Delta Galil Industries Ltd. · TASE:DELG

Delta Galil Industries — Q1 2015 Earnings Presentation

15 slides from Delta Galil Industries's earnings presentation, 2015

  1. Slide 1: Results Overview Q1 2015

    vee OVERVIEW ai 2015 GALIL INDUSTRIES LTD

  2. Slide 2: Results Overview

    ‫האמור במצגת בכל הקשור לניתוח פעילותיה של החברה הינו תמצית בלבד‪ ,‬ועל מנת לקבל תמונה מלאה של פעילות החברה ושל הסיכונים עימם‬ ‫מתמודדת החברה‪ ,‬יש לעיין בדיווחיה השוטפים של החברה לרבות בדוח הרבעוני לתקופה שהסתיימה ביום ‪ 31‬במרס ‪.2015‬‬ ‫בין היתר‪ ,‬העובדות והנתונים ששימשו בסיס למידע המפורט במצגת ז

  3. Slide 3: Q1 2015 Highlights

    Q1 2015 HIGHLIGHTS 13% GROWTH IN ORIGINAL CURRENCY ($ MILLION) % % CHANGE Q1 Q1 CHANGE IN ORIGINAL SALES IN ORIGINAL CURRENCY 2015 2014 VS LAST 13% CURRENCY UP 13%, REPORTED SALES YEAR UP 6% TO $252.8M Sales 252.8 238.1 6% 13% 3% OPERATING PROFIT INCREASED 3% TO $15.3M COMP. TO $14.8M Operating Prof

  4. Slide 4: Strong Balance Sheet

    STRONG BALANCE SHEET ($ MILLION) MARCH. 31 % MARCH. 31 % 2015 FROM TOTAL 2014 FROM TOTAL Cash and cash equivalents 145.8 21% 52.8 8% $328M EQUITY $328M Other current assets 319.0 45% 306.1 49% Total current assets 464.8 66% 358.9 57% NET DEBT/CAP RATIO DOWN 14.9% Fixed assets & Intangible TO 14.9% F

  5. Slide 5: Improved Financial Indicators

    IMPROVED FINANCIAL INDICATORS 31.03.2015 31.03.2014 Current ratio 3.00 2.55 Quick ratio 1.80 1.27 Days of Sales Outstanding 39 41 Days Payable Outstanding 33 33 Inventory Days 93 97 Operating cash flow - Q1 ($ million) (19.8) (6.6) Operating cash flow - Last 4 Quarters ($ million) 40.1 52.9 EBITDA -

  6. Slide 6: Results on a Quarterly Basis

    RESULTS ON A QUARTERLY BASIS EXCLUDING ONE TIME ITEMS ($ THOUSANDS) 2014 2015 LAST 4 QUARTERS Q1 Q2 Q3 Q4 Q1 Net Sales 238,074 249,152 267,237 277,398 252,838 1,046,625 EBIT before one time items 14,838 15,538 21,672 22,305 15,329 74,844 % 6.2% 6.2% 8.1% 8.0% 6.1% 7.2% EBITDA 19,026 19,863 26,108 27

  7. Slide 7: Sales Analysis by Geographic Area

    SALES ANALYSIS BY GEOGRAPHIC AREA 13% GROWTH IN ORIGINAL CURRENCY ($ MILLION) Q1 % CHANGE IN ORIGINAL 2015 % OF SALES 2014 % OF SALES % CHANGE CURRENCY North America 146.7 58% 124.9 52% 17% 17% Germany 40.4 16% 41.9 18% (4%) 16% Europe 35.3 14% 42.9 18% (18%) (11%) (excluding Germany) Israel 28.1 11

  8. Slide 8: Q1 Sales and EBIT by Segment

    Q1 SALES AND EBIT BY SEGMENT ($ THOUSANDS) SALES EBIT Q1 2015 Q1 2014 % CHG. Q1 2015 Q1 2014 Delta USA 111,673 91,915 22% 4,878 3,906 % from segment sales 4.4% 4.3% Global Upper Market 66,106 70,258 (6%) 4,389 5,738 % from segment sales 6.6% 8.2% Schiesser 48,643 52,793 (8%) 6,011 4,851 % from segme

  9. Slide 9: Segmental Results on a Quarterly Basis

    SEGMENTAL RESULTS ON A QUARTERLY BASIS EXCLUDING ONE TIME ITEMS ($ THOUSANDS) 2014 2015 TRAILING TWELVE Q1 Q2 Q3 Q4 Q1 MONTHS EBIT SALES EBIT SALES EBIT SALES EBIT SALES EBIT SALES EBIT SALES Delta USA 3,906 91,915 7,945 117,339 7,841 116,680 7,254 123,023 4,878 111,673 27,918 468,715 % from sales 4

  10. Slide 10: Reiterating 2015 Guidance

    REITERATING 2015 GUIDANCE EXCLUDING ONE TIME ITEMS BASED ON CURRENT MARKET CONDITIONS EX-RATES USED: EURO/USD 1.12; USD/NIS 3.90 ($ MILLION EXCEPT PER SHARE DATA) % INCREASE 2012 2013 2014 2015 2015 GUIDANCE IN ORIGINAL ACTUAL ACTUAL ACTUAL GUIDANCE COMPARED TO CURRENCY 2014 ACTUAL Sales 817.8 974.7

  11. Slide 11: Capital Expenditures

    CAPITAL EXPENDITURES INVESTING IN OUR FUTURE GROWTH ($ MILLION) OTHER INVESTMENTS EGYPT– COMPLETION OF NEW DYE HOUSE ACQUISITION (TOTAL INVESTMENT $3.5M) 2.0 8.4 CAPEX 5.1 MANUFACTURING 4.5 SCHIESSER (MAINLY IN STORES AND EXCLUDING MANUFACTURING) 0.8 ISRAELI MARKET (MAINLY IN RETAIL STORES) 0.5 NEW

  12. Slide 12: Diversified Portfolio

    DIVERSIFIED PORTFOLIO % FROM SALES (FOR Q1 2015) BUSINESS SEGMENTS DELTA USA GLOBAL UPPER MARKET SCHIESSER DELTA ISRAEL 44% 26% 19% 11% PRODUCT CATEGORIES LADIES MENS SOCKS KIDS 52% 21% 15% 12% GEOGRAPHIC AREA NORTH AMERICA EUROPE ISRAEL 58% 30% 12% BRANDED / PRIVATE LABEL BRANDED PRIVATE LABEL 54%

  13. Slide 13: Q1 2015 Summary

    Q1 2015 SUMMARY 13% ORGANIC GROWTH IN NEUTRAL CURRENCY BASIS CONTINUES IMPROVEMENT IN DELTA USA PERFORMANCE. 22% TOP LINE ‎GROWTH CONTINUED IMPROVEMENT IN SCHIESSER RESULTS. 12% GROWTH IN NEUTRAL CURRENCY BASIS INTEGRATING NEW JV'S IN SOCKS AND SEAMLESS PRODUCTION $3.5 MILLION DIVIDEND R E S U LT S

  14. Slide 14: 2015 Highlights

    2015 HIGHLIGHTS WE OPENED OUR NEW SEAMLESS R&D CENTER AT NIKE HQ IN PORTLAND, OREGON CONTINUE TO GROW TOP LINE ORGANICALLY BY 7-9%‎ IN ORIGINAL CURRENCY HEADWINDS FROM EX-RATES FLUCTUATIONS ADDITIONAL GROWH UNDER MAURICE REZNIK’S LEADERSHIP OF THE U.S INTIMATE BUSINESS WE ARE ON TRACK TO OPEN OUR NE

  15. Slide 15: Thank You

    THANK YOU

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