Giordano International — Q3 2023 Earnings Presentation

5 slides from Giordano International's earnings presentation, Oct 12, 2023

Slide 1: 2023 Third Quarter Unaudited Operations Update
2023 Third Quarter Unaudited Operations Update  October 12, 2023
Slide 2: Revenue Analysis
Revenue Analysis • July and August: Results distorted by the timing difference of the Hajj Muslim Festival and abnormally severe weather conditions in Greater China • September: Positive growth in retail revenue 2023 2022 (In HK$ million) July August September July August September Greater China 134
Slide 3: Revenue Analysis (cont'd)
Revenue Analysis (cont’d) • A mild drop in the third quarter partly due to our store consolidation cycle • Steady growth in overseas franchisees September 30 Quarter ended Year-to-date (In HK$ million) 2023 2022 Change 2023 2022 Change Greater China 393 385 2.1% 1,268 1,239 2.3% Southeast Asia and A
Slide 4: System inventories
System inventories • A significant drop in Group inventory balance • Healthy and stable system inventories At September 30 December 31 September 30 (In HK$ million) 2023 2022 2022 Inventories owned by the Group 501 612 614 Inventories held by 48.5% South Korea joint venture 220 202 212 Inventories h
Slide 5: Store portfolio
Store portfolio Stores at September 30 2023 2022 Taiwan 169 181 Mainland China 142 165 Hong Kong and Macau 41 43 Greater China 352 389 Indonesia 231 231 Thailand 151 153 Malaysia 86 86 Vietnam 54 49 Singapore 30 31 Australia 6 6 Cambodia 3 2 Southeast Asia and Australia 561 558 Gulf Cooperation Coun