Page 191 - 2021 Issue 2

Profile’s Stock Exchange Handbook: 2021 – Issue 2 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 nPayGroup is oneofAfrica's largestandmostconsis- Next Final Results May 2021 Unconfirmed
tently successful retailers, with 1 884 stores (1 135 corporate Annual General Meeting Aug 2021 Unconfirmed
and 749 franchise). In addition, it has 61 supermarkets in Next Interim Results Oct 2021 Unconfirmed
Zimbabwe through its investment in TM Supermarkets. Pick
n Pay branded businesses include Hypermarkets, Supermar- CAPITAL STRUCTURE AUTHORISED ISSUED
kets, Clothing, Liquor, Express and Pharmacies. Non-Pick n PIK Ords 1.25c ea 800 000 000 493 450 321
Pay branded businesses include Boxer Superstores and a 49% DISTRIBUTIONS [ZARc]
shareholding in TM Supermarkets in Zimbabwe. Pick n Pay Ords 1.25c ea Ldt Pay Amt
has a footprint in South Africa, Namibia, Eswatini, Botswana, Final No 104 1 Dec 20 7 Dec 20 173.06
Lesotho, Zambia and Zimbabwe. Interim No 105 1 Dec 20 7 Dec 20 18.74
3 Dec 19
Interim No 103
42.80
9 Dec 19
SECTOR: CnsStp—PcDrugs&Groceries—PcDrugs&Groceries—Food Final No 102 4 Jun 19 10 Jun 19 192.00
MAJOR ORDINARY SHAREHOLDERS as at 01 Mar 2020 LIQUIDITY: Mar21 Ave 10m shares p.w., R530.0m(105.4% p.a.)
Newshelf 1321 (Pty) Ltd. 25.30%
Government Employees Pension Fund 13.00% FOOR 40 Week MA PICKNPAY
GIC Private Ltd. 3.50%
FINANCIAL STATISTICS
8005
(R million) Aug 20 Mar 20 Mar 19 Feb 18 Feb 17
Interim Final Final(rst) Final(rst) Final(rst)
7063
Turnover 44 227 89 282 86 271 80 524 76 596
Trading Profit 886 3 148 3 055 1 820 1 736 6120
NetIntPd(Rcvd) 657 1 300 1 281 147 93
Tax 84 541 464 472 461 5178
Att Inc 159 1 195 1 445 1 296 1 216
4236
TotCompIncLoss 154 1 157 1 167 1 250 1 121 2016 | 2017 | 2018 | 2019 | 2020 |
Hline Erngs-CO 209 1 371 1 428 1 312 1 247
Fixed Ass 6 457 6 622 6 189 6 054 5 584 Recent Announcements
Inv in Assoc 62 50 184 366 310 Friday, 05 March 2021: Shareholders are advised that, on reaching
Inv & Loans 74 87 102 79 85 the Group’s normal retirement age, Richard van Rensburg will
Def Tax Asset 812 753 785 590 593 be retiring from his position as executive director of Pick n Pay
Tot Curr Ass 17 566 12 887 11 771 10 846 9 938 Stores Ltd. with effect from 31 March 2021.
Ord SH Int 3 298 3 010 3 035 2 940 2 798
LT Liab 13 917 14 192 13 649 13 193 12 288 The Group has well-planned internal succession arrangements
Tot Curr Liab 20 560 16 304 15 423 14 747 12 402 in place that will ensure successful delivery of these important
functions in the future.
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 33.23 250.90 304.04 273.64 256.67 Thursday, 14 January 2021: Pick n Pay Chairman, Gareth Ackerman,
HEPS-C (ZARc) 43.78 291.90 300.58 245.50 234.80 announced that, after successfully leading the business for eight
Pct chng p.a. - 70.0 - 2.9 22.4 4.6 41.6 years,RichardBrasherwillretireasCEOwitheffectfrom21April
Tr 5yr av grwth % - 11.9 18.0 18.4 11.4 2021. Following a comprehensive local and international search,
DPS (ZARc) 18.74 215.86 231.10 188.80 176.30 Richard will be succeeded as CEO on that date by Pieter Boone,
Pct chng p.a. - - 6.6 22.4 7.1 18.0 former Chief Operating Officer of Metro AG.
Tr 5yr av grwth % - 13.5 20.4 17.9 9.3
NAV PS (ZARc) 786.10 776.20 786.70 738.10 698.30 Pick n Pay interim results August 2020 - Tuesday, 20 October 2020:
3 Yr Beta 0.08 0.72 0.93 0.94 1.22 Turnover for the interim period increased to R44.227 billion
Price High 6 778 7 412 8 209 7 606 8 424 (2019: R43.209 billion), gross profit rose to R8.647 billion (2019:
Price Low 4 095 5 155 6 228 5 460 5 525 R8.560 billion), profit for the period fell to R158.7 million (2019:
Price Prd End 4 236 5 524 6 913 7 428 6 969 R386.8 million), while headline earnings per share lowered to
RATIOS 43.78 cents per share (2019: 91.28 cents per share).
Ret on SH Fnd 9.62 39.69 47.60 44.09 43.46 Dividends
Ret On Tot Ass 1.57 3.57 4.20 5.98 10.25 The board deferred its FY20 final dividend decision in May 2020,
Oper Pft Mgn 2.00 3.53 3.54 3.39 3.17
D:E 5.71 10.13 9.58 9.50 8.82 until the full impact of the Covid-19 pandemic on Group opera-
Int Cover 1.28 2.42 2.30 12.23 18.26 tions, earnings and net funding position could reasonably be
Current Ratio 0.85 0.79 0.76 0.74 0.80 known. The Group has effectively navigated the challenges of
Div Cover 1.77 1.16 1.50 1.50 1.50 the past six months with exceptional operational discipline and
NUMBER OF EMPLOYEES: 54 900 careful control over cash resources. The board is confident with
DIRECTORS: Ackerman J G, the stability of the Group's balance sheet, and with the Group's
Ackerman-Berman S D, Bhorat H I (ind ne),
Cassim M (ind ne), Friedland D (ind ne), like-for-like net funding position now restored to pre-Covid-19
Herman H S (ld ind ne), Jakoet A (ne), levels, it has formally declared the FY20 dividend, alongside an
Mothupi A M (ind ne), Robins D (ne, German), FY21 interim dividend based on the Group's comparable HEPS
van der Merwe A (ind ne), van Rooyen J (ind ne), performance over the period.
Ackerman G M (Chair, ne), Brasher R (CEO),
van Rensburg R S J (CIO), Olivier L (CFO) FY20 final dividend - number 104
POPULAR BRAND NAMES: Pick n Pay Clothing, Scan the QR code to The directors have declared a final gross dividend (number 104)
Pick n Pay Express, Pick n Pay Hyper, Pick n Pay visit our Investor relating to its 2020 annual financial period (ended 1 March
Liquor, Pick n Pay Local, Pick n Pay Online, Pick n Centre 2020) of 173.06 cents per share out of income reserves.
Pay Pharmacy, Pick n Pay Spaza, Pick n Pay
Supermarkets, Boxer, Boxer Build, Boxer Liquor, Boxer Punch, Boxer
Superstores, TM Supermarkets
189