SA Premier Poultry Business Plan — Appendix A: Consolidated Financial Summary
Consolidated five-year summary: birds a day, shifts, tonnes, 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. Scale and Business Model
- 3. Registration, Food Safety and Compliance
- 4. Market and Customers
- 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: Throughput, Yield 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 |
|---|---|---|---|---|---|
|
Birds a day |
4 800 |
6 800 |
8 000 |
11 000 |
14 000 |
|
Shifts |
1 |
1 |
1 |
2 |
2 |
|
Birds a year |
1 224 000 |
1 734 000 |
2 040 000 |
2 805 000 |
3 570 000 |
|
Own-account birds |
753 338 |
1 238 932 |
1 579 058 |
2 226 985 |
2 905 130 |
|
Contract slaughter birds |
461 399 |
481 636 |
445 209 |
556 510 |
637 457 |
|
Own-account share |
62.0% |
72.0% |
78.0% |
80.0% |
82.0% |
|
Dressed product, tonnes |
1 072 |
1 763 |
2 247 |
3 169 |
4 134 |
|
Dressed product revenue |
53 023 933 |
92 292 432 |
124 450 011 |
185 685 799 |
256 285 228 |
|
By-product revenue |
3 931 168 |
6 842 516 |
9 226 663 |
13 766 654 |
19 000 861 |
|
Contract slaughter fees |
4 429 431 |
4 891 879 |
4 784 175 |
6 327 072 |
7 667 721 |
|
Total revenue |
61 384 533 |
104 026 827 |
138 460 849 |
205 779 525 |
282 953 809 |
|
Live bird purchases |
(36 981 740) |
(64 494 727) |
(87 135 638) |
(130 263 386) |
(180 139 970) |
|
Processing costs |
(8 953 715) |
(13 603 489) |
(17 095 780) |
(25 012 506) |
(33 873 223) |
|
Fixed cash costs |
(19 623 884) |
(20 703 197) |
(21 841 873) |
(28 503 398) |
(30 071 085) |
|
EBITDA |
(4 174 807) |
5 225 414 |
12 387 558 |
22 000 234 |
38 869 531 |
|
EBITDA margin |
-6.8% |
5.0% |
8.9% |
10.7% |
13.7% |
|
Depreciation |
(5 882 381) |
(5 882 381) |
(5 882 381) |
(7 065 714) |
(7 065 714) |
|
Finance costs |
(5 762 072) |
(5 762 072) |
(5 762 072) |
(5 034 432) |
(4 226 534) |
|
Profit / (loss) before tax |
(21 239 260) |
(6 419 039) |
743 105 |
9 900 088 |
27 577 283 |
|
Taxation |
— |
— |
— |
(534 605) |
(2 317 183) |
|
Profit / (loss) after tax |
(21 239 260) |
(6 419 039) |
743 105 |
9 365 483 |
25 260 100 |
|
Cumulative profit / (deficit) |
(21 239 260) |
(27 658 299) |
(26 915 194) |
(17 549 711) |
7 710 389 |
|
Cash generated from operations |
(18 261 220) |
(6 298 944) |
1 971 229 |
7 312 980 |
21 868 362 |
|
Capital deployed |
(74 530 000) |
— |
— |
(14 200 000) |
— |
|
Debt capital repaid |
— |
— |
(6 596 913) |
(7 324 553) |
(8 132 451) |
|
Closing cash |
3 000 000 |
3 000 000 |
3 000 000 |
892 579 |
5 999 999 |
|
Working capital employed |
8 324 341 |
14 086 627 |
18 740 884 |
27 859 101 |
38 316 553 |
|
Facility drawn |
971 220 |
7 270 164 |
11 895 848 |
24 000 000 |
15 371 510 |
|
Total assets |
80 681 199 |
81 088 750 |
80 294 835 |
95 267 025 |
104 722 721 |
|
Term facilities outstanding |
52 240 000 |
52 240 000 |
45 643 087 |
38 318 534 |
30 186 083 |
|
Total equity |
26 760 740 |
20 341 701 |
21 084 806 |
30 450 289 |
55 710 389 |
|
Debt service cover |
-0.72x |
0.91x |
1.00x |
1.78x |
3.15x |
|
Gearing |
66.5% |
74.5% |
73.2% |
67.2% |
45.0% |