Bunzl Investor Day Presentation Deck
TRANSITION TO NORMALISATION
Expect normalisation in the near-term
Absolute top 8 Covid-19 related revenue¹ (£m)
1,200
1,000
800
600
400
200
0
4,300
3,800
3,300
Note:
1.
1
2.
H119
H2 19
Absolute base business² revenue (£m)
H119
H
H1 20
■Smaller orders
H2 19
H2 20
■Larger orders
H1 20
H121
H1 21 c.5%
lower than
H1 19 level
.11
H2 20
H1 21
Expect sales of Covid-
19 related products to
remain higher than
2019 levels from 2022
onwards
Inflation trends
supportive to base
business recovery
Hygiene products
expected to be
supportive across
sectors, with 20% of
Group sales in
hygiene products in
H1 21
Covid-19 related revenue refers to the revenue generated from the top 8 Covid-19 related products, being masks, sanitisers,
gloves, disinfectants, coveralls, disposable wipes, face shields and eye protection
Base business defined as underlying revenue excluding the top 8 Covid-19 related products
CAPITAL MARKETS DAY 2021
Base business road to normalisation - varying speeds expected
Y!?
Foodservice
Safety
Wide array of
end markets -
slower short-
term recovery
impacted by
inflation in raw
materials and
labour
shortages
Cleaning
& Hygiene
Facilities
management -
cautious on
speed of
recovery
given footfall
in offices
Ongoing
benefit from
deep
cleaning
+
Healthcare
Healthcare
institutions
expect strong
recovery in
elective
surgeries
given backlog
Grocery
Grocery chains -
momentum
maintained
with support
from inflation
Convenience
stores -
recovery will
follow
improved
travel trends
Profitable organic growth
Restaurants
recovering
well as
markets open
Catering -
cautious on
recovery
speed given
return to
work
exposure
Hotels - full
recovery
dependent on
international
travel
North America
food processor
- strong
growth
BUNZL
Retail
Big box and
mall-based
retail -
improved
footfall will
support but
expected
lasting shift to
e-commerce
E-commerce
retail - strong
growth
providing
some offset
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