Glg Corp Ltd · ASX:GLE
Glg — Shareholder Meeting (October 2006)
23 slides from Glg's shareholder meeting presentation, Oct 20, 2006
Slide 1: Annual General Meeting October 2006
Annual General Meeting 20 October 2006
Slide 2: Meeting Format
GLG CORP LTD — 2006 Annual General Meeting Meeting Format « Deputy Chairman Review # Accounts and Reports “ Formal Resolutions ® Other Business Close
Slide 3: Introductions
GLG CORP LTD - 2006 Annual General Meeting Introductions GLG Corp + Estina Ang Suan Hong - Chairman and Chief Executive Officer * Samuel Weiss — Non Executive Deputy Chairman * Eu Mun Leong — Director and Chief Financial Officer + Ernest Seow — Independent Director * Yong Yin Min — Director * Candid
Slide 4: Deputy Chairman's Review
DEPUTY CHAIRMAN’S REVIEW OD
Slide 5: Financial Year Highlights
Financial Year Highlights t Initial Public Offering completed in December 2005. Forecast Net Profit After Tax of US$9.3 million achieved. Unfranked dividend of US6.2 cents per share (AUD 8.06 cents). # Exceeded forecast dividend yield (8.0% vs 7.7%). # Commenced sales to new targeted customers. Slig
Slide 6: Operational Highlights
Operational Highlights Product Supply i® Manufacturing capacity growth of 20%. Increased factory production from lower cost countries of Indonesia, Cambodia and Malaysia. ® Implementation of manufacturing ERP system has begun Marketing & Management # Group COO appointed to manage day to day operatio
Slide 7: GLG Corp Ltd Financial Update June 2006
GLG Corp Ltd Financial Update 30 June 2006
Slide 8: Consolidated P&L Analysis
Consolidated P&L Analysis: Full-year ended 30 June 2006 30 June 30 June % 2006 2005 change US$ million US$ million Revenue 197.8 196.1 0.8% Cost of Sales (178.2) (177.8) (0.3)% Gross profit 19.6 18.3 6.6% Other Income 2.3 1.5 52.3% Distribution expenses (1.1) (1.2) (7.6)% Administrative expenses (8.
Slide 9: Balance Sheet Analysis: Summary
Balance Sheet Analysis: Summary 30 Jun 2006 30 Jun 2005 Variance US$ million US$ million CURRENT ASSETS Cash 5.1 2.0 152.0% Trade Receivable 16.8 10.7 57.3% Advance, prepayments & other receivable 07 4.0 (33.3)% Inventory - 1.5 - NON-CURRENT ASSTES 9.1 9.2 (1.2)% TOTAL ASSETS 34.7 24.4 29.7% CURRENT
Slide 10: Cash Flow Statement
Cash Flow Statement Results: Full-year ended 30 June 2006 2006 2005 US$m US$m Receipts from customers 194.4 189.8 Payments to suppliers and employees (185.3) (188.1) interest paid (0.8) (0.5) Income taxes refund/ (paid) (0.5) (0.7) interest received a4 - Net Operating Cash Flows 8.2 0.5 Purchases of
Slide 11: GLG Corp Ltd Management & Operations
GLG Corp Ltd Management & Operations OD
Slide 12: GLG Corp Ltd Management
S = = GLG Corp Ltd Management
Slide 13: New Branded Customers & Products
New Branded Customers & Products Carters Calvin Klein Gear For Sports Russell Phillips-Van Heusen (PVH) Levi Strauss & Co. Sara Lee Columbia Sportswear Target Revenue of US$25 million to US$40 million p.a.
Slide 14: PD&D Organization & Strategy
PD&D Organization & Strategy t¢ Designers have been assigned to customer-focused teams. tt Sourcing coordinator added improve response times for fabric and trims development. ® Stronger emphasis on embellishments — latest wash processes, hand-work, embroideries, printing. Retail design calendar trac
Slide 15: Sales Bookings and Shipments Update (US$ Million)
Sales Bookings and Shipments Update (US$ Million) FY06 FY07 Remarks Actual Sales Actual Sales/ Sales Bookings Jul ~ Sep Q1 56.3 59.5 100% completed for Q1 Oct — Dec Q2 51.6 62.1 25% completed for Q2 Total 107.9 121.6 ‘@ Actual Sales from sales booking are heavily dependent on suppliers meeting deliv
Slide 16: Outlook & Prospects - Summary
Outlook & Prospects - Summary Management & Operations — Continue process of building management team bench strength. ~ Deliver organic growth from existing customer base. ~ Drive incremental growth with new customers. — Concentrate product design & development on value added features. ~ Maintain exi
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Slide 18: 2006 Accounts and Reports
GLG CORP LTD - 2006 Annual General Meeting 2006 ACCOUNTS AND REPORTS _
Slide 19: Formal Resolutions
GLG CORP LTD - 2006 Annual General Meeting FORMAL RESOLUTIONS
Slide 20: Resolutions
GLG CORP LTD - 2006 Annual General Meeting Resolutions @ a Resolution 1 — Adoption of Remuneration Report Resolution 2 ~ Appointment of Mr Yin Min Yong Resolution 3 ~ Re-Election of Mr Christopher Chong Meng Tak Resolution 4 — Re-Election of Mr Ernest Seow Teng Peng Resolution 5 — Appointment of Del
Slide 21: Other Business and Question Time
GLG CORP LTD — 2006 Annual General Meeting OTHER BUSINESS AND QUESTION TIME
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Slide 23: Cautionary note on forward-looking statements
Cautionary note on forward-looking statements This presentation may contain statements regarding the business of GLG Corp Limited and its subsidiaries (Group’) that are of a forward fooking nature and are therefore based on management's assumptions about future develeprnents. Such forward looking st