Absa AgriTrends 2023 Autumn Edition

Under a modest electricity price increase scenario, the project is cash flow positive in year 3

Break-even

2 000 000.00

1 500 000.00

1 000 000.00

5 000 000.00

0.00

-5 000 000.00

2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034

Source: Absa AgriBusiness, 2023

Under a high electricity price increase scenario, the project is cash flow positive in year 2

Break-even

3 500 000.00

3 000 000.00

2 500 000.00

2 000 000.00

1 500 000.00

1 000 000.00

50 000 00

0.00

-500 000.00

-1 00 000.00

2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034

Source: Absa AgriBusiness, 2023

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