prospects - Summary For personal use only Acquisitions & Corporate Actions Woven SCM Reviewing Sourcing – Indonesia & India Negotiation & Developing Private Label Development Developing China & HK – strategic alliance Developing Listing on SGX Discussions 21
Slide 22: Significant Issues
Significant Issues For personal use only Strengthening Management Acquisition Strategy Secondary Listing & liquidity To achieve 2007/08 Budget – Sales USD$240 million, NPAT USD$9 million+ 22
Slide 23: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements For personal use only This presentation may contain statements regarding the business of GLG Corp Limited and its subsidiaries (‘Group’) that are of a forward looking nature and are therefore based on management’s assumptions about future developments. S
Slide 24: Thank You
For personal use only Thank You 24 A Global Textile & Apparel Supply Chain Manager