Collaboration. Activation. Sales.
INTEGRATED REPORT 2022
for the year ended 31 December
ABOUT THIS | INTRODUCING | OUR STRATEGIC | STRATEGIC | PERFORMANCE | CORPORATE | ANNUAL FINANCIAL | SHAREHOLDER |
REPORT | CA&S GROUP | BUSINESS CONTEXT | OVERVIEW | REVIEW | GOVERNANCE | STATEMENTS | INFORMATION |
Contents
Taking Brands Beyond Borders
About this | Our strategic | Performance | Annual financial | ||||
report | business context | review | statements | ||||
About this report | 1 Overview of our macro- and micro-environment | How did we do | Our financial information | ||||
Our financial and non-financial milestones | 2 | Chairman's message | 11 | CFO's message | 30 | Report of the audit and risk committee | 66 |
Operating environment | 13 | Value added statement | 32 | Statement of responsibility by the | |||
Stakeholder relationships | 14 | Summary of ratios and statistics | 33 | board of directors | 68 | ||
Risk considerations | 17 | Country review | 34 | Statement on internal financial controls | 69 | ||
Material matters | 20 | Sustainability review | 39 | Certificate by company secretary | 69 | ||
Report of the board of directors | 70 | ||||||
Independent auditor's report | 73 | ||||||
Annual financial statements | 78 | ||||||
Notes to the financial statements | 83 |
Introducing | Strategic | Corporate | Shareholder | ||||
CA&S Group | overview | governance | information | ||||
What we do and where we do it | What we do and how we do it | Our principles and practices | Ancillary details for our stakeholders | ||||
Who we are and what we do | 3 | CEO's message | 24 | Our board of directors | 51 | Analysis of shareholders | 144 |
The CA&S story | 4 | Group strategy | 26 | Corporate governance review | 53 | Shareholders' diary | 144 |
Our vision and mission | 5 | ESG roadmap | 28 | Statement of compliance | 55 | Notice of annual general meeting | 145 |
Our footprint | 6 | Committee reports | 56 | Form of proxy | 153 | ||
Group companies overview | 7 | Remuneration report | 59 | Corporate information | IBC | ||
Our value creation business model | 9 |
INTEGRATED REPORT 2022
ABOUT THIS | INTRODUCING | OUR STRATEGIC | STRATEGIC | PERFORMANCE | CORPORATE | ANNUAL FINANCIAL | SHAREHOLDER | |
REPORT | CA&S GROUP | BUSINESS CONTEXT | OVERVIEW | REVIEW | GOVERNANCE | STATEMENTS | INFORMATION | |
About this report | ||||||||
Report objective | Reporting scope and boundary | |||||||
This Integrated Report (IR) provides our stakeholders with insight into our ability to create value over | As the concepts and practices of both integrated and sustainability reporting develop, | |||||||
the short-, medium- and long-term. It outlines the group's strategy and business model, operating | CA&S will continue to improve disclosures and application as deemed appropriate. | |||||||
environment, material risks and governance, as well as our financial performance for the year | This report covers the primary activities of the CA&S Group's subsidiaries and | |||||||
1 January to 31 December 2022. | ||||||||
associates operating in the Southern African region, including both financial and | ||||||||
Reporting frameworks | non-financial outcomes. While the report is primarily written for investors, we also | |||||||
The report has been prepared in line with the International Sustainability Standards Board's | present information relevant to the way we create value for other key stakeholders, | |||||||
including our staff, clients, regulators and society. | ||||||||
International Framework. It takes into consideration the principles and practices contained in the | ||||||||
South African King Code of Governance Principles 2016 (King IV™)*. The consolidated annual financial | The information in the integrated report is informed by materiality, with a focus on | |||||||
statements have been prepared in accordance with International Financial Reporting Standards | issues that are important to both CA&S and our key stakeholders. |
("IFRS") and the South African Companies Act, as well as the Listings Requirements of the Botswana Stock Exchange ("BSE") and the JSE Limited ("JSE").
* Copyright and trademarks are owned by the Institute of Directors in South Africa NPC and all its rights are reserved.
Disclosure and assurance
CA&S aims for all disclosures included in this IR to provide meaningful, accurate, complete, transparent and balanced information to stakeholders. The board of directors (the board), its committees and management were involved in determining and approving disclosures made in this IR.
The financial information included in this IR was prepared in accordance with IFRS, with PricewaterhouseCoopers Inc. independently assuring the annual financial statements.
Forward-looking statements
This report may contain forward-looking statements about the group's operating environment, outlook and operations, which are affected by risks and uncertainty. Certain factors could influence the ultimate outcomes to be significantly different from our view. Forward-looking statements have not been audited by our external auditors.
NAVIGATION ICONS
SIX CAPITALS | Financial | Manufactured | Social and |
relationship | |||
Human | Intellectual | Natural |
OURSERVICE OFFERING
Warehousing | Retail execution and | Retail support | Technology | Training |
and distribution | advisory services | services | and data |
Responsibility and approval
The board acknowledges its responsibility to ensure the integrity of this IR. In its opinion, and after discussions with management, the report addresses all the issues that are material to the group's ability to create value and fairly presents the integrated performance of the CA&S Group. The board has applied its collective mind to the preparation and presentation of this report and believes that it has been prepared in accordance with the Framework. The board of directors of CA&S Group approved this report on 28 April 2023.INTEGRATED REPORT 2022
Johan Holtzhausen | Duncan Lewis | Frans Reichert | Badal Patel | Blackie Marole |
Independent non- | Chief Executive | Chief Financial | Independent | Independent |
executive Chairman | Officer | Officer | non-executive | non-executive |
Bridgitte Mathews | Elias Masilela | Frans Britz | Leon Cronje | Shiellah Moakofi |
Independent | Independent | Independent | Independent | Independent |
non-executive | non-executive | non-executive | non-executive | non-executive |
1 |
ABOUT THIS | INTRODUCING | OUR STRATEGIC | STRATEGIC | PERFORMANCE | CORPORATE | ANNUAL FINANCIAL | SHAREHOLDER |
REPORT | CA&S GROUP | BUSINESS CONTEXT | OVERVIEW | REVIEW | GOVERNANCE | STATEMENTS | INFORMATION |
Our financial and non-financialmilestones
18.2%
Revenue increase in 2022
REVENUE
R9.485 billion
(2021: R8.028 billion)
EMPLOYEES
R1.336 billion
paid in wages
and salaries
13 506
employment opportunities
in Southern Africa
OPERATING | HEADLINE | HEADLINE EARNINGS | |||||
PROFIT | EARNINGS | PER SHARE (HEPS) | |||||
R531 million | R363 million | 78.21 cents | |||||
(2021: R401 million) | (2021: R272 million) | (2021: 59.61 cents) | |||||
STORES SERVICED | CSI SPEND | ||||||
Products | R4.3 million | ||||||
delivered to more than | |||||||
5 400 outlets | spent in 2022 | ||||||
Retail execution | 42 charitable |
services in more than | |
6 200 outlets | organisations/ |
initiatives |
DIVIDEND DECLARED
FOR THE YEAR
15.35 cents
(2021: 11.77 cents)
INFRASTRUCTURE
103 588m2
warehousing available
We have
269 trucks
in our fleet
INTEGRATED REPORT 2022
2
ABOUT THIS | INTRODUCING | OUR STRATEGIC | STRATEGIC | PERFORMANCE | CORPORATE | ANNUAL FINANCIAL | SHAREHOLDER |
REPORT | CA&S GROUP | BUSINESS CONTEXT | OVERVIEW | REVIEW | GOVERNANCE | STATEMENTS | INFORMATION |
Who we are and what we do
The CA&S Group is the holding entity of a collective of fast-moving consumer goods (FMCG) service businesses that help ensure millions of households can access essential products they need to experience better quality lives.
Our clients depend on us for continuous on-shelf availability. The group offers a reliable route-to-market service to brand owners of consumer goods. The group also offers aligned services, ensuring that our clients' brands are fully maximised in their various markets. Our offering includes warehousing, various models of distribution, sales, in-store execution, shopper marketing and training, as well as selected debtor services, category consultation and key account assistance.
The group partners with clients to take brands beyond borders, ensuring they are available, visible and promoted to shoppers across the continent. We operate in multiple Southern African countries, with specialist services in five key areas:
Warehousing and distribution
Retail execution and advisory services
Retail support services
Technology and data solutions
Training
The group has an unparalleled distribution network in the region, with our companies closely collaborating to take brands beyond borders.
We have excellent storage solutions, and our distribution network enables us to consistently deliver for our clients, giving them surety that their products are safely stored, maintained and readily available for distribution.
We partner with clients to grow their brands by increasing their market share and volume from the formalised trade right through to the informal market via our cash van operation.
We build on-shelf visibility, optimising brand positioning. CA&S implements category flows and ensures that sufficient stock is on hand and readily available, especially when there is fluctuating demand. We assist in the maintenance of retailer systems and influence sales where we are able to. We have deep local channel knowledge and established, respectful retailer relationships at all levels.
The CA&S team of industry experts and practitioners contains extensive experience across multiple functions spanning retail and manufacturing.
We help clients to develop end-to-endroute-to-market strategies to unlock brand and business potential. We assist with key account management and category plans. Services include data analytics, specialist retail recruitment services, as well as regional and global expansion support.
The group runs shopper marketing campaigns and activates brands across Southern Africa.
Recruited, trained and mentored sales-oriented staff are immersed in clients' brands to ensure that they can educate and promote their benefits and advantages.
Technically skilled point of sale (POS) specialist teams implement POS strategies, building everything from cardboard bins and ad hoc displays to permanent customised stands in steel, glass or wood.
CA&S provides purpose-built, adaptable, end-to-end, cloud based FMCG value chain software solutions and platforms. We have more than 15 years' experience in the sales force automation space, trusted by some of the largest names in the world to deal with the regions deemed most difficult to manage and succeed in.
Our mobile automation solutions encompass everything from sales and invoice generation to stock management, settlements and debtor management, B2B, consumer loyalty and rewards, and integrated mobile payments.
Services include image recognition technology and data management and mining for actionable business insights.
The CA&S solution has assisted large FMCG players and food and beverage distributors to optimise their route to market, implement loyalty and rewards initiatives, and gain visibility within their value chains.
Our clients benefit from well-equipped and motivated work teams. We prepare our employees through capability training that includes accredited customised workplace and online courses.
REVENUE STREAMS (%)
2022
14 2
84
2021
13 2
85
Warehousing and distribution
Retail execution
Other services
INTEGRATED REPORT 2022 | 3 |
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Disclaimer
CA Sales Holdings Ltd. published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 15:21:14 UTC.