FerroGlobe Resources Group – Business Plan
Investment-grade business plan for FerroGlobe Resources Group (Pty) Ltd — a USD 750-million raise to build a pan-African steel, trading and industrial-logistics platform headquartered in Johannesburg, scaling to USD 4.3 billion revenue by Year 7 at a 27.5% equity IRR over a 7-year horizon.
Confidential Investment Memorandum
FerroGlobe Resources Group
A pan-African steel, trading and industrial-logistics platform headquartered in Johannesburg — capturing margin at multiple points along the value chain through trading scale-up, vertical integration and a greenfield mill, and building defensive moats through long-term offtake — structured as an investment-grade USD 750-million opportunity for equity investors, lenders and strategic partners.
Africa’s steel demand is rising on the back of infrastructure and industrialisation, yet the continent remains structurally short of integrated supply, trading and industrial-logistics capacity. FerroGlobe Resources Group captures this with a value-chain platform — scaling a trading business, integrating vertically and building a greenfield mill — that captures margin at multiple points and is protected by long-term offtake. A USD 750-million raise across three tranches takes revenue to USD 4.3 billion and EBITDA from USD 14 million (7.3% margin) to USD 870 million (20.2% margin) by Year 7, delivering a 27.5% equity IRR with a 4.6-year payback.
Plan Contents
This investor-grade business plan is organised into the sections below. Each section is a dedicated page — select any to explore the full detail.
- 1Executive Summary
- 2Company Overview & Strategic Vision
- 3Industry Analysis & Market Context
- 4Market Opportunity — South Africa & Sub-Saharan Africa
- 5Competitive Landscape & Positioning
- 6Business Model & Value Chain Architecture
- 7Expansion Strategy & Phased Roadmap
- 8Operating Model & Supply Chain
- 9Marketing, Sales & Customer Strategy
- 10ESG, Sustainability & Just Transition
- 11Management Team & Governance
- 12Risk Analysis & Mitigation
- 13Implementation Roadmap & Gantt Chart
- 14Capital Requirements & Funding Structure
- 15Financial Plan & Projections
- 16Sensitivity Analysis & Scenario Planning
- 17Investment Thesis, Returns & Exit
- 18Conclusion & Call to Action
Important Notice & Disclaimer
This Investment Memorandum (the “Memorandum”) has been prepared by
FerroGlobe Resources Group (Pty) Ltd (“FGRG” or the “Company”) solely
for the purpose of providing prospective investors with information to
assist them in evaluating a potential investment in the Company. The
Memorandum is being delivered on a confidential basis and the recipient
agrees to keep the contents strictly confidential.
The financial projections, forward-looking statements, market
estimates and operational assumptions contained in this document are
based on management’s current views and assumptions about future events,
including macroeconomic conditions, commodity prices, exchange rates,
regulatory environment, and execution of the strategy described herein.
Actual results may differ materially from those projected.
This document does not constitute an offer to sell or a solicitation
of an offer to buy any securities. Any offering will be made only
pursuant to formal subscription documentation and in compliance with
applicable securities laws in each relevant jurisdiction. Recipients
should conduct their own independent investigation and analysis,
including obtaining independent legal, tax, accounting and financial
advice.
Industry data and statistics referenced have been sourced from
third-party publications including the World Steel Association, IMARC
Group, Expert Market Research, Steel and Engineering Industries
Federation of Southern Africa (SEIFSA), and ArcelorMittal South Africa
public filings. While management believes these sources to be reliable,
no representation is made as to the accuracy or completeness of such
information.
FORWARD-LOOKING STATEMENTS Statements regarding future revenue, EBITDA, market share, capital deployment timing, and project completion involve significant risks and uncertainties. The base case assumes successful execution of the strategy, financial close on schedule, stable trading-corridor access, and ZAR/USD exchange-rate band of 17.5–22.0.
Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of FerroGlobe Resources Group (Pty) Ltd.