ANNUAL INTEGRATED REPORT 88 Extraordinary people
Our Bidvest promise People Products and services Performance Planet People Our human and intellectual capital is our people s competencies, their experience and business knowledge. Contents Group overview Our Bidvest Promise IFC Our annual integrated report Value creation The world in which we operate 8 Consolidated segmental analysis Financial history Directorate 6 Chairman s review 8 Chief executive s statement Operational reviews 6 Financial overview Financial director s review 5 Governance for a sustainable business 56 Financial statements 58 Shareholders information 57 Shareholders diary 59 Administration 6 Performance Our financial capital comprises 5% international shareholder base, a vote of confidence in Bidvest and its people. Products and services Our social and relationship capital goes to brand reputation and working together with our customers and suppliers to find value adding solutions within their specific industries. Planet We have a low carbon footprint. In our definition of natural capital we continually strive to minimise our environmental impact and leave our planet in good working order for future generations.
Our Group The Bidvest Group Limited consists of four overarching divisions: Annual Integrated Report Provides strategic direction, financial, risk and sustainability management, marketing, investor relations, corporate communications, corporate finance and investments. South Africa The division employs over 8 people and includes a variety of service and product offerings across southern Africa. Market-leading foodservice product distributors in its chosen geographies, operating through strategically located independent business units. Bidvest Namibia is the holding company for Bidvest s interests in Namibia which include fishing and similar commercial businesses to those of Bidvest in South Africa. Contribution to Group revenue 5,7%,%,%,8% Why invest in Bidvest For over a quarter of a century, Bidvest has been reporting superior financial results and creating shareholder returns. By spanning such a broad spectrum of businesses, sustained growth in the short, medium and long term remains possible even during economic downturns. As a global employer of 88 proudly Bidvest people on five continents, Bidvest is aware of its responsibility to its people, their families and their communities. Sustainable business practices underpin our proudly Bidvest promise and the way we do business. Bidvest South Africa Bidvest Foodservice Bidvest Namibia Bidvest Corporate
Value added statement Adding value to our stakeholders Annual Integrated Report % Retained for growth Bidvest has a strong balance sheet and has built momentum with its growth strategy. This momentum should be maintained. David Cleasby, Group FD R8, billion 6% Employees Achieving growth year after year is truly remarkable. Hard-working, dedicated Bidvest people make this happen and I thank them for the effort and energy they put in day by day. Brian Joffe, Group CE R, billion 6 Adding value to stakeholders 6 9 9% Providers of capital Distributions per share* rose 5,8% to 8, cents R, billion 6% Governments Bidvest, in its pursuit of growth, continues to make substantial and growing contributions to the fiscus. David Cleasby, Group FD R, billion Our Bidvest values *Distributions include capitalisation issues at market value Our values We are committed to conducting healthy business practices which support our company values of respect, honesty, integrity and accountability, ensuring a stable employment environment and the ongoing sustainability of Bidvest. We believe in empowering people, building relationships and improving lives. Entrepreneurship, incentivisation, decentralised management and communication are keys drivers. We subscribe to a philosophy of transparency, excellence and innovation in all our business dealings.
Performance Annual Integrated Report Turnover (R billion) Trading profit (R billion) Headline earnings per share (cents) Distributions per ordinary share * (cents) 5 5,5 5, 8,6 9 8 7 6 5 7, 7,7 8,9 8 7,9 56,6 7, 5 9 5 9 8 7 6 5 6, 7, 8, +9,7% Turnover increase to R8,6 billion +6,6% Trading profit increased to R8,9 billion Sustainable growth is the underlying objective of all our businesses and growth by acquisition remains a key component of our strategy. We are strongly capitalised and are well positioned to pursue transaction opportunities whenever and wherever we see value and synergies. Brian Joffe, Group chief executive +,% HEPS increased to 7,9 cents +8,5% Net asset value per share, up to 9 965, cents +5,8% Distributions per share increased to 8, cents* *Distributions include capitalisation issues at market value