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Unaudited Results For The Six Months Ended 30 June 2022
CA SALES HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2011/143100/06
Registered as an external company in the Republic of Botswana
Botswana registration number: BW00001085331
JSE Limited (“JSE”) share code: CAA
Botswana Stock Exchange (“BSE”) share code: CAS-EQO
ISIN: ZAE400000036
(“CA&S” or “the Company” or “the group”)
UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2022
1. NATURE OF BUSINESS
CA&S is the holding entity of a collective of well-established fast-moving consumer goods
(“FMCG”) retail solutions businesses that operate across Southern Africa, offering route-
to-market services to prominent multinational, as well as local brand owners and
manufacturers. The group partners with its clients to take brands across geographical
borders, then assists moving them through the supply chain and into stores, onto shelves
and into baskets and trollies, ensuring they are available, visible and promoted to shoppers
across the Southern African region.
CA&S works closely with its clients to solve trade obstacles, to build category and brand
presence on shelf and to protect and grow their respective market shares. The group’s
services include warehousing, various models of distribution, sales, merchandising,
shopper marketing and training as well as selected debtor services, category consultation
and key account assistance.
2. SALIENT FEATURES
The trading environment improved during the first half of 2022, compared to the first half
of the prior year, which was negatively impacted by trading restrictions. This
improvement, as well as the on-boarding of new clients contributed to the growth during
this period.
Revenue increased by 20% to R4 283 million, from R3 579 million in the prior
corresponding period.
Operating profit increased by 47% to R215 million, from R146 million in the prior
corresponding period.
Headline earnings per share (“HEPS”) increased by 44% to 30.0 cents per share, from
20.8 cents per share in the prior corresponding period.
Earnings per share (“EPS”) increased by 56% to 30.3 cents per share, from 19.4 cents
per share in the prior corresponding period.
EPS increased by a larger number than HEPS mainly as a result of a goodwill impairment
entry of R6.6 million in the previous interim period, which was excluded from headline
earnings for that period.
Total assets increased by 17% to R3.7 billion due to the increase in fixed and intangible
assets as well as working capital.
No dividend has been declared for the six months ended 30 June 2022
(30 June 2021: nil), as it is the Company’s policy to only declare dividends once a year,
after its year-end.
3. OUTLOOK
The increased geopolitical risks as a result of the protracted conflict between Russia and
Ukraine adversely impacted on global economic conditions which resulted in rising fuel
and other commodity prices as well as scarcity of certain raw materials. Global inflation
and the challenging economic environment are expected to continue for the foreseeable
future. However, the group is well positioned with its strong balance sheet and a diverse
geographical presence, as well as a diversified portfolio which should continue to enable
it to deliver sustainable results for the remainder of the financial year.
CA&S will continue its expansion of services for new and existing clients and will continue
to offer bespoke solutions to brand owners across the region. A focus will be on channel
broadening across existing businesses within existing geographies. Where feasible, the
group will also grow its client and customer networks and make value-adding acquisitions.
4. SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It
contains only a summary of the information in the full announcement (“Full
Announcement”) and does not contain full or complete details. The Full Announcement
can be found at:
https://senspdf.jse.co.za/documents/2022/JSE/ISSE/CAAE/CAAHY22.pdf
A copy of the Full Announcement is also available for viewing on the Company’s website
at https://casholdings.co.za/results-reports/ or may be requested in person, at the
Company’s registered office or the office of the Company’s JSE Sponsor, PSG Capital,
at no charge, during office hours.
Any investment decisions by investors and/or shareholders should be based on
consideration of the Full Announcement, as a whole.
These interim results have not been audited, reviewed or reported on by the Company’s
auditors.
Centurion
5 September 2022
JSE Sponsor Independent Joint JSE Sponsor
PSG Capital Tamela Holdings
BSE
Sponsoring Broker
Imara Capital Securities
Date: 05-09-2022 09:00:00
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