2007 Annual Results Giordano International Limited (stock code: 709)

Slides:



Advertisements
Similar presentations
2 Group Financial Highlights For the Six Months Ended June 30 YOY change (%) Turnover (HK$M)1,8581, Gross profit (HK$M) EBITDA.
Advertisements

2005 Interim Results - Giordano1. 2 Group Financial Highlights For the Six Months Ended June 30 YOY change (%) Turnover (HK$M)2,1521,
THIRD QUARTER OPERATIONS HIGHLIGHTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2007.
Giordano International Limited (Stock code: 709) November 13, 2008 (Thursday) 2008 Third Quarter Update.
1 Chart 1 Gross Domestic Product Q1/ 96 Q2Q3Q4Q1/ 97 Q2Q3Q4Q1/ 98 Q2Q3Q4Q1/ 99 Q2 (%) Year-on-year change Quarter-on-quarter change,
Atlas Copco Group Q4 Results February 2, Q4 - highlights  Order growth continued  Record operating profit –All business areas above 20% operating.
2004 Interim Results Corporate Presentation. Highlights.
Tyson Foods By: Sophia Toy. History  John Tyson  Springdale, Arkansas  Fortune 500  2 nd largest food production.
MR PRICE GROUP LIMITED INTERIM RESULTS SEPTEMBER 2004.
1 PPB GROUP BERHAD Disclaimer: The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements.
P R E L I M I N A R Y R E S U L T S 1 March 2006.
Interim Report 29 August  Financial Highlights  Operations Review  Business Prospects.
August 2008 Annual Results Announcement 08 Interim Results Announcement.
2005 Annual Results Presentation Member of Li & Fung Group 9 March 2006.
2003 Annual Results Presentation A member of the Li & Fung (Retailing) Group 3 March 2004.
Giordano International Limited (stock code: 709) September 1, Interim Results.
I N T E R I M R E S U L T S 8 September Financial highlights 6 months to June 2004 £ million Half Half% inc. Group sales %
By: Jennifer Spinka.  Coach was founded in 1941 as a family-run workshop in a Manhattan loft.  Coach, Inc. designs and markets accessories and gifts.
March 21, Final Results - Giordano1. March 21, Final Results - Giordano2 Group Financial Highlights For the Year Ended December 31,
P R E L I M I N A R Y R E S U L T S 3 March 2004.
1 FY2001 INTERIM RESULTS August 15, AGENDA  Company Update  Financial Performance  Q&A.
Presentation to Carillion The Equipment Rental Specialists 9 th June 2010 The Equipment Rental Specialists Vp plc Final Results for the year ended 31 March.
0 March 2009 Annual Results Announcement Agenda Financial Highlights Business Review Strategies and Plans Open Forum.
I N T E R I M R E S U L T S 3 September Financial Highlights 6 months to June 2003 £ million Half Half% inc. Sales – continuing operations %
Corporate Presentation. Presentation Outline 1.Company Overview 2. Highlights 3.Financial Review 4.Outlook 5.Company Growth Strategies 6. Q&A.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 17-2 Calculating Earnings Performance and Efficiency Analysis.
P R E L I M I N A R Y R E S U L T S March £ million % inc. Group sales % Operating profit % Operating margin14.3%14.4%
International Insurance Society 44th Annual Seminar Mark Tucker, Prudential plc, Group Chief Executive July 2008.
Historical Performance Analysis Analysts:. 3-Year Compound Average Growth Rates.
1 Presentation of 2013 Year End Financial Results.
THE RANK GROUP PLC CHRIS MACQUARRIE ACG2021 SECTION.
Giordano International Limited (Stock code: 709) May 22, 2008 (Thursday) 2008 First Quarter Results.
Williams Sonoma Annual Report Justin Kovacsik ACG
1 The world’s leading manufacturer of collagen products for the food industry 2008 Interim Results Presentation 28 August 2008.
Corporate Presentation 17 September Presentation Outline Business Overview FY2008 Financial Review Outlook & Future Plans.
2002 Annual Results Presentation A member of the Li & Fung (Retailing) Group 14 March 2003.
Financial Ratios Clicker Quiz. What is this ratio? Market Price Per Share Earnings Per Share A. Inventory Turnover B. Accounts Receivable Turnover C.
Tiffany & Co. Ashley Dempsey ACG Executive Summary Although Tiffany’s financial goals were not meet for the year they still had a 10% increase.
Presentation of Lincoln Far East Unit Trust Quarter 1 – Update Meeting Presented by Fiona Barwick Director of Regional Research Nigel Bliss Senior Portfolio.
Lavendon Group plc 2006 Preliminary Results Presentation March 2007.
A member of the Li & Fung (Retailing) Group 3 March Annual Results Presentation.
Annual Report Project Starbucks Blake Hersch ACG2021 Sec. 080.
0 15 July The SKF Group Half-year results 2008 Tom Johnstone, President and CEO.
Giordano International Limited (Stock code: 709) August 27, 2009 (Thursday ) 2009 Interim Results.
13 February 2008 Company confidential Results 4Q07 and FY07 Martin De Prycker, CEO 13 February 2008.
Cheil Industries May, CONTENTS 1.Company Overview 2.Business Target FY Earnings Release 1Q10 4.Appendix ` This document is provided for the.
Clear Media Limited Annual Results 2001 Annual Results 2001.
M A K E Y O U R N E T W O R K S M A R T E R Strong trend for Network Video continues January - March 2006 Ray Mauritsson, CEO.
26 July 05, page 1 Company Confidential Results Second Quarter 2005 and 6 months ended 30 June 2005.
1 PPB GROUP BERHAD Disclaimer: The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements.
3 rd Quarter 2004 Results Presentation A member of the Li & Fung (Retailing) Group 28 October 2004.
2 nd Quarter 2004 Results Presentation A member of the Li & Fung (Retailing) Group 4 August 2004.
Chapter 18: FINANCIAL STATEMENT ANALYSIS Remember summative presentation will be December 17 and 18. Paper or Report is due December 19 CHAPTER 18.
Giordano International Limited (Stock code: 709) May 7, 2009 (Thursday) 2009 First Quarter Update.
Atlas Copco Group Q1 Results Stockholm, April 26, 2001.
1 Q2 2008/2009 March 25, 2009 Mikael Solberg, CEO Gunnar Bergquist, CFO Cecilia Lannebo, IR.
Atlas Copco Group Q4 Results February 3, Page 2 February 3, 2003www.atlascopco-group.com Contents  Q4 Business Highlights  Market Development.
SCMP GROUP LIMITED 2015 ANNUAL RESULTS 14 March 2016.
1 Skyworth Digital Holdings Limited 2001/02 Annual Results Mr. Stephen Wong Chairman.
The Home Depot BU657 Case Presentation May 6, 2006.
1 Feng Tay Enterprises Co., Ltd Second Quarter Operating Information August 13, 2014 Feng Tay Enterprises Co., Ltd Second Quarter Operating.
Financial Statement Analysis
Liquidity and Efficiency
Historical Performance Analysis
1st Quarter 2004 Results Presentation
2008 Annual Results Giordano International Limited (Stock code: 709)
Giordano International Limited 2004 Results
Feng Tay Enterprises Co., Ltd. Operating Information
Financial Statements: Basic Concepts and Comprehensive Analysis
Presentation transcript:

2007 Annual Results Giordano International Limited (stock code: 709) March 28th, 2008 (Friday)

Growth regaining momentum (in HK$ millions) 2007 YOY Change Turnover 4,950 + 13.2% Retail & Distribution Turnover 4,420 + 10.0% Retail & Distribution Turnover in Mainland China 1,349 + 23.8% Gross profit 2,357 + 8.2% EBITDA 552 + 7.6% Operating profit 384 + 2.1% Profit attributable to shareholders 295 + 43.9% Earnings per share in HK cents 19.8 + 43.5% March 28, 2008 Giordano 2007 Annual Results

Solid fundamentals 2007 2006 Net cash & bank balances on December 31 (in HK$ millions) 2007 2006 Net cash & bank balances on December 31 474 665 Cash inflow from operating activities 343 306 Inventory turnover on sales 33 days 35 days Current ratio 1.9x 2.1x Gross margin 47.6% 49.8% Retail & Distribution gross margin 50.6% 50.8% Return on average total assets 10.3% 7.3% Return on average shareholders’ equity 15.1% 10.0% March 28, 2008 Giordano 2007 Annual Results

Balancing between current return for shareholders and investing for future growth (in HK$ millions) 2007 2006 Final dividend (proposed) in HK cents 5.0 Special final dividend (proposed) in HK cents 10.0 15.0 Total interim dividend (paid) in HK cents 6.5 Total full year dividend in HK cents 21.5 26.5 Payout ratio 108.6% 192.0% Capex expected to increase to between HK$250 million and HK$300 million in 2008 (2007: HK$142 million) Plans to add 150 stores worldwide in 2008 New flagship stores coming in Hong Kong, Guangzhou, Hangzhou and elsewhere March 28, 2008 Giordano 2007 Annual Results

Retail & Distribution Division driving growth (in HK$ millions) Retail & Distribution YOY Change Garment Manufacturing Turnover (before intra-group elimination) 4,420 + 10.0% 936 - 2.1% Gross margin 50.6% - 0.2% pt 12.8% - 1.4% pts Operating profit 384 +15.0% - - 100.0% Operating margin 8.7% + 0.4% pt - 4.4% pts Better performance at the Group’s directly managed retail stores, reflecting consumer acceptance of our branding efforts Comparable store sales increased by 2.4% (2006: down 3.0%) Average selling price increased by 14.5% in 2007 Garment Trading & Manufacturing Division becoming relatively less important Decreasing share of Retail & Distribution purchases (16.2% in 2007 vs 25.7% in 2006) Decreasing profit contribution March 28, 2008 Giordano 2007 Annual Results

Retail & Distribution turnover by brand For the Year Ended December 31, 2007 BSX / Bluestar Exchange 6% of 2007 turnover (2006: 8%) Converted 17 stores to BSX Comp store sales up 12.1% and gross margin up 2.5% pts after conversion to BSX ASP up 13.2% Giordano Concepts 4% of 2007 turnover (2006: N/A) Added 11 stores in 2007 Giordano Ladies 6% of 2007 turnover (2006: 5%) Turnover up 17.8% Comp store sales up 9.1% ASP up 11.0% Gross margin up 1.0% pt Added 8 stores in 2007 Giordano & Giordano Junior 84% of 2007 turnover (2006: 87%) Turnover up 5.7% Comp store sales up 2.0% ASP up 10.0% Added 137 outlets in 2007 March 28, 2008 Giordano 2007 Annual Results

Retail & Distribution turnover by market For the Year Ended December 31, 2007 Mainland China 31% of 2007 turnover (2006: 27%) Turnover up 23.8% in 2007 820 out of 1,895 stores worldwide Hong Kong, 20% (22%)1 Taiwan, 15% (16%)1 Singapore, 9% (10%)1 Australia, 5% (6%)1 Indonesia, 4% (4%)1 Malaysia, 3% (3%)1 Thailand, 3% (2%)1 Others, 10% (10%)1 1 YOY figures in brackets March 28, 2008 Giordano 2007 Annual Results

MAINLAND CHINA Aggressively moving ahead 2007 2006 1,349 1,090 + 15.2% Turnover (HK$M) 1,349 1,090 Comp store sales + 15.2% + 8.5% Number of outlets 820 729 Six consecutive quarters of double-digit turnover growth since 3Q06 Turnover growth accelerated to 23.8% (2006: up 10.4%) and comp store sales growth increased to 15.2% (2006: up 8.5%) ASP up 18.8% and gross margin expanded by 1.4% pts Operating profit increased by 81.7% 91 stores added in 2007, 72% of global store growth Turnover up 43.2% in first two months of 2008 March 28, 2008 Giordano 2007 Annual Results

HONG KONG Steady growth in a challenging market 2007 2006 892 873 Turnover (HK$M) 892 873 Comp store sales + 8.1% + 5.4% Number of outlets 92 98 Total turnover increased by 2.2% (2006: up 0.7%) and comp store sales increased by 8.1% (2006: up 5.4%) Overall ASP up 20.6% Turnover of Giordano brands (Giordano, Junior, Ladies and Concepts) up 7.0% and comp store sales up 8.6% Turnover increased by 6.7% in first two months of 2008 (Giordano brands up 11.8%) March 28, 2008 Giordano 2007 Annual Results

TAIWAN Re-engineering operations for a turnaround 2007 2006 654 658 Turnover (HK$M) 654 658 Comp store sales - 4.2% - 9.1% Number of outlets 210 239 Turnover stable (2006: down 10.1%) Comp store sales decline narrowed to 4.2% (2006: down 9.1%) ASP up 11.2% 29 under-performing stores closed Turnover increased by 13.6% in first two months of 2008 March 28, 2008 Giordano 2007 Annual Results

SINGAPORE Reorganizing to improve operations 2007 2006 390 403 - 10.9% Turnover (HK$M) 390 403 Comp store sales - 10.9% - 11.9% Number of outlets 53 Turnover down 3.2% in 2007 Experienced Hong Kong management team brought in to reorganize operations Turnover decreased by 2.6% in the first two months of 2008 March 28, 2008 Giordano 2007 Annual Results

SOUTH KOREA Turning around and profitable 2007 2006 982 1,014 - 8.6% Turnover (HK$M) 982 1,014 Comp store sales - 8.6% - 6.5% Number of outlets 173 148 Better merchandising discipline helped gross margin to increase by 2.4% pts Despite a 3.2% decrease in sales, gross profit increased by 1.3% More stringent cost control helped increase profit contribution to HK$13 million from zero in 2006 Turnover up 13.0% in first two months of 2008 March 28, 2008 Giordano 2007 Annual Results

MIDDLE EAST & INDIA Continued expansion in a buoyant market 2007 2006 Turnover (HK$M) 465 359 Comp store sales + 10.9% + 1.6% Number of outlets 147 131 Turnover grew by 29.5% and comp store sales increased by 10.9% Profit contribution increased by 50.0% to HK$12 million 16 stores added in 2007 Launched in Delhi and Mumbai in India Turnover increased by 11.8% in first two months of 2008 March 28, 2008 Giordano 2007 Annual Results

Outlook – Sustain double-digit growth in 2008 Group turnover increased 17.1% in first two months of 2008 Plans to add 150 stores worldwide in 2008 Capex expected to increase from HK$142 million in 2007 to between HK$250 million and HK$300 million in 2008 Continue to focus on rapid growth in Mainland China Target to add 120 stores (all brands) in Mainland China in 2008 New flagship stores coming in Guangzhou and Hangzhou Turnover grew by 43.2% in the first two months of 2008 Faster growth for Giordano Ladies and Giordano Concepts Target to add 30 Giordano Ladies and Giordano Concepts stores in 2008, mostly in Mainland China New flagship store coming in Hong Kong Turnover increased by 29.9% in the first two months of 2008 Closely monitor and support turnaround in Taiwan and South Korea Taiwan sales increased by 13.6% in the first two months of 2008 South Korea sales up by 13.0% in the first two months of 2008 March 28, 2008 Giordano 2007 Annual Results

Giordano International Limited (stock code: 709) Q&A 2007 Annual Results Giordano International Limited (stock code: 709)

Giordano International Limited (stock code: 709) Appendix 2007 Annual Results Giordano International Limited (stock code: 709)

5-YEAR GROUP FINANCIAL HIGHLIGHTS March 28, 2008 Giordano 2007 Annual Results

BSX/Bluestar Exchange GLOBAL RETAIL NETWORK No. of outlets As at Dec 31, 2007 As at Dec 31, 2006 YOY Change Giordano & Junior Giordano Concepts Giordano Ladies BSX/Bluestar Exchange Others Total Mainland China 774 4 15 27 - 820 729 +91 Hong Kong 47 10 31 92 98 -6 Taiwan 154 3 43 210 239 -29 Singapore 50 1 2 53 Australia 59 61 +2 Malaysia 63 58 +5 Indonesia 81 7 84 +8 Thailand 77 +14 South Korea 173 148 +25 Middle East & India 147 131 +16 Philippines 41 44 Japan 14 20 45 49 +6 1,723 39 117 1,895 1,769 +126 March 28, 2008 Giordano 2007 Annual Results