GALE PACIFIC LIMITED 2016 ANNUAL REPORT 01
Annual Report 2016
GALE PACIFIC LIMITED 2016 ANNUAL REPORT
ContentsIFC Corporate Directory
Company Introduction
Results at a Glance
Chairman's Letter
6 Group Managing Director's Review
9 Operational Report
12 Executive Leadership
Corporate Governance
Directors' Report
30 Financial Report
2016 Annual General MeetingThe Annual General Meeting will be held at 11am on Friday 28 October 2016 at the Grand Hyatt,
123 Collins Street, Melbourne.
Corporate Directory Gale Pacific LimitedABN 80 082 263 778
DirectorsDavid Allman (Chairman)
Nick Pritchard (Group Managing Director) Peter Landos (Non Executive Director) John Murphy (Non Executive Director)
Company SecretarySophie Karzis
Registered Office145 Woodlands Drive,
Braeside, Victoria, 3195
T + 613 9518 3333
Principal Places of BusinessAustralia
145 Woodlands Drive, Braeside, VIC, 3195
Tel: +61 3 9518 3333
New Zealand
Unit 9, 39 Apollo Drive, Rosedale, Auckland, 0632
Tel: +64 9 479 9119
China
777 Hengshan West Road, Beilun, Ningbo, 315800 Tel: +86 574 5626 8888
USA
Suite 1704, 285 West Central Parkway, Altamonte Springs, Florida 32714
Tel: +1 407 333 1038
UAE
PO Box 17696, Jebel Ali, Dubai Tel: +971 4 881 7114
SolicitorsNorton Gledhill
Level 23, 459 Collins Street, Melbourne, Victoria, 3000
T + 613 9614 8933
AuditorsDeloitte Touche Tohmatsu
550 Bourke Street, Melbourne, Victoria, 3000
T + 613 9671 7000
Stock Exchange ListingGale Pacific Limited shares are listed on the Australian Securities Exchange (ASX code: GAP)
Share RegistryComputershare
Yarra Falls, 452 Johnston Street, Abbotsford, Victoria, 3067 T + 613 9415 4000
Website Addresswww.galepacific.com
GALE PACIFIC LIMITED 2016 ANNUAL REPORT 1
GALE PACIFIC LIMITED 2016 ANNUAL REPORT 1
Who we are
GALE Pacific is a manufacturer and marketer of commercial and DIY products that protect and enhance environments around the world.
Based in Australia, we operate globally with approximately half our revenue coming from other markets.
Our products are marketed across commercial and retail sectors,
the Coolaroo brand. Commercial products are marketed under the GALE Pacific brand.
In Australia and New Zealand we also market a range of interior window furnishings under the ZONE Interiors brand and a range of glass DIY pool fencing and
with distribution into architectural, horticultural, agricultural,
mining, construction, and home improvement channels. They are stocked by many of the world's largest retailers and also have strong online distribution.
Key products include architectural shade fabrics, exterior window shades, shade sails and an array of specialised commercial fabrics used for crop protection, irrigation, water
balustrading, shower screens and
other glass products under the EVERTON brand.
GALE Pacific is a world leader in specialised textiles and associated products and is recognised in our markets as an innovator and long-term producer of premium quality products.
The company is focused on
storage and screening.
Retail shade and screening products are marketed under
strengthening our global market position through product innovation and brand strength.
2 GALE PACIFIC LIMITED 2016 ANNUAL REPORT
2 GALE PACIFIC LIMITED 2016 ANNUAL REPORT
Results at a glance
Revenue $A million200 -
H2 | Growth | Operating Cash Flow $A million | H1 | H2 | as a % of EBITDA |
- 20% | 200 - | 150% |
H1
173.2150 -
100 -
50 -
137.3148.0
76.480.6
60.967.4
90.8
82.4
- 15%
- 10%
- 5%
100 -
0 -
(10) -
(4.0)
8.2 13.4 1.5 16.3
(9.0)
50%
-50%
-150%
0 - 0
2014 2015 2016
(20)
H1 14 H2 14 H1 15 H2 15 H1 16 H2 16
-250%
NPAT $A million12.0 -
10.2H1 H2
Net Debt $A million30 -
26.2
H1 H2 as a % of Equity
- 40%
8.0 -
4.0 -
0.0 -
8.24.7
3.5
6.9*5.8
1.1
7.0
3.2
20 -
10 -
0
13.6
11.2
16.7
20.0
8.2
- 30%
- 20%
- 10%
0%
2014 2015 2016
*Underlying
H1 14 H2 14 H1 15 H2 15 H1 16 H2 16
EBITDA $A million24.0 -
17.618.2*
22.314.1
H1 H2
Sales by Region $A '000sEurAsia
6,766
16.0 -
8.0 -
0.0 -
10.313.7
7.3
4.5
8.2
Middle East / North Africa
15,352
2014 2015 2016
*Underlying
EPS (diluted) cents4.00 -
3.40Americas
53,603
Australasia
97,470
3.00 -
2.00 -
1.00 -
2.72 1.720.0 -
2014 2015 2016
Gale Pacific Limited published this content on 18 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 August 2016 03:45:01 UTC.
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