Bunzl Results Presentation Deck slide image

Bunzl Results Presentation Deck

STRENGTH THROUGH THE PANDEMIC Pandemic has highlighted the strength of Bunzl's business model and strategy Financial performance 2021 vs. 2019 ● ● ● ● Revenue +17% higher¹, with underlying revenue² +9% higher¹ Adjusted operating profit³ +23% higher¹ Mix of sector and product revenue provided resilience through the period Average of 102% cash conversion; Free Cash Flow +15% higher at actual exchange rates Two further years of consecutive dividend per share growth Continued strategic progress Almost £1bn of committed acquisition spend over 2020 and 2021 ● ● ● Percentage of digital orders increased from 62% in 2019 to 67% in 2021 84% of Group revenues in 2021 generated by non-packaging products and packaging4 products made from alternative materials Strength of employee engagement with having a strong commitment to Bunzl Launch of sustainability commitments, including net zero carbon ambition Attractive outlook ● Exited 2021 with net debt: EBITDA3,5 of 1.6x compared to target level of 2.0-2.5x Active acquisition pipeline Continued support of Covid-19 related products through transitionary period BUNZL Longer-term attractive sector exposure Notes 1. At constant exchange rates 2. Underlying revenue is a measure of revenue over comparative periods at constant exchange rates, excluding the incremental impact of acquisitions and disposals and adjusted for differences in trading days between years 3. Alternative performance measure - see Appendix 1 4. Packaging refers to packaging and other products within the foodservice, grocery and retail sectors which are facing legislation or consumer pressure 5. At average exchange rates and based on historical accounting standards, in accordance with Group's external debt covenants 2021 FULL YEAR RESULTS 25
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