investor presentation london, october 2015 south america
TRANSCRIPT
![Page 1: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/1.jpg)
Investor PresentationLondon, October 2015
South America
![Page 2: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/2.jpg)
• Great Potential
• Large population
• A culture of eating out
• Fragmented market
• Politically and economically volatile
South America
![Page 3: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/3.jpg)
Chile
![Page 4: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/4.jpg)
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
![Page 5: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/5.jpg)
• Country
• GDP 2.2%
• Inflation 4.6%
• Interest Rate 3.0%
• Population 18 million
• Size 756, 000 km²
Market Characteristics
![Page 6: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/6.jpg)
![Page 7: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/7.jpg)
• Foodservice Industry
• Market size $US 2.3b
• Very fragmented
• Specialised
• Manufacturer direct supply
• Santiago share of market 65%
Market Characteristics
![Page 8: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/8.jpg)
• Started 2011
• 2 acquisitions
• 2 foodservice locations
• 1 bakery
• 100 staff
• 900 products
• 1,100 customers
Key Facts
![Page 9: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/9.jpg)
![Page 10: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/10.jpg)
Sales Performance
Year
![Page 11: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/11.jpg)
• New Santiago DC
Current Areas of Focus
![Page 12: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/12.jpg)
• New Santiago DC
• Acquire businesses in new locations
• Product range development
• Importing
• Technology
Current Areas of Focus
![Page 13: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/13.jpg)
• Challenging Economy
• Significant market consolidation opportunity
• Strong 2015/16 start
Looking Forward
![Page 14: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/14.jpg)
![Page 15: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/15.jpg)
Brazil
![Page 16: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/16.jpg)
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
![Page 17: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/17.jpg)
• 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
![Page 18: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/18.jpg)
![Page 19: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/19.jpg)
• Foodservice Industry
• Market size
• US$ 50b
• 4th largest in the world
• 20-30% decline
• Stabilising
• Very fragmented
• Specialists
• Manufacture direct supply
Market Characteristics
![Page 20: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/20.jpg)
• Well established, excellent reputation
• 300 staff
• 7,000 customers
• 1,200 products
• Predominantly ambient products
• Large focus on breakfast and lunch
Key Facts
![Page 21: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/21.jpg)
• New DC in November
• Frozen capacity
• Product range development
• Increase customer basket
• Acquisitions
Current Areas of Focus
![Page 22: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/22.jpg)
Looking Forward
• Very challenging economy and market
• Significant market consolidation opportunity
![Page 23: Investor Presentation London, October 2015 South America](https://reader035.vdocuments.net/reader035/viewer/2022070415/5697bfd61a28abf838cade31/html5/thumbnails/23.jpg)
Thank you