Kyalami Surface Business Plan — Projected Cash Flow
Operating, investing and financing cash flows, and the depth and timing of the funding trough.
Section 23 of 31
Projected Cash Flow
Jump to section
- i. Important Notice and Basis of Preparation
- 1. Executive Summary
- 2. Investment Thesis
- 3. Company and Business Overview
- 4. Problem, Customer Need and Value Proposition
- 5. Products and Services
- 6. Industry Analysis
- 7. Market Analysis
- 8. Customer Analysis
- 9. Competitive Landscape
- 10. Business Model
- 11. Go-to-Market Strategy
- 12. Operating Model
- 13. Management and Organisation
- 14. Strategic Plan
- 15. SWOT Analysis
- 16. Risk Analysis
- 17. ESG and Sustainability
- 18. Implementation Roadmap
- 19. Financial Plan: Assumptions
- 20. Projected Income Statement
- 21. Projected Balance Sheet
- 22. Projected Cash Flow
- 23. Capital Expenditure and Working Capital
- 24. Funding Requirement and Structure
- 25. Break-even Analysis
- 26. Investment Case and Returns
- 27. Sensitivity and Scenario Analysis
- 28. Key Performance Indicators and Management Dashboard
- 29. Conclusion
- 30. Appendices
Operating cash flow turns positive in month 14 and cumulates to R12.6m over the plan.
Table 32. Projected cash flow statement, base case (R million)
Reconciles to the closing cash balance in the balance sheet in every period.
|
R million |
FY28 |
FY29 |
FY30 |
FY31 |
FY32 |
|---|---|---|---|---|---|
|
OPERATING ACTIVITIES |
|||||
|
EBITDA |
(4.6) |
1.7 |
2.9 |
7.8 |
8.6 |
|
Working capital and tax movements |
(0.1) |
(0.6) |
(0.5) |
(0.5) |
(2.1) |
|
Net finance costs |
(0.2) |
(0.3) |
(0.2) |
0.1 |
0.5 |
|
Cash flow from operations |
(4.8) |
0.8 |
2.2 |
7.4 |
7.0 |
|
INVESTING ACTIVITIES |
|||||
|
Capital expenditure |
(5.6) |
(3.9) |
(0.4) |
(0.5) |
(0.5) |
|
Cash flow from investing |
(5.6) |
(3.9) |
(0.4) |
(0.5) |
(0.5) |
|
FINANCING ACTIVITIES |
|||||
|
Equity subscribed |
9.0 |
4.0 |
0.0 |
0.0 |
0.0 |
|
Debt drawn |
3.6 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Debt repaid |
(0.4) |
(0.7) |
(0.7) |
(0.8) |
(1.0) |
|
Dividends paid |
0.0 |
0.0 |
0.0 |
(1.8) |
(1.7) |
|
Cash flow from financing |
12.2 |
3.3 |
(0.7) |
(2.7) |
(2.6) |
|
Opening cash |
0.0 |
1.8 |
2.0 |
3.1 |
7.4 |
|
Net movement in cash |
1.8 |
0.3 |
1.1 |
4.3 |
3.9 |
|
Closing cash |
1.8 |
2.0 |
3.1 |
7.4 |
11.3 |
Cumulative operating cash flow of R12.6m services the debt, funds maintenance capital expenditure and supports R3.5m of dividends in FY31 and FY32.