Page 183 - Profile's Stock Exchange Handbook - 2021 Issue 3

Profile’s Stock Exchange Handbook: 2021 – Issue 3 JSE – PIC
EMAIL: demuller@pnp.co.za
Pick n Pay Stores Ltd. 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)
South Africa 97.19%
ISIN: ZAE000005443 SHORT: PICKNPAY CODE: PIK Rest of Africa 2.81%
REG NO: 1968/008034/06 FOUNDED: 1967 LISTED: 1968
CALENDAR Expected Status
NATURE OF BUSINESS: Annual General Meeting Aug 2021 Unconfirmed
The Pick nPayGroup is oneofAfrica's largestandmostconsis- Next Interim Results Oct 2021 Unconfirmed
tently successful retailers, with 1 994 stores (1 172 corporate Next Final Results Apr 2022 Unconfirmed
and 761 franchise). In addition, it has 61 supermarkets in
Zimbabwe through its investment in TM Supermarkets. Pick CAPITAL STRUCTURE AUTHORISED ISSUED
n Pay branded businesses include Hypermarkets, Supermar- PIK Ords 1.25c ea 800 000 000 493 450 321
kets, Clothing, Liquor, Express and Pharmacies. Non-Pick n DISTRIBUTIONS [ZARc]
Pay branded businesses include Boxer Superstores and a 49% Ords 1.25c ea Ldt Pay Amt
shareholding in TM Supermarkets in Zimbabwe. Pick n Pay Final No 106 1 Jun 21 7 Jun 21 161.00
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
Interim No 103 3 Dec 19 9 Dec 19 42.80
SECTOR: CnsStp—PcDrugs&Groceries—PcDrugs&Groceries—Food LIQUIDITY: Jun21 Ave 10m shares p.w., R504.5m(102.6% p.a.)
MAJOR ORDINARY SHAREHOLDERS as at 01 Mar 2020
FOOR 40 Week MA PICKNPAY
Newshelf 1321 (Pty) Ltd. 25.30%
Government Employees Pension Fund 13.00%
GIC Private Ltd. 3.50%
FINANCIAL STATISTICS 8005
(R million) Feb 21 Mar 20 Mar 19 Feb 18 Feb 17
Final Final(rst) Final(rst) Final(rst) Final(rst) 7063
Turnover 93 079 89 282 86 271 80 524 76 596
Trading Profit 2 708 3 175 3 055 1 820 1 736 6120
NetIntPd(Rcvd) 1 234 1 300 1 281 147 93 5178
Tax 441 541 464 472 461
Att Inc 967 1 195 1 350 1 253 1 101 4236
2016 | 2017 | 2018 | 2019 | 2020 |
TotCompIncLoss 987 1 157 1 167 1 250 1 121
Hline Erngs-CO 1 095 1 390 1 428 1 312 1 247 Recent Announcements
Fixed Ass 6 643 6 622 6 189 6 054 5 584 Friday, 28 May 2021: Shareholders are advised that the 2021 Inte-
Inv in Assoc 70 50 184 366 310
Inv & Loans 59 87 102 79 85 grated Annual Report, Corporate GovernanceReport and Remu-
Def Tax Asset 913 753 785 590 593 neration Report are now available on our website,
Tot Curr Ass 16 649 12 887 11 771 10 846 9 938 www.picknpayinvestor.co.za, together with the audited
Ord SH Int 3 386 3 010 3 035 2 940 2 798 Company and Group annual financial statements for the 52
LT Liab 14 323 14 192 13 649 13 193 12 288 weeks ended 28 February 2021. The audited Group and
Tot Curr Liab 20 108 16 304 15 423 14 747 12 402
Company annual financial statements contain no modifications
PER SHARE STATISTICS (cents per share) to the summarised audited Group annual financial statements
EPS (ZARc) 202.52 250.90 304.04 273.64 256.67
HEPS-C (ZARc) 229.31 291.90 283.60 267.80 234.80 that were published on 21 April 2021.
Pct chng p.a. - 21.4 - 2.9 22.4 4.6 41.6 The unqualified audit report of Ernst & Young Inc. is presented
Tr 5yr av grwth % 8.9 11.9 18.0 18.4 11.4 in the 2021 audited annual financial statements and is available
DPS (ZARc) 179.74 215.86 231.10 188.80 176.30 for inspection at the registered office of the Company.
Pct chng p.a. - 16.7 - 6.6 22.4 7.1 18.0 Notice of AGM
Tr 5yr av grwth % 4.8 13.5 20.4 17.9 9.3 The 53rd annual general meeting of Pick n Pay will be held on
NAV PS (ZARc) 769.90 776.20 786.70 738.10 698.30
3 Yr Beta - 0.02 0.72 0.93 0.94 1.22 Monday,28June2021at08:30totransactbusinessasstatedinthe
Price High 6 778 7 412 8 209 7 606 8 424 Noticeofannualgeneralmeeting. Theannualgeneralmeetingwill
Price Low 4 095 5 155 6 228 5 460 5 525 be conducted entirely by electronic communication as a result of
Price Prd End 5 167 5 524 6 913 7 428 6 969 the Covid-19 pandemic, following guidance from authorities
RATIOS regarding the need for social distancing. To vote and participate in
Ret on SH Fnd 28.56 39.69 47.60 44.09 43.46 the meeting, the last date totrade is Monday, 14 June 2021 and the
Ret On Tot Ass 4.22 3.57 4.20 5.98 10.25
Oper Pft Mgn 2.91 3.56 3.54 3.39 3.17 record date is Friday, 18 June 2021.
D:E 5.79 10.13 9.58 9.50 8.82 The notice and proxy of the 2021 annual general meeting will be
Int Cover 2.08 2.42 2.30 12.23 18.26 posted on our website at www.picknpayinvestor.co.za and also
Current Ratio 0.83 0.79 0.76 0.74 0.80 posted via registered post to shareholders on 28 May 2021,
Div Cover 1.30 1.30 1.30 1.30 1.30 together with the summarised audited Group annual financial
NUMBER OF EMPLOYEES: 54 900 statements.Foryour convenience,the noticeandproxy formare
DIRECTORS: Ackerman J G,
Ackerman-Berman S D, Bhorat H I (ind ne), repeated in the 2021 corporate governance report, which is also
Cassim M (ind ne), Friedland D (ind ne), available on our website.
Herman H S (ld ind ne), Jakoet A (ne), Monday, 10 May 2021: Clicks plans to acquire the retail pharmacy
Mothupi A M (ind ne), Robins D (ne, German), business of Pick n Pay, including 25 in-store pharmacies which
van der Merwe A (ind ne), van Rooyen J (ind ne),
Ackerman G M (Chair, ne), Boone P (CEO, Neth), will be rebranded to Clicks.
Olivier L (CFO) Clicksisthelargestretailpharmacynetworkinthecountryandthe
POPULAR BRAND NAMES: Pick n Pay Clothing, Scan the QR code to acquisitionwillincreaseitsnationalpresenceto632pharmacies.
Pick n Pay Express, Pick n Pay Hyper, Pick n Pay visit our Investor
Liquor, Pick n Pay Local, Pick n Pay Online, Pick n Centre In terms of the proposed transaction, Clicks will acquire the
Pay Pharmacy, Pick n Pay Spaza, Pick n Pay pharmacy licences and ethical drug stock, while all staff employed
Supermarkets, Boxer, Boxer Build, Boxer Liquor, Boxer Punch, Boxer in the pharmacies will transfer from Pick n Pay to Clicks.
Superstores, TM Supermarkets The proposed transaction is subject to approval by competition
POSTAL ADDRESS: PO Box 23087, Claremont, Cape Town, 7735
and regulatory authorities.
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