Slide 1: Results Presentation
Results Presentation For the year ended 30 June 2006
Slide 2: Financial Year Highlights
Financial Year Highlights ® Initial Public Offering completed in December 2005. i Forecast Net Profit After Tax of US$9.3 million achieved. # Unfranked dividend of US6.2 cents per share. i Exceeded forecast dividend yield. Commenced sales to new targeted customers. Slight improvement in overall gros
Slide 3: Financial Highlights
Financial Highlights FY 06 Prospectus FY 05 Forecast (FY 06) Revenue (US$ million) 197.8 215.2 196.1 Gross Profit (US$ million) 19.6 20.8 18.4 EBITA (US$ million) 11.4 11.8 9.9 NPAT (US$ million) 9.3 9.3 7.7 EPS (US cents per share) 13.85 13.85 13.1 NTA (US cents per share) 25.85 25.85 NA Proposed u
Slide 4: Revenue Highlights
Revenue Highlights US#039;000 420,000 400,000 80,000 60,000 40,000 20,000 Sales by Category US#039;000 Department Stores @ Mass Merchant O Speciality Retailer Qty/Dz 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 i Department Stores @ Mass Merchant O Speciality Retailer
Slide 5: Average Pricing per Dozen
Average Pricing per Dozen US$/ dz 54.00 50.00 46.00 42.00 38.00 34.00 Price per Dozen —— Department Stores — Mass Merchant Speciality Retailer 2004 2005 2006
Slide 6: Operational Highlights
Operational Highlights Product Supply @ Manufacturing capacity growth of 20%. ® Increased factory production from lower cost countries of Indonesia, Cambodia and Malaysia. % Implementation of manufacturing ERP system has begun Marketing & Management # Group COO appointed to manage day to day operati
Slide 7: Manufacturing Sites
Manufacturing Sites COUNTRY OF ORIGIN FOR MANUFACTURING Brunei, Guatemala, Singapore Malaysia, Sri Lanka 1 2007 @ 2006 @ 2005 0 2004 Fiji China Cambodia, Indonesia, India ete
Slide 8: GLG Corp Ltd Financial Update June 2006
GLG Corp Ltd Financial Update 30 June 2006
Slide 9: Consolidated P&L Analysis
Consolidated P&L Analysis: Full-year ended 30 June 2006 30 June 30 June % 2006 2005 change US$ 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 10: Profit & Loss Commentary
Profit & Loss Commentary Revenue . Maintained revenue whilst bringing on stream new capacity (Malaysia, Sri Lanka and Indonesia) replacing Fiji’s production. . Second half revenue constrained due partly to late fabric delivery arising from a flood at suppliers mill. . Other recurrent income (logisti
Slide 11: 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 12: Balance Sheet Commentary
Balance Sheet Commentary Cash increased because of both operational performance and IPO receipts. Trade receivables went up because of a large end of year shipment as well as increased sales to a customer with above average payment terms. 50% to 60% of Trade debtors secured by Letters of Credit. No
Slide 13: Balance Sheet Analysis: Liquidity Ratios
Balance Sheet Analysis: Liquidity Ratios Current Asset Ratios 30 Jun 2006 30 Jun 2005 Change Debtors turnover (days) 31 days 19 days 12 days Current Ratio (X) 2.37 xX 0.71x 1.66 x Cash US$5.1 m US$2.0m +US$3.1 m
Slide 14: Balance Sheet Analysis: Gearing Ratios
Balance Sheet Analysis: Gearing Ratios 30 June 2006 | 30 Jun 2005 Change Leverage Debt to Equity 0.09 x Not Not meaningful | meaningful Interest Coverage 12.2 x 17.5x 5.3x Total bank facilities available US$80m US$80m - Average usage of bank facilities (%) | 58% 66% (8)%
Slide 15: Cash Flow Statement
Cash Flow Statement Results: Full-year ended 30 June 2006 2006 2005 US$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 16: Cash Flow Commentary
Cash Flow Commentary @ Cash from operating activities improved to an inflow of US$8.2 million as at 30 June 2006 compared to inflow of US$0.5 million as at 30 June Operating cash flow has improved because of higher receipts from customers and a tax refund from prior years.
Slide 17: Management & Operations Update June 2006
GLG Corp Ltd Management & Operations Update 30 June 2006
Slide 18: GLG Corp Ltd Management Update
GLG Corp Ltd Management Update S = RECENT APPOINTMENTS =
Slide 19: Management Update
Management Update @ Mr GK Soh retired in June 2006. # Ms. Estina Ang resumed the role of CEO in June 2006 ® Mr. Yin Min Yong appointed to the Board of Directors in June 2006. w Candida Chung appointed Group Chief Operating Officer in September 2006. @ Pigien Ong appointed New York Sales office head
Slide 20: Marketing & Sales Strategy Updates
Marketing & Sales Strategy Updates 8 new customers: Department Stores, Specialty Retailers & Branded Apparel Companies Focus on Sales & Marketing offices in Hong Kong & New York City to drive business growth. - Hong Kong office positioned to service new customers and expanded for Sourcing, Sampling,
Slide 21: New Branded Customers
New Branded Customers 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$40 million p.a.
Slide 22: PD&D Organization & Strategy
PD&D Organization & Strategy t¢ Designers have been assigned to customer-focused teams. tt Sourcing coordinator added improve response times for fabric and trims development. ® Stronger emphasis on embellishments — latest wash processes, hand-work, embroideries, printing. Retail design calendar trac
Slide 23: Product Trends
Product Trends Summer 07 Women’s A rel # Fabric- light weight, novelty, cotton blends omen's Appare t« Style- Empire cuts, Tunic tops, Puffed sleeves, longer lengths te Others- Increase in graphic prints, lace, eyelet lace and washes Men’s Apparel we Fabric- lightweight, slub yam # Style- usual clas
Slide 24: Contrast Trims Tunics
Contrast Trims Tunics
Slide 25: Global Textile & Apparel Supply
A Globe) exile & Apparel Supply
Slide 26: Market Drivers
Market Drivers “ Consolidation of US retail market with Sears/ Kmart and Federated/ May Department Store mergers. Impact on GLG: - Narrowing of supplier base to fewer, larger, more flexible and financially strong vendors. ~ Slowing growth in US retail market. w Reduced uncertainty in global apparel
Slide 27: Sales Bookings and Shipments Update (US$ Million)
Sales Bookings and Shipments Update (US$ Million) FY06 FY07 Remarks Actual Sales Sale’s Booking Jul ~ Sep Q1 56.3 66.5 100% completed for Q1 25% Shipped Oct — Dec Q2 51.6 63.3 95% completed for Q2 Total 107.9 129.8 ‘@ Actual Sales from sales booking are heavily dependent on suppliers meeting deliver
Slide 28: 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
Slide 29: Investor Relations
Investor Relations # Commitment to provide regular updates to the market. ® Independent research house Aegis Equities appointed to cover GLG Comp Ltd and distribute to its broking and financial planning atabase. Increase communication to wider investor market including Singaporean based advisers pla
Slide 30: 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
Slide 31: i)
i)
Slide 32: Appendix
WMD
Slide 33: Consolidated P&L FY06: Half Year Comparison
Consolidated P&L FY06: Half Year Comparison 1% half 2"4 half Full year FY06 FY06 2006 US$ million US$ million US$ million Revenue 108.1 89.7 197.8 Cost of Sales (97.6) (80.6) (178.2) Gross profit 10.5 9.4 19.6 Other Income 1.0 13 23 Distribution expenses (0.5) (0.6) (1.1) Administrative expenses {4.
Slide 34: Monthly Sales Seasonal Trend US#039;000
US'$000 Monthly Sales Seasonal Trend US$’000 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Months Qty/DzE Monthly Sales Seasonal Trend Dz Jub Aug Sep Oct Nov Dec Jan Feb Mer Apr May Jun Months —— 2004 —— 2005 2006