Annual Integrated Report 2019

We are pleased to present our 2019 annual integrated report. This is our primary report to our shareholders and other stakeholders. This report should be read together with the information available on the Bidcorp website www.bidcorpgroup.com . – is a complete foodservice offering – serves multiple customer segments – is internationally diversified across developed and emerging markets – people are entrepreneurial and incentivised to be so – has a proven decentralised business model and best practice learnings are widely shared – growth is organic, acquisitive-organic through bolt-ons, and acquisitive – believes that balance sheet strength with low debt is a strong competitive advantage – proprietary technology enhances customer relationships and efficiencies Scope and boundary The Bidcorp annual integrated report for the year ended June 30 2019 reports consolidated information gathered from the global spread of the group’s divisions. Bidcorp’s geographic reach spans over 35 countries on ve continents. Due to the expanse of local geographic regulations, we only include limited material sustainability information in the annual integrated report. Additional information is available on request. In line with the guidelines from the Integrated Reporting Committee of South Africa, we have incorporated the relevant six capitals as a platform to inform this review, while striving for concise, relevant reporting. For more information see page 1 and pages 30 to 55 There has been no material change in the scope and boundary of this report compared to the prior year. Financial performance We have provided a full set of Bidcorp’s audited 2019 annual nancial statements (AFS) in this report in accordance with the recognition and measurement criteria of International Financial Reporting Standards. For more information see pages 67 to 165 Assurance We have adopted the principles of King IV TM * on corporate governance thereby recognising the board, board committees, management, internal assurance providers and external assurance providers as key assurance role players in ensuring that the business continues to have an effective control environment and a strong ethical climate. REPORTING INTEGRITY ASSURANCE Management Independent assurance providers Internal and external audit The board is ultimately responsible for combined assurance by setting the direction concerning the arrangements for assurance services and functions. For more information see pages 58, 59, 64 and 65 Materiality The Bidcorp board has considered the legitimate interests of all our key stakeholders in determining information that is considered to be material for inclusion in this report. We aim to demonstrate the connectivity between our strategy, business model, stakeholder interests and concerns as well as our risks and opportunities analysis. The material issues are monitored by management on an ongoing basis and have been reported herein. For more information see pages 8 to 17 Forward looking statements The annual integrated report may contain statements regarding the future nancial performance of the group and speci c businesses, which may be considered to be forward looking statements. By their nature, forward looking statements involve risk and uncertainty, and although we have taken reasonable care to ensure the accuracy of the information presented, no assurance can be given that such expectations will prove to have been correct. * King IV™ – Copyright and trademarks are owned by the Institute of Directors in Southern Africa NPC and all of its rights are reserved. Own brand sh portions, Bidfood Czech.

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