SA Best Peanut Butter Business Plan — Appendix A: Consolidated Financial Summary
Consolidated five-year summary: tonnes, market share, channel mix, revenue, EBITDA, profit after tax and debt service cover.
Appendix A: Consolidated Financial Summary
Jump to section
- Overview & contents
- i. Important Notice and Basis of Preparation
- 1. Executive Summary
- 2. Aflatoxin: The Question That Defines the Business
- 3. Market, Products and Pricing
- 4. Regulation and Food Safety
- 5. SWOT and Competitive Position
- 6. Operations
- 7. Financial Plan
- 8. Break-Even and Debt Service
- 9. Investment Analysis
- 10. Sensitivity and Scenario Analysis
- 11. Risk Analysis
- 12. Implementation Roadmap
- 13. Key Performance Indicators
- 14. Key Assumptions
- 15. Conclusion and Recommendation
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Volume, Kernel and Cost Schedules
- C. Appendix C: Funding, Debt and Working Capital Schedules
- D. Appendix D: Risk Register
- E. Appendix E: Glossary
|
R unless stated |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|
|
Tonnes produced |
900 |
1 380 |
1 720 |
1 990 |
2 150 |
|
Share of national market |
3.3% |
5.0% |
6.2% |
7.2% |
7.8% |
|
Capacity utilisation |
74.1% |
61.4% |
76.5% |
88.5% |
95.6% |
|
Own-brand share of volume |
30% |
38% |
43% |
46% |
49% |
|
Blended price per kg |
R56.16 |
R60.97 |
R65.63 |
R70.26 |
R75.22 |
|
Revenue |
50 543 182 |
84 139 322 |
112 889 099 |
139 826 923 |
161 719 552 |
|
Kernel cost |
(23 622 300) |
(38 684 160) |
(51 493 360) |
(63 628 260) |
(73 418 200) |
|
Kernel cost as % of revenue |
46.7% |
46.0% |
45.6% |
45.5% |
45.4% |
|
Packaging |
(5 836 500) |
(9 696 126) |
(12 973 675) |
(16 018 703) |
(18 468 017) |
|
Conversion |
(4 842 000) |
(7 855 015) |
(10 358 147) |
(12 679 215) |
(14 493 171) |
|
Trade spend |
(1 288 851) |
(2 717 700) |
(4 126 097) |
(5 467 233) |
(6 735 619) |
|
Outbound logistics and additives |
(2 790 000) |
(4 526 124) |
(5 968 449) |
(7 305 867) |
(8 351 083) |
|
Gross profit |
12 163 531 |
20 660 197 |
27 969 371 |
34 727 645 |
40 253 462 |
|
Contribution per tonne |
13 515 |
14 971 |
16 261 |
17 451 |
18 723 |
|
Fixed cash costs |
(15 690 142) |
(19 401 600) |
(20 468 688) |
(21 594 466) |
(22 782 161) |
|
EBITDA |
(3 526 611) |
1 258 597 |
7 500 683 |
13 133 179 |
17 471 301 |
|
EBITDA margin |
-7.0% |
1.5% |
6.6% |
9.4% |
10.8% |
|
Depreciation |
(4 411 667) |
(4 751 667) |
(4 751 667) |
(4 751 667) |
(4 751 667) |
|
Finance costs |
(4 682 200) |
(4 682 200) |
(4 209 751) |
(3 683 349) |
(3 096 831) |
|
Profit / (loss) before tax |
(19 340 478) |
(8 175 270) |
(1 460 735) |
4 698 163 |
9 622 803 |
|
Taxation |
— |
— |
— |
(253 701) |
(519 631) |
|
Profit / (loss) after tax |
(19 340 478) |
(8 175 270) |
(1 460 735) |
4 444 462 |
9 103 172 |
|
Cumulative profit / (deficit) |
(19 340 478) |
(27 515 748) |
(28 976 483) |
(24 532 021) |
(15 428 849) |
|
Cash generated from operations |
(16 033 129) |
(8 621 823) |
(1 164 445) |
5 012 040 |
10 447 327 |
|
Capital deployed |
(47 400 000) |
(3 400 000) |
— |
— |
— |
|
Debt capital repaid |
— |
(4 137 029) |
(4 609 478) |
(5 135 880) |
(5 722 398) |
|
Closing cash |
7 600 000 |
7 600 000 |
7 600 000 |
7 600 000 |
11 600 000 |
|
Working capital employed |
7 824 318 |
13 022 538 |
17 477 915 |
21 662 004 |
25 069 516 |
|
Working capital facility drawn |
3 633 129 |
19 791 981 |
25 565 904 |
25 689 744 |
24 964 815 |
|
Total assets |
62 476 883 |
68 926 861 |
70 839 715 |
72 353 775 |
76 683 827 |
|
Term facilities outstanding |
41 000 000 |
36 862 971 |
32 253 493 |
27 117 613 |
21 395 215 |
|
Total equity |
13 779 522 |
5 604 252 |
4 143 517 |
8 587 979 |
17 691 151 |
|
Debt service cover |
-0.75x |
0.14x |
0.85x |
1.49x |
1.98x |
|
Gearing |
76.4% |
91.0% |
93.3% |
86.0% |
72.4% |