H2-FH24A flender car Helical gear box H2

Flender/Flender Gear Units/Helical gear box H2

ba/$.. exchange rate. -9 Timing of Cash Flows All cash flows . assumed to be received or disbursed in the middle of the year in which they occur. Thus, all cash flows are discounted back to their present values from the middle of the fiscal year in which they occur to July 1, 1. * Exclusion of Debt The financial projections and DCF analysis exclude all costs of debt. -IO Ingenio Victoria de Julio Scenaio Discounted Cash Flow Analy. (OOOs Cordobas) 0-Oct-9 1 1/9 1 1/9 1/9 1/9 1/9 IVJ Land (Manzanas) 8,6 8,6 8,5 8,6 8,6 8,6 Colono Land (Manzanas) 2,4 2,4 2,4 2,4 2,4 2,4 Total Land (Manzanas) 1,1 1,1 1,1 1,1 1,1 1,1 Agricultural Yield (Tons/Manzana) 3.2 3.2 3.2 3.2 3.2 3.2 Cane Harvested (Tons) 2,6 3,5 3,5 3,5 3,5.5 3,5 Cane Purchased (Tons) 8,7 9,2 9,2 9,2 9,2 9,2 Total Cane (Tons) 3,4 4,7 4,7 4,7 4,7 4,7 Industrial Yield (Quintals/Ton) 2.2 2.2 2.2 2.2 2.2 2.2 Sugar Produced (Quintals) 7,7 9,7 9,7 9,7 9,7 9,7 Average Porsonnel 1,8 1,8 1,8 1,8 1,8 1,8 Field Cost Per Ton ($US) $2.3 $2.0 $2.0 $2.0 $2.0 $2.0 Cash Operat. Cost Per Quirital ($US) $2.4 $1.2 $1.2 $1.2 $1.2 $1.2 1/9 1/9 1/9 . 1/9 1/9 1/9 REVENUES 8,7 8,7 8,7 8,7 8,7 OPERATING COSTS Field Costs Factory Costs Administrative Costs Depreciation 5,2 2,3 2,7 4,3 5,2 2,3 2,7 5,7 5,2 2,3 2,7 6,7 5,2 2,3 2,7 7,2 5,2 2,3 2,7 8,5 Total 9,6 9,0 9,0 9,5 1,9 PROFIT BEFORE TAX (1,9- (1, (1, (1, (2, TAX 2,2 2,2 2,2 2,3 2,3 PROFIT AFTER TAX (1, (1, (2. (2, (2, DEPRECIATION (+) 4,3 5,7 6,7 7,2 8,5 CAPITAL EXPENDITURES(-) 1,0 1,0 1,0 1,0 1,0 INCREASE IN NET WORKING CAPITAL (-) 1,9 0 0 0 0 CASH FLOW BEFORE LEVERAGE (2, (2, (2, (2, (2, NET PRESENT VALUE FLENDER GRAFFENSTADEN 1% (8, TERMINAL VALUE * 0 NET PRESENT VALUE FLENDER GRAFFENSTADEN 1% 0 FIRM .ALUE BEFORE LEVERAGE (8, Sensitivity Analysis of Firm Value Before Leverage Discount Rate 1% 1% 2% Average 9/9 6.9 (1, (1, (1, Sugar Price Hist. 7.0 (8, (8, (7, +5% 8.0 (7,0) (7, (6,6 The terminal value is th