Mega Farm Numbers Revised
Source
http://www.sec.gov/Archives/edgar/data/1488419/000114420414022107/v372624_ex10-40.htm
Sales Sales Profit Profit Profit EPS 5-Year Farm
Capacity Eel Prawn Sales Consult Total Shares Growth Growth Value
Year (MT) (MT) (MT) (MIL) (MIL) (MIL) (MIL) EPS Rate(%) Rate(%) /share
1 2014 0 0 0 0 25 25 16 1.56 50 $79
2 2015 2,300 2,000 1,633 25 35 60 18 3.34 114 33 $110
3 2016 8,000 3,000 7,000 57 45 102 21 4.87 46 28 $138
4 2017 14,000 4,000 12,667 91 55 146 22 6.62 36 25 $165
5 2018 24,000 5,000 22,333 141 60 201 23 8.76 32 22 $193
6 2019 36,000 6,000 34,000 201 60 261 24 10.87 24 21 $223
7 2020 50,000 7,000 47,667 269 60 329 24 13.71 26 18 $249
8 2021 66,000 8,000 63,333 346 60 406 24 16.90 23 16 $270
9 2022 82,000 9,000 79,000 422 60 482 24 20.10 19 14 $289
10 2023 100,000 10,000 96,667 508 60 568 24 23.65 18 13 $304
11 2024 120,000 11,000 116,333 602 60 662 24 27.57 17 11 $313
12 2025 140,000 12,000 136,000 696 60 756 24 31.48 14 10 $320
13 2026 160,000 13,000 155,667 789 60 849 24 35.40 12 9 $326
14 2027 180,000 14,000 175,333 883 60 943 24 39.31 11 8 $331
15 2028 200,000 15,000 195,000 977 60 1,037 24 43.23 10 8 $335
16 2029 220,000 16,000 214,667 1,071 60 1,131 24 47.14 9
17 2030 240,000 17,000 234,333 1,165 60 1,225 24 51.06 8
18 2031 260,000 18,000 254,000 1,259 60 1,319 24 54.97 8
19 2032 280,000 19,000 273,667 1,353 60 1,413 24 58.89 7
20 2033 300,000 20,000 293,333 1,447 60 1,507 24 62.80 7
21 2034 300,000 20,000 293,333 1,447 0 1,447 24 60.30 -4
Profit Sales (MIL) calculated as the sum of
- Sales eels * $25/kg * 12% net margin (Marketing & Distribution)
- Sales prawn * $12/kg * 12% net margin (Marketing & Distribution)
- 25% ownership, resulting in 25% of 48% = 12% net margin
- 12% net margin on wholesale/export
= 36% on total sales
