1. New Zealand Investor Presentation London, October 2015

2. Statement to explain the Business Bidvest New Zealand is the market leading wholesale distributor of food and associated products to the Foodservice Industry The business is organised into three divisions: Foodservice, Fresh and Processing 2015 Result Sales 11% Trading Profit 13%

3. Economic Overview Statistics GDP 3% Unemployment 5.7% Inflation 0.4% Interest rate 2.75% Trends Population growth Tourism strong Government in surplus Outlook: OVERALL POSITIVE

4. Our Business Customer Culture Commercial Suppliers Simplify our customers lives Make it easy to buy Lead time Product range Frequency Technology

5. Our Business CustomerCulture Commercial Suppliers Respect them – they are our allies Find the most competitive source Importing and terms Customer support Marketing Technology

6. Our Business CustomerCulture Commercial Suppliers Efficiency Accuracy Service

7. Our Business Customer Culture Commercial Suppliers Single most valuable asset Care Work hard for each other Connected Our colleagues are our friends

8. Bidvest in New Zealand Large market share 3m + Transactions /p.a Inventory days 23 Receivable days 28 Payable days 50 Cash generated $32m/p.a 30 Businesses 60 000 Square meters of DC 370 Trucks 1,500 Staff 20,000 Products 17,000 Customers 1,000 Suppliers

9. 15 Year Performance

10. Market Segmentation Restaurant & Cafes QSR Institutions

11. Market Segmentation Customer Examples HotelsCaterersInstitutionsQSROilAged Care AccorCompassHospitalsSubwaysBPBupa HiltonSpotlessCorrectionsDominosCaltex LSGDefence

12. Market Segmentation Meat Fruit & Vegetables Dairy

13. Areas of development Culture of continual improvement Technology

14. Areas of development Imports Own Brand

15. Areas of development Category Development – Specialists MeatFruit and VegePackagingSeafood

16. Areas of development Category Development – Specialists – Vertical Integration

17. Areas of development

18. Looking Forward Trends are Positive Foodservice growing Tourism strong NZ perfectly located Good business momentum

19. Looking Forward

20. Trends are Positive Foodservice growing Tourism strong NZ perfectly located Good business momentum Strong 2015/16 Start

21. Thank you