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Fourth quarter operational update - FY 2014
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB ISIN: ZAE000028320
(“Cashbuild” or “the company”)
FOURTH QUARTER OPERATIONAL UPDATE – FY 2014
In line with past practice and disclosure, Cashbuild herewith
provides its quarterly operational update.
Revenue for the company was up by 6% on the fourth quarter of
the prior financial year. Stores opened since 1 July 2012 (new
stores – 24 stores) contributed 6% of the increase, whilst
existing stores (191 stores) remained at similar levels.
Twelve of the 24 new stores opened, are in proximity of
existing Cashbuild stores, causing an overlap of trading area
with resultant impact on existing stores sales growth and
customer transactions. The growth for the fourth quarter
together with the growth of previous quarters reported,
equates to an increase in revenue for the year of 6%.
Transactions through the tills during the fourth quarter
increased by 5% compared to the fourth quarter of the prior
financial year. New stores contributed an increase of 7% while
existing stores decreased by 2%. Total units sold for the
fourth quarter increased by 1% to the prior year with existing
stores decreasing by 4%.
Five new stores were opened, two stores were refurbished and
one relocated during the fourth quarter. For the financial
year, 15 new stores were opened, 20 refurbished and seven
stores were relocated, bringing the total number of stores
trading at the end of the financial year to 215. Six Cashbuild
DIY pilot stores (not included in the above number), were
trading at the end of the fourth quarter.
Trading conditions remained tough throughout the quarter.
Selling inflation was at 5% at the end of June 2014 when
compared to June 2013. Gross profit percentage margins remain
strong and increased from levels reported at the half year.
Detail per region
The breakdown per region of the factual information given in
the update above is reflected in the following three tables:
Revenue increase on prior Total New Exist Percen-
year per region Growth -ing tage of
total
sales
% % % %
Cashbuild Group Half year 7 4 3 100
Q3 6 6 - 100
Q4 6 6 - 100
Full year 6 5 1 100
South Africa Half year 6 5 1 87
Q3 5 5 - 87
Q4 5 6 (1) 87
Full year 6 6 - 87
Lesotho Half year 11 - 11 3
Q3 (12) - (12) 3
Q4 (13) - (13) 2
Full year (2) - (2) 3
Namibia Half year 31 - 31 2
Q3 26 - 26 2
Q4 18 - 18 2
Full year 27 - 27 2
Swaziland Half year 14 2 12 4
Q3 22 12 10 4
Q4 19 13 6 4
Full year 17 7 10 4
Botswana(in Rand) Half year 12 - 12 4
Q3 7 - 7 4
Q4 7 - 7 4
Full year 9 - 9 4
Botswana(in Pula) Half year 3 - 3
Q3 (2) - (2)
Q4 1 - 1
Full year 1 - 1
Malawi (in Rand) Half year 36 8 28 -
Q3 38 47 (8) -
Q4 51 43 8 1
Full year 41 28 9 -
Malawi(in Half year 42 8 34
Kwatcha)
Q3 30 42 (12)
Q4 57 45 12
Full year 43 28 15
Transaction increase on prior Total New Exis Percen-
year per region Growth t- age of
ing total
transac
-tions
% % % %
Cashbuild Group Half year 2 5 (3) 100
Q3 2 4 (2) 100
Q4 5 7 (2) 100
Full year 3 5 (2) 100
South Africa Half year 2 5 (3) 89
Q3 2 4 (2) 89
Q4 5 7 (2) 89
Full year 3 5 (2) 89
Lesotho Half year 2 - 2 2
Q3 (9) - (9) 2
Q4 (7) - (7) 2
Full year (2) - (2) 2
Namibia Half year 13 - 13 2
Q3 8 - 8 2
Q4 10 - 10 2
Full year 12 - 12 2
Swaziland Half year 4 1 3 3
Q3 10 13 (3) 3
Q4 10 14 (4) 3
Full year 7 8 (1) 3
Botswana Half year (3) - (3) 4
Q3 (2) - (2) 4
Q4 2 - 2 4
Full year (1) - (1) 4
Malawi Half year 7 3 4 -
Q3 21 24 (3) -
Q4 29 36 (7) -
Full year 16 16 - -
Unit increase on prior year Total New Exist-
Growth ing
% % %
Cashbuild Group Half year 8 4 4
Q3 - 3 (3)
Q4 1 5 (4)
Full year 4 4 -
Number of stores – end of Total New Existing Percentage
year of total
%
South Africa 188 22 166 87
Lesotho 5 - 5 2
Namibia 3 - 3 2
Swaziland 7 1 6 3
Botswana 10 - 10 5
Malawi 2 1 1 1
Total 215 24 191 100
Prospects
Management expect trading conditions to remain competitive
into the first quarter of the new financial year. Store
development activity is expected to continue at levels seen
over the past year.
Sponsor
Nedbank Capital
21 July 2014
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