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CSB - Cashbuild Limited - Second quarter operational update - FY 2012 CASHBUILD LIMITED (Registration number: 1986/001503/06) (Incorporated in the Republic of South Africa) JSE share code: CSB ISIN: ZAE000028230 ("Cashbuild" or "the company") SECOND QUARTER OPERATIONAL UPDATE - FY 2012 Cashbuild is currently in the process of finalising its results for the half-year ended December 2011. In line with past practice and disclosure, Cashbuild herewith provides its 2nd quarter operational update. Revenue for the 2nd quarter and the half year increased by 9% compared to the same periods of the prior financial year. Stores opened since 1 July 2010 (new stores - 6 stores) contributed 1% of the increase, whilst existing stores (185 stores) contributed 8%. Transactions through the tills during the 2nd quarter and the half year, showed no growth when compared to that of the same periods of the prior year. Transactions through the tills for new stores increased by 1% and existing stores decreased by 1%. Units sold increased by 13% (Q1: 10% increase). Existing stores increased by 12% (Q1: 8% increase). Half year units increased by 12% on prior half year with existing stores increasing by 10%. One new store was opened during this quarter (half year 1 store) and one old store was closed (located in an unsustainable market) bringing the number of stores trading at the end of the half year period to 191. Two stores were refurbished during this quarter (half year 4) and two stores were relocated (half year 2). In addition to the factual part of the operational update given above, the following paragraphs will only deal with indicative information. Gross profit percentage margins Gross margin percentage has increased during the quarter from that of quarter 1. Gross margin percentage for the 1st half are at similar levels to those of the second half of the previous financial year. Summary Growth in revenue of 9% experienced during this quarter was in line with managements objectives in the current trading climate. Selling inflation was at 5% at the end of December 2011 when compared to December 2010. Detail per region The breakdown per region of the factual information provided above is reflected in the following three tables: Revenue versus prior year Total New Existing Percentage per region stores stores stores of total sales % % % %
South Africa Q1 10 2 8 87 Q2 11 1 10 87 Half 10 1 9 87 Year
Lesotho Q1 13 - 13 3 Q2 19 - 19 3 Half 16 - 16 3
Year Namibia Q1 28 - 28 2 Q2 20 - 20 2
Half 24 - 24 2 Year Swaziland Q1 (8) - (8) 4 Q2 (13) - (13) 4 Half (11) - (11) 4 Year
Botswana (in Rand) Q1 (8) - (8) 4 Q2 (4) - (4) 4 Half (6) - (6) 4 Year
Botswana (in Pula) Half (8) - (8) Year Malawi (in Rand) Q1 (6) - (6) - Q2 (4) - (4) - Half (5) - (5) - Year Malawi (in Kwatcha) Half (10) - (10) Year Total Cashbuild Q1 8 1 7 100 Q2 9 1 8 100
Half 9 1 8 100 Year Transactions versus prior Total New Existing Percentage year per region stores stores stores of total transactions % % % % South Africa Q1 2 2 - 89 Q2 - 1 (1) 89 Half Year 1 1 - 89 Lesotho Q1 - - - 2 Q2 3 - 3 2 Half Year 2 - 2 2 Namibia Q1 13 - 13 3 Q2 15 - 15 2 Half Year 14 - 14 2 Swaziland Q1 (8) - (8) 2 Q2 (13) - (13) 3 Half Year (11) - (11) 3 Botswana Q1 (12) - (12) 4 Q2 (14) - (14) 3 Half Year (13) - (13) 4 Malawi Q1 (18) - (18) - Q2 (20) - (20) - Half Year (19) - (19) - Total Cashbuild Q1 1 2 (1) 100 Q2 - 1 (1) 100 Half Year - 1 (1) 100 Number of stores - end Total New Existing Percentage of quarter two stores stores stores total % South Africa 165 6 159 86 Lesotho 5 - 5 3 Namibia 4 - 4 2 Swaziland 6 - 6 3 Botswana 10 - 10 5 Malawi 1 - 1 1 Total 191 6 185 100 24 January 2012 Sponsor Nedbank Capital Date: 24/01/2012 09:29:37 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
