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CASHBUILD LIMITED - Third quarter operational update - FY 2019

Release Date: 11/04/2019 12:00
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Third quarter operational update - FY 2019

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

THIRD QUARTER OPERATIONAL UPDATE – FY 2019
Cashbuild herewith provides its voluntary quarterly operational update.

Revenue for the third quarter for the Cashbuild Group was up 3% on the third quarter of the prior financial
year, with the 32 new stores opened or acquired since 1 July 2017 contributing 3% of the increase, whilst the
286 existing stores remained at similar levels. This, together with the growth reported in the first half, equates
to an increase in revenue for the year to date of 3%, with all growth coming from new stores.

Transactions through the tills during the third quarter for the Cashbuild Group increased by 1% to that of the
comparative period, with new stores contributing 3% of the increase while existing stores decreased by 2%.

Selling inflation was 3% at the end of March 2019 when compared to March 2018. Gross profit margin
percentage remained at similar levels to those reported at half year end.

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

Revenue performance 3rd Quarter FY2019 versus 3rd Quarter FY2018
Operating Segment                            %       Contribution   Total         New        Existing
                                                       to Group    Business     Business     Business
                                                         Sales     Growth       Growth       Growth
Cashbuild South Africa                   Half Year         78          2           3           (1)
                                            Q3             78          3           3            -

Cashbuild Common Monetary Areas          Half Year          6         (2)          2           (4)
                                            Q3              6         (2)          -           (2)

Cashbuild Other *                        Half Year          4          5           4            1
                                            Q3              4         13           -           13

P&L Hardware South Africa                Half Year          12        15           9            6
                                            Q3              12         5           4            1

Total Group                              Half Year         100         3           3            -
                                            Q3             100         3           3            -

*Botswana, Malawi and Zambia

During the third quarter the Group closed, one Cashbuild DIY store and one acquired P&L Hardware store, at
the expiration of their lease agreements, bringing the total number of stores trading at the end of the quarter to
318.

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

Number of stores                           Percentage      Total    New   Existing
                                            of Group
                                               (%)
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            3      -        3
P&L Hardware South Africa                       19           61     15       46
Total Group                                    100          318     32      286

*Botswana, Malawi and Zambia

11 April 2019

Sponsor
Nedbank CIB

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