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CASHBUILD LIMITED - Second quarter operational update - FY 2018

Release Date: 22/01/2018 14:05
Code(s): CSB
 
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Second quarter operational update - FY 2018

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 2018

Cashbuild herewith provides its voluntary quarterly operational update.

Revenue for the second quarter for the Cashbuild Group was up 4% on the second quarter of the prior
financial year, with the 39 new stores opened or acquired since 1 July 2016 contributing 5% of the increase,
whilst the 278 existing stores decreased by 1%. This, together with the growth reported in the first quarter,
equates to an increase in revenue for the half year of 5%, with new stores contributing 5% of the increase
whilst existing stores remained at similar levels.

Transactions through the tills during the second quarter for the Cashbuild Group increased by 1% (half year:
1%) to that of the comparative period, with new stores increasing by 4% (half year: 4%) and existing stores
decreasing by 3% (half year: 3% decrease).

Selling inflation was 3% at the end of December 2017 when compared to December 2016. Gross profit
margin percentage for the Group is slightly lower than those reported for the first half of the prior financial
year.

A revenue performance breakdown per operating segment is reflected in the following table:

Revenue performance 1st Half FY2018 versus 1st Half FY2017
Operating Segment                                   Percentage     Total       New        Existing
                                                     of Total        %          %            %
                                                      Sales
Cashbuild South Africa                     Q1           79           5          4           1
                                           Q2           79           2          3          (1)
                                        Half Year       79           3          3           -

Cashbuild Common Monetary Areas            Q1            6           1          5          (4)
                                           Q2            6           1          7          (6)
                                        Half Year        6           1          6          (5)

Cashbuild Other *                          Q1            4           5          9          (4)
                                           Q2            4          11          5           6
                                        Half Year        4           8          7           1

P&L Hardware South Africa                  Q1           11          10          9           1
                                           Q2           11          22         16           6
                                        Half Year       11          16         12           4

Total Group                                Q1          100           5          4           1
                                           Q2          100           4          5          (1)
                                         Half Year     100           5          5           -
*Botswana, Malawi and Zambia

During the second quarter, the Group added 11 new stores (Eight Cashbuild and three P&L Hardware stores)
(half year: 22) and relocated two Cashbuild stores (half year: 4), bringing the total number of stores trading at
the end of the quarter to 317.

A store breakdown by location is reflected in the following table:

Number of stores – end of quarter           Percentage     Total         New       Existing
                                            of total
Cashbuild South Africa                          69          218           17          201
Cashbuild Common Monetary Areas                  5           18            2           16
Cashbuild Other *                                5           15            3           12
Cashbuild DIY Pilot stores                       3            8            -            8
P&L Hardware South Africa                       18           58           17           41
Total Group                                    100           317          39          278
*Botswana, Malawi and Zambia

22 January 2018

Sponsor
Nedbank Corporate and Investment Banking

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