Page 193 - Profile's Stock Exchange Handbook - 2021 issue 1

Profile’s Stock Exchange Handbook: 2021 – Issue 1 JSE – PIC
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
TELEPHONE: 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 1 Mar 20 (asa%of Liabilities)
ISIN: ZAE000005443 SHORT: PICKNPAY CODE: PIK South Africa 97.19%
REG NO: 1968/008034/06 FOUNDED: 1967 LISTED: 1968 Rest of Africa 2.81%
NATURE OF BUSINESS: CALENDAR Expected Status
The Pick n Pay Group is one of Africa’s largest and most Next Final Results May 2021 Unconfirmed
consistently successful retailers, with 1 884 stores (1 135 Annual General Meeting Aug 2021 Unconfirmed
corporate and 749 franchise). In addition, it has 61 Next Interim Results Oct 2021 Unconfirmed
supermarkets in Zimbabwe through its investment in TM CAPITAL STRUCTURE AUTHORISED ISSUED
Supermarkets. Pick n Pay branded businesses include PIK Ords 1.25c ea 800 000 000 493 450 321
Hypermarkets, Supermarkets, Clothing, Liquor, Express and DISTRIBUTIONS [ZARc]
Pharmacies. Non-Pick n Pay branded businesses include Boxer Ords 1.25c ea Ldt Pay Amt
Superstores and a 49% shareholding in TM Supermarkets in Final No 104 1 Dec 20 7 Dec 20 173.06
Zimbabwe. Pick n Pay has a footprint in South Africa, Namibia, Interim No 105 1 Dec 20 7 Dec 20 18.74
Eswatini, Botswana, Lesotho, Zambia and Zimbabwe. Interim No 103 3 Dec 19 9 Dec 19 42.80
Final No 102 4 Jun 19 10 Jun 19 192.00
SECTOR: Consumer Srvcs—Retail—Food&Drug—Food LIQUIDITY: Nov20 Ave 10m shares p.w., R554.2m(106.1% p.a.)
MAJOR ORDINARY SHAREHOLDERS as at 01 Mar 2020
Newshelf 1321 (Pty) Ltd. 25.30% FOOR 40 Week MA PICKNPAY
Government Employees Pension Fund 13.00%
GIC Private Ltd. 3.50% 8270
FINANCIAL STATISTICS 7463
(R million) Aug 20 Mar 20 Mar 19 Feb 18 Feb 17
Interim Final Final(rst)* Final(rst) Final(rst) 6656
Turnover 44 227 89 282 88 293 80 524 76 596
5850
Trading Profit 886 3 148 3 055 1 820 1 736
NetIntPd(Rcvd) 657 1 300 1 281 147 93
Tax 84 541 464 472 461 5043
Att Inc 159 1 195 1 445 1 296 1 216 4236
2015 | 2016 | 2017 | 2018 | 2019 | 2020
TotCompIncLoss 154 1 157 1 167 1 250 1 121
Hline Erngs-CO 209 1 371 1 428 1 312 1 247 Recent Announcements
Fixed Ass 6 457 6 622 6 189 6 054 5 584
Inv in Assoc 62 50 184 366 310 Pick n Pay interim results August 2020 - Tuesday, 20 October 2020:
Inv & Loans 74 87 102 79 85 Turnover for the interim period increased to R44.227 billion
Def Tax Asset 812 753 785 590 593 (2019: R43.200 billion), gross profit rose to R8.647 billion (2019:
Tot Curr Ass 17 566 12 887 11 771 10 846 9 938 R8.560 billion), profit for the period fell to R158.7 million (2019:
Ord SH Int 3 298 3 010 3 035 2 940 2 798 R386.8 million), while headline earnings per share lowered to
LT Liab 13 917 14 192 13 649 13 193 12 288 43.78 cents per share (2019: 91.28 cents per share).
Tot Curr Liab 20 560 16 304 15 423 14 747 12 402
Dividends
PER SHARE STATISTICS (cents per share) The board deferred its FY20 final dividend decision in May 2020,
EPS (ZARc) 33.23 250.90 304.04 273.64 256.67
HEPS-C (ZARc) 43.78 291.90 300.58 245.50 234.80 until the full impact of the Covid-19 pandemic on Group opera-
Pct chng p.a. - 70.0 - 2.9 22.4 4.6 41.6 tions, earnings and net funding position could reasonably be
Tr 5yr av grwth % - 11.9 18.0 18.4 11.4 known. The Group has effectively navigated the challenges of
DPS (ZARc) 18.74 215.86 231.10 188.80 176.30 the past six months with exceptional operational discipline and
Pct chng p.a. - - 6.6 22.4 7.1 18.0 careful control over cash resources. The board is confident with
Tr 5yr av grwth % - 13.5 20.4 17.9 9.3 the stability of the Group’s balance sheet, and with the Group’s
NAV PS (ZARc) 786.10 776.20 786.70 738.10 698.30
3 Yr Beta 0.08 0.72 0.93 0.94 1.22 like-for-like net funding position now restored to pre-Covid-19
Price High 6 778 7 412 8 209 7 606 8 424 levels, it has formally declared the FY20 dividend, alongside an
Price Low 4 095 5 155 6 228 5 460 5 525 FY21 interim dividend based on the Group’s comparable HEPS
Price Prd End 4 236 5 524 6 913 7 428 6 969 performance over the period.
RATIOS FY20 final dividend - number 104
Ret on SH Fnd 9.62 39.69 47.60 44.09 43.46 The directors have declared a final gross dividend (number 104)
Ret On Tot Ass 1.57 3.57 4.20 5.98 10.25 relating to its 2020 annual financial period (ended 1 March
Oper Pft Mgn 2.00 3.53 3.46 3.39 3.17
D:E 5.71 10.13 9.58 9.50 8.82 2020) of 173.06 cents per share out of income reserves.
Int Cover 1.28 2.42 2.30 12.23 18.26 FY21 interim dividend - number 105
Current Ratio 0.85 0.79 0.76 0.74 0.80 The directors have declared an interim gross dividend (number
Div Cover 1.77 1.16 1.50 1.50 1.50 105) relating to its 2021 interim financial period (ended 30
* 53weeks to 3 March 2020 August2020)of18.74centspershareoutofincomereserves.
NUMBER OF EMPLOYEES: 54 900 Group prospects
DIRECTORS: Ackerman J G,
Ackerman-Berman S D, Bhorat H I (ind ne), The Group has delivered a resilient performance over a trading
Cassim M (ind ne), Friedland D (ind ne), perioddominatedbyCovid-19anditsassociatedchallenges.We
Herman H S (ld ind ne), Jakoet A (ne), extend our sincere thanks toour Pick n Pay and Boxer teams, par-
Mothupi A M (ind ne), Robins D (ne, German), ticularly those on the front line, who have responded to the
van der Merwe A (ind ne), van Rooyen J (ind ne),
Ackerman G M (Chair, ne), Brasher R (CEO), crisis with such skill and determination. As well as keeping our
van Rensburg R S J (CIO), Olivier L (CFO) stores open, safe and full, our teams have also worked alongside
POPULAR BRAND NAMES: Pick n Pay Clothing, Scan the QR code to customers and charity partners to raise over R80 million in
Pick n Pay Express, Pick n Pay Hyper, Pick n Pay visit our Investor hunger relief efforts, providing 20 million meals to impover-
Liquor, Pick n Pay Local, Pick n Pay Online, Pick n Centre
Pay Pharmacy, Pick n Pay Spaza, Pick n Pay ished families across South Africa.
Supermarkets, Boxer, Boxer Build, Boxer Liquor, Boxer Punch, Boxer
Superstores, TM Supermarkets
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