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Second quarter operational update - FY 2017
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB ISIN: ZAE000028230
(“Cashbuild” or “the company”)
SECOND QUARTER OPERATIONAL UPDATE – FY 2017
Cashbuild is currently in the process of finalising its results for the half-year ended December
2016. In line with past practice and disclosure, Cashbuild herewith provides its quarterly
operational update.
Revenue for the company was up by 4% on the second quarter of the prior financial year. Stores
opened since 1 July 2015 (new stores – 20 stores) contributed 4% of the increase, whilst existing
stores (219 stores) remained at similar levels when compared to the second quarter of the prior
financial year. This, together with the growth reported in the first quarter, equates to an increase
in revenue for the half year of 4%, with new stores contributing 4% of the increase whilst existing
stores remained at similar levels to that of the comparative period of the prior financial year.
Revenue for the Group, including P&L Hardware trading equates to growth of 14% for the
second quarter and 15% growth for the first half of the financial year when compared to the prior
year.
Transactions through the tills during the 2nd quarter increased by 1% (half year: 0%) to that of the
comparative period contributed by new stores increasing with 3% (half year: 3%) and existing
stores decreasing by 2% (half year: 3% decrease). Transactions for the 2nd quarter for the group
were up 10% (half year: 9%) with the inclusion of P&L Hardware.
Total units sold increased by 6% (half year: 7%) with existing stores increasing by 1% for the 2nd
quarter (half year: 3%). Units for the Group were up 11% (half year: 12%) with the inclusion of
P&L Hardware.
During the second quarter five new stores were opened (half year: nine stores), two stores were
refurbished (half year: two), one store relocated (half year: two), and one store closed at the
expiration of its lease term (half year: 2) bringing the total number of stores trading at the end of
the quarter to 293, which includes the 44 P&L Hardware stores and the 10 Cashbuild DIY pilot
stores.
Selling inflation was at 3% at the end of December 2016 when compared to December 2015
prices. Gross profit percentage margins remained at similar levels to those reported for the full
prior financial year.
Detail per region
The breakdown per region of the factual information given in the update above is reflected in the
three tables below.
With the P&L Hardware acquisition effective 1 June 2016 it will be shown separately for the
remainder of the financial year.
Revenue versus comparative period Total P&L New Existing Percentage
per region Hardware of total sales
% % % % %
South Africa Q1 17 14 2 1 90
Q2 16 12 4 - 90
Half Year 16 12 3 1 90
Lesotho Q1 (8) - - (8) 2
Q2 (3) - - (3) 1
Half Year (5) - - (5) 1
Namibia Q1 11 - 11 - 1
Q2 (1) - 11 (12) 2
Half Year 4 - 11 (7) 2
Swaziland Q1 1 - - 1 3
Q2 4 - - 4 3
Half Year 3 - - 3 3
Botswana (in Rand) Q1 (1) - - (1) 3
Q2 - - 7 (7) 3
Half Year - - 4 (4) 3
Botswana (in Pula) Half Year 1 - 4 (3)
Malawi (in Rand) Q1 21 - - 21 1
Q2 8 - - 8 1
Half Year 14 - - 14 1
Malawi (in Kwacha) Half Year 42 - - 42
Total Cashbuild Q1 15 12 2 1 100
Q2 14 10 4 - 100
Half Year 15 11 4 - 100
Transactions versus comparative Total P&L New Existing Percentage
period per region Hardware of total
transactions
% % % %
South Africa Q1 8 10 3 (5) 90
Q2 12 10 4 (2) 90
Half Year 10 10 3 (3) 90
Lesotho Q1 (8) - - (8) 2
Q2 (7) - - (7) 2
Half Year (8) - - (8) 2
Namibia Q1 4 - 10 (6) 2
Q2 (13) - 11 (24) 2
Half Year (5) - 10 (15) 2
Swaziland Q1 (3) - - (3) 3
Q2 3 - - 3 3
Half Year - - - - 3
Botswana Q1 (2) - - (2) 3
Q2 7 - 9 (2) 3
Half Year 3 - 5 (2) 3
Malawi Q1 21 - - 21 -
Q2 3 - - 3 -
Half Year 12 - - 12 -
Total Cashbuild Q1 7 9 3 (5) 100
Q2 10 9 3 (2) 100
Half Year 9 9 3 (3) 100
Number of stores – end quarter two Total P&L New Existing Percentage
Hardware of total
%
South Africa 254 44 18 192 87
Lesotho 5 - - 5 2
Namibia 4 - 1 3 1
Swaziland 7 - - 7 2
Botswana 11 - 1 10 4
Malawi 2 - - 2 1
DIY Pilot stores 10 - - 10 3
Total 293 44 20 229 100
17 January 2017
Sponsor
Nedbank Corporate and Investment Banking
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