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Solar Plan 20/20 ofrece una garantíía de cobro de servicio de energíía eleí ctrica 20% por debajo d
Esta oferta viene con un contrato de garantíía con 20 anñ os de plazo.
Los paneles son instalados por Lennar pero son propiedad de Sunstreet y su costo total por un
2. Sunstreet estima un capital de trabajo inicial (final del anñ o 0) para operaciones de
Saldo
Inventario 8,412,500
CXC 7,137,500
CXP 9,847,500
Otro pasivo op 3,202,500
4% anual
2.2%
2.6%
2.1%
34%
0) para operaciones de
Rotacioí n (díías) para anñ os siguientes Rotacioí n en Veces
85 del costo 4.2352941176
35 del ingreso 10.2857142857
90 del costo 4
100 del gasto de AyV 3.6
poyo se estiman
USD 260 por cada unidad en servicio
USD 335 por cada unidad en servicio
USD 2,055,000 en total
22,500,000
8,412,500
7,137,500
460,250,000
$ 498,300,000
9,847,500
3,202,500
24,632,500
202,500,000
$ 240,182,500
152,875,000
$ 105,242,500
$ 498,300,000
7.50% anual,
50% del activo
8.30% anual.
1 anñ o
6.0% anual.
6 7 8
1.0% 1.0% 0.5%
27,067 27,338 27,475
0 1
Costo de los paneles por unidad
( DEPRECIACIOÓ N ) USD 5,000 USD 4,800
Casas Nuevas - 1,250.00
Depreciacioí n comprados en el anñ o 0 USD 6,903,750 USD 6,903,750
Depreciacioí n comprados en el anñ o 1 USD 300,000.00
Depreciacioí n comprados en el anñ o 2
Depreciacioí n comprados en el anñ o 3
Depreciacioí n comprados en el anñ o 4
Depreciacioí n comprados en el anñ o 5
Depreciacioí n comprados en el anñ o 6
Depreciacioí n comprados en el anñ o 7
Depreciacioí n comprados en el anñ o 8
Depreciacioí n comprados en el anñ o 9
Depreciacioí n comprados en el anñ o 10
Depreciacioí n Anual Total Paneles USD 6,903,750 USD 7,203,750
0 1
Costo del equipo por unidad USD 2,500 USD 2,553
Nuí mero de Casas Nuevas - 1,250.00
Depreciacioí n comprados en el anñ o 0 USD 4,602,500 USD 4,602,500
Depreciacioí n comprados en el anñ o 1 USD 319,063
Depreciacioí n comprados en el anñ o 2
Depreciacioí n comprados en el anñ o 3
Depreciacioí n comprados en el anñ o 4
Depreciacioí n comprados en el anñ o 5
Depreciacioí n comprados en el anñ o 6
Depreciacioí n comprados en el anñ o 7
Depreciacioí n comprados en el anñ o 8
Depreciacioí n comprados en el anñ o 9
Depreciacioí n comprados en el anñ o 10
Depreciacioí n Anual Total Equipos USD 4,602,500 USD 4,921,563
Costos
0 1
Nuí mero de Casas 56,000.000 57,250.000
Administracioí n y Ventas por unidad USD 0.00 USD 260.00
Administracioí n y Ventas Total USD 0.00 USD 14,885,000.00
Personal de apoyo Unidad USD 0.00 USD 335.00
Personal de apoyo Total USD 19,178,750.00
Gastos Generales USD 0.00 USD 2,055,000.00
Total Costos 0 USD 36,118,750
Anñ os 1
Ventas 107,844,710.400
Costos USD 45,111,563
Depreciacioí n Paneles USD 7,203,750
Depreciacioí n Equipos USD 4,921,563
Personal de Apoyo USD 19,178,750
Depreciacioí n otros PPE USD 13,807,500
UTILIDAD BRUTA USD 62,733,148
Costos y gastos operacionales USD 14,885,000
Gastos Administracioí n y Ventas USD 14,885,000
Utilidad operacional USD 47,848,148
Gastos No Operacionales USD 23,782,950
Overhead Admon. Central USD 2,055,000
Intereses Deuda CP USD 1,477,950
Intereses Deuda LP USD 20,250,000
UAI USD 24,065,198
Impuestos USD 8,182,167
Utilidad Neta USD 15,883,031
Anñ os 0 1
Efectivo y equivalentes USD 22,500,000 USD 3,601,169
Efectivo USD 22,500,000 USD 119,859,808
Pago intereses LP USD 0 USD 13,668,750
Pago a Capital Deudas LP USD 0 USD 20,250,000
Pago intereses CP USD 0 USD 1,477,950
Pago a Capital Deudas CP USD 0 USD 24,632,500
Pago Personal de Apoyo USD 0 USD 19,178,750
Pago Gastos de Admon y Ventas USD 0 USD 14,885,000
Pago Overhead Admon Central USD 0 USD 2,055,000
Pago Paneles USD 0 USD 6,000,000
Pago Equipo USD 0 USD 3,190,625
Pago Impuestos USD 0 USD 10,920,064
Inventario 8,412,500 USD 10,651,341
CXC 7,137,500 USD 10,484,902
PPE e Intangibles 460,250,000 USD 425,416,875
Costo de Paneles USD 138,075,000 USD 144,075,000
Costo de Equipos USD 46,025,000 USD 44,613,125
Depreciacioí n de Paneles USD 7,203,750
Depreciacioí n de Equipo de Control USD 4,602,500
Otros PPE e intangibles 276,150,000 262,342,500
Depreciacioí n de otros PPE USD 13,807,500 USD 13,807,500
TOTAL ACTIVO USD 498,300,000 USD 566,412,927
CXP 9,847,500 USD 11,277,891
Otro pasivo op 3,202,500 USD 4,134,722
Obligaciones bancarias 24,632,500 0
Deuda LP 202,500,000 182,250,000
TOTAL PASIVO USD 240,182,500 USD 197,662,613
Utilidad ret. 152,875,000 168,758,031
Pasivo+Utilidades Retenidas 393,057,500 366,420,643
Capital socios $ 105,242,500 $ 199,992,283
TOTAL PASIVO + PATRIMONIO USD 498,300,000 USD 566,412,927
RAZOÓ N DE ENDEUDAMIENTO 0.482003813 0.3489726374
Anñ o 0 1
NOPAT
DEPRECIACIONES
AMORTIZACIONES NO FINANCIERAS
FCB
CAMBIO EN KTNO
CAMBIO EN ANCO
FCL
CAMBIO EN DEUDA
INTERSES (1-TX)
FLUJO DE CAJA ACCIONISTA
CAMBIO EN APORTES A CAPITAL
DIVIDENDOS
FCN
Consumo de energíía de los hogares
2 3 4 5
26,775.000 27,310.500 27,720.158 27,997.359
57,775.000 58,310.500 58,720.158 58,997.359
525.000 535.500 409.658 277.202
0.313 0.320 0.327 0.334
0.251 0.256 0.262 0.268
1,925.193 1,967.547 2,010.833 2,055.072
111,228,020.306 114,728,658.253 118,076,441.632 121,243,792.410
9 10
0.5% 0.5%
27,612 27,750
0.5% 0.5%
28,991 29,136
PANELES
2 3 4 5
EQUIPOS
2 3 4 5
USD 2,619 2686.95549 USD 2,757 USD 2,828
525.00 535.50 409.66 277.20
USD 4,602,500 USD 4,602,500 USD 4,602,500 USD 4,602,500
USD 319,063 USD 319,063 USD 319,063 USD 319,063
USD 137,490 USD 137,490 USD 137,490 USD 137,490
143886.4664895 USD 143,886 USD 143,886
USD 112,935 USD 112,935
USD 78,406
Estado de Resultados
2 3 4 5
111,228,020.306 114,728,658.253 118,076,441.632 121,243,792.410
USD 45,548,534 USD 45,995,496 USD 46,338,485 USD 46,571,369
USD 7,327,356 USD 7,451,039 USD 7,543,858 USD 7,605,473
USD 5,059,053 USD 5,202,939 USD 5,315,874 USD 5,394,281
USD 19,354,625 USD 19,534,018 USD 19,671,253 USD 19,764,115
USD 13,807,500 USD 13,807,500 USD 13,807,500 USD 13,807,500
USD 65,679,486 USD 68,733,163 USD 71,737,956 USD 74,672,424
USD 15,021,500 USD 15,160,730 USD 15,267,241 USD 15,339,313
USD 15,021,500 USD 15,160,730 USD 15,267,241 USD 15,339,313
USD 50,657,986 USD 53,572,433 USD 56,470,715 USD 59,333,110
USD 15,723,750 USD 14,356,875 USD 13,126,688 USD 12,019,519
USD 2,055,000 USD 2,055,000 USD 2,055,000 USD 2,055,000
USD 0 USD 0 USD 0 USD 0
USD 13,668,750 USD 12,301,875 USD 11,071,688 USD 9,964,519
USD 34,934,236 USD 39,215,558 USD 43,344,028 USD 47,313,592
USD 11,877,640 USD 13,333,290 USD 14,736,969 USD 16,086,621
USD 23,056,596 USD 25,882,268 USD 28,607,058 USD 31,226,970
BALANCE GENERAL
2 3 4 5
USD 19,168,154 USD 37,669,384 USD 59,970,569 USD 85,979,785
USD 104,015,354 USD 122,742,637 USD 144,266,171 USD 169,426,770
USD 12,301,875 USD 11,071,688 USD 9,964,519 USD 8,968,067
USD 20,250,000 USD 20,250,000 USD 20,250,000 USD 20,250,000
USD 0 USD 0 USD 0 USD 0
USD 0 USD 0 USD 0 USD 0
USD 19,354,625 USD 19,534,018 USD 19,671,253 USD 19,764,115
USD 15,021,500 USD 15,160,730 USD 15,267,241 USD 15,339,313
USD 2,055,000 USD 2,055,000 USD 2,055,000 USD 2,055,000
USD 2,472,120 USD 2,473,653 USD 1,856,390 USD 1,232,290
USD 1,374,904 USD 1,438,865 USD 1,129,350 USD 784,063
USD 12,017,176 USD 13,089,301 USD 14,101,850 USD 15,054,137
USD 10,754,515 USD 10,860,048 USD 10,941,031 USD 10,996,018
USD 10,813,835 USD 11,154,175 USD 11,479,654 USD 11,787,591
USD 404,580,533 USD 383,666,046 USD 361,922,057 USD 339,441,576
USD 139,219,764 USD 134,242,378 USD 128,554,910 USD 122,181,727
USD 42,882,188 USD 41,013,760 USD 39,001,445 USD 36,876,196
USD 7,327,356 USD 7,451,039 USD 7,543,858 USD 7,605,473
USD 4,921,563 USD 5,059,053 USD 5,202,939 USD 5,315,874
248,535,000 234,727,500 220,920,000 207,112,500
USD 13,807,500 USD 13,807,500 USD 13,807,500 USD 13,807,500
USD 530,164,237 USD 528,422,906 USD 528,608,914 USD 531,651,955
USD 11,387,133 USD 11,498,874 USD 11,584,621 USD 11,642,842
USD 4,172,639 USD 4,211,314 USD 4,240,900 USD 4,260,920
0 0 0 0
164,025,000 147,622,500 132,860,250 119,574,225
USD 179,584,772 USD 163,332,688 USD 148,685,772 USD 135,477,988
191,814,627 217,696,895 246,303,953 277,530,924
371,399,399 381,029,583 394,989,725 413,008,911
$ 158,764,838 $ 147,393,323 $ 133,619,189 $ 118,643,043
USD 530,164,237 USD 528,422,906 USD 528,608,914 USD 531,651,955
0.3387342257 0.30909464 0.281277458 0.2548245828
FLUJO DE CAJA
2 3 4 5
gares
6 7 8 9
28,277.333 28,560.106 28,845.707 28,989.936
59,277.333 59,560.106 59,845.707 59,989.936
279.974 282.773 285.601 144.229
0.342 0.349 0.357 0.365
0.273 0.279 0.286 0.292
2,100.283 2,146.489 2,193.712 2,241.974
124,499,179.643 127,845,131.521 131,284,250.912 134,495,861.022
6 7 8 9
6 7 8 9
USD 2,902 USD 2,977 USD 3,055 USD 3,134
279.97 282.77 285.60 144.23
USD 4,602,500 USD 4,602,500 USD 4,602,500 USD 4,602,500
USD 319,063 USD 319,063 USD 319,063 USD 319,063
USD 137,490 USD 137,490 USD 137,490 USD 137,490
USD 143,886 USD 143,886 USD 143,886 USD 143,886
USD 112,935 USD 112,935 USD 112,935 USD 112,935
USD 78,406 USD 78,406 USD 78,406 USD 78,406
USD 81,249 USD 81,249 USD 81,249 USD 81,249
USD 84,195 USD 84,195 USD 84,195
USD 87,248 USD 87,248
USD 45,206
al de Apoyo
6 7 8 9
59,277.333 59,560.106 59,845.707 59,989.936
USD 260.00 USD 260.00 USD 260.00 USD 260.00
USD 15,412,106.49 USD 15,485,627.56 USD 15,559,883.83 USD 15,597,383.25
USD 335.00 USD 335.00 USD 335.00 USD 335.00
USD 19,857,906.44 USD 19,952,635.51 USD 20,048,311.86 USD 20,096,628.42
USD 2,055,000.00 USD 2,055,000.00 USD 2,055,000.00 USD 2,055,000.00
USD 37,325,013 USD 37,493,263 USD 37,663,196 USD 37,749,012
6 7 8 9
124,499,179.643 127,845,131.521 131,284,250.912 134,495,861.022
USD 46,807,457 USD 47,046,869 USD 47,289,725 USD 47,412,938
USD 7,666,521 USD 7,727,008 USD 7,786,939 USD 7,816,630
USD 5,475,530 USD 5,559,725 USD 5,646,974 USD 5,692,180
USD 19,857,906 USD 19,952,636 USD 20,048,312 USD 20,096,628
USD 13,807,500 USD 13,807,500 USD 13,807,500 USD 13,807,500
USD 77,691,722 USD 80,798,262 USD 83,994,526 USD 87,082,923
USD 15,412,106 USD 15,485,628 USD 15,559,884 USD 15,597,383
USD 15,412,106 USD 15,485,628 USD 15,559,884 USD 15,597,383
USD 62,279,616 USD 65,312,635 USD 68,434,642 USD 71,485,540
USD 11,023,067 USD 10,126,260 USD 9,319,134 USD 8,592,721
USD 2,055,000 USD 2,055,000 USD 2,055,000 USD 2,055,000
USD 0 USD 0 USD 0 USD 0
USD 8,968,067 USD 8,071,260 USD 7,264,134 USD 6,537,721
USD 51,256,549 USD 55,186,375 USD 59,115,508 USD 62,892,819
USD 17,427,227 USD 18,763,367 USD 20,099,273 USD 21,383,558
USD 33,829,322 USD 36,423,007 USD 39,016,235 USD 41,509,261
6 7 8 9
USD 114,706,491 USD 146,153,946 USD 180,333,209 USD 218,150,803
USD 198,374,878 USD 230,122,235 USD 264,674,450 USD 301,753,084
USD 8,071,260 USD 7,264,134 USD 6,537,721 USD 5,883,949
USD 20,250,000 USD 20,250,000 USD 20,250,000 USD 20,250,000
USD 0 USD 0 USD 0 USD 0
USD 0 USD 0 USD 0 USD 0
USD 19,857,906 USD 19,952,636 USD 20,048,312 USD 20,096,628
USD 15,412,106 USD 15,485,628 USD 15,559,884 USD 15,597,383
USD 2,055,000 USD 2,055,000 USD 2,055,000 USD 2,055,000
USD 1,220,965 USD 1,209,745 USD 1,198,627 USD 593,806
USD 812,493 USD 841,954 USD 872,483 USD 452,060
USD 15,988,655 USD 16,909,193 USD 17,819,214 USD 18,673,455
USD 11,051,761 USD 11,108,289 USD 11,165,630 USD 11,194,721
USD 12,104,087 USD 12,429,388 USD 12,763,747 USD 13,075,986
USD 316,845,410 USD 294,094,005 USD 271,184,966 USD 247,581,354
USD 115,736,172 USD 109,218,908 USD 102,630,596 USD 95,407,772
USD 34,672,540 USD 32,387,635 USD 30,018,535 USD 27,562,186
USD 7,666,521 USD 7,727,008 USD 7,786,939 USD 7,816,630
USD 5,394,281 USD 5,475,530 USD 5,559,725 USD 5,646,974
193,305,000 179,497,500 165,690,000 151,882,500
USD 13,807,500 USD 13,807,500 USD 13,807,500 USD 13,807,500
USD 538,376,135 USD 547,753,917 USD 559,788,792 USD 573,605,146
USD 11,701,864 USD 11,761,717 USD 11,822,431 USD 11,853,234
USD 4,281,141 USD 4,301,563 USD 4,322,190 USD 4,332,606
0 0 0 0
107,616,803 96,855,122 87,169,610 78,452,649
USD 123,599,808 USD 112,918,403 USD 103,314,231 USD 94,638,490
311,360,246 347,783,253 386,799,488 428,308,749
434,960,053 460,701,656 490,113,720 522,947,239
$ 103,416,082 $ 87,052,261 $ 69,675,072 $ 50,657,907
USD 538,376,135 USD 547,753,917 USD 559,788,792 USD 573,605,146
0.2295789122 0.2061480517 0.1845593066 0.1649889137
6 7 8 9
10
29,134.885
60,134.885
144.950
0.373
0.298
2,291.297
137,786,892.752
10
USD 4,039
144.95
USD 6,903,750
USD 300,000.00
USD 123,606.00
USD 123,682.64
USD 92,819.49
USD 61,614.51
USD 61,048.27
USD 60,487.23
USD 59,931.36
USD 29,690.29
USD 29,271.81
USD 7,845,902
10
USD 3,216
144.95
USD 4,602,500
USD 319,063
USD 137,490
USD 143,886
USD 112,935
USD 78,406
USD 81,249
USD 84,195
USD 87,248
USD 45,206
USD 46,613
USD 5,738,793
10
60,134.885
USD 260.00
USD 15,635,070.17
USD 335.00
USD 20,145,186.56
USD 2,055,000.00
USD 37,835,257
10
137,786,892.752
USD 47,537,381
USD 7,845,902
USD 5,738,793
USD 20,145,187
USD 13,807,500
USD 90,249,512
USD 15,635,070
USD 15,635,070
USD 74,614,441
USD 7,938,949
USD 2,055,000
USD 0
USD 5,883,949
USD 66,675,493
USD 22,669,668
USD 44,005,825
USD 19,519,731
USD 5,295,554
10
USD 258,589,638
USD 342,541,748
USD 5,295,554
USD 20,250,000
USD 0
USD 0
USD 20,145,187
USD 15,635,070
USD 2,055,000
USD 585,436
USD 466,132
USD 19,519,731
USD 11,224,104
USD 13,395,948
USD 223,937,356
USD 88,147,307
USD 25,060,631
USD 7,845,902
USD 5,692,180
138,075,000
USD 13,807,500
USD 591,099,156
USD 11,884,345
USD 4,343,075
0
70,607,384
USD 86,834,804
472,314,574
559,149,379
$ 31,949,777
USD 591,099,156
0.146903956
10