Bunzl Results Presentation Deck
CONSISTENT AND PROVEN COMPOUNDING STRATEGY
Strong total shareholder returns
Organic
growth
Operational
efficiencies
Strong
returns and
cash
generation
Acquisitions
Dividend
2021 FULL YEAR RESULTS
- 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
consolidations, improved IT and
digital solutions and route
planning software that drives
efficiencies
- 183 acquisitions since 2004
Attractive pipeline for
acquisitions with long runway for
growth
Commitment to sustainable
annual dividend growth
Proven track record
+9% revenue CAGR
since 2004
2.5% organic
revenue growth
(average 2004-2021)
98% average cash
conversion since
2004
£4.4bn invested in
new acquisitions
since 2004
29 years of annual
dividend growth
ROIC well ahead of
WACC
Adjusted EPS¹ (p)
31.7
CAGR 10%
Dividend per Share (p)
13.3
04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21
CAGR 9%
BUNZL
162.5
Note: 1. Alternative performance measure
57.0
04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21
27View entire presentation