Spar Group Limited · JSE:SPP
Spar — Investor Day (2025)
15 slides from Spar's investor day presentation, Nov 14, 2025
Slide 1: Financial Overview
My SPAR, Our Tomorrow Financial Overview Reeza Isaacs - Group CFO
Slide 2: Agenda
Agenda Capital Markets Day Capital Strategic Recent Balance sheet allocation priorities results optimisation framework SPAR Group CMD 2025 2 2
Slide 3: Strategic Priorities
My SPAR, Our Tomorrow Strategic Priorities 3
Slide 4: SPAR strategic priorities
SPAR strategic priorities A core focus area for SPAR over the short to medium term has been de-gearing and balance sheet optimisation: 1 2 3 4 5 SPAR Poland Debt Europe SAP system South African exit restructure strategic rollout next DC profitability decisions Completion date: Target date: Target da
Slide 5: Recent results reflection
My SPAR, Our Tomorrow Recent results reflection 5
Slide 6: Reflecting on FY24 results
Reflecting on FY24 results Solid year of recovery with progress on key metrics Southern Ireland Switzerland FY 2024 Continuing Operations Africa Southern Africa ZAR’m EUR’m CHF’m Turnover Turnover 95 997.1 2 019.7 745.2 • SPAR & TOPS combined growth of 3.6% EBITDA (pre-IFRS 16) 1 798.7 75.2 22.3 • L
Slide 7: January 2025 trading update
January 2025 trading update Disappointing topline performance, but margin improvement continues Turnover growth (local currencies) Southern Ireland Switzerland Despite lower sales due to constrained consumer spending in all our regions, the Africa Group demonstrated resilience and has seen continued
Slide 8: Balance sheet optimisation
My SPAR, Our Tomorrow Balance sheet optimisation 8
Slide 9: Balance sheet optimisation
Balance sheet optimisation Balance sheet is a priority, with debt reduction plans and a targeted gearing of 1.5 to 2.0x for SA Southern Ireland Switzerland Key FY 2024 metrics Key achievements since September 2024 year-end Africa R’m EUR’m CHF’m Cash Generated from Ops 1 714.9 101.9 57.8 Net working
Slide 10: Capital Allocation Framework
My SPAR, Our Tomorrow Capital Allocation Framework 10
Slide 11: Capital allocation principles & targets
Capital allocation principles & targets Our principles support our growth ambitions, whilst also seeking to satisfy our targeted gearing structure and shareholder growth aspirations CAPITAL ALLOCATION IS DRIVEN TOP-DOWN AND TIGHTLY ALIGNED TO GROUP STRATEGIC PRIORITIES Real mid- Positive RoCE > sing
Slide 12: SPAR capital allocation flow
SPAR capital allocation flow Allocation of capital guided by considered measurable criteria, through the cycle performance whilst optimising sources of funding and maximising shareholder returns Net operational cash flow Maintenance capex plus Priority projects that are Balance sheet integrity imper
Slide 13: Outlook
My SPAR, Our Tomorrow Outlook 13
Slide 14: In conclusion
In conclusion Current environment and our response Outlook Response • Volatile global backdrop with Trump • Strong focus on our balance sheet administration taking anti-SA stance • Addressing operational issues to better • Despite this, we have a reasonably stable support our retailers outlook given
Slide 15: Q&A
My SPAR, Our Tomorrow Q&A 15