CASHBUILD LIMITED - First Quarter Operational Update - FY 2023

First 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”)

FIRST QUARTER OPERATIONAL UPDATE – FY 2023

Cashbuild herewith provides its voluntary quarterly operational update for the first quarter of the 2023
financial year (“first quarter”).

Revenue for the Cashbuild Group was down 4% on the first quarter of the prior financial year (“the
comparative quarter”), with the four new stores opened since 1 July 2021 contributing 1%, whilst the 310
existing stores decreased by 5%. Transactions for the Cashbuild Group decreased by 7%, new stores
contributed a 1% increase while existing stores decreased by 8% for the first quarter.

Selling inflation was 4.8% for the first quarter when compared to the comparative quarter.

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

Revenue performance 1st Quarter FY2023 versus 1st Quarter FY2022

Operating Segment                        Percentage of     Total       New        Existing
                                          Total Sales      Growth     Growth       Growth
                                                             %          %            %

Cashbuild South Africa             Q1          81           (2)          1          (3)
Cashbuild Common Monetary Areas    Q1           6           (9)          -          (9)
Cashbuild Other*                   Q1           5           (7)          -          (7)
P&L Hardware South Africa          Q1           8          (11)          -         (11)
Total Group                        Q1         100           (4)          1          (5)

*Botswana and Malawi

During the first quarter the Group closed four Cashbuild stores being two Cashbuild Zambia stores as
previously reported, one Cashbuild store which was looted in the prior year and one Cashbuild store at the
expiration of its lease agreement bringing the total number of stores trading at the end of the quarter to 314.

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

Number of stores – end of quarter             Percentage    Total       New       Existing
                                               of total

Cashbuild South Africa                             73        230         4          226
Cashbuild Common Monetary Areas                     6         18         -           18
Cashbuild Other*                                    4         11         -           11
Cashbuild DIY Pilot stores                          -          1         -            1
P&L Hardware South Africa                          17         54         -           54
Total Group                                       100        314         4          310

*Botswana and Malawi

The information contained in this operational update has not been reviewed or reported on by Cashbuild’s
auditors.

18 October 2022

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 18-10-2022 11:30:00
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