Monthly flow at full capacity
Lead investor's dollars by year
US$ thousands, plant at book value in year 10. Bars: yearly cash. Line: cumulative.
A month at full capacity
R$ thousands per month, year-1 prices.
Plant cash and cash to shareholders
R$ millions. Plant cash before financing, and what is left for shareholders after the BNDES loan is served.
Lead investor
All figures in US$, at the exchange-rate path set under Currency. He shares cash with any other investors in proportion to their dollars, after Karmanutra's carried interest if any.
What it would take
How much more every supplier would have to pay per tonne, at the current settings, for his US$ return at book value to reach his target.
Capital protection options compared
Same plant and funding; only the protection changes. Under the priority dividend he is paid first each year, up to his target plus any shortfall carried forward; under the buyback the company or the other shareholders buy his shares back for a fixed dollar amount. Both cost the others what they give him.
Dividend yield in US$ by year
Yearly dividend as a % of his dollars invested (operating cash only, excluding the year-10 sale value). Dashed line: his target, from the target year.
His cash flows
US$ thousands.
The three sites side by side
Each option with its own suppliers, gate fees, distances, climate and land cost; every other setting as currently chosen. Click a site's name to switch to it.
Lead investor IRR by site
US$, book value and running business.
Waste suppliers
Gate fee income by supplier
R$ thousands per month at full capacity: gate fee less what we spend collecting it.
Where the output goes
Sales funnel
Per month at full capacity, year-1 prices. Net = price less freight to that buyer.
Capex
R$ thousands, year 0. Rearing, buildings and digester sized on contracted tonnes.
Operating costs
R$ per month at full capacity, year-1 prices.
Staffing
At full capacity. Operator numbers follow the larvae-line tonnage and the automation level.
Electricity
MWh per month at full capacity.
Digester
Takes the waste larvae cannot (meat, mixed food) for a gate fee; its heat replaces heat pumps and its power covers the plant first.
Plant P&L and cash flow
R$ thousands, nominal, before financing.
BNDES loan and cash to shareholders
R$ thousands. SAC repayments after the grace period; DSCR = (EBITDA − tax) ÷ debt service.
Debt service coverage by year
Dashed line: bank minimum.
Carbon saving and who claims it
Only one party can claim the same tonnes: the plant, by selling credits, or the waste suppliers, in their own reporting. Letting suppliers claim it helps win gate fees. The emission factors are estimates until there is a life-cycle study for this plant.
Carbon at full capacity
t CO2e per year. Green: avoided. Red: emitted.
Impact at full capacity
Sources
The sources behind the inputs, grouped as on the All inputs tab. Each input's note gives the reasoning.
Changed inputs are outlined in gold. Copy them to paste into the Excel model (Inputs and Site options sheets).