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CASHBUILD LIMITED - First Quarter Operational Update - FY2019

Release Date: 17/10/2018 14:00
Code(s): CSB     PDF:  
 
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First Quarter Operational Update - FY2019

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

FIRST QUARTER OPERATIONAL UPDATE – FY 2019

Cashbuild herewith provides its voluntary quarterly operational update.

Revenue for the Cashbuild Group was up 3% on the first quarter of the prior financial year, 27 new stores
opened or acquired since 1 July 2017 contributed 4% of the increase, whilst the 288 existing stores decreased
by 1%.

Transactions for the Cashbuild Group decreased by 1%, with new stores increasing by 5% and existing stores
decreasing by 6%.

Selling inflation was 3% for the quarter ending September 2018 when compared to the same quarter of 2017.
Gross profit margin percentage for the Group is currently slightly lower than the same quarter of the prior year.

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

Revenue performance Q1 FY2019 versus Q1 FY2018
Operating Segment                      Percentage of        Total       New         Existing
                                         Total Sales          %           %            %
Cashbuild South Africa           Q1          78               2           3            (1)

Cashbuild Common Monetary Areas  Q1           6              (4)          3            (7)

Cashbuild Other *                Q1           4               2           5            (3)

P&L Hardware South Africa        Q1          12              19          13             6

Total Group                      Q1         100               3           4            (1)
*Botswana, Malawi and Zambia

During the quarter the Group added two new stores (two Cashbuild stores), relocated one P&L Hardware store
and five stores (two Cashbuild and three Cashbuild DIY) were closed nearing the end of their lease, bringing
the total number of stores trading at the end of the quarter to 315.

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         10         208
Cashbuild Common Monetary Areas                     6         18          1          17
Cashbuild Other *                                   5         15          2          13
Cashbuild DIY Pilot stores                          1          4          0           4
P&L Hardware South Africa                          19         60         14          46
Total Group                                       100        315         27         288
*Botswana, Malawi and Zambia

17 October 2018

Sponsor
Nedbank Corporate and Investment Banking

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