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Investor Presentaiton

Capex per category Total capex 1.4% of total sales (2020: 1.2%) Rm Land and buildings/leasehold improvements Vehicles Fixtures, fittings, plant and equipment IT investment Investment to expand operations Dec 2021 (Reviewed) Dec 2020 (Reviewed) Percentage Change 307.8 356.1 (13.6) 1.0 0.2 400.0 425.2 141.9 199.6 168.5 266.0 (36.7) 902.5 764.2 18.1 0 36% Land and buildings/ 0% Vehicles 46% Fixtures, fittings, plant and equipment 18% IT investment leasehold improvements Land and buildings/leasehold improvements 101.4 64.9 56.2 Vehicles 2.4 2.1 14.3 Fixtures, fittings, plant and equipment 101.2 144.5 (30.0) IT investment 42.5 58.4 (27.2) Investment to maintain operations 247.5 269.9 (8.3) Total 1,150.0 1,034.1 11.2 Total Group Massmart powered by Walmart 40
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