Globe International Limited · ASX:GLB
Globe International — FY2007 Earnings Presentation
17 slides from Globe International's earnings presentation, Aug 30, 2007
Slide 1: Globe International 2006/2007 Full Year Results
GLOBE INTERNATIONAL 2006 / 2007 FULL YEAR RESULTS For personal use only Wv1 PRESERVING CHANGE AMID ORDER
Slide 2: Globe International – Who We Are
PRESERVING CHANGE AMID ORDER Overview For personal use only Globe International – Who We Are • Australian owned publicly listed company trading on the Australian Stock Exchange • Net sales revenue $122.5m • Net assets $94m • Net tangible assets $51m • Total issued capital 41.4m shares • Premier prop
Slide 3: Business Strategy Update
PRESERVING CHANGE AMID ORDER Overview For personal use only Business Strategy Update What we said we would do What we have done • Grow profit in continuing business • $3m EBITDA turn-around in continuing business before significant items • Divested non-core assets • Simplify and refocus the business
Slide 4: FY07 Summary - Total Business
PRESERVING CHANGE AMID ORDER FY07 Summary For personal use only FY07 Summary - Total Business FY07 (1) FY06 Net Sales $ 158.1m $ 194.7m EBITDA $ 6.9m $ 6.2m NPAT (2) $ (3.1)m $ 1.0m (1) Includes discontinued operations for six month only (2) Impacted by $3.6m of once-off significant items related to
Slide 5: FY07 Summary Continuing Business
PRESERVING CHANGE AMID ORDER FY07 Summary For personal use only FY07 Summary Continuing Business FY07 FY06 Change Net Sales (1) $ 122.5m $ 121.6m +$1.0m EBITDA $ 5.2m $ (1.7m) +$6.9 m NPAT $ 2.0m $ (3.4)m +$5.4m Gross Margin 47.5% 46.5% +1% Cash flow from Operations $ 10.3m $ 3.2m (1) Underlying sal
Slide 6: FY07 Highlights
PRESERVING CHANGE AMID ORDER FY07 Summary For personal use only FY07 Highlights Growth trajectory Sales Revenue (1) Total Business +8.9% • Australia +8.2% • North America +13.5% • Europe +4.7% EBITDA (2) $3m positive turnaround Footwear Unit Sales +7.5% Skateboard Unit Sales +20% GLOBE Apparel Growi
Slide 7: FY07 Regional Review – North America
PRESERVING CHANGE AMID ORDER FY07 Summary For personal use only FY07 Regional Review North America • Net Sales A$60.2m Sales in local currency up 13.5% (1) Footwear unit sales up 11.7% Dwindle brands skateboard unit sales up 20% (1) In local currency and excluding sales from discontinued brand
Slide 8: FY07 Regional Review – Australia and New Zealand
PRESERVING CHANGE AMID ORDER FY07 Summary For personal use only FY07 Regional Review Australia and New Zealand • Net Sales A$39.8m (1) Footwear unit sales up 10.6% Strong growth in apparel sales • Market leadership in Action Sports Retailer (ASR) category footwear market • Relocation of Melbourn
Slide 9: FY07 Regional Review – Europe
PRESERVING CHANGE AMID ORDER FY07 Summary For personal use only FY07 Regional Review Europe • Net Sales A$ 23.7m Sales in local currency up 4.7% Net sales increase primarily due to benefits of new distribution model and the establishment of new direct hardgoods markets • Good margin growth • Sig
Slide 10: FY07 Financial Position
PRESERVING CHANGE AMID ORDER FY07 Summary FY07 Financial Position For personal use only Continuing Business Continuing Business Total Business FY07 FY06 (1) FY06 Assets Cash 22.6 5.3 5.3 Receivables 24.6 33.1 49.1 Inventory 14.5 19.6 28.8 Prop/plant/equip 2.5 4.0 7.8 Intangibles 43.4 50.3 71.3 Other
Slide 11: Globe's Strategy
PRESERVING CHANGE AMID ORDER Globe Profile For personal use only Globe’s Strategy Key principles • Growth based on core values • Well positioned brands • Market leadership in footwear • Leveraging brand strength into an apparel offering • Premium market leading hardgoods Technically superior desig
Slide 12: Brands
PRESERVING CHANGE AMID ORDER Globe Profile For personal use only Brands • High recognition of Globe brand internationally World leading team riders – surf and skate Ground breaking events and movies • Leveraging Globe brand into apparel The “dream event”, the Globe Pro Fiji, to return in 2008
Slide 13: Global Reach
PRESERVING CHANGE AMID ORDER Globe Profile For personal use only GLOBAL REACH
Slide 14: The Future – Strategic goals
PRESERVING CHANGE AMID ORDER The Future For personal use only Strategic goals • Maintain current growth trajectory in core brands • Step improvement in gross margins • Significant improvement at EBITDA level • Deliver EPS growth A LONG TERM SUSTAINABLE, PROFITABLE AND GROWING BUSINESS
Slide 15: Summary
PRESERVING CHANGE AMID ORDER The Future For personal use only Summary • A financially sound and growing business • Internationally recognized category leading brands • Management of capital to the benefit of shareholders • Strong brand positioning • Market leading position in footwear • Strong demon
Slide 16: Summary
PRESERVING CHANGE AMID ORDER The Future For personal use only Summary • Sustainable growth • Restructuring now complete • Profit turnaround in continuing business • Financially strong • Strong further sales growth • Single focus • Financial discipline • Strong and clean balance sheet • A single focu
Slide 17: Global Brands
PRESERVING CHANGE AMID ORDER Global Brands For personal use only A QUALITY PORTFOLIO OF BRANDS