Bunzl Investor Day Presentation Deck

CONSISTENT AND PROVEN COMPOUNDING STRATEGY Strong total shareholder returns Organic growth Operational efficiencies Strong returns and cash generation Acquisitions Dividend CAPITAL MARKETS DAY 2021 Driven by economic activity - Bunzl's drivers include exposure to growing sectors, winning new customers, own brand mix and sustainable products Proactive operational efficiency initiatives - Includes, warehouse consolidation, IT systems, delivery route efficiencies - 179 acquisitions in 17 years Attractive pipeline for acquisitions with long runway for growth Commitment to sustainable annual dividend growth Proven track record - - 98% average cash conversion since 2004 - +9% revenue CAGR since 2004 - c.2% organic revenue growth (average 2004-2020) £4.3bn invested in new acquisitions since 2004 28 years of annual dividend growth ROIC well ahead of WACC Adjusted EPS* (p) 31.7 CAGR 11% Dividend per Share (p) 13.3 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 BUNZL CAGR 9% 164.7 54.1 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 72

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