Revenue by stream (R m)
|
Stream |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Destination dining & tasting |
34 |
50 |
68 |
90 |
120 |
|
Events, weddings & corporate |
9 |
15 |
22 |
32 |
45 |
|
Retail & marketplace |
4 |
6 |
10 |
15 |
22 |
|
Academy, masterclasses & online |
1 |
2 |
4 |
6 |
8 |
|
Franchise, consulting & partnerships |
0 |
1 |
4 |
6 |
10 |
|
Total revenue |
48 |
74 |
108 |
149 |
205 |
Operating KPIs
|
Metric |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Company venues |
1 |
1 |
2 |
3 |
4 |
|
Franchised venues |
0 |
0 |
1 |
2 |
4 |
|
Flagship covers (000s) |
41 |
52 |
60 |
68 |
74 |
|
Total headcount |
160 |
195 |
285 |
383 |
481 |
Cash & balance-sheet summary (R m)
|
Metric |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Operating cash flow |
5.7 |
12.1 |
20.4 |
30.3 |
43.1 |
|
Capital expenditure |
56.0 |
0.8 |
32.5 |
37.7 |
37.7 |
|
Free cash flow |
(50.3) |
11.3 |
(12.1) |
(7.4) |
5.4 |
|
Closing cash |
25.2 |
36.5 |
24.4 |
17.0 |
22.3 |
|
Net PP&E |
51.0 |
46.6 |
71.1 |
97.4 |
120.8 |
|
Total equity |
78.1 |
86.1 |
99.8 |
120.3 |
151.4 |
Profit reconciliation: sponsor vs re-derived (R m)
|
Line |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
EBITDA (preserved) |
8.6 |
16.1 |
26.8 |
39.5 |
56.8 |
|
Less depreciation |
(5.0) |
(5.2) |
(8.0) |
(11.4) |
(14.3) |
|
Less tax |
(1.0) |
(3.0) |
(5.1) |
(7.6) |
(11.5) |
|
Net profit (re-derived) |
2.6 |
8.0 |
13.7 |
20.5 |
31.0 |
|
Net profit (sponsor illustrative) |
3.4 |
8.2 |
15.9 |
24.4 |
36.1 |