Glg Corp Ltd · ASX:GLE
Glg — H1 FY2009 Earnings Presentation
15 slides from Glg's earnings presentation, Mar 2, 2009
Slide 1: Results Presentation for the half year ended 31 December 2008
GLG CORP LTD For personal use only Results Presentation For the half year ended 31 December 2008 1
Slide 2: Half Year Highlights
Half Year Highlights For personal use only • Sales GLG decreased Corp Ltd 11.0% to US$100.0 million. Results Half-Year Ended 31 December 2005 • Net Profit After Tax decreased 53.8% to US$2.0 million. • EPS of US 2.7 cents compared to US 5.87 cents in Dec 2007 GK Soh - Chief Executive Officer Eu Mun
Slide 3: Financial Updates 31 December 2008
For personal use only GLG Corp Ltd Financial Updates 31 December 2008 A Global Textile & Apparel Supply Chain Manager
Slide 4: Consolidated P&L Analysis: 1st half-year ended 31 December 2008
Consolidated P&L Analysis: 1st half half--year ended 31 December 2008 31 December 31 December % For personal use only 2008 2007 change US$ million US$ million Revenue 100.0 112.4 (11.0)% Cost of Sales (90.3) (100.9) (10.5)% Gross profit 9.7 11.5 688.7% Other Income 0.8 0.6 33.3% Distribution expense
Slide 5: Balance Sheet Analysis: Summary
Balance Sheet Analysis: Summary Consolidated P&L Analysis: 31 Dec 2008 31 Dec 2007 Variance Half-year ended 31 December 2005 For personal use only US$ million US$ million CURRENT ASSETS Cash 1.1 2.8 (60.7)% Trade Receivable 22.3 22.7 (1.8)% Advance, prepaymentsProforma Varience % In A$ million at a
Slide 6: Balance Sheet Analysis: Liquidity
Balance Sheet Analysis: Liquidity Consolidated Ratios P&L Analysis: Current Asset Ratios Half-year ended 31 Dec 2008 31 December 31 Dec 2007 2005 Change For personal use only Debtors turnover (days) 45 days 42 days +3 days Current Ratio (X) 6.74 x 7.01 x - 0.27x Cash US$1.1 m US$2.8 m - US$1.7 m Lev
Slide 7: Cash Flow Statement
Cash Flow Statement Consolidated P&L Analysis: Results:1st Half-year ended 31Half-year Dec 2008 ended 31 December 2008 2005 2007 For personal use only US$m US$m Receipts from customers 95.6 104.8 Payments to suppliers and employees (97.1) (98.0) Interest paidProforma In A$ million at a AUD/USD excha
Slide 8: Management & Operations Update December 08
For personal use only GLG Corp Ltd Management & Operations Update 31 December 2008 8 A Global Textile & Apparel Supply Chain Manager
Slide 9: First Half Review
First Half Review For personal use only Focus on cost control Improved relationships with supply base Mervyns liquidation MCCC settlement 9
Slide 10: Trading Conditions
Trading Conditions For personal use only Most US retailers facing declining same store sales compared to the prior year. Substantial cut back in the Asian supply base as firms exit. Opportunities exist with a number of GLG customers 10
Slide 11: Outlook & Prospects
For personal use only Outlook & Prospects 11 A Global Textile & Apparel Supply Chain Manager
Slide 12: Marketplace
Marketplace For personal use only Low consumer confidence leading to declining retail sales with no expectations of a rebound at least until 2010. GLG Corp Ltd Retail Resultsfocus on inventory control adding to the downward pressure Half-Yearon order Ended 31size. December 2005 Solid relationships w
Slide 13: Sales Bookings and Shipments Update (US$ Million)
Sales Bookings and Shipments Update (US$ Million) FY08 FY09 Remarks For personal use only Actual Sales Actual Sales Jul – Sep Q1 59.4 51.9 100% completed for Q1 Oct – Dec Q2 53.0 49.0 100% completed for Q2 Total 112.4 100.9 Sales Bookings Jan- Mar Q3 46.2 49.8 Bookings 100% Completed, ~60% Shipped A
Slide 14: 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
Slide 15: Thank You
For personal use only Thank You 15 A Global Textile & Apparel Supply Chain Manager