Executive Overview
Comprehensive strategic intelligence and investment opportunity analysis
Total Investment
R89.1M
70% Debt / 30% Equity
Target IRR
24.5%
Base Case Equity Returns
EBITDA (2030)
R24.9M
24.5% Margin
Production Capacity
13.42ha
9.87ha Greenhouse + 3.55ha Shade
DSCR (Year 5)
2.85x
Well Above Covenant
Export Premium
4.8x
R54.8k vs R11.7k/ton
Income Statement
Revenue formation, cost structure, and profitability trajectory
Cash Flow Statement
Operating flows, CAPEX deployment, and DSCR analysis
Detailed Model
Interactive scenario modeling and sensitivity analysis
Investment Highlights
Proven Protected Horticulture Model
13.42ha climate-controlled production delivering 1,852 tons at full capacity with 95% utilization targeting premium export markets
Strong Export Premium Capture
4.8x pricing differential (R54,800 vs R11,700/ton) with 87% export mix by Year 5 accessing EU and Middle East markets
Clear Path to Profitability
EBITDA positive by Year 2, net profit positive by Year 4, reaching R10.04M by Year 5 with 9.9% margin
Robust Debt Service Coverage
DSCR of 2.85x by Year 5, providing 111% buffer above 1.35x covenant with strong liquidity headroom
Operational Leverage Benefits
Gross margin expansion from 26.9% to 38.0% as fixed costs spread over 332% revenue growth
Scalable Hub Model
Foundation for 10-hub national rollout targeting R1.0B+ revenue by 2035 with proven operational playbook