|
|
|
| Revenue | Trading profit | Funds employed | Employees | Employee
benefits and remuneration |
||||||||||||||||||||||||||||||||||||||||||||||
| Description of business | Incorporating | Operational highlights | R’000 | Proportion % |
Growth % |
R’000 | Proportion % |
Growth % |
R’000 | Proportion % |
Growth % |
Number | Proportion % |
Growth % |
R’000 | Proportion % |
Revenue R’bn | Trading profit R’m | Trading margin % | |||||||||||||||||||||||||||||||
 |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
 |
Corporate Services | The Group’s corporate office, based in Melrose Arch, Johannesburg, provides strategic direction and services to the Group, houses investments, adding value through identifying opportunities and implementing Bidvest’s decentralised and entrepreneurial business model. |
|
18 years, young at heart ► Bidprop trading profits up 18% ► Namsov profit up from R12,6m to R75,9m ► Ontime Automotive now profitable ► Significantly lower investment income – Reclamation Group sold and smaller dividend from Tiger Wheels | 1 295 421 | 1,6 | 10,3 | 108 383 | 3,0 | 17,6 | 1 605 182 | 21,5 | 14,7 | 1 705 | 1,8 | 4,3 | 424 | 5,1 |  |
 |
 |
|||||||||||||||||||||||||||||
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
 |
Bidfreight | Bidfreight is Africa ’s leading private sector freight management company with a presence in every major port in southern Africa. Port operations are reinforced by strong distribution and airfreight capabilities. Bidfreight focuses on terminal operations and logistics in southern Africa, international clearing and freight forwarding and marine services. |
|
Capitalising on Capex ► Upgrades reinforce competitive advantage – capex R227m ► 13% overall increase in profits ► BEE board representation meets target ► Safcor Panalpina’s new facilities at Johannesburg Airport attract business enquiries ► Rennies Ships Agency profits up 10% ► Manica profits up 74% | 15 787 550 | 20,0 | 15,4 | 536 366 | 14,6 | 13,4 | (170 361) | (2,3) | — | 5 334 | 5,7 | (1,7) | 732 | 8,8 |  |
 |
 |
|||||||||||||||||||||||||||||
 |
Bidserv | Bidserv provides South Africa‘s most extensive range of corporate outsourced services. Its brands operate across commerce and industry. Activities include cleaning and specialised industrial cleaning operations, hygiene, laundry and janitorial services, corporate travel and travel-related banking, aviation services and airport handling, office automation, interior and exterior landscaping and electronic procurement. |
|
A shiner ► Revenue up 6% and profits up 21% ► Prestige profits up slightly off a high base ► TMS comes of age with profits up 5-fold ► Laundries profits up 16% ► Steiner Hygiene revenue up 12% and profits up 16% ► IPS orders up ► G. Fox acquisition exceeds expectations ► Top Turf has good order book ► Office Automation profits up 36% ► Travel profits up off depressed base ► Based model results in higher profitability ► Rennies bank new MD appointed ► Rennies Bank Retail enjoys a better second half | 4 587 817 | 5,8 | 6,4 | 554 709 | 15,2 | 21,2 | 846 414 | 11,4 | (1,2) | 54 646 | 58,6 | 1,0 | 2 051 | 24,7 |  |
 |
 |
|||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
Bidvest Europe | Bidvest Europe is western Europe’s leading foodservice company. Its British businesses have good claim to be UK market leaders. As a broadline distributor, Bidvest Europe supplies ingredients, finished products and equipment to the catering and hospitality industries. |
|
Delicious ► Consolidated profits up 22% to £56,9m ► 3663 profits up 13% to £51,5m on a 12% rise in sales ► Deli XL acquired effective September 2005 ► Deli XL – Netherlands : ROFE 19% (vs 3% at acquisition) ► Deli XL – Belgium sales up 15% | 22 132 036 | 28,1 | 49,2 | 651 223 | 17,8 | 22,2 | 950 817 | 12,8 | 122,2 | 8 458 | 9,1 | 54,9 | 2 316 | 27,9 |  |
 |
 |
|||||||||||||||||||||||||||||
 |
Bidvest Australasia | Bidvest Australasia operates as Bidvest First for Foodservice in Australia and as Crean First for Foodservice in New Zealand. It is the industry leader in these markets and the only foodservice company to provide a national service. |
|
Upping the run rate ► Australia (A$) record 3% margin – profits up 28% ► Foodservice profits up 25% ► Foodservice Melbourne profitable and ahead of budget ► Hospitality profits up 63% ► QSR profits up 250% ► New Zealand sales up 26%, profits up 13% ► Fresh division initiative profits up 225% | 6 505 802 | 8,2 | 14,3 | 219 403 | 6,0 | 33,9 | 581 362 | 7,8 | — | 2 278 | 2,4 | 10,8 | 595 | 7,2 |  |
 |
 |
|||||||||||||||||||||||||||||
 |
Bidfood | Bidfood serves the hospitality, leisure and catering markets with a comprehensive range of food products and consumables. The division also manufactures and distributes premixes, food ingredients, spices, seasonings and other products to the bakery, poultry, meat and food processing industries and is represented in all important urban areas and tourist centres across southern Africa. |
|
Gruel(ing) ► Sales up 13% ► Caterplus sales up 12% ► Speciality 22% rise in profits ► Vulcan reduced exports but market buoyant ► Lufil infrastructure being scaled up ► Hotel Amenities new contract wins | 3 666 437 | 4,7 | 12,7 | 299 813 | 8,2 | (5,2) | 562 880 | 7,5 | 18,1 | 4 060 | 4,3 | 5,0 | 369 | 4,4 |  |
 |
 |
|||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
 |
Bid Industrial and Commercial Products | Bid Industrial and Commercial Products is South Africa ’s leading supplier of electrical products and cable, furniture and stationery products, industrial sewing and embroidery machines and market leader in packaging closures, fastenings and tape conversion. |
|
Copper Tone ► Profits
rise 29% ► Electrical
Wholesale profits up 67% ► Versalec
Cables acquired ► Stationery
and furniture profits rise 19% ► Waltons
profits up 18% ► Kolok
good volume growth ► Afcom- GE Hudson profits fall 23% ► Buffalo profits off 13% |
6 742 508 | 8,5 | 18,4 | 483 899 | 13,2 | 28,7 | 1 381 693 | 18,5 | 29,2 | 6 976 | 7,5 | 5,3 | 758 | 9,1 |  |
 |
 |
|||||||||||||||||||||||||||||
 |
Bidpaper Plus | Bidpaper Plus is the South African market leader in print production and value-added fulfilment services. Core competence in business forms manufacture, label production and personalisation and mail is complemented by strategic growth into digital and electronic solutions. The manufacture and distribution of high quality stationery augment an extensive range of services. Bidpaper Plus has a broad national footprint and exports its products and services to markets in Africa and beyond. |
|
Pushing the envelope ► Profits
up 14% ► Silveray
Statmark exciting product initiatives ► Lithotech
decline in traditional business forms ► E-solutions contributed positively ► Lithotech France sold |
2 011 776 | 2,6 | 4,7 | 181 940 | 5,0 | 13,9 | 372 128 | 5,0 | (11,4) | 4 073 | 4,4 | 2,6 | 348 | 4,2 |  |
 |
 |
|||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
 |
Bid Auto | Bid Auto is South Africa’s second largest motor retail organisation, with nationwide representation across more than 100 wholly owned dealerships. Its activities span vehicle import and distribution, new and used vehicle sales, parts and service, financial services and fleet support, vehicle auctioneering, on-line retailing and vehicle and truck rental. McCarthy represents most vehicle marques and is the importer and distributor of all Yamaha products in South Africa. |
|
Ama good good ► Profits
up 31% ► Financial
services profits up 42% ► Best
new vehicle market ever ► Record
49 679 new units, up 20% ► Record
34 714 used units sold, up 12% ► 6
new dealerships ► 500 new jobs ► Fleet Services growing rapidly ► Yamaha diversifies portfolio ► Budget Van Rental launched |
16 197 055 | 20,5 | 18,8 | 621 264 | 17,0 | 30,9 | 1 325 675 | 17,8 | 72,5 | 5 795 | 6,2 | 9,6 | 718 | 8,6 |  |
 |
 |
|||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
The Bidvest Group Limited |
That’s life! ► 20% growth in trading profit (17% organic growth) ► Acquisition of Deli XL ► Record R1,6 billion capex spend ► Dartline sold at significant premium ► Lithotech France sold ► Group reorganisation and board changes | 78 926 402 | 100,0 | 23,0 | 3 657 000 | 100,0 | 20,1 | 7 455 790 | 100,0 | 22,3 | 93 325 | 100,0 | 5,5 | 8 311 | 100,0 | ||||||||||||||||||||||||||||||||||
| Southern Africa | 49 127 806 | 62,3 | 17,9 | 2 783 416 | 76,1 | 16,3 | 5 592 873 | 75,0 | 30,0 | 81 569 | 87,4 | 2,2 | 5 077 | 61,1 | ||||||||||||||||||||||||||||||||||||
| United Kingdom and continental Europe | 23 292 794 | 29,5 | 38,4 | 654 181 | 17,9 | 33,6 | 1 281 555 | 17,2 | 6,2 | 9 478 | 10,2 | 46,3 | 2 639 | 31,7 | ||||||||||||||||||||||||||||||||||||
| Australasia | 6 505 802 | 8,2 | 14,3 | 219 403 | 6,0 | 33,9 | 581 362 | 7,8 | — | 2 278 | 2,4 | 10,8 | 595 | 7,2 | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
