Cashbuild Limited (JSE:CSB) News - Fourth quarter operational update - FY 2022

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

FOURTH QUARTER OPERATIONAL UPDATE– FY 2022

Cashbuild herewith provides its voluntary quarterly operational update.

Revenue for the fourth quarter of the 2022 financial year (“fourth quarter”) for the Cashbuild Group was down
13% when compared to the fourth quarter of the prior financial year (“the comparative period” or “Q4
FY2021”). For the 304 existing stores (in existence prior to July 2020), revenue decreased by 14% and the 14
new stores contributed 1% growth. This, combined with the results reported in the previous quarters, equates to
a decrease in revenue of 12% for the financial year ended 30 June 2022 (“the financial year”).

Shareholders are reminded of the SENS announcement released on 14 July 2021 relating to violence and
looting in South Africa, that affected 36 of the Group’s stores during the current financial year. Excluding the
effect of the 36 looted stores, revenue for the fourth quarter for the Group was down 11% on the comparative
period. This, combined with the results reported excluding looted stores in the previous quarters, equates to a
decrease in revenue for the financial year of 7%.

Transactions through the tills during the fourth quarter for the Cashbuild Group decreased by 16% to that of
the comparative period, with existing stores decreasing by 17% and new stores contributing 1% growth.

Selling inflation was 7.2% at the end of June 2022 when compared to June 2021.

A revenue performance on a statutory basis per operating segment is reflected in the following table:

Revenue performance 4th Quarter FY2022 versus 4th Quarter FY2021

Operating Segment                              Percentage     Total        New     Existing
                                                 of Total    Growth     Growth       Growth
                                                    Sales         %          %            %
Cashbuild South Africa            Half Year            80       (12)         2          (14)
                                  Q3                   81        (9)         2          (11)
                                  Q4                   81       (13)         1          (14)
                                  Full Year            81       (12)         2          (14)

Cashbuild Common Monetary Areas   Half Year             7         4          6           (2)
                                  Q3                    6        (1)         4           (5)
                                  Q4                    6       (11)         3          (14)
                                  Full Year             6        (1)         5           (6)

Cashbuild Other *                 Half Year             5        (4)         -           (4)
                                  Q3                    5       (19)         -          (19)
                                  Q4                    5       (12)         -          (12)
                                  Full Year             5       (10)         -          (10)

P&L Hardware South Africa         Half Year             8       (24)         1          (25)
                                  Q3                    8       (14)         -          (14)
                                  Q4                    8       (16)         -          (16)
                                  Full Year             8       (20)         1          (21)

Total Group                       Half Year           100       (12)         2          (14)
                                  Q3                  100       (10)         1          (11)
                                  Q4                  100       (13)         1          (14)
                                  Full Year           100       (12)         1          (13)
*Botswana, Malawi and Zambia

During the fourth quarter the Group opened 2 new Cashbuild stores, closed 1 non-profitable Cashbuild store
and refurbished 16 Cashbuild stores, bringing the total number of stores trading at the end of the financial year
to 318.

A store breakdown by operating segment is reflected in the following table:

Number of stores – end of quarter four      Percentage        Total          New    Existing
                                              of total
Cashbuild South Africa                              73          232           11         221
Cashbuild Common Monetary Areas                      6           18            2          16
Cashbuild Other *                                    4           13            -          13
Cashbuild DIY Pilot stores                           -            1            -           1
P&L Hardware South Africa                           17           54            1          53
Total Group                                        100          318           14         304

*Botswana, Malawi and Zambia

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

25 July 2022

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 25-07-2022 01:00:00
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