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CASHBUILD LIMITED - Second quarter Operational Update FY2019

Release Date: 22/01/2019 17:17
Code(s): CSB     PDF:  
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Second quarter Operational Update FY2019

(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB                     ISIN: ZAE000028320
(“Cashbuild” or “the company”)


Cashbuild herewith provides its voluntary quarterly operational update.

Revenue for the second quarter for the Cashbuild Group was up 3% on the second quarter of the prior financial
year, with the 33 new stores opened or acquired since 1 July 2017 contributing 3% of the increase, whilst the
287 existing stores remained at similar levels. This, together with the growth reported in the first quarter,
equates to an increase in revenue for the half year of 3%, with all growth coming from new stores.

Transactions through the tills during the second quarter for the Cashbuild Group decreased by 1% (half year:
1% decrease) to that of the comparative period, with new stores increasing by 4% (half year: 4%) and existing
stores decreasing by 5% (half year: 5% decrease).

Selling inflation was 3% at the end of December 2018 when compared to December 2017. Gross profit margin
percentage for the Group is at similar levels to those reported for the first half of the prior financial year.

A revenue performance breakdown per operating segment is reflected in the following table:

Revenue performance 1st Half FY2019 versus 1st Half FY2018

Operating Segment                               Percentage             Total        New        Existing
                                                 of Total               %            %           %

Cashbuild South Africa                Q1            78                    2           3           (1)
                                      Q2            78                    2           3           (1)
                                   Half Year        78                    2           3           (1)

Cashbuild Common Monetary Areas       Q1             6                   (4)          3           (7)
                                      Q2             6                    -           1           (1)
                                   Half Year         6                   (2)          2           (4)

Cashbuild Other *                     Q1             4                    2           5           (3)
                                      Q2             4                    8           3            5
                                   Half Year         4                    5           4            1

P&L Hardware South Africa             Q1             12                  19          13            6
                                      Q2             12                  12           6            6
                                   Half Year         12                  15           9            6

Total Group                           Q1            100                   3           4           (1)
                                      Q2            100                   3           3            -
                                   Half Year        100                   3           3            -
*Botswana, Malawi and Zambia

During the second quarter, the Group opened six new stores, four Cashbuild and two P&L Hardware stores
(half year: eight), relocated two Cashbuild stores (half year: three), refurbished nine (half year: fifteen) and one
Cashbuild store was closed at the end of its lease (half year: three Cashbuild stores and three Cashbuild DIY
stores), bringing the total number of stores trading at the end of the quarter to 320.

A store breakdown by location is reflected in the following table:

Number of stores – end of quarter two   Percentage Total   New    Existing
                                        of total

Cashbuild South Africa                       69      221     14     207
Cashbuild Common Monetary Areas               6       18      1      17
Cashbuild Other *                             5       15      2      13
Cashbuild DIY Pilot stores                    1        4      -       4
P&L Hardware South Africa                    19       62     16      46
Total Group                                 100      320     33     287
*Botswana, Malawi and Zambia

22 January 2019

Nedbank Corporate and Investment Banking

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