Slide 1: For personal use only
For personal use only 25 August 2017
Slide 2: Operational highlights of the year
Operational highlights of the year For personal use only • Transformation into focused technical textiles business largely completed. • Americas earnings up 39% with further strong growth expected. • $8 million investment approved for additional coating line to increase Melbourne production of comme
Slide 3: Financial highlights of the year
Financial highlights of the year For personal use only Revenue Underlying NPAT steady at $175.3m up 1% despite $10.1m market challenges & category exits Final dividend steady at 1c unfranked bringing dividends for the year to 2 cents unfranked, up 14% Record operating Net cash of cash flow of $1.3m
Slide 4: Results summary
Results summary For personal use only FY2017 FY2016 Change A$ million A$ million % Revenue 175.3 173.2 1% Underlying EBITDA 21.4 22.3 (4)% Underlying EBIT 15.1 15.1 - Underlying profit before tax 13.5 13.5 - Underlying profit after tax 10.1 10.2 (1)% Statutory profit before tax (4.9) 13.5 (136)% Sta
Slide 5: Strong cash flow; net debt eliminated
Strong cash flow; net debt eliminated For personal use only • Operating cash flow a new record; up 10% from FY2016. • Inventory down 15%, despite unfavourable exchange rate movements. • Cash conversion up 17%. Gale Pacific results for the year 5
Slide 6: Performance comparison as operations restructured
Performance comparison as operations restructured For personal use only Gale Pacific results for the year 6
Slide 7: Building a platform for growth
Building a platform for growth For personal use only In the past three years we have: • Exited most non-core products so we can focus on technical textiles where we have globally competitive technology. • Rationalised our brand portfolio so we can concentrate our investment on a smaller number of br
Slide 8: Australia & New Zealand
Australia & New Zealand For personal use only FY2017 A$ million FY 2016 A$ million Change % Revenue 92.4 97.5 (5)% Underlying EBITDA 2.9 3.6 (18)% Underlying PBT 1.9 2.6 (25)% • Commercial sales strong, although The next year constrained by manufacturing capacity. • Exit from non-core products will
Slide 9: Americas
Americas For personal use only FY2017 A$ million FY2016 A$ million Change % Revenue 62.0 53.6 16% EBITDA 6.5 4.9 33% PBT 4.4 3.2 39% • Strong retail and online sales. The next year • Major retailers extended trials of window • Growth trajectory expected to accelerate, shades and shade sails. underpi
Slide 10: Americas
Americas For personal use only Fontana Warehouse, California USA
Slide 11: Middle East/North Africa
Middle East/North Africa For personal use only FY2017 A$ million FY2016 A$ million Change % Revenue 12.8 15.4 (17)% EBITDA 2.5 3.2 (22)% PBT 2.3 3.1 (24)% • Market subdued, with projects The year ahead postponed. • Market conditions expected to improve, • Sales constrained by slow customer despite c
Slide 12: China Manufacturing & Eurasia
China Manufacturing & Eurasia For personal use only FY2017 A$ million FY2016 A$ million Change % Revenue 8.2 6.8 21% Inter-segment sales (eliminated when 49.8 58.4 (15)% consolidating group results) EBITDA 11.5 12.6 (9)% PBT 8.0 7.0 13% • Increased demand for commercial fabrics. The year ahead • New
Slide 13: Our growth strategy
Our growth strategy For personal use only • Accelerate development of Americas business, focusing on shading and screening, while entering the market for commercial coated fabrics. • Extend our market-leading shading, screening and technical fabrics businesses in Australia and New Zealand. • Acceler
Slide 14: Outlook for FY2018
Outlook for FY2018 For personal use only • Market conditions expected to be similar to FY2017. • Subject to economic conditions, NPAT expected to be above FY2017 underlying NPAT of $10.1 million. • As in previous years, second half earnings expected to be considerably greater than those of the first
Slide 15: GALE Pacific Limited Disclaimer
For personal use only GALE Pacific Limited Disclaimer Statements contained in this presentation, particularly ABN 80 082 263 778 those regarding possible or assumed future performance, 145 Woodlands Drive estimated company earnings, potential growth of the Braeside Victoria 3195 company, industry gr