A N N UA L R E S U LT S A N D D I V I D E N D D E C L A R AT I O N
                                                                                                                                                    FO R T H E Y E A R E N D E D 26 J U N E 202 2



                                                        COMPANY PROFILE                                                             CIVIL UNREST AND LOOTING
revenue
REVENUE (Rm)                                            Cashbuild is southern Africa’s leading retailer of quality building         During the year, July 2021, 36 (32 Cashbuild and 4 P&L
                                                        materials and associated products, selling direct to a cash-paying          Hardware) stores across the Group were impacted by
13 000                                                  customer base through our chain of stores (318 at the end of this           the unrest and looting. Stores were looted and damaged
                                                        financial year which includes 54 P&L Hardware stores). Cashbuild            which led to the scrapping of various categories of
                                      12 616




 11 000                                                 carries an in-depth quality product range tailored to the specific          property, plant and equipment (R20.4 million) and
                                                        needs of the communities we serve. Our customers are typically              inventory (R136 million). Cashbuild has insurance cover
                                               11 145
                   10 821




                                                        home-builders and improvers, contractors, farmers, traders, as well         for such events to minimise losses to the Group and
          10 207




                            10 091




 9 000
                                                        as all other customers requiring quality building materials at the          submitted insurance claims of R143 million for inventory,
                                                        best value.                                                                 R71 million for property, plant and equipment, R9 million
 7 000
                                                                                                                                    for additional operational costs as well as R100 million for
                                                        FINANCIAL HIGHLIGHTS                                                        business interruption to its respective insurers.
 5 000                                                  Revenue for the year decreased by 12%. Revenue for stores in
          2018     2019     2020     2021      2022     existence prior to July 2020 (pre-existing stores – 304 stores)             The insurance recovery claims have been recognised
                                                        decreased by 13% and our 14 new stores contributed 1% growth.               in cost of sales (R143 million) and other income
                                                        Gross profit decreased by 14% with gross profit margin percentage           (R181 million). The Group has received payments for all
                                                        decreasing from 26.9% to 26.3%. Selling price inflation was 7.2% at         claims relating to asset losses of R224 million. An interim
 OPERATING PROFIT (Rm)                                  the end of June 2022 when compared to June 2021.                            payment of R50 million was received on 30 April 2022 for
                                                                                                                                    business interruption claim of R100 million. Of the 36 stores
                                                        Operating expenses, including new stores, were well controlled in           looted, 28 have since re-opened, 3 permanently closed
 1 100                                                  line with the revenue decline, decreasing by 13% (existing stores           and the remaining 5 are either in process of being rebuilt
                                                        reduced by 15% and new stores contributed a 2% increase)
                                      1 039




   950                                                                                                                              or under consideration for closure.
                                                        resulting in the operating profit decreasing by 16%.
                                               876




   800
                                                        The effective tax rate of 39% for the year is higher than the prior year,   PROSPECTS
   650
                                                        due to withholding taxes on foreign country dividends declared              Group revenue for the six weeks subsequent to period
   500                                                  during the year.                                                            end is 3% lower than the prior year's comparative six
                   559
           543




                            520




                                                                                                                                    week period. Management expects trading conditions
   350                                                  Basic earnings per share decreased by 29% with headline earnings            to remain challenging. This information has not been
   200
                                                        per share also decreasing by 33% from the prior year.                       reviewed nor audited by the company’s auditor.
          2018     2019     2020     2021      2022
                                                        Cash and cash equivalents decreased to R1 939 million due to                DECLARATION OF DIVIDEND
                                                        the 2021 higher final dividend paid during the year. Stock levels,          The Board has declared a final dividend (No. 59)
                                                        including new stores have decreased by 2% with stockholding                 of 677 cents (June 2021: 2 211 cents) per ordinary share,
                                                        at 81 days (June 2021: 74 days) at year end. Net asset value per            out of income reserves to all shareholders of Cashbuild
 NAV PER SHARE (cents)                                  share decreased by 8%, from 10 212 cents (June 2021) to 9 350 cents.        Limited. This is based on the updated group dividend
                                                        During the year, Cashbuild opened 4 new Cashbuild stores,                   cover policy of 1.5 times. The dividend per share is
 11 000                                                 refurbished 21 Cashbuild stores and relocated 1 Cashbuild store.            calculated based on 24 989 811 (June 2021: 24 989 811)
 10 000                                                 During the financial year, 4 Cashbuild and 1 P&L Hardware stores            shares in issue at the date of the dividend declaration.
                                      10 212




                                                        were closed. The closures relate to the looting that occurred during        The net local dividend amount is 541.6 cents per
  9 000
                                                9 350




                                                        July 2021 and two continuous non-performing stores. Cashbuild will          share for shareholders liable to pay Dividends Tax
                    8 636




                                                        continue its store expansion, relocation and refurbishment strategy         and 677 cents per share for shareholders exempt from
                            8 470




  8 000
                                                        in a controlled manner, after considering its continuously evolving         paying Dividends Tax. The total dividend for the year
           7 561




  7 000
                                                        feasibility process.                                                        amounts to 1 264 cents (June 2021: 2 935 cents). Local
  6 000                                                                                                                             Dividends Tax is 20%.
  5 000
                                                        FINANCIAL SUMMARY
                                                                                                                                    Cashbuild Limited’s tax reference number is 9575168712.
          2018     2019     2020     2021      2022
                                                                                             26 June     27 June
                                                        R’million                               2022        2021    % change        The relevant dates for the declaration are as follows:
                                                                                                                                    Date dividend declared: Tuesday, 30 August 2022;
                                                        Revenue                               11 145       12 616         (12)      Last day to trade “CUM” the dividend: Tuesday,
                                                                                                                                    20 September 2022; Date to commence trading “EX” the
 HEADLINE EARNINGS (Rm)                                 Operating profit                         876        1 039         (16)
                                                                                                                                    dividend: Wednesday, 21 September 2022; Record date:
                                                        Earnings per share (cents)           2 094.7      2 935.7         (29)      Friday, 23 September 2022; Date of payment: Monday,
   700                                                  Headline earnings per share                                                 26 September 2022. Share certificates may not be
                                                         (cents)                             1 929.4      2 872.6         (33)      dematerialised or rematerialised between Wednesday,
                                      650




   600                                                                                                                              21 September 2022 and Friday, 23 September 2022, both
                                                        Final dividend per share (cents)         677        2 211         (69)
                                                                                                                                    dates inclusive.
   500
                                                        The unqualified auditor’s report, containing key audit matters, together with the annual financial statements are available on
   400                                                  the Company’s website at https://cashbuild.co.za/pdf/investorrelations/reports/2022/2022-year-end-results.pdf.
                   434




                                                436
           424




                            259




   300                                                  The short-form announcement is the responsibility of the Board of directors of Cashbuild and is only a summary of the
                                                        information in the full announcement. Any investment decision should be based on the full announcement published
   200                                                  on the JSE website and which is available on Cashbuild’s website http://www.cashbuild.co.za/Report_2022. The full
          2018     2019     2020     2021      2022
                                                        announcement is also available at the Company’s registered office for inspection, at no charge, during office hours. Copies
                                                        of the full announcement may be requested by contacting Elna Munro on telephone +27 (0)11 248 1500. The JSE link is
                                                        https://senspdf.jse.co.za/documents/2022/jse/isse/CSB/ye2022.pdf.
                                                                                                                                                                                Ormonde
                                                                                                                                                  Approved by the board on 30 August 2022

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited                                                                                     Released 31 August 2022

Quality building materials at the best value                                                                                                             www.cashbuild.co.za

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