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CASHBUILD LIMITED - Third quarter operational update - FY2013

Release Date: 09/05/2013 09:00
Code(s): CSB     PDF:  
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Third quarter operational update - FY2013

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 2013

In line with past practice and disclosure, Cashbuild herewith provides its quarterly operational
update.

Revenue for the company was up by 1% on the third quarter of the prior financial year. Stores
opened since 1 July 2011 (new stores – 9 stores) contributed 2% of the increase, whilst existing
stores (187 stores) decreased with 1%. This, together with the growth reported in the first half,
equates to an increase in revenue year to date of 2%.

Transactions through the tills during the third quarter decreased by 2% compared to the third
quarter of the prior financial year. New stores contributed an increase of 3% while existing stores
decreased by 5%. Total units sold for the third quarter remained at similar levels to the prior year
with existing stores decreasing by 2%.

Two new stores were opened during this quarter, bringing the number of stores trading at the end
of the third quarter to 196. One store was refurbished during this quarter, and there were no stores
relocated.

Trading conditions remained tough throughout the quarter. Selling inflation was at 2% at the end
of March 2013 when compared to March 2012. Gross profit percentage margins have decreased
from levels 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          3           2            1             88
                                     Year
                                      Q3           1           2           (1)            88

Lesotho                              Half         (3)          -           (3)             3
                                     Year
                                      Q3           9           -            9              3

Namibia                              Half        (10)          -           (10)            1
                                     Year
                                      Q3           -           -            -              1

Swaziland                            Half         (9)          -           (9)             4
                                     Year
                                       Q3        (10)          -          (10)             4

Botswana (in Rand)                  Half           3           -            3              4
                                    Year
                                     Q3            9           -            9              4
Botswana (in Pula)                   Q3            3           -            3

Malawi (in Rand)                    Half         (17)          -          (17)             -
                                    Year
                                     Q3          (12)          -          (12)             -
Malawi (in Kwatcha)                  Q3           77           -           77

Total Cashbuild                     Half           2           2            -            100
                                    Year
                                     Q3            1           2           (1)           100



Transactions versus prior year per region   Total   New   Existing     Percentage
                                                                         of total
                                                                      transactions
                                             %      %        %              %

South Africa                        Half      -      2      (2)           89
                                    Year
                                     Q3      (3)     2      (5)           89

Lesotho                             Half     (1)     -      (1)            2
                                    Year
                                     Q3      5       -       5             2

Namibia                             Half    (12)     -      (12)           2
                                    Year
                                     Q3      (8)     -      (8)            2

Swaziland                           Half     2       -       2             3
                                    Year
                                     Q3      2       -       2             3

Botswana                            Half     (3)     -      (3)            4
                                    Year
                                     Q3      (6)     -      (6)            4

Malawi                              Half     8       -       8             -
                                    Year
                                     Q3      5       -       5             -

Total Cashbuild                     Half      -      2      (2)           100
                                    Year
                                     Q3      (2)     3      (5)           100

Number of stores – end quarter three        Total   New   Existing   Percentage of
                                                                         total
                                                                          %
South Africa                                  171     9      162          86
Lesotho                                         5     -        5           3
Namibia                                         3     -        3           2
Swaziland                                       6     -        6           3
Botswana                                       10     -       10           5
Malawi                                          1     -        1           1
Total                                         196     9      187         100

9 May 2013

Sponsor
Nedbank Capital

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