Slide 1: Results Presentation
Results Presentation For the half year ended 31 December 2006
Slide 2: Half Year Highlights
Half Year Highlights . sales up 18.7% to US$128.2 million for the first half year 107. * Net Profit After Tax up 4.1% to US$5.4 million. * Sales to Hanes of US$12.8 million * Overall gross margin remained stable.
Slide 3: Slide 3
Slide 4: Consolidated P&L Analysis
Consolidated P&L Analysis: 1st half-year ended 31 December 2006 31 December 31 December % 2006 2005 change US$ million US$ million Revenue 128.2 108.0 18.7% Cost of Sales (115.7) (97.5) (18.7)% Gross profit 12.5 10.5 19.0% Other Income 1.0 1.0 - Distribution expenses (1.1) (0.5) (120)% Administrativ
Slide 5: Consolidated P&L Analysis
Consolidated P&L Analysis: 1$t half-year ended 31 December 2006 Expenses/ Revenue (%) 2006 2005 Distribution expenses 0.89% 0.45% Administrative expenses 4.38% 4.31% * Higher Distribution expenses/ Revenue (%) are due to: Sample Charges 0.33% 0.06% Air Freight Cost 0.31% 0.09% * Higher Administrativ
Slide 6: Balance Sheet Analysis: Summary
Balance Sheet Analysis: Summary 31 Dec 2006 30 Jun 2006 Variance US$ million US$ million CURRENT ASSETS Cash 19 5.1 (62.7)% Trade Receivable 31.9 16.8 89.9% Advance, prepayments & other receivable 0.6 0.7 (14.3)% NON-CURRENT ASSTES 5.2 94 (42.9)% TOTAL ASSETS 39.6 317 24.9% CURRENT LIABILITIES Accou
Slide 7: Contingent Liability
Contingent Liability In early 2007 a new account withheld payment of US$1.6 million out of a group of orders totaling US$2.5 million for claims relating to alleged late deliveries. Counsel is in the process of reviewing documentation but at a very preliminary stage feels that the GLG position is def
Slide 8: Balance Sheet Analysis: Liquidity Ratios
Balance Sheet Analysis: Liquidity Ratios Current Asset Ratios 31 Dec 2006 30 Jun 2006 Change Debtors turnover (days) 44 days 31 days +13 days Current Ratio (X) 1.19 x 2.37 x -1.18x Cash US$1.9 m US$5.1m -US$3.2 m
Slide 9: Balance Sheet Analysis: Gearing Ratios
Balance Sheet Analysis: Gearing Ratios 31 Dec 2006 =| 30 Jun 2006 Change Leverage Debt to Equity 0.70 x 0.38x +0.32x Interest Coverage 15.3 x 12.2x 4+3.1X Total bank facilities available US$80m US$80m - Average usage of bank facilities (%) | 78% 58% +20%
Slide 10: Cash Flow Statement
Cash Flow Statement Results:1st Half-year ended 31 Dec 2006 2006 2005 US$m US$m Receipts from customers 110.5 103.3 Payments to suppliers and employees (121.7) (101.2) interest paid (0.3) (0.4) Income taxes refund! (paid) (0.3) 01 Net Operating Cash Flows (11.8) 1.8 Purchases of property, plant and
Slide 11: A Global Textile & Apparel Supply Chain
A Global | exile & Appare) Supcly Chin
Slide 12: Revenue Highlights (I)
Revenue Highlights (I) US$’000 Sales by Customers Category US#039;000 ‘ist Half USS Sales by Customers Department Stores Mass Merchant Speciality Retailer Customers by category m@ 2006 @ 2005
Slide 13: Revenue Highlights (II)
Revenue Highlights (Il) Price US$/Dz by Customers Category Price/Dz ist Half Price/Dz by Customers m 2006 m2005 Department Stores Mass Merchant Speciality Retailer Customers by Category
Slide 14: Manufacturing Sites
Manufacturing Sites é g 1st Half Sales by Country of Origin for Manufacturing Cambodia Indonesia China Singapore Sri Lanka Malaysia Guatemala Brunei - 10,000 20,000 30,000 40,000 50,000 US#039;000 @ 2005 @ 2006
Slide 15: New Branded Customers
New Branded Customers Customer Revenue Lands End $ .3mil Phillips-Van Heusen (PVH) $ 2.0 mil Levi Strauss & Co. $ .1mil Hanes Brands $12.8 mil Belk Department Stores $ 1.5 mil Saks Department Stores $ 1.0 mil On track to achieve revenue target from new accounts of US$25 million to US$40 million p.a.
Slide 16: A Global Textile & Apparel Supply Chain
A Global Textile & Apparel Supply Chain
Slide 17: Marketplace
Marketplace t# Intense price competition in mass merchant channel % Increasing price competition in department store and specialty retail channels # Aggressive competition from Korean garment suppliers moving rom Central America to Vietnam, Cambodia, Indonesia and ina “ Middie East garment suppliers
Slide 18: Sales Bookings and Shipments Update
Sales Bookings and Shipments Update (US$ Million) FY06 FY07 Remarks Actual Sales Actual Sales Jul — Sep Q1 56.3 59.5 100% completed for Q1 Oct — Dec Q2 51.7 68.7 100% completed for Q2 Total 108.0 128.2 Sales Bookings Jan- Mar Q3 41.5 55.8 100% completed for Q3 Apr-Jun Q4 48.3 41.3 85% completed for
Slide 19: Strategic Direction
STRATEGIC DIRECTION Organic Growth — The company strategy of expanding the customer base with its current product line has been successful and will be continued. ~ GLG plans to work with complementary Supply Chain Managers of woven goods in joint marketing programmes Strategic Expansion # P,D & D fo
Slide 20: AME
ae AME veal
Slide 21: Half Year Recap
Half Year Recap . sales up 18.7% to US$128.2 million for the first half year 107. * Net Profit After Tax up 4.1% to US$5.4 million. . successful implementation of strategy to build customer ase. * Continued focus on internal management development « Extensive search for. CEO
Slide 22: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements This presentation may contain statements regarding the business of GLG Corp Limited and its subsidiaries {Group’) that are of a forward looking nature and are therefore based on management's assumptions about future developments. Such forward looking sta
Slide 23: HMM eee
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Slide 24: Financial Highlights
Financial Highlights {US$ million) 1% Half 06/07 45 Half 05/06 Percentage Change Revenue 128.2 108.0 +18.7% Gross Profit 12.5 10.5 +19.0% EBITA 6.4 6.1 44.9% NPAT 5.3 54 +3.9% EPS (US cents per share) 7.21 8.56 15.8% NTA (US cents per share) 27.70 20.50 435.1%
Slide 25: GLG Corp Ltd Management
GLG Corp Ltd Management S = be = ko