Gale Pacific Limited · ASX:GAP
Gale Pacific — H1 FY2025 Earnings Presentation
15 slides from Gale Pacific's earnings presentation, Feb 27, 2025
Slide 1: H1 FY25 Results
H 1 F Y 2 5 R E S U LT S 27 FE B RUARY 2025
Slide 2: About Gale Pacific
ABOUT GALE PACIFIC Designed for, and tested in, the harshest environments on earth, only GALE Pacific’s innovative, sustainable fabrics are the longest lasting in the industry, protecting people, food, water, and property for over 70 years. GALE Pacific Commercial® brand products include The Company
Slide 3: Business Overview
BUSINESS OVERVIEW Map legend: Head office Sales Office Warehouse Manufacturing Barcelona, Spain Charlotte, USA Ningbo, China Los Angeles, USA Brisbane, Dubai, UAE Australia Mexico City, Mexico Perth, Australia Auckland, New Zealand Buenos Aires, Argentina Melbourne, 3 Australia
Slide 4: Contents
CONTENTS ■ Results Overview ■ Segment Results ■ Outlook 4
Slide 5: Results Overview
RESULTS OVERVIEW
Slide 6: Results for H1 FY25
RESULTS FOR H1 FY25 Revenue: $90.7 million, up 18% $ million H1 FY25 H1 FY24 Change % ($13.7 million) vs prior period, Revenue 90.7 77.0 18 with growth across all regions. EBITDA 5.6 2.5 122 EBIT 0.2 (4.0) 104 EBITDA: $5.6 million, up Profit before tax (1.6) (6.1) 73 $3.1 million vs prior period, Ne
Slide 7: Results for H1 FY25
RESULTS FOR H1 FY25 Net Cash from Operating Activities: Net Cash from Operating Activities $(2.4) million, down from $19.6 million prior period due to $ (2.4) million working capital increases from 1H FY24: $19.6m higher inventory and debtor balance changes. Net Debt Net Debt: $7.0 million as of 31
Slide 8: Key Performance Drivers
KEY PERFORMANCE DRIVERS Share Gains in the United States: Growth in the Middle East: Improved New product placements in retail revenue in Saudi Arabia from share and record Commercial sales gains with continued credit discipline Strong Australian Peak Season: FX and Non-Recurring Costs: Strong Share
Slide 9: Segment Results
SEGMENT RESULTS
Slide 10: Americas
AMERICAS ■ Revenue H1 FY25: $31.4 million, a 6% increase vs H1 FY24. ■ Retail revenue growth from share gains despite weak consumer demand. ■ Increased product placements in 2,300+ stores, including 1,000+ Home Depot locations for HeatShield Roller Shades. ■ New agreements with 3rd largest home impr
Slide 11: Australia/New Zealand
AUSTRALIA/NEW ZEALAND ■ Revenue H1 FY25: $52.3 million, a 23% increase vs H1 FY24. ■ Grain storage fabric growth driven partly from share gains, with a quarter of total volume from closed-loop recycled fabric. ■ Record December sell-through at Bunnings, supported by strong inventory fulfilment. ■ In
Slide 12: Developing Markets
DEVELOPING MARKETS ■ Revenue H1 FY25: $7 million, a 50% increase vs H1 FY24. ■ Middle East revenue growth driven by project wins and share gains in Saudi Arabia. ■ UAE revenue growth with improved margins and 55% reduction in outstanding debtor balances. ■ Significant revenue growth in Europe driven
Slide 13: Other Items
OTHER ITEMS ■ Overall corporate costs increased by $2.8 million compared to prior year with $4.7 million of non-recurring costs associated with the implementation of Dynamics 365 and executive leadership changes. ■ Corporate costs expected to be lower in H2 and into FY26 compared to prior periods. ■
Slide 14: Outlook for H2 FY25
OUTLOOK FOR H2 FY25 Full-Year EBITDA Guidance: $18 to $20 million. ■ Americas: Revenue growth expected from ongoing retail share gains. Tariff increases may adversely impact underlying demand. ■ Australia: Softening demand expected in some commercial segments. ■ Middle East: Strong run rates to cont
Slide 15: Thank You
THANK YOU 145 Woodlands Drive Braeside, Victoria 3195, Australia Phone +613.9518.3333 GALEPacific.com Disclaimer: Statements contained in this presentation, particularly those regarding possible or assumed future performance, estimated company earnings, potential growth of the company, industry grow