Glg Corp Ltd · ASX:GLE
Glg — Shareholder Meeting (November 2007)
27 slides from Glg's shareholder meeting presentation, Nov 8, 2007
Slide 1: Annual General Meeting 8th November 2007
GLG CORP LTD For personal use only Annual General Meeting 8th November 2007 WELCOME 1
Slide 2: Meeting Format
GLG CORP LTD – 2007 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 – 2007 Annual General Meeting For personal use only GLG Corp Ltd Introductions Results GLG Corp Half-Year Ended 31 December 2005 • Estina Ang Suan Hong - Chairman and Chief Executive Officer • Samuel Weiss – Non Executive Deputy Chairman • Eu Mun Leong – Director and Chief Financial Off
Slide 4: 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: GLG Corp Ltd – Business Model
GLG CORP LTD – BUSINESS MODEL For personal use only GLG Corp Ltd Revenue 100% Results GrossHalf-Year Profit Ended 31 December 2005 9.5% Administrative and other costs 5.5% to 6.0% NPAT 3.5% to 4.0% • Supply chain manager • Knitwear Specialist - Chief Executive Officer GK Soh • Long term customer rel
Slide 6: Financial Year Highlights
Financial Year Highlights For personal use only Sales up 11.5% to US$220.6 million. GLG Corp Ltd NPAT Resultsof US$8.1 million (down 13.1% from 2006.) Half-Year DPS of USEnded 31 December 6.2 cents 2005 YIELD 9.4%*. EPS of US 10.9 cents. PER 6.0x*. NTA per share US 31.8 cents. Up 22.9% Success in ne
Slide 7: Financial Update
GLG Corp Ltd For personal use only GLG Corp Ltd Financial Update Results 30 Half-Year June 2007 Ended 31 December 2005 GK Soh - Chief Executive Officer Eu Mun Leong - Chief Financial Officer 6-7 March 2006 7 A Global Textile & Apparel Supply Chain Manager
Slide 8: Consolidated P&L Analysis: Full-year ended June 2007
Consolidated P&L Analysis: Full-year ended 30 June 2007 For personal use only 30 June 30 June % 2007 2006 change US$ million US$ million Revenue 220.6 197.8 11.5% Cost of Sales (199.0) (178.2) (11.7)% Gross profit 21.6 19.6 10.2% Other Income 2.0 2.3 (13.0)% Distribution expenses (1.3) (1.1) (18.2)%
Slide 9: Balance Sheet Analysis: Summary
Balance Sheet Analysis: Summary Consolidated P&L Analysis: 30 Jun 2007 30 Jun 2006 Variance Half-year ended US$ million31 December 2005 For personal use only US$ million CURRENT ASSETS Cash 2.5 5.1 (51.0)% Trade Receivable Proforma Varience % In A$ million at a AUD/USD exchange rate of 0.73 Varienc
Slide 10: Cash Flow Statement
Cash Flow Statement Consolidated P&L Analysis: Half-year ended 31 December Results: Full-year ended 30 June 2007 2007 2005 2006 For personal use only US$m US$m Receipts from customers 223.4 194.4 Payments to suppliers and employees (210.1) (185.3) Interest paid Proforma In A$ million at a AUD/USD Va
Slide 11: Management & Operations
GLG Corp Ltd For personal use only GLG Corp Ltd & Operations Management Results Half-Year Ended 31 December 2005 GK Soh - Chief Executive Officer Eu Mun Leong - Chief Financial Officer 6-7 March 2006 11 A Global Textile & Apparel Supply Chain Manager
Slide 12: GLG Corp Ltd Management Structure
GLG GLG Corp Corp Ltd Ltd Management Structure Management For personal use only Board Executive Chairman/ CEO Estina Ang Suan Hong Chief Product Sourcing and Business Group CFO Chief Marketing Officer Development Eu Mun Leong Surina Gan Meng Hui Officer Agnes Ng Moi Ngw 12
Slide 13: Marketing Focus
Marketing Focus For personal use only Customers Specialty Retailers & Department Stores National Brands Non US Customers Product Fabric development/sourcing Specialty wash finishes Dedicated teams for each customer or customer group 13
Slide 14: Growth from New Customers in Specialty Stores, Department Stores and Brands
Growth from New Customers in Specialty Stores, Department Stores and Brands For personal use only Customer Revenue 2007 Lands End $ 0.3 mil Phillips-Van Heusen (PVH) $ 3.7 mil Hanes Brands $18.8 mil Belk Department Stores $ 4.1 mil Saks Department Stores $ 3.1 mil GAP $ 0.6 mil Exceeded budgeted US$
Slide 15: 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 15 A Global Textile & Apparel Supply Chain Manager
Slide 16: Sales Bookings and Shipments Update
Sales Bookings and Shipments Update (US$ Million) For personal use only FY07 FY08 Remarks Actual Sales Sales Bookings Jul – Sep’07 Q1 59.5 59.4 100% completed for Q1 Oct – Dec’07 Q2 68.7 56.7 100% bookings completed and 45% shipped for Q2 Total 1st Half 128.2 116.1 Jan – Mar’08 Q3 48.5 26.7 Bookings
Slide 17: Marketplace and Implications
Marketplace and Implications For personal use only Intense price competition especially in the mass merchant channel GLG Corp Ltd Reduce exposure in mass merchant channel Results Half-Year Ended 31 December 2005 Increase specialty retailers Decline in average price per unit. Rebalancing – more summe
Slide 18: Marketplace and Implications
Marketplace and Implications For personal use only End of voluntary quotas for Chinese sourced products in 2008 leading to some uncertainty GLG Corp Ltd Pan Asian Sourcing Results Half-Year Ended 31 December 2005 Weakness of US dollar Partial Hedging Reducing non-US$ exposure GK Soh - Chief Executiv
Slide 19: Outlook & Prospects - Summary
Outlook & Prospects - Summary For personal use only Acquisitions & Corporate Actions Woven SCM Reviewing Sourcing – Indonesia & India Negotiation & Developing Private Label Development Developing China & HK – strategic alliance Developing Listing on SGX Discussions 19
Slide 20: Significant Issues
Significant Issues For personal use only Strengthening Management Acquisition Strategy Secondary Listing & liquidity To achieve 2007/08 Budget – Sales USD$240 million, NPAT USD$9 million+ 20
Slide 21: Thank You
For personal use only Thank You 21 A Global Textile & Apparel Supply Chain Manager
Slide 22: 2007 Accounts and Reports
GLG CORP LTD – 2007 Annual General Meeting For personal use only 2007 ACCOUNTS AND REPORTS 22
Slide 23: Formal Resolutions
GLG CORP LTD – 2007 Annual General Meeting For personal use only FORMAL RESOLUTIONS 23
Slide 24: Resolutions
GLG CORP LTD – 2007 Annual General Meeting For personal use only Resolutions Resolution 1 – Adoption of Remuneration Report Resolution 2 – Re-Election of Madam Estina Ang Suan Hong Resolution 3 – Re-Election of Mr Samuel Weiss 24
Slide 25: Other Business and Question Time
GLG CORP LTD – 2007 Annual General Meeting For personal use only OTHER BUSINESS AND QUESTION TIME 25
Slide 26: Thank You
For personal use only Thank You 26 A Global Textile & Apparel Supply Chain Manager
Slide 27: 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