Investor Presentation London, October 2015 South America
Great Potential Large population A culture of eating out Fragmented market Politically and economically volatile South America
Chile
Bidvest Chile now has a strong business foundation. A growth strategy has commenced focusing on geographic expansion and product range extension Result Sales Trading ProfitEBIT 4% Bidvest Chile
Country GDP 2.2% Inflation 4.6% Interest Rate3.0% Population18 million Size756, 000 km² Market Characteristics
Foodservice Industry Market size $US 2.3b Very fragmented Specialised Manufacturer direct supply Santiago share of market 65% Market Characteristics
Started acquisitions 2 foodservice locations 1 bakery 100 staff 900 products 1,100 customers Key Facts
Sales Performance Year
New Santiago DC Current Areas of Focus
New Santiago DC Acquire businesses in new locations Product range development Importing Technology Current Areas of Focus
Challenging Economy Significant market consolidation opportunity Strong 2015/16 start Looking Forward
Brazil
Bidvest Brazil was acquired in March The business is located in Sao Paulo, the largest city and state of Brazil Result Sales Trading Profit EBIT 6% Bidvest Brazil
Country Politically and economically stressed GDP -2.5% Inflation 9.5% Interest rates 14.0% Population 203 million Size 8.5 million km² Market Characteristics
Foodservice Industry Market size US$ 50b 4th largest in the world 20-30% decline Stabilising Very fragmented Specialists Manufacture direct supply Market Characteristics
Well established, excellent reputation 300 staff 7,000 customers 1,200 products Predominantly ambient products Large focus on breakfast and lunch Key Facts
New DC in November Frozen capacity Product range development Increase customer basket Acquisitions Current Areas of Focus
Looking Forward Very challenging economy and market Significant market consolidation opportunity
Thank you