Globe International Limited · ASX:GLB
Globe International — H1 FY2004 Earnings Presentation
9 slides from Globe International's earnings presentation, Feb 19, 2004
Slide 1: December 2003 Half Year Results - Investor Presentation
| lobe interRNATIONAL LTD. bs Li) Paes gimme ae : eo December 2003 Half Year Results - Investor Present: 19 February
Slide 2: Overview - Half Year to December 2003
Overview - Half Year to December 2003 a Pre Amortisation NPAT $5.1m up 50% on pcp & $12.4m on last half = $18.9 million EBITDA improvement on last half u Delivered in excess of $20m operational savings on an annualised basis a Emphasis on new strategic marketing initiatives a Continued strong workin
Slide 3: Half Year Summary
Half Year Summary | —_ globe 1st Half 2nd Half ~— 48¢ Half Globe Group FY04 FY03 FY03 Australasia 54,486 45,930 45,645 Globe Europe 6,343 8,929 12,727 \ Globe Nth America 12,853 14,866 15,692 “a Kubic 15,295 19,563 41,195 — Total Sales 88,977 89,287 115,259 4 Australasia 7,395 2,238 4,332 N Globe Eu
Slide 4: Australasia
(SAUD) 60, 50, 404 301 20, 107 Australasia O pau (SAUD) 2002 EBITDA 2004 Half Yrs Review Sales AUD54.5m up 19% on last half & pep EBITDA AUD7.4m up 230% on last half EBITDA Margin 13.6% Strong sales performance from proprietary brands Outlook Globe World Cup held last week was a sell out with excell
Slide 5: Globe Europe
Globe Europe ($USD) Sales 12, 10- el — a 6} Z A m : oO ‘, 2002 2003 2004 1sthaif = [J 2" naire (susD) ay EBITDA 4, a a 3.54 31 2.84 7 _ ' 41 7 srsopoinins os 4 as 2002 2003 2004 Half Yrs Review Sales down 24% from last half & 40% on pep. Change in trading caused one off delay in recognition of sales
Slide 6: North America
($USD) 355 30-7 2575 Nth America Sales 2002 2003 2004 isthalf [i 2-nair ($USD) EBITDA 2002 2003 2004 Half Yrs Review Globe Sales met expectations - up 2% on pcp & down 5% on last half Kubic Sales down 54% on pcp & 13% on last half Operational cost reductions completed Nth American group breakeven EB
Slide 7: Balance Sheet Summary
Balance Sheet Summary AUD millions Total Cash Total Debt Inventories Receivables Payables Net Tangible Assets NTA Per Share (Cents) Dec 03 21.1 (13.4) 20.1 27.9 (10.4) 66.9 16.1¢ June 03 26.4 (21.7) 20.7 27.6 (10.7) 64.3 15.5¢ June 02 44 (3.7) 20.1 51.3 (11.2) 51.1 14.0c June 01 31.3 (31.2) 21.5 28.
Slide 8: Operational Achievements
Operational Achievements Since 30 June 2003 Stabilised business Reduced operating costs by $20m+ on annualised basis Improved operational procedures particularly: +> Management reporting & accountability > Data integrity & efficiency > Timeliness of information Implemented IT system in US to provide
Slide 9: Longer Term Key Objectives
Longer Term Key Objectives Focus on delivering great product and innovative marketing Maintain or increase investment in brands Apparel focus Increase exposure to surf market Maintain cost conscious culture
Globe International — H1 FY2004 Earnings Presentation on 6ix