Page 167 - Profile's Stock Exchange Handbook - 2025 Issue 2

Profile’s Stock Exchange Handbook: 2025 – Issue 2 JSE – PIC
SEGMENTAL REPORTING as at 25 Aug 24 (asa%ofTurnover)
Pick n Pay Stores Ltd. South Africa 96.6%
Rest of Africa 3.4%
PIC
CALENDAR Expected Status
Next Final Results 26 May 2025 Confirmed
Annual General Meeting Aug 2025 Unconfirmed
Next Interim Results Oct 2025 Unconfirmed
CAPITAL STRUCTURE AUTHORISED ISSUED
ISIN: ZAE000005443 SHORT: PICKNPAY CODE: PIK PIK Ords no par value 828 500 000 745 657 130
REG NO: 1968/008034/06 FOUNDED: 1967 LISTED: 1968 PIK Bs no par value 361 500 000 325 462 164
DISTRIBUTIONS [ZARc]
NATURE OF BUSINESS: Ords no par value Ldt Pay Amt
Pick n Pay Stores Ltd. is an investment holding company that Final No 110 30 May 23 5 Jun 23 140.30
is domiciled and incorporated in the Republic of South Africa Interim No 109 29 Nov 22 5 Dec 22 44.85
and listed on the JSE and A2X, the recognised securities Final No 108 31 May 22 6 Jun 22 185.35
exchanges in South Africa. The Group comprises subsidiaries Interim No 107 30 Nov 21 6 Dec 21 35.80
and an associate that retail food, clothing, general merchan- LIQUIDITY: Mar25 Avg 13m shares p.w., R351.1m(92.9% p.a.)
dise, and liquor throughout Africa, both on an owned and FOOR 40 Week MA PICKNPAY
franchise basis.
9357
SECTOR: CnsStp—PcDrugs&Groceries—PcDrugs&Groceries—Food
MAJOR ORDINARY SHAREHOLDERS as at 25 Feb 2024 7821
Ackerman Investment Holdings (Pty) Ltd. 25.30%
Government Employees Pension Fund 15.60% 6284
Fidelity Series Emerging Markets Opportunities Fund 4.70%
4748
FINANCIAL STATISTICS
(R million) Aug 24 Feb 24 Feb 23 Feb 22 Feb 21 3211
Interim Final(rst) Final Final Final
Turnover 56 052 112 295 106 562 97 873 93 079 1675
2020 | 2021 | 2022 | 2023 | 2024 |
Op Inc 83 385 3 048 2 887 2 708
NetIntPd(Rcvd) 1 135 2 020 1 323 1 150 1 234 Recent Announcements
Tax - 256 - 957 538 547 441 Tuesday, 04 February 2025: The trading performance of the Company
Att Inc - 827 - 3 190 1 170 1 215 967 and its subsidiaries (“the Group”) for the 45-week period to 5
TotCompIncLoss - 847 - 3 197 1 132 1 256 987
Hline Erngs-CO - 803 - 979 1 246 1 259 1 095 January 2025 (“the Period”) reflected steady like-for-like sales
Fixed Ass 8 952 9 191 8 893 7 151 6 643 improvement from the Pick n Pay segment and another strong
Inv in Assoc - - 72 106 70 performance from Boxer Retail Ltd. (“Boxer”).
Inv & Loans 220 170 118 86 59 Group sales for the Period increased 3.6% (3.3% like-for-like) and
Def Tax Asset 2 654 2 134 734 823 913 grew3.5%(3.8%like-for-like)inthelatter19weeksofthePeriod.
Tot Curr Ass 20 094 20 269 17 496 19 251 16 649 Friday, 13 December 2024: Shareholders were advised that Pick n Pay
Ord SH Int 2 880 - 183 3 703 3 716 3 386 has appointed Rand Merchant Bank (a division of FirstRand Bank
LT Liab 20 648 20 965 15 133 13 657 14 323 Ltd.) as its JSE Sponsor with effect from 1 January 2025.
Tot Curr Liab 22 482 25 731 23 529 22 972 20 108
Friday, 13 December 2024: Shareholders were referred to the
PER SHARE STATISTICS (cents per share) announcement released by the Company on SENS on 10
EPS (ZARc) - 140.83 - 562.30 243.37 253.34 202.52 December 2024 regarding the discontinuation and cessation of
HEPS-C (ZARc) - 136.60 - 172.56 259.25 262.59 229.31 Stabilisation considering the performance of the Ordinary Shares
Pct chng p.a. - 20.84 - 166.6 - 1.3 14.5 - 21.4 since Admission.
DPS (ZARc) - - 185.15 221.15 179.74 The Company hereby informed Shareholders that in light of the
Pct chng p.a. - - 100.0 - 16.3 23.0 - 16.7
Tr 5yr av grwth % - - 23.3 1.2 5.8 4.8 discontinuation and cessation of Stabilisation, the Overallotment
NAV PS (ZARc) 420.10 11.00 803.00 827.10 769.90 Option has been successfully implemented for a total subscription
3 Yr Beta 0.57 0.47 - 0.23 - 0.16 - 0.02 consideration of ZAR500 million in accordance with the
Price High 2 869 4 719 6 688 6 250 6 778 Placement Agreement and the Stabilisation Manager will use the
Price Low 1 662 2 022 4 302 4 612 4 515 Overallotment Shares acquired pursuant to the Overallotment
Price Prd End 2 403 2 325 4 563 4 644 5 167 Option to close out its short position and settle its redelivery
RATIOS obligations pursuant to the Securities Lending Agreement, as
Ret on SH Fnd - 28.73 1 747.04 31.60 32.69 28.56 announced on Tuesday, 10 December 2024.
Ret On Tot Ass - 2.34 - 3.13 4.40 4.59 4.22 Tuesday,10December2024:Shareholderswereadvisedthat,assetout
Oper Pft Mgn 0.15 0.34 2.86 2.95 2.91 inthePre-listingStatementandtheannouncementreleasedbythe
D:E 8.12 - 152.85 5.62 5.51 5.79 Company on Monday, 25 November 2024 (the “Pricing
Int Cover 1.4 1.6 2.29 2.53 2.14
Current Ratio 0.89 0.79 0.74 0.84 0.83 Announcement”), the Company granted Rand Merchant Bank (a
Div Cover - - 1.31 1.30 1.30 division of FirstRand Bank Ltd.), as stabilisation manager (the
DIRECTORS: AckermanSD(ne), “Stabilisation Manager”) the Overallotment Option, which
AckermanJG(ne), BhoratHI(ind ne), entitled the Stabilisation Manager to call for the Company to issue
Formby J (ld ind ne), Friedland D (ind ne), upto9259259OrdinarySharesattheOfferPrice(representingan
Jakoet A (ind ne), MothupiAM(ind ne), aggregate amount of ZAR500 million), in connection with any
van der Merwe A (ind ne), Summers S (CEO), Stabilisationpotentiallyrequiredtosupportthemarketpriceofthe
Olivier L (CFO), Ackerman G M (Chair, ne) Ordinary Shares to the extent it fell below the Offer Price during
POPULAR BRAND NAMES: Pick n Pay
Supermarkets, Pick n Pay Hypermarkets, Pick n the Stabilisation Period.
Pay Clothing, Pick n Pay Liquor, Pick n Pay The Company informed Shareholders that Stabilisation has not
Express, Pick n Pay asap!, Pick n Pay Home, Pick been undertaken by the Stabilisation Manager as Ordinary Shares
n Pay Online Shopping Scan the QR code to havetradedconsistentlyabovetheOfferPricesinceAdmissionand
POSTAL ADDRESS: PO Box 23087, Claremont, visit our Investor it is currently not anticipated that Stabilisation will be required
Cape Town, 7735 Centre given the current performance of the Ordinary Shares.
EMAIL: CompanySecretary@pnp.co.za Accordingly, the Stabilisation Manager has consulted with the
WEBSITE: www.picknpayinvestor.co.za Company and determined, with the consent of the Company, that
TELEPHONE: 021-658-1000 FAX: 086-675-1475 no Stabilisation transactions will be effected from the date of this
COMPANY SECRETARY: Vaughan Pierce
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. announcement.
SPONSOR:RandMerchantBank(AdivisionofFirstRandBankLtd.(SA))
AUDITORS: Ernst & Young Inc.
BANKERS: Absa Bank Ltd., First National Bank of SA Ltd.
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