VinoVista Estates — Appendices
A.1 Production Assumptions
Section 20 · Business Plan
Appendices
A.1 Production Assumptions
Appendix A: Detailed Assumptions
A.1 Production Assumptions
| Assumption | Value |
|---|---|
| Total vineyard area | 130 hectares planted (150 ha total) |
| Vine density | 4,500 vines per hectare |
| Year 1 yield (new vines) | 0 tonnes (establishment year) |
| Year 2 yield | 60% of full yield |
| Full yield (from Year 3) | 9–12 tonnes per hectare |
| Wine conversion ratio | 750 litres per tonne |
| Bottles per tonne | 1,000 bottles (750 ml) |
| Grape retention for estate wine (Y5) | 30% of total harvest |
| Annual grape price escalation | 5% per annum |
| Annual cost escalation | 5.5% per annum (CPI + 0.5%) |
| Corporate tax rate | 27% (from FY2024 onwards) |
| VAT rate | 15% |
| Discount rate for NPV | 14% (WACC) |
A.2 Tourism Assumptions
| Assumption | Value |
|---|---|
| Tasting room capacity | 50 guests at a time |
| Restaurant capacity | 80 covers |
| Event venue capacity | 200 guests |
| Annual visitors (Year 2) | 5,000 |
| Annual visitors (Year 5) | 25,000 |
| Average spend per tasting room visitor | R350 |
| Average restaurant cover value | R450 |
| Events per year (Year 5) | 50 |
| Average event revenue | R80,000 |
Appendix B: Glossary of Terms
| Term | Definition |
|---|---|
| B-BBEE | Broad-Based Black Economic Empowerment – South Africa’s transformation legislation |
| Brix | Measurement of sugar content in grape juice; indicator of grape ripeness |
| CAGR | Compound Annual Growth Rate |
| CAPEX | Capital Expenditure |
| COGS | Cost of Goods Sold |
| EBITDA | Earnings Before Interest, Tax, Depreciation & Amortisation |
| EIA | Environmental Impact Assessment |
| IFRS | International Financial Reporting Standards |
| IPM | Integrated Pest Management |
| IPW | Integrated Production of Wine – SA’s sustainability certification |
| IRR | Internal Rate of Return |
| NPV | Net Present Value |
| PPECB | Perishable Products Export Control Board |
| SARS | South African Revenue Service |
| VSP | Vertical Shoot Positioning – a vine training system |
| WIETA | Wine Industry Ethical Trade Association |
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