Glg Corp Ltd · ASX:GLE
Glg — Shareholder Meeting (November 2010)
22 slides from Glg's shareholder meeting presentation, Nov 25, 2010
Slide 1: Annual General Meeting 25th November 2010
GLG CORP LTD For personal use only Annual General Meeting 25th November 2010 WELCOME 1
Slide 2: Meeting Format
GLG CORP LTD – 2010 Annual General Meeting For personal use only Meeting Format GLG Corp Ltd Results Half-Year Deputy Ended 31 Chairman December 2005 Review Accounts and Reports Formal Resolutions Other Business CloseGK Soh - Chief Executive Officer Eu Mun Leong - Chief Financial Officer 6-7 March 2
Slide 3: Introductions
GLG CORP LTD – 2010 Annual General Meeting For personal use only Introductions GLG Corp • Estina Ang Suan Hong – Executive Chairwoman • Samuel Weiss – Non Executive Deputy Chairman • Yong Yin Min - Executive Director • Surina Gan Meng Hui – Executive Director (Apology) • Ernest Seow Teng Peng – Inde
Slide 4: Results - Deputy Chairman's Review
For personal use only GLG Corp Ltd Results Half-Year Ended 31 December 2005 DEPUTY CHAIRMAN’S REVIEW GK Soh - Chief Executive Officer Eu Mun Leong - Chief Financial Officer 6-7 March 2006 4 A Global Textile & Apparel Supply Chain Manager
Slide 5: Financial Year Summary
Financial Year Summary For personal use only Sales maintained at US$195.0 million. GLG Corp Ltd NPAT increased by US$5.8 million to US$7.9 million from Results 2009, this included a write back of impairment of US$2.5 Half-Year Ended 31 December 2005 million(increased 287% from 2009) EPS of US 10.69
Slide 6: Consolidated P&L Analysis: Full-year ended June 2010
Consolidated P&L Analysis: Full--year ended 30 June 2010 Full For personal use only 30-Jun 30-Jun % 2010 2009 Change US$ million US$ million Revenue 195.4 196.0 (0.31)% Cost of Sales (176.3) (176.9) (0.34)% Gross profit 19.1 19.1 - Other Income 2.0 1.5 33.33% Distribution expenses (1.0) (2.1) (52.38
Slide 7: Balance Sheet Analysis: Summary
Balance Sheet Analysis: Summary Consolidated P&L Analysis: 30 Jun 2010 30 Jun 2009 Variance Half-year ended 31 December 2005 For personal use only US$ million US$ million CURRENT ASSETS Cash 2.0 6.8 (70.6)% In A$ million at a AUD/USD Trade Receivable Proforma exchange rate of 0.73 Varience % Varienc
Slide 8: Cash Flow Statement
Cash Flow Statement Consolidated P&L Analysis: Half-year ended 31 December Results: Full-year ended 30 June 2010 2010 2005 2009 For personal use only US$m US$m Receipts from customers 199.3 196.7 Payments to suppliers and employees (186.1) (194.7) Interest paid Proforma In A$ million at a AUD/USD Va
Slide 9: Marketplace Update 2010/2011
GLG Corp Ltd For personal use only GLG Corp Ltd Update Marketplace Results 2010/2011 Half-Year Ended 31 December 2005 GK Soh - Chief Executive Officer Eu Mun Leong - Chief Financial Officer 6-7 March 2006 9 A Global Textile & Apparel Supply Chain Manager
Slide 10: Marketplace Update
GLG Corp Ltd: Marketplace Update For personal use only GLG Corp uncertainty Continued Ltd in the US Results Reduction in the31 Half-Year Ended number of suppliers December 2005 in the textile industry Massive change in retail orders towards smaller quantities and faster turnarounds; Record cotton an
Slide 11: GLG Response to Marketplace
GLG Corp Ltd: GLG Response to Marketplace For personal use only GLG Corp NY based designed team working closely with Kohls, GLG Target, Corp LtdWalMart and Dollar General; Results Look to increase Original Design Manufacturing (“ODM”) Half-Year to business Ended help 31 December retailers 2005 “spee
Slide 12: Sales Bookings and Shipments Update (US$ Million)
Sales Bookings and Shipments Update (US$ Million) For personal use only FY10 FY11 Remarks Actual Sales Sales Bookings Q1: Jul – Sep 51.9 52.0 Shipments 100% completed Q2: Oct – Dec 45.6 58.5 54% of Bookings shipped. * Q3: Jan – Mar 45.1 54.0 Bookings are approx 94% complete. Q4: Apr-Jun 52.8 12.6 Fu
Slide 13: Outlook and Prospects
GLG Corp Ltd For personal use only GLG Corpand Outlook Ltd Prospects Results Half-Year Ended 31 December 2005 GK Soh - Chief Executive Officer Eu Mun Leong - Chief Financial Officer 6-7 March 2006 13 A Global Textile & Apparel Supply Chain Manager
Slide 14: 2010/11 Outlook
GLG Corp Ltd For personal use only 2010/11 Outlook GLG Corp Ltd Results Half-Year Ended 31 in December 2005 Trading conditions the United States remained slow and US retailers are facing continued competition; Look to increase GLG Corp Ltd’s Original Design Manufacturing (“ODM”) sales, to target hig
Slide 15: Thank You
For personal use only Thank You 15 A Global Textile & Apparel Supply Chain Manager
Slide 16: 2010 Accounts and Reports
GLG CORP LTD – 2010 Annual General GeneralMeeting Meeting For personal use only 2010 ACCOUNTS AND REPORTS 16
Slide 17: Formal Resolutions
GLG CORP LTD – 2010 Annual General GeneralMeeting Meeting For personal use only FORMAL RESOLUTIONS 17
Slide 18: Resolutions
GLG CORP LTD – 2010 Annual General GeneralMeeting Meeting For personal use only Resolutions Resolution 1 – Adoption of Remuneration Report Resolution 2 – Re-Election of Director Christopher Chong Meng Tak Resolution 3 – Re-Election of Director Mr Yin Min Yong Resolution 4 – Re-Election of Director M
Slide 19: Resolutions - Proxy Voting
GLG CORP LTD – 2010 Annual General GeneralMeeting Meeting For personal use only Resolutions – Proxy Voting GLG Corp Ltd 2010 Annual General Meeting Proxy Voting For Open Against Resolution 1: Adoption of Remuneration Report 56,811,962 38,000 9,000 Resolution 2: Re-election of Christopher Chong Meng
Slide 20: Other Business and Question Time
GLG CORP LTD – 2010 Annual General GeneralMeeting Meeting For personal use only OTHER BUSINESS AND QUESTION TIME 20
Slide 21: Thank You
For personal use only Thank You 21 A Global Textile & Apparel Supply Chain Manager
Slide 22: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements For personal use only 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. S