GLG CORP LTD — AGM Information 2015

Nov 18, 2015

GLG CORP LTD

Annual General Meeting 19 November 2015

WELCOME

==> picture [530 x 184] intentionally omitted <==

Board of Directors and Auditors

Members of The Board

• •Estina Ang Suan Hong – Executive Chairperson

• •Christopher Chong – Independent Director

• •Shane Hartwig – Independent Director

• •Felicia Gan – Executive Director

• •Jo Bourke – Company Secretary

Deloitte Touche Tohmatsu

• •Angela Paynter – Partner

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

2

19 Nov 2015

A Global Textile & Apparel Supply Chain Manager

Agenda

• Director’s Review

• Accounts and Reports

• Other Business

• End of Meeting

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

3

19 Nov 2015

==> picture [530 x 184] intentionally omitted <==

Directors Review

==> picture [530 x 184] intentionally omitted <==

Marketplace Update

• Average retail prices continues to decline due to heavy discounting and promotions to attract consumers to spend and perceive “value” in their purchases.

• Customers wallets sizes are smaller with the need to spend on technology/gadgets/ apps.

• Fashion appetite are changing rapidly due to social media and online transparency over the internet.

• Continues to be a tough market for all retailers. Struggles to keep up with competitions from Forever21, Zara, Uniqlo and H&M. Primark UK will be opening stores in Aug/September 2015 in USA and will intensify competitions amongst US retailers. Teen brands like Aeropostale, Abercrombie & Fitch etc being hit the most.

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

5

19 Nov 2015

Marketplace Update

• Retailers move to focus on online and outlet strategies for sales growth.

• With these additional channels and intense competition, order sizes are decreasing and small orders with chase models are becoming a norm.

• Margins constraint from Walmart Canada/Europe Customers: Price Challenge due to USD strengthening. Vendors are expected to absorb forex changes and continue to keep landed store prices.

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

6

19 Nov 2015

Response to Marketplace

• Staying flexible to meet changing market demands.

• Work strategically with key suppliers and customers to deliver best product to consumers with proper advance planning.

• Putting more resources in sourcing and product design for greater service to customers and to reduce lead time.

• New Customer Developments in 2015

• USA: Mast Global Fashion (MGF): New York & Company, Christopher & Banks / Express

• USA: American Eagle Outfitters

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

7

19 Nov 2015

Sales FY2014/15

	FY 2014/15	FY 2014/15	FY 2014/15
	Sales (US$ million)	Dozen (million)	Average FOB Price per Dozen (US$)
1Q: Jul - Sep	56.32	1.2	47.38
2Q: Oct - Dec	45.88	1.0	43.73
3Q: Jan - Mar	37.81	1.0	37.68
4Q: Apr - Jun	40.11	1.1	37.27
Full Year Total:	180.12	4.3	41.72

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

8

19 Nov 2015

==> picture [530 x 184] intentionally omitted <==

Outlook and Prospects

==> picture [530 x 184] intentionally omitted <==

Outlook – FY 2015/16

• Sluggish growth in USA and Europe. Consumers remain cautious.

• Customers continue to push for sharp pricing to support promotional price to entice customer spending

• Continued to tighten the Cost control, improving the cash management and collection efficiency

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

10

19 Nov 2015

==> picture [530 x 184] intentionally omitted <==

Annual Accounts

==> picture [530 x 184] intentionally omitted <==

Annual Accounts

• Consideration of accounts

• Questions or comments?

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

12

19 Nov 2015

==> picture [530 x 184] intentionally omitted <==

Resolutions

==> picture [530 x 184] intentionally omitted <==

Resolutions

• Approval of the Remuneration Report

• Re-election of a Director – Mr Shane Hartwig

• Re-election of a Director – Ms Felicia Gan

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

14

19 Nov 2015

Resolution 1

Adoption of Remuneration Report

“That, for the purpose of Section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company’s annual financial report for the financial year ended 30 June 2015.”

For	Open	Against	Abstain
954,919	8,000	52,480	1,800,000

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

15

19 Nov 2015

Resolution 2

Re-election of a Director

“That Mr Shane Hartwig, having been appointed as an addition to the Board, and who retires in accordance with clause 12.7 of the Company’s Constitution, and being eligible, offers himself for re-election as a Director of the Company, is hereby re-elected as a Director of the Company”.

For	Open	Against	Abstain
57,309,419	11,500	52,480	2,000

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

16

19 Nov 2015

Resolution 3

Re-election of a Director

“That Ms Felicia Gan, having been appointed as an addition to the Board, and who retires in accordance with clause 12.7 of the Company’s Constitution, and being eligible, offers herself for re-election as a Director of the Company, is hereby re-elected as a Director of the Company”.

For	Open	Against	Abstain
57,312,919	8,000	52,480	2,000

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

17

19 Nov 2015

Cautionary Note on Forward-looking Statements

This presentation may contain statements regarding the business of GLG Corp Limited and its subsidiaries (‘Group’) that are of a forward looking nature and are therefore based on management’s assumptions about future developments.

Such forward looking statements are intended to be identified by words such as ‘believe’, ‘estimate’, ‘intend’, ‘may’, ‘will’, ‘expect’, and ‘project’ and similar expressions as they relate to the Group. Forward-looking statements involve certain risks and uncertainties because they relate to future events. Actual results may vary materially from those targeted, expected or projected due to several factors.

Potential risks and uncertainties includes such factors as general economic conditions, foreign exchange fluctuations, interest rate changes, commodity price fluctuations and regulatory developments. Such factors that may affect GLG Corp’s future financial results are detailed in our 2015 Annual Report. The reader and/or listener is cautioned to not unduly reply on these forward-looking statements. We do not undertake any duty to publish any update or revision of any forward looking statements.

==> picture [51 x 58] intentionally omitted <==

AGM FY2014/15

18

19 Nov 2015

==> picture [530 x 184] intentionally omitted <==

Thank You

==> picture [530 x 184] intentionally omitted <==