Spar Group Limited · JSE:SPP

Spar — The SPAR Group — FY2013 Earnings Presentation

21 slides from Spar's earnings presentation, October 2013

  1. Slide 1: SPAR Group Results 2013

    The SPAR Group Limited SPAR Group Results 2013

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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)

  9. 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)

  10. 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

  11. Slide 11: 5 Star SUPERSPAR

    5 Star SUPERSPAR

  12. Slide 12: Thohoyandou SPAR

    Thohoyandou SPAR F 4. hy SS APSO a

  13. Slide 13: Waterfall SUPERSPAR

    Waterfall SUPERSPAR

  14. Slide 14: Bridge City SUPERSPAR

    Bridge City SUPERSPAR

  15. 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

  16. Slide 16: Distribution

    Distribution South Rand North Rand Lowveld Western Cape Eastern Cape KZN Perishables KZN Dry Imports warehouse

  17. Slide 17: Looking forward…

    Looking forward… • Trading environment • Strategic priorities

  18. Slide 18: Trading Environment

    Trading Environment • Business confidence • Consumer spend • Sector inflation • Competition 18

  19. 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

  20. 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

  21. Slide 21: Questions

    QUESTIONS

The SPAR Group — FY2013 Earnings Presentation on 6ix