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Group results for the 52 weeks to 3 July 2022

Published: 2022-09-06 08:45:59 ET
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                                                           (Reg. No. 1936/007721/06) | (ISIN: ZAE000012084) | (JSE Share code: SHP)
                                                                 (NSX Share code: SRH) | (LuSE Share code: SHOPRITE) | (“the Group”)




                                           Group results for the 52 weeks to 3 July 2022
                                                                                                                                                                                         52 weeks     53 weeks
                                           Pieter Engelbrecht,                                             Key information – continuing operations
                                                                                                                                                                               Change
                                                                                                                                                                                   %         2022         2021
                                           Chief Executive Officer
                                           We are proud of our 2022 results                                Sale of merchandise (Rm)                                              9.6      184 078      168 030
                                                                                                           Trading profit (Rm)                                                   6.8       11 030       10 332
                                           especially considering our high                                 Operating profit (Rm)                                                11.8       10 807        9 664
                                           base, the additional week included                              Profit before income tax (Rm)                                        19.1        8 286        6 957
                                                                                                           Income tax expense (Rm)                                              14.1        2 556        2 241
                                           in our reporting calendar last year                             Profit for the year (Rm)                                             21.5        5 730        4 716
                                           and the headwinds presented by a                                    Attributable to owners of the parent (Rm)
                                                                                                               Attributable to non-controlling interest (Rm)
                                                                                                                                                                                            5 701
                                                                                                                                                                                               29
                                                                                                                                                                                                         4 698
                                                                                                                                                                                                            18
                                           challenging local and global context.                           Basic headline earnings per share (cents)                            10.3      1 055.0        956.3
                                                                                                           Basic earnings per share (cents)                                     22.9      1 046.5        851.6
                                           On a 52-week basis our customers spent an additional            Dividend per share (cents)                                           10.3        600.0        544.0
                                           R19.6 billion with us this year. This growth equates to
                                           R6.2 billion in South African market share gains for the        Profit for the year including discontinued operations (Rm)           18.1        5 740         4 859
                                                                                                              Attributable to owners of the parent (Rm)                                     5 711         4 841
                                           period. My heartfelt thanks to our millions of customers
                                                                                                              Attributable to non-controlling interest (Rm)                                    29            18
                                           for their continued support and to Team Shoprite, our
                                                                                                           Basic headline earnings per share including discontinued
                                           people, for their world class execution and continued           operations (cents)                                                     8.1     1 056.3         977.1
                                           dedication to our business.                                     Basic earnings per share including discontinued
                                                                                                           operations (cents)                                                   19.5      1 048.3         877.5
                                           Our core South African supermarket segment
                                           (80.0% of Group sales) increased sales by 10.1%
                                           (12.6% on a 52-week base). Shoprite and Usave                   Declaration of ordinary dividend
                                           which make up 52.8% of this segment increased sales             The Board has declared a final dividend of 367 cents (2021: 353 cents) per ordinary share,
                                           by 7.2%. Despite having two large format Checkers               payable to shareholders on Monday, 3 October 2022. The dividend has been declared out of
                                           Hypers still closed due to the July 2021 social unrest,         income reserves. This brings the total dividend for the year to 600 cents (2021: 544 cents) per
                                           our Checkers and Checkers Hyper supermarket                     ordinary share. The last day to trade cum dividend will be Tuesday, 27 September 2022.
                                           business, which makes up 39.8% of our core RSA                  As from Wednesday, 28 September 2022, all trading of Shoprite Holdings Ltd shares will take
                                           segment increased sales by 9.1%. Our Shoprite and               place ex dividend. The record date is Friday, 30 September 2022. Share certificates may not
                                           Checkers LiquorShop business, 7.2% of the segment’s             be dematerialised or rematerialised between Wednesday, 28 September 2022, and Friday,
                                           sales, increased sales by 44.5%. This is due to strong          30 September 2022, both days inclusive.
                                           underlying growth and the fact that the business was
                                                                                                           In terms of the Dividends Tax, the following additional information is disclosed:
                                           closed for less days this year than last year, due to
                                                                                                           1. The local dividend tax rate is 20%.
                                           Covid-19 regulations.                                           2.	The net local dividend amount is 367 cents per share for shareholders exempt from paying
                                           In terms of price and value execution our Shoprite                  Dividends Tax and 293.6 cents per share for shareholders liable to pay Dividends Tax.
                                           and Checkers Xtra Savings Rewards Programme                     3.	The issued ordinary share capital of Shoprite Holdings Ltd as at the date of this declaration is
                                                                                                               591 338 502 ordinary shares.
                                           saved our 24.7 million loyal members a tremendous
                                                                                                           4. Shoprite Holdings Ltd’s tax reference number is 9775/112/71/8.
                                           R9.4 billion this year.

                                           In terms of accessibility for our customers our                 About this announcement
                                           community based Usave business increased sales                  This short-form announcement is the responsibility of the Directors of Shoprite Holdings Ltd. It is
                                           by 11.4% and our on-demand one-hour delivery app                only a summary of the information in the condensed consolidated financial statements and does
                                           Checkers Sixty60 continued to innovate and grow its             not contain full or complete details. The condensed consolidated financial statements for the year
                                           sales despite its incredible growth trajectory over the         ended 3 July 2022 have been reviewed by Shoprite Holdings Ltd’s external auditors who have
                                           past few years.                                                 reached an unmodified review conclusion. Any investment decisions by investors and/or
                                                                                                           shareholders should be based on consideration of the condensed consolidated financial statements
                                           Our 2022 full year dividend increased by 10.3% this             published on the Stock Exchange News Service (SENS) and www.shopriteholdings.co.za as a whole.
                                           year. In recognition of the contribution made by our                The condensed consolidated financial statements have been released on the JSE
                                           people we established the Shoprite Employee Trust               (https://senspdf.jse.co.za/documents/2022/jse/isse/SHP/ye2022.pdf) and are also available for
                                           during the year. Added to this we’ve continued with             viewing at https://www.shopriteholdings.co.za/content/dam/SENS/YE2022-Sep2022.pdf. Copies of
                                                                                                           the condensed consolidated financial statements may be requested from the Company Secretary
                                           our share buy-back programme and advanced our
                                                                                                           (cosec@shoprite.co.za, tel +27 (0)21 980 4284) at PO Box 215, Brackenfell, 7561, South Africa.
                                           proposed acquisition of Cambridge Food, Massfresh
                                           and Masscash Cash and Carry to the Competition                  By order of the Board
                                           Tribunal approval stage. We have much to do in terms
                                           of executing our strategy to grow the business in the           WE Lucas-Bull                             PC Engelbrecht
                                           years ahead, this is just one of our initiatives and we
freshidentity // 6383 Shoprite/E_BReport




                                                                                                           Chairman                                  Chief Executive Officer
                                           look forward to reporting on our progress on this and
                                           our other plans during 2023.                                    Cape Town
                                                                                                           6 September 2022



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