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CASHBUILD LIMITED - First quarter operational update FY 2021

Release Date: 21/10/2020 12:30
Code(s): CSB     PDF:  
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First quarter operational update – FY 2021

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


Cashbuild herewith provides its voluntary quarterly operational update.

Revenue for the Cashbuild Group was up 22% on the first quarter of the prior financial year, 13 new stores
opened since 1 July 2019 contributed 3% of the increase, whilst the 304 existing stores increased by 19%.
Transactions for the Cashbuild Group increased by 19%, with new stores contributing 3% and existing stores
increasing by 16%.

Selling inflation was at 3.5% for the quarter ending September 2020 when compared to the quarter ending
September 2019.

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

Revenue performance Q1 FY2021 versus Q1 FY2020
Operating Segment                             Percentage of        Total      New        Existing
                                                Total Sales          %         %           %
Cashbuild South Africa                   Q1          80             25         4           21

Cashbuild Common Monetary Areas          Q1           6              28        -           28

Cashbuild Other *                        Q1           4              14        2           12

P&L Hardware South Africa                Q1           10              7        3            4

Total Group                              Q1          100             22        3           19
*Botswana, Malawi and Zambia

During the quarter the Group added two new Cashbuild stores, refurbished 11 Cashbuild stores, relocated one
Cashbuild store and closed three stores (one Cashbuild and two P&L Hardware stores) at the expiration of their
lease agreements, 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                             72      228          9        219
Cashbuild Common Monetary Areas                     5       16          -         16
Cashbuild Other *                                   4       13          1         12
Cashbuild DIY Pilot stores                          -        1          -          1
P&L Hardware South Africa                          19       59          3         56
Total Group                                       100      317         13        304
*Botswana, Malawi and Zambia

The information contained in this announcement has not been reviewed or reported on by Cashbuild’s auditors.

21 October 2020
Nedbank CIB

Date: 21-10-2020 12:30:00
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