First 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”)
FIRST QUARTER OPERATIONAL UPDATE – FY 2014
In line with past practice and disclosure, Cashbuild herewith provides its quarterly trading update.
Revenue for the company was up by 10% on the first quarter of the prior financial year. Stores
opened since 1 July 2012 (new stores –12 stores) contributed 4% of the increase, whilst existing
stores (191 stores) contributed 6%.
Transactions through the tills during the 1st quarter increased by 3% with new stores increasing
with 4%. Existing stores showed a decrease of 1%. Units sold increased by 13% with existing
stores increasing by 11%.
Three new stores were opened during this quarter therefore the number of stores trading at the
end of the quarter was 203. Five stores were refurbished and one relocated during this quarter.
Management is satisfied with the growth in revenue experienced during this quarter. Trading
conditions remained tough throughout the quarter with gross margin growth in rands being lower
than the top line growth reported above. Selling inflation was at 4% at the end of September
2013. Management remains focused on actions aimed to reduce expenses growth to below gross
margin growth.
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 Q1 9 5 4 88
Lesotho Q1 21 - 21 3
Namibia Q1 37 - 37 1
Swaziland Q1 17 - 17 4
Botswana (in Rand) Q1 15 - 15 4
Botswana (in Pula) Q1 3 - 3
Malawi (in Rand) Q1 76 - 76 -
Malawi (in Kwatcha) Q1 61 - 61
Total Cashbuild Q1 10 4 6 100
Transactions versus prior year per region Total New Existing Percentage
of total
transactions
% % % %
South Africa Q1 3 4 (1) 89
Lesotho Q1 5 - 5 2
Namibia Q1 18 - 18 3
Swaziland Q1 4 - 4 2
Botswana Q1 - - - 4
Malawi Q1 8 - 8 -
Total Cashbuild Q1 3 4 (1) 100
Number of stores – end quarter one Total New Existing Percentage of
total
%
South Africa 178 12 166 88
Lesotho 5 - 5 2
Namibia 3 - 3 1
Swaziland 6 - 6 3
Botswana 10 - 10 5
Malawi 1 - 1 1
Total 203 12 191 100
28 October 2013
Sponsor
Nedank Capital
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