KwaCrete Ready Mix — Appendices
Supporting appendices — the detailed capital-expenditure schedule, the term-debt amortisation schedule, the working-capital build, the volume and utilisation detail, the glossary and the sources and references underpinning the KwaCrete business plan and financial model.
Section 13 · Business Plan
Appendices
Supporting appendices — the detailed capital-expenditure schedule, the term-debt amortisation schedule, the working-capital build, the volume and utilisation detail, the glossary and the sources and references underpinning the KwaCrete business plan and financial model.
Appendix A — Detailed Capital Expenditure Schedule
| Capital item | Initial (FY26) | FY27 | FY28 | FY29 | FY30 |
|---|---|---|---|---|---|
| Batch plant & silos | R9,800,000 | – | – | – | – |
| Truck mixers (6 units) | R13,200,000 | – | – | – | – |
| Concrete pumps (2) | R3,600,000 | – | – | – | – |
| Front-end loaders (2) | R2,900,000 | – | – | – | – |
| Site works, yard, weighbridge | R4,100,000 | – | – | – | – |
| Lab, IT, batching software | R1,450,000 | – | – | – | – |
| Office & ablutions | R950,000 | – | – | – | – |
| Maintenance / growth capex | – | R2,400,000 | R6,800,000 | R3,200,000 | R2,600,000 |
| Total capex | R36,000,000 | R2,400,000 | R6,800,000 | R3,200,000 | R2,600,000 |
Table A.1 — Capital expenditure by year. The FY2028 step reflects
fleet expansion to support higher volumes.
Appendix B — Term-Debt Amortisation Schedule
| Year | Opening balance | Interest | Principal | Closing balance |
|---|---|---|---|---|
| FY 2026 | R26,000,000 | R3,510,000 | R3,084,793 | R22,915,207 |
| FY 2027 | R22,915,207 | R3,093,553 | R3,501,240 | R19,413,968 |
| FY 2028 | R19,413,968 | R2,620,886 | R3,973,907 | R15,440,061 |
| FY 2029 | R15,440,061 | R2,084,408 | R4,510,384 | R10,929,676 |
| FY 2030 | R10,929,676 | R1,475,506 | R5,119,286 | R5,810,390 |
Table B.1 — Senior term-debt amortisation (R26,000,000 at 13.5%
over 6 years).
Appendix C — Working-Capital Build
| Working capital (ZAR) | FY 2026 | FY 2027 | FY 2028 | FY 2029 | FY 2030 |
|---|---|---|---|---|---|
| Trade receivables (45d) | R5,850,308 | R8,835,781 | R11,764,110 | R14,492,096 | R16,636,192 |
| Inventory (15d) | R1,358,630 | R2,033,712 | R2,681,918 | R3,271,438 | R3,736,397 |
| Trade payables (30d) | (2,717,260) | (4,067,425) | (5,363,836) | (6,542,877) | (7,472,795) |
| Net working capital | R4,491,678 | R6,802,068 | R9,082,192 | R11,220,657 | R12,899,794 |
| Facility drawn | R1,805,971 | R4,797,101 | R7,002,736 | R562,400 | R0 |
Table C.1 — Working-capital components and facility
utilisation.
Appendix D — Volume & Utilisation Detail
| Metric | FY 2026 | FY 2027 | FY 2028 | FY 2029 | FY 2030 |
|---|---|---|---|---|---|
| Volume sold (m³) | 28,500 | 41,000 | 52,000 | 61,000 | 67,000 |
| Practical capacity (m³) | 77,220 | 77,220 | 77,220 | 77,220 | 77,220 |
| Utilisation % | 36.9% | 53.1% | 67.3% | 79.0% | 86.8% |
| Avg selling price (R/m³) | R1,665 | R1,748 | R1,835 | R1,927 | R2,014 |
| Variable cost (R/m³) | R1,160 | R1,207 | R1,255 | R1,305 | R1,357 |
| Contribution (R/m³) | R505 | R541 | R580 | R622 | R657 |
| Break-even volume (m³) | 40,337 | 39,255 | 38,975 | 37,704 | 36,715 |
Table D.1 — Volume, capacity utilisation and unit economics
detail.
Appendix E — Glossary
| Term | Definition |
|---|---|
| Ready-mix concrete (RMC) | Concrete batched at a plant and delivered ready to place, mixed in transit. |
| MPa (megapascal) | Unit of compressive strength; the primary concrete specification. |
| EBITDA | Earnings before interest, tax, depreciation and amortisation. |
| DSCR | Debt-service coverage ratio: EBITDA divided by debt service. |
| IRR | Internal rate of return: the discount rate at which NPV equals zero. |
| NPV | Net present value of future cash flows at the discount rate. |
| WACC | Weighted average cost of capital. |
| SANS 878 | South African National Standard for ready-mixed concrete. |
| B-BBEE | Broad-Based Black Economic Empowerment. |
| SCM | Supplementary cementitious materials (e.g. fly ash, slag). |
| SIP | Strategic Integrated Project (national infrastructure programme). |
Table E.1 — Glossary of key terms.
Appendix F — Sources & References
This Plan draws on the following categories of source, consulted
during preparation in 2025–2026:
- National Treasury of South Africa — Budget
Review and infrastructure allocations, 2024/25 and 2025/26. - PwC — Global Infrastructure Outlook 2025–50
(South Africa infrastructure-spend trajectory). - Statistics South Africa — construction material
price indices and employment data. - GlobalData / ResearchAndMarkets — South Africa
Construction Market reports, 2025–2026. - TechSci Research, Mordor Intelligence, Market Research
Future — ready-mix concrete market analyses. - Company filings and public information — PPC
Ltd, AfriSam, Lafarge/Holcim, Afrimat.
Market-sizing figures vary between research houses owing to
differing scope and methodology; the Company has based its planning on
bottom-up catchment demand and current observed South African pricing
rather than on any single top-down estimate.
End of Business Plan
KwaCrete Ready Mix (Pty) Ltd · Strictly Private & Confidential ·
May 2026
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 KwaCrete Ready Mix (Pty) Ltd.