heritage travel

Silver coramandel
1. annual fixed cosd
rail operating licence
ads
maintenance
others
total

175,000.00
150,000.00
80,000.00
100,000.00
505,000.00

2. variable costs (per itinerary)

additional train maintenance
casual labour
supplies & services
25.00
total

2,000.00
4,000.00
25,000.00
31,000.00
775,000.00

Q1.
EBITDA

revenue - operating cost

632,500.00

BEP

fixed cost / contribution

17.69

Q2.
initial investment
cash flow
WACC
PV
NPV
payback period

Q3

year0
3,000,000.00

year1

632,500.00
9.00%
0.92
580,002.50
675,040.00
470,000.00
0.74
4.00
4.74

3.revenues
per itinerary
sales price/person
occupancy
total revenues
*25
4. capital cost
train purchase
re-sale value
annually depreciation

WACC

year2
632,500.00
0.842
532,565.00

850.00
90
76,500.00
1,912,500.00

3,000,000.00
900,000.00
300,000.00
11%
2/3
5%
1/3
9.00%

year3

year4

year5

year6

632,500.00 632,500.00 632,500.00 632,500.00

0.77
0.71
0.65
0.6
488,290.00 447,810.00 411,125.00 376,970.00

year7

year7

632,500.00
0.55
345,977.50

900,000.00
0.55
492,300.00

heritage travel
Silver coramandel
1. annual fixed cosd
rail operating licence

175,000.00

ads

150,000.00

maintenance

80,000.00

others

100,000.00

total

505,000.00

2. variable costs (per itinerary)

additional train maintenance
casual labour
supplies & services
25.00
total

2,000.00
4,000.00
25,000.00
31,000.00
775,000.00

Q1.
EBITDA

revenue - operating cost

857,500.00

BEP

fixed cost / contribution

14.77

Q2.
initial investment

year0
3,000,000.00

cash flow
WACC

857,500.00
9.00%

PV
NPV

payback period

year1

0.92
786,327.50

1,660,990.00

427,500.00

0.50
3.00
3.50

Q3
increase itinerary price

950.00

3.revenues
per itinerary
sales price/person
occupancy

950.00
90

total revenues

85,500.00

*25

2,137,500.00

4. capital cost
train purchase
re-sale value
annually depreciation

WACC

3,000,000.00
900,000.00
300,000.00
11%
2/3
5%
1/3
9.00%

when NPV=0 sales price/ person how to chan

year2

857,500.00
0.842
722,015.00

year3

857,500.00
0.77
661,990.00

year4

857,500.00
0.71
607,110.00

year5

632,500.00
0.65
411,125.00

year6

857,500.00
0.6
511,070.00

rson how to change ?

year7

857,500.00
0.55
469,052.50

year7

900,000.00
0.55
492,300.00

heritage travel
Silver coramandel
1. annual fixed cosd
rail operating licence
ads
maintenance
others

175,000.00
150,000.00
80,000.00
100,000.00

total

515,000.00

2. variable costs (per itinerary)

additional train maintenance
casual labour
supplies & services
25.00
total

2,000.00
4,000.00
25,000.00
31,000.00
775,000.00

Q1.
EBITDA

revenue - operating cost

622,500.00

BEP

fixed cost / contribution

17.91

Q2.
initial investment

year0
3,000,000.00

cash flow

WACC

622,500.00

9.00%

PV
NPV

year1

0.92
570,832.50

631,220.00

payback period

Q3

510,000.00
0.82
4.00
4.82

3.revenues
per itinerary
sales price/person
occupancy
total revenues

*25

850.00
90
76,500.00

1,912,500.00

4. capital cost
train purchase
3,000,000.00
re-sale value
900,000.00
annually depreciation 300,000.00
11%
2/3
5%
1/3
WACC
9.00%

when NPV=0 fixed cost increase ?

year2

622,500.00

0.842
524,145.00

year3

622,500.00

0.77
480,570.00

year4

622,500.00

0.71
440,730.00

year5

632,500.00

0.65
411,125.00

year6

622,500.00

0.6
371,010.00

ost increase ?

year7

622,500.00

0.55
340,507.50

year7

900,000.00

0.55
492,300.00

heritage travel
Silver coramandel
1. annual fixed cosd
rail operating licence
ads
maintenance
others
total
2. variable costs (per itinerary)
additional train maintenance
casual labour
supplies & services

175,000.00
150,000.00
80,000.00
100,000.00
505,000.00

2,000.00
4,000.00
25,000.00
1,000.00
32,000.00

total

25
800,000.00

Q1.
EBITDA

revenue - operating cost

607,500.00

BEP

fixed cost / contribution

18.09

Q2.
initial investment

year0
3,000,000.00

cash flow
WACC
PV

607,500.00
9.00%

NPV

565,490.00

payback period

570,000.00
0.94
4.00
4.94

Q3

year1

0.92
557,077.50

3.revenues
per itinerary
sales price/person
occupancy
total revenues
*25
4. capital cost
train purchase
re-sale value
annually depreciation

850.00
90
76,500.00
1,912,500.00

3,000,000.00
900,000.00
300,000.00
11%
2/3
5%
1/3
9.00%

WACC

year2

year3

year4

year5

607,500.00

607,500.00

607,500.00

632,500.00

0.842
511,515.00

0.77
468,990.00

0.71
0.65
430,110.00 411,125.00

year6

607,500.00
0.6
362,070.00

when NPV=0 variable increase ?

year7

year7

607,500.00

900,000.00

0.55
332,302.50

0.55
492,300.00

heritage travel
Silver coramandel
1. annual fixed cosd
rail operating licence
ads
maintenance
others
total

175,000.00
150,000.00
80,000.00
100,000.00
505,000.00

2. variable costs (per itinerary)

additional train maintenance

2,000.00

casual labour

4,000.00

supplies & services

25.00
total

25,000.00
31,000.00
775,000.00

Q1.
EBITDA

revenue - operating cost

632,500.00

BEP

fixed cost / contribution

17.69

Q2.
initial investment

year0
3,000,000.00

cash flow
WACC
PV

632,500.00
9.00%

NPV

675,040.00

payback period

470,000.00
0.74
4.00
4.74

Q3

year1

0.92
580,002.50

3.revenues
per itinerary
sales price/person
occupancy
total revenues
*25

850.00
90
76,500.00
1,912,500.00

4. capital cost
train purchase

3,000,000.00

re-sale value

900,000.00

annually depreciation

300,000.00
11%
2/3
5%
1/3
9.00%

WACC

year2

year3

re-sale=0

year4

632,500.00

year5

632,500.00

year6

632,500.00

632,500.00

632,500.00

0.842
532,565.00

0.77
0.71
0.65
0.6
488,290.00 447,810.00 411,125.00 376,970.00

e-sale=0

year7

year7

632,500.00

900,000.00

0.55
345,977.50

0.55
492,300.00