Page 206 - SHB 2020 Issue 1

JSE – PIC Profile’s Stock Exchange Handbook: 2020 – Issue 1
POSTAL ADDRESS: PO Box 23087, Claremont, Cape Town, 7735
Pick n Pay Stores Ltd. EMAIL: demuller@pnp.co.za
WEBSITE: www.picknpayinvestor.co.za
PIC
TELE PHONE: 021-658-1000 FAX: 021-797-0314
COMPANY SECRETARY: Debra Muller
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSOR: Investec Bank Ltd.
AUDITORS: Ernst & Young Inc.
BANKERS: Absa Bank Ltd., First National Bank of SA Ltd.
SEGMENTAL REPORTING as at 3 Mar 19 (as a % of Liabilities)
ISIN: ZAE000005443 SHORT: PICKNPAY CODE: PIK South Africa 96.52%
REG NO: 1968/008034/06 FOUNDED: 1967 LISTED: 1968 Rest of Africa 3.48%
NATURE OF BUSINESS: CALENDAR Expected Status
The Pick n Pay Group is one of Africa’s largest and most con sis - Next Final Results Apr 2020 Un con firmed
tently suc cess ful retailers, with 1 800 stores (1 056 corporate Annual General Meeting Jul 2020 Un con firmed
and 744 franchise). In addition, it has 58 supermarkets in Next Interim Results Oct 2020 Un con firmed
Zimbabwe through its investment in TM Supermarkets.
Pick n Pay branded busi nesses include Hy per mar kets, Su per - CAPITAL STRUCTURE AUTHORISED ISSUED
mar kets, Clothing, Liquor, Express and Phar ma cies. Non-Pick PIK Ords 1.25c ea 800 000 000 493 450 321
n Pay branded busi nesses include Boxer Super stores and a 49% DISTRIBUTIONS [ZARc]
shareholding in TM Su per mar kets in Zimbabwe. Pick n Pay has Ords 1.25c ea Ldt Pay Amt
a footprint in South Africa, Namibia, Eswatini, Botswana, Interim No 103 3 Dec 19 9 Dec 19 42.80
Lesotho, Zambia and Zimbabwe. Final No 102 4 Jun 19 10 Jun 19 192.00
Interim No 101 4 Dec 18 10 Dec 18 39.10
SECTOR: Consumer Srvcs—Retail—Food&Drug—Food Final No 100 5 Jun 18 11 Jun 18 155.40
MAJOR ORDINARY SHAREHOLDERS as at 03 Mar 2019 LIQUIDITY: Nov19 Ave 7m shares p.w., R471.0m(69.8% p.a.)
Ackerman Investment Holdings (Pty) Ltd. 25.30%
Public Investment Corporation 11.40% FOOR 40 Week MA PICKNPAY
Coronation Asset Management 3.40% 8270
FINANCIAL STATISTICS
(R million) Sep 19 Mar 19 Feb 18 Feb 17 Feb 16 7498
Interim Final(rst) Final(rst) Final(rst) Final(rst)
6726
Turnover 43 209 88 293 80 524 77 486 72 445
Trading Profit 1 188 3 055 1 820 1 736 1 516
NetIntPd(Rcvd) 649 1 281 147 93 56 5955
Tax 151 464 472 461 408 5183
Att Inc 387 1 445 1 296 1 216 1 065
TotCompIncLoss 248 1 167 1 250 1 121 1 140 4411
2014 | 2015 | 2016 | 2017 | 2018 | 2019
Hline Erngs-CO 434 1 428 1 312 1 247 1 031
Fixed Ass 6 299 6 189 6 054 5 584 4 951 Recent Announcements
Inv in Assoc 50 184 366 310 286 Pick n Pay interim results 1 September 2019 - Tuesday, 22 October
Inv & Loans 99 102 79 85 96
Def Tax Asset 845 823 195 218 225 2019: Turnover for the interim period increased to R43.209
Tot Curr Ass 12 445 11 771 10 622 9 946 9 069 billion (2018: R41.244 billion), gross profit rose to R8.560
Ord SH Int 2 322 2 957 4 024 3 856 3 702 billion (2018: R7.740 billion), trading profit climbed to R1.188
LT Liab 14 256 13 765 1 665 1 497 1 332 billion (2018: R1.056 billion), profit for the period was higher at
Tot Curr Liab 16 312 15 423 13 292 12 439 11 279 R386.8 million (2018: R382.6 million), while headline earnings
PER SHARE STATISTICS (cents per share) per share grew by 17.5% to 91.28 cents per share (2018: 77.67
EPS (ZARc) 81.31 304.04 273.64 250.98 219.11 cents per share).
HEPS-C (ZARc) 91.28 300.58 276.98 258.65 224.04 Dividend
Pct chng p.a. - 39.3 8.5 7.1 15.4 26.4
Tr 5yr av grwth % - 17.1 20.3 12.7 6.6 The Board declared an interim dividend of 42.80 cents per share,
DPS (ZARc) 42.80 231.10 188.80 176.30 149.40 up 9.5% on last year, in line with the growth in com pa ra ble
Pct chng p.a. - 22.4 7.1 18.0 26.5 headline earnings per share (excluding the impact of hy per in fla -
Tr 5yr av grwth % - 20.4 17.9 9.3 4.1 tion ac count ing in respect of the Group’s 49% in vest ment in TM
NAV PS (ZARc) 636.70 770.30 966.20 922.00 869.40 Su per mar kets in Zimbabwe).
3 Yr Beta 0.62 0.93 0.94 1.22 0.62 Wednesday, 25 September 2019: Pick n Pay will hold a webcast
Price High 7 412 8 209 7 606 8 424 7 000
Price Low 5 448 6 228 5 460 5 525 4 850 briefing for share hold ers and analysts at 09:00 on 25 September
Price Prd End 5 780 6 913 7 428 6 969 5 614 2019 on the Group’s adoption of the new In ter na tional Financial
RATIOS Reporting Standard IFRS 16: Leases (IFRS 16).
Ret on SH Fnd 33.32 48.85 32.22 31.54 28.78 The briefing will provide stake holders with a summary of IFRS
Ret On Tot Ass 3.35 6.04 9.95 10.25 9.84 16 and, using the Group’s published 2019 financial state ments,
Oper Pft Mgn 2.75 3.46 2.26 2.24 2.09 will detail the im pli ca tions for the Group’s future financial state -
D:E 7.30 5.71 0.97 0.87 0.51
Int Cover 1.83 2.40 12.23 18.26 26.45 ments and key per for mance metrics. IFRS 16 is an ac count ing
Current Ratio 0.76 0.76 0.80 0.85 0.80 change. The standard has no impact on the Group’s un der ly ing
Div Cover 1.50 1.32 1.50 1.50 1.50 economic model, the fun da men tals of the Group’s per for mance,
NUMBER OF EMPLOYEES: 53 600 its revenues or cash flows.
DIRECTORS: Ackerman J G, Ackerman-Berman Wednesday, 31 July 2019: Pick n Pay announced the ap point ment of
S D, Friedland D (ind ne), Herman H S (ld Ms Lerena Olivier as the chief finance officer (CFO) and executive
ind ne), Jakoet A (ne), Mathole A (ind ne),
Mothupi A M (ind ne), Robins D (ne, German), director of the Company with effect from 6 September 2019.
van Rooyen J (ind ne), Ackerman G M Re flect ing the strategic and op er a tional im por tance of the role,
(Chair, ne), Brasher R (CEO), van this ap point ment follows an extensive search involving both
Rensburg R S J (CIO), Olivier L (CFO) internal and external can di dates.
POPULAR BRAND NAMES: Pick n Pay The board re it er ates its thanks and ap pre ci a tion to its outgoing
Clothing, Pick n Pay Express, Pick n Pay Hyper, Scan the QR code to
Pick n Pay Liquor, Pick n Pay Local, Pick n Pay visit our Investor CFO, Bakar Jakoet, who will be retiring on 6 September 2019
Online, Pick n Pay Pharmacy, Pick n Pay Spaza, Centre after 34 years of dedicated service to Pick n Pay. After he retires
Pick n Pay Supermarkets, Boxer, Boxer Build, from his executive position, Bakar will continue to con trib ute to
Boxer Liquor, Boxer Punch, Boxer Superstores, TM Supermarkets Pick n Pay by serving in a non-executive capacity on the board.
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