Kasi Crisps — Appendices

All financial projections in this business plan are built on a bottoms-up model that triangulates production capacity, market penetration rates, and unit economics. Revenue projections assume no single customer will exceed 15% of total sales, ensuring diversified revenue risk. Cost assumptions are…

Kasi Crisps (Pty) Ltd Business PlanSection 15 › Appendices

Section 15 · Business Plan

Appendices

All financial projections in this business plan are built on a bottoms-up model that triangulates production capacity, market penetration rates, and unit economics. Revenue projections assume no single customer will exceed 15% of total sales, ensuring diversified revenue risk. Cost assumptions are…

Appendix A: Detailed Assumptions & Methodology

All financial projections in this business plan are built on a bottoms-up model that triangulates production capacity, market penetration rates, and unit economics. Revenue projections assume no single customer will exceed 15% of total sales, ensuring diversified revenue risk. Cost assumptions are benchmarked against published industry data from the South African food manufacturing sector and validated through consultations with equipment suppliers and raw material providers. Inflation assumptions are aligned with the South African Reserve Bank’s medium-term CPI forecast of 4.5–5.5% per annum.

Appendix B: Market Research Sources

  • Global Market Data: Technavio Global Potato Chips Market Report 2025–2030; Mordor Intelligence Potato Chips Market Analysis 2026–2031; Fortune Business Insights 2025–2034.

  • South Africa Market Data: GlobalData South Africa Potato Chips Market Analytics to 2025; Statista South Africa Snack Food Market Forecast; Cognitive Market Research Africa Potato Chips 2025.

  • Industry Data: Potatoes SA Industry Reports 2013–2023; FAO Agricultural Production Statistics; NAMC Competitiveness Analysis of the SA Potato Industry.

  • Regulatory: Department of Health Foodstuffs Act Regulations; NRCS Compulsory Specifications; FSSC 22000 Standard v6.0.

Appendix C: Letters of Intent

The following letters of intent and preliminary agreements have been secured and are available for inspection by prospective investors upon execution of a non-disclosure agreement: (i) Site Allocation Letter from Ekurhuleni SEZ Management Company; (ii) Potato Supply LOI from Limpopo Potato Growers Cooperative; (iii) Equipment Quotation from Heat & Control (Australia) for MasterFryer system; (iv) Preliminary Listing Application from Shoprite Holdings; (v) Distribution LOI from Vector Logistics.

Appendix D: Glossary of Terms

Term Definition
CAGR Compound Annual Growth Rate
COGS Cost of Goods Sold
CTC Cost to Company (total compensation)
DSCR Debt Service Coverage Ratio
EBITDA Earnings Before Interest, Tax, Depreciation, and Amortisation
FMCG Fast-Moving Consumer Goods
FSSC Food Safety System Certification
GFSI Global Food Safety Initiative
HACCP Hazard Analysis Critical Control Points
HORECA Hotels, Restaurants, and Catering
IRR Internal Rate of Return
LSM Living Standards Measure
MOIC Multiple on Invested Capital
NPV Net Present Value
SADC Southern African Development Community
SEZ Special Economic Zone
VFFS Vertical Form Fill Seal (packaging machine)
WACC Weighted Average Cost of Capital

— End of Business Plan —

Kasi Crisps (Pty) Ltd | Confidential | March 2026

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