Slide 1: SPAR Group Results 2012
_ SPARICY SPAR GROUP RESULTS 2012
Slide 2: Agenda
AGENDA AGENDA Financial overview Retail performance Distribution update Looking forward Questions SPAR International • Retail turnover € 30bn • Stores 12 136 • Countries 35 1
Slide 3: Size of Operation; Financial Overview
Size of Operation Retail Turnover R 66 bn Stores 1 725 Wholesale & distribution Turnover R 43.2 bn DC’s (7) 227 000m² Cases despatched 195.1m Financial Overview R million 2011 2012 % Change Turnover 38 459 43 166 12.2 PBT 1 404 1 510 8.1 PAT 953 1 059 11.2 HEPS 557.1 616.3 10.6 Dividend (cents) 377
Slide 4: Financial Overview: Turnover and Gross Margins
Financial Overview Turnover (Rm) 2011 2012 % Change SPAR/TOPS 34 556 38 540 11.5 Build it 3 903 4 626 18.5 TOTAL 38 459 43 166 12.2 Liquor sales (TOPS/SPAR) 2 605 3 081 18.3 Financial Overview Gross margins Turnover Rm 2011 2012 Normal business 42 232 7.8 7.7 Retail division 780 15.1 15.6 Imports –
Slide 5: Financial Overview: Expenses and Cash Flow
Financial Overview Expenses Expenses % Rm Increase SPAR / Tops 2 069 10.9 Retail division 150 16.3 Build it 97 37.0 Group 2 316 12.1 Cash Flow Rm Cash flow from trading 1 685 Working capital changes 622 2 307 Capex (166) Acquisition – Retail Store (9) Tax (488) Dividends (671) Loans/shares (113) Net
Slide 6: Retail Performance; Retail Stores
Retail Performance Retail Turnover (Rbn) 2011 2012 % Incr. SPAR 48.1 53.7 11.5 TOPS 4.2 5.0 21.2 Build it 6.4 7.5 17.0 58.7 66.2 12.8 Retail Stores Net 2011 2012 Change SUPERSPAR 275 295 20 SPAR 446 439 (7) KWIKSPAR 138 134 (4) 859 868 9 Sqm 000’s 925 955 3.2% Remodels 126 147 5
Slide 7: Retail Stores; Distribution
Retail Stores Net 2011 2012 Change SPAR 859 868 9 TOPS 501 538 37 Build it 269 281 12 Savemor 11 17 6 Pharmacy 6 21 15 TOTAL 1 646 1 725 79 DISTRIBUTION 6
Slide 8: South Rand and North Rand Distribution Centres
SOUTH RAND 60 000m² NORTH RAND 33 600m² 7
Slide 9: KZN Dry and KZN Perishables
KZN DRY 39 500m² KZN PERISHABLES 10 000m² 8
Slide 10: Western Cape and Eastern Cape
WESTERN CAPE 33 500m² EASTERN CAPE 24 000m² 9
Slide 11: Lowveld and Imports Warehouse
LOWVELD 18 000m² IMPORTS WAREHOUSE 10 000m² 10
Slide 12: Looking forward: Trading Environment
Looking forward… • Trading environment • Key issues Trading Environment • Business confidence • Economy - consumer spend - food inflation • Competition 11
Slide 13: Key issues: Retail Growth and New Stores
Key issues Retail • Growth - existing stores - new sites Key issues New Stores Projected 2012 2013 SUPERSPAR 295 10 SPAR 439 13 KWIKSPAR 134 3 868 26 Sqm 955 3.2% TOPS 538 33 Build it 281 22 Savemor 17 12 Pharmacy 21 12 Total 1 725 105 12
Slide 14: Key issues: Mozambique
Key issues Retail • Growth - existing stores - new sites - Africa Mozambique 27 13
Slide 15: Premier SUPERSPAR
Premie SUPERSPARID)
Slide 16: Key issues: Retail
Key issues Retail • Growth - existing stores - new sites - Africa • Marketing Key issues Retail • Growth - existing stores - new sites - Africa • Marketing • Retail profitability 31 15
Slide 17: Key issues: Retail and Wholesale
Key issues Retail • Growth - existing stores - new sites - Africa • Marketing • Retail profitability • Retail division Key issues Wholesale • Warehouse facilities • Supply chain optimisation • Lean organisation • DC systems modernisation 16
Slide 18: Questions
QUESTIONS | SPAR 17