Spar Group Limited · JSE:SPP
Spar — The SPAR Group — FY2013 Earnings Presentation
21 slides from Spar's earnings presentation, October 2013
Slide 1: SPAR Group Results 2013
The SPAR Group Limited SPAR Group Results 2013
Slide 2: Agenda
AGENDA • 50th anniversary • Financial overview • Retail performance • Distribution • Looking forward – trading environment – strategic priorities • Questions The SPAR Group Limited Unaudited interim results 2013 | page 2
Slide 3: Spar Facts and Figures
Spar Facts and Figures • Spar International: 12 330 stores in 36 countries - €32bn p.a. turnover – South Africa is the second biggest contributor • Balanced portfolio: 1 817 stores across seven brands doing R72.6bn retail turnover – Groceries and fresh product, liquor, pharmaceuticals and building m
Slide 4: Financial Highlights
Financial Highlights R million 2013 2012 % Change Turnover 47 387 43 166 9.8 PBT 1 663 1 519 9.5 PAT 1 191 1 059 12.4 HEPS (c) 696.6 616.3 13.0 Dividend (c) 485 430 12.8 ROE % 39.6 39.8
Slide 5: Financial Highlights
Financial Highlights Comparative trading 1st Half 2nd Half % % Rm Change Rm Change Turnover 23 795 9.6 23 592 10.0 PBT 821 5.2 841 14.0 PAT 589 12.5 601 12.4
Slide 6: Financial Overview
Financial Overview Turnover (Rm) 2013 2012 % Change SPAR/TOPS 42 324 38 540 9.8 Build it 5 063 4 626 9.5 TOTAL 47 387 43 166 9.8 Liquor sales (TOPS/SPAR) 3 576 3 081 16.1
Slide 7: Financial Overview
Financial Overview Gross margins Turnover Rm 2013 2012 Normal business 46 355 7.7 7.7 Retail division 836 15.3 15.6 Imports – Build it 196 20.5 18.6 Group 47 387 8.1 8.0
Slide 8: Financial Overview
Financial Overview Expenses 2013 2012 % Increase Total operating expenses 2 566 2 316 10.8 Including: • Employment costs 1 223 1 127 8.5 • Delivery costs 363 317 14.7 • IT costs 148 133 11.4 • Marketing / support costs 112 81 38.3 • Retail stores 159 151 5.3 • Bad debts 36 48 (25.0)
Slide 9: Cash Flow
Cash Flow Rm Cash flow from trading 1 849 Working capital changes (1 033) 816 Interest 9 Capex (299) Retail stores – acquisitions (24) – disposals 17 Tax (486) Dividends (782) Loans/shares (91) Net cash inflow (840)
Slide 10: Retail Performance
Retail Performance Retail Turnover Total % LFL % SPAR 9.1 7.5 TOPS 15.9 10.2 Build it 12.0 9.0
Slide 11: 5 Star SUPERSPAR
5 Star SUPERSPAR
Slide 12: Thohoyandou SPAR
Thohoyandou SPAR F 4. hy SS APSO a
Slide 13: Waterfall SUPERSPAR
Waterfall SUPERSPAR
Slide 14: Bridge City SUPERSPAR
Bridge City SUPERSPAR
Slide 15: Retail Stores
Retail Stores Net 2013 2012 Change SPAR 873 868 5 TOPS 582 538 44 BUILD IT 298 281 17 SAVEMOR 28 17 11 PHARMACY 36 21 15 TOTAL 1 817 1 725 92
Slide 16: Distribution
Distribution South Rand North Rand Lowveld Western Cape Eastern Cape KZN Perishables KZN Dry Imports warehouse
Slide 17: Looking forward…
Looking forward… • Trading environment • Strategic priorities
Slide 18: Trading Environment
Trading Environment • Business confidence • Consumer spend • Sector inflation • Competition 18
Slide 19: Strategic Priorities
Strategic Priorities • Deliver excellence in Fresh • Drive supply chain optimisation • Create competitive price perception • Drive expert retail leadership and support • Own centre of community leadership • Refine our future financial model • Realise new business opportunities
Slide 20: New Business
New Business New Stores Projected 2013 2014 SPAR 873 23 TOPS 582 35 Build it 298 24 Savemor 28 14 Pharmacy 36 14 Total 1 817 110
Slide 21: Questions
QUESTIONS