Bunzl Plc · LSE:BNZL

Bunzl — Shareholder Meeting (2012)

13 slides from Bunzl's shareholder meeting presentation, 2012

  1. Slide 1: Annual General Meeting 2012

    ANNUAL GENERAL MEETING 2012 -0- 2012 Annual General Meeting

  2. Slide 2: Agenda

    Agenda 1. Business Review and Analysis 2. 2011 Operating Results 3. Strategy 4. Interim Management Statement -1- 2012 Annual General Meeting

  3. Slide 3: Business Area Analysis

    Business Area Analysis Revenue Operating profit* 6% 8% 20% 17% 48% 53% 21% 27% North America Continental Europe UK & Ireland Rest of the World Diversified by geography *Before intangible amortisation and acquisition related and corporate costs -2- 2012 Annual General Meeting

  4. Slide 4: Markets We Serve

    Markets We Serve Other 4% Healthcare 7% Non-Food Retail 8% Grocery 30% Safety 8% Cleaning & Hygiene 14% Foodservice 29% Diversified by customer markets – 80% resilient -3- 2012 Annual General Meeting

  5. Slide 5: Income Statement 2011

    Income Statement 2011 Growth % Constant £m 2011 2010 Reported Exchange Revenue 5,109.5 4,829.6 6 7 Operating profit* 335.7 306.7 9 10 Adjusted earnings per share†(p) 68.5 60.6 13 13 Dividend per share (p) 26.35 23.35 13 *Before intangible amortisation and acquisition related costs †Before intangible

  6. Slide 6: Cash Generation and Utilisation

    Cash Generation and Utilisation Average Cash Conversion* 98% Uses of Free Cash† - 2011 (£m) 110% 103% 102% Reduction in net debt 95% 93% 92% 92% 93% 63 Acquisitions 161 69 Dividends 2004** 2005** 2006 2007 2008 2009 2010 2011 †Free cash flow after disposal and employee share schemes * Operating cash

  7. Slide 7: Overview

    Overview Strong management focus • Winning profitable business • Margin management • Operating cost reductions • Working capital management • Announced ten acquisitions in 2011 Strong overall performance • North America – strong organic growth / operating margin improvement • Continental Europe – ma

  8. Slide 8: Strategy

    Strategy Operating Model Efficiencies GDP+ Acquisition Organic Growth Growth AcquisitionROIC Growth 17.3% Consistent and proven strategy * -7- 2012 Annual General Meeting

  9. Slide 9: Acquisition Growth - 2011

    Acquisition Growth - 2011 Business Acquired Country Sector Revenue* Omega March Australia Horeca £3m* Cannon March UK Cleaning & Hygiene £15m* King España May Spain C&H/Horeca £24m* SIG Safety May UK Safety £25m* Hospitality May Australia Horeca £14m* Depot Netpak July Canada Food Processor £7m* Maj

  10. Slide 10: Acquisition Growth - Track Record

    Acquisition Growth - Track Record 2004 2005 2006 2007 2008 2009 2010 2011 Number of Acquisitions 7 7 9 8 7 2 9 10 Acquisition Spend (£m) 302 129 162 197 123 6 126 185 Annualised Acquisition 430 270 386 225 151 27 154 204 Revenue (£m) 04-05 continuing operations only Average acquisition spend £154m p

  11. Slide 11: Financial Track Record

    Financial Track Record Revenue (£bn) Operating profit (£m) 353 04-05 continuing operations only 5.1 Before amortisation and acquisition 4.8 323 related and corporate costs 312 4.6 297 4.2 04-05 continuing operations only 259 3.6 241 3.3 218 2.9 183 2.4 2004 2005 2006 2007 2008 2009 2010 2011 2004 20

  12. Slide 12: Summary

    SUMMARY -11- 2012 Annual General Meeting

  13. Slide 13: Disclaimer

    Disclaimer No representation or warranty (express or implied) of any nature can be given, nor is 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 presentation is for information

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