Pepkor Holdings Limited (PPH) Investor presentation summary

Strategic positioning and value creation

• Maintains a defensive, cash-generative model with strong returns and value leadership.

• Operates 6,000 retail stores and processes 1.9 billion transactions, with dominant market share in key categories.

• Pursues growth through fintech, omnichannel development, informal market engagement, and international expansion.

• Capital allocation is guided by a value creation process, including divestments and targeted investments.

Transaction overview and rationale

• Acquiring 100% of Shoprite's furniture business in Botswana, Lesotho, Zambia, South Africa, Eswatini, and Namibia, excluding Angola and Mozambique.

• Purchase consideration is approximately 4% of market cap, with implementation expected in H2FY25.

• Due diligence completed, with assets including credit book, insurance cell, inventory, and fixed assets.

Combined entity profile

• Combined revenue of approximately R18bn, with 8 retail brands and 1,335 stores across 6 countries.

• Expanded distribution network with 19 centres and a diversified store footprint.

• Enhanced customer value proposition across high-end, mass-middle, value, and discount segments.