Analyst Presentation August 2015 Analyst Presentation

53 Pages·2015·3.29 MB·English

Marius Bosman
Chief Financial Officer
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Size of Operation
June 2 015
Turnover R113.7bn
Total Stores 2 111
Countries 15
Employees 132 942
Market Capitalisation* ± R92bn
* During August 2015
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Financial Highlights
Turnover R113.7bn
Trading Profit R6.3bn
5.57%
Trading Margin
769.1c
Diluted Headline EPS
Dividend per Share 386c
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Store Portfolios
Opened Closed
June 2014 June 2015
(12 months) (12 months)
Supermarkets RSA 877 49 (11) 915
Supermarkets Non-RSA 169 23 (3) 189
Hungry Lion 167 20 (11) 176
Furniture 368 105 (2) 471
OK Franchise 367 28 (35) 360
Total Stores 1 948 225 (62) 2 111
Pharmacies 150 7 (1) 156
Liquor Stores 241 52 – 293
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Sales Growth per Segment
Growth %

Supermarkets RSA 10.5%
Supermarkets Non-RSA 13.5%
Furniture 13.0%
Other Divisions 13.8%
Total 11.2%
Like-for-Like 4.3%
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Highlights of Results
Other Operating Income
June 2014 June 2015 Growth
Rm R m %
Finance Income Earned 260 296 13.9
Net Premiums Earned 370 409 10.3
Operating Lease Income 300 335 11.9
Commissions Received 635 695 9.4
Franchise Fees Received 51 58 12.2
Investment Income 36 99 >100
Sundry Income 1 188 1 536 29.4
Total 2 840 3 428 20.7
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Highlights of Results
Depreciation and amortisation increased by 13.6%
• New branches and IT
• Exchange rate weakness driving store opening costs
Operating leases increased by 15.2%
• Renewals and new stores opened at higher rentals
Employee benefits increased by 10.2%
• Staff requirements for new stores
• Like-for-like increase only 5%
Other operating expenses increased by 12.7%
• Electricity costs increased
• Includes increased commission on bank cards
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Key Information per Segment
Trading Profit
June 2014 June 2015 Growth
Rm R m %
Supermarkets RSA 4 751 5 268 10.9
Supermarkets Non-RSA 673 741 10.1
Furniture 196 205 4.6
Other Divisions 94 114 21.3
Total 5 714 6 328 10.7
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Highlights of Results
Exchange rate differences
• June 2014: R9.4 million loss
• June 2015: R131.6 million loss

Angolan and Nigerian currencies affected

by falling oil price

Rand to US Dollar exchange rates (R:$)
• June 2013: R9.96
• June 2014: R10.62
• June 2015: R12.13

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