Page 186 - Profile's Stock Exchange Handbook 2022 Issue 1

JSE – PIC Profile’s Stock Exchange Handbook: 2022 – 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
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 consis- Next Final Results Apr 2022 Unconfirmed
tently successful retailers, with 2039 stores (1 209 corporate Annual General Meeting Jun 2022 Unconfirmed
and 768 franchise). In addition, it has 62 supermarkets in Next Interim Results Oct 2022 Unconfirmed
Zimbabwe through its investment in TM Supermarkets. Pick n
Pay branded businesses include Hypermarkets, Supermarkets, CAPITAL STRUCTURE AUTHORISED ISSUED
Clothing, Liquor and Express. Non-Pick n Pay branded busi- PIK Ords 1.25c ea 800 000 000 493 450 321
nesses include Boxer Superstores and a 49% shareholding in DISTRIBUTIONS [ZARc]
TM Supermarkets in Zimbabwe. Pick n Pay has a footprint in Ords 1.25c ea Ldt Pay Amt
South Africa, Namibia, Eswatini, Botswana, Lesotho, Zambia Interim No 107 30 Nov 21 6 Dec 21 35.80
and Zimbabwe. Final No 106 1 Jun 21 7 Jun 21 161.00
Final No 104 1 Dec 20 7 Dec 20 173.06
SECTOR: CnsStp—PcDrugs&Groceries—PcDrugs&Groceries—Food Interim No 105 1 Dec 20 7 Dec 20 18.74
MAJOR ORDINARY SHAREHOLDERS as at 12 Nov 2021 LIQUIDITY: Nov21 Avg 7m shares p.w., R358.7m(68.9% p.a.)
Newshelf 1321 (Pty) Ltd. 25.30%
Government Employees Pension Fund 15.34% FOOR 40 Week MA PICKNPAY
Coronation Asset Management 5.18%
FINANCIAL STATISTICS
(R million) Aug 21 Feb 21 Mar 20 Mar 19 Feb 18 8005
Interim Final Final(rst) Final(rst) Final(rst)
Turnover 46 021 93 079 89 282 86 271 80 524 7063
Trading Profit 1 048 2 708 3 175 3 055 1 820
6120
NetIntPd(Rcvd) 623 1 234 1 300 1 281 147
Tax 131 441 541 464 472 5178
Att Inc 297 967 1 195 1 350 1 253
TotCompIncLoss 326 987 1 157 1 167 1 250 2016 | 2017 | 2018 | 2019 | 2020 | 2021 4236
Hline Erngs-CO 294 1 095 1 390 1 428 1 312
Fixed Ass 6 742 6 643 6 622 6 189 6 054 Recent Announcements
Inv in Assoc 71 70 50 184 366 Pick n Pay interim results August 2021 - Wednesday, 20 October
Inv & Loans 79 59 87 102 79
Def Tax Asset 920 913 753 785 590 2021: Turnover for the interim period increased to R46 billion
Tot Curr Ass 19 379 16 649 12 887 11 771 10 846 (2020: R44.2 billion) whilst gross profit lowered to R8.4 billion
Ord SH Int 2 922 3 386 3 010 3 035 2 940 (2020: R8.6 billion). Profit for the period shot up to R296.8
LT Liab 14 587 14 323 14 192 13 649 13 193 million (2020: R158.7 million) and headline earnings per share
Tot Curr Liab 23 239 20 108 16 304 15 423 14 747
grew to 61.28 cents per share (2020: 43.78 cents per share).
PER SHARE STATISTICS (cents per share) FY21 interim dividend - number 105
EPS (ZARc) 61.97 202.52 250.90 304.04 264.50 Notice is hereby given that the directors have declared an
HEPS-C (ZARc) 61.28 229.31 291.90 283.60 267.80 interim gross dividend (number 107) relating to its 2022
Pct chng p.a. - 46.6 - 21.4 2.9 5.9 14.1
Tr 5yr av grwth % - 8.6 11.6 16.6 20.3 interim financial period (26 weeks ended 29 August 2021) of
DPS (ZARc) 35.80 179.74 215.86 231.10 188.80 35.80 cents per share out of income reserves. The dividend
declared is subject to dividend withholding tax at 20%. The tax
Pct chng p.a. - - 16.7 - 6.6 22.4 7.1
Tr 5yr av grwth % - 4.8 13.5 20.4 17.9 payable is 7.16 cents per share, resulting in shareholders who
NAV PS (ZARc) 669.20 769.90 776.20 786.70 738.10 are not exempt from dividends tax with a net dividend of 28.64
3 Yr Beta - 0.17 - 0.02 0.72 0.93 0.94 cents per share.
Price High 6 000 6 778 7 412 8 209 7 606 Thursday, 30 September 2021: Despite severe trading and opera-
Price Low 4 975 4 095 5 155 6 228 5 460 tional disruptions in the second quarter of the financialyear, the
Price Prd End 5 881 5 167 5 524 6 913 7 428 Group delivered a resilient and positive performance, maintain-
RATIOS
Ret on SH Fnd 20.32 28.56 39.69 44.48 42.62 ing underlying momentum on sales and earnings growth.
Ret On Tot Ass 2.19 4.22 3.57 4.20 5.98 The Group reported salesgrowth of4.1% forthe period. Normal-
Oper Pft Mgn 2.28 2.91 3.56 3.54 3.39 ised sales growth of8.0% year-on-year (excluding the estimated
D:E 7.21 5.79 10.13 9.58 9.50 impact of the disruptions set out in detail below) reflects solid
Int Cover 1.67 2.08 2.42 2.30 12.23 progress against a number of the Group’s strategic priorities -
Current Ratio 0.83 0.83 0.79 0.76 0.74 including another market-leading sales performance by Boxer,
Div Cover 1.73 1.13 1.30 1.30 1.30 better value for customers across Pick n Pay and Boxer and
NUMBER OF EMPLOYEES: 54 900 progress in growing Pick n Pay’s omnichannel offer.
DIRECTORS: Ackerman J G, The Group’s first half earnings will demonstrate continuing
Ackerman-Berman S D, Bhorat H I (ind ne),
Cassim M (ind ne), Friedland D (ind ne), benefits from the Group’s Project Future modernisation
Herman H S (ld ind ne), Jakoet A (ne), programme - including a more efficient supply chain, more
Mothupi A M (ind ne), Robins D (ne, German), cost-effective store and support office operations, and strong
van der Merwe A (ind ne), van Rooyen J (ind ne),
Ackerman G M (Chair, ne), management of working capital and capital investment.
Boone P (CEO, Neth), Olivier L (CFO)
POPULAR BRAND NAMES: Pick n Pay Scan the QR code to
Clothing, Pick n Pay Express, Pick n Pay Hyper, visit our Investor
Pick n Pay Liquor, Pick n Pay Local, Pick n Pay Centre
Online, Pick n Pay Pharmacy, Pick n Pay Spaza,
Pick n Pay Supermarkets, Boxer, Boxer Build, Boxer Liquor, Boxer Punch,
Boxer Superstores, TM Supermarkets
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