Gale Pacific Limited · ASX:GAP
Gale Pacific — Shareholder Meeting (November 2005)
25 slides from Gale Pacific's shareholder meeting presentation, Nov 22, 2005
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Slide 3: Proxies Received
| Proxies Received 25,939,371
Slide 4: Managing Director
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Slide 5: Summary of Results
mmary of Results Margins depressed by a rapid increase in raw material costs. Plastic and Metal reached historic highs. . Company’s strong market position allowed these costs to. be passed on. os Softening of the Australian DIY market, inventory tightening by Retailers and agricultural products were
Slide 6: Summary of Results
“markets -and European teams became fully operational. mmary of Results One-off cost related to the commencement of manufacturing in China and the establishment of northern Overheads were reduced later in the year as our Chinese ~Jung’s 1° winter half losses were not in our previous year’s earnings
Slide 7: Summary of Results
Sur mary of Results _}Revenue 149 Million |+40% EBIT 10.7 Million |-10.4% |NPAT 4.7 Million |-33.1% ~ |EPS (Fully 9.15 Cents |-39.8% | Diluted) - {Operating Cash ‘| -2.7 Million | Flow Dividends 2.6 Million |-31.2%
Slide 8: Gale Pacific manufacturing update
Pacific / ew Ningbo facility completed and opened in November. New plant upgrading our knitting technology installed and _ operational. First stage of Australian plant has been transferred and is operational. A large majority of the plant will have been transferred from Australia by the end of Decem
Slide 9: Synthesis Advanced Polymer Fabrics
Synthésis \dvanced Polymer Fabrics Revenue of AUD$56 Million in line with last year despite difficult trading environment and drought. Industrial sales ~ahead with retail down in softening market. ~ Facilitated the integration of Donaghy’s NZ into the Group. ‘Implemented a “Direct-to-Market” distrib
Slide 10: Coolaroo Europe results
esults affected by Coolaroo’s first year establishment cost. Established a great beach head in Europe with some 750 stores retailing “Coolaroo”. Most customers in this current year have increased their commitment to the range. Further geographic expansion outside Central Europe, (Spain, France, Ital
Slide 11: Middle East expansion
Middle East expansion continues rapidly. 70% of our revenue now outside the UAE due to Saudi expansion. «Middle East growth has continued very strongly into this Architectural fabric, Dubai “financial year. + Middle Eastern efforts have developed our first industrial sales in European market with an
Slide 12: USA operations
evenue marginally ahead of last year with strong “commitments for expansion this current year. ».-Logistics consolidated Cal-Shade’s and Coolaroo’s -warehouses into one central Californian location. . Pet Beds range at Wal-Mart and Pet Co this season with sell through encouraging. « Current expansio
Slide 13: Management and Staff
vagement and Staff * Stephen Carroll appointed to Managing Director, Australian Operations. * Coordinated worldwide efforts in restructuring manufacturing and establishing European operations. * “Management Teams nearly all complete. «Managing Director European Operations to be announced soon. * Con
Slide 14: Cash Flow and Balance Sheet
sh. Flow and Balance Sheet Substantially increased inventories as back up to factory move to China. Built up inventory now reducing rapidly. + New capital equipment purchased, in excess of AUD$15 Million, installed and operational in Chinese Plant. oe Net Debt to equity increased to 1.45: 1 at year
Slide 15: Positioned for sustained growth
tioned for sustained growth with significantly lower cost, ‘Shorter lead times and added capabilities (Aluminium and Powder Coating) Short term completion of plant move. ; ‘Europe and China now settling down with restructure “nearing completion. Focusing on reaping the benefits of our new structure.
Slide 16: Long Term Trends
1g Term Trends Global Warming UV damage to people & plants «Water Conservation “Evaporation & Water Quality “* Organic Agricultural Products Passive barriers to birds, insects & severe weather “.«Cocooning ‘The backyard is a major area of the home improvement spend
Slide 17: Formal Business
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Slide 18: Financial and Related Reports
Financial and Related a ~ CONSIDERATION OF THE FINANCIAL - REPORT OF THE COMPANY FOR THE YEAR ENDED 30 JUNE 2005 AND THE RELATED DIRECTORS’ AND” > AUDITOR’S REPORTS.
Slide 19: Adoption of the Remuneration Report
\doption of the nuneration Report ~. TO CONSIDER THE COMPANY’S FREMUNERATION REPORT WHICH WAS MAILED TO SHAREHOLDERS ON 18 | ~ OCTOBER 2005, AND WHICH IS . DETAILED ON PAGES 28 TO 30 OF THE” = ANNUAL REPORT.
Slide 20: Proxies for Item 2
xies for Item 2 23,770,594 INFAVOUR - 857,037 AGAINST + 16,142 ABSTAIN ° 219,223 AT PROXY HOLDER’S DISCRETION
Slide 21: Item 3: Election of Directors
1-3: Election of Directors ‘Item 3(a) THE RE-ELECTION OF HARRY BOON AS . ~ ADIRECTOR OF THE COMPANY. |
Slide 22: Proxies for Item 3(a)
( xies for Item 3(a) 24,597,370, INFAVOUR - 18,345 AGAINST «28,058 ABSTAIN ° 219,223 AT PROXY HOLDER’S DISCRETION.
Slide 23: Item 3: Election of Directors
1 3:Election of Directors ‘Item 3(b) RE- ELECTION OF PETER MCDONALD AS. | A DIRECTOR OF THE COMPANY |
Slide 24: Proxies for Item 3(b)
xies for Item 3(b) 24,595,318, INFAVOUR - 20,397 AGAINST «28,058 ABSTAIN ° 219,223 AT PROXY HOLDER’S DISCRETION.
Slide 25: oS
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