Mainstreet Brick Business Plan — Appendix A: Consolidated Financial Summary
Consolidated five-year summary: units produced, utilisation, revenue, gross margin, EBITDA, profit after tax and closing cash.
Appendix A: Consolidated Financial Summary
Jump to section
- Overview & contents
- i. Important Notice and Basis of Preparation
- 1. Executive Summary
- 2. The Unit Economics of Brick Making
- 3. Market Analysis
- 4. Products and Positioning
- 5. SWOT and Competitive Position
- 6. Site, Plant and Production
- 7. Route to Market and Sales Strategy
- 8. Regulatory, Environmental and Quality Compliance
- 9. Management and Organisation
- 10. Capital Requirement and Funding
- 11. Financial Projections
- 12. Break-Even Analysis
- 13. Debt Service and Working Capital
- 14. Investment Returns
- 15. Sensitivity and Scenario Analysis
- 16. Value Creation Levers
- 17. Risk Management
- 18. Implementation Timeline
- 19. Conditions for Success and Exit Options
- 20. Key Performance Indicators
- 21. Key Assumptions
- 22. Conclusion
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Capital and Depreciation Schedules
- C. Appendix C: Funding and Debt Schedules
- D. Appendix D: Risk Register
- E. Appendix E: Glossary
|
R’000 unless stated |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Capacity utilisation |
66.0% |
79.0% |
88.0% |
93.1% |
96.0% |
|
Units produced, million |
10.65 |
12.75 |
14.20 |
15.03 |
15.49 |
|
Units sold, million |
10.33 |
12.37 |
13.78 |
14.58 |
15.03 |
|
Revenue |
35 343 |
44 631 |
52 450 |
58 479 |
63 685 |
|
Cement |
(9 982) |
(12 776) |
(15 218) |
(17 197) |
(18 984) |
|
Aggregate and other materials |
(13 231) |
(16 935) |
(20 172) |
(22 797) |
(25 165) |
|
Bad debt provision |
(530) |
(669) |
(787) |
(877) |
(955) |
|
Gross profit |
11 600 |
14 251 |
16 273 |
17 607 |
18 581 |
|
Gross margin |
32.8% |
31.9% |
31.0% |
30.1% |
29.2% |
|
Operating costs |
(9 595) |
(10 811) |
(11 572) |
(12 388) |
(13 262) |
|
EBITDA |
2 005 |
3 440 |
4 701 |
5 219 |
5 319 |
|
EBITDA margin |
5.7% |
7.7% |
9.0% |
8.9% |
8.4% |
|
Depreciation |
(1 506) |
(1 506) |
(1 506) |
(1 506) |
(1 506) |
|
Interest |
(1 672) |
(1 600) |
(1 396) |
(1 167) |
(911) |
|
Taxation |
— |
— |
(259) |
(687) |
(783) |
|
Profit / (loss) after tax |
(1 174) |
334 |
1 540 |
1 858 |
2 118 |
|
Net margin |
-3.3% |
0.7% |
2.9% |
3.2% |
3.3% |
|
Operating cash flow after tax |
638 |
2 717 |
3 814 |
4 075 |
4 163 |
|
Debt service |
2 230 |
3 291 |
3 291 |
3 291 |
3 291 |
|
Debt service cover |
0.90x |
1.05x |
1.43x |
1.59x |
1.62x |
|
Free cash flow to equity |
(1 592) |
(574) |
523 |
785 |
872 |
|
Closing cash |
2 608 |
2 034 |
2 557 |
3 342 |
4 214 |
|
Plant, equipment and yard |
13 558 |
12 051 |
10 545 |
9 038 |
7 532 |
|
Trade debtors |
3 873 |
4 891 |
5 748 |
6 409 |
6 979 |
|
Total assets |
21 629 |
21 011 |
21 274 |
21 528 |
21 749 |
|
Debt outstanding |
13 356 |
11 665 |
9 771 |
7 647 |
5 267 |
|
Shareholders’ funds |
5 126 |
5 460 |
7 000 |
8 858 |
10 976 |
|
Gearing |
72.3% |
68.1% |
58.3% |
46.3% |
32.4% |
|
Cash break-even utilisation |
67.3% |
78.2% |
80.4% |
82.9% |
85.5% |
|
Headroom, percentage points |
-1.3 |
0.8 |
7.6 |
10.2 |
10.5 |