Revenue by stream (R m)
|
Stream |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Contracted water supply |
6.1 |
11.0 |
17.6 |
25.5 |
35.3 |
|
Emergency water deliveries |
3.1 |
5.8 |
9.8 |
15.1 |
22.1 |
|
Construction & infrastructure |
1.8 |
3.6 |
5.8 |
8.7 |
12.3 |
|
Water storage rentals |
1.3 |
2.4 |
3.9 |
5.8 |
8.2 |
|
Fleet & logistics consultancy |
0.7 |
1.2 |
1.9 |
2.9 |
4.1 |
|
Total revenue |
13 |
24 |
39 |
58 |
82 |
Operating & fleet KPIs
|
Metric |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Tankers in fleet |
4 |
6 |
8 |
12 |
16 |
|
Active contracts |
8 |
16 |
28 |
44 |
64 |
|
Fleet utilisation |
62.0% |
68.0% |
72.0% |
76.0% |
80.0% |
|
Revenue per tanker (R m) |
3.25 |
4.00 |
4.88 |
4.83 |
5.12 |
|
Total headcount |
26 |
40 |
59 |
87 |
118 |
Cash flow & balance sheet summary (R m)
|
Metric |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Operating cash flow |
0.74 |
3.05 |
5.83 |
9.31 |
13.61 |
|
Free cash flow (pre-financing) |
(10.96) |
(0.65) |
(3.27) |
1.71 |
6.71 |
|
Closing cash |
3.9 |
1.9 |
9.8 |
9.1 |
13.7 |
|
Net fleet & equipment |
9.9 |
11.4 |
16.8 |
19.7 |
21.2 |
|
Asset finance (debt) |
5.2 |
4.4 |
9.0 |
7.7 |
6.6 |
|
Total equity |
10.3 |
11.7 |
22.3 |
28.0 |
38.0 |
Profit reconciliation: EBITDA to net profit (R m)
|
Line |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
EBITDA (preserved) |
2.3 |
4.8 |
8.6 |
13.7 |
20.2 |
|
Less depreciation |
(1.76) |
(2.29) |
(3.65) |
(4.71) |
(5.45) |
|
Less interest |
(0.78) |
(0.67) |
(1.36) |
(1.17) |
(1.00) |
|
Less tax |
0.00 |
(0.43) |
(0.97) |
(2.11) |
(3.71) |
|
Net profit after tax (re-derived) |
(0.24) |
1.41 |
2.63 |
5.71 |
10.04 |
|
Memo: sponsor illustrative |
0.9 |
2.4 |
5.1 |
8.8 |
13.4 |