Market statistics cited in Section 3 derive from the following published research, paraphrased and used directionally: global temporary event structures market sizing and channel analysis (Growth Market Reports, 2024–2033 forecast horizon); tent-rental segment shares and application growth rates (Dataintelo tent rental market research, 2025); tent rental services growth forecasts (Verified Market Reports; Business Research Insights, 2026–2034 horizons); South African events industry sizing (Mobility Foresights, 2025–2032); South African MICE valuation (Department of Tourism statements citing Allied Market Research, 2023 base); and African business events industry projections (Allied Market Research via South African Tourism, 2023–2032). Where estimates conflicted, the more conservative figure was used in the body of this plan.

C.1 Benchmark operators referenced

Losberger De Boer, GL events, Neptunus Structures, Röder HTS Höcker, Anchor Industries, Mahaffey, Arena Group and Aggreko are referenced as the global capability benchmark against which Canvas Crest’s engineering and service standards are set. None currently maintains a permanent rental fleet presence across the Southern African corridors Canvas Crest targets; their project-basis participation in marquee international events defines the price ceiling beneath which the Company positions.

C.2 Analyst verification performed

• Balance sheet asserted to tie (assets = equity + liabilities) programmatically in all five projection years.
• Tax computation independently rebuilt at 27% with assessed-loss carry-forward from the Year 1 loss.
• Depreciation rebuilt from component-level asset register; sponsor figure rejected and variance disclosed.
• Interest rebuilt from facility amortisation profile; sponsor’s rising-interest presentation rejected and variance disclosed.
• DSCR, CFADS, IRR and payback computed from the model rather than transcribed from sponsor summary.