Apex Drive Academy Business Plan — Appendix A: Consolidated Financial Summary
Consolidated five-year summary: lesson hours, learners, revenue by stream, 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. Market and Opportunity
- 3. Regulatory Framework
- 4. The Business Model
- 5. SWOT and Competitive Position
- 6. The Capital Efficiency Question
- 7. Route to Market
- 8. Management and Governance
- 9. Financial Plan
- 10. Break-Even and Debt Service
- 11. Investment Analysis
- 12. Sensitivity and Scenario Analysis
- 13. Risk Analysis
- 14. Implementation Roadmap
- 15. Key Performance Indicators
- 16. Key Assumptions
- 17. Conclusion and Recommendation
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Capital and Fleet Schedules
- C. Appendix C: Funding and Debt Schedules
- D. Appendix D: Risk Register
- E. Appendix E: Glossary
|
R unless stated |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Tuition vehicles |
5 |
8 |
11 |
13 |
14 |
|
Code EC units |
— |
1 |
2 |
2 |
2 |
|
Retail lesson hours |
4 752 |
9 123 |
13 685 |
16 848 |
18 385 |
|
Heavy-vehicle learners |
— |
48 |
118 |
131 |
138 |
|
Learnership seats |
— |
70 |
165 |
260 |
330 |
|
Retail revenue |
1 848 000 |
3 599 000 |
5 423 000 |
6 687 000 |
7 358 000 |
|
Professional heavy vehicle |
— |
710 000 |
1 715 000 |
1 911 000 |
2 009 000 |
|
Corporate and learnership |
230 000 |
3 160 000 |
7 005 000 |
10 735 000 |
13 435 000 |
|
Total revenue |
2 078 000 |
7 469 000 |
14 143 000 |
19 333 000 |
22 802 000 |
|
Direct costs |
(1 068 000) |
(4 181 000) |
(7 930 000) |
(10 692 000) |
(12 546 000) |
|
Contribution |
1 010 000 |
3 288 000 |
6 213 000 |
8 642 000 |
10 256 000 |
|
Contribution margin |
48.6% |
44.0% |
43.9% |
44.7% |
45.0% |
|
Overhead |
(2 220 000) |
(2 750 000) |
(3 690 000) |
(4 280 000) |
(4 650 000) |
|
EBITDA |
(1 210 000) |
538 000 |
2 523 000 |
4 362 000 |
5 606 000 |
|
EBITDA margin |
-58.2% |
7.2% |
17.8% |
22.6% |
24.6% |
|
Depreciation |
(626 000) |
(1 051 000) |
(1 398 500) |
(1 538 500) |
(1 608 500) |
|
Interest |
(112 203) |
(272 747) |
(364 190) |
(335 326) |
(267 059) |
|
Taxation |
— |
— |
— |
(138 924) |
(1 007 219) |
|
Profit / (loss) after tax |
(1 948 203) |
(785 747) |
760 310 |
2 349 250 |
2 723 222 |
|
Cumulative profit / (deficit) |
(1 948 203) |
(2 733 950) |
(1 973 640) |
375 610 |
3 098 832 |
|
Cash generated from operations |
(1 211 364) |
151 121 |
2 032 229 |
3 765 120 |
4 248 401 |
|
Capital deployed |
(2 810 000) |
(2 770 000) |
(2 150 000) |
(700 000) |
(350 000) |
|
Asset finance drawn |
816 025 |
1 291 651 |
1 002 545 |
326 410 |
163 205 |
|
Debt capital repaid |
(124 065) |
(337 500) |
(536 329) |
(659 700) |
(775 221) |
|
Closing cash |
2 270 760 |
606 032 |
954 477 |
3 686 307 |
6 972 692 |
|
Fleet, premises and accreditation, net |
2 184 000 |
3 903 000 |
4 654 500 |
3 816 000 |
2 557 500 |
|
Total assets |
4 614 168 |
5 081 996 |
6 693 919 |
8 985 386 |
11 279 387 |
|
Asset finance outstanding |
691 960 |
1 646 111 |
2 112 327 |
1 779 037 |
1 167 021 |
|
Total equity |
3 651 961 |
2 866 214 |
3 626 524 |
5 975 774 |
8 698 996 |
|
Debt service cover |
n/a |
0.88x |
2.80x |
4.38x |
5.38x |
|
Corporate share of revenue |
11.1% |
42.3% |
49.5% |
55.5% |
58.9% |
|
Corporate share of contribution |
10.1% |
42.6% |
49.9% |
55.0% |
58.0% |