Shoprite Holdings Limited · JSE:SHP
Shoprite — H1 2010 Earnings Presentation
9 slides from Shoprite's earnings presentation, 2010
Slide 1: Non-RSA Overview
Non-‐RSA Overview Whitey Basson Chief Execu5ve Officer 49
Slide 2: Non-RSA Overview
Non-‐RSA Overview Dec 2008 Dec 2009 Turnover growth 54.3% -‐4.3% Sales par<cipa<on 12.7% 10.9% Number of stores 101 106 Trading profit growth >100% -‐22.2% Turnover growth at constant currencies 16.3% 50
Slide 3: Non-RSA Overview
Non-‐RSA Overview • Customer growth of 7.5% • Strengthening of currencies – reduced exports from SA by 16% 51
Slide 4: US Dollar/ZAR Exchange Rates
US Dollar/ZAR Exchange Rates 2008/2009 2009/2010 11 10 9 8 7 6 5 4 3 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June 52
Slide 5: Angola Kwanza/ZAR Exchange Rates
Angola Kwanza/ZAR Exchange Rates 2008/2009 2009/2010 13 12 11 10 9 8 7 6 5 4 3 2 1 0 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June 53
Slide 6: Zambia Kwacha/ZAR Exchange Rates
Zambia Kwacha/ZAR Exchange Rates 2008/2009 2009/2010 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June 54
Slide 7: Mozambique Metical/ZAR Exchange Rates
Mozambique Me,cal/ZAR Exchange Rates 4.5 2008/2009 4 2009/2010 3.5 3 2.5 2 1.5 1 0.5 0 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June 55
Slide 8: Non-RSA Overview
Non-‐RSA Overview The stronger rand resulted in: • Cost of exports from SA increased drama<cally • Affec<ng gross margins • Export volumes reduced by 6% whereas it increased by 36% last year 56
Slide 9: Non-RSA Overview
Non-‐RSA Overview • From June exchange rate at comparable levels • Lack of global credit s<ll inhibi<ng property development • Opening 6 stores before June ’10 • 264 suppliers now SADC compliant • Lead <mes for 13 of the 16 countries improved • Evalua<ng op<ons to exit India – legisla<on, FDI and p