CASHBUILD LIMITED - Fourth quarter operational update - FY 2018

Release Date: 16/07/2018 17:10
Code(s): CSB
 
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Fourth 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”)

FOURTH QUARTER OPERATIONAL UPDATE – FY 2018

Cashbuild herewith provides its voluntary quarterly operational update.

Revenue for the fourth quarter for the Cashbuild Group was up 4% on the fourth quarter of the prior financial
year, with the 42 new stores opened or acquired since 1 July 2016 contributing 5% of the increase, whilst the
276 existing stores decreased by 1%. The growth for the fourth quarter together with the growth of the
previous quarters, equates to an increase in revenue for the Cashbuild Group of 5% for the financial year, with
new stores contributing 5% of the increase and existing stores remaining at similar levels.

Transactions through the tills during the fourth quarter for the Cashbuild Group increased by 1% to that of the
comparative period, with new stores contributing 5% of the increase whilst existing stores decreased by 4%.

Selling inflation was 2% at the end of June 2018 when compared to June 2017. Gross profit margin percentage
remained at similar levels to those reported at half year end.

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

Revenue performance 4th Quarter FY2018 versus 4th Quarter FY2017

Operating Segment                                  Percentage    Total      New        Existing
                                                     of Total     %          %           %
                                                      Sales
Cashbuild South Africa                  Half Year       79        3          3            -
                                           Q3           78        5          3            2
                                           Q4           79        2          3           (1)
                                        Full Year       79        3          3            -

Cashbuild Common Monetary Areas         Half Year        6        1          6           (5)
                                           Q3            6        7          4            3
                                           Q4            6       (2)         5           (7)
                                        Full Year        6        2          5           (3)

Cashbuild Other *                       Half Year        4        8          7            1
                                           Q3            4       12          8            4
                                           Q4            4        8          7            1
                                        Full Year        4        9          7            2

P&L Hardware South Africa               Half Year       11       16         12            4
                                           Q3           12       22         15            7
                                           Q4           11       21         14            7
                                        Full Year       11       19         14            5

Total Group                             Half Year      100        5          5            -
                                           Q3          100        7          5            2
                                           Q4          100        4          5           (1)
                                        Full Year      100        5          5            -

*Botswana, Malawi and Zambia

During the fourth quarter, the Group added three new stores (one Cashbuild and two P&L Hardware stores),
relocated two Cashbuild stores and refurbished 16 Cashbuild stores, bringing the total number of stores trading
at the end of the quarter to 318.

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

Number of stores – end of quarter          Percentage   Total      New     Existing
                                           of total
Cashbuild South Africa                          68       218        18         200
Cashbuild Common Monetary Areas                  6        18         2          16
Cashbuild Other *                                5        15         3          12
Cashbuild DIY Pilot stores                       2         7         -           7
P&L Hardware South Africa                       19        60        19          41
Total Group                                    100       318        42         276
*Botswana, Malawi and Zambia


16 July 2018
Sponsor
Nedbank CIB

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