Revenue by channel (R m)
|
Channel |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Company retail |
14 |
24 |
34 |
44 |
55 |
|
Franchise (fees/royalties/supply) |
0 |
10 |
30 |
60 |
100 |
|
Wholesale & frozen |
3 |
8 |
16 |
26 |
45 |
|
Catering |
5 |
6 |
9 |
12 |
15 |
|
Total revenue |
22 |
48 |
89 |
142 |
215 |
Outlet & headcount detail
|
Metric |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Company-owned outlets |
1 |
6 |
8 |
10 |
12 |
|
Franchised outlets |
0 |
8 |
30 |
70 |
130 |
|
Total outlets |
1 |
14 |
38 |
80 |
142 |
|
Total headcount (company) |
76 |
112 |
161 |
218 |
278 |
Credit metrics
|
Metric |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Term debt outstanding (R m) |
9.8 |
7.8 |
5.9 |
3.9 |
2.0 |
|
Interest (R m) |
1.3 |
1.3 |
1.1 |
0.8 |
0.5 |
|
Debt service (R m) |
1.3 |
3.3 |
3.0 |
2.8 |
2.5 |
|
DSCR (×) |
1.01× |
1.56× |
3.56× |
6.99× |
12.65× |
|
Net debt (R m) |
1.0 |
2.2 |
(0.0) |
(9.4) |
(31.4) |
|
Net debt / EBITDA (×) |
0.3× |
0.3× |
0.0× |
(0.3)× |
(0.6)× |