Glg Corp Ltd · ASX:GLE
Glg — Shareholder Meeting (November 2009)
22 slides from Glg's shareholder meeting presentation, Nov 30, 2009
Slide 1: Annual General Meeting 30th November 2009
GLG CORP LTD For personal use only Annual General Meeting 30th November 2009 WELCOME 1
Slide 2: Meeting Format
GLG CORP LTD – 2009 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 – 2009 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 • Eu Mun Leong – Executive Director (Via telephone) • Ernest Seow Teng Peng – Indep
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: Financial Year Summary
Financial Year Summary For personal use only Sales decreased 6.27% to US$196.0 million. GLG Corp Ltd NPAT of US$2.1 million (down 66.7% from 2008) Results Half-Year EPS of USEnded 2.81 31 December cents. 2005 PER 8.5x*. NTA per share US 40 cents. Up 17.0% GK Soh - Chief Executive Officer Eu Mun Leon
Slide 6: Consolidated P&L Analysis: Full-year ended June 2009
Consolidated P&L Analysis: Full--year ended 30 June 2009 Full For personal use only 30-Jun 30-Jun % 2009 2008 Change US$ million US$ million Revenue 196.0 209.1 (6.26)% Cost of Sales (176.9) (188.1) (5.95)% Gross profit 19.1 21.0 (9.05)% Other Income 1.5 1.2 (50.00)% Distribution expenses (2.1) (1.7
Slide 7: Balance Sheet Analysis: Summary
Balance Sheet Analysis: Summary Consolidated P&L Analysis: 30 Jun 2009 30 Jun 2008 Variance Half-year ended 31 December 2005 For personal use only US$ million US$ million CURRENT ASSETS Cash 6.8 3.8 78.9% In A$ million at a AUD/USD Trade Receivable Proforma exchange rate of 0.73 Varience % Varienc 2
Slide 8: Cash Flow Statement
Cash Flow Statement Consolidated P&L Analysis: Half-year ended 31 December Results: Full-year ended 30 June 2009 2009 2005 2008 For personal use only US$m US$m Receipts from customers 196.7 207.2 Payments to suppliers and employees (194.7) (198.6) Interest paid Proforma In A$ million at a AUD/USD Va
Slide 9: GLG Corp Ltd Update: Marketplace 2009/2010
GLG Corp Ltd For personal use only GLG Corp Ltd Update Marketplace Results 2009/2010 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 LowCorp Ltdconfidence. consumer Results Retail sales Half-Year declines Ended have continued 31 December 2005 into fiscal 2010. Buying patterns from customers remained reactive, leading to “see how it sells and react orders”, smaller bulk pu
Slide 11: GLG Response to Marketplace
GLG Corp Ltd: GLG Response to Marketplace For personal use only New Sales Channels GLG JointCorp Ltd Venture in United States Results ValueEnded Half-Year Based: 31Dollar General. December 2005 Provision of design services Europe: Higher sales to Benetton; Management Disciplines CostGKControl Soh an
Slide 12: Sales Bookings and Shipments Update (US$ Million)
Sales Bookings and Shipments Update (US$ Million) For personal use only FY08 FY09 Remarks Actual Sales Sales Bookings Q1: Jul – Sep 51.9 51.1 Shipments 100% completed Q2: Oct – Dec 48.1 42.4 65% of Bookings shipped. * Q3: Jan – Mar 47.2 46.2 Bookings are approx 80% complete. Q4: Apr-Jun 48.8 Mild ma
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: 2009/10 Outlook
GLG Corp Ltd For personal use only 2009/10 Outlook GLG Corp Ltd Results Half-Year Ended 31 in December 2005 Trading conditions the United States remained slow, mild recovery likely only in second half of 2010; No forecast growth in revenue; Cost control should assist in improving profitability but m
Slide 15: Thank You
For personal use only Thank You 15 A Global Textile & Apparel Supply Chain Manager
Slide 16: 2009 Accounts and Reports
GLG CORP LTD – 2009 Annual General GeneralMeeting Meeting For personal use only 2009 ACCOUNTS AND REPORTS 16
Slide 17: Formal Resolutions
GLG CORP LTD – 2009 Annual General GeneralMeeting Meeting For personal use only FORMAL RESOLUTIONS 17
Slide 18: Resolutions
GLG CORP LTD – 2009 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 Ernest Seow Teng Peng 18
Slide 19: Resolutions – Proxy Voting
GLG CORP LTD – 2009 Annual General GeneralMeeting Meeting For personal use only Resolutions – Proxy Voting GLG Corp Ltd 2009 Annual General Meeting Proxy Voting For Open Against Resolution 1: Adoption of Remuneration Report 59,392,462 30,000 37,500 Resolution 2: Re-election of Christopher Chong Meng
Slide 20: Other Business and Question Time
GLG CORP LTD – 2009 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