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Appendix 1

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Appendix 1

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    1. 1 Appendix 1 Geographic and Segmental Revenue and Trading Profit

    2. Geographic Revenue and Trading Profit splits 2

    3. 3

    4. 4 Appendix 2 Divisional Results

    5. 5 Bidfreight – Abating activity

    6. 6 Bidfreight – Abating activity Results IVS returned a particularly strong result; together with a good contribution from Marine, Bulk, and Manica Debtors being carefully monitored Mixed progress with NPA lease negotiations Safcor Panalpina: profits up 7%; Airfreight volumes fall 15%, Seafreight flat; customer base under pressure Marine: profits up 12% driven by higher vehicle export and improved port volumes RDS: profits reduced by 12%, volumes weak across all categories SACD: profits up 3%, export volumes weaken IVS: profits up 7%; increased capacity utilisation; replacement tanks coming on stream Bulk Connections: profits up 15%; satisfactory trading but manganese exports reduced in Q2. Durban lease being negotiated

    7. 7 Bidfreight – Abating activity

    8. 8 Bidserv – Cleaning up

    9. Bidserv – Cleaning up Results Profitability at an all time high Bank and Industrial achieve exceptional results Prestige: profits up 7% despite double digit wage increases across the industry TMS: profits up 17% but petroleum industry under pressure. Saudi business, which opened for business in December, audited and accredited as a preferred supplier Laundries: profits up 4%; hospitality industry experiencing major declines in occupancy; motor industry redundancies will affect garment rental results in future; competitor stress Steiner: result flat; management restructuring undertaken Security: Provicom made a loss, significant projects put on hold by customers; both Magnum and Vericon did very well; Global Payment Technologies: profits more than doubled and the outlook is promising; international distribution agreement with Talaris (previously known as De la Rue) provides diversification Top Turf: profits down 15% but within budget as business consolidated and stabilised at a time when project activity is declining

    10. 10 Bidserv – Cleaning up

    11. 11 Bidvest Europe – Gruelling

    12. Bidvest Europe – Gruelling

    13. Bidvest Europe – Gruelling

    14. 14 Bidvest Asia Pacific – All shoulders at the wheel

    17. 17 Bidfood – growing the basket in hard times

    18. Bidfood – growing the basket in hard times Results Strategy to grow market share though expanded variety, higher average spend per customer and higher average value per drop is paying off as trading environment tightens Caterplus: profits up 17%; expense control and cash flow pleasing; capacity constraints hindered growth but new facilities are being rolled out; strict credit policy paying off; asset management tight Speciality: spending in the higher income category is under pressure; customers are price resistant and selective; own-brand Goldcrest grew sales 28% and now accounts for a quarter of sales; the range continues to be expanded and product promotion is vigorous; stock availability and visibility is key

    19. 19 Bidfood – growing the basket in hard times

    20. 20 Bid Industrial and Commercial Products – Cooling

    21. Bid Industrial and Commercial Products – Cooling Results Profits remain relatively good in prevailing economic conditions but there was a cooling off in the electrical businesses; Waltons and Kolok performed very well Electrical Wholesaling: Voltex profits declined 5%; the copper price fell by over 40%, precipitating a fall in inventory levels; customers experience shrinking orders; infrastructure and energy markets prioritised; cost-cutting continues Stationery & Furniture: stationery put in a strong performance but furniture was weak and management actions are in place to ensure rectification Waltons profits up 16%; store openings and refurbishment continued; retail sector weak; “back-to-school” yielded positive results Kolok profits more than doubled, assisted by a weaker currency; focus on eliminating low-margin business Internal challenges and a few own goals hindered Furniture; however, product offering is competitive

    22. 22 Bid Industrial and Commercial Products – Cooling

    23. 23 Bidpaper Plus – Silveray provides the light

    24. 24 Bidpaper Plus – Silveray provides the light Results Improved results from stationery distribution, labels and packaging (now including Rotolabel), and the consolidated label factories in Gauteng Traditional print was weaker and the laser and mail business grew profits marginally Stationery grew market share, with Croxley regaining prominence Business linked to retail market suffered Labeling & Packaging affected by downturn, particularly in luxury items, but other sectors are being pursued successfully Laser and mail on track to deliver on growth Strategic imperatives & prospects Innovation a focal point as are export opportunities Diversity and mix of traditional and new technologies should support results

    25. 25 BidAuto – Hard driving

    26. BidAuto – Hard driving Results Slump in vehicle sales was substantially worse than forecast, resulting in the division being unable to hold to an objective of maintained profits Timely diversification into fleet management paying off Motor Retail profits down 90% after R30m closure costs - down 70% excluding the charge Used vehicle sales up 11.7% to 23 523 units and new unit sales down 24.2% to 17 730 units Burchmore’s produced pleasing results due to an increase in bank repossessions and the success of its “wholesale to the public” marketing programme Parts and service remained firm ICU committee formed to monitor loss-making dealers; Meiya discontinued Many customers unable to procure financing due to stricter credit granting criteria and NCA impact

    27. 27

    28. 28 Corporate – Bricks & Fish

    29. Results Bidvest Namibia profits up more than four fold Namsov benefited from better catches, firmer prices and a weakening currency. All other businesses performed as expected. The listing of Bidvest Namibia is now anticipated to take place in the fourth quarter of 2009. Bidvest’s strategic property holdings, worth significantly more than book value, continue to be well managed and grow Volume transport business in UK-based Ontime Automotive exited, depots rationalised within Rescue and Recovery and a major Parking Solutions contract wound down. A slowdown in the prestige vehicle market adversely affected Specialist Transport Enviroserv investment sold for a profit of R391.8m Corporate – Bricks & Fish

    30. 30 Appendix 3 Historic Performance

    31. 31 We’re very happy with these results. They’ve yielded a performance ahead of our expectations, in some measure assisted in H2 by economic factors such as a slightly weaker exchange rate and improved exports/imports?? Bidcorp improved from: a loss of R19,3m in H1 2004 to a profit of R5,4m in H1 20051 a loss of R2,6m in H2 2004 t a profit of R11m in H2 2005 Clearly a business of this size and diversity will experience structural changes which will influence whether some businesses perform better or worse than others. There are still some issues which require attendtion, such as: Rennies Bank up 32% in H1 vs up 12% in H2; Rennies Travel (incl group services & share of corporate overhead): Down 27 in H1 vs down 44% in H2 Volulme Distribution in Bidcorp - explain …..? and Lithotech France in Bidoffice, where action needs to be taken Also, some businesses such as …., have not yet fully adapted to deflationary pressures????? Note: BJ received huge credit for clearly identifying the underperformers in the last presentation – needs to carry on in this manner. Also need to address the fact that no asset realisations have taken place yet. We’re very happy with these results. They’ve yielded a performance ahead of our expectations, in some measure assisted in H2 by economic factors such as a slightly weaker exchange rate and improved exports/imports?? Bidcorp improved from: a loss of R19,3m in H1 2004 to a profit of R5,4m in H1 20051 a loss of R2,6m in H2 2004 t a profit of R11m in H2 2005 Clearly a business of this size and diversity will experience structural changes which will influence whether some businesses perform better or worse than others. There are still some issues which require attendtion, such as: Rennies Bank up 32% in H1 vs up 12% in H2; Rennies Travel (incl group services & share of corporate overhead): Down 27 in H1 vs down 44% in H2 Volulme Distribution in Bidcorp - explain …..? and Lithotech France in Bidoffice, where action needs to be taken Also, some businesses such as …., have not yet fully adapted to deflationary pressures????? Note: BJ received huge credit for clearly identifying the underperformers in the last presentation – needs to carry on in this manner. Also need to address the fact that no asset realisations have taken place yet.

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