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CSB - Cashbuild - Second Quarter Operational Update - Fy 2007 CASHBUILD LIMITED (Registration number: 1986/001503/06) (Incorporated in the Republic of South Africa) JSE share code: CSB & ISIN: ZAE000028320 ("Cashbuild" or "the company") SECOND QUARTER OPERATIONAL UPDATE - FY 2007 Cashbuild is currently in the process of finalising its results for the half- year. In line with past practice and disclosure, Cashbuild herewith provides its quarterly trading update. Revenue for the company was up by 22% on the second quarter of the prior financial year. Stores opened since 1 July 2005 (new stores) contributed 12% of the increase, whilst existing stores increased by 10%. This, together with the growth reported in quarter one, equates to revenue for the half year being up by 22%, with new stores adding 12%, and existing stores 10%. Transactions through the tills increased by 20% with new stores adding 15% and existing stores growing by 5%. Half year increased by 21%, new stores adding 14% and existing stores 7%. Units sold increased by 13% (Q1 19%). New stores added 14% (Q1 11%) to the growth, whilst existing stores decreased by 1% (Q1 increase 8%). Half year increased by 15%, new stores adding 13% and existing stores 2%. Eight new stores were opened during this quarter (half year 10) bringing the number of stores trading at the end of the half year to 160. One store was relocated during this quarter. In addition to the factual part of the operational update given above, the following paragraphs will only deal with indicative information. Gross profit margins (not operating margin) were in line with expectations and at similar levels as those of the prior comparable period. Following measures introduced in the 2nd half of the prior financial year as well as the non-recurrence of certain once-off expenses, operating expenses for the quarter remain well under control. The expenses associated with the opening of new stores were in line with the Cashbuild business model. Prospects Management is encouraged by the positive trading experienced in all the regions over the traditionally good festive season, except Swaziland which was disappointing, albeit off a very high base. The trend subsequent to quarter two remains positive and management looks forward to solid trading results for the rest of the financial year. The release of the half year results, is scheduled for the week commencing 19 March 2007. Detail per region The breakdown per region of the factual information given in the update above is reflected in the following three tables: Revenue increase on prior Percentage of Total New Existing year per region total sales % % % % South Africa Q1 81 24 12 12 Q2 82 24 15 9 Half 82 24 14 10 year
Lesotho Q1 2 9 - 9 Q2 2 16 - 16 Half 2 12 - 12 year
Namibia Q1 3 31 17 14 Q2 3 18 (3) 21 Half 3 23 5 18
year Swaziland Q1 7 3 7 (4) Q2 6 2 4 (2)
Half 7 3 6 (3) year Botswana (in Rand) Q1 7 20 - 20 Q2 6 23 - 23 Half 6 22 - 22 year
Malawi (in Rand) Q1 0 3 - 3 Q2 1 10 - 10 Half 0 7 - 7 year
Transaction increase on Percentage of Total New Existing prior year per region total transactions % % % %
South Africa Q1 84 24 15 9 Q2 85 21 17 4 Half 85 22 17 5
year Lesotho Q1 2 9 - 9 Q2 2 9 - 9
Half 2 9 - 9 year Namibia Q1 3 44 23 21 Q2 3 13 (1) 14 Half 3 26 9 17 year
Swaziland Q1 5 25 13 12 Q2 5 11 4 7 Half 5 16 8 8 year
Botswana Q1 6 16 - 16 Q2 5 20 - 20 Half 5 18 - 18
year Malawi Q1 0 7 - 7 Q2 0 0 - 0
Half 0 3 - 3 year Number of stores - half year Percentage Total New Existing end of total % South Africa 84 134 25 109 Lesotho 3 5 - 5 Namibia 2 4 1 3 Swaziland 4 6 1 5 Botswana 6 10 - 10 Malawi 1 1 - 1 Total 100 160 27 133 15 January 2007 Sponsor Nedbank Capital Date: 15/01/2007 13:21:05 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.
