KSS Information Memorandum 2021

Profit & Loss 2017-2022 (Actuals, Forecast & Budget)

30 June 2017

30 June 2018

30 June 2019

30 June 2020 30 June 2021 30 June 2022

Actual

Actual

Actual

Actual

Forecast AU$ '000

Budget AU$ '000

AU$ '000

AU$ '000

AU$ '000

AU$ '000

Key Occupancy Stats Available Sqm

470,355 396,383

494,297 405,541

516,542 418,192

523,411 428,654

534,392 460,223

554,392 480,223

Occupied Sqm Occupancy % Net price per Sqm

84% 26.42

82% 27.21

81% 27.40

82% 27.23

86% 27.31

87% 28.04

Self Storage Income Licence fees received Licence fees allowed Bad debts written off

128,102 (1,824)

135,544 (2,625)

140,027 (2,043)

142,982 (2,396)

153,363 (2,102)

164,000 (1,865)

(589)

(510)

(505)

(521)

(438)

(550)

125,689

132,408

137,479

140,065

150,823

161,585

Other income Merchandise sales

5,542

5,375

4,746

4,841

5,473

5,805

Late fees Insurance

576

575

614

567

598

603

1,897 1,476 2,024

1,904 1,635 1,703

1,832 1,699 1,653

1,887 1,652 2,690

2,127 1,801 4,536

2,446 1,870 3,186

Other income

Rent

11,514

11,192

10,545

11,637

14,536

13,910

137,203

143,600

148,024

151,702

165,358

175,495

Total income

Expenses Accounting and Consulting fees

370

543

795

975

507

523

Advertising Bank charges

1,365

1,285

1,354

1,708

1,172

1,207

601 549 378

700 572 487

683 550 563

632 495 509

702 447 605

723 460 623

Cleaning

Communications Council rates

2,406 1,461

2,493 1,581

2,554 1,521

2,501 1,447

2,821 1,428

2,962 1,457

Electricity

Equipment hire

12

11

11

7

12

13

Freight and cartage Other expenses Information Technology

224 442 694

230 525

243 451

194 524

207 436

214 449

1,259 1,511 5,774

1,379 1,841 6,732

1,570 2,120 7,565

1,269 2,797 7,884

1,307 2,937 8,278

Insurance Land tax

1,383 5,038 9,687 2,849 65

Legal

66

65

136

170

175

Management fees

10,149 2,804 1,761 5,762 13,498 232

10,445 2,437 1,896 6,295 13,939 165

10,626 2,375 2,124 5,787 14,319 184

11,575 2,893 2,256 4,976 15,084 136

12,285 2,903 2,323 5,126 15,687 140

Merchandise purchases Print and stationery

216

Rent

1,723 3,826 12,323

Repairs and maintenance

Labour Hire

Security

190 243

205 242 105 247

217 180

264 186

207 124

213 128

Staff expenses

Travel

76

70

66

29

30

Water rates

208

262

291

287

296

46,330

52,042

54,649

56,603

58,026

60,458

Total operating expenses

95,099

107,333

115,037

90,873

91,559

93,375

EBITDA

66%

64%

63%

63%

65%

66%

EBITDA % of Total income

Note: The above are the Consolidated results for the Group in AUD; the NZ operations are converted at the average exchange rate for each Financial Year.

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