BuildCore Retail Group — Appendices
Supporting appendices — the industry reference models and sources, and the glossary of key terms underpinning the BuildCore Retail Group business plan and financial model.
Section 18 · Business Plan
Appendices
Supporting appendices — the industry reference models and sources, and the glossary of key terms underpinning the BuildCore Retail Group business plan and financial model.
Appendix A: Industry Reference Models & Sources
BuildCore’s operating model and market assumptions are informed by
publicly available information on established South African
building-materials retailers and by recognised industry and
macroeconomic sources. Reference operators include Cashbuild, Builders
(Massmart), BUCO, Build It and Pennypinchers. Market, housing and
macroeconomic statistics are drawn from industry trade reports, the
Centre for Affordable Housing Finance, Statistics South Africa, the
South African Reserve Bank and listed-company financial disclosures. All
third-party data is indicative and has not been independently verified
by the Company.
Appendix B: Glossary of Key Terms
| Term | Definition |
|---|---|
| EBITDA | Earnings before interest, tax, depreciation and amortisation |
| EBIT | Earnings before interest and tax (operating profit) |
| ROCE | Return on capital employed (EBIT / (equity + debt)) |
| MOIC | Multiple on invested capital (gross money multiple) |
| EV/EBITDA | Enterprise value to EBITDA valuation multiple |
| Gap market | Households earning above RDP-subsidy thresholds but below mortgage-qualifying levels |
| LSM | Living Standards Measure — South African market segmentation |
| B-BBEE | Broad-Based Black Economic Empowerment |
| DC | Distribution centre |
Table B.1 — Glossary.
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 BuildCore Retail Group.