Bid Corporation Limited · JSE:BID
Bid — Investor Presentation (May 2018)
24 slides from Bid's investor presentation, May 2018
Slide 1: London, May 2018
London, May 2018
Slide 2: Inspired by you
©Bidfood Inspired by you
Slide 3: Group Statistics
Group Statistics • Largest distributor in Australia • Operating in Australia since 1995 • 4 dedicated divisions • Foodservice • Fresh • Meat • Imports • Over 50 business units • Over 56,000 products • Over 700 delivery vehicles • 300 dedicates Sales Representatives
Slide 4: Branch locations and regional opportunities
• Located where the majority of the population is • New acquisition in Regional WA • Still opportunities in some large Regional towns
Slide 5: Inspired by you
©Bidfood Inspired by you
Slide 6: Key Economic Indicators
Key Economic Indicators • Population 24.5m • Unemployment rate 5.6% • Economic Growth 2.4% • Inflation 1.9% • Cash rate 1.5%
Slide 7: Our Favourite Graph
Our Favourite Graph 2500 140 120 2000 100 1500 80 Sales EBIT 60 1000 40 500 20 0 0
Slide 8: Fresh
©QBidfood fresh Picked to perfection
Slide 9: Fresh Update
Fresh Update • 6 stand alone facilities • Small part of the total Australian business but important • It has been challenging but we are seeing some really positive things happening • Found some great people • Huge opportunity to leverage off the foodservice customer base • Profitable division
Slide 10: Classic Meats
(Classic meats PROUDLY BIDFOOD
Slide 11: Meat Update
Meat Update • 5 processing facilities that deal direct with the customers • Tough year in 2017 and scored some own goals • Made some mistakes and decisions that in hindsight weren’t correct • Gone through a restructure this year • New Management • Future looks good and exciting • Profitable division
Slide 12: Supply Solutions
Cg supply solutions a
Slide 13: Update
Update • Fantastic division!!! • New name to reflect what the division does • Importing • Own brands • Manufacturing • Profit goes back to the branches through rebates • Largest Supplier to the Foodservice Branches • Import over 2000 containers annually
Slide 14: Inspired by you
©QBidfood Inspired by you
Slide 15: Update
Update • 90% of the Australian profit • 40 branches • Challenging period with branch restructures • Brisbane • Sydney • Melbourne • All branches are profitable • Great performances! • Festival Acquisition • Italian Importer • Alcohol Distributor
Slide 16: Inspired by you
C@Bidfood Inspired by you
Slide 17: Acquisition opportunities
Acquisition opportunities • New Locations • Smaller, more efficient branches • Importing • Home brands • Manufacturing • Meat • A$2b opportunity • Fresh • Aged Care Sector • A$1b food opportunity • Alcohol
Slide 18: New branches
New branches • Branches located closer to the customer • Increase customer penetration in metro areas • Branches more agile and responsive to customer needs • Order turnaround more efficient
Slide 19: Melbourne Region
Melbourne Region: 9,992km2 Melbourne Population: 5.03M Truganina – November 2015 Port Melbourne – March 2017 Clayton Geelong
Slide 20: Sydney Region
Sydney Population: 5.54M Sydney Region: 12,367km2 Sydney Botany – August 2017
Slide 21: Brisbane and Gold Coast Region
Brisbane Region: 15,842km2 Gold Coast Region: 404km2 Brisbane Brisbane Population: 2.4M Gold Coast Population: 571,722 Yatala – July 2017 Gold Coast
Slide 22: Alcohol
Slide 23: Alcohol
Alcohol • Great opportunity with the Festival Acquisition • Rolling it out branch by branch • Exclusive agency lines including imported and local • Free Trade customers including Aged Care customers
Slide 24: Thank You, Questions?