Karoo Rabbit Protein — Risk Analysis & Mitigation

A structured risk register and the mitigation measures covering market, operational, biosecurity, supply, financial, regulatory and execution risks.

Karoo Rabbit Protein Business PlanSection 12 › Risk Analysis & Mitigation

Section 12 · Business Plan

Risk Analysis & Mitigation

A structured risk register and the mitigation measures covering market, operational, biosecurity, supply, financial, regulatory and execution risks.

The principal risks to the plan, and the mitigations embedded in the
operating and financial model, are summarised below. The risk register
in Appendix E provides a fuller treatment.

Risk Assessment Mitigation
Market / demand adoption High impact, medium likelihood Dual-brand strategy, category education, portioned formats, chef and retail partnerships
Offtake / channel failure High impact, low likelihood Owned processing and guaranteed offtake — the core structural fix to the sector’s historic failure
Biosecurity / disease High impact, low likelihood Controlled genetics and feed, accredited housing, veterinary oversight, movement controls
Grower execution Medium impact, medium likelihood Training, standardised housing, extension support, phased recruitment ahead of volume
Feed cost inflation Medium impact, high likelihood Owned feed mill, conservative escalation assumptions, mix shift to higher-margin product
Price realisation High impact, medium likelihood Premium positioning, value-added mix shift, conservative 4.5% price escalation
Capital / funding High impact, low likelihood Blended structure, 2-year capital moratorium, working-capital headroom
Regulatory / accreditation Medium impact, medium likelihood Dedicated compliance capability; tightening rules favour an accredited operator
Macro (rates, FX, fuel) Medium impact, high likelihood Conservative macro assumptions; modest early export reliance; local feed sourcing

The defining risk in this sector is channel failure — producers
stranded without a buyer. KRP’s entire architecture is built to
neutralise that risk by owning processing and guaranteeing offtake. The
residual risks are predominantly executional and macroeconomic, and are
addressed through phasing, conservative assumptions and balance-sheet
headroom.

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 Karoo Rabbit Protein (Pty) Ltd.