Slide 1: GLG Corp Ltd Results Presentation, year ended 30 June 2008
GLG CORP LTD For personal use only Results Presentation For the year ended 30 June 2008 1
Slide 2: 2008 Financial Year Overview
2008 Financial Year Overview For personal use only US retail market negatively impacted by credit crisis; GLG Corp Ltd Declining Results US consumer confidence; Half-Year Impact onEnded 31 December large retail 2005 sector including “Linens and Things”, “Mervyn’s” both operating under Chapter 11 Ban
Slide 3: 2008 Financial Year Overview
2008 Financial Year Overview For personal use only Sales decreased 5.2% to US$209.1 million; GLG Corp Ltd NPAT Resultsof US$6.3 million (down 21.8% from 2007 and consistent with trading update issued in Dec 2007.); Half-Year Ended 31 December 2005 EPS of US 8.5 cents. PER 3.0x; NTA per share US 33.9
Slide 4: Financial Update
GLG Corp Ltd For personal use only GLG Corp Ltd Financial Update Results 30 Half-Year June 2008 Ended 31 December 2005 GK Soh - Chief Executive Officer Eu Mun Leong - Chief Financial Officer 6-7 March 2006 4 A Global Textile & Apparel Supply Chain Manager
Slide 5: Consolidated P&L Analysis: Full-year ended June 2008
Consolidated P&L Analysis: Full--year ended 30 June 2008 Full For personal use only 30 June 30 June 2008 2007 Change US$ million US$ million Revenue 209.1 220.6 (5.2)% Cost of Sales (188.1) (199.0) 5.5% Gross profit 21.0 21.6 (2.8)% Other Income 1.2 2.0 (40.0)% Distribution expenses (1.7) (1.3) (30.
Slide 6: Balance Sheet Analysis: Summary
Balance Sheet Analysis: Summary Consolidated P&L Analysis: 30 Jun 2008 30 Jun 2007 Change Half-year ended US$ million31 December US$ million 2005 For personal use only CURRENT ASSETS Cash 3.8 2.5 52.0% Trade Receivable Proforma In A$ million at a AUD/USD Varience % exchange rate of 0.73 Varienc 20.7
Slide 7: Balance Sheet Analysis: Liquidity & Gearing Ratios
Consolidated P&L Analysis: Balance Sheet Analysis: Half-yearLiquidity & Gearing ended 31 December 2005 Ratios For personal use only 30 Jun 2008 30 Jun 2007 In A$ million at a AUD/USD exchange rate of 0.73 Proforma VarienceCurrent % Asset Ratios Varienc (For illustration purposes only. 31 December 31
Slide 8: Cash Flow Statement
Consolidated P&L Analysis: Cash Flow Statement Half-year ended 31 December 2005 For personal use only 2008 2007 Results: Full-year ended 30 June 2008 US$m US$m Receipts from customers 207.2 223.4 Payments toProforma suppliers and employees In A$ million at a AUD/USD exchange rate of 0.73 Varience %
Slide 9: Marketplace Update
GLG Corp Ltd For personal use only GLG Corp Ltd Update Marketplace Results 29 Half-Year August 2008 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 Corp Ltd Marketplace Results Half-Year Cost Ended reduction 31 December pressure driving2005 consolidation of buying teams at the large US retailers Reactive buying patterns from customers, leading to “see how it sells and react orders”, smal
Slide 11: Marketplace Update contd..
GLG Corp Ltd Marketplace Update contd.. For personal use only GLG Corp Ltd Pricing/Margin Results Half-Year Ended 31 December 2005 Customers chasing lowest price goods, however now willing to partially share “margin crunch” coming from higher production costs; Customers investigating lower cost prod
Slide 12: Marketplace Update contd.. New Sales Channels
GLG Corp Ltd Marketplace Update contd.. For personal use only GLG New Corp Sales Ltd Channels Results Europe: Benetton; Half-Year Ended 31 December 2005 Value Based: Family Dollar & Dollar General. More Sophisticated Customer Management Focus on financially strong accounts such as Wal-Mart; GK Soh T
Slide 13: GLG Response to Marketplace
GLG Corp Ltd For personal use only Marketplace Update contd.. GLG Corp Ltd GLG Response to Marketplace Results Half-Year Cost controlEnded 31 December 2005 Close monitoring of Customer Performance Adding to Sales Management capacity. Business Model Review; GK consolidation Factory Soh - Chief Execut
Slide 14: Sales Bookings and Shipments Update (US$ Million)
Sales Bookings and Shipments Update (US$ Million) For personal use only FY 08 FY 09 Remarks Actual Sales Sales Bookings Jul – Sep Q1 59.5 52.0 Bookings 100% complete 65% of Bookings shipped Oct - Dec Q2 53.0 49.2 Bookings continuing 112.4 101.2 Jan -Mar Q3 46.2 Apr-Jun Q4 50.5 Total 96.7 Full Year T
Slide 15: 2009 Outlook
GLG Corp Ltd For personal use only 2009 Outlook GLG Corp Ltd Difficult Resultstrading conditions in the United States; Half-Year Ended 31 December 2005 Retail uncertainty: future of Mervyns and others; No forecast growth in revenue; Cost control should assist in improving profitability; and Review o
Slide 16: Thank You
For personal use only Thank You 16 A Global Textile & Apparel Supply Chain Manager