The Shoprite Group is the largest South African retailer by market capitalisation, sales, profit, number of employees and customers. Since opening our first store in 1979, the Group has grown to 3 543 stores across 10 countries. Our purpose is to uplift lives everyday by pioneering access to the most affordable goods and services, creating economic opportunity and protecting our planet.

Everything we do is intrinsically linked to our core supermarket business and how we make grocery retail more affordable and accessible. Our platform thinking underpins our ambition to provide seamless engagement across physical and digital channels and leverage our scale, network and data, to create value for our customers and unlock new revenue for the Group.

Our ecosystem of value for customers

m

er &

re

w

to

ar

s

d

u

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C

7 Distribution of total operations as at 31 December 2023

GHANA

The Group is South Africa's

TOTAL

largest private sector employer

CORPORATE

and a leading employer

in Africa with more than

STORES 2 938ght

160 000 employees.

i

5

L

Sales reached R121 billion

37

in the last 6 months with

52

26

MALAWI

58 months of uninterrupted

ANGOLA

market share gains.

ZAMBIA

MOZAMBIQUE

39

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A d v a n c e d a n a l y t i c s

&

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s i

g

h

t

s

We are market leaders in distribution with

30 distribution centres.

Our Xtra Savings rewards programme is the biggest in South Africa with 29.4 million members, providing the best value on quality products.

101

BOTSWANA

NAMIBIA

46

2 592

33

ESWATINI

SOUTH AFRICA

LESOTHO

Core retail platform

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TAKE A

VIRTUAL TOUR

THROUGH

SOME OF OUR

STORES

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3/2024

SHOPRITE HOLDINGS LTD

Our purpose

Uplifting lives every day by pioneering access

to the most affordable goods and services, creating economic opportunity and protecting our planet.

Our strategy

The nine strategic priorities that guide our daily decision-making:

Our values

Our values guide our behaviour to fulfil our purpose, and they define how we do business.

Doing the right thing

  • Putting our customers first
  • Acting ethically and with integrity
  • Making a difference beyond our own doors

ASmarter

Shoprite

1

A

truly

-

customer

first

culture

fit

-

2

Future

channels

and

talent

3

Enable

precision

retailing

Target headroom opportunities

4 Trusted, profitable private labels

5 Grow share in premium and fresh food

6 Stronger partnerships

Winning

in

the

long

7

term

Unlock

alternative

8

income

Force

9

for

good

Leverage

platform

advantage

Saving to share

  • Relentlessly focusing on improving productivity and managing costs to provide our customers with the lowest prices
  • Helping others where we can

Developing local

  • Investing in our people
  • Creating opportunities
  • Embracing economic transformation
  • Supporting communities where our customer needs are the biggest

SHOPRITE HOLDINGS LTD

Unaudited results for the 26 weeks ended 31 December 2023

The Group's long-term performance is illustrated below through comparative sales figures as well as the share price performance over a 10-year period:

Annual sales

R'million

220 000

200 000

956

180 000

214

868

160 000

168 030

183

140 000

145 104

147 478

155 409

120 000

113 694130 028

141 000

100 000

113 694

80 000

102 204

60 000

40 000

20 000

0

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

Shoprite Holdings Ltd share price

cents

28 000

26 000

24 000

22 000

20 000

Financial highlights

Restated*

Unaudited

unaudited

26 weeks

26 weeks

Change

31 Dec '23

1 Jan '23

Continuing operations

%

Rm

Rm

Sale of merchandise

13.9

121 079

106 276

Trading profit

10.7

6 660

6 016

Earnings before interest, income tax, depreciation and amortisation (EBITDA)

10.3

10 216

9 259

Profit before income tax

3.8

4 921

4 742

Headline earnings from continuing operations

7.6

3 395

3 155

  • Restated for the adoption of IFRS 17: Insurance Contracts. Refer to note
    2 of the condensed consolidated interim financial statements for details of
    this change in accounting policy (see https://www.shopriteholdings.co.za/docs/ int2024-mar2024.pdffor more).

Performance measures

Diluted headline earnings per share from continuing operations (cents)

7.6

621.4

577.5

Dividend per share declared (cents)

7.7

267.0

248.0

Trading margin (%)

5.5

5.7

Analysis per reportable segment

Sale of merchandise

Supermarkets RSA

14.6

97 517

85 084

Supermarkets Non-RSA

6.2

10 606

9 987

Furniture

1.7

3 975

3 909

Other operating segments

23.1

8 983

7 296

Total continuing operating segments

13.9

121 081

106 276

Hyperinflation effect

(2)

-

Total consolidated continuing operations

13.9

121 079

106 276

Discontinued operations

-

94

Total operating segments including discontinued operations

13.8

121 079

106 370

Contribution to total operating segments

18 000

16 000

14 000

12 000

10 000

8 000

6 000

4 000

2 000

0

Dec

Jun

Dec

Jun

Dec

Jun

Dec

Jun

Dec

Jun

Dec

Jun

Dec

Jun

Dec

Jun

Dec

Jun

Dec

2014

2015

2015

2016

2016

2017

2017

2018

2018

2019

2019

2020

2020

2021

2021

2022

2022

2023

2023

80.5%

Supermarkets

RSA

Sale of

8.8%

Supermarkets

merchandise

Non-RSA

3.3%

Furniture

7.4%

Other operating

segments

87.6%

Supermarkets

RSA

Trading

6.5%

Supermarkets

profit**

Non-RSA

1.9%

Furniture

4.0%

Other operating

segments

** Trading profit excludes the impact of hyperinflation adjustments.

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Disclaimer

Shoprite Holdings Ltd. published this content on 05 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2024 06:08:30 UTC.