Globe International Limited · ASX:GLB
Globe International — FY2004 Earnings Presentation
8 slides from Globe International's earnings presentation, Aug 25, 2004
Slide 1: June 2004 Full Year Results Investor Presentation
June 2004 Full Year Results Investor Presentation 25 August, 2004
Slide 2: Key Points
Key Points RESULTS Delivered a solid turnaround in pre tax (pre amortisation) earnings of $25.4m Improved 1st half performance continued into the 2nd half with pre tax (pre amortisation) earnings increasing 45% to $9.8m (1st Half $6.8m) Translation impact of strong AUD on overseas sales masks
Slide 3: Consolidated Results
Consolidated Results Adjusted for currency, sales flat AUD millions FY 04 FY 03 Globe North American sales in the 2nd half are Sales 184.2 204.5 the highlight improving 62% over the 1st half – (Currency adjusted) (204.1) in local currency terms. EBITDA 19.8 (3.0) All divisions produced sales g
Slide 4: Australasia
Australasia Continuing to improve brand AUD millions FY 04 FY 03 positioning and sales performance Sales Significant reinvestment in brand 1st Half 54.5 45.6 design and development resources, 2nd Half 48.1 45.9 particularly in our Global brands. Full Year 102.6 91.5 Footwear particularly stron
Slide 5: North America
North America AUD millions FY 04 FY 03 North America has returned to Sales profitability as foreshadowed 1st Half 28.1 56.9 Globe 2nd half sales increased 62% (Currency adjusted) (35.0) over 1st half and 55% over pcp 2nd Half 33.8 34.4 (Currency adjusted) (40.2) Dwindle has turned the corner a
Slide 6: Europe
Europe AUD millions FY 04 FY 03 Sales in local currency are up 11.0% Sales on last year despite the transitioning of 1st Half 6.3 12.7 our business model (Currency adjusted) (7.8) EBITDA is strong and provides the 2nd Half 13.4 8.9 funding for our growth in this region (Currency adjusted) (16.0)
Slide 7: Financial Strength
Financial Strength AUD millions June 04 June 03 Financial position continues to Cash 31.4 26.4 strengthen Debt (14.2) (21.7) The generation of cash through improved performance and fiscal Inventories 22.5 20.7 management is funding growth strategies and reducing debt. Receivables 34.0 27.6 Payab
Slide 8: The Future
The Future Management is focused on positioning the business for profitable and sustainable sales growth Key element is the continued investment in brands The multi brand, multi regional and multi category strategy is driving long term sales growth Long term growth underpinned by management