A strong record for total shareholder return

 

Bunzl has a strong track record of performance, which combined with its resilience, growth prospects, cash generation and financial headroom, presents an attractive long-term investment opportunity.

 

Consistent and proven compounding strategy

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Profitable organic growth

We use our competitive advantage to grow market share in a profitable way

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Operating model improvements

We have a daily focus on making our business more efficient

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Acquisition growth

We use our strong balance sheet and excellent cash flow to consolidate our markets further

+9% adjusted operating profit CAGR (04–21)*

Track record

84%

84% of Group revenue is attributable to non-packaging products or packaging products made from alternative materials that are well suited to a circular economy

>180

Acquisitions since 2004

>£4bn

Self-funded committed acquisition spend since 2004

*alternative performance measure

Profitable organic growth

Using our competitive advantage to support the growth of our customers and to increase our market share.

Volume

  • Sell more to existing customers
  • Expand our product range
  • Win new customers
  • Market-leading customers
  • Growing sectors
  • Trend to outsourcing

Price

  • Inflation
  • Market dynamics
  • FX impact

Mix

  • Own brand/imports
  • Manufacturer brands
  • Geographies and sectors
  • Sustainability

Operating model improvements

Small improvements we make every day, everywhere lead to significant progress over time.

Warehousing

  • Consolidation of warehouse footprint
  • Continually evaluate and upgrade facilities including environmental initiatives

 

ERP implementations

  • Warehouse management systems
  • Vehicle routing and safety systems
  • CRM systems

 

Digital capabilities

  • Investment in e-commerce capabilities
  • Focus on digital marketing
  • Opportunity for efficiency gains

 

Sharing best practice

  • Make use of collective resources, experience and expertise
  • Global collaboration

Global purchasing

  • Substantial purchasing synergies with suppliers
  • Benefit from Bunzl Asia sourcing centre based in Shanghai (sourcing, QA and QC)

 

Acquisition growth

We seek out businesses that satisfy key criteria, including having good financial returns often in resilient and growing markets, while at the same time providing opportunities to extract further value as part of the Bunzl Group.

Bunzl Cumulative Committed Acquisition Spend

Acquisition growth

We seek out businesses that satisfy key criteria, including having good financial returns often in resilient and growing markets, while at the same time providing opportunities to extract further value as part of the Bunzl Group.

Bunzl Cumulative Committed Acqusition Spend Mobile