Revenue by stream (R m)
|
Stream |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Retail stores |
11.0 |
18.0 |
27.0 |
37.0 |
50.0 |
|
Shopping-centre kiosks |
2.0 |
6.0 |
11.0 |
17.0 |
24.0 |
|
Mobile catering & events |
3.0 |
5.0 |
8.0 |
11.0 |
15.0 |
|
Delivery platforms |
1.5 |
3.0 |
5.0 |
7.0 |
9.0 |
|
Franchise fees & royalties |
0.0 |
1.0 |
4.0 |
9.0 |
17.0 |
|
Packaged & merchandise |
0.5 |
2.0 |
3.0 |
6.0 |
10.0 |
|
Total revenue |
18 |
35 |
58 |
87 |
125 |
Outlet & operating KPIs
|
Metric |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Company stores |
1 |
3 |
4 |
5 |
6 |
|
Kiosks |
1 |
3 |
6 |
9 |
12 |
|
Franchised outlets |
0 |
0 |
3 |
8 |
18 |
|
Mobile units |
2 |
3 |
4 |
5 |
6 |
|
Flagship covers (000s) |
180 |
210 |
235 |
255 |
275 |
|
Average ticket (ZAR) |
62 |
66 |
70 |
74 |
78 |
|
Total headcount |
60 |
84 |
117 |
152 |
189 |
Cash flow & balance sheet summary (R m)
|
Metric |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Operating cash flow |
1.6 |
5.0 |
9.8 |
16.1 |
24.8 |
|
Capital expenditure |
(10.4) |
(6.5) |
(7.9) |
(8.9) |
(9.9) |
|
Free cash flow |
(8.8) |
(1.5) |
1.9 |
7.2 |
14.9 |
|
Closing cash |
7.2 |
5.7 |
7.6 |
14.8 |
29.7 |
|
Net PP&E |
9.1 |
13.4 |
18.1 |
22.7 |
27.1 |
|
Total equity |
17.2 |
20.9 |
28.7 |
41.8 |
63.1 |
Profit reconciliation: sponsor vs re-derived (R m)
|
Line |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
EBITDA (preserved) |
3.0 |
7.2 |
13.8 |
22.4 |
34.6 |
|
Less depreciation |
(1.3) |
(2.2) |
(3.2) |
(4.4) |
(5.5) |
|
Less tax |
(0.5) |
(1.4) |
(2.9) |
(4.9) |
(7.9) |
|
Net profit (re-derived) |
1.2 |
3.7 |
7.7 |
13.2 |
21.2 |
|
Net profit (sponsor illustrative) |
1.2 |
3.9 |
8.4 |
14.9 |
23.8 |