1. Investor Presentation London, October 2015 South America

2. Great Potential Large population A culture of eating out Fragmented market Politically and economically volatile South America

3. Chile

4. Bidvest Chile now has a strong business foundation. A growth strategy has commenced focusing on geographic expansion and product range extension. 2015 Result Sales Trading ProfitEBIT 4% Bidvest Chile

5. Country GDP 2.2% Inflation 4.6% Interest Rate3.0% Population18 million Size756, 000 km² Market Characteristics

7. Foodservice Industry Market size $US 2.3b Very fragmented Specialised Manufacturer direct supply Santiago share of market 65% Market Characteristics

8. Started 2011 2 acquisitions 2 foodservice locations 1 bakery 100 staff 900 products 1,100 customers Key Facts

10. Sales Performance Year

11. New Santiago DC Current Areas of Focus

12. New Santiago DC Acquire businesses in new locations Product range development Importing Technology Current Areas of Focus

13. Challenging Economy Significant market consolidation opportunity Strong 2015/16 start Looking Forward

15. Brazil

16. Bidvest Brazil was acquired in March 2014. The business is located in Sao Paulo, the largest city and state of Brazil. 2015 Result Sales Trading Profit EBIT 6% Bidvest Brazil

17. 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

19. Foodservice Industry Market size US$ 50b 4th largest in the world 20-30% decline Stabilising Very fragmented Specialists Manufacture direct supply Market Characteristics

20. Well established, excellent reputation 300 staff 7,000 customers 1,200 products Predominantly ambient products Large focus on breakfast and lunch Key Facts

21. New DC in November Frozen capacity Product range development Increase customer basket Acquisitions Current Areas of Focus

22. Looking Forward Very challenging economy and market Significant market consolidation opportunity

23. Thank you