Red Rock Meats — Appendices
The following detailed assumptions underpin the financial model:
Section 14 · Business Plan
Appendices
The following detailed assumptions underpin the financial model:
14.1 Appendix A – Detailed Assumptions
The following detailed assumptions underpin the financial model:
Volume Assumptions
| Product Line | Y1 (tonnes) | Y2 (tonnes) | Y3 (tonnes) | Y4 (tonnes) | Y5 (tonnes) |
|---|---|---|---|---|---|
| Fresh Cuts (Beef) | 2,800 | 3,700 | 4,900 | 5,800 | 6,300 |
| Fresh Cuts (Lamb) | 800 | 1,100 | 1,500 | 1,800 | 2,000 |
| Fresh Cuts (Pork) | 1,200 | 1,600 | 2,100 | 2,500 | 2,700 |
| Value-Added Products | 1,200 | 1,800 | 2,800 | 3,500 | 4,000 |
| Bulk / Foodservice | 1,500 | 1,800 | 2,200 | 2,400 | 2,500 |
| Contract Processing | 500 | 500 | 500 | 500 | 500 |
| Total | 8,000 | 10,500 | 14,000 | 16,500 | 18,000 |
Average Selling Price Assumptions (ZAR per kg)
| Product Line | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|
| Fresh Cuts (Beef) | 65 | 68 | 71 | 74 | 77 |
| Fresh Cuts (Lamb) | 85 | 89 | 93 | 97 | 101 |
| Fresh Cuts (Pork) | 52 | 54 | 57 | 59 | 62 |
| Value-Added Products | 88 | 92 | 96 | 100 | 105 |
| Bulk / Foodservice | 48 | 50 | 52 | 55 | 57 |
| Contract Processing | 15 | 16 | 17 | 18 | 19 |
14.2 Appendix B – Debt Repayment Schedule
| Year | Opening Balance | Drawdown | Repayment | Interest | Closing Balance |
|---|---|---|---|---|---|
| 2026 (Part) | 0.0 | 37.0 | (0.0) | (1.8) | 37.0 |
| 2027 | 37.0 | 0.0 | (3.7) | (3.6) | 33.3 |
| 2028 | 33.3 | 0.0 | (5.1) | (3.4) | 28.2 |
| 2029 | 28.2 | 0.0 | (5.1) | (3.0) | 23.1 |
| 2030 | 23.1 | 0.0 | (5.1) | (2.6) | 18.0 |
| 2031 | 18.0 | 0.0 | (5.1) | (2.2) | 12.9 |
14.3 Appendix C – Depreciation Schedule
| Asset Category | Cost (ZAR M) | Useful Life | Y1 Depr. | Y2 Depr. | Y3 Depr. |
|---|---|---|---|---|---|
| Land | 5.0 | Indefinite | 0.0 | 0.0 | 0.0 |
| Buildings | 13.0 | 20 years | 0.65 | 0.65 | 0.65 |
| Plant & Equipment | 29.0 | 10 years | 2.90 | 2.90 | 2.90 |
| Vehicles | 3.5 | 5 years | 0.70 | 0.70 | 0.70 |
| IT & Software | 1.5 | 3–5 years | 0.38 | 0.38 | 0.38 |
| Total | 52.0 | 4.63 | 4.63 | 4.63 |
14.4 Appendix D – Glossary of Terms
| Term | Definition |
|---|---|
| B-BBEE | Broad-Based Black Economic Empowerment – South Africa’s transformation framework |
| CAGR | Compound Annual Growth Rate |
| DALRRD | Department of Agriculture, Land Reform and Rural Development |
| DFI | Development Finance Institution (e.g., IDC, DBSA) |
| EBITDA | Earnings Before Interest, Tax, Depreciation and Amortisation |
| FSSC 22000 | Food Safety System Certification – global food safety standard |
| HACCP | Hazard Analysis and Critical Control Points – food safety management system |
| IRR | Internal Rate of Return |
| MAP | Modified Atmosphere Packaging |
| NEMA | National Environmental Management Act |
| NPV | Net Present Value |
| NRCS | National Regulator for Compulsory Specifications |
| PRECCA | Prevention and Combating of Corrupt Activities Act |
| SADC | Southern African Development Community |
| SAFEX | South African Futures Exchange |
| SOE | State-Owned Enterprise |
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Red Rock Meats (Pty) Ltd – Confidential Business Plan – March 2026
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