Velocity Auto Restore — Appendices

Supporting appendices — the glossary of terms, the selected data sources and the financial-model notes underpinning the Velocity Auto Restore business plan and financial model.

Velocity Auto Restore Business PlanSection 18 › Appendices

Section 18 · Business Plan

Appendices

Supporting appendices — the glossary of terms, the selected data sources and the financial-model notes underpinning the Velocity Auto Restore business plan and financial model.

Appendix A — Glossary of Terms

Term Definition
ADAS Advanced Driver-Assistance Systems — sensors/cameras requiring calibration after repair
B-BBEE Broad-Based Black Economic Empowerment
DSP Digital Service Provider — insurer estimating/claims integration
EBITDA Earnings Before Interest, Tax, Depreciation & Amortisation
eNaTIS Electronic National Administration Traffic Information System (vehicle register)
IRR Internal Rate of Return
merSETA Manufacturing, Engineering & Related Services SETA (training authority)
naamsa National Association of Automobile Manufacturers of South Africa
OEM Original Equipment Manufacturer
PDR Paintless Dent Repair
QCTO Quality Council for Trades and Occupations
RMI Retail Motor Industry Organisation
SAIA South African Insurance Association
SAMBRA South African Motor Body Repairers’ Association
SADC Southern African Development Community

Table A.1 — Glossary.

Appendix B — Selected Data Sources

The market and industry statistics in this plan are derived from
publicly available sources, including:

  • Statistics South Africa — road-transport accident-death
    reporting
  • eNaTIS / naamsa — vehicle registration and new-vehicle sales
    data
  • South African Insurance Association (SAIA) —
    insurance-penetration commentary
  • Retail Motor Industry Organisation (RMI) & SAMBRA — repairer
    and skills data
  • Leading short-term insurers — repair-cost and write-off trend
    commentary
  • Global market-research houses — collision-repair market
    sizing

Note: all figures are indicative and should be
independently verified during due diligence. Forward-looking projections
are estimates and not guarantees of future performance.

Appendix C — Financial Model Notes

The three-statement model is built bottom-up and is internally
consistent: the balance sheet balances in every projected year and the
cash-flow statement reconciles to balance-sheet cash. The taxation line
incorporates the recognition of assessed-loss benefits and deferred tax
in the early, loss-making years, transitioning to a normal corporate-tax
charge at 27% as the group becomes profitable. Key sensitivities are set
out in Section 13.2. A full, editable spreadsheet model is available to
qualified investors under non-disclosure agreement as part of the
due-diligence data room.

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Velocity Auto Restore Group (Pty) Ltd.