Post on 21-Jan-2016
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