Slide 1: Results Presentation for the half year ended 31 December 2007
GLG CORP LTD For personal use only Results Presentation For the half year ended 31 December 2007 1
Slide 2: Half Year Highlights
Half Year Highlights For personal use only GLG Corp • Sales Ltd decreased 12.3% to US$112.4 million. Results Half-Year Ended 31 December 2005 • Net Profit After Tax decreased 18.5% to US$4.4 million. • EPS of US 5.9 cents. GK Soh - Chief Executive Officer • NTA perLeong Eu Mun share US- 31.4 Chiefce
Slide 3: Financial Updates December 2007
For personal use only GLG Corp Ltd Financial Updates 31 December 2007 A Global Textile & Apparel Supply Chain Manager
Slide 4: Consolidated P&L Analysis
Consolidated P&L Analysis: 1st half-year ended 31 December 2007 For personal use only 31 December 31 December % 2007 2006 change US$ million US$ million Revenue 112.4 128.2 (12.3)% Cost of Sales (100.9) (115.7) 12.8% Gross profit 11.5 12.5 (8.0)% Other Income 0.6 1.0 (40.0)% Distribution expenses (0
Slide 5: Balance Sheet Analysis: Summary
Balance Sheet Analysis: Summary Consolidated P&L Analysis: 31 Dec 2007 31 Dec 2006 Variance Half-year ended 31 December 2005 For personal use only US$ million US$ million CURRENT ASSETS Cash 2.8 1.9 47.4% In A$ million at a AUD/USD Proforma Varience % exchange rate of 0.73 Trade Receivable Varienc 2
Slide 6: Balance Sheet Analysis: Liquidity
Balance Sheet Analysis: Liquidity Consolidated Ratios P&L Analysis: Current Asset Ratios Half-year 31 Decended 2007 31 31 December Dec 2006 2005 Change For personal use only Debtors turnover (days) 42 days 44 days -2 days Current Ratio (X) 7.01 x 1.19 x +5.82x Cash US$2.8 m US$1.9 m +US$0.9 m Levera
Slide 7: Cash Flow Statement
Cash Flow Statement Consolidated P&L Analysis: Results:1st Half-year ended 31 Dec 2007 2007 2006 Half-year ended 31 December US$m 2005 US$m For personal use only Receipts from customers 104.8 110.5 Payments to suppliers and employees (98.0) (108.0) Interest paid (0.5) (0.3) Income taxes Proforma Var
Slide 8: Management & Operations Update December 07
For personal use only GLG Corp Ltd Management & Operations Update 31 December 2007 8 A Global Textile & Apparel Supply Chain Manager
Slide 9: GLG Corp Ltd Management Structure
GLG GLG Corp Corp Ltd Ltd Management Structure Management For personal use only Board Executive Chairman/ CEO Estina Ang Suan Hong Chief Product Sourcing and Business Group CFO Chief Marketing Officer Development Eu Mun Leong Surina Gan Meng Hui Officer Agnes Ng Moi Ngw 9
Slide 10: New Customers
New Customers For personal use only Customer Revenue Abercrombie & Fitch $ 5.0 mil Pacific Sunwear $ 1.8 mil Family Dollar $ 1.5 mil Benneton (UK) $ 0.1 mil New Balance (Asia Pacific) $ 0.1 mil 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 growth in US Retail Market has intensified price competition in all channels. GLG Corp Ltd Cost Resultsincrease and labour law changes has eroded competitiveness Half-Year Ended 31inDecember China. 2005 Production capacity growth is shifting to Vietnam, Cambodia
Slide 13: Sales Bookings and Shipments Update
Sales Bookings and Shipments Update (US$ Million) For personal use only FY07 FY08 Remarks Actual Sales Actual Sales Jul – Sep Q1 59.5 59.4 100% completed for Q1 Oct – Dec Q2 68.7 53.0 100% completed for Q2 Total 128.2 112.4 Sales Bookings Jan- Mar Q3 48.5 45.8 * Apr-Jun Q4 43.9 65.4 * Total 92.4 111
Slide 14: Outlook & Prospects - Summary
Outlook & Prospects - Summary For personal use only Acquisitions & Corporate Actions Woven SCM Reviewing Sourcing – Bangladesh Reviewing Private Label Development Developing Secondary Listing on SGX Discussions 14
Slide 15: 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 16: Thank You
For personal use only Thank You 16 A Global Textile & Apparel Supply Chain Manager