Capital expenditure register — Series A (R m)
|
Component |
Amount |
Treatment / life |
|---|---|---|
|
Four water tanker trucks |
8.0 |
Depreciated 7 years |
|
Water storage tanks |
1.2 |
Depreciated 10 years |
|
Depot leasehold improvements |
0.8 |
Depreciated 5 years |
|
Workshop & maintenance equipment |
0.7 |
Depreciated 8 years |
|
GPS fleet management & IT systems |
0.6 |
Depreciated 4 years |
|
Office equipment |
0.4 |
Depreciated 5 years |
|
Licences, compliance & insurance |
0.5 |
Expensed |
|
Branding & marketing |
0.8 |
Expensed |
|
Working capital |
3.5 |
Funds early operating cycles |
|
Total (Series A) |
16.5 |
Assumptions register
|
Parameter |
Value / treatment |
|---|---|
|
Repo / prime rate |
7.0% / 10.5% (SARB, mid-2026) |
|
Corporate tax |
27%, assessed losses carried forward |
|
Asset-finance rate |
13.0% (prime + 250bps), secured on fleet |
|
Funding |
Series A R16.5m (Y1) + Series B R14m (Y3); R18.5m equity + R12m asset finance |
|
Depreciation |
Component; tankers 7-yr, tanks 10-yr, depot 5-yr, workshop/treatment 8-yr, IT 4-yr |
|
Working capital |
12% of revenue (municipal & industrial receivables) |
|
Fleet |
4 → 16 tankers; utilisation 62% → 80% |
|
Revenue mix |
Contracted 45% / emergency 25% / construction 15% / storage 10% / consultancy 5% |
|
Exit multiple |
5×–8× EV/EBITDA (logistics / utility-services) |