Investor Presentaiton

Working capital Tightly controlled working capital despite current economic environment and supply chain disruptions 70 Inventory days* Dec 2020: 70 Stock levels impacted by the civil unrest and insufficient in- stocks in certain categories * Excludes civil unrest- related inventory write off 0 days 2021 R11.9bn 2020 R11.9bn ↓7 days • 70 Creditor days Dec 2020: 77 9 Debtor days Dec 2020: 9 Trade creditors down 7.7% End of negotiated payment terms with suppliers in 2020 due to Covid-19 impact Genpact: significant improvement in unmatched invoices Genpact: improved collection of long outstanding debtors 2021 R13.8bn 2020 R14.9bn 0 days 18

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