Position in BEPPA only.
Page 33 of the powerpoint...
Was $154M EBITA with 47MT of throughput...
We expect 85MT of contracted throughput...
This is 80% higher throughput...
Wouldn't a ROUGH estimate be EBITA should increase by 80%?...
This would be to $277M.
However, another 10% for economies of scale, fixed costs not increasing, the December hopeful price increase, improved operational effeciency... seems reasonable?
This is $304.7M.
At 12.5X this is $3.8Bn DBCT sale price.
Where have I gone wrong?
Note:- If 80% increase in throughput increases EBITA by 40%, and a 12.5X multiple is used, this is $2.7Bn sale price....
dbct ebita fy10...
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