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CASHBUILD LIMITED - Third quarter operational update FY 2021

Release Date: 19/04/2021 12:30
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Third quarter operational update – FY 2021

CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB                     ISIN: ZAE000028320
(“Cashbuild” or “the Group”)

THIRD QUARTER OPERATIONAL UPDATE – FY 2021

Cashbuild herewith provides its voluntary quarterly operational update.

Revenue for the third quarter for the Cashbuild Group was up 21% on the third quarter of the prior financial
year. The 299 existing stores’ revenue increased by 19% and the 18 new stores (opened since July 2019)
contributed 2%. This together with the growth reported in the first half, equates to an increase in revenue for
the year to date of 21%.

Transactions through the tills during the third quarter for the Cashbuild Group increased by 14% to that of the
comparative period, with new stores contributing 2% while existing stores increased by 12%.

Selling inflation was 6.3% at the end of March 2021 when compared to March 2020.

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

Revenue performance 3rd Quarter FY2021 versus 3rd Quarter FY2020
Operating Segment                            Percentage    Total                New         Existing
                                               of Total  Growth                Growth       Growth
                                                Sales       %                    %            %
Cashbuild South Africa            Half Year       80        24                   3            21
                                     Q3           81        25                   1            24

Cashbuild Common Monetary Areas   Half Year       6         28                   1            27
                                     Q3           6         21                   3            18

Cashbuild Other *                 Half Year       4         19                   -            19
                                     Q3           5         19                  (1)           20

P&L Hardware South Africa ^       Half Year       10         4                   3             1
                                      Q3          8         (5)                  3            (8)

Total Group                        Half Year     100        21                   2             19
                                      Q3         100        21                   2             19
*Botswana, Malawi and Zambia
^ The decline in past quarter is largely due to the closure of 6 P&L stores during the first half of the current
financial year.

During the third quarter the Group opened four new stores (three Cashbuild and one P&L Hardware) and
closed four P&L Hardware stores at the expiration of their lease agreements. The Group also relocated two
stores (one Cashbuild and one P&L Hardware) and refurbished one Cashbuild store, bringing the total number
of stores trading at the end of the quarter to 317.
A store breakdown by operating segment is reflected in the following table:

Number of stores – end of quarter Percentage Total                   New      Existing
three                             of total
Cashbuild South Africa                 73      231                      12       219
Cashbuild Common Monetary Areas         6       17                       1        16
Cashbuild Other *                       4       13                       1        12
Cashbuild DIY Pilot stores              -        1                       -         1
P&L Hardware South Africa              17       55                       4        51
Total Group                           100      317                      18       299
*Botswana, Malawi and Zambia


The above information has not been reviewed or reported on by Cashbuild’s auditors.

19 April 2021
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 19-04-2021 12:30:00
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