Gale Pacific Limited · ASX:GAP
Gale Pacific — FY2010 Earnings Presentation
18 slides from Gale Pacific's earnings presentation, Aug 30, 2010
Slide 1: Results for year ended 30 June 2010
For personal use only Gale Pacific Limited Results for year ended 30 June 2010 Peter McDonald Managing Director & CEO Jeff Cox Chief Financial Officer
Slide 2: Overview of Gale Pacific Limited
Overview of Gale Pacific Limited For personal use only ¾ Gale Pacific Limited – our objective is to be a trusted global marketer and manufacturer of branded screening and shading products for domestic, commercial and industrial applications. ¾ The products are designed to: ¾ Protect people and outdo
Slide 3: Overview of Gale Pacific Limited
Overview of Gale Pacific Limited For personal use only ¾ The Company’s retail products are marketed worldwide under the Coolaroo brand. Major products include exterior fabrics, pre-packaged interior and exterior window furnishings, umbrellas and gazebos, shade sails and a range of pet products. ¾ Th
Slide 4: Architectural Fabrics / Commercial
Architectural Fabrics Commercial 95 For personal use only
Slide 5: Commercial Hail Protection Canopy / Landmark Grain Cover
For personal use only Commercial Hail Protection Canopy Landmark Grain Cover
Slide 6: Coolaroo Synthetic Grass / Window Furnishings
For personal use only Coolaroo Synthetic Grass Coolaroo Window Furnishings
Slide 7: Architectural Shade Sails
Architectural Shade Sails For personal use only
Slide 8: Coolaroo Umbrellas with the new Xceltex Fabric
Coolaroo Umbrellas with the new Xceltex Fabric For personal use only Beach Umbrellas
Slide 9: Results – Key highlights
FY10 Results – Key highlights For personal use only ¾ Reported NPAT up $18 million to $6 million – ahead of market guidance. ¾ EBITDA up 17% to $16.5 million. ¾ EBIT up 63% to $9.3 million. ¾ Group inventory reduced by $3.4 million from last year with further reductions planned. ¾ Cash from operatio
Slide 10: Results – Key highlights
FY10 Results – Key highlights For personal use only ¾ Strong sales growth in Australia (+10%) and the USA (+6%). ¾ Dramatically improved performance in the China manufacturing plant – plant yields have increased 20% over last year. ¾ Successful market trial of new outdoor waterproof fabric “Xceltex”
Slide 11: Review
FY10 Review For personal use only FY10 FY09* A$M’s A$M’s % Variance Sales 98.8 98.3 + 0.5% EBITDA 16.5 14.1 + 17% EBIT 9.3 5.7 + 63% NPAT 6.0 (0.5) Earnings per share - cents 2.15 (0.2) Dividends per share - cents 2.0 0 Cash from operations 18.0 11.4 + 58% Net cash on deposit/ (net debt) 3.1 (14.1)
Slide 12: Review – Asia Pacific
FY10 Review – Asia Pacific For personal use only FY10 FY09 A$M’s A$M’s % Variance Sales 71.4 66.3 + 8% EBITDA 9.3 6.5 + 43% EBIT 7.2 4.1 + 75% ¾ Sales growth generated from new products and category expansion in Australia and retail sales growth in New Zealand. ¾ Improved margins from stronger Austr
Slide 13: Review – USA
FY10 Review – USA For personal use only FY10 FY09 US$M’s US$M’s % Variance Sales 18.7 17.7 + 6% EBITDA 0.8 (0.5) EBIT 0.4 (1.0) ¾ Sales growth generated from new products and category expansion in a subdued consumer market. ¾ Improved margins from leaner infrastructure and lower product costs. ¾ Str
Slide 14: Review – Middle East
FY10 Review – Middle East For personal use only FY10 FY09 US$M’s US$M’s % Variance Sales 5.4 6.1 - 11% EBITDA 0.9 1.0 - 10% EBIT 0.9 1.0 - 10% ¾ Tough market conditions particularly in Dubai and Kuwait. Excellent growth in Saudi market. ¾ Improved margins from lower costs. ¾ Strategy – maintain mark
Slide 15: Review – China
FY10 Review – China For personal use only FY10 FY09 US$M’s US$M’s % Variance Sales (intercompany) 26.5 28.4 - 7% EBITDA 4.3 5.1 - 16% EBIT 0.4 1.1 - 74% ¾ Margin decline in FY10 the result of lower off take volumes due to group inventory reductions, and some higher raw material and input prices. ¾ O
Slide 16: Accelerated growth plans
Accelerated growth plans For personal use only ¾ Gale has an exciting range of products established in several world markets. ¾ Gale has redefined the business strategy to give a broader market focus on “branded shading and screening products”. ¾ New products and category expansions are well progres
Slide 17: Outlook
Outlook For personal use only ¾ Sales growth is expected from new product programs and expanded ranging with key customers. ¾ Given recent global market uncertainty and volatility it is difficult to accurately forecast FY11 performance. Overall, the company expects to achieve moderate organic sales
Slide 18: Disclaimer
Disclaimer For personal use only Statements contained in this presentation, particularly those regarding future performance, estimated company earnings, potential growth of the company, industry growth or other trend projections are or may be forward looking statements. Such statements relate to fut