Khanya Cold Chain Business Plan — Appendix A: Consolidated Financial Summary
Consolidated five-year summary: occupancy, revenue by stream, EBITDA, profit after tax, capital expenditure and closing cash.
Appendix A: Consolidated Financial Summary
Jump to section
- Overview & contents
- i. Important Notice and Basis of Preparation
- 1. Executive Summary
- 2. The Business
- 3. Market Analysis
- 4. The Energy Strategy
- 5. Facility and Location
- 6. SWOT and Competitive Position
- 7. Commercial Plan
- 8. Operations
- 9. Financial Plan
- 10. Break-Even and Debt Service
- 11. Investment Analysis
- 12. Risk Analysis
- 13. Implementation Roadmap
- 14. Key Performance Indicators
- 15. Key Assumptions
- 16. Conclusion and Recommendation
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Capital and Depreciation Schedules
- C. Appendix C: Funding and Debt Schedules
- D. Appendix D: Energy Model
- E. Appendix E: Risk Register
- F. Appendix F: Glossary
|
R unless stated |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Average occupancy |
46% |
68% |
79% |
85% |
88% |
|
Occupied pallets |
2 070 |
3 060 |
3 555 |
3 825 |
3 960 |
|
Cold store revenue |
24 469 668 |
38 058 835 |
47 109 572 |
54 177 464 |
60 055 311 |
|
Distribution revenue |
3 857 640 |
9 244 498 |
15 647 834 |
20 752 003 |
24 068 638 |
|
Total revenue |
28 327 308 |
47 303 332 |
62 757 406 |
74 929 467 |
84 123 949 |
|
Electricity |
(2 453 707) |
(2 337 453) |
(2 904 932) |
(3 423 544) |
(3 925 873) |
|
Payroll |
(6 628 000) |
(10 271 480) |
(13 151 503) |
(15 807 637) |
(18 071 974) |
|
Property lease |
(5 947 200) |
(6 363 504) |
(6 808 949) |
(7 285 576) |
(7 795 566) |
|
Fleet running costs |
(1 997 491) |
(4 189 059) |
(6 588 875) |
(8 444 365) |
(9 659 689) |
|
Other operating and claims |
(9 882 311) |
(12 035 215) |
(14 246 226) |
(16 053 410) |
(17 851 034) |
|
EBITDA |
1 418 599 |
12 106 622 |
19 056 921 |
23 914 935 |
26 819 815 |
|
EBITDA margin |
5.0% |
25.6% |
30.4% |
31.9% |
31.9% |
|
Depreciation |
(8 876 310) |
(9 733 452) |
(10 703 095) |
(11 499 524) |
(12 122 738) |
|
Finance costs |
(6 310 000) |
(6 064 539) |
(5 484 585) |
(4 828 473) |
(4 086 120) |
|
Taxation |
— |
— |
(154 939) |
(409 695) |
(572 992) |
|
Profit / (loss) after tax |
(18 467 711) |
(3 691 369) |
2 714 301 |
7 177 243 |
10 037 965 |
|
Cumulative profit / (deficit) |
(18 467 711) |
(22 159 080) |
(19 444 779) |
(12 267 536) |
(2 229 571) |
|
Cash generated from operations |
(6 179 907) |
4 325 214 |
12 172 955 |
17 750 638 |
21 528 173 |
|
Maintenance capital expenditure |
— |
(6 150 000) |
(7 050 000) |
(5 900 000) |
(4 750 000) |
|
Debt capital repaid |
— |
(4 457 568) |
(5 037 522) |
(5 693 634) |
(6 435 987) |
|
Closing cash |
6 220 093 |
0 |
85 433 |
6 242 437 |
16 584 623 |
|
Property, plant and equipment |
80 923 690 |
77 340 238 |
73 687 143 |
68 087 619 |
60 714 881 |
|
Trade receivables |
3 647 626 |
6 091 114 |
8 081 091 |
9 648 452 |
10 832 399 |
|
Total assets |
92 281 409 |
84 921 352 |
83 343 667 |
85 468 508 |
89 621 903 |
|
Total debt outstanding |
52 000 000 |
47 542 432 |
42 504 910 |
36 811 276 |
30 375 289 |
|
Total equity |
37 922 289 |
34 230 920 |
36 945 221 |
44 122 464 |
54 160 429 |
|
Debt service cover |
0.22x |
1.15x |
1.81x |
2.27x |
2.55x |
|
Break-even occupancy including debt service |
56.0% |
65.0% |
63.9% |
62.8% |
62.7% |
|
Headroom, percentage points |
-10.0 |
3.0 |
15.1 |
22.2 |
25.3 |