INTERIM RESULTS AND DIVIDEND DECLARATION Revenue for the six months ended 24 December 2023 R5.8 BILLION up 2% COMPANY PROFILE Headline earnings per share Cashbuild is southern Africa’s largest retailer of quality building materials 551.8 cents down 20% and associated products, selling direct to a cash-paying customer base through our chain of stores (321 at the end of this reporting period which Net asset value per share includes 53 P&L Hardware stores). Cashbuild carries an in-depth quality 7 757 CENTS down 16% product range tailored to the specific needs of the communities we serve. Our customers are typically home-builders and improvers, contractors, Dividend farmers, traders, as well as all other customers requiring quality building 325 CENTS down 19% materials at the best value. FINANCIAL HIGHLIGHTS FINANCIAL SUMMARY Revenue for the period increased by 2%. Revenue Six months Six months for stores in existence prior to July 2022 (pre- ended ended Year ended existing stores – 312 stores) increased by 1% and 24 December 25 December % 26 June our nine new stores contributed 1% growth. Gross R’million 2023 2022 change 2023 profit remained at similar levels while gross profit margin percentage decreased from 25.3% to 24.7%. Selling price inflation was 3.2% at the end Revenue 5 789 5 649 2 10 653 of December 2023 when compared to December Gross profit 1 431 1 431 – 2 705 2022. Operating expenses, excluding the Operating profit 50 262 (81) 233 impairment of the P&L Hardware Goodwill and Profit before taxation 25 227 (89) 178 P&L Hardware Trademark, increased by 7% Net profit attributable to owners of (existing stores increasing by 5% and new stores the Company 6 150 (97) 106 contributed a 2% increase). Operating profit Headline earnings 119 156 (24) 271 including the impairment of R137 million, decreased Earnings per share (cents) 14.0 652.8 (98) 456.9 by 81%. Basic earnings per share decreased by 98% and headline earnings per share also Diluted earnings per share (cents) 14.0 651.2 (98) 446.7 decreased by 20% from the prior period. Headline earnings per share (cents) 551.8 693.5 (20) 1 221.5 Diluted headline earnings per share (cents) 550.2 704.0 (22) 1 217.9 Cash and cash equivalents decreased to Net asset value (NAV) per share (cents) 7 757 9 266 (16) 8 068 R1 590 million due to higher stock levels in the current period and the repurchase of shares in the Dividend per share (cents) 325 400 (19) 732 second half of the prior year. Stock levels, including new stores have increased by 10% with DECLARATION OF DIVIDEND stockholding at 90 days (December 2022: 89 days The Board has declared an interim dividend (No. 62) of 325 cents (December 2022: 400 cents) per | June 2023: 90 days) at period end. Net asset ordinary share, out of income reserves, excluding the impact of the impairment of the P&L Hardware value per share decreased by 16%, from Goodwill and P&L Trademark, to all shareholders of Cashbuild Limited. The dividend per share is 9 266 cents (December 2022) to 7 757 cents. calculated based on 23 900 647 (December 2022: 24 989 811) shares in issue at the date of the During the period, the Group opened three new dividend declaration. The net local dividend amount is 260 cents per share for shareholders liable stores (two Cashbuild’s and one P&L Hardware) to pay Dividends Tax and 325 cents per share for shareholders exempt from paying Dividends Tax. and refurbished three Cashbuild stores. Cashbuild Local Dividends Tax is 20%. will continue its store expansion, relocation, and Cashbuild Limited’s tax reference number is 9575168712. refurbishment strategy in a controlled manner, after considering its continuously evolving feasibility process. Date dividend declared: Wednesday, 28 February 2024 Last day to trade “CUM” the dividend: Monday, 18 March 2024 PROSPECTS Date to commence trading “EX” the dividend: Tuesday, 19 March 2024 Group revenue for the six weeks subsequent Record date: Friday, 22 March 2024 to period end is at similar levels to prior year’s Date of payment: Monday, 25 March 2024 comparative six week period. Management expects trading conditions to remain challenging. Share certificates may not be dematerialised or rematerialised between Tuesday, 19 March 2024 This information has not been reviewed nor audited and Friday, 22 March 2024, both dates inclusive. by the Company’s auditor. Johannesburg QUALITY BUILDING MATERIALS Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited AT THE BEST VALUE Approved by the Board on 26 February 2024 Released on 28 February 2024 WWW.CASHBUILD.CO.ZA This short-form announcement is the responsibility of the Board of directors of Cashbuild, is prepared based on the reviewed interim results being the full announcement and does not contain full or complete details pertaining to the Group’s results. This short-form announcement is itself not reviewed Cashbuild Limited but extracted from the reviewed condensed consolidated financial statements which were reviewed by (Incorporated in the Republic of South Africa) Deloitte & Touche, who issued an unmodified review conclusion. Any investment decision should be (Registration number: 1986/001503/06) based on the full announcement available on Cashbuild’s website www.cashbuild.co.za and on the Share code: CSB | ISIN: ZAE000028320 JSE’s website at https://senspdf.jse.co.za/documents/2024/jse/isse/CSB/ie2023.pdf. Copies of the full (“Cashbuild” or “the Company” or “the Group”) announcement may be requested by contacting Elna Munro on telephone +27 11 248 1500.