Bunzl plc Insight Event - North America Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Oscar Val Mas - JPMorgan Chase & Co, Research Division - Analyst : I had two questions. The first one on Food Processor and Ag. Can you just give us a sense of how much of that end market is outsourced versus still done in-house? And how does that compare to grocery, for example? So is there still a big opportunity to kind of take share from new outsourcing? That's the first question. And then the second question is going on to Safety. It sounds like all the acquisitions you've done in the last 10 years are still run relatively decentralized. How should we think about the opportunity to build a kind of a bigger integrated Bunzl Safety business in North America? Will those businesses be integrated into a bigger business at some point? And how should we think about kind of benefits from sharing warehouses and sharing sales and back office in the Safety business? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.

Question: Karl Green - RBC Capital Markets, Research Division - Analyst : Organic growth has averaged about 7% over the 2012 to 2022 period. Can you give some approximate indication about what the sort of price volume split has been of that 7%, please? And then the second unrelated question just in terms of the own brand sourcing for North America specifically, how much of that is domestically sourced at the moment versus international sourcing? Jim McCool Okay. So first question, I just want to make sure I heard it correctly. So what was kind of the price volume split between the 7% CAGR growth from 2012 to 2022. And then the second was kind of what's the balance of domestic versus international sourcing. Is that in general or specific to the own brands?