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Investor Presentation London, October 2015 South America South America • Great Potential • Large population • A culture of eating out • Fragmented market • Politically and economically volatile Chile Bidvest 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% Market Characteristics • Country • GDP 2.2% • Inflation 4.6% • Interest Rate 3.0% • Population 18 million • Size 756, 000 km² Market Characteristics • Foodservice Industry • Market size $US 2.3b • Very fragmented • Specialised • Manufacturer direct supply • Santiago share of market 65% Key Facts • Started 2011 • 2 acquisitions • 2 foodservice locations • 1 bakery • 100 staff • 900 products • 1,100 customers Sales Performance Year Current Areas of Focus • New Santiago DC Current Areas of Focus • New Santiago DC • Acquire businesses in new locations • Product range development • Importing • Technology Looking Forward • Challenging Economy • Significant market consolidation opportunity • Strong 2015/16 start Brazil Bidvest Brazil Bidvest Brazil was acquired in March 2014. The business is located in Sao Paulo, the largest city and state of Brazil. 2015 Result Sales Trading Profit EBIT 6% Market Characteristics • Country • Politically and economically stressed • GDP -2.5% • Inflation 9.5% • Interest rates 14.0% • Population 203 million • Size 8.5 million km² Market Characteristics • Foodservice Industry • Market size • US$ 50b • 4th largest in the world • 20-30% decline • Stabilising • Very fragmented • Specialists • Manufacture direct supply Key Facts • Well established, excellent reputation • 300 staff • 7,000 customers • 1,200 products • Predominantly ambient products • Large focus on breakfast and lunch Current Areas of Focus • New DC in November • Frozen capacity • Product range development • Increase customer basket • Acquisitions Looking Forward • Very challenging economy and market • Significant market consolidation opportunity Thank you
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