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b) Capex
0 1 2
Investment in machine ( 30,000)
c) Working capital
Cash 2%
A/R 4%
Inventory 9%
A/P 5%
0 1 2
Sales - 36,000 39,600
Cash - 720 792
A/R - 1,440 1,584
Inventory - 3,240 3,564
A/P - 1,800 1,980
NWC - 3,600 3,960
b) Capex
3 0 1 2
Investment in machi (30,000)
c) Working capital
Cash 2%
A/R 4%
Inventory 9%
A/P 5%
3 0 1 2
43,560 Sales - 36,000 39,600
871 Cash - 720 792
1,742 A/R - 1,440 1,584
3,920 Inventory - 3,240 3,564
2,178 A/P - 1,800 1,980
4,356 NWC - 3,600 3,960
Year 0 Year 1
2009 2010
Total sales revenues 400,000,000.00
Operational cost 92,000,000.00
Maintenance cost 28,000,000.00
Total Cost 120,000,000.00
EBITDA 280,000,000.00
Depreciation expenses - 125,850,000.00
EBIT 154,150,000.00
TAX 32% - 49,328,000.00
NOPAT 104,822,000.00
Add Back Depreciation expenses 230,672,000.00
PI -20.49% 583485590.738031
Break-even
Actual rate value
Cost of capital 20% 36%
Revenue increase 21% 0%
Oprationnal Cost 23% 54%
Maintenance Cost first 4 7% 71%
Maintenance Cost last 4 6% 67%
0 0 0 0
%40%45%50%
Year 6 Year 7 Year 8
2015 2016 2017
1,037,496,984.04 1,255,371,350.69 1,518,999,334.33
238,624,306.33 288,735,410.66 349,369,846.90
62,249,819.04 75,322,281.04 91,139,960.06
300,874,125.37 364,057,691.70 440,509,806.96
736,622,858.67 891,313,658.99 1,078,489,527.38
- 75,510,000.00 - 50,340,000.00 - 33,560,000.00
661,112,858.67 840,973,658.99 1,044,929,527.38
- 211,556,114.77 - 269,111,570.88 - 334,377,448.76
449,556,743.89 571,862,088.11 710,552,078.62
525,066,743.89 622,202,088.11 744,112,078.62
0 0 0
Year 0 Year 1
2009 2010
Total sales revenues 400,000,000.00
Operational cost 92,000,000.00
Maintenance cost 28,000,000.00
Total Cost 120,000,000.00
EBITDA 280,000,000.00
Depreciation expenses - 125,850,000.00
EBIT 154,150,000.00
TAX 32% - 49,328,000.00
NOPAT 104,822,000.00
Add Back Depreciation expenses 230,672,000.00
Cash flow from
###
operations
Year 0 Year 1
2009 2010
Cash flow from operations 230,672,000
WORKING CAPITAL
Working capital 40,000,000
Change in working capital -40,000,000 -10,000,000
CAPEX
Investment -839,000,000
TOTAL CAPEX -839,000,000 0
FCF
PI 90.72% 583485590.738031
114 110
0 0 0 0
0 0 0
Year 0 Year 1
2009 2010
Total sales revenues 400,000,000.00
Operational cost 92,000,000.00
Maintenance cost 28,000,000.00
Total Cost 120,000,000.00
EBITDA 280,000,000.00
Depreciation expenses - 125,850,000.00
EBIT 154,150,000.00
TAX 32% - 49,328,000.00
NOPAT 104,822,000.00
Add Back Depreciation expenses 230,672,000.00
Cash flow from
###
operations
Year 0 Year 1
2009 2010
Cash flow from operations 230,672,000
WORKING CAPITAL
Working capital 40,000,000
Change in working capital -40,000,000 -10,000,000
CAPEX
Investment -839,000,000
TOTAL CAPEX -839,000,000 0
FCF
PI 41.17% 583485590.738031
114 110
0 0 0 0
0 0 0