Bunzl Plc · LSE:BNZL
Bunzl — Shareholder Meeting (2011)
14 slides from Bunzl's shareholder meeting presentation, May 21, 2011
Slide 1: Annual General Meeting 2011
ANNUAL GENERAL MEETING 2011 - 0-
Slide 2: Agenda
Agenda 1. Business Review and Analysis 2. 2010 Operating Results 3. Strategy 4. Interim Management Statement - 1-
Slide 3: Business Overview
Business Overview Business to business distribution Sales channel £4.8bn revenue in 2010 Products Wide range of non-food consumable products g brand manufacturers From leading Sourcing Own brands and unbranded products Sourcing centre in Shanghai More than 12 12,000 000 employees Footprint Internati
Slide 4: Business Area Analysis
Business Area Analysis Revenue Operating profit* 6% 7% 19% 25% 54% 50% 21% 18% North America UK & Ireland Continental Europe Rest of the World Diversified by geography *Before intangible amortisation and acquisition related and corporate costs - 3-
Slide 5: Markets We Serve
Markets We Serve Other Healthcare 4% 7% Grocery y Non-Food Retail 31% 8% Cleaning & Safety 20% Foodservice 30% Di Diversified ifi d by b customer t markets k t - 4-
Slide 6: Income Statement 2010
Income Statement 2010 £m 2010% 2009% Growth % Revenue 4,829.6% 4,648.7% 4 % Operating profit* 306.7% 295.7% 4 Adjusted earnings per share* (p) 60.6 % 55.9% 8 Dividend per share (p) 23.35 % 21.55% 8 *Before intangible amortisation and acquisition related costs - 5-
Slide 7: Cash Generation and Utilisation
Cash Generation and Utilisation Average Cash Conversion Conversion* 96% Uses of Free Cash† - 2010 (£m) Acquisitions 103% 102% Dividends Reduction in net debt 95% 93% 92% 92% 93% 9.7 66.1 110.6 2004 2005 2006 2007 2008 2009 2010 †Free cash flow after inflow from employee share schemes * Operating cas
Slide 8: Overview
Overview • Overall strong management focus • New business wins • Margin management • Operating cost reductions • Working capital management • Encouraging performance • N th A North America i – strong t underlying d l i revenue growth th • UK & Ireland – improvement in operating margins • Continental
Slide 9: Strategy
Strategy Organic Growth Operating Model Efficiencies A Acquisition i iti G Growth th Consistent and proven strategy - 8-
Slide 10: Acquisition Growth
Acquisition Growth Business Acquired q Country y Sector Revenue* Clean Care January 10 Denmark Cleaning & Hygiene £6m* Hamo February 10 Denmark Foodservice £4m* Weita March 10 Switzerland All £44m* Silco April 10 Israel Foodservice £11m* Juba May 10 Spain Safety £21m* £21m Global Net July 10 Belgium
Slide 11: Acquisition Growth – Track Record
Acquisition Growth – Track Record 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Number of Acquisitions 4 5 6 2 7 7 9 8 7 2 9 Acquisition Spend (£m) 156 89 77 29 302 129 162 197 123 6 126 Annualised Acquisition 248 112 145 51 430 270 386 225 151 27 154 Revenue (£m) 2000-2005 continuing opera
Slide 12: Financial Track Record
Financial Track Record Revenue (£bn) Operating profit (£m) 323 01-05 continuing operations only 4.8 Before amortisation and acquisition related 312 4.6 297 and corporate costs 4.2 01-05 continuing operations only 259 36 3.6 241 3.3 218 2.9 183 2.3 2.4 171 2.2 158 164 2.1 2001 2002 2003 2004 2005 200
Slide 13: Summary
SUMMARY -12-
Slide 14: Disclaimer
Disclaimer No representation N i or warranty (express ( or implied) i li d) off any nature can be b given, i nor is i any responsibility or liability of any kind accepted, by Bunzl plc with respect to the completeness or accuracy of the content of or omissions from this presentation. This ppresentat