Glossary of terms and acronyms

Additives and spices category     Ingredients added to food product to enhance the properties of the food product and prolong shelf life (additives) and flavour food product (spices)
Ambient products     Food that can be stored at room temperature, generally about 20°C
Bakery segment     Segment of the group which manufactures and distributes baking ingredients and equipment
B-BBEE     Broad-based black economic empowerment
BFA     Bidcorp Food Africa Proprietary Limited – a company registered in South Africa
BFS (EUROPE)     Bidcorp Foodservice (Europe) – a company registered in the United Kingdom
BF     Bidfood Proprietary Limited, previously Bidvest Foodservice Proprietary Limited – a company registered in South Africa
BFS247     BF’s online ordering platform
BID     Share code for Bidcorp on the JSE
Bidcorp     Bid Corporation Limited – a company registered in South Africa
BidOne     NZ based software development team, previously BluePepper, responsible for the development and maintenance of the group’s
e-commerce customer portal. Accessed globally from any device for online ordering, menu planning, invoicing, sales reports, and
day-to-day customer engagement
Bidvest     The Bidvest Group Limited – a company registered in South Africa
BPC     Bidfood Procurement Community – global procurement company sourcing product for Bidcorp
Brexit     Withdrawal of the United Kingdom from the European Union
Carton-movers     Traditional low margin logistics distribution business
Catering sector     A broad service category that provides food service at a remote site or a site at a hotel, care home, office building etc
Centre-of-plate     The main element of a dish e.g. beef, lamb, pork
Chilled products     Food that is stored at refrigeration temperatures (between 2°C and 4°C)
Contract distribution     Entire order delivered on one truck with freedom to select products, regular timed deliveries
Convenience stores     A small retail business with extended hours which stock grocery and food items
CP     Chipkins Puratos Proprietary Limited, previously Bidvest Bakery Solutions Proprietary Limited – a company registered in South Africa
CFG     Crown Food Group Proprietary Limited, previously Bidvest Food Ingredients Proprietary Limited – a company registered in South Africa
DC     Distribution centre
Direct     Online system for product management and online trading
Direct-to-customer     A business model adopted designed to sell online products direct to customers
DSM     Demand side management
EMS     Environmental management system
Farm gate inflation     Agricultural price inflation
Foodservice sector     The business of being a delivered wholesaler of a broad multi-temperature product range to the catering and hospitality sectors
Four geographic segments     Australasia, United Kingdom, Europe and Emerging Markets
      Bidcorp adopted divisional structure
Free trade     Also referred to as street trade or independent trade
      Standalone customers which are not part of a large conglomerate or holding entity, usually owner managed high-end restaurants
Fresh products/produce     Fresh produce (fruits and vegetables), meat, fish or poultry
Fresh segment     A segment of the foodservice sector that supplies fresh products (as defined above)
Frozen products     Prepared fresh product, packaged and frozen at -18°C for distribution
Gourmet cuisine     A unique group of distributors based in Singapore, Hong Kong and Malaysia which sources and distributes the finest fresh foods and gourmet products across Asia
Group/Consolidated     Bidcorp and all subsidiaries (see Annexure A)
Him Kee Dry goods business     Business in Hong Kong providing specialty dry grocery goods including pastas, cereals, oats, organic cereals and grains, flours, rice, yeast, grains, beans and seeds etc
Horeca     A foodservice distribution channel that includes hotels, restaurants, caterers, cafés and the broader hospitality industry
Hospitality sector     A broad service category that inter alia provides food service at a hospitality unit such as a restaurant, pub, hotel etc
Industrial caterers channel     A provider of catering services to the employees/clients of institutions and factories, the industrial caterer usually has a presence situated on site
Institutional channel     A foodservice distribution channel that includes canteens, hospitals, schools, care homes, prisons etc
Irmãos Avelino     Bidfood foodservices provider and distributor in the Brazilian market
JSE     Johannesburg Stock Exchange Limited
Logistics segment     A segment of the foodservice sector that supplies logistics solutions to large scale food providers and the QSR trade
LTIFR     Lost-time injury frequency rate
Mariusso     Foodservice distributor based in greater São Paulo, Brazil
MoI     Memorandum of Incorporation
National accounts channel     Accounts which have a head office structure with one point of contact for overall account management
Natural casings category     Sheep, hog or beef sausage casings
Non-food products     Collection of non-food items ranging from cleaning products, work clothing to everything needed to create the perfect table setting; eg the DAC “DEDI” range
Nowaco     A leading distributor of frozen and chilled food for the retail, wholesale and Horeca sectors in the Baltics. Own brand Nowaco is a well-known brand of frozen fish in the Baltics; and our own brand NowaMeat and Horeca Exclusive are popular Baltic product ranges
Out-of-home eating     Restaurant and casual dining prepared outside of the home
Own-brands     Also known as home-brands or own manufactured products or private label products. These are products and brands manufactured by Bidcorp and TM registered
Pastry Global     A business selling premium pastry ingredients to the bakery and confectionary sector in Hong Kong and Macau
President products     French dairy brand sold and distributed by Angliss China
Processing segment     A segment of the foodservice sector which manufactures and distributes processed, semi-processed and pre-packaged products
QSR     Quick service restaurant
Ready meals     Pre-packaged frozen or chilled meals
Ready-to-eat     Prepared deli foods supplied by Angliss Macau
Repack products     Repacking of bulk containers of whole produce into smaller quantities
Retail segment     Business which supplies a full-range of products to supermarkets and hypermarkets
R Noone & Son     Manchester based fresh produce supplier to the catering industry
Route trade     Export of food and non-food items by sea or air and sourcing of products required by customers
Shabu-shabu     Japanese nabemono hotpot dish of thinly sliced meat and vegetables boiled in water
Sous Vide products     Quality cuts sealed in airtight plastic bags for slow cooking in water baths or in temperature-controlled steam environments
Voice picking     Accurate, efficient, and effective order picking system implemented in warehouses
Wholesale bakery category     Medium-sized plants which manufacture and sell bakery and patisserie products to artisan bakeries, fast food outlets and retailers and supermarkets for resale to the consumer
Wynne-Williams Flint     Newly acquired Wales based butchery business in the Bidfood UK business