1 2 March 2010 FY2009 Results Briefing Disclaimer The presentation is prepared by Best World International Limited (the “Company”) and is solely for the purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to form any basis of investment decision for any class of securities of the Company in any jurisdiction. All such information should not be used or relied on without professional advice. The presentation is a brief summary in nature and do not purport to be a complete description of the Company, its business, its current or historical operating results or its future business prospects. This presentation is provided without any warranty or representation of any kind, either expressed or implied. The Company specifically disclaim all responsibilities in respect of any use or reliance of any information, whether financial or otherwise, contained in this presentation.
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Transcript
1
2 March 2010
FY2009 Results Briefing
Disclaimer
The presentation is prepared by Best World International Limited (the “Company”)and is solely for the purpose of corporate communication and general referenceonly. The presentation is not intended as an offer to sell, or to solicit an offer to buyor to form any basis of investment decision for any class of securities of theCompany in any jurisdiction. All such information should not be used or relied onwithout professional advice. The presentation is a brief summary in nature and donot purport to be a complete description of the Company, its business, its currentor historical operating results or its future business prospects.
This presentation is provided without any warranty or representation of any kind,either expressed or implied. The Company specifically disclaim all responsibilities inrespect of any use or reliance of any information, whether financial or otherwise,contained in this presentation.
� DistributionDistributionDistributionDistribution costscostscostscosts decreased more than drop in revenue,demonstrating the flexibility of business model in costmanagement
� AdministrativeAdministrativeAdministrativeAdministrative expensesexpensesexpensesexpenses decreased 2.0% to $18.5 million inFY2009 attributed to higher bonus payouts in subsidiariesexhibiting higher growth & reversals of over-provisions of keymanagement and executives’ incentives and bonuses for first threequarters of FY2008.
� ProfitProfitProfitProfit attributableattributableattributableattributable totototo equityequityequityequity holdersholdersholdersholders decreased 9.0% to $9.7million in FY2009 from $10.6 million for FY2008 , with a net profitmargin of 13.3%
� Indonesia – the Group’s biggest revenue generator, contributes to 29.8% of total revenue in FY2009
� Change in cosmetic regulations & import process caused a 50.9% dip in revenue y-o-y
� Management adopted strategy of engaging regulatory authorities of Indonesia to better manage these changes
� Effect: Till date, the Group successfully obtained registration approvals for more than 10 products & resulted in 82.9% improvement in 4Q sales as compared to 3Q
� Singapore and Malaysia declined as a result of industry-wide weaker consumer spending but Malaysia’s revenue is beginning to show signs of recovery back to levels of 2008
� Thailand is an optimistic market with growth of 346.4% in FY2009, accounting for 13.2% of total revenue
� Good growth for other markets as 53.9% growth in revenue for 4Q2009 registered; good performance from Myanmar and Taiwan