Investor PresentationLondon, 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.

2015 Result

Sales Trading Profit EBIT 4%

Bidvest Chile

• Country

• GDP 2.2%

• Inflation 4.6%

• Interest Rate 3.0%

• Population 18 million

• Size 756, 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 2011

• 2 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 2014.

The business is located in Sao Paulo, the

largest city and state of Brazil.

2015 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