Annual Integrated Report 2019

This is Bidcorp About this report IFC – 1 Chairman’s statement 2 – 3 Board of directors 4 – 5 Our food adventure and global offering 6 – 7 Strategy and business model 8 – 9 Unpacking the Bidcorp business model 10 – 15 Bidcorp’s 2019 stakeholders 16 – 17 Leadership review Chief executive’s report 20 – 23 Chief nancial of cer’s report 24 – 27 Divisional reviews Bidfood Australasia 30 – 35 Bidfood United Kingdom 36 – 41 Bidfood Europe 42 – 47 Bidfood Emerging Markets 48 – 53 Bidcorp Corporate 54 – 55 ESG review How we “ESG” our business 58 – 59 How we “ESG” our business – Environment 60 – 61 How we “ESG” our business – Social 62 – 63 How we “ESG” our business – Governance 64 – 65 Financial statements Financial statements 67 – 165 Shareholders’ information 166 – 167 Shareholders’ diary 168 De nitions 168 Glossary of terms and acronyms 169 Administration 170 Contents It’s all about the food, service and technology Bid Corporation Limited Annual integrated report 2019 / 1 Reporting suite We are committed to transparent reporting to our stakeholders. The following reporting frameworks were applied in preparing this report: • The Companies Act, No 71 of 2008, as amended • The Listings Requirements of the JSE Limited • The King IV Report on Corporate Governance for South Africa 2016 • Global Reporting Initiative Framework • International Financial Reporting Standards • International Integrated Reporting Council Integrated Reporting Framework. Approval by the board It is Bidcorp board’s responsibility to ensure the integrity of the annual integrated report. The audit and risk committee and the social and ethics committee acknowledge their responsibility to ensure the integrity of this annual integrated report. The board has accordingly applied its collective mind to the content of the report and in the opinion of the board, believes it addresses all material issues and presents fairly the integrated performance of the organisation and its social and environmental impacts. The Bidcorp board has authorised the annual integrated report for release on October 15 2019. Stephen Koseff Chairman Own brand Chefs Classique extra virgin olive oil, Bidfood South Africa. myBidfood – Bidfood’s online ecommerce platform Employees Suppliers Communities Customers Shareholders Authorities Environment Seven stakeholders Six capitals Cross-reference content within this report Further information available on the company’s website Navigating this report Social and relationship capital Human capital Financial capital Intellectual capital Manufactured capital Natural capital This is Bidcorp