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CASHBUILD LIMITED - Third quarter operational update - FY 2018

Release Date: 17/04/2018 13:38
Code(s): CSB     PDF:  
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Third quarter operational update - FY 2018

(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB                     ISIN: ZAE000028320
(“Cashbuild” or “the company”)


Cashbuild herewith provides its voluntary quarterly operational update.

Revenue for the third quarter for the Cashbuild Group was up 7% on the third 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 276 existing stores increased by 2%. This, together with the growth reported in the
first half, equates to an increase in revenue for the year to date of 5%, with new stores contributing 4% of
the increase whilst existing stores increased by 1%.

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

Selling inflation was 2% at the end of March 2018 when compared to March 2017. Gross profit margin
percentage remains 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 3rd Quarter FY2018 versus 3rd Quarter FY2017
Operating Segment                                     Percentage    Total        New       Existing
                                                       of Total       %           %           %
Cashbuild South Africa                   Half Year         79         3           3           -
                                            Q3             78         5           3           2

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

Cashbuild Other *                        Half Year          4         8           7           1
                                            Q3              4        12           8           4

P&L Hardware South Africa                Half Year         11        16          12           4
                                            Q3             12        22          15           7

Total Group                              Half Year        100         5           5           -
                                            Q3            100         7           5           2
*Botswana, Malawi and Zambia

During the third quarter the Group closed one Cashbuild store at the expiration of its lease agreement and
one temporary closure of a Cashbuild DIY whilst it is being rebuilt into a standard Cashbuild model store,
bringing the total number of stores trading at the end of the quarter to 315.

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                           69      217           17         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                        18       58           17          41
Total Group                                     100      315           39         276
*Botswana, Malawi and Zambia

17 April 2018
Nedbank CIB

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