Bunzl Investor Day Presentation Deck
OUR APPROACH TO ACQUISITIONS
Well established and consistent model
Key acquisition parameters
Strong discipline selecting the right businesses for Bunzl
B2B
Resilient and
growing
markets
Small % of
total
customer
spend
Goods-not-
for-resale
Fragmented
customer
base
Opportunity
for 'own
label'
products
Consolidated
product
offering
('one-stop-
shop')
CAPITAL MARKETS DAY 2021
Further
market
consolidation
and
synergies
Strong management team
Attractive
financial
returns
(ROIC,
ROACE)
Growth through acquisitions
ANCHOR acquisitions into new geographies and sectors
BOLT-ON acquisitions into existing geographies and
sectors; enables extension of product range and market
consolidation
-
Bunzl operates in a HIGHLY FRAGMENTED INDUSTRY, largely
comprised of FAMILY RUN BUSINESSES
Strong GLOBAL FOOTPRINT supports bolt-on capability and
ability for anchor acquisitions
Growth through acquisitions an EFFECTIVE WAY TO ENTER
new sub-markets and service new customer segments
SELF-FUNDED through Group's strong cash generation
Acquisition growth
Value extracted through:
Purchasing synergies
- Back office integration
-
Warehouse & distribution
efficiencies
- Product range extension
- Sharing best practice.
- Investment infrastructure,
IT & e-commerce
- Sourcing and own brands
- Digital tools
BUNZL
63View entire presentation