Strategic rationale for the acquisitions
Strong growth potential and significant white space opportunity
Superior Food is well positioned to continue its strong growth trajectory both organically and via acquisitions
Track record of network growth and significant pipeline
Large addressable market with significant white space
Superior Food
Superior Food
Superior Food - Number of branches over time
Share of Total Foodservice Market¹
Foodservice (FS) Segment Shares¹
+13 branches
7%
4%
~$21bn
TAM²
General FS
QSR
6%
(+5% CAGR)
21
21
22
23
22
16
16
14
10
10
3%
24%
Shipping
FY16
FY17
FY18
FY19
FY20
FY21
FY22
FY23
Protein
Significant white space opportunity, underpinned by:
✔ Large and growing TAM²
Fragmented market with long-tail of smaller players
✓ Segment level under-penetration in QSR and Protein
Track record of
network growth
Substantial investment under the
previous ownership to grow to
national scale - a trade partner is now
required for optimal value creation
Significant growth
pipeline remaining
Many potential targets identified that
Metcash is well-placed to execute on
Source: Superior Food management estimates. Financial years ended 30 June.
1.
Market share data as at 2023.
2.
TAM refers to the "Total Addressable Market".
Metcash
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
28View entire presentation