This document (the “Document”) has been prepared by NexAura Packaging Technologies (Pty) Ltd (“NexAura” or the “Company”) to provide information to the Industrial Development Corporation, commercial lenders, and prospective co-investors and shareholders (together, “Recipients”) in connection with the proposed R485 million expansion of the Company’s advanced manufacturing and sustainable packaging operations (the “Project”).
It is furnished on a strictly private and confidential basis and may not be reproduced, redistributed or passed to any other person, in whole or in part, without the prior written consent of the Company.
Forward-looking statements
This Document contains forward-looking statements relating to the Company’s expansion, operations and prospects. These reflect management’s current expectations and are subject to risks and uncertainties, including manufacturing execution, raw-material (polymer) price volatility, energy supply, import competition, currency, technology and market factors, that may cause actual outcomes to differ materially. Nothing herein constitutes a guarantee of future performance.
Independent re-underwriting
NoteHow to read the numbers in this Document
Management’s sponsor projections for revenue and EBITDA have been preserved. All figures below EBITDA, depreciation, financing costs, taxation and net profit, together with the debt-service coverage, gearing and returns analysis, have been independently derived on a conservative basis to give lenders and investors a bankable view. The sponsor provides no net-profit line; it has been independently re-underwritten here. Where this analysis differs from, or adds to, the sponsor’s summary figures, including on coverage and the equity contribution, the differences are surfaced explicitly in the callout boxes rather than smoothed over.
No representation or warranty, express or implied, is given as to the accuracy or completeness of the information contained herein. Recipients should conduct their own independent evaluation and due diligence and obtain their own professional advice. This Document does not constitute investment, legal, tax or financial advice, nor an offer of securities.