London May 2017

Bidcorp Capital Markets Day

▪ New country development

▪ Governance and support of selected Bidcorp Countries / Markets

▪ Global Procurement and Technology initiatives

2

NIGEL BOSWELLCHIEF DEVELOPMENT OFFICER

Bidcorp Capital Markets Day

TODAY’S PRESENTATION

▪ New Zealand

▪ South America

▪ Global Procurement

▪ Global Technology

Technology

New Zealand

Bidcorp Capital Markets Day

NEW ZEALAND

▪ Part of the Australasian Reporting Group

▪ Joined Bidcorp in 2000

▪ NZD 1 Billion Revenue

BACKGROUND

Bidcorp Capital Markets Day

NEW ZEALAND

0

100

200

300

400

500

600

700

800

900

1000

Mill

ion

s N

Z$

1 Billion

SALES 2000 – 2017

Bidcorp Capital Markets Day

NEW ZEALAND

GROWTH

▪ Last 3 years

▪ Average Revenue Growth p.a 11%

▪ Average Profit Growth p.a 19%

▪ The management do not see Bidfood NZ as a mature business

Bidcorp Capital Markets Day

NEW ZEALAND NETWORK

Bidcorp Capital Markets Day

NEW ZEALAND

FOCUS

▪ Free Trade sales growth

▪ Food Manufacturing market

▪ Supply Chain improvement

▪ Processing / Manufacturing

▪ Lions Rugby Tour

38%

28%

21%

13%

Frozen

Ambient

Chilled

Fresh Produce

SOUTH AMERICA

Bidcorp Capital Markets Day

SOUTH AMERICA

OPPORTUNITY

▪ Significant and challenging opportunity

▪ Large Foodservice Market

▪ Fragmented

▪ Roll up and add value

▪ Political and Business environment variable

▪ Excellent progress

▪ Part of the Emerging Market Reporting group

▪ Population 420m

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SOUTH AMERICA

CHILE

▪ First investment November 2011 (Santiago)

▪ New DC’s

▪ New territories

▪ Category extension

Concepcion

Couquenes

La Serena

Vina Del Mar

Bidcorp Capital Markets Day

SOUTH AMERICA

CHILE - GROWTH

▪ Last 2 years

▪ Average Revenue Growth p.a 18%

▪ Average Profit Growth p.a 28%

SALES 2012 - 2017

0

5000

10000

15000

20000

25000

2012 2013 2014 2015 2016 2017

Mill

ion

s C

LP

Bidcorp Capital Markets Day

SOUTH AMERICA

74%

10%

16%

AMBIENT

CHILLED

FROZEN

CHILE

Bidcorp Capital Markets Day

SOUTH AMERICA

BRAZIL

▪ First investment February 2014 (Sao Paulo)

▪ Tough times are over

▪ Strong foundation

▪ First Bolton acquisition November 2016

▪ Big opportunity in the 4th largest Foodservice Market

in the world

Bidcorp Capital Markets Day

SOUTH AMERICA

BRAZIL - GROWTH

▪ Last 2 years

▪ Average Revenue Growth p.a 11%

▪ Average Profit Growth p.a 10%

Mill

ion

s (

R)

0

50

100

150

200

250

2014 2015 2016 2017

SALES 2012 - 2017

Bidcorp Capital Markets Day

SOUTH AMERICA

87%

6%

7%

AMBIENT

CHILLED

FROZEN

BRAZIL

GLOBAL PROCUREMENT

Bidcorp Capital Markets Day

GLOBAL PROCUREMENT INITIATIVE

▪ Leveraging purchasing power of the group

▪ Direct to Manufacturer

▪ Identify the most competitive and sustainable source in the world

▪ Utilisation of global contacts with offices in Asia and Europe

OBJECTIVES

GLOBAL TECHNOLOGY

Bidcorp Capital Markets Day

GLOBAL TECHNOLOGY INITIATIVE

▪ Technology is changing the way we do business

▪ Need to be at the forefront of technological change in the Foodservice Industry

▪ As an offensive and defensive strategy

▪ Enhance service, improve efficiency and reduce costs

▪ Ensure our businesses have robust and flexible ERP systems

▪ Develop foodservice specialised software for competitive advantage

Technology

THANK YOUNigel Boswell