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JSE – LEW                                Profile’s Stock Exchange Handbook: 2024 – Issue 3
                                                              NUMBER OF EMPLOYEES: 10 004
                  Lewis Group Ltd.                            DIRECTORS: Abrahams Prof F (ind ne),
                                                               Bodasing A (ind ne), DeeganBM(ind ne),
        LEW
                         ISIN: ZAE000058236                    MotsepeDR(ind ne), NjikizanaTH(ind ne),
                         SHORT: LEWIS                          Saven H (Chair, ind ne), Enslin J (CEO),
                         CODE: LEW                             Bestbier J (CFO)
                         REG NO: 2004/009817/06               POPULAR BRAND NAMES: Lewis, Best Home
                         FOUNDED: 1934                         and Electric, Beares, Bedzone, UFO Furniture,
                         LISTED: 2004                          Monarch Insurance
                                                              POSTAL ADDRESS: PO Box 43, Woodstock,
                                                  Scan the QR code to  Cape Town, 7915
                           NATURE OF BUSINESS:     visit our website  EMAIL: graeme@tierlir.co.za
                           Lewis Group is a leading credit    WEBSITE: www.lewisgroup.co.za
                           retailer of household furniture,  TELEPHONE: 021-460-4400
        electrical appliances and home electronics and has been listed  COMPANY SECRETARY: Marisha Gibbons
        on the JSE Ltd. since 2004 where it is classified under the  TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
        General Retailers sector.                 SPONSOR: Standard Bank of SA Ltd.
                                                  AUDITORS: EY Inc.
        Through the Lewis, Best Home and Electric, Beares, Bedzone  BANKERS: Absa Bank Ltd., First National Bank of Africa Ltd., Investec Bank Ltd.,
        and UFO brands, the group has a branch network of 869  Nedbank Ltd., Standard Bank Ltd.
        stores. This includes stores across all major metropolitan
        areas as well as a strong presence in rural South Africa, with  CALENDAR  Expected  Status
        138 stores in the neighbouring southern African countries of  Annual General Meeting  Oct 2024  Unconfirmed
        Botswana, Eswatini, Lesotho and Namibia.  Next Interim Results   Nov 2024  Unconfirmed
        Lewis is the country’s largest furniture chain and one of the  Next Final Results  May 2025  Unconfirmed
        most recognisable brands in furniture retailing, focused
        primarily on the growing middle to lower income market in  CAPITAL STRUCTURE  AUTHORISED  ISSUED
        thelivingstandardsmeasurement(“LSM”)4to7categories.  LEW  Ords 1c ea  150 000 000  52 393 699
        ThegrouphasexpandeditsofferingbeyondtheLewischainby  DISTRIBUTIONS [ZARc]
        developing the Best Home and Electric brand selling home ap-  Ords 1c ea  Ldt  Pay  Amt
        pliancesaswellasfurniturerangesintheLSM4to7category.  Final No 40  23 Jul 24  29 Jul 24  300.00
        In 2014 the group embarked on a strategy of diversifying  Interim No 39  16 Jan 24  22 Jan 24  200.00
        across income groups and market segments by acquiring the  Final No 38  18 Jul 23  24 Jul 23  218.00
        long-establishedBeares brand. The Beares brand is focusedon  Interim No 37  17 Jan 23  23 Jan 23  195.00
        the middle-income market in the LSM 7 to 9 category.  LIQUIDITY: Jun24 Avg 215 538 shares p.w., R9.0m(21.4% p.a.)
        In2018,thegroupacquiredUFOasacontinuationofthegroup’s
                                                          GERE       40 Week MA   LEWIS
        diversification strategy. UFO is an independent, cash furniture
        retailerwitharetailfootprintof39stores.UFOisrecognisedasa                      5250
        luxury brand with a value offering to the upper consumer
        spectrum,namelyLSM9+.Bedzonewasestablishedin2022asa                            4448
        specialistretailerofbasesetstargetingcustomersintheLSM4to                      3646
        9 categories. Monarch Insurance, the group’s financial services
        subsidiary, provides optional micro insurance products to                      2844
        customers purchasing merchandise on credit.
                                                                                       2042
       SECTOR: ConsDiscr—Retail—Retailers—HomeImprovementRetailers
       MAJOR ORDINARY SHAREHOLDERS as at 31 Mar 2024  2019  |  2020  |  2021  |  2022  |  2023  |  1240
         Coronation Fund Managers (SA)    13.80%
         Peresec Prime Brokers (SA)        8.63%  Recent Announcements
       FINANCIAL STATISTICS                       Lewis final results March 2024 - Friday, 31 May 2024: Lewis Group
       (R million)  Mar 24  Mar 23  Mar 22  Mar 21  Mar 20  delivered a resilient performance in a weak retail trading
                     Final Final(rst  Final  Final Final(rst  environment, reporting continued strong credit sales, robust
                             )                )    growth in the debtors book, record high customer payment
       Turnover      8 184  7 456  7 256  6 726  6 453  metrics and improved returns to shareholders.
       Op Inc         690   609  668   696  254    Pressure on consumers’ disposable income from high energy,
       NetIntPd(Rcvd)  138  98    24   88    64    food, fuel and borrowing costs continued to constrain the
       Tax            154   156  191   172   90    Group’s cash sales and adversely impacted on the performance
       Att Inc        436   411  483   433  182    of UFO, the Group’s cash retail brand.
       TotCompIncLoss  425  422  486   422  216    The board has shown its confidence in the Group’s prospects
       Hline Erngs-CO  500  510  561   463  205    and cash generating ability by increasing the total dividend by
       Fixed Ass      442   426  396   386  324    21.1% to 500 cents per share. This is the third consecutive year
       Right of Use Assets  794  760  747  635  694  that the Group has returned more than 100% of earnings to
       Inv & Loans    243   257  266   254  228    shareholders through dividend payments and share buybacks.
       Trademarks & Software  110  115  107  114  121  Dividend declaration
       Goodwill         -   60   151   182  188    Notice was giventhat a finalgross cash dividend of300 centsper
       Def Tax Asset   64   50    83   112  166    share in respect of the year ended 31 March 2024 has been
       Retirement&BenefitAss  109  107  110  105  107  declared payable to holders of ordinary shares.
       Tot Curr Ass  5 771  5 270  5 047  5 035  5 561  Company outlook
       Ord SH Int    4 703  4 693  4 717  4 873  4 710  Despite the mounting macroeconomic headwinds, the Group
       LT Liab       1 188  821  805   656  705    continues to invest in longer-term growth strategies to support
       Tot Curr Liab  1 643  1 531  1 385  1 295  1 974  revenue and margin. Twenty new stores are planned across the
                                                   traditional retail brands in the 2025 financial year to further
       PER SHARE STATISTICS (cents per share)      expand the Group’s extensive footprint. As consumer demand
       EPS (ZARc)   806.30  695.60  730.70  576.40  232.10  for credit is expected to be maintained, the Group will continue
       HEPS-C (ZARc)  924.60  863.50  848.70  616.50  260.20  to invest in the expansion of its debtors book, which is
       DPS (ZARc)   500.00  413.00  413.00  328.00  185.00  motivated by the proven history of effective credit practices and
       NAV PS (ZARc)  8 891.00 8 220.00 7 527.00 6 814.00 6 126.00  the quality of the debtors book.
       3 Yr Beta      0.39  0.45  0.79  0.86  0.48
       Price High    4 499  5 487  5 400  3 211  3 897
       Price Low     3 500  3 751  2 835  1 201  1 520
       Price Prd End  4 350  4 100  4 700  3 071  1 782
       RATIOS
       Ret on SH Fnd  9.28  8.76  10.24  8.88  3.87
       Ret On Tot Ass  10.00  9.20  10.40  10.50  4.80
       Oper Pft Mgn   8.43  8.17  9.20  10.34  3.93
       D:E            0.34  0.25  0.15  0.07  0.12
       Current Ratio  3.51  3.44  3.64  3.89  2.82
       Div Cover      1.61  1.68  1.77  1.76  1.25
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