Slide 1: Analysts meeting 28th October 2015
Analysts meeting 28th October 2015
Slide 2: It all started with
It all started with Brixham – Tom & Father from Kingfisher
Slide 3: Fish
Fish • It all started with a ‘passion for fish” • Bidvest purchased Seafood Holdings in 2010 - a business supplying restaurants and caterers across the UK Brill
Slide 4: neve-—/
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Slide 5: Fish
Fish • It all started with a ‘passion for fish” • Bidvest purchased Seafood Holdings in 2010 a business supplying restaurants and caterers across the UK • Our focus is on specialty not volume Plaice
Slide 6: Fumo
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Slide 7: Fish
Fish • It all started with a ‘passion for fish” • Bidvest purchased Seafood Holdings in 2010 a supplying restaurants and caterers across the UK • Focus is on specialty not volume • Sales growth over the last four years has been strong Haddock
Slide 8: Seafood Holdings Sales
Seafood Holdings Sales Seafood Holdings Limited 140 130 120 110 100 90 80 70 2012 2013 2014 2015
Slide 9: Produce begins
Produce begins • In 2012 acquired Oliver Kay - a specialty produce business Potato Grower for Swithenbank
Slide 10: Produce begins
Produce begins • In 2012 acquired Oliver Kay - a specialty produce business • Oliver Kay grows steadily Pink Chinese Mushrooms
Slide 11: Oliver Kay Sales
Oliver Kay Sales 40,000,000 38,000,000 36,000,000 34,000,000 32,000,000 30,000,000 28,000,000 26,000,000 24,000,000 22,000,000 20,000,000 2012 2013 2014 2015
Slide 12: Dairy Begins
Dairy Begins • We create The Rustic Cheese Company, supplying London with specialty cheese. • Sales move from a standing start in 2014 to currently generating at a run rate of £750k
Slide 13: Meat begins
Meat begins • We acquire Campbell Brothers, a specialist butchery in Scotland Campbell Brothers Meat
Slide 14: Meat begins
Meat begins • We acquire Campbell Brothers a specialist butchery in Scotland • Henson’s is acquired in London, a butchery renowned for its salt beef Buccleuch Beef
Slide 15: Meat begins
Meat begins • We acquire Campbell Brothers a specialist butchery in Scotland • Henson’s is acquired in London, a butchery renowned for its salt beef • Sales from both business added to the overall business Henson’s Salt Beef
Slide 16: Meat Sales
Meat Sales 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 Hensons Campbell Bros Meat 3,000,000 2,000,000 1,000,000 - 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1
Slide 17: Fish
Fish • With the acquisition of Campbell Brothers, Campbell Brothers Fish is now set to cover Scotland. Dover Sole
Slide 18: Produce
Produce • With the acquisition of Campbell Brothers, we can now supply produce to Scottish caterers Heritage Carrots
Slide 19: Fish
Fish • We starts our first acquisition into Ireland, McKenna Fish - a small specialist business in Dublin Seabass
Slide 20: Swithenbank
Swithenbank • Bidvest fresh takes over Swithenbank • Refocuses Swithenbank on specialty produce margin • Gives meat businesses greater reach across the country
Slide 21: Bidvest Fresh Today…
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Slide 22: Slide 22
Slide 23: What's left?
What’s left? • Initial penetration into produce and meat minimal and still holds significant growth • Fish addressing new markets with a significant amount of growth potential remaining
Slide 24: Bidvest Fresh Results
Bidvest Fresh Results 200 12.00 180 10.00 160 140 8.00 120 100 6.00 80 4.00 60 40 2.00 20 0 0.00 2012 2013 2014 2015
Slide 25: Questions?
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