Slide 1: Results for Year Ended 30 June 2011
For personal use only Peter McDonald Managing Director & CEO Jeff Cox Chief Financial Officer RESULTS FOR YEAR ENDED 30 JUNE 2011 REF: PM0531
Slide 2: FY11 Results – Key Points
FY11 Results – Key Points For personal use only • NPAT up 18% to $7.1 million. • Earnings per share of 2.4 cents. Return on invested capital (EBIT/shareholders funds plus net debt) improved to 13.5% in FY11 from 12.2% in FY10. • Net Debt of $5.7 million. Net debt / equity ratio 8%. • Full year divid
Slide 3: FY11 Results – Key Points
FY11 Results – Key Points For personal use only • Sales down 3% to $95.6 million – poor weather conditions in Australia. • EBITDA down 4% to $15.8 million – translation of foreign currency earnings impact to stronger A$. • EBIT up 6% to $9.9 million. EBIT is 10% to sales. • Gale owns it’s own low co
Slide 4: FY11 Results – Key Points
FY11 Results – Key Points For personal use only • Growth is forecast from the core business. • Acquisition of Zone Hardware and Riva Window Fashions in June 2011. • The Company is lightly geared and pursuing further complementary acquisitions. • Gale’s recent share price of 20 cents reflects an EPS
Slide 5: FY11 Review
FY11 Review For personal use only FY11 FY10 A$M’S A$M’S % Variance Sales 95.6 98.8 - 3% EBITDA 15.8 16.5 - 4% EBIT 9.9 9.3 + 6% NPAT 7.1 6.0 +18% Earnings per share - cents 2.4 2.1 +14% Dividends per share - cents 2.2 2.0 +10% Cash from operations 11.4 18.0 -37% Net cash on deposit/ (net debt) (5.7)
Slide 6: Operating Cash Flow
Operating Cash Flow For personal use only Capital Expenditure (4.0) (3.4) (1.0) (1.2) (0.6) (Gross) Dividends Paid - - - - (8.4)
Slide 7: Operating Cash Flow
Operating Cash Flow For personal use only • Operating cash generated of $11.4M for FY11. • Annual operating cash flow average of $11.8M per annum over last 5 years. • Operating cash flow down in FY11 due to higher inventory levels from poor summer conditions in Australia and higher tax payments. • L
Slide 8: Changes in Net Debt
Changes in Net Debt For personal use only $M’s
Slide 9: Debt Position
Debt Position For personal use only • Net debt at 30 June 2011 of $5.7 million. • Net debt to equity at 8%. • Net debt increase due to acquisition of Zone Hardware and Riva Window Fashions. • Interest cover of 11.5 times (EBIT/interest).
Slide 10: Regional Business Unit Results
Regional Business Unit Results For personal use only FY11 Sales FY11 EBITDA Asia Pacific Down 5% Down 2% 67.5M 9.1M Americas FY11 Sales FY11 EBITDA Up 3% Down 37% (US$’s) 19.3M 0.5M Middle East FY11 Sales FY11 EBITDA Up 18% Up 44% (US$’s) 6.4M 1.3M China FY11 EBITDA Up 16% (US$’s) * 5.0M * Commercia
Slide 11: Outlook
Outlook For personal use only • Gale has an exciting range of branded products established in several world markets. • Gale has expanded the business strategy to offer a much broader range of branded industrial and consumer shading, screening and home improvement products. • FY12 will see the full c
Slide 12: Outlook
Outlook For personal use only • FY12 is off to a positive start and with the addition of the Zone and Riva businesses and planned sales expansion in our core businesses we expect to deliver an increase in sales of approximately 20% and another solid profit result this financial year. • Further acqui
Slide 13: Overview of Gale Pacific Limited
Overview of Gale Pacific Limited For personal use only • Gale Pacific Limited is a trusted global marketer and manufacturer of branded industrial and consumer screening, shading and home improvement products. • Gale has operations in five countries, with its principal manufacturing facilities locate
Slide 14: Coolaroo
Coolaroo For personal use only The Company’s retail products are marketed worldwide under the Coolaroo brand. Major products include exterior fabrics, pre-packaged interior and exterior window furnishings, synthetic grass, umbrellas and gazebos, shade sails, landscape and weed control fabrics, green
Slide 15: Synthesis
Synthesis For personal use only The Company produces a range of industrial products which are marketed under the Synthesis brand. Product applications include architectural tension structures, specialised tank liners, grain storage covers, silage covers, cotton module covers, poultry houses, dam lin
Slide 16: Zone
Zone For personal use only Zone Hardware markets branded DIY home improvement products including pre- packaged interior and exterior window furnishings, folding doors, insect screening products, cable management products and bathroom and kitchen storage products.
Slide 17: Riva
Riva For personal use only Riva Window Fashions markets a broad range of custom made interior and exterior window furnishings. • Riva and Bunnings will offer a comprehensive range at competitive prices with a full product range displayed in over 180 Bunnings retail outlets. • Measure and quote, and
Slide 18: Disclaimer
Disclaimer For personal use only Statements contained in this presentation, particularly those regarding possible or assumed future performance, estimated company earnings, potential growth of the company, industry growth or other trend projections are or may be forward looking statements. Such stat