Bid Corporation Limited · JSE:BID

Bid — H1 F2023 Earnings Presentation

40 slides from Bid's earnings presentation, February 2023

  1. Slide 1: Unaudited results for the half year ended December 31 2022

    hEh/dZ^h>d^ ĨŽƌƚŚĞŚĂůĨLJĞĂƌĞŶĚĞĚĞĐĞŵďĞƌϯϭϮϬϮϮ Notes 1 Bid Corporation Limited Investor Presentation for the half year ended December 31 2022

  2. Slide 2: Bidcorp strategy

    /KZW^dZd'z ǁĞůůͲĞƐƚĂďůŝƐŚĞĚ͕ĨůĞdžŝďůĞ͕ĨŝŶĂŶĐŝĂůůLJƌŽďƵƐƚ͕ĂŶĚƌĞƐŝůŝĞŶƚĨŽŽĚƐĞƌǀŝĐĞďƵƐŝŶĞƐƐŵŽĚĞů ŝĚĐŽƌƉŝƐĂĐŽŵƉůĞƚĞĨŽŽĚƐĞƌǀŝĐĞ ƐŽůƵƚŝŽŶƐĞƌǀŝŶŐĐƵƐƚŽŵĞƌƐĂĐƌŽƐƐϯϱĐŽƵŶƚƌŝĞƐ ŝĚĐŽƌƉƉĞŽƉůĞĂƌĞĞŶƚƌĞƉƌĞŶĞƵƌŝĂů ĂŶĚŝŶĐĞŶƚŝǀŝƐĞĚƚŽďĞƐŽ ŝĚĐŽƌƉƌƵŶƐĂƐĂĚĞĐĞŶƚƌĂůŝƐĞĚŐƌŽƵƉǁŝƚŚďĞƐƚƉƌĂĐƚŝĐĞƐǁŝĚĞůLJƐŚĂƌĞĚ ŝĚĐŽƌƉŐƌŽǁƚŚ ŝƐŽƌŐĂŶŝĐ͕

  3. Slide 3: Agenda

    'E ĞƌŶĂƌĚĞƌƐŽŶ͕K /ŶƚĞƌŝŵƌĞƐƵůƚƐŝŶƉĞƌƐƉĞĐƚŝǀĞ ĞƌŶĂƌĚĞƌƐŽŶ͕K dƌĂĚŝŶŐĂŶĂůLJƐŝƐĂŶĚŽƵƚůŽŽŬ ĂǀŝĚůĞĂƐďLJ͕&K &ŝŶĂŶĐŝĂůĂŶĂůLJƐŝƐ YΘ ^ƵƉƉůĞŵĞŶƚĂƌLJŝŶĨŽƌŵĂƚŝŽŶ hŶĂƵĚŝƚĞĚZĞƐƵůƚƐĨŽƌƚŚĞŚĂůĨLJĞĂƌĞŶĚĞĚĞĐĞŵďĞƌϯϭϮϬϮϮ ϯ Notes 3 Bid Corporation Limited Investor Presentation for the half year ended December 31 2022

  4. Slide 4: Interim results in perspective

    /EdZ/DZ^h>d^/EWZ^Wd/s ĞƌŶĂƌĚĞƌƐŽŶ Notes Bid Corporation Limited Investor Presentation for the half year ended December 31 2022 4

  5. Slide 5: Revenue, trading profit and H1 earnings key results

    ZsEh͕dZ/E'WZK&/d͕E,>/EZE/E'^y,ϭ&ϮϬϮϬ/EZ>dZD^ dƌĂĚŝŶŐŵĂƌŐŝŶϱ͕ϯй;ϰ͕ϳйͿŵĂƚĐŚĞƐ,ϭ&ϮϬϮϬ͕ǁŽƌŬŝŶŐĐĂƉŝƚĂůĐLJĐůĞŚĂƐŶŽƌŵĂůŝƐĞĚŝŶůŝŶĞǁŝƚŚŚŝŐŚĞƌĂĐƚŝǀŝƚLJ &ŝŶĂŶĐŝĂůĂŶĚŽƉĞƌĂƚŝŽŶĂůŚŝŐŚůŝŐŚƚƐ • WŽƐŝƚŝǀĞƚƌĂĚŝŶŐŵŽŵĞŶƚƵŵ͕ϮϱйĐŽŶƐƚĂŶƚ&yƌĞǀĞŶƵĞŝŶĐƌĞĂƐĞ;ůĂƌŐĞůLJŽƌŐĂŶŝĐͿĂŶĞƐƚŝŵĂƚĞĚĐŽŵďŝŶĂƚŝŽŶŽĨƉƌŝĐĞŝŶĨůĂƚŝŽŶ;ϲϬйͿ ĂŶĚǀŽůƵŵĞ;ϰϬ

  6. Slide 6: Trading analysis

    dZ/E'E>z^/^ ĞƌŶĂƌĚĞƌƐŽŶ Notes Bid Corporation Limited Investor Presentation for the half year ended December 31 2022 6

  7. Slide 7: Australasia

    h^dZ>^/ ZĞǀĞŶƵĞZϮϭ͕ϴďŝůůŝŽŶ;нϯϬ͕ϵйŝŶͿ͕ƚƌĂĚŝŶŐƉƌŽĨŝƚZϭ͕ϱďŝůůŝŽŶ;нϱϭ͕ϱйŝŶͿ– ďŽƚŚƵƐƚƌĂůŝĂĂŶĚEĞǁĞĂůĂŶĚĞŶũŽLJĞĚƚŚĞďĞŶĞĨŝƚƐŽĨĂ ŶŽƌŵĂůŝƐĂƚŝŽŶŽĨƚŚĞŽƉĞƌĂƚŝŶŐĞŶǀŝƌŽŶŵĞŶƚ͕ǁŝƚŚĂƐŚĂƌƉƌĞďŽƵŶĚŝŶŚŽƐƉŝƚĂůŝƚLJ h^dZ>^/ ƵƐƚƌĂůŝĂ;hͿ ŝŶĐŽƌƉŽƌĂƚŝŶŐƵƐƚƌĂůŝĂĂŶĚEĞǁĞĂůĂŶĚ • dƌĂĚŝŶŐƉƌŽĨŝƚĞdžĐĞĞĚĞĚ,ϭ&ϮϬϮϬďLJϯϬй;hͿ • ^ĂůĞƐƵƉϯϬй;ƐƉ

  8. Slide 8: United Kingdom

    hE/d</E'KD ZĞǀĞŶƵĞZϮϯ͕ϭďŝůůŝŽŶ;нϮϰ͕ϰйŝŶͿ͕ƚƌĂĚŝŶŐƉƌŽĨŝƚZϵϬϴ͕ϴŵŝůůŝŽŶ;нϱϲ͕ϴйŝŶͿ– ƐĂůĞƐĂŚĞĂĚŽĨĨŽŽĚŝŶĨůĂƚŝŽŶ͕tŚŽůĞƐĂůĞǀŽůƵŵĞƐϰй ŚŝŐŚĞƌ͕ƐŝŐŶŝĨŝĐĂŶƚŶĞǁďƵƐŝŶĞƐƐƐĞĐƵƌĞĚǁŝƚŚĂŶĂĐƚŝǀĞƉŝƉĞůŝŶĞŽĨƚĞŶĚĞƌƐ tŚŽůĞƐĂůĞ͕DĂŶƵĨĂĐƚƵƌŝŶŐ͕ĂŶĚ&ƌĞƐŚ;'WͿ hE/d</E'KD • tŚŽůĞƐĂůĞƐĂůĞƐƵƉϮϱй͕ƚƌĂĚŝŶŐƉƌŽĨŝƚƵƉϱϰйŝŶĂŐŽŽĚƐŝdžŵŽŶƚŚƐǁŝƚŚ Ɖ

  9. Slide 9: Europe

    hZKW ZĞǀĞŶƵĞZϯϭ͕ϲďŝůůŝŽŶ;нϮϵ͕ϰйŝŶͿ͕ƚƌĂĚŝŶŐƉƌŽĨŝƚZϭ͕ϲďŝůůŝŽŶ;нϯϵ͕ϯйŝŶͿ– ǁĞůůĂďŽǀĞ,ϭ&ϮϬϮϬůĞǀĞůŽĨƚƌĂĚŝŶŐƉƌŽĨŝƚǁŝƚŚ ƚƌĂĚŝŶŐŵĂƌŐŝŶƌĞĂĐŚŝŶŐĂƌĞĐŽƌĚϱ͕Ϭй hZKW EĞƚŚĞƌůĂŶĚƐ;hZͿ EĞƚŚĞƌůĂŶĚƐ͕ĞůŐŝƵŵ͕njĞĐŚĂŶĚ^ůŽǀĂŬŝĂ͕WŽůĂŶĚ͕/ƚĂůLJ͕ • ^ĂůĞƐƵƉϰϳй͕ƚƌĂĚŝŶŐƉƌŽĨŝƚƵƉϭϱϮй͕ŵĂƌŐŝŶĞdžĐĞĞĚƐ,ϭ&ϮϬϮϬ ĂůƚŝĐƐ͕^ƉĂŝŶ͕WŽƌƚƵŐĂů͕'ĞƌŵĂŶLJ d

  10. Slide 10: Europe (continued)

    hZKW ZĞǀĞŶƵĞZϯϭ͕ϲďŝůůŝŽŶ;нϮϵ͕ϰйŝŶͿ͕ƚƌĂĚŝŶŐƉƌŽĨŝƚZϭ͕ϲďŝůůŝŽŶ;нϯϵ͕ϯйŝŶͿ– ǁĞůůĂďŽǀĞ,ϭ&ϮϬϮϬůĞǀĞůŽĨƚƌĂĚŝŶŐƉƌŽĨŝƚǁŝƚŚ ƚƌĂĚŝŶŐŵĂƌŐŝŶƌĞĂĐŚŝŶŐĂƌĞĐŽƌĚϱ͕Ϭй WŽůĂŶĚ;W>EͿ ^ƉĂŝŶ;hZͿ • ^ĂůĞƐƵƉϯϬй͕ƚƌĂĚŝŶŐŵĂƌŐŝŶŶĞĂƌůLJĚŽƵďůĞƉƌĞǀŝŽƵƐůĞǀĞůƐ͕ŚŝŐŚĞƌ'WŵĂƌŐŝŶ • ^ĂůĞƐ(Guzman and Igartza) up 15% to €36,2 million, profitabilit

  11. Slide 11: Emerging Markets

    DZ'/E'DZ<d^ ZĞǀĞŶƵĞZϭϱ͕ϯďŝůůŝŽŶ;нϭϬ͕ϱйŝŶͿ͕ƚƌĂĚŝŶŐƉƌŽĨŝƚZϴϵϰ͕ϯŵŝůůŝŽŶ;нϭϯ͕ϬйŝŶͿ– ƚƌĂĚŝŶŐŵĂƌŐŝŶϵϬďƉƐŚŝŐŚĞƌƚŚĂŶŝŶ,ϭ&ϮϬϮϬ DZ'/E'DZ<d^ ^ŽƵƚŚĨƌŝĐĂ;ZͿ ^ŽƵƚŚĨƌŝĐĂ͕'ƌĞĂƚĞƌŚŝŶĂ͕^ŝŶŐĂƉŽƌĞ͕DĂůĂLJƐŝĂ͕ ƌĂnjŝů͕ŚŝůĞ͕ƌŐĞŶƚŝŶĂ͕DŝĚĚůĞĂƐƚ͕dƵƌŬĞLJ • ^ĂůĞƐŐƌĞǁϮϯйĂƚĂŶŝŵƉƌŽǀĞĚƚƌĂĚŝŶŐŵĂƌŐŝŶ͕ŝŶĐůƵĚŝŶŐ:sĂŶĚĂƐƐŽĐŝĂƚĞƐŶĞƚ ŝŶĐŽŵĞŐ

  12. Slide 12: Emerging Markets (continued)

    DZ'/E'DZ<d^ ZĞǀĞŶƵĞZϭϱ͕ϯďŝůůŝŽŶ;нϭϬ͕ϱйŝŶͿ͕ƚƌĂĚŝŶŐƉƌŽĨŝƚZϴϵϰ͕ϯŵŝůůŝŽŶ;нϭϯ͕ϬйŝŶͿ– ƚƌĂĚŝŶŐŵĂƌŐŝŶϵϬďƉƐŚŝŐŚĞƌƚŚĂŶŝŶ,ϭ&ϮϬϮϬ ^ŝŶŐĂƉŽƌĞ;^'Ϳ;ŝŶĐů͘sŝĞƚŶĂŵͿ ƌĂnjŝů;Z>Ϳ • ^ŝŶŐĂƉŽƌĞƐĂůĞƐƵƉϮϱй͕ƚƌĂĚŝŶŐƉƌŽĨŝƚƵƉϲϮй • ĐŚĂůůĞŶŐŝŶŐƉŽůŝƚŝĐĂůĂŶĚĞĐŽŶŽŵŝĐďĂĐŬĚƌŽƉĂĨĨĞĐƚĞĚƐĞŶƚŝŵĞŶƚĂŶĚƐƉĞŶĚ • ,ŝŐŚŐƌŽǁƚŚŝƐƌĞĨůĞĐƚŝŶŐĂƌĞďŽƵŶĚĨƌŽŵ

  13. Slide 13: Outlook

    Khd>KK< • tĞŚĂǀĞƐĐŽƉĞƚŽĐŽŶƚŝŶƵĞƚŽĞdžƉĂŶĚŽƵƌŶĂƚŝŽŶͲǁŝĚĞƌĞƉƌĞƐĞŶƚĂƚŝŽŶŝŶďŽƚŚĐŽƵŶƚƌŝĞƐ ƵƐƚƌĂůĂƐŝĂ • ƵƐƚƌĂůŝĂ– ĂĨƚĞƌĂƉůĞĂƐŝŶŐ,ϭǁĞĂƌĞďƵĚŐĞƚŝŶŐĨŽƌĂŶĞƋƵĂůůLJŐŽŽĚ,ϮĐLJĐůŝŶŐƚŚƌŽƵŐŚƐƚƌŽŶŐĞƌĐŽŵƉĂƌĂƚŝǀĞƐ • EĞǁĞĂůĂŶĚ– ďĞŶĞĨŝƚƚŝŶŐĨƌŽŵďƵŽLJĂŶƚĚŽŵĞƐƚŝĐĚĞŵĂŶĚĂŶĚĂƚŽƵƌŝƐƚƌĞďŽƵŶĚ͕ŝŵƉĂĐƚŽĨĨůŽŽĚƐŚŽƉĞĨƵůůLJůŝŵŝƚĞĚ • tĞĂƌĞƐƵĐĐ

  14. Slide 14: Financial analysis

    &/EE/>E>z^/^ ĂǀŝĚůĞĂƐďLJ Notes Bid Corporation Limited Investor Presentation for the half year ended December 31 2022 14

  15. Slide 15: Fantastic performance across the board

    &Ed^d/WZ&KZDEZK^^d,KZ ƵƌƌĞŶĐLJƚƌĂŶƐůĂƚŝŽŶŝŵƉĂĐƚƐƐůŝŐŚƚůLJƉŽƐŝƚŝǀĞĨŽƌƚŚĞƉĞƌŝŽĚ ,ŝŐŚůŝŐŚƚƐ /d(R’ ďŝůůŝŽŶͿ dƌĂĚŝŶŐƉƌŽĨŝƚ(R’ ďŝůůŝŽŶͿ • &ĂŶƚĂƐƚŝĐŽƉĞƌĂƚŝŽŶĂůƉĞƌĨŽƌŵĂŶĐĞƌĞƐƵůƚƐŝŶĂƌĞĐŽƌĚ,ϭĨŽƌƚŚĞŐƌŽƵƉ;ĂŐĂŝŶƐƚ ƉƌĞǀŝŽƵƐƉƌĞͲKs/ƉĞƌŝŽĚƐͿ͕ĐŽŵƉĂƌĂƚŝǀĞďĂƐĞŝŵƉĂĐƚĞĚďLJKs/ƌĞƐƚƌŝĐƚŝŽŶƐ ŝŶh^͕EĂŶĚE>͕ĂŶĚƚŚĞƐƉƌĞĂĚŽĨKŵŝĐƌŽŶǀĂ

  16. Slide 16: Statement of profit

    ^ddDEdK&WZK&/d KƉĞƌĂƚŝŽŶƐŚĂǀĞŵĂŶĂŐĞĚƚŚĞƐŝŐŶŝĨŝĐĂŶƚƉƌŽĚƵĐƚĂŶĚĐŽƐƚŝŶĨůĂƚŝŽŶǁĞůůƚŽĚĞůŝǀĞƌƌĞĂůŐƌŽǁƚŚŝŶƌĞǀĞŶƵĞƐĂŶĚƉƌŽĨŝƚƐ ,ϭ&ϮϬϮϯ ,ϭ&ϮϬϮϮ ,ϭ&ϮϬϮϬ • ZĞǀĞŶƵĞ↑Ϯϱй;ŝŶĐŽŶƐƚĂŶƚĐƵƌƌĞŶĐLJͿ͖ƐĂůĞƐŝŶĞǀĞƌLJďƵƐŝŶĞƐƐ;ŽƚŚĞƌƚŚĂŶ'ƌĞĂƚĞƌ ŚŝŶĂĚƵĞƚŽKs/ͲƌĞƐƚƌŝĐƚŝŽŶƐͿǁĞůůĂŚĞĂĚŽĨ,ϭ&ϮϬϮϮĂŶĚƉƌĞͲƉĂŶĚĞŵŝĐ Ϯϲй Ϯϯ͕ϲй Ϯϯ͕ϵй Ϯϯ͕ϴй ƉĞƌŝŽ

  17. Slide 17: Cash flows

    ^,&>Kt^ &ƌĞĞĐĂƐŚĨůŽǁƐƌĞĨůĞĐƚƚŚĞŶŽƌŵĂůŝƐĂƚŝŽŶŽĨƚŚĞďƵƐŝŶĞƐƐƚŚƌŽƵŐŚŝŶĐƌĞĂƐĞĚǁŽƌŬŝŶŐĐĂƉŝƚĂůĂŶĚW/E • ĂƐŚŐĞŶĞƌĂƚĞĚĨƌŽŵŽƉĞƌĂƚŝŽŶƐďĞĨŽƌĞǁŽƌŬŝŶŐĐĂƉŝƚĂů↑37йĂƚZϲ͕ϭďŝůůŝŽŶ;,ϭ&ϮϬϮϮ͗Zϰ͕ϱďŝůůŝŽŶͿ • ϭϭϯйŽĨ/dĂŶĚϭϮϲйŽĨƚƌĂĚŝŶŐƉƌŽĨŝƚ;,ϭ&ϮϬϮϮ͗ϭϭϱйŽĨ/dĂŶĚϭϯϯйŽĨƚƌĂĚŝŶŐƉƌŽĨŝƚͿ • EŽŶͲĐĂƐŚŝƚĞŵƐŵĂŝŶůLJĐŽŵƉƌŝƐĞƐŚĂƌĞͲďĂƐĞĚƉĂLJŵĞŶ

  18. Slide 18: Financial position

    &/EE/>WK^/d/KE ^ƚƌŽŶŐĨŝŶĂŶĐŝĂůƉŽƐŝƚŝŽŶŵĂŝŶƚĂŝŶĞĚƚŚƌŽƵŐŚƌŽďƵƐƚŐƌŽǁƚŚƉĞƌŝŽĚ ^ŚĂƌĞŚŽůĚĞƌĞƋƵŝƚLJ;ZΖďŝůůŝŽŶͿ EĞƚĚĞďƚ;ZΖďŝůůŝŽŶͿ • ĂůĂŶĐĞƐŚĞĞƚƐƵƉƉŽƌƚƐďƵƐŝŶĞƐƐĞƐƚŚƌŽƵŐŚƌŽďƵƐƚŐƌŽǁƚŚƉŚĂƐĞ͖ƌĞůŝĂďůĞ ĐĂƐŚĨůŽǁƐĂůůŽǁƐĨůĞdžŝďŝůŝƚLJƚŽĂĐŚŝĞǀĞƐƚƌĂƚĞŐŝĐŐƌŽǁƚŚŽďũĞĐƚŝǀĞƐ͕ŽƌŐĂŶŝĐ͕ ϯϲ͘Ϭ ϲ͘Ϭ ϯϰ͕Ϭ ϱ͘ϱ ĂŶĚĂĐƋƵŝƐŝƚŝǀĞ ϯϰ͘Ϭ ϱ͘Ϭ ϰ

  19. Slide 19: Financial guidance

    &/EE/>'h/E ^ŽƵŶĚĨŝŶĂŶĐŝĂůƉŽƐŝƚŝŽŶƐƵƉƉŽƌƚŝǀĞŽĨĐŽŶƚŝŶƵĞĚŐƌŽǁƚŚ • 'ƌŽƵƉƐĂůĞƐƚƌĂĐŬŝŶŐǁĞůůŝŶƚŽ:ĂŶƵĂƌLJĂŶĚ&ĞďƌƵĂƌLJϮϬϮϯ;ŝŶĐŽŶƚĞdžƚŽĨƐĞĂƐŽŶĂůŝƚLJŽĨEŽƌƚŚĞƌŶ,ĞŵŝƐƉŚĞƌĞǁŝŶƚĞƌĂŶĚŝŵƉĂĐƚŽĨEzŝŶƐŝĂͿ͕ĐŽŶƐƵŵĞƌ ŚŽƐƉŝƚĂůŝƚLJƐƉĞŶĚŚŽůĚŝŶŐƵƉǁĞůůĚĞƐƉŝƚĞƚŚĞĐŽƐƚͲŽĨͲůŝǀŝŶŐŝŵƉĂĐƚƐĂĐƌŽƐƐŵĂŶLJĐŽƵŶƚƌŝĞƐ • Strength of Bidcorp’s financi

  20. Slide 20: Bidcorp is committed to long-term sustainability

    /KZW/^KDD/dddK>KE'ͲdZD^h^d/E/>/dz dŽĞŶƐƵƌĞǁĞƚĂŬĞĂƐŝŐŶŝĨŝĐĂŶƚƐƚĞƉƚŽǁĂƌĚƐŵŝŶŝŵŝƐŝŶŐƚŚĞŝŵƉĂĐƚŽĨŽƵƌĞŶǀŝƌŽŶŵĞŶƚĂůĨŽŽƚƉƌŝŶƚ • ůĞĐƚƌŝĐŝƚLJƵƐĂŐĞ • ĨĨŝĐŝĞŶĐŝĞƐŐĂŝŶĞĚƚŚƌŽƵŐŚŝŶǀĞƐƚŵĞŶƚŝŶƐŽůĂƌƉĂŶĞůƐ͕ƵƐĞŽĨ>ůŝŐŚƚŝŶŐ͕ĂŶĚ ŝŶƐƚĂůůŝŶŐnjĞƌŽͲĞŵŝƐƐŝŽŶƌĞĨƌŝŐĞƌĂƚŝŽŶƐŽůƵƚŝŽŶƐ • ƚ:ƵŶĞϮϬϮϮƚŚĞƌĞǁĞƌĞϮϭĨƵůůLJŽƉĞƌĂƚŝŽŶĂůƐŽůĂƌŝŶƐƚĂů

  21. Slide 21: Q&A

    YΘ Notes 21 Bid Corporation Limited Investor Presentation for the half year ended December 31 2022

  22. Slide 22: Unaudited results for the half year ended December 31 2022

    hEh/dZ^h>d^ ĨŽƌƚŚĞŚĂůĨLJĞĂƌĞŶĚĞĚĞĐĞŵďĞƌϯϭϮϬϮϮ Notes Bid Corporation Limited Investor Presentation for the half year ended December 31 2022 22

  23. Slide 23: Supplementary information: Segmental information

    ^hWW>DEdZz/E&KZDd/KE ^ĞŐŵĞŶƚĂůŝŶĨŽƌŵĂƚŝŽŶ Notes 23 Bid Corporation Limited Investor Presentation for the half year ended December 31 2022

  24. Slide 24: Segmental revenue

    ^'DEd>ZsEh ,ϭ ,ϭ ŽŶƐƚĂŶƚĐƵƌƌĞŶĐLJ R’ million &ϮϬϮϯ ^ŚĂƌĞŽĨŐƌŽƵƉ й &ϮϬϮϮ ^ŚĂƌĞŽĨŐƌŽƵƉ ,ϭ&ϮϬϮϯ й ƵƐƚƌĂůĂƐŝĂ ϮϭϳϱϮ͕Ϭ Ϯϯ͕ϳ ϯϱ͕ϵ ϭϲϬϬϮ͕ϵ ϮϮ͕ϯ ϮϬϵϱϬ͕ϭ ϯϬ͕ϵ hŶŝƚĞĚ <ŝŶŐĚŽŵ ϮϯϭϮϬ͕ϵ Ϯϱ͕Ϯ Ϯϯ͕ϲ ϭϴϲϵϵ͕Ϯ Ϯϲ͕ϭ ϮϯϮϲϯ͕Ϭ Ϯϰ͕ϰ ƵƌŽƉĞ ϯϭϱϴϬ͕ϳ ϯϰ͕ϰ ϯϭ͕Ϭ Ϯϰϭϭϱ͕Ϯ ϯϯ͕ϳ ϯϭϭϵϲ͕ϯ Ϯϵ͕ϰ ŵĞƌŐŝŶŐ DĂƌŬĞƚƐ ϭϱϮϵϱ͕Ϭ ϭϲ͕ϳ ϭϵ͕ϰ ϭϮϴϭϬ͕ϯ

  25. Slide 25: Segmental trading profit

    ^'DEd>dZ/E'WZK&/d ŽŶƐƚĂŶƚ ,ϭ DĂƌŐŝŶ ^ŚĂƌĞŽĨ DĂƌŐŝŶ ^ŚĂƌĞŽĨ ĐƵƌƌĞŶĐLJ R’ million &ϮϬϮϯ й ŐƌŽƵƉ й ,ϭ&ϮϬϮϮ й ŐƌŽƵƉ ,ϭ&ϮϬϮϯ й ŝĚĨŽŽĚ ϰϵϮϱ͕ϴ ϱ͕ϰ ϯϰϮϭ͕ϭ ϰ͕ϴ ϰϳϵϮ͕ϭ ƵƐƚƌĂůĂƐŝĂ ϭϱϰϯ͕ϰ ϳ͕ϭ ϯϭ͕ϴ ϱϳ͕Ϯ ϵϴϭ͕ϱ ϲ͕ϭ Ϯϵ͕ϭ ϭϰϴϲ͕ϱ ϱϭ͕ϱ hŶŝƚĞĚ <ŝŶŐĚŽŵ ϵϬϴ͕ϴ ϯ͕ϵ ϭϴ͕ϳ ϱϱ͕ϴ ϱϴϯ͕ϭ ϯ͕ϭ ϭϳ͕ϯ ϵϭϰ͕ϰ ϱϲ͕ϴ ƵƌŽƉĞ ϭϱϳϵ͕ϯ ϱ͕Ϭ ϯϮ͕ϱ ϰ

  26. Slide 26: Supplementary information: Financial analysis

    ^hWW>DEdZz/E&KZDd/KE &ŝŶĂŶĐŝĂůĂŶĂůLJƐŝƐ Notes Bid Corporation Limited Investor Presentation for the half year ended December 31 2022 26

  27. Slide 27: Consolidated statement of profit or loss

    KE^K>/d^ddDEdK&WZK&/dKZ>K^^ ,ϭ ,ϭ ŽŶƐƚĂŶƚĐƵƌƌĞŶĐLJ R’ million &ϮϬϮϯ й &ϮϬϮϮ ,ϭ&ϮϬϮϯ й ZĞǀĞŶƵĞ ϵϭϳϰϴ͕ϲ Ϯϴ͕ϭ ϳϭϲϮϳ͕ϲ ϴϵϱϲϬ͕ϲ Ϯϱ͕Ϭ ^ĞŐŵĞŶƚĂůƌĞǀĞŶƵĞ • ƵƐƚƌĂůĂƐŝĂ͗ZϮϭ͕ϴďŝůůŝŽŶ;ZŵŽǀĞŵĞŶƚ↑ϯϱ͕ϵй͖>ŽĐĂů&y͗↑ϯϬ͕ϵйͿ͘^ŝŐŶŝĨŝĐĂŶƚĨŽĐƵƐŝƐďĞŝŶŐƉůĂĐĞĚŽŶĚƌŝǀŝŶŐŐƌŽǁƚŚŝŶƚŚĞĨƌĞĞƚƌĂĚĞƐĞŐŵĞŶƚƚŽĐƌĞĂƚĞǀĂůƵĞƚŚƌŽƵŐŚƚŚĞŵĂŶƵĨĂĐƚƵ

  28. Slide 28: Consolidated statement of profit or loss: weekly sales

    KE^K>/d^ddDEdK&WZK&/dKZ>K^^ ůƵĞс&ϮϬϮϯ The illustrations reflect the group’s weekly sales in constant currency for 2021, 2022, and YTD 2023 'ƌĞLJс&ϮϬϮϮ 'ƌĞĞŶ с&ϮϬϮϭ ŵĞƌŐŝŶŐ hŶŝƚĞĚ 'ZKhW hZKW DŽŶƚŚ ƵƐƚƌĂůĂƐŝĂ ƵƌŽƉĞ DĂƌŬĞƚƐ <ŝŶŐĚŽŵ 'ZKhW &ϮϬϮϯйŽĨ&ϮϬϮϮ :ƵůLJ ϭϮϮ͕ϲй ϭϮϴ͕ϭй ϭϮϳ͕Ϯй ϭϰϬ͕Ϭй ϭϮϵ͕ϰй ƵŐƵƐƚ ϭϰϰ͕Ϯй

  29. Slide 29: Consolidated statement of profit or loss: gross profit

    KE^K>/d^ddDEdK&WZK&/dKZ>K^^ ,ϭ ,ϭ ŽŶƐƚĂŶƚĐƵƌƌĞŶĐLJ R’ million &ϮϬϮϯ й &ϮϬϮϮ ,ϭ&ϮϬϮϯ й ZĞǀĞŶƵĞ ϵϭϳϰϴ͕ϲ Ϯϴ͕ϭ ϳϭϲϮϳ͕ϲ ϴϵϱϲϬ͕ϲ Ϯϱ͕Ϭ 'ƌŽƐƐƉƌŽĨŝƚй Ϯϯ͕ϲ ;ϭ͕ϯͿ Ϯϯ͕ϵ ^ĞŐŵĞŶƚĂůŐƌŽƐƐŵĂƌŐŝŶƐ • ƵƐƚƌĂůĂƐŝĂ Ϯϯ͕ϲйĨƌŽŵϮϯ͕Ϯй;,ϭ&ϮϬϮϮͿ • hŶŝƚĞĚ<ŝŶŐĚŽŵ Ϯϯ͕ϯйĨƌŽŵϮϰ͕ϯй;,ϭ&ϮϬϮϮͿ • ƵƌŽƉĞ Ϯϰ͕ϮйĨƌŽŵϮϰ͕ϵй;,ϭ&ϮϬϮϮͿ • ŵĞƌŐŝŶŐDĂƌŬ

  30. Slide 30: Consolidated statement of profit or loss: trading profit

    KE^K>/d^ddDEdK&WZK&/dKZ>K^^ ,ϭ ,ϭ ŽŶƐƚĂŶƚĐƵƌƌĞŶĐLJ R’ million &ϮϬϮϯ й &ϮϬϮϮ ,ϭ&ϮϬϮϯ й ZĞǀĞŶƵĞ ϵϭϳϰϴ͕ϲ Ϯϴ͕ϭ ϳϭϲϮϳ͕ϲ ϴϵϱϲϬ͕ϲ Ϯϱ͕Ϭ dƌĂĚŝŶŐƉƌŽĨŝƚ ϰϴϱϮ͕ϲ ϰϯ͕ϵ ϯϯϳϭ͕ϲ ϰϳϭϴ͕ϭ ϯϵ͕ϵ dƌĂĚŝŶŐŵĂƌŐŝŶƐй ϱ͕ϯ ϭϮ͕ϰ ϰ͕ϳ EŽŶͲ/&Z^ϭϲ/d ϱϰϯϳ͕ϭ ϯϵ͕ϵ ϯϴϵϳ͕ϴ ϱϮϵϰ͕ϳ ϯϱ͕ϴ • KƉĞƌĂƚŝŶŐĐŽƐƚƐĂƐĂйŽĨƌĞǀĞŶƵĞĚĞĐƌĞĂƐĞĚĨƌŽŵϭϵ͕ϮйƚŽϭϴ͕ϯй͘

  31. Slide 31: Consolidated statement of profit or loss: finance costs

    KE^K>/d^ddDEdK&WZK&/dKZ>K^^ ,ϭ ,ϭ ŽŶƐƚĂŶƚĐƵƌƌĞŶĐLJ R’ million &ϮϬϮϯ й &ϮϬϮϮ ,ϭ&ϮϬϮϯ й ZĞǀĞŶƵĞ ϵϭϳϰϴ͕ϲ Ϯϴ͕ϭ ϳϭϲϮϳ͕ϲ ϴϵϱϲϬ͕ϲ Ϯϱ͕Ϭ dƌĂĚŝŶŐƉƌŽĨŝƚ ϰϴϱϮ͕ϲ ϰϯ͕ϵ ϯϯϳϭ͕ϲ ϰϳϭϴ͕ϭ ϯϵ͕ϵ &ŝŶĂŶĐĞĐŽƐƚƐ ;ϰϮϭ͕ϯͿ ;Ϯϵ͕ϴͿ ;ϯϮϰ͕ϲͿ ;ϰϬϰ͕ϮͿ ;Ϯϰ͕ϱͿ • ŽŶƐƚĂŶƚĐƵƌƌĞŶĐLJŶĞƚĨŝŶĂŶĐĞĐŚĂƌŐĞƐ;ĞdžĐůƵĚŝŶŐ/&Z^ϭϲĐŚĂƌŐĞƐͿǁĞƌĞŚŝŐŚĞƌďLJϰϬ͕ϯйĂƚ

  32. Slide 32: Consolidated statement of profit or loss: earnings

    KE^K>/d^ddDEdK&WZK&/dKZ>K^^ ,ϭ ,ϭ ŽŶƐƚĂŶƚĐƵƌƌĞŶĐLJ R’ million &ϮϬϮϯ й &ϮϬϮϮ ,ϭ&ϮϬϮϯ й ZĞǀĞŶƵĞ ϵϭϳϰϴ͕ϲ Ϯϴ͕ϭ ϳϭϲϮϳ͕ϲ ϴϵϱϲϬ͕ϲ Ϯϱ͕Ϭ dƌĂĚŝŶŐƉƌŽĨŝƚ ϰϴϱϮ͕ϲ ϰϯ͕ϵ ϯϯϳϭ͕ϲ ϰϳϭϴ͕ϭ ϯϵ͕ϵ &ŝŶĂŶĐĞĐŽƐƚƐ ;ϰϮϭ͕ϯͿ ;Ϯϵ͕ϴͿ ;ϯϮϰ͕ϲͿ ;ϰϬϰ͕ϮͿ ;Ϯϰ͕ϱͿ ^ŚĂƌĞŽĨƉƌŽĨŝƚŽĨĂƐƐŽĐŝĂƚĞƐĂŶĚ:sƐ ϰϴ͕Ϭ ϱϯ͕ϱ ϯϭ͕Ϯ ϰϳ͕ϴ ϱϯ͕ϭ ,LJƉĞƌŝŶĨůĂƚŝŽŶůŽƐƐ ;

  33. Slide 33: Consolidated statement of financial position

    KE^K>/d^ddDEdK&&/EE/>WK^/d/KE R’ million ,ϭ&ϮϬϮϯ ,ϭ&ϮϬϮϮ &ϮϬϮϮ • /ŶǀĞƐƚŵĞŶƚŝŶWWŝŶĨƌĂƐƚƌƵĐƚƵƌĞ • džƉĂŶƐŝŽŶĂƌLJĐĂƉŝƚĂůŝŶǀĞƐƚŵĞŶƚĂĐĐŽƵŶƚĞĚĨŽƌZϭ͕Ϭ ďŝůůŝŽŶǁŚŝĐŚƌĞůĂƚĞĚƚŽŝŶĨƌĂƐƚƌƵĐƚƵƌĞW/E;ƚŚƌŽƵŐŚƵƉŐƌĂĚĞƐƚŽ;ŽƌŶĞǁͿ EŽŶͲĐƵƌƌĞŶƚĂƐƐĞƚƐ ϰϰϮϭϬ͕Ϭ ϰϬϴϭϲ͕ϯ ϰϬϰϵϯ͕ϭ distribution centres including the fit out of plant a

  34. Slide 34: Net working capital days

    EdtKZ</E'W/d>z^ ϯͲŵŽŶƚŚƌŽůůŝŶŐĂǀĞƌĂŐĞǁŽƌŬŝŶŐĐĂƉŝƚĂůĚĂLJƐ Ks/ŝŵƉĂĐƚĞĚ ϭϯ ϭϰ ϳ ϳ ϭϮ EĞƚĚĂLJƐ ϰϭ ϰϭ ϰϭ ϯϴ ϯϴ ĞďƚŽƌƐĚĂLJƐ ϯϱ ϯϱ ϰϭ ϯϵ ϰϬ ^ƚŽĐŬĚĂLJƐ ;ϲϯͿ ;ϲϮͿ ;ϳϬͿ ;ϲϲͿ ƌĞĚŝƚŽƌƐĚĂLJƐ ;ϳϱͿ ,ϭ&ϮϬϭϵ ,ϭ&ϮϬϮϬ ,ϭ&ϮϬϮϭ ,ϭ&ϮϬϮϮ ,ϭ&ϮϬϮϯ • ϯͲŵŽŶƚŚƌŽůůŝŶŐĂǀĞƌĂŐĞŶĞƚǁŽƌŬŝŶŐĐĂƉŝƚĂůĚĂLJƐĂƌĞŚŝŐŚĞƌĂƚϭϮ͕ϭĚĂLJƐ;,ϭ&ϮϬϮϮ͗ϳ͕ϮĚĂLJƐͿďƵ

  35. Slide 35: Consolidated statement of cash flows

    KE^K>/d^ddDEdK&^,&>Kt^ ,ϭ&ϮϬϮϯ(R’ billion) ,ϭ&ϮϬϮϮ(R’ billion) ĂƐŚŐĞŶĞƌĂƚĞĚĨƌŽŵŽƉƐƉƌĞͲǁĐ ϲ͕ϭ ϰ͕ϱ ;ϯ͕ϭͿ ;ϭ͕ϴͿ tŽƌŬŝŶŐĐĂƉŝƚĂůĂďƐŽƌďĞĚ ;Ϭ͕ϰͿ ;Ϭ͕ϯͿ EĞƚĨŝŶĂŶĐĞĐŚĂƌŐĞƐ ;Ϭ͕ϵͿ ;ϭ͕ϬͿ dĂdžĂƚŝŽŶ ;ϭ͕ϯͿ ;ϭ͕ϯͿ ŝǀŝĚĞŶĚƐƉĂŝĚ ;Ϯ͕ϰͿ ;ϭ͕ϰͿ Cash effects of investment act’s ϭ͕ϳ Ϭ͕Ϯ Cash effects of financing act’s ϰ ϯ Ϯ ϭ

  36. Slide 36: Cash generated by operations, net working capital and cash conversion

    ^,'EZdzKWZd/KE^͕EdtKZ</E'W/d>͕E^,KEsZ^/KE tŽƌŬŝŶŐĐĂƉŝƚĂůǀƐ͘ йĂƐŚĐŽŶǀĞƌƐŝŽŶŽĨ'K йĂƐŚĐŽŶǀĞƌƐŝŽŶŽĨ'K ĂƐŚŐĞŶĞƌĂƚĞĚďLJŽƉĞƌĂƚŝŽŶƐ ďĞĨŽƌĞǁŽƌŬŝŶŐĐĂƉŝƚĂů ĂĨƚĞƌǁŽƌŬŝŶŐĐĂƉŝƚĂů EĞƚǁŽƌŬŝŶŐĐĂƉŝƚĂů ĂƐŚŐĞŶĞƌĂƚĞĚďLJŽƉĞƌĂƚŝŽŶƐ /d dƌĂĚŝŶŐƉƌŽĨŝƚ /d dƌĂĚŝŶŐƉƌŽĨŝƚ Ks//DWd ϵ͕ϵ ϴ͕ϰ ϭϳϬ ϴ͕Ϭ ϭϰϱ ϳ͕ϳ ϭϯϯ ϭϮϲ ϲ͕ϭ ϭϮϭ ϭϮϬ ϱ͕ϰ ϭϭϭ

  37. Slide 37: Gearing (non-IFRS 16)

    'Z/E';EKEͲ/&Z^ϭϲͿ EĞƚŝŶƚĞƌĞƐƚͲďĞĂƌŝŶŐĚĞďƚ;ZΖďŝůůŝŽŶͿ /dŝŶƚĞƌĞƐƚĐŽǀĞƌ;džͿ EĞƚĚĞďƚĐŽǀĞŶĂŶƚ– EĞƚĚĞďƚƚŽďĞůŽǁĞƌƚŚĂŶZϮϳ͕ϮďŝůůŝŽŶ ϭϱ͘Ϭ ϯϬ͘Ϭ Ϯϴ͕Ϭ ϭϯ͘Ϭ Ϯϱ͕ϰ Ϯϱ͕ϳ Ϯϰ͕ϯ Ϯϱ͘Ϭ Ϯϰ͕Ϭ ϭϭ͘Ϭ ϭϵ͕ϯ ϮϬ͘Ϭ ϵ͘Ϭ ϭϱ͕ϴ ϭϲ͕ϴ ϳ͘Ϭ ϭϱ͘Ϭ ϱ͘Ϭ ϭϬ͘Ϭ ϯ͘Ϭ ϱ͘Ϭ ϭ͘Ϭ ϰ͕ϳ ϱ͕ϭ ϱ͕ϲ Ϯ͕ϲ Ϭ͕ϱ Ϯ͕ϰ ϭ͕ϳ ϰ͕ϲ Ͳϭ͘Ϭ &ϮϬϭϵ ,ϭ&ϮϬϮϬ &ϮϬϮϬ ,ϭ&ϮϬϮϭ &ϮϬϮϭ ,ϭ&

  38. Slide 38: Supplementary information: Bidcorp historical results

    ^hWW>DEdZz/E&KZDd/KE ŝĚĐŽƌƉŚŝƐƚŽƌŝĐĂůƌĞƐƵůƚƐ Notes Bid Corporation Limited Investor Presentation for the half year ended December 31 2022 38

  39. Slide 39: Bidcorp historical performance

    /KZW,/^dKZ/WZ&KZDE dƌĂĚŝŶŐŵĂƌŐŝŶ ŶŶƵĂůŽƉĞƌĂƚŝŽŶƐƌĞƚƵƌŶƐй ZK& ZK ϲϮ͕ϴ ϲϭ͕ϳ ϱϰ͕ϵ ϰϵ͕ϰ ϰϮ͕ϯ й ϱ͕Ϭϳ ϱ͕ϭϲ ϱ͕ϭϲ ϱ͕Ϯϵ ϰ͕ϵϳ й ϰ͕ϭϳ Ϯϳ͕ϳ ϯ͕ϲϲ ϯ͕ϯϳ ϮϬ͕Ϭ ϭϲ͕ϲ ϭϲ͕ϭ ϭϲ͕ϯ ϰ͕ϲ ϭϭ͕Ϭ W&ϮϬϭϲ &ϮϬϭϳ &ϮϬϭϴ &ϮϬϭϵ &ϮϬϮϬ &ϮϬϮϭ &ϮϬϮϮ ,ϭ&ϮϬϮϯ &ϮϬϭϴ &ϮϬϭϵ &ϮϬϮϬ &ϮϬϮϭ &ϮϬϮϮ ,ϭ&ϮϬϮϯ ZK&ĞdžĐůƵĚĞƐĨƌĞĞŚŽůĚƉƌŽƉĞƌƚLJ ,ĞĂĚůŝŶĞĞĂƌŶŝŶŐƐ

  40. Slide 40: Unaudited results for the half year ended December 31 2022

    hEh/dZ^h>d^ ĨŽƌƚŚĞŚĂůĨLJĞĂƌĞŶĚĞĚĞĐĞŵďĞƌϯϭϮϬϮϮ Notes Bid Corporation Limited Investor Presentation for the half year ended December 31 2022 40

Bid — H1 F2023 Earnings Presentation on 6ix