This appendix consolidates the integrated three-statement projection and the principal supporting exhibits. All figures are in South African Rand millions unless stated; the balance sheet ties to zero in every year.
Integrated five-year summary
|
R millions |
Y1 |
Y2 |
Y3 |
Y4 |
Y5 |
|---|---|---|---|---|---|
|
Revenue |
95 |
185 |
320 |
480 |
710 |
|
EBITDA |
18 |
46 |
92 |
145 |
228 |
|
EBIT |
(17.8) |
(0.1) |
32.1 |
74.1 |
149.1 |
|
Net interest |
19.5 |
23.6 |
28.4 |
31.2 |
30.0 |
|
Profit before tax |
(37.3) |
(23.7) |
3.7 |
42.9 |
119.1 |
|
Net profit after tax |
(37.3) |
(23.7) |
3.5 |
40.6 |
93.3 |
|
Operating cash flow |
(13.8) |
10.8 |
45.9 |
90.7 |
142.3 |
|
Capital expenditure |
(295.0) |
(90.0) |
(120.0) |
(95.0) |
(70.0) |
|
Closing cash |
11.2 |
21.9 |
27.8 |
28.4 |
50.7 |
|
Net PP&E |
243.2 |
291.1 |
355.2 |
383.3 |
378.4 |
|
Total assets |
290.3 |
363.9 |
458.2 |
516.5 |
578.3 |
|
Total debt |
150.0 |
185.0 |
220.0 |
225.0 |
175.0 |
|
Total equity |
132.7 |
164.1 |
212.6 |
253.1 |
346.5 |
|
Net working capital |
12.3 |
24.1 |
41.6 |
62.4 |
92.3 |
Year-1 quarterly cash phasing (illustrative)
Year 1 cash is phased to reflect the platform build: the R320 million raise is received at close, capital is deployed through the year as centres are fitted out and equipped, and operating cash builds as the flagships open and volumes ramp.
|
R millions |
Q1 |
Q2 |
Q3 |
Q4 |
FY1 |
|---|---|---|---|---|---|
|
Revenue |
11 |
19 |
28 |
37 |
95 |
|
EBITDA |
1 |
3 |
6 |
8 |
18 |
|
Capex deployed |
(120) |
(85) |
(45) |
(25) |
(275) |
|
Closing cash |
190 |
118 |
72 |
11 |
11 |
Supporting exhibits
