Bunzl Full-Year Report 2022

Financial Highlights

• Revenue £12,039.5m (2021: £10,285.1m) +9.8%* Growth at actual exchange rates 17.1%
• Adjusted operating profit*£885.9m (2021: £752.8m +11.1%* Growth at actual exchange rates 17.7%
• Operating profit £701.6m (2021: £623.3m) Growth at actual exchange rates 12.6%
• Adjusted earnings per share* 184.3p (2021: 162.5p) +7.0%* Growth at actual exchange rates 13.4%

Robust performance

• 11.1% adjusted operating profit growth year-on-year

Inflation

• Successful management of product cost inflation through implementing price increases was strongly supportive to our growth in 2022
• Operating cost inflation more than offset by revenue growth driven by product cost inflation, and operational efficiencies • Inflation dynamics somewhat supportive to operating margin