Annual Results and
Dividend Declaration
for the year ended 25 June 2023


             Revenue                               Headline earnings                     Net asset value per share                                Final Dividend
           R10.7 BILLION                            R271 MILLION                               8 068 CENTS                                         332 CENTS
             down 4%                                  down 38%                                  down 14%                                            down 51%



COMPANY PROFILE
Cashbuild is southern Africa’s largest retailer of quality building materials and associated products, selling direct to a cash-paying
customer base through our chain of stores (318 at the end of this reporting period which includes 52 P&L Hardware stores).
Cashbuild carries an in-depth quality product range tailored to the specific needs of the communities we serve. Our customers are
typically home-builders and improvers, contractors, farmers, traders, as well as all other customers requiring quality building
materials at the best value. Cashbuild has built its credibility and reputation by consistently offering its customers quality building
materials at the best value through a purchasing and inventory policy that ensures customers’ requirements are always met.



FINANCIAL HIGHLIGHTS                                        FINANCIAL SUMMARY
Revenue for the year decreased by 4% when
compared to the previous financial year. Revenue                                                                               25 June             26 June                   %
for stores in existence prior to July 2021 (pre-existing    R’million                                                             2023                2022               change
stores – 308 stores) decreased by 6% and our 10 new
stores contributed 2% growth. Gross profit decreased        Revenue                                                              10 653             11 145                    (4)
by 8% with gross profit margin percentage decreasing        Profit                                                                  233                876                  (73)
from 26.3% to 25.4%. Selling price inflation was
                                                            Earnings per share (cents)                                            456.9            2 094.7                  (78)
5.4% at the end of June 2023 when compared to
                                                            Headline earnings per share (cents)                                 1 221.5            1 929.4                  (37)
June 2022.
                                                            Final dividend per share (cents)                                        332                677                  (51)
Comparable operating expenses, excluding the P&L
Hardware Goodwill impairment in the current year and
                                                            DECLARATION OF DIVIDEND
the looting effects of the prior year, increased by 5%
                                                            The Board has declared a final dividend (No. 61) of 332 cents (June 2022: 677 cents) per ordinary
(existing stores increasing by 4% and new stores            share, out of income reserves, excluding the impact of the impairment on the P&L Hardware
contributed a 1% increase). On a statutory basis,           Goodwill, to all shareholders of Cashbuild Limited. The dividend per share is calculated based on
operating expenses increased by 20% (existing stores        23 900 647 (June 2022: 24 989 811) shares in issue at the date of the dividend declaration. The net
increasing by 19% and new stores contributed a 1%           local dividend amount is 265.6 cents per share for shareholders liable to pay Dividends Tax and 332
increase). The decrease in revenue together with            cents per share for shareholders exempt from paying Dividends Tax. The total dividend for the year
increasing costs resulted in the operating profit           amounts to 732 cents (June 2022: 1 264 cents). Local Dividends Tax is 20%.
decreasing by 73% (53% on a comparable basis
mentioned earlier). Basic earnings per share decreased      Cashbuild Limited’s tax reference number is 9575168712.
by 78% with headline earnings per share also
decreasing by 37% from the prior year.                      Date dividend declared:                                                              Tuesday, 29 August         2023
                                                            Last day to trade “CUM” the dividend:                                            Tuesday, 19 September          2023
The high effective tax rate of 35.5% for the year is as a
                                                            Date to commence trading “EX” the dividend:                                    Wednesday, 20 September          2023
result of the impairment of the P&L Hardware Goodwill
however still lower than the prior year due to              Record date:                                                                       Friday, 22 September         2023
withholding tax on inter-group dividends paid.              Date of payment:                                                                 Tuesday, 26 September          2023

Cash and cash equivalents decreased to R1 583 million       Share certificates may not be dematerialised or rematerialised between Wednesday, 20 September
due to higher stock levels in the current year and the      2023 and Friday, 22 September 2023, both dates inclusive.
repurchase of shares. Stock levels, including new           Johannesburg
stores have increased by 12% with stockholding at
90 days (June 2022: 81 days) at year end. Net asset         Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
value per share decreased by 14%, from 9 350 cents
                                                            Approved by the Board on 29 August 2023
(June 2022) to 8 068 cents.
                                                            Released 30 August 2023
During the year, Cashbuild opened 6 new Cashbuild
stores, refurbished 18 Cashbuild and 2 P&L Hardware         This short form announcement is the summarised version of the audited financial results for the year
stores. 4 Cashbuild stores and 1 P&L Hardware store         ended 25 June 2023 of Cashbuild Limited and its subsidiaries and, as such, it does not contain full or
were closed during the year. The closures relate to         complete details pertaining to the Group’s financial statements. This short-form announcement has
1 looted store, 1 as a result of a relocation and the       not been audited by the external auditor, is the responsibility of the Board of directors of Cashbuild
remainder due to non-performance which included the         and is prepared based on the audited financial statements. Any investment decisions should be based
last 2 Zambian stores. Cashbuild will continue its store    on the audited financial statements as the information in this announcement does not provide all of
expansion, relocation, and refurbishment strategy in a      the details. The financial statements are available on Cashbuild’s website www.cashbuild.co.za
controlled manner, after considering its continuously       and on the JSE cloudlink https://senspdf.jse.co.za/documents/2023/jse/isse/CSB/ye2023.pdf. The
evolving feasibility process.                               financial statements have been audited by the company’s external auditor, Deloitte & Touche who
                                                            expressed an unmodified opinion on the financial statements. Shareholders are advised that, in
PROSPECTS
                                                            order to obtain a full understanding of the nature of the auditor’s engagement and more specifically
Group revenue for the six weeks subsequent to period
                                                            the nature of the information that has been audited, they should obtain a copy of the auditor’s
end is 1% lower than the prior year’s comparative
                                                            report included in the financial statements. The financial statements are also available on request by
six-week period. Management expects trading
                                                            contacting Elna Munro on telephone +27 11 248 1500 or emunro@cashbuild.co.za.
conditions to remain challenging. This information has
not been reviewed nor audited by the Company’s              Cashbuild Limited | (Incorporated in the Republic of South Africa) | (Registration number: 1986/001503/06)
auditor.                                                    Share code: CSB | ISIN: ZAE000028320 | (“Cashbuild” or “the Company” or “Group”)




                 QUALITY BUILDING MATERIALS AT THE BEST VALUE                                                                 WWW.CASHBUILD.CO.ZA