Third Quarter Operational Update – FY 2014
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB ISIN: ZAE000028230
(“Cashbuild” or “the company”)
THIRD 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 third quarter of the prior financial year. Stores
opened since 1 July 2012 (new stores – 19 stores) contributed 6% of the increase, whilst existing
stores (191 stores) remained at similar levels. Nine of the 19 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 third quarter together with the
growth reported in the first half, equates to an increase in revenue year to date of 7%.
Transactions through the tills during the third quarter increased by 2% compared to the third
quarter of the prior financial year. New stores contributed an increase of 4% while existing stores
decreased by 2%. Total units sold for the third quarter remained at similar levels to the prior year
with existing stores decreasing by 3%.
Three new stores were opened during this quarter, bringing the number of stores trading at the
end of the third quarter to 210. Two stores were refurbished and one relocated during this quarter.
Trading conditions remained tough throughout the quarter. Selling inflation was at 5% at the end
of March 2014 when compared to March 2013. Gross profit percentage margins remain strong at
similar levels to those 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 versus prior year per region Total New Existing Percentage
of total sales
% % % %
South Africa Half Year 6 5 1 87
Q3 5 5 - 8
Lesotho Half Year 11 - 11 3
Q3 (12) - (12) 3
Namibia Half Year 31 - 31 2
Q3 26 - 26 2
Swaziland Half Year 14 2 12 4
Q3 22 12 10 4
Botswana (in Rand) Half Year 12 - 12 4
Q3 7 - 7 4
Botswana (in Pula) Q3 (2) - (2)
Malawi (in Rand) Half Year 36 8 28 -
Q3 38 47 (8) -
Malawi (in Kwatcha) Q3 30 42 (12)
Total Cashbuild Half Year 7 4 3 100
Q3 6 6 - 100
Transactions versus prior year per region Total New Existing Percentage
of total
transactions
% % % %
South Africa Half Year 2 5 (3) 89
Q3 2 4 (2) 89
Lesotho Half Year 2 - 2 2
Q3 (9) - (9) 2
Namibia Half Year 13 - 13 2
Q3 8 - 8 2
Swaziland Half Year 4 1 3 3
Q3 10 13 (3) 3
Botswana Half Year (3) - (3) 4
Q3 (2) - (2) 4
Malawi Half Year 7 3 4 -
Q3 21 24 (3) -
Total Cashbuild Half Year 2 5 (3) 100
Q3 2 4 (2) 100
Number of stores – end quarter three Total New Existing Percentage of
total
%
South Africa 183 17 166 87
Lesotho 5 - 5 2
Namibia 3 - 3 2
Swaziland 7 1 6 3
Botswana 10 - 10 5
Malawi 2 1 1 1
Total 210 19 191 100
24 April 2014
Sponsor
Nedbank Capital
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