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Bus Model

The document provides financial assumptions and projections for a bus transportation business over 4 years. It includes assumptions about the bus, financing, operating revenues and costs. Financial projections show revenue increasing from 9.2M to 12.2M over 4 years. Profits also rise from 234K to 1.2M as depreciation decreases the bus asset. Cash flows are positive each year, debt is paid down, and the business remains profitable with positive returns to equity holders.

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shrish gupta
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482 views1 page

Bus Model

The document provides financial assumptions and projections for a bus transportation business over 4 years. It includes assumptions about the bus, financing, operating revenues and costs. Financial projections show revenue increasing from 9.2M to 12.2M over 4 years. Profits also rise from 234K to 1.2M as depreciation decreases the bus asset. Cash flows are positive each year, debt is paid down, and the business remains profitable with positive returns to equity holders.

Uploaded by

shrish gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Assumptions - Bus Assumptions - Financing Assumptions - General

Cost of Bus 7,500,000 Debt 5,625,000 75% Tax Rate 33%


Maintenance / year 10% Equity 1,875,000 25%
Escalation Rate - Maintenan 15% Interest on Debt 15% Interest Income 5%
Life of Bus (years) 4 Tenure of loan (years) 4 Diesel rate (Rs./Lit) 64
Deprecation Rate 25% SLM Cost of Equity 20% Diesel Price escalation 15%
Inflation 10%
Assumptions - Operating Revenues Assumptions - Operating Costs Assumptions - Operating General

Seating Capacity 35 Fuel Efficiency ( Km / L ) 5 Route Mumbai - Pune


Load Factor 50% Driver Cost (Rs./ Trip) 600 Distance (Kms) 155
Tariff (Rs./Ticket) 360.00 Miscellaneous (Rs. / Trip) 300 Estimated Time Hours/Trip 3
Escalation Rate - Tariff 10% Toll Amount (Rs. / Trip) 800 Trips / Day 4
Working Days in a Year 365
Income Statement
Year - 0 Year - 1 Year - 2 Year - 3 Year - 4
Flag 0 1 2 3 4
Revenue (Unit*per unit) 9,198,000 10,117,800 11,129,580 12,242,538
Other Income - 49,170.80 105,287.80 168,057.95
Fuel Costs 2,896,640 3,331,136 3,830,806 4,405,427
Maintenance Expenses 750,000 862,500 991,875 1,140,656
Driver Costs 876,000 963,600 1,059,960 1,165,956
Miscellaneous Costs 438,000 481,800 529,980 582,978
Toll Amount 1,168,000 1,168,000 1,168,000 1,168,000
Cost of Revenues 6,128,640 6,807,036 7,580,621 8,463,018
Gross Pofit / (EBITDA) 3,069,360 3,359,935 3,654,246 3,947,578
Depreciation 1,875,000 1,875,000 1,875,000 1,875,000
Interest Expense 843,750 674,776 480,456 256,988
Profit Before Tax 350,610 810,159 1,298,790 1,815,590
Income Taxes 115,701 267,352 428,601 599,145
Profit After Tax 234,909 542,806 870,189 1,216,445

Balance Sheet
Year - 0 Year - 1 Year - 2 Year - 3 Year - 4 Debt Schedule
Assets Year - 0 Year - 1 Year - 2 Year - 3 Year - 4
Cash - 983,416 2,105,756 3,361,159 4,739,350 BOP - Debt 5,625,000 4,498,507 3,203,041 1,713,254
PPE, Gross (Cost Value) 7,500,000 7,500,000 7,500,000 7,500,000 7,500,000 Int Expense 843,750 674,776 480,456 256,988
Acc Depreciation - 1,875,000 3,750,000 5,625,000 7,500,000 EAI 1,970,243 1,970,243 1,970,243 1,970,243
PPE, Net (Book Value) 7,500,000 5,625,000 3,750,000 1,875,000 - EOP - Debt 5,625,000 4,498,507 3,203,041 1,713,254 -
Total Assets 7,500,000 6,608,416 5,855,756 5,236,159 4,739,350
Principle Repaid 1,126,493 1,295,466 1,489,786 1,713,254
Liabilities
Debt 5,625,000 4,498,507 3,203,041 1,713,254 -
Equity 1,875,000 1,875,000 1,875,000 1,875,000 1,875,000
Retained Profit - 234,909 777,715 1,647,905 2,864,350
Total Liabilities 7,500,000 6,608,416 5,855,756 5,236,159 4,739,350
Checksum - - - - -

Cash Flow Statement


Year - 0 Year - 1 Year - 2 Year - 3 Year - 4

Net Income (PAT) - 234,909 542,806 870,189 1,216,445


Depreciation - 1,875,000 1,875,000 1,875,000 1,875,000
Cash Flow From Operations - 2,109,909 2,417,806 2,745,189 3,091,445
Capex (7,500,000) - - - -
Cash Flow from Investing (7,500,000) - - - -
Debt (Repayment)/Issuan 5,625,000 (1,126,493) (1,295,466) (1,489,786) (1,713,254)
Equity Addition 1,875,000 - - - -
Cash Flow from Financing 7,500,000 (1,126,493) (1,295,466) (1,489,786) (1,713,254)
Net change in Cash - 983,416 1,122,340 1,255,403 1,378,191
Cash - BOP - - 983,416 2,105,756 3,361,159
Cash - EOP - 983,416 2,105,756 3,361,159 4,739,350
Checksum
Average Cash

Free Cash Flow - Equity


Year - 0 Year - 1 Year - 2 Year - 3 Year - 4

Net Income - 234,909 542,806 870,189 1,216,445


+ Depreciation - 1,875,000 1,875,000 1,875,000 1,875,000 Escalation Rate %- Tariff
- Capital Expenses (7,500,000) - - - - 1,115,059 3% 5% 8% 10% 13%
- Debt Repayment/+ raise 5,625,000 (1,126,493) (1,295,466) (1,489,786) (1,713,254) 3%
Diesel Price %

Cash Flow to Equity (1,875,000) 983,416 1,122,340 1,255,403 1,378,191 5%


8%
10%
Returns Analysis - Equity 13%
Year - 0 Year - 1 Year - 2 Year - 3 Year - 4 15%

FCFE (1,875,000) 983,416 1,122,340 1,255,403 1,378,191


cumulative cashflow (1,875,000) (891,584) 230,756 1,486,159 2,864,350

Cost of Equity 20.0%


NPV 1,115,059 Accept
IRR 47.14% Accept

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