Shoprite Holdings Limited · JSE:SHP

Shoprite — FY2009 Earnings Presentation

19 slides from Shoprite's earnings presentation, August 2009

  1. Slide 1: Results Presentation for the year ending 30 June 2009

    Results Presenta,on For the year ending 30 June 2009 1

  2. Slide 2: Financial Highlights

    Financial Highlights Carel Goosen Deputy Managing Director 2

  3. Slide 3: Size of Operation

    Size of Opera,on Turnover R59 bn Owned Outlets 1,079 Franchise Outlets 270 Countries 17 Employees 84,000 Market CapitalisaLon R31 bn* *During August 2009 3

  4. Slide 4: Financial Results

    Financial Results Turnover R 59,3bn Trading Profit R 2,9bn Trading Margin 4.96% Diluted Headline EPS 390.8c Dividend per share 200.0c 4

  5. Slide 5: Key Information

    Key Information ° Turnover — Total + 24.5% — RSA Supermarkets + 22.8% — Non-RSA Supermarkets + 39.9% — Furniture + 13.9% - Franchise + 26.5% ° Trading Profit — Total + 28.1% — RSA Supermarkets + 26.7% — Non-RSA Supermarkets > 50.0% — Furniture + 1.5% — Franchise + 44.5% J SHOPRITE(3 HOLDINGS LTD

  6. Slide 6: Key Information

    Key Informa,on • Diluted Headline EPS + 30.9% to 390.8c • Dividends per share + 29.0% to 200.0c 6

  7. Slide 7: Value Added Statement (R'm)

    Value Added Statement (R’m) 7

  8. Slide 8: Store Portfolios

    Store PorEolios July Opened Closed June 2009 2008 Supermarkets 636 67 (8) 695 Hungry Lion 112 12 (4) 120 Furniture 236 30 (2) 264 Owned Stores 984 109 (14) 1,079 Franchise 256 38 (24) 270 Total Stores 1,240 147 (38) 1,349 Pharmacies 53 28 ‐ 81 Liquor Stores 32 16 ‐ 48 Countries 17 ‐ ‐ 17 8

  9. Slide 9: Highlights of Results: Gross margin

    Highlights of Results Gross margin decreased from 19.9% to 19.3% © Cut margins on basic foods ° Alleviate impact of high food inflation on consumers © Resulting in high sales volumes SHOPRITE(} _ HOLDINGS LTD

  10. Slide 10: Highlights of Results: Other operating income

    Highlights of Results Other opera,ng income June 2008 June 2009 Growth increased by 26.6% R’m R’m % Finance income earned 171 198 15.8 Net premiums earned 201 215 7.0 OperaLng lease income 197 201 2.0 Commissions received 210 278 32.4 Franchise fees received 29 37 27.6 Investment income 28 29 3.6 Su

  11. Slide 11: Highlights of Results: Operating expenses

    Highlights of Results Deprecia,on and amor,sa,on increased 26.3% • Increased spend on replacements, revamps and new branches • Increased informaLon technology infrastructure Opera,ng lease increased 16.7% • Due to a net number of 95 corporate stores opened in financial year • Turnover rentals on high

  12. Slide 12: Trading profit increased 28.1%

    Highlights of Results Trading profit increased 28.1% with turnover increasing by 24.5% ° Cut in gross margins resulted in higher sales growth ° Higher turnover growth than expense growth ° Growth in service departments ° Increased contribution from non-RSA operations ° Trading margin highest ever: 4

  13. Slide 13: Exchange rate gains decreased

    Highlights of Results Exchange rate gains decreased ¢ June 2008: R33 million June 2009: R 3million Rand to US Dollar exchange rates (R:$) @ June 2007: R 7.10 ° June 2008: R 7.96 ° June 2009: R 8.02 SHOPRITE HOLDINGS LTD

  14. Slide 14: Highlights of Results

    Highlights of Results 2008 2009 R’m R’m 14

  15. Slide 15: Capital Expenditure

    Highlights of Results 2008 2009 Capital Expenditure R’m R’m Land and Buildings 401 347 Store Refurbishment 458 606 New Stores 220 334 InformaLon Technology 213 242 Other Replacements* 149 290 Total 1,441 1,819 *DistribuLon Centres, Motor Vehicles, Generators & Office Furniture 15

  16. Slide 16: Highlights of Results

    Highlights of Results 2008 2009 Growth R’m R’m % 16

  17. Slide 17: Stockholding

    Stockholding 2008 2009 Growth R’m R’m % 51.5% 16.8% 11.7% 17.0% 3.1% 17

  18. Slide 18: Debtors

    Highlights of Results 2008 2009 Growth Debtors R’m R’m % Furniture (net) 608 722 18.8 Franchise 375 447 19.2 Buy aid organisaLons 114 100 (12.3) Rental and property related debtors 200 150 (25.0) Insurance receivables 108 41 (62.0) Money Market and CompuLcket 41 55 34.1 Other receivables 244 224 (8.

  19. Slide 19: HEPS vs. Cash EPS vs. EBITDA per share

    HEPS Highlights of Results Cash EPS EBITDA per share HEPS vs. Cash EPS* vs. EBITDA per share (cents) 732 580 547 478 438 401 330 310 202 2007 2008 2009 *Cash flow from operaLng acLviLes excluding dividends paid and changes in working capital 19

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