GALE PACIFIC LIMITED 2016 ANNUAL REPORT 01

Annual Report 2016

GALE PACIFIC LIMITED 2016 ANNUAL REPORT

Contents

IFC Corporate Directory

  1. Company Introduction

  2. Results at a Glance

  3. Chairman's Letter

6 Group Managing Director's Review

9 Operational Report

12 Executive Leadership

  1. Corporate Governance

  2. Directors' Report

30 Financial Report

2016 Annual General Meeting

The 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 Limited

ABN 80 082 263 778

Directors

David Allman (Chairman)

Nick Pritchard (Group Managing Director) Peter Landos (Non Executive Director) John Murphy (Non Executive Director)

Company Secretary

Sophie Karzis

Registered Office

145 Woodlands Drive,

Braeside, Victoria, 3195

T + 613 9518 3333

Principal Places of Business

Australia

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

Solicitors

Norton Gledhill

Level 23, 459 Collins Street, Melbourne, Victoria, 3000

T + 613 9614 8933

Auditors

Deloitte Touche Tohmatsu

550 Bourke Street, Melbourne, Victoria, 3000

T + 613 9671 7000

Stock Exchange Listing

Gale Pacific Limited shares are listed on the Australian Securities Exchange (ASX code: GAP)

Share Registry

Computershare

Yarra Falls, 452 Johnston Street, Abbotsford, Victoria, 3067 T + 613 9415 4000

Website Address

www.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 million

200 -

H2

Growth

Operating Cash Flow $A million

H1

H2

as a % of EBITDA

- 20%

200 -

150%

H1

173.2

150 -

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 million

12.0 -

10.2

H1 H2

Net Debt $A million

30 -

26.2

H1 H2 as a % of Equity

- 40%

8.0 -

4.0 -

0.0 -

8.2

4.7

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 million

24.0 -

17.618.2*

22.3

14.1

H1 H2

Sales by Region $A '000s

EurAsia

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) cents

4.00 -

3.40

Americas

53,603

Australasia

97,470

3.00 -

2.00 -

1.00 -

2.72 1.72

0.0 -

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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