Bunnings UK & Ireland Property Formats & Network

The Bunnings Story

We are the leading retailer of home improvement and outdoor products, a major supplier to project builders, commercial tradespeople and the housing industry and trusted household name in Australia and . Operating from a network of large warehouse stores, smaller format stores and trade centres across Australia and New Zealand, Bunnings caters for consumer and commercial customers. • Cornerstone brand • Smaller format • Specialised ‘DIFOT’ was acquired In February 2016, Bunnings acquired and now operates Homebase, the second largest home improvement and garden • Large format, • Acquisition and format as a platform to build a retailer in the UK and Ireland. The Homebase acquisition delivered an established and scalable platform of stores to build continually evolving greenfield • Narrow and new Bunnings business a Bunnings branded business. £500 million was allocated at acquisition to launch the Bunnings brand over the next 3 to • Low cost, warehouse • Highly flexible deep ranging • Right sized and well 5 years. This investment has already commenced with the successful opening of stores in St Albans, merchandising • Regional and • Builds customer located stores Hemel Hempstead, and Folkestone. • Flexible footprint metro markets relationships • Latent capability including multi-level • and commercial • Lowest cost for warehouse Bunnings is a division of Limited, a leading ASX 100 listed company (ASX: WES). In addition to the • Retail and commercial customers • Commercial ‘delivered’ merchandising and low Bunnings business, Wesfarmers owns and operates a number of other businesses such as supermarkets (Coles), discount customers market cost operating model retailing (Target, Kmart), office supplies () and industrials (Resources, Industrial and Safety, Chemicals, Energy and Fertilisers). Wesfarmers has a market capitalization of c. A$45 billion and over 200,000 employees. Store Network Location as at 30 June 2017 Australia & New Zealand (BANZ) UK & Ireland (BUKI) Warehouse Stores Smaller Format Stores Trade Centres Bunnings Warehouse Homebase Stores Total 249 77 33 Total 4 251 The “Bunnings Warehouse” brand has Bunnings UK & Ireland been built on three strategic pillars: Bunnings are focussed on improving and growing the network of stores and will continue to acquire suitable sites for new stores and relocations across the UK and Ireland. We are willing to explore all opportunities including the purchase of freehold or leasehold, developer led schemes and existing or new retail units. General site requirements include: • 40,000 to 60,000 sqft with a of 10,000 – 20,000 sqft and sufficient dedicated parking spaces. London stores considered from 10,000 sqft. • Prominent sites with high visibility from pass through traffic on main Widest Range Lowest Price Best Service roads and easy access and egress. Bunnings Warehouses stock Our policy is lowest prices are In Australia and New Zealand • Properties are located in highly populated areas (>30,000) for both around 45,000 products. just the beginning, and we’re Bunnings employs over 40,000 the short and long term. An expanded range is available committed to it. We don’t pretend team members, many of whom Richard Stanton Sharon Gilchrist through the Bunnings Special to be the lowest at every instant on have a trade background to • Freehold or leasehold. Scotland South / East & West Orders service. everything, which is why we offer provide customers with expert • Potential relocation sites considered as well as new locations. every customer a Price Guarantee. advice. A further 12,000 team North Stephanie Kan members are employed by For any enquiries relating to property including store estate matters Homebase in the UK and Ireland. and new store opportunities, please contact the Property team at Midlands & Wales London [email protected] Ireland & Northern Ireland Business Evolution

1886 1952 1989 1993 1994 2001 2016 2017 Today Arthur and Robert Bunning Bunnings expand in the WA Bunnings purchase Alco Bunnings purchase Bunnings open their first Bunnings Purchased the BBC Hardware Purchased Homebase network in The first store in St Albans, Bunnings continues to expand its operations arrive in . market, adding building Handyman operations in McEwans Ltd in and Warehouse in the network including UK and Ireland. Hertfordshire, UK opens. with new warehouses smaller format stores Bunning Bros Pty Ltd is supplies to the existing WA and merge operations enabling market and Wesfarmers go to and Benchmark stores in Australia and trade centres throughout Australia, founded. Soon after they timber business; became to significantly increase expansion of operations to 100% ownership. and New Zealand allowing New Zealand, UK and Ireland. purchase their first sawmill. a public company and the exposure to the D.I.Y. market. the east coast. Bunnings to expand internationally leading supplier of WA into the New Zealand market. hard woods to the housing construction industry.

Community Employment Bunnings are highly active in the communities we inhabit and has a long history of Bunnings currently employs over 12,000 team members within the UK and Ireland. working in local communities. In Australia and New Zealand, Bunnings helped raise These numbers are expected to grow significantly as we convert existing Homebase and contribute more than A$37 million for local community groups. Bunnings is keen stores and invest in new site opportunities. Bunnings aims to recruit team members to replicate this commitment in the UK and Ireland and this is demonstrated with the from within the local communities. Jobs range from Team Members to Co-ordinator to most recent Bunnings Warehouse openings. Between February and June 2017, the Complex Manager. Bunnings currently employs between 50 to 100 team members in four Bunnings Warehouse pilot stores helped raise and contribute more than £30,500 each of the Bunnings Warehouses and offer significant training and development courses and participated in and supported over 35 community activities. A number of local for team members to attend and develop. Bunnings are a fair and community-focused community organisations such as schools, hospices, emergency services and youth employer, paying the National Living Wage for all team members aged 18+. groups were supported through activities including fundraising sausage sizzles, hands-on projects, local fundraising initiatives and product contributions. [email protected]

Witan Gate House, 500-600 Witan Gate, Milton Keynes MK9 1BA