XSMLT Nexus Logistics – Business Plan

Investment-grade business plan for XSMLT Nexus Logistics (Pty) Ltd — an R780-million raise (R460m DFI senior debt and R320m equity, R220m from a private-equity infrastructure investor and R100m from the sponsor) to build a vertically integrated cross-border mining and industrial logistics platform on the SA-Zambia-DRC copperbelt corridor, deploying an initial fleet of 220 vehicles, scaling to R2.8 billion of Year-5 revenue at a 27.0% EBITDA margin and more than 520 vehicle combinations, delivering a 33.4% ten-year project IRR and a 41.1% equity IRR at a conservative 6.0× EBITDA exit.

Confidential Information Memorandum & Funding Proposal

XSMLT Nexus Logistics

An investor-grade cross-border mining and industrial logistics platform for the SA–Zambia–DRC copperbelt corridor — a vertically integrated road-freight operation deploying an initial fleet of 220 vehicles with corridor depots, technology and security infrastructure, headquartered in Johannesburg with a Durban port depot — structured as an R780-million opportunity for development-finance institutions and equity investors.

Legal Entity

XSMLT Nexus Logistics (Pty) Ltd

Location

Johannesburg, South Africa · SA–Zambia–DRC corridor

Total Funding Sought

R780 million

Structure

R460m DFI senior debt + R320m equity

Year-5 Revenue

R2.8 billion

Year-5 EBITDA Margin

27.0%

Project IRR / Equity IRR

33.4% / 41.1% (10-yr)

Fleet (Yr 5) · Jobs

520+ combinations · 2,500+

Exit Multiple

6.0× EBITDA

Sector

Transport & Logistics — Cross-Border Mining Freight

The Opportunity

The Democratic Republic of Congo produced roughly three million tonnes of copper and 220,000 tonnes of cobalt in 2025 — the overwhelming majority of it hauled out along the SA–Zambia–DRC copperbelt corridor — yet the corridor’s logistics market is structurally constrained, fragmented and short of vertically integrated, well-capitalised operators. XSMLT Nexus Logistics captures this with an investor-grade cross-border mining and industrial logistics platform: a vertically integrated road-freight operation deploying an initial fleet of 220 vehicles with corridor depots, a technology platform and a purpose-built security model, headquartered in Johannesburg with a Durban port depot. An R780-million raise (R460 million of DFI senior debt and R320 million of equity — R220 million from a private-equity infrastructure investor and R100 million from the sponsor, with fleet-finance and revolving facilities alongside) funds the fleet and corridor build — scaling to R2.8 billion of Year-5 revenue at a 27.0% EBITDA margin, growing to more than 520 vehicle combinations and supporting over 2,500 direct jobs — delivering a 33.4% ten-year project IRR and a 41.1% equity IRR at a conservative 6.0× EBITDA exit.

Plan Contents

This investor-grade business plan is organised into the sections below. Each section is a dedicated page — select any to explore the full detail.

Confidentiality & Disclaimer

This confidential information memorandum (the “Memorandum”) has been
prepared by XSMLT Nexus Logistics (Pty) Ltd (“XSMLT Nexus” or the
“Company”) to provide prospective funders and investors with information
regarding its proposed cross-border mining and industrial logistics
platform operating across the Southern African Development Community,
with a core focus on the South Africa–Zambia–Democratic Republic of
Congo copperbelt corridor. It is furnished on a strictly confidential
basis to a limited number of sophisticated institutional recipients and
may not be reproduced or distributed, in whole or in part, without the
Company’s prior written consent.

This Memorandum does not constitute an offer to sell or a
solicitation of an offer to purchase securities in any jurisdiction, nor
financial advice as contemplated in the Financial Advisory and
Intermediary Services Act, 37 of 2002. Prospective investors should
conduct their own independent due diligence and obtain independent
legal, tax, technical and financial advice. The Company is a newly
conceived enterprise; while its operating architecture is informed by
the established regional logistics model of the XSMLT Group, XSMLT Nexus
is an independent venture and no representation is made that it is
affiliated with, endorsed by, or will replicate the results of any
existing operator.

The projections herein are forward-looking statements resting on
assumptions about mining production and export volumes in the DRC and
Zambia, cross-border freight rates, fuel prices, border clearance times,
exchange rates and interest rates — all inherently uncertain.
Cross-border mining logistics is exposed to acute, well-documented
risks: chronic congestion at the Kasumbalesa border (where over 1,500
trucks were stranded in a single 2025 event), infrastructure failures (a
key DRC copper-export bridge collapsed in early 2026), cargo theft and
hijacking, DRC regulatory volatility (including the 2025 cobalt export
embargo and subsequent quota regime), and the emerging substitution
threat from the Lobito rail corridor. Where this Memorandum identifies
weaknesses in the sponsor case — including large Year 1–2 losses once
full depreciation and interest are charged, sub-1.0x debt service cover
during ramp-up, and a fleet-finance and revolving-facility requirement
over and above the R780 million headline raise — these disclosures are
made deliberately.

Figures are in South African Rand (ZAR) unless stated; “m” and “bn”
denote millions and billions. Certain totals may not cast exactly due to
rounding. Industry statistics are drawn from public sources including
the SADC Secretariat, Cobalt Institute, Benchmark Mineral Intelligence,
Fastmarkets, Reuters, the DRC Ministry of Mines and corridor logistics
reporting, and are believed reliable but not independently verified.

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 XSMLT Nexus Logistics (Pty) Ltd.