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2005 Interim Results - Giordano1. 2 Group Financial Highlights For the Six Months Ended June 30 YOY change (%) 20052004 Turnover (HK$M)2,1521,858+ 15.8.

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Presentation on theme: "2005 Interim Results - Giordano1. 2 Group Financial Highlights For the Six Months Ended June 30 YOY change (%) 20052004 Turnover (HK$M)2,1521,858+ 15.8."— Presentation transcript:

1 2005 Interim Results - Giordano1

2 2 Group Financial Highlights For the Six Months Ended June 30 YOY change (%) Turnover (HK$M)2,1521, Gross profit (HK$M)1, EBITDA (HK$M) Operating profit (HK$M) Profit before tax (HK$M) Profit attributable to shareholders (HK$M) Earnings per share (HK cents) Interim dividend per share - basic (HK cents) - special (HK cents) Dividend payout ratio (%)

3 2005 Interim Results - Giordano3 Selected Financial Highlights & Ratios Selected Financial Highlights & Ratios For the Six Months Ended June Net cash & bank balances (HK$M) * Cash inflow from operating activities (HK$M)148 Inventory turnover on sales (days)3023 Current ratio (x) * Gross margin (%) Operating margin (%) Net margin (%) * As at December 31, 2004

4 2005 Interim Results - Giordano4 Divisional Highlights Divisional Highlights For the Six Months Ended June 30 TurnoverOperating Profit Division2005 (In HK$M) 2004 (In HK$M) YOY % Change 2005 (In HK$M) 2004 (In HK$M) YOY % Change Retail & Distribution 1,9531, Trading & Manufacturing Intra-division Elimination (321)(286) Total2,1521,

5 2005 Interim Results - Giordano5 Retail and Distribution Division For the Six Months Ended June 30, 2005 Retail and Distribution Turnover Composition by Market Mainland China 24% (24%) Hong Kong 21% (22%) Taiwan 20% (20%) Singapore 11% (11%) Malaysia 3% (4%) Others 16% (14%) Australia 5% (5%) Note: 1H04’s in brackets

6 2005 Interim Results - Giordano6 Retail and Distribution Division (Cont’d) For the Six Months Ended June 30, 2005 Retail and Distribution Turnover Composition by Brand Giordano Ladies 4% (4%) Bluestar Exchange 9% (9%) Giordano core line + Junior 87% (87%) Note: 1H04’s in brackets

7 2005 Interim Results - Giordano7 Retail and Distribution Division (Cont’d) For the Six Months Ended June 30, 2005 Total comparable store sales- 0.3% Total comparable store gross profit+ 2.5% Brand Statistics Giordano core line + Junior Giordano Ladies Bluestar Exchange Retail & Distribution Total 2005 Turnover (HK$ M ) 1, ,953 Turnover Growth ( YOY % Change) Gross Margin (YOY Basis Point Change)

8 2005 Interim Results - Giordano8 Sales (HK$M) YOY Change (%) Comp. Store Sales Chg (%) Remarks Mainland China Hong Kong Taiwan (3.8) Sales increased by 8.0% in local currency terms. Singapore Sales increased by 2.7% in local currency terms. Other Markets & Distribution Sales NA GROUP TOTAL1,9531, (0.3) ASP increases of 8% to 9% recorded. Net of exchange gains, sales increased by 10.6%. Korea (3.1) Sales declined by 2.4% in local currency terms. Gross profit and gross margins increased by 25.4% and 530 basis points respectively. Retail and Distribution Division (Cont’d) For the Six Months Ended June 30, 2005

9 2005 Interim Results - Giordano9 Number of Outlets, by Region and by Brand (as at June 30) 2004 Total 2005 Total Giordano core line Giordano Ladies Giordano Junior* Bluestar Exchange Australia Hong Kong Indonesia Japan Korea Mainland China Malaysia Middle East Philippines Singapore Taiwan Thailand Others Total 1,4501,6091, * Includes stand-alone outlets only

10 2005 Interim Results - Giordano10 Trading & Manufacturing Division For the Six Months Ended June YOY % change Sales including internal sales (HK$M) Sales to external customers (HK$M) Percentage of Retail & Distribution’s total purchase31.3%29.1%NA Operating Margin (%)6.2%8.4%NA Contribution to the Group’s operating profit13.0%14.6%NA 61.7% of divisional sales to Group companies, down from 70.6% in 1H04. Operating margin declined by 2.2% owing to start up costs servicing new clients and heightened competition.

11 2005 Interim Results - Giordano11 Outlook Consumer sentiment continues to improve in Taiwan => We will deepen restructuring efforts Korean economy shows signs of improvements => We will enhance gross margins utilizing global sourcing strength Singaporean economy shows stable growth => We will renovate key shops to meet customer expectations Hong Kong Disneyland opening will boost tourist arrivals and local consumer sentiment => We will target Hong Kong product mix to capitalize on increased tourism Mainland China will continue to grow on the back of strong economic performance => We will take advantage of anticipated industry consolidation “Disney collection by Giordano” => We will capture new customer segment (younger crowds) in all markets


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