THE BIDVEST GROUP LIMITED - The Bidvest Group Limited Investor Day - November 29 2016

The Bidvest Group Limited Investor Day - November 29 2016

THE BIDVEST GROUP LIMITED
(“Bidvest” or “the Company”)
(Registration number 1946/021180/06)
Share code: BVT
ISIN ZAE 000117321


THE BIDVEST GROUP LIMITED INVESTOR DAY - NOVEMBER 29 2016

Shareholders and interested investors are advised that Bidvest will be hosting an investor day
teleconference and pre-close operational update today at 15:00 (SA time). Dial in details for the
teleconference are provided below. An audio recording will be available for replay shortly after the event.

Trading environment
Market conditions remain challenging. Against this backdrop, trading results to date have been
satisfactory if not exciting. The quality of the earnings remains high. The seven South African trading
divisions have performed well in the first quarter of the financial year. This performance has been
counteracted to an extent by declines in horse mackerel and pilchard yields as well as reduced fishing
quotas at Bidvest Namibia and by mark-to-market losses on the investment portfolio in the Corporate
office.

The Bidvest Freight division, Services division and Commercial Products division have achieved good
results and the Financial Services division is performing in line with expectations. The Automotive division
is holding its own despite a challenging market that shows no signs of improvement, while the Office and
Print division continues to experience subdued conditions and the Electrical division continues to face
very difficult trading conditions in its core industries.

Expense control and asset management remain key focus areas and are well controlled.

The Brandcorp acquisition has been approved and has been implemented with effect from 1 October
2016.

Bidvest is one of the largest employers in South Africa with more than 112 000 employees. In light of the
recently announced minimum wage recommendations, Bidvest has undertaken an impact analysis of the
implementation of the minimum wage across its operations. The group is pleased to note that despite its
large workforce, group wages are above these thresholds and the implementation of the current
requirements will have a negligible financial impact on operations.

Prospects

The Group’s financial position remains sound, cash generation continues to be strong and we retain
adequate headroom to accommodate expansion opportunities, both acquisitive and organic.
The macroeconomic environment in South Africa remains a major concern, with no GDP growth expected
for the current year and modest growth at best expected over the medium term. Compounding the
economic situation, is the uncertain socio-political environment that is not conducive for foreign and
domestic investment.

We are actively seeking bolt on acquisitions and exploring international opportunities while our Other
Assets and Investments are constantly being reviewed. These assets will be dealt with appropriately in
due course.

This announcement and any forward looking statements have not been reviewed by the auditors.


Dial in numbers for the teleconference are as follows:

Australia - Toll-Free                               1 800 350 100
Other Countries - International                    +27 11 535 3600
Other Countries - International                    +27 10 201 6800
South Africa - Johannesburg Neotel                  011 535 3600
South Africa - Johannesburg Telkom                  010 201 6800
South Africa - Toll-Free                            0 800 200 648
UK - Toll-Free                                      0808 162 4061


Johannesburg
November 29 2016
Sponsor: Investec Bank Limited

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