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Second quarter operational update - FY 2023
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB ISIN: ZAE000028320
(“Cashbuild” or “the Group”)
SECOND QUARTER OPERATIONAL UPDATE – FY 2023
Cashbuild herewith provides its voluntary quarterly operational update for the second quarter of the 2023
financial year (“second quarter”).
Revenue for the second quarter for the Cashbuild Group was down 5% on the second quarter of the prior
financial year (“comparative period”). The 309 existing stores revenue decreased by 6% and the seven new
stores, opened since 1 July 2021, contributed 1%. This, combined with the results reported in the first quarter
of the 2023 financial year, equates to a decrease in revenue for the half year of 4% compared to the prior half
year.
Transactions through the tills during the second quarter for the Cashbuild Group decreased by 7% (half year:
7% down) to that of the comparative period, with existing stores decreasing by 8% (half year: 8% down) and
new stores contributing 1% (half year: 1%).
Selling inflation was 4.5% at the end of December 2022 when compared to the end of December 2021.
A revenue performance breakdown per operating segment is reflected in the following table:
Revenue performance 1st Half FY2023 versus 1st Half FY2022
Operating Segment Percentage Total New Existing
of Total Growth Growth Growth
Sales % % %
Cashbuild South Africa Q1 81 (2) 1 (3)
Q2 81 (4) 1 (5)
Half Year 81 (3) 1 (4)
Cashbuild Common Monetary Areas Q1 6 (9) - (9)
Q2 7 (6) - (6)
Half Year 7 (8) - (8)
Cashbuild Other * Q1 5 (7) - (7)
Q2 4 (9) - (9)
Half Year 4 (8) - (8)
P&L Hardware South Africa Q1 8 (11) - (11)
Q2 8 (9) - (9)
Half Year 8 (10) - (10)
Total Group Q1 100 (4) 1 (5)
Q2 100 (5) 1 (6)
Half Year 100 (4) 1 (5)
*Botswana and Malawi (The comparative period included Zambia which has since been closed.)
During the second quarter, the Group opened 3 new Cashbuild stores (half year: 3 Cashbuild), completed 8
Cashbuild and 2 P&L Hardware refurbishments (half year: 12 Cashbuild and 2 P&L Hardware) and closed 1
non performing P&L Hardware store (half year: four Cashbuild and 1 P&L Hardware), bringing the total
number of stores trading at the end of the half year to 316.
A store breakdown by operating segment is reflected in the following table:
Number of stores – end of quarter two Percentage Total New Existing
of total
Cashbuild South Africa 74 233 7 226
Cashbuild Common Monetary Areas 6 18 0 18
Cashbuild Other * 3 11 0 11
Cashbuild DIY Pilot stores - 1 0 1
P&L Hardware South Africa 17 53 0 53
Total Group 100 316 7 309
*Botswana and Malawi
The information contained in this operational update has not been reviewed or reported on by Cashbuild’s
auditors.
23 January 2023
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 23-01-2023 12:00:00
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