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CASHBUILD LIMITED - First Quarter Operational Update FY 2014

Release Date: 28/10/2013 16:50
Code(s): CSB     PDF:  
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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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