Investor Presentaiton
Massmart Wholesale Performance
makro
BIG on life
JUMBO
WHOLESALE
THE CANT OF AFRICA
Shield
Strong underlying
performance -
Impacted by loss of
highest volume stores
↑1.1%
R47.4bn
Sales
↑7.4%^
.
Lower activity in corporate, hospitality, restaurant and catering sectors
• In-stocks challenges over festive trading period - electronics, appliances and cell
phones
•
Makro online sales 118.6%
•
Margin impacted by sales mix, improved liquor sales in 2021
•
Business unit expenses 12.9%
•
Civil unrest: 7 store affected
•
Covid-19 & civil unrest estimated impact:
15.1%
•
Lost sales: R2,947.1m
.
Lost trading profit: R544.0m
(50bps)
GP MARGIN*
2020: 15.6%
Includes IFRS 16
Continuing operations
^ Excludes the Covid-19 and civil unrest impact
- refer to additional information for Management
assumptions used
* Excludes inventory write-offs as a result of the civil unrest
** Includes HO allocations
(35.7%)
R753.7m
Trading profit**
2020: R1,172.1m
2019: R963.9m
↑10.7%^
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