1. 2008 Annual Results Giordano International Limited (Stock code: 709)
March 26, 2009 (Thursday)

2. Core business holding steady
Continuing operations
For the year ended December 31, 2008 (in HK$ millions)
2008
YOY
Change
Turnover
4,710
+ 6.3%
Retail & Distribution Turnover in Mainland China
1,689
+ 25.2%
Gross profit
2,362
+ 5.5%
Gross margin
50.1%
- 50 bps
Operating profit
330
- 13.4%
Operating margin
7.0%
- 160 bps
Profit attributable to shareholders
290
- 1.4%
Earnings per share in HK cents
19.4
- 1.5%
March 26, 2009
Giordano 2008 Annual Results

3. Giordano 2008 Annual Results
Solid fundamentals
Continuing and discontinued operations combined
For the year ended December 31 (in HK$ millions)
2008
2007
Net cash & bank balances
454
474
Cash inflow from operating activities
347
343
Inventory turnover on sales 1
23 days
33 days 2
Current ratio
2.3x
1.9x
Profit attributable to shareholders
311
295
Earnings per share in HK cents
20.8
19.8
Return on average total assets
11.5%
10.3%
Return on average shareholders’ funds
16.4%
15.1%
1 Inventory held at year end divided by full year turnover times 366 or 365 days
2 26 days for continuing operations only
March 26, 2009
Giordano 2008 Annual Results

4. Return to shareholders
For the year ended December 31 (in HK$ millions)
2008
2007
Final dividend (proposed) in HK cents
3.0
5.0
Special final dividend (proposed) in HK cents
Nil
10.0
Interim dividend in HK cents
4.5
Special interim dividend in HK cents
2.0
Total full year dividend in HK cents
9.5
21.5
Earnings per share in HK cents 1
20.8
19.8
Payout ratio
45.7%
108.6%
1 Continuing and discontinued operations combined
March 26, 2009
Giordano 2008 Annual Results

5. Exit manufacturing to focus on retail
Completed divestiture of remaining 51% shareholding in manufacturing subsidiary Placita in August 2008
2008 profitable attributable to shareholders (including gain on disposal and share of loss) from discontinued operations was HK$21 million, or 1.4 HK cents per share
Residual manufacturing operations generated turnover of HK$119 million (practically all to other Giordano Group companies) and operating profit of
HK$6 million in 2008
Reduced shareholding in manufacturing joint venture Speedy Garment from 49% to 9.9% in June 2008
Recorded a one-time gain on disposal of HK$17 million, or 1.1 HK cents per share
March 26, 2009
Giordano 2008 Annual Results

6. Exit manufacturing to focus on retail
For the year ended December 31, 2008
(in HK$ millions)
Continuing
Operations
Combined 1
Turnover
4,710
+ 6.3% 2
5,048
+ 2.0% 2
Gross profit
2,362
+ 5.5% 2
2,439
+ 3.5% 2
Gross margin
50.1%
- 50 bps 2
48.3%
+ 70 bps 2
Operating profit
330
- 13.4% 2
325
- 15.4% 2
Operating margin
7.0%
- 160 bps 2
6.4%
- 140 bps 2
Profit attributable to shareholders
290
- 1.4% 2
311
+ 5.4% 2
Earnings per share in HK cents
19.4
- 1.5% 2
20.8
+ 5.1% 2
1 Combined results including both continuing and discontinued operations
2 Year-on-year change
March 26, 2009
Giordano 2008 Annual Results

7. Core retail business holding steady
For the year ended December 31, 2008 (in HK$ millions)
2008
YOY
Change
Turnover
4,709
+ 6.5%
Comparable store sales
- 1.5%
N/A
Gross profit
2,351
+ 5.2%
Gross margin
49.9%
- 70 bps
Operating profit
324
- 15.6%
Operating margin
6.9%
- 180 bps
Total number of outlets
2,006
+ 111 stores
March 26, 2009
Giordano 2008 Annual Results

8. Giordano 2008 Annual Results
Retail & Distribution turnover by brand
For the year ended December 31, 2008
BSX / Bluestar Exchange
4% of 2008 turnover (2007: 6%)
2008 sales: HK$206M, down 24.8%
Comp store sales down 1.2%
96 outlets at end-2008, down 21
Giordano Concepts
5% of 2008 turnover (2007: 4%)
2008 sales: HK$217M, up 11.9%
Comp store sales down 11.4%
33 outlets at end-2008, up 19
Giordano Ladies
6% of 2008 turnover (2007: 6%)
2008 sales: HK$265M, up 8.2%
Comp store sales down 0.1%
46 outlets at end-2008, up 7
Giordano & Giordano Junior
85% of 2008 turnover (2007: 84%)
2008 sales: HK$4,006M, up 8.1%
Comp store sales down 0.9%
1,825 outlets at end-2008, up 102
March 26, 2009
Giordano 2008 Annual Results

9. Giordano 2008 Annual Results
Retail & Distribution turnover by market
For the year ended December 31, 2008
Mainland China
35% of 2008 turnover (2007: 31%)
Turnover up 25.2% in 2008
909 out of 2,006 stores worldwide
Others, 10% (10%)1
Thailand, 3% (3%)1
Malaysia, 4% (3%)1
Indonesia, 4% (4%)1
Australia, 5% (5%)1
Singapore, 8% (9%)1
Taiwan, 13% (15%)1
Hong Kong, 18% (20%)1
1 YOY figures in brackets
March 26, 2009
Giordano 2008 Annual Results

10. Performance review: Group markets
Mainland China
2008
2007
Remarks
Turnover (HK$M)
1,689
1,349
Sales up by 25.2% (2007: %)
Comp store sales 1
+ 6.1%
+ 15.2%
Number of outlets as at December 31
909
820
Hong Kong
850
892
Sales down by 4.7% (2007: + 2.2%)
- 1.7%
+ 8.1% 82 92
1 In local currency terms for outlets which were open for the full 12 months in each of the two fiscal years under comparison
March 26, 2009
Giordano 2008 Annual Results

11. Performance review: Group markets
Taiwan
2008
2007
Remarks
Turnover (HK$M)
634
649
Sales down by 2.3% (2007: - 1.4%)
Comp store sales 1
- 3.2%
- 4.2%
Number of outlets as at December 31
192
210
Singapore
368
390
Sales down by 5.6% (2007: - 3.2%)
- 7.7%
- 10.9% 51 53
1 In local currency terms for outlets which were open for the full 12 months in each of the two fiscal years under comparison
March 26, 2009
Giordano 2008 Annual Results

12. Performance review: Non-group markets
South Korea
2008
2007
Remarks
Turnover (HK$M)
835
982
Sales down by 15.0% (2007: - 3.2%)
Comp store sales 1
- 4.1%
- 8.6%
Number of outlets as at December 31
167
173
On Dec 31, 2008, the Group held 48.7% in Giordano South Korea
Middle East
539
465
Sales up by 15.9% (2007: %)
+ 10.1%
+ 10.9%
157
142
On Dec 31, 2008, the Group held 20.0% in Giordano Middle East
1 In local currency terms for outlets which were open for the full 12 months in each of the two fiscal years under comparison
March 26, 2009
Giordano 2008 Annual Results

13. Giordano 2008 Annual Results
Outlook: Challenges ahead…
Group turnover down 12.9% in first two months of 2009
but long term growth prospects intact
Focus on core brand strengths of Quality, Value and Service
Continue to focus on growth in Mainland China
New sales office to drive growth in Western China
Focus on growing presence in 2nd tier and smaller cities
Target to add 90 outlets in Mainland China in 2009
Opportunities to “trade-up” into prime store locations
Target to achieve significant reductions in FOB cost and expenses
Strong balance sheet with net cash of HK$454 million on Dec 31, 2008
Healthy inventory turnover on sales of 23 days as at Dec 31, 2008
March 26, 2009
Giordano 2008 Annual Results

14. Giordano 2008 Annual Results
Group Financial Highlights (2004 – 2008)
Continuing and discontinued operations combined
March 26, 2009
Giordano 2008 Annual Results

15. BSX/Bluestar Exchange Giordano 2008 Annual Results
Global retail network
No. of outlets
As at Dec 31, 2008
As at Dec 31, 2007
YTD Change
Giordano & Junior
Giordano Concepts
Giordano Ladies
BSX/Bluestar Exchange
Others
Total
Mainland China
857 19 18 15 -
909
820
+ 89
Hong Kong 42 5 11 24 82 92
- 10
Taiwan
149 3 29
192
210
- 18
Singapore 46 2 1 51 53
- 2
Australia 56 61
- 5
Malaysia 65 67 63
+ 4
Indonesia 83 6 97
+ 5
Thailand 87 77
+ 10
South Korea
153 14
167
173
- 6
Middle East & India
165
169
147
+ 22
Philippines 44 4 50
+ 6
Japan 7
- 7 71 72 49
+ 23
1,825 33 96
2,006
1,895
+ 111
March 26, 2009
Giordano 2008 Annual Results

16. Giordano International Limited (Stock code: 709)
Q&A
2008 Annual Results
Giordano International Limited (Stock code: 709)