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Second quarter operational update
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 2015
Cashbuild is currently in the process of finalising its results for the half-year ended December
2014. In line with past practice and disclosure, Cashbuild herewith provides its quarterly
operational update.
Revenue for the company was up by 13% on the second quarter of the prior financial year. Stores
opened since 1 July 2013 (new stores – 19 stores) contributed 6% of the increase, whilst existing
stores (198 stores) increased by 7% compared to the prior year. This, together with the growth
reported in the first quarter, equates to an increase in revenue for the half year of 12%, 6% of
which was contributed by existing stores.
Transactions through the tills during the 2nd quarter increased by 7% (half year: 7%) to that of the
comparative period. New stores increased with 7% and existing stores remained at similar levels
for the 2nd quarter. Total units sold increased by 8% with existing stores increasing by 3% for the
2nd quarter. Half year units sold increased by 6% on prior half year, with existing stores
increasing by 1%.
During the second quarter one new store was opened (half year: 4 stores), 10 stores were
refurbished (half year: 12), and two stores relocated (half year: 4). One store trading in close
proximity to another was closed at the end of the quarter resulting in the total number of stores
trading at the end of the quarter remaining at 217. Three CashbuildDIY stores were opened
during this quarter bringing the number of these pilot stores trading by the end of this quarter (not
included in above 217) to 11.
Trading conditions remained tough throughout the quarter although the gross profit percentage
margins continued at similar levels reported for the prior financial year. Selling inflation was at
3.4% at the end of December 2014 when compared to December 2013 prices. Management
continues to focus on actions to maximise sales growth in the current difficult trading
environment.
Detail per region
The breakdown per region of the factual information given in the update above is reflected in the
following three tables:
Revenue versus prior year per region Total New Existing Percentage
of total sales
% % % %
South Africa Q1 11 6 5 87
Q2 13 6 7 87
Half Year 12 6 6 87
Lesotho Q1 (18) - (18) 2
Q2 (6) - (6) 2
Half Year (12) - (12) 2
Namibia Q1 15 - 15 2
Q2 21 - 21 2
Half Year 18 - 18 2
Swaziland Q1 10 13 (3) 4
Q2 10 9 1 4
Half Year 10 11 (1) 4
Botswana (in Rand) Q1 8 - 8 4
Q2 6 - 6 4
Half Year 7 - 7 4
Botswana (in Pula) Half Year 5 - 5
Malawi (in Rand) Q1 60 60 - 1
Q2 103 53 50 1
Half Year 80 59 21 1
Malawi (in Kwacha) Half Year 88 62 26
Total Cashbuild Q1 10 6 4 100
Q2 13 6 7 100
Half Year 12 6 6 100
Transactions versus prior year per Total New Existing Percentage
region of total
transactions
% % % %
South Africa Q1 8 8 - 89
Q2 7 7 - 89
Half Year 7 7 - 89
Lesotho Q1 (8) - (8) 2
Q2 (1) - (1) 2
Half Year (4) - (4) 2
Namibia Q1 5 - 5 2
Q2 6 - 6 2
Half Year 6 - 6 2
Swaziland Q1 7 14 (7) 3
Q2 4 9 (5) 3
Half Year 6 12 (6) 3
Botswana Q1 5 - 5 4
Q2 5 - 5 4
Half Year 5 - 5 4
Malawi Q1 46 40 6 -
Q2 49 35 14 -
Half Year 48 38 10 -
Total Cashbuild Q1 7 7 - 100
Q2 7 7 - 100
Half Year 7 7 - 100
Number of stores – end quarter two Total New Existing Percentage of
total
%
South Africa 190 17 173 88
Lesotho 5 - 5 2
Namibia 3 - 3 1
Swaziland 7 1 6 3
Botswana 10 - 10 5
Malawi 2 1 1 1
Total 217 19 198 100
21 January 2015
Sponsor
Nedbank Capital
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