Glg Corp Ltd · ASX:GLE
Glg — Shareholder Meeting (November 2018)
33 slides from Glg's shareholder meeting presentation, Nov 21, 2018
Slide 1: GLG Corp Ltd Annual General Meeting
GLG CORP LTD For personal use only Annual General Meeting LEVEL 11, 1 MARGARET STREET SYDNEY 11:00am Sydney Time 12th November 2018 WELCOME
Slide 2: 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 3: Board of Directors, Exec & Auditor
Board of Directors, Exec & Auditor For personal use only Members of The Board • Estina Ang Suan Hong – Executive Chairman & CEO • Christopher Chong – Lead Independent Director • Shane Hartwig – Independent Director • Felicia Gan – Executive Director, Chief Marketing Officer Company Secretary Alistai
Slide 4: Agenda of AGM
Agenda of AGM For personal use only Director’s Review Outlook and Prospects Annual Report Resolutions Any Other Business
Slide 5: Director's Review
For personal use only Director’s Review
Slide 6: Income Statement FY2018 vs FY2017
Income Statement FY2018 vs FY2017 For personal use only GLG Corp Ltd FY2017 FY2018 Income Statement US’000 US’000 % Change Sales 156,041 180,606 16% Cost of sales (134,570) (155,326) 15% Gross Profit 21,471 25,280 18% Other Operating Income 344 1,118 225% Selling & Distribution Expenses (3,410) (6,2
Slide 7: Revenue by Key Customers
Revenue by Key Customers FY2018 vs FY2017 For personal use only FY 2017 FY 2018 Variance Variance % Sales from Top 10 Customers US’000 US’000 US’000 US’000 MACY'S 48,736 49,513 777 +2% WAL-MART USA 48,146 57,375 9,229 +19% WAL-MART CANADA 31,150 34,151 3,001 +10% AEROPOSTALE 10,976 17,504 6,609 +61%
Slide 8: Revenue for FY2018 By Quarter
Revenue for FY2018 By Quarter - Value and Unit Price For personal use only FY2018 Revenue by Average price Quarter Sales Dozen per dozen US$ million US$ million US$ 1Q: Jul-Sep 2017 45.2 1.4 32.29 2Q: Oct-Dec 2017 43.3 1.4 30.93 3Q: Jan-Mar 2018 41.2 1.3 31.69 4Q: Apr-Jun 2018 50.9 1.6 31.81 Grand T
Slide 9: Full Year Performance FY2018 vs FY2017
Full Year Performance FY2018 vs FY2017 GLG Corp Ltd For personal use only Revenue & Gross Profit (US$K) GP% Revenue GP GP% 200,000 14.05% 180,606 180,000 14.00% 14.00% 160,000 156,041 13.95% 140,000 13.90% 120,000 13.85% 100,000 13.80% 80,000 13.76% 13.75% 60,000 40,000 13.70% 21,471 25,281 20,000 1
Slide 10: Cost below Gross Margin Analysis
Cost below Gross Margin Analysis FY2018 vs FY2017 FY2017 FY2018 For personal use only % Change US’000 US’000 Selling & Distribution Expenses (3,410) (6,252) -83% Administrative Expenses (10,244) (11,614) -13% Other Operating Expenses (2,469) (2,649) -7% Finance cost (1,215) (2,077) -71% • Higher sel
Slide 11: Financial Highlights of FY2018
For personal use only Financial Highlights of FY2018
Slide 12: Operational Highlights of FY2018
For personal use only Operational Highlights of FY2018
Slide 13: Operational Highlights of FY2018
For personal use only Operational Highlights of FY2018
Slide 14: Operational Highlights of FY2018
For personal use only Operational Highlights of FY2018
Slide 15: Operational Highlights of FY2018
For personal use only Operational Highlights of FY2018
Slide 16: Factory Highlights of FY2018 - Maxim Malaysia Fabric Mill
Factory Highlights of FY2018 MAXIM MALAYSIA – FABRIC MILL For personal use only
Slide 17: Factory Highlights of FY2018
For personal use only Factory Highlights of FY2018
Slide 18: Factory Highlights of FY2018
For personal use only Factory Highlights of FY2018
Slide 19: Factory Highlights of FY2018
For personal use only Factory Highlights of FY2018
Slide 20: Outsourced Manufacturing Partner
For personal use only * Outsourced Manufacturing Partner
Slide 21: Marketplace Update & Outlook
For personal use only Marketplace Update & Outlook
Slide 22: Marketplace Update
Marketplace Update Sears Holdings has filed for Chapter 11 For personal use only bankruptcy and will close 142 unprofitable Sears and Kmart stores near the end of 2018. Critics have doubts about long-term viability of both brands Traditional department stores continue to face heavy competition from
Slide 23: Marketplace Update
Marketplace Update J. Crew announced in March, that it plans to close 20 stores in 2018, after shutting down 50 For personal use only stores during their fiscal 2017. The retailer says it is seeing results in its most important business — women’s apparel — but the company is only in the beginning st
Slide 24: Marketplace Update
Marketplace Update Optimistic Economic Outlook for Retail Industry in 2018/2019 for these reasons: For personal use only ❑ U.S. economy likely to continue to grow at a moderate 2 to 2.5% in 2018. ❑ A key source of strength is Consumers and rising disposable personal incomes ❑ U.S. tax reform has res
Slide 25: Marketplace Update
Marketplace Update Against this rosy outlook, are some forces in the background that are potential For personal use only risks to the Retail Markets in 2019: ❑ Tariffs have not impacted retailers in 2018 so far, but they may lead businesses to pass on associated costs to the consumers. ❑ U.S. real e
Slide 26: Annual Report FY2018
For personal use only Annual Report FY2018
Slide 27: Annual Report
Annual Report For personal use only • To table and consider the Annual Report of the Company which includes the following: - Financial Report - Directors’ Report - Auditor’s Report for the period ended 30 June 2018 • Questions or comments? 14 Nov 2016 AGM FY2016 27
Slide 28: Resolutions
For personal use only Resolutions
Slide 29: Resolutions
Resolutions For personal use only • Resolution 1: Adoption of Remuneration Report • Resolution 2: Re-election of Mr. Christopher Chong as Director • Resolution 3: Re-appointment of Auditor of the Company 14 Nov 2016 AGM FY2016 29
Slide 30: Adoption of the Remuneration Report
Resolution 1 For personal use only Adoption of the Remuneration Report “That, for the purpose of Section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company’s annual financial report for the financial y
Slide 31: Re-election of a Director
Resolution 2 For personal use only Re-election of a Director “That Mr. Christopher Chong, having been appointed as an addition to the Board, and who retires in accordance with clause 12.7 of the Company’s Constitution, and being eligible, offers himself for re- election as a Director of the Company,
Slide 32: Re-appointment of BDO as Auditor
Resolution 3 For personal use only Re-appointment of BDO as Auditor The Company proposes and a shareholder has nominated that BDO East Coast Partnership be re-appointed as auditor of the Company. For Open Against Abstain 57,871,998 8,000 12,157 0 14 Nov 2016 AGM FY2016 32
Slide 33: For personal use only
For personal use only