The document summarizes the turnaround of TSL Presentation company from a traditional Hong Kong manufacturer to a modern luxury retailer in China. It discusses implementing clear corporate governance policies, modern management tools like SAP, focusing on customer service, and changing industry practices. Key achievements included opening new stores, product innovations, improved finances and dividends, and navigating the economic crisis successfully. The CEO also shared his personal journey of joining the family business and lessons learned.
Marel Q1 2024 Investor Presentation from May 8, 2024
TSL:The Turnaround story Aug09
1. The Turning Around: TSL Presentation at CU MBA class, Family Business by Erwin Huang, CEO, 11 th Aug 2009
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4. Moving Forward!! Strictly Private & Confidential 1 st Generation HK Manufacturing Entrepreneur Modern Retailer for Chinese Low Cost High Value Skill and Knowhow in Production Design, Fashionable Branding Mass, Economy of Scale Targeted, Economy of Scope Vertically Integrated Manufacturer Quick Response Efficient Retailer Traditional Apprentices System Re-engineered Corp Governance Trusted Brand name Trusted Brand name Believe in Service, go the extra step Believe in Service, go the extra step Long term loyal customer Long term loyal customer Care and Love for the Customer Care and Love for the Customer
17. Cost / turnover under control and EBIT / turnover maintained stable FY 08-09 Results
18. Borrowings was HK$ 1 3 1 million & gearing decreased to 22.7 % Equity attributable to shareholders increased to $ 512 million Cash, Gearings and Equity Feb 07 Feb 08 Feb 09 HK$ m HK$ m HK$ m Borrowings 149.6 171.1 131.8 Cash, Bank& undrawn banking facilitiy 99.2 79.0 137.0 Total Assets 920.9 1,259.0 1,212.4 Equity attributable to shareholders 275.6 401.6 512.1 Total Equity 307.3 448.2 580.4 Gearing (Borrowings / Total Equity) 48.7% 38.2% 22.7%
19. Dividends (Final 3 cents/share + Interim 2 cents/share = 5 cents /share) Earnings per share increased to HK$ 0. 50 Net assets per share increased to HK$ 2.45 Dividends and Returns per share
27. Summary: reborn into a new industry Strictly Private & Confidential 1 st Generation HK Manufacturing Entrepreneur Modern Retailer for Chinese Low Cost High Value Skill and Knowhow in Production Design, Fashionable Branding Mass, Economy of Scale Targeted, Economy of Scope Vertically Integrated Manufacturer Quick Response Efficient Retailer Traditional Apprentices System Re-engineered Corp Governance Trusted Brand name Trusted Brand name Believe in Service, go the extra step Believe in Service, go the extra step Long term loyal customer Long term loyal customer Care and Love for the Customer Care and Love for the Customer