Investor

conference
2019
RIAAN HANEKOM
CFO
FY18 Highlights

Statutory

Revenue Operating profit Operating margin HEPS

10.9% 1.9% 90bps 36.7%
to to to to
R64.2bn R5.9bn 9.2% 84.5cps

Comparable

Revenue Operating profit Operating margin HEPS

10.9% 10.7% maintained 4.2%
to to at to
R64.2bn R6.4bn 10.0% 99.3cps
COMPARABLE: FY18: Add back of R511m one-off costs / FY17: Use WANOS of 3 450m

2
FY18 Highlights (continued)

EBITDA Growth Return on net Cash Refinanced

Refinanced 3
assets
4.2% generated
R18bn
to
R7.1bn 23.4% R5.3bn and guarantees
To R7.1bn 27.5% excl. one-off costs released

Maiden dividend
Retail space
Consumer declared of
3.6% Finance 27.8c
Growth @ 3 times cover

3
Q1FY19 Trading Update

Group revenue
6.1%
to Sales
R19.5bn 6.1% Sales Sales
Revenue
Like-for-like 0.6% 2.3%
3.4% Like-for-like Like-for-like 31.3%
Retail space 2.7% 3.5%
4.0%

4
Q1FY19 Trading Update (continued)

Sales CFH sales Inflation

1.6%
6.8% 8.6%
Like-for-like CFH Like-for-like
2.7% 4.6%

Constant
currency
Sales Sales
Sales
4.8% 18.7%
6.1% Like-for-like
Like-for-like
13.3%
3.4%
Retail space
Sales
4.0% 7.3%
Like-for-like
3.0%
5
FY19 Outlook

Revenue Operating profit

margins to be
Net finance cost
to be
Effective tax rate
expected to
growth maintained maintained reduce
at at to
Challenging retail
environment FY18 c.9% c.34%
Defensive market
comparable
position levels
Providing value to
customers

Return of inflation

Retail space growth

of 4%

6
FY19 Outlook (continued)

Cash conversion Net debt-to-EBITDA Capex to Depreciation to

to to be normalise remain
improve back maintained to historic levels of at historic levels of
to at
2.6% of 1.7% of
80% 1.6 times revenue
revenue
Total Expenditure
R 1.8bil

Cash generated by operations /

EBITDA