Globe International Limited · ASX:GLB
Globe International — H1 2015 Earnings Presentation
17 slides from Globe International's earnings presentation, Feb 27, 2015
Slide 1: Globe International Limited Investor Presentation
GLOBE INTERNATIONAL LIMITED For personal use only INVESTOR PRESENTATION
Slide 2: Background
BACKGROUND For personal use only • Established in 1984 • Listed on the Australian Securities Exchange since 2001 (GLB) • 41.4 million ordinary shares on issue • Head-office in Melbourne, Australia and major offices in Los Angeles and France • Specialising in the production and distribution of purpos
Slide 3: 2015 Half Year Key Statistics
2015 HALF YEAR KEY STATISTICS Significant growth in revenues and profits continues… For personal use only AUD millions 6 months to 6 months to Half on Half Half on Half 31 Dec 2014 31 Dec 2013 Variance ($) Variance (%) Net Sales $66.0 $51.3 $14.6 28% EBITDA $2.8 $2.4 $0.4 17% EBIDTA adjusted* $2.8 $
Slide 4: 2015 Half Year Highlights
2015 HALF YEAR HIGHLIGHTS • Significant growth in revenues and profits continues For personal use only • All regions reported double digit sales growth • All major branded divisions reported sales growth • Globe + 27% • Dwindle + 16% • FXD • 4Front + 22% • Hardcore + 26% • Past diversification strat
Slide 5: Globe Brand
GLOBE BRAND For personal use only GLOBE is a truly international brand that started out in the 1990s with shoes for skaters and surfers. From there, it has evolved into a multi-category brand that designs footwear, apparel and skate hardgoods for the broader boardsports market, worldwide. 5 Who We A
Slide 6: Dwindle Distribution
DWINDLE DISTRIBUTION is the world’s largest premium skateboard manufacturer and For personal use only distributor. The stable of Dwindle brands are entirely unique and distinct each with their own creative direction and distribution channel. PROPRIETARY BRANDS LICENSED BRANDS enjoico.com dusterscali
Slide 7: Hardcore Distribution
HARDCORE DISTRIBUTION For personal use only Launched in 1984, HARDCORE DISTRIBUTION is the foundation company of Globe International Limited. Hardcore is the largest distributor of leading brand skateboard products, both owned and third party international brands, in Australia and New Zealand. 7 Who
Slide 8: 4Front Distribution
4FRONT DISTRIBUTION For personal use only 4Front specialises in the licensing, distribution and marketing of global street fashion and art culture apparel and footwear brands, in Australia and in most cases New Zealand. 8 Who We Are
Slide 9: F.X.D. Workwear
F.X.D. WORKWEAR For personal use only F.X.D is “Function By Design”. F.X.D. offers a better look and function through carefully designed and styled work wear. Currently in Australia and New Zealand only, this brand has global potential. 9 Who We Are www.fxdworkwear.com
Slide 10: North America
NORTH AMERICA North America includes: For personal use only Major Customers: PROPRIETARY BRANDS • Zumiez • Urban Outfitters • Journeys • Amazon DW INDLE DISTRIBUTION • Zappos • Active Ride • Pac Sun • Tillys North America reports global Dwindle Distribution sales, except for Aust/NZ. • Nordstroms •
Slide 11: North America Divisional Overview
NORTH AMERICA For personal use only Divisional Overview: • Net Sales grew by 12% in H1 o Growth from Dwindle hardgoods, Globe Apparel and the introduction of Fallen and Zero •Segment result impacted by lower scale, margin pressures and introduction of new brands o Significant opportunity for improve
Slide 12: Europe
EUROPE Direct Markets in: Europe includes: For personal use only • UK, France, Germany, Spain, Portugal, Austria, Belgium, Denmark, Netherlands, Poland PROPRIETARY BRANDS Sales via distributors in: • Italy, Switzerland, Greece, Sweden, Norway and Eastern Europe, including Russia Major Direct Market
Slide 13: Europe Divisional Overview
EUROPE For personal use only Divisional Overview: • Net Sales grew by 59% in H1 o All categories reported growth but Globe Hardgoods and Globe Apaprel were the stand- out • Strongest Globe brand growth territory • After significant losses in the early years of investment, Globe Europe is now a signi
Slide 14: Australasia
AUSTRALASIA Australasia includes: Major Customers: For personal use only • General Pants PROPRIETARY BRANDS • Surf Dive n Ski • Glue • Ozmosis • Surfstitch • City Beach. HARDCORE DISTRIBUTION – 3 RD PARTY* • Universal • Fast Times • RSEA (workwear) • Workscene (workwear) 4 FRONT DISTRIBUTION – 3 RD
Slide 15: Australasia Divisional Overview
AUSTRALASIA For personal use only Divisional Overview: • Net Sales grew by 23% in H1 o All Divisions reported growth with FXD, Globe apparel and Stussy the stand-outs. • Improvement in performance due to strategic diversification of brands, categories and new distribution channels • Globe branded fl
Slide 16: Looking Forward
2007/2008 Full LOOKING Year Summary FORWARD For personal use only Financial The net cash position is expected to remain strong, due to the stable and Stability sustainable cost base, no borrowings and minimal capital expenditure requirements. Financing facilities are in place to fund any working cap
Slide 17: Contact Information
CONTACT 2007/2008 FullINFORMATION Year Summary For personal use only MELBOURNE HEADQUARTERS: 1 Fennell Street Port Melbourne, Victoria, 3207 www.globecorporate.com CONTACT: Jessica Moelands Chief Financial Officer +61 (0)3 8534 9932 Jessica.m@globebrand.com SHARE REGISTRY Link Market Services Limite