Co&Co Financial Projection Best Case Scenario

SummaryART CO&CO PROJECTFINANCIAL PROJECTION

INVESTOR PACKAGE

Detil PendanaanInvestasi Awal (Rp)01234Total Investasi3,900,000,000Retained Earnings(3,900,000,000)762,530,7982,219,426,7621,090,406,7923,362,467,612Accumulated Free CashFlow0.0762,530,7982,981,957,5604,072,364,3527,434,831,964Initial Investment PE2,340,000,000Payback(3,900,000,000)(3,137,469,203)(918,042,441)172,364,3523,534,831,964Initial Investment Coffindo1,560,000,000Discounted CashFlow(3,900,000,000)726,219,8072,013,085,498941,934,3852,766,310,426Mangement390,000,000IRR20%Ownership Share%Payback Period3yearsPE50%*Multiply191%yearsCoffindo40%Mangement10%YEAR* First Right to pay backTotal Sales F&B1234TotalPinjaman PE2,340,000,000 Food29,26041,68043,30038,115152,355piringJangka Pinjaman3tahun Beverages45,71065,11567,74059,805238,370gelasBunga Pinjaman12%/tahunTotal Bunga36%IRRBesaran Bunga842,400,000Calculate with discounted cash flow in every yearbunga pertahun280,800,000Inflation rate 5% for discounted cash flowbunga perbulan23,400,000

Inflation5%CoffindoCo & CoStocks

Scenario 1DIVIDENT PAYMENT50%40%10%Divident from fix target ROIYear 10.00.00.00.0Target ROI135%Year 220%1,053,000,000526,500,000421,200,000105,300,000Total Investment3,900,000,000Year 330%1,579,500,000789,750,000631,800,000157,950,000Target Divident Payment5,265,000,000Year 450%2,632,500,0001,316,250,0001,053,000,000263,250,000Free Cash in Year 4th2,169,831,964Total100%5,265,000,0002,632,500,0002,106,000,000526,500,000Yearly divident paymentCoffindoCo & CoStocksScenario 2Divident percentage from REDIVIDENT PAYMENT50%40%10%ROI140%Year 160%457,518,479228,759,239183,007,39145,751,848Total Investment3,900,000,000Year 275%1,664,570,072832,285,036665,828,029166,457,007Target Divident Payment5,461,744,353Year 375%817,805,094408,902,547327,122,03881,780,509Free Cash in Year 4th1,973,087,611Year 475%2,521,850,7091,260,925,3551,008,740,284252,185,071Yearly divident paymentTotal5,461,744,3532,730,872,1772,184,697,741546,174,435

DividentART CO&CO PROJECTFINANCIAL PROJECTION

INVESTOR DIVIDENTDivident PackageScenario 1CoffindoCo & CoStocksDivident from fix target ROITarget ROI135%50%40%10%Total Investment3,900,000,000Total Investment1,950,000,0001,560,000,000390,000,000Target Divident Payment5,265,000,000Target Return2,632,500,0002,106,000,000526,500,000Free Cash in Year 4th2,169,831,964Divident682,500,000546,000,000136,500,000Yearly divident paymentCoffindoCo & CoStocks

DIVIDENT PAYMENT50%40%10%1Year 10.00.00.00.02Year 220%1,053,000,000526,500,000421,200,000105,300,0003Year 330%1,579,500,000789,750,000631,800,000157,950,0004Year 450%2,632,500,0001,316,250,0001,053,000,000263,250,000Total100%5,265,000,000Total Return2,632,500,0002,106,000,000526,500,000

Investor PackageScenario 2CoffindoCo & CoStocksDivident percentage from REROI140%50%40%10%Total Investment3,900,000,000Total Investment1,950,000,0001,560,000,000390,000,000Target Divident Payment5,461,744,353Target Return2,730,872,1772,184,697,741546,174,435Free Cash in Year 4th1,973,087,611Divident780,872,177624,697,741156,174,435Yearly divident paymentCoffindoCo & CoStocks

DIVIDENT PAYMENT50%40%10%1Year 160%457,518,479228,759,239183,007,39145,751,8482Year 275%1,664,570,072832,285,036665,828,029166,457,0073Year 375%817,805,094408,902,547327,122,03881,780,5094Year 475%2,521,850,7091,260,925,3551,008,740,284252,185,071Total5,461,744,353Total Return2,730,872,1772,184,697,741546,174,435

CF IS IRRART CO&CO PROJECTFINANCIAL PROJECTION

SUMMARY FINANCIAL STATEMENTINCOME STATEMENTCASHFLOWYEAR1234YEAR01234Inflation5%5%5%5%Sales3,826,635,5006,296,050,7507,319,413,0008,075,197,250Operating Cash Flow Food and Beverages3,067,650,00080%4,358,225,00069%4,535,900,00062%3,998,925,00050% EBIT800,052,4202,513,024,9201,438,294,4203,527,425,920 Coffee Class211,750,0006%635,250,00010%936,000,00013%1,432,000,00018% Depreciation364,155,580364,155,580364,155,580364,155,580 Coworking Space332,500,0009%997,500,00016%1,530,000,00021%2,387,500,00030% Tax120,877,203376,953,738431,243,208529,113,888 Service Charge214,735,5006%305,075,7505%317,513,0004%256,772,2503% Interest280,800,000280,800,000280,800,0000.0Total Operating Cash Flow762,530,7982,219,426,7621,090,406,7923,362,467,612COGS892,937,50023%1,472,431,25023%1,713,575,00023%1,906,431,25024% Food and Beverages765,712,50086%1,090,756,25074%1,133,975,00066%999,731,25052%Net Working Capital Coffee Class43,225,0005%129,675,0009%190,800,00011%291,700,00015% Beginning NWC(2,564,261,500)0.0 Coworking Space84,000,0009%252,000,00017%388,800,00023%615,000,00032% Ending NWCChange in NWC(2,564,261,500)0.00.00.00.0OVERHEAD COST1,769,490,00046%1,946,439,00031%3,803,388,00052%2,300,337,00028% OPEX1,685,490,00095%1,854,039,00095%2,022,588,00053%2,191,137,00095%Capital Spending IT Maintenance36,000,0002%39,600,0002%43,200,0001%46,800,0002% Ending net fixed assets Building Maintenance48,000,0003%52,800,0003%57,600,0002%62,400,0003% Beginning net fixed assets(1,335,738,500) Prepaid Building Rent1,680,000,0000Net Capital Spending(1,335,738,500)0.00.00.00.0

EBIT1,164,208,00030%2,877,180,50046%1,802,450,00025%3,868,429,00048%Retained Earnings(3,900,000,000)762,530,7982,219,426,7621,090,406,7923,362,467,612Accumulated Free CashFlow762,530,7982,981,957,5604,072,364,3527,434,831,964 Depreciation364,155,580364,155,580364,155,580364,155,580Payback(3,900,000,000)(3,137,469,203)(918,042,441)172,364,3523,534,831,964Discounted CashFlow(3,900,000,000)726,219,8072,013,085,498941,934,3852,766,310,426 Interest Expense280,800,000280,800,000280,800,0000IRR20%Payback Period4years Tax120,877,203376,953,738431,243,208529,113,888Multiply191%years

1,043,330,7982,500,226,7621,371,206,7923,339,315,112Of SalesNet ReceivedFood & Drink Composition48%52%Service Charge7%1Food Cost25%Drink cost25%

WACCART CO&CO PROJECTFINANCIAL PROJECTION

WACC CALCULATION

Tahun ProyeksiTingkat Pengembalian IHSG (E(RM))Informasi Obligasi Negara (rf)Market Risk Premium (%)TahunNilai (%)SeriJatuh TempoTingkat Kupon (%)20152016201720182019PENDANAAN2015201510.89%0.1089 15 Jun 20159.50%1.39%Cost of Debt2016201624.05%0.2405 15 Sep 20167.38%16.68%Debt Weight (wD)0.600.000.000.000.00PENDANAAN MENGGUNAKAN HUTANG DAN EKUITAS201720178.39%0.0839 15 Apr 20176.25%2.14%Suku Bunga Dasar Kredit (rD) (%)12%12%12%12%12.00%NoDetil PendanaanInvestasi Awal(Rp)Proyeksi Tahun 1(Rp)Proyeksi Tahun 2(Rp)Proyeksi Tahun 3(Rp)Proyeksi Tahun 4(Rp)2018201834.48%0.3448 15 May 20185.25%29.23%(wD x rD) (%)7%0%0%0%0%2019201910.75%0.1075 15 Apr 20197.88%2.88%1Initial Investment PERp2,340,000,0000.00.00.00.0Sumber : BloombergSumber : Bank IndonesiaCost of Equity2Penambahan Initial Investment PE0.00.00.00.00.0Equity Weight (wE)0.401.001.001.001.003Total investment PERp2,340,000,0000.00.00.00.0Tahun ProyeksiSuku Bunga Dasar Kredit (SBDK) Bank BRI (rD)Risk Free Rate (rf) (%)9.50%7.38%6.25%5.25%7.88%7.25%Jenis KreditSBDKMarket Return (E(RM)) (%)10.89%24.05%8.39%34.48%10.75%4Initial Investment CoffindoRp1,560,000,0000.00.00.00.02015SBDK Kredit Korporasi12.00%Beta0.770.770.770.770.775Penambahan Investment Coffindo0.00.00.00.00.02016SBDK Kredit Korporasi12.00%Market Risk Premium (%)1.39%16.68%2.14%29.23%2.88%6TotalRp1,560,000,0000.00.00.00.02017SBDK Kredit Korporasi12.00%rE10.57%20.21%7.90%27.76%10.09%7Retained Earnings0.0Rp398,375,218Rp1,855,271,182Rp726,251,212Rp2,998,312,0322018SBDK Kredit Korporasi12.00%wE*rE (%)4.23%20.21%7.90%27.76%10.09%8Total Investment CoffindoRp1,560,000,000Rp398,375,218Rp1,855,271,182Rp726,251,212Rp2,998,312,0322019SBDK Kredit Korporasi12.00%Sumber : Situs Bank Rakyat IndonesiaTax Rate (%)25%25%25%25%25%9Total InvestmentRp3,900,000,000Rp398,375,218Rp1,855,271,182Rp726,251,212Rp2,998,312,032(1-Tax) (%)75%75%75%75%75%Rp398,375,218Rp1,855,271,182Rp726,251,212Rp2,998,312,032STARBUCKSWACC (%)9.63%20.21%7.90%27.76%10.09%OverallSIPD.JKRata-rata WACC (%)15.12%10PE Ratio (%)60%0%0%0%0%Beta:0.7711Coffindo Ratio (%)40%100%100%100%100%Market Cap (Mil.):$66,732.20Shares Outstanding (Mil.):749.80Sumber : Reuters, 2015Rp196,524,952.00Rp16,377,079.33FinancialsPinjamanRp2,340,000,000SIPD.JKIndustrySectorJangka Pinjaman3tahunP/E (TTM):26.9271.7818.24Total Bunga36%EPS (TTM):3.31----Besaran Bunga842,400,000ROI:31.979.916.12bunga pertahun280,800,000ROE:47.0912.4420.06bunga perbulan23,400,000Sumber : Reuters, 2015Year 1Year 2Year 3Year 4Cicilan111023,400,00023,400,00023,400,0000.0Menggunakan Private EquityyesDurasi3Bunga12%

ISART CO&CO PROJECTFINANCIAL PROJECTION

INCOME STATEMENT ANALYSIS

DESCRIPTIONFIRST YEAR SECOND YEARTHIRD YEARFOURTH YEARQ1Q2Q3Q4TOTAL 1ST YEARQ1Q2Q3Q4TOTAL 2ND YEARQ1Q2Q3Q4TOTAL 3RD YEARQ1Q2Q3Q4TOTAL 4RD YEARM 1M2M3M 4M 5M 6M 7M 8M 9M 10M 11M 12M 13M14M15M 16M 17M 18M 19M 20M 21M 22M 23M 24M 25M26M27M 28M 29M 30M 31M 32M 33M 34M 35M 36M 37M 38M 39M 40M 41M 42M 43M 44M 45M 46M 47M 48SALESF&B SALES213,300,000226,650,000213,300,000219,450,000264,425,000248,850,000260,225,000253,050,000302,200,000297,400,000276,200,000292,600,0003,067,650,000325,350,000334,575,000319,950,000329,175,000371,750,000355,500,000377,750,000355,500,000408,925,000408,925,000368,500,000402,325,0004,358,225,000404,250,000402,325,000391,050,000415,525,000365,750,000361,500,000371,750,000355,500,000377,750,000371,750,000341,000,000377,750,0004,535,900,000330,750,000339,975,000330,750,000334,575,000339,975,000336,150,000329,175,000325,350,000345,375,000334,575,000306,900,000345,375,0003,998,925,000FOOD SALES48%102,000,000108,000,000102,000,000105,000,000126,000,000119,000,000124,250,000120,750,000140,000,000144,000,000132,000,000140,000,0001,463,000,000155,250,000159,750,000153,000,000162,000,000175,000,000170,000,000180,000,000170,000,000195,250,000195,250,000176,000,000192,500,0002,084,000,000192,500,000192,500,000187,000,000198,000,000175,000,000172,500,000177,500,000170,000,000180,000,000177,500,000162,500,000180,000,0002,165,000,000157,500,000162,000,000157,500,000159,750,000162,000,000159,750,000157,500,000155,250,000164,250,000159,750,000146,250,000164,250,0001,905,750,000DRINK SALES52%111,300,000118,650,000111,300,000114,450,000138,425,000129,850,000135,975,000132,300,000152,600,000158,200,000144,200,000152,600,0001,599,850,000170,100,000174,825,000166,950,000177,975,000190,750,000185,500,000197,750,000185,500,000213,675,000213,675,000192,500,000209,825,0002,279,025,000211,750,000209,825,000204,050,000217,525,000190,750,000189,000,000194,250,000185,500,000197,750,000194,250,000178,500,000197,750,0002,370,900,000173,250,000177,975,000173,250,000174,825,000177,975,000176,400,000171,675,000170,100,000181,125,000174,825,000160,650,000181,125,0002,093,175,000

COFFEE CLASS0.00.00.00.00.030,250,00030,250,00030,250,00030,250,00030,250,00030,250,00030,250,000211,750,00030,250,00030,250,00030,250,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,000635,250,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00095,500,00095,500,00095,500,00095,500,00095,500,00095,500,000936,000,00095,500,000121,500,000121,500,000121,500,000121,500,000121,500,000121,500,000121,500,000121,500,000121,500,000121,500,000121,500,0001,432,000,000ALL IN CLASS5,000,0000.00.00.00.00.012,500,00012,500,00012,500,00012,500,00012,500,00012,500,00012,500,00087,500,00012,500,00012,500,00012,500,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,000262,500,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00035,000,00035,000,00035,000,00035,000,00035,000,00035,000,000360,000,00035,000,00045,000,00045,000,00045,000,00045,000,00045,000,00045,000,00045,000,00045,000,00045,000,00045,000,00045,000,000371,000,000ESPRESSO CLASS3,500,0000.00.00.00.00.08,750,0008,750,0008,750,0008,750,0008,750,0008,750,0008,750,00061,250,0008,750,0008,750,0008,750,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,000183,750,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00024,500,00024,500,00024,500,00024,500,00024,500,00024,500,000252,000,00024,500,00031,500,00031,500,00031,500,00031,500,00031,500,00031,500,00031,500,00031,500,00031,500,00031,500,00031,500,000265,500,000MANUAL BREWING1,500,0000.00.00.00.00.04,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,00031,500,0004,500,0004,500,0004,500,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,00094,500,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,000162,000,00018,000,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,000265,500,000COFFEE CUPING1,500,0000.00.00.00.00.04,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,00031,500,0004,500,0004,500,0004,500,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,00094,500,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,000162,000,00018,000,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,000

COMPANY RENT SALES0.00.00.00.00.047,500,00047,500,00047,500,00047,500,00047,500,00047,500,00047,500,000332,500,00047,500,00047,500,00047,500,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,000997,500,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,000160,000,000160,000,000160,000,000160,000,000160,000,000160,000,0001,530,000,000160,000,000202,500,000202,500,000202,500,000202,500,000202,500,000202,500,000202,500,000202,500,000202,500,000202,500,000202,500,0002,387,500,000COWORKING SPACE INDIVIDUAL2,500,0000.00.00.00.00.037,500,00037,500,00037,500,00037,500,00037,500,00037,500,00037,500,000262,500,00037,500,00037,500,00037,500,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,000787,500,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,000120,000,000120,000,000120,000,000120,000,000120,000,000120,000,0001,170,000,000120,000,000142,500,000142,500,000142,500,000142,500,000142,500,000142,500,000142,500,000142,500,000142,500,000142,500,000142,500,0001,687,500,000COWORKING SPACE GROUP10,000,0000.00.00.00.00.010,000,00010,000,00010,000,00010,000,00010,000,00010,000,00010,000,00070,000,00010,000,00010,000,00010,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,000210,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00040,000,00040,000,00040,000,00040,000,00040,000,00040,000,000360,000,00040,000,00060,000,00060,000,00060,000,00060,000,00060,000,00060,000,00060,000,00060,000,00060,000,00060,000,00060,000,000700,000,000

SERVICE CHARGE COFFE SHOP7%14,931,00015,865,50014,931,00015,361,50018,509,75017,419,50018,215,75017,713,50021,154,00020,818,00019,334,00020,482,000214,735,50022,774,50023,420,25022,396,50023,042,25026,022,50024,885,00026,442,50024,885,00028,624,75028,624,75025,795,00028,162,750305,075,75028,297,50028,162,75027,373,50029,086,75025,602,50025,305,00026,022,50024,885,00026,442,50026,022,50023,870,00026,442,500317,513,00023,152,50023,798,25023,152,50023,420,25023,798,25023,530,50023,042,25022,774,50024,176,25023,420,25021,483,00024,176,250256,772,250

COGSFOOD & DRINK COST53,325,00056,662,50053,325,00054,862,50066,106,25062,212,50065,056,25063,262,50073,150,00075,550,00069,050,00073,150,000765,712,50081,337,50083,643,75079,987,50084,993,75091,437,50088,875,00094,437,50088,875,000102,231,250102,231,25092,125,000100,581,2501,090,756,250101,062,500100,581,25097,762,500103,881,25091,437,50090,375,00092,937,50088,875,00094,437,50092,937,50085,250,00094,437,5001,133,975,00082,687,50084,993,75082,687,50083,643,75084,993,75084,037,50082,293,75081,337,50086,343,75083,643,75076,725,00086,343,750999,731,250FOOD COST25%25,500,00027,000,00025,500,00026,250,00031,500,00029,750,00031,062,50030,187,50035,000,00036,000,00033,000,00035,000,000365,750,00038,812,50039,937,50038,250,00040,500,00043,750,00042,500,00045,000,00042,500,00048,812,50048,812,50044,000,00048,125,000521,000,00048,125,00048,125,00046,750,00049,500,00043,750,00043,125,00044,375,00042,500,00045,000,00044,375,00040,625,00045,000,000541,250,00039,375,00040,500,00039,375,00039,937,50040,500,00039,937,50039,375,00038,812,50041,062,50039,937,50036,562,50041,062,500476,437,500DRINK COST25%27,825,00029,662,50027,825,00028,612,50034,606,25032,462,50033,993,75033,075,00038,150,00039,550,00036,050,00038,150,000399,962,50042,525,00043,706,25041,737,50044,493,75047,687,50046,375,00049,437,50046,375,00053,418,75053,418,75048,125,00052,456,250569,756,25052,937,50052,456,25051,012,50054,381,25047,687,50047,250,00048,562,50046,375,00049,437,50048,562,50044,625,00049,437,500592,725,00043,312,50044,493,75043,312,50043,706,25044,493,75044,100,00042,918,75042,525,00045,281,25043,706,25040,162,50045,281,250523,293,750

COFFEE CLASS0.00.00.00.00.06,175,0006,175,0006,175,0006,175,0006,175,0006,175,0006,175,00043,225,0006,175,0006,175,0006,175,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,000129,675,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00019,450,00019,450,00019,450,00019,450,00019,450,00019,450,000190,800,00019,450,00024,750,00024,750,00024,750,00024,750,00024,750,00024,750,00024,750,00024,750,00024,750,00024,750,00024,750,000291,700,000ALL IN CLASS23%0.00.00.00.00.02,875,0002,875,0002,875,0002,875,0002,875,0002,875,0002,875,00020,125,0002,875,0002,875,0002,875,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,00060,375,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0008,050,0008,050,0008,050,0008,050,0008,050,0008,050,00082,800,0008,050,00010,350,00010,350,00010,350,00010,350,00010,350,00010,350,00010,350,00010,350,00010,350,00010,350,00010,350,000121,900,000ESPRESSO CLASS17%0.00.00.00.00.01,500,0001,500,0001,500,0001,500,0001,500,0001,500,0001,500,00010,500,0001,500,0001,500,0001,500,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,00031,500,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0004,200,0004,200,0004,200,0004,200,0004,200,0004,200,00043,200,0004,200,0005,400,0005,400,0005,400,0005,400,0005,400,0005,400,0005,400,0005,400,0005,400,0005,400,0005,400,00063,600,000MANUAL BREWING20%0.00.00.00.00.0900,000900,000900,000900,000900,000900,000900,0006,300,000900,000900,000900,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,00018,900,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,00032,400,0003,600,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,00053,100,000COFFEE CUPING20%0.00.00.00.00.0900,000900,000900,000900,000900,000900,000900,0006,300,000900,000900,000900,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,00018,900,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,00032,400,0003,600,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,00053,100,000

COMPANY RENT SALES0.00.00.00.00.012,000,00012,000,00012,000,00012,000,00012,000,00012,000,00012,000,00084,000,00012,000,00012,000,00012,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,000252,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00040,800,00040,800,00040,800,00040,800,00040,800,00040,800,000388,800,00040,800,00052,200,00052,200,00052,200,00052,200,00052,200,00052,200,00052,200,00052,200,00052,200,00052,200,00052,200,000615,000,000COWORKING SPACE INDIVIDUAL24%0.00.00.00.00.09,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,00063,000,0009,000,0009,000,0009,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,000189,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00028,800,00028,800,00028,800,00028,800,00028,800,00028,800,000280,800,00028,800,00034,200,00034,200,00034,200,00034,200,00034,200,00034,200,00034,200,00034,200,00034,200,00034,200,00034,200,000405,000,000COWORKING SPACE TEAM30%0.00.00.00.00.03,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,00021,000,0003,000,0003,000,0003,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,00063,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,00012,000,00012,000,00012,000,00012,000,00012,000,00012,000,000108,000,00012,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,000210,000,000

DIRECT COST147,457,500147,457,500147,457,500147,457,500147,457,500147,457,500147,457,500147,457,500147,457,500147,457,500147,457,500147,457,5001,769,490,000162,203,250162,203,250162,203,250162,203,250162,203,250162,203,250162,203,250162,203,250162,203,250162,203,250162,203,250162,203,2501,946,439,0001,856,949,000176,949,000176,949,000176,949,000176,949,000176,949,000176,949,000176,949,000176,949,000176,949,000176,949,000176,949,0003,803,388,000191,694,750191,694,750191,694,750191,694,750191,694,750191,694,750191,694,750191,694,750191,694,750191,694,750191,694,750191,694,7502,300,337,000OPEX140,457,500140,457,500140,457,500140,457,500140,457,500140,457,500140,457,500140,457,500140,457,500140,457,500140,457,500140,457,5001,685,490,000154,503,250154,503,250154,503,250154,503,250154,503,250154,503,250154,503,250154,503,250154,503,250154,503,250154,503,250154,503,2501,854,039,000168,549,000168,549,000168,549,000168,549,000168,549,000168,549,000168,549,000168,549,000168,549,000168,549,000168,549,000168,549,0002,022,588,000182,594,750182,594,750182,594,750182,594,750182,594,750182,594,750182,594,750182,594,750182,594,750182,594,750182,594,750182,594,7502,191,137,000IT MAINTANANCE3,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,00036,000,0003,300,0003,300,0003,300,0003,300,0003,300,0003,300,0003,300,0003,300,0003,300,0003,300,0003,300,0003,300,00039,600,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,00043,200,0003,900,0003,900,0003,900,0003,900,0003,900,0003,900,0003,900,0003,900,0003,900,0003,900,0003,900,0003,900,00046,800,000BUILDING MAINTANANCE4,000,0004,000,0004,000,0004,000,0004,000,0004,000,0004,000,0004,000,0004,000,0004,000,0004,000,0004,000,00048,000,0004,400,0004,400,0004,400,0004,400,0004,400,0004,400,0004,400,0004,400,0004,400,0004,400,0004,400,0004,400,00052,800,0004,800,0004,800,0004,800,0004,800,0004,800,0004,800,0004,800,0004,800,0004,800,0004,800,0004,800,0004,800,00057,600,0005,200,0005,200,0005,200,0005,200,0005,200,0005,200,0005,200,0005,200,0005,200,0005,200,0005,200,0005,200,00062,400,000BUILDING RENT1,680,000,0001,680,000,0000

EBIT27,448,50038,395,50027,448,50032,491,50069,371,000116,174,500125,502,000119,618,500162,321,500154,785,500138,601,500152,049,5001,164,208,000164,158,750171,723,250159,730,750224,170,250263,281,750248,456,750266,701,750248,456,750292,265,250292,265,250259,116,750286,853,2502,877,180,500-1,406,314,000272,107,500262,862,000282,931,500242,116,000238,631,000323,136,000309,811,000328,056,000323,136,000297,921,000328,056,0001,802,450,000274,770,250334,134,750326,570,250329,706,750334,134,750330,998,250325,278,750322,142,250338,562,750329,706,750307,013,250338,562,7503,891,581,500DEPRECIATION30,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,298364,155,58030,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,298364,155,58030,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,298364,155,58030,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,29830,346,298364,155,580

(2,897,798)8,049,202(2,897,798)2,145,20239,024,70285,828,20295,155,70289,272,202131,975,202124,439,202108,255,202121,703,201.67800,052,420133,812,452141,376,952129,384,452193,823,952232,935,452218,110,452236,355,452218,110,452261,918,952261,918,952228,770,452256,506,9522,513,024,920(1,436,660,298)241,761,202232,515,702252,585,202211,769,702208,284,702292,789,702279,464,702297,709,702292,789,702267,574,702297,709,7021,438,294,420244,423,952303,788,452296,223,952299,360,452303,788,452300,651,952294,932,452291,795,952308,216,452299,360,452276,666,952308,216,4523,527,425,920

PPH15%0.01,207,3800.0321,7805,853,70512,874,23014,273,35513,390,83019,796,28018,665,88016,238,28018,255,480120,877,20320,071,86821,206,54319,407,66829,073,59334,940,31832,716,56835,453,31832,716,56839,287,84339,287,84334,315,56838,476,043376,953,7380.036,264,18034,877,35537,887,78031,765,45531,242,70543,918,45541,919,70544,656,45543,918,45540,136,20544,656,455431,243,20836,663,59345,568,26844,433,59344,904,06845,568,26845,097,79344,239,86843,769,39346,232,46844,904,06841,500,04346,232,468529,113,888

INTEREST23,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,000280,800,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,000280,800,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,00023,400,000280,800,0000.00.00.00.00.00.00.00.00.00.00.00.00

NET PROFIT(26,297,798)(16,558,179)(26,297,798)(21,576,579)9,770,99649,553,97157,482,34652,481,37188,778,92182,373,32168,616,92180,047,721398,375,21890,340,58496,770,40986,576,784141,350,359174,595,134161,993,884177,502,134161,993,884199,231,109199,231,109171,054,884194,630,9091,855,271,182(1,460,060,298)182,097,021174,238,346191,297,421156,604,246153,641,996225,471,246214,144,996229,653,246225,471,246204,038,496229,653,246726,251,212207,760,359258,220,184251,790,359254,456,384258,220,184255,554,159250,692,584248,026,559261,983,984254,456,384235,166,909261,983,9842,998,312,032

2,998,312,032RE1(26,297,798)(16,558,179)(26,297,798)(21,576,579)9,770,99649,553,97157,482,34652,481,37188,778,92182,373,32168,616,92180,047,721398,375,21890,340,583.9296,770,408.9286,576,783.92141,350,358.92174,595,133.92161,993,883.92177,502,133.92161,993,883.92199,231,108.92199,231,108.92171,054,883.92194,630,908.921,855,271,182.00(1,460,060,298)182,097,021174,238,346191,297,421156,604,246153,641,996225,471,246214,144,996229,653,246225,471,246204,038,496229,653,246726,251,212207,760,359258,220,184251,790,359254,456,384258,220,184255,554,159250,692,584248,026,559261,983,984254,456,384235,166,909261,983,984Accumulated RE(26,297,798)(42,855,977)(69,153,775)(90,730,354)(80,959,357)(31,405,386)26,076,96078,558,332167,337,253249,710,575318,327,496398,375,218488,715,801.42585,486,210.33672,062,994.25813,413,353.17988,008,487.081,150,002,371.001,327,504,504.921,489,498,388.831,688,729,497.751,887,960,606.672,059,015,490.582,253,646,399.50793,586,101975,683,1231,149,921,4691,341,218,8901,497,823,1371,651,465,1331,876,936,3802,091,081,3762,320,734,6232,546,205,8692,750,244,3652,979,897,6123,187,657,9713,445,878,1553,697,668,5143,952,124,8974,210,345,0814,465,899,2404,716,591,8244,964,618,3835,226,602,3675,481,058,7515,716,225,6605,978,209,644BEP(3,900,000,000)(3,926,297,798)(3,942,855,977)(3,969,153,775)(3,990,730,354)(3,980,959,357)(3,931,405,386)(3,873,923,040)(3,821,441,668)(3,732,662,747)(3,650,289,425)(3,581,672,504)(3,501,624,783)(3,411,284,199)(3,314,513,790)(3,227,937,006)(3,086,586,647)(2,911,991,513)(2,749,997,629)(2,572,495,495)(2,410,501,611)(2,211,270,502)(2,012,039,393)(1,840,984,509)(1,646,353,601)(3,106,413,899)(2,924,316,877)(2,750,078,531)(2,558,781,110)(2,402,176,863)(2,248,534,867)(2,023,063,620)(1,808,918,624)(1,579,265,378)(1,353,794,131)(1,149,755,635)(920,102,388)(712,342,029)(454,121,845)(202,331,487)52,124,897310,345,081565,899,240816,591,8241,064,618,3831,326,602,3671,581,058,7511,816,225,6602,078,209,644total RE(31,405,386)total RE429,780,604total RE1,103,644,029total RE1,328,432,479total RE1,512,310,404total Div(341,402,648)

Of SalesNet ReceivedService Charge7%100%RE2,830,451,72515%7x2% BODFood & Drink Composition48%52%DIV(341,402,648)1% NOELFood Cost25%Drink cost25%workshare396,263,241.43

ROIYear123TotalCash out-3,900,000,000-3,900,000,000Cash In398,375,2181,855,271,182726,251,2122,979,897,612Net Cash Flow(3,501,624,783)1,855,271,182726,251,212(920,102,388)Cumulative Cash Flow(3,501,624,783)(1,646,353,601)(920,102,388)IRR-21%

Revenue F&BART CO&CO PROJECTFINANCIAL PROJECTION

SUMMARY OF REVENUE ASSUMPTIONS

Turn Around / Day (100%)FoodBeverageNo. of days in April 201530REVENUE PER MONTH SCENARIO 100%Weekdays11.5Type of daysFoodweek days221.010050,000110,000,00048%Weekend1.52.5Weekend8week end81.510050,00060,000,000Food170,000,000180,000,000170,000,000175,000,000180,000,000170,000,000177,500,000172,500,000175,000,000180,000,000165,000,000175,000,000172,500,000177,500,000170,000,000180,000,000175,000,000170,000,000180,000,000170,000,000177,500,000177,500,000160,000,000175,000,000175,000,000175,000,000170,000,000180,000,000175,000,000172,500,000177,500,000170,000,000180,000,000177,500,000162,500,000180,000,000175,000,000180,000,000175,000,000177,500,000180,000,000177,500,000175,000,000172,500,000182,500,000177,500,000162,500,000182,500,000Weekdays22Beveragesweek days221.510035,000115,500,00052%Beverage185,500,000197,750,000185,500,000190,750,000197,750,000185,500,000194,250,000189,000,000190,750,000197,750,000180,250,000190,750,000189,000,000194,250,000185,500,000197,750,000190,750,000185,500,000197,750,000185,500,000194,250,000194,250,000175,000,000190,750,000192,500,000190,750,000185,500,000197,750,000190,750,000189,000,000194,250,000185,500,000197,750,000194,250,000178,500,000197,750,000192,500,000197,750,000192,500,000194,250,000197,750,000196,000,000190,750,000189,000,000201,250,000194,250,000178,500,000201,250,000Avg Ticket / Pax (No Tax)Rp50,000Rp35,000week end82.510035,00070,000,00060%60%60%60%70%70%70%70%80%80%80%80%90%90%90%90%100%100%100%100%110%110%110%110%110%110%110%110%100%100%100%100%100%100%100%100%90%90%90%90%90%90%90%90%90%90%90%90%Total per Month355,500,000Sitting Capacity100No. of days in May 201531REVENUE PER MONTH SCENARIO 100%Food102,000,000108,000,000102,000,000105,000,000126,000,000119,000,000124,250,000120,750,000140,000,000144,000,000132,000,000140,000,000155,250,000159,750,000153,000,000162,000,000175,000,000170,000,000180,000,000170,000,000195,250,000195,250,000176,000,000192,500,000192,500,000192,500,000187,000,000198,000,000175,000,000172,500,000177,500,000170,000,000180,000,000177,500,000162,500,000180,000,000157,500,000162,000,000157,500,000159,750,000162,000,000159,750,000157,500,000155,250,000164,250,000159,750,000146,250,000164,250,000Type of daysFoodweek days211.010050,000105,000,00048%Beverage111,300,000118,650,000111,300,000114,450,000138,425,000129,850,000135,975,000132,300,000152,600,000158,200,000144,200,000152,600,000170,100,000174,825,000166,950,000177,975,000190,750,000185,500,000197,750,000185,500,000213,675,000213,675,000192,500,000209,825,000211,750,000209,825,000204,050,000217,525,000190,750,000189,000,000194,250,000185,500,000197,750,000194,250,000178,500,000197,750,000173,250,000177,975,000173,250,000174,825,000177,975,000176,400,000171,675,000170,100,000181,125,000174,825,000160,650,000181,125,000Weekend10week end101.510050,00075,000,000Weekdays21Beveragesweek days211.510035,000110,250,00052%0%week end102.510035,00087,500,000Total per Month377,750,000No.Revenue on Month%Sales RevenueNet IncomeNo. of days in June 201530REVENUE PER MONTH SCENARIO 100%1Month 160%213,300,000(26,297,798)Type of daysFoodweek days221.010050,000110,000,00048%2Month 260%226,650,000(16,558,179)Weekend8week end81.510050,00060,000,0003Month 360%213,300,000(26,297,798)Weekdays22Beveragesweek days221.510035,000115,500,00052%4Month 460%219,450,000(21,576,579)week end82.510035,00070,000,0005Month 570%264,425,0009,770,996Total per Month355,500,0006Month 670%248,850,00049,553,971No. of days in July 201531REVENUE PER MONTH SCENARIO 100%7Month 770%260,225,00057,482,346Type of daysFoodweek days231.010050,000115,000,00048%8Month 870%253,050,00052,481,371Weekend8week end81.510050,00060,000,0009Month 980%302,200,00088,778,921Weekdays23Beveragesweek days231.510035,000120,750,00052%10Month 1080%297,400,00082,373,321week end82.510035,00070,000,00011Month 1180%276,200,00068,616,921Total per Month365,750,00012Month 1280%292,600,00080,047,721No. of days in August 201531REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,00048%13Month 1390%325,350,00090,340,584Weekend10week end101.510050,00075,000,00014Month 1490%334,575,00096,770,409Weekdays21Beveragesweek days211.510035,000110,250,00052%15Month 1590%319,950,00086,576,784week end102.510035,00087,500,00016Month 1690%329,175,000141,350,359Total per Month377,750,00017Month 17100%371,750,000174,595,134No. of days in September 201530REVENUE PER MONTH SCENARIO 100%18Month 18100%355,500,000161,993,884Type of daysFoodweek days221.010050,000110,000,00048%19Month 19100%377,750,000177,502,134Weekend8week end81.510050,00060,000,00020Month 20100%355,500,000161,993,884Weekdays22Beveragesweek days221.510035,000115,500,00052%21Month 21110%408,925,000199,231,109week end82.510035,00070,000,00022Month 22110%408,925,000199,231,109Total per Month355,500,00023Month 23110%368,500,000171,054,884No. of days in October 201531REVENUE PER MONTH SCENARIO 100%24Month 24110%402,325,000194,630,909Type of daysFoodweek days221.010050,000110,000,00048%Weekend9week end91.510050,00067,500,00025Month 25110%404,250,000(1,460,060,298)Weekdays22Beveragesweek days221.510035,000115,500,00052%26Month 26110%402,325,000182,097,021week end92.510035,00078,750,00027Month 27110%391,050,000174,238,346Total per Month371,750,00028Month 28110%415,525,000191,297,421No. of days in November 201530REVENUE PER MONTH SCENARIO 100%29Month 29100%365,750,000156,604,246Type of daysFoodweek days211.010050,000105,000,00048%30Month 30100%361,500,000153,641,996Weekend9week end91.510050,00067,500,00031Month 31100%371,750,000225,471,246Weekdays21Beveragesweek days211.510035,000110,250,00052%32Month 32100%355,500,000214,144,996week end92.510035,00078,750,00033Month 33100%377,750,000229,653,246Total per Month361,500,00034Month 34100%371,750,000225,471,246No. of days in December 201531REVENUE PER MONTH SCENARIO 100%35Month 35100%341,000,000204,038,496Type of daysFoodweek days231.010050,000115,000,00048%36Month 36100%377,750,000229,653,246Weekend8week end81.510050,00060,000,000Weekdays23Beveragesweek days231.510035,000120,750,00052%37Month 3790%330,750,000week end82.510035,00070,000,00038Month 3890%339,975,000Total per Month365,750,00039Month 3990%330,750,000No. of days in January 201631REVENUE PER MONTH SCENARIO 100%40Month 4090%334,575,000Type of daysFoodweek days211.010050,000105,000,00048%41Month 4190%339,975,000Weekend10week end101.510050,00075,000,00042Month 4290%336,150,000Weekdays21Beveragesweek days211.510035,000110,250,00052%43Month 4390%329,175,000week end102.510035,00087,500,00044Month 4490%325,350,000Total per Month377,750,00045Month 4590%345,375,000No. of days in February 201629REVENUE PER MONTH SCENARIO 100%46Month 4690%334,575,000Type of daysFoodweek days211.010050,000105,000,00048%47Month 4790%306,900,000Weekend8week end81.510050,00060,000,00048Month 4890%345,375,000Weekdays21Beveragesweek days211.510035,000110,250,00052%week end82.510035,00070,000,00015,960,700,0002,979,897,612Total per Month345,250,000No. of days in March 201631REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days231.010050,000115,000,00048%Weekend8week end81.510050,00060,000,000Weekdays23Beveragesweek days231.510035,000120,750,00052%week end82.510035,00070,000,000Total per Month365,750,000No. of days in April 201630REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,00048%Weekend9week end91.510050,00067,500,000Weekdays21Beveragesweek days211.510035,000110,250,00052%week end92.510035,00078,750,000Total per Month361,500,000No. of days in May 201631REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,00048%Weekend9week end91.510050,00067,500,000Weekdays22Beveragesweek days221.510035,000115,500,00052%week end92.510035,00078,750,000Total per Month371,750,000No. of days in June 201630REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,00048%Weekend8week end81.510050,00060,000,000Weekdays22Beveragesweek days221.510035,000115,500,00052%week end82.510035,00070,000,000Total per Month355,500,000No. of days in July 201631REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,00048%Weekend10week end101.510050,00075,000,000Weekdays21Beveragesweek days211.510035,000110,250,00052%week end102.510035,00087,500,000Total per Month377,750,000No. of days in August 201631REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days231.010050,000115,000,00048%Weekend8week end81.510050,00060,000,000Weekdays23Beveragesweek days231.510035,000120,750,00052%week end82.510035,00070,000,000Total per Month365,750,000No. of days in September 201630REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,00048%Weekend8week end81.510050,00060,000,000Weekdays22Beveragesweek days221.510035,000115,500,00052%week end82.510035,00070,000,000Total per Month355,500,000No. of days in October 201631REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,00048%Weekend10week end101.510050,00075,000,000Weekdays21Beveragesweek days211.510035,000110,250,00052%week end102.510035,00087,500,000Total per Month377,750,000No. of days in November 201630REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,00048%Weekend8week end81.510050,00060,000,000Weekdays22Beveragesweek days221.510035,000115,500,00052%week end82.510035,00070,000,000Total per Month355,500,000No. of days in December 201631REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,00048%Weekend9week end91.510050,00067,500,000Weekdays22Beveragesweek days221.510035,000115,500,00052%week end92.510035,00078,750,000Total per Month371,750,000No. of days in January 201731REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,00048%Weekend9week end91.510050,00067,500,000Weekdays22Beveragesweek days221.510035,000115,500,00052%week end92.510035,00078,750,000Total per Month371,750,000No. of days in February 201728REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days201.010050,000100,000,00048%Weekend8week end81.510050,00060,000,000Weekdays20Beveragesweek days201.510035,000105,000,00052%week end82.510035,00070,000,000Total per Month335,000,000No. of days in March 201731REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days231.010050,000115,000,00048%Weekend8week end81.510050,00060,000,000Weekdays23Beveragesweek days231.510035,000120,750,00052%week end82.510035,00070,000,000Total per Month365,750,000No. of days in April 201730REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days201.010050,000100,000,00048%Weekend10week end101.510050,00075,000,000Weekdays20Beveragesweek days201.510035,000105,000,00052%week end102.510035,00087,500,000Total per Month367,500,000No. of days in May 201731REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days231.010050,000115,000,00048%Weekend8week end81.510050,00060,000,000Weekdays23Beveragesweek days231.510035,000120,750,00052%week end82.510035,00070,000,000Total per Month365,750,000No. of days in June 201730REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,00048%Weekend8week end81.510050,00060,000,000Weekdays22Beveragesweek days221.510035,000115,500,00052%week end82.510035,00070,000,000Total per Month355,500,000No. of days in July 201731REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,00048%Weekend10week end101.510050,00075,000,000Weekdays21Beveragesweek days211.510035,000110,250,00052%week end102.510035,00087,500,000Total per Month377,750,000No. of days in August 201731REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days231.010050,000115,000,00048%Weekend8week end81.510050,00060,000,000Weekdays23Beveragesweek days231.510035,000120,750,00052%week end82.510035,00070,000,000Total per Month365,750,000No. of days in September 201730REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,00048%Weekend9week end91.510050,00067,500,000Weekdays21Beveragesweek days211.510035,000110,250,00052%week end92.510035,00078,750,000Total per Month361,500,000No. of days in October 201731REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,00048%Weekend9week end91.510050,00067,500,000Weekdays22Beveragesweek days221.510035,000115,500,00052%week end92.510035,00078,750,000Total per Month371,750,000No. of days in November 201730REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,00048%Weekend8week end81.510050,00060,000,000Weekdays22Beveragesweek days221.510035,000115,500,00052%week end82.510035,00070,000,000Total per Month355,500,000No. of days in December 201731REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,00048%Weekend10week end101.510050,00075,000,000Weekdays21Beveragesweek days211.510035,000110,250,00052%week end102.510035,00087,500,000Total per Month377,750,000No. of days in January 201831REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,00048%Weekend9week end91.510050,00067,500,000Weekdays22Beveragesweek days221.510035,000115,500,00052%week end92.510035,00078,750,000Total per Month371,750,000No. of days in February 201828REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days191.010050,00095,000,00048%Weekend9week end91.510050,00067,500,000Weekdays19Beveragesweek days191.510035,00099,750,00052%week end92.510035,00078,750,000Total per Month341,000,000No. of days in March 201831REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,00048%Weekend10week end101.510050,00075,000,000Weekdays21Beveragesweek days211.510035,000110,250,00052%week end102.510035,00087,500,000Total per Month377,750,000No. of days in April 201830REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days201.010050,000100,000,000Weekend10week end101.510050,00075,000,000Weekdays20Beveragesweek days201.510035,000105,000,000week end102.510035,00087,500,000Total per Month367,500,000No. of days in May 201831REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,000Weekend10week end101.510050,00075,000,000Weekdays21Beveragesweek days211.510035,000110,250,000week end102.510035,00087,500,000Total per Month377,750,000No. of days in June 201830REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days201.010050,000100,000,000Weekend10week end101.510050,00075,000,000Weekdays20Beveragesweek days201.510035,000105,000,000week end102.510035,00087,500,000Total per Month367,500,000No. of days in July 201831REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,000Weekend9week end91.510050,00067,500,000Weekdays22Beveragesweek days221.510035,000115,500,000week end92.510035,00078,750,000Total per Month371,750,000No. of days in August 201831REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,000Weekend10week end101.510050,00075,000,000Weekdays21Beveragesweek days211.510035,000110,250,000week end102.510035,00087,500,000Total per Month377,750,000No. of days in September 201830REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days191.010050,00095,000,000Weekend11week end111.510050,00082,500,000Weekdays19Beveragesweek days191.510035,00099,750,000week end112.510035,00096,250,000Total per Month373,500,000No. of days in October 201831REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days231.010050,000115,000,000Weekend8week end81.510050,00060,000,000Weekdays23Beveragesweek days231.510035,000120,750,000week end82.510035,00070,000,000Total per Month365,750,000No. of days in November 201830REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,000Weekend9week end91.510050,00067,500,000Weekdays21Beveragesweek days211.510035,000110,250,000week end92.510035,00078,750,000Total per Month361,500,000No. of days in December 201831REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days201.010050,000100,000,000Weekend11week end111.510050,00082,500,000Weekdays20Beveragesweek days201.510035,000105,000,000week end112.510035,00096,250,000Total per Month383,750,000No. of days in January 201931REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,000Weekend9week end91.510050,00067,500,000Weekdays22Beveragesweek days221.510035,000115,500,000week end92.510035,00078,750,000Total per Month371,750,000No. of days in February 201928REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days191.010050,00095,000,000Weekend9week end91.510050,00067,500,000Weekdays19Beveragesweek days191.510035,00099,750,000week end92.510035,00078,750,000Total per Month341,000,000No. of days in March 201931REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days201.010050,000100,000,000Weekend11week end111.510050,00082,500,000Weekdays20Beveragesweek days201.510035,000105,000,000week end112.510035,00096,250,000Total per Month383,750,000No. of days in April 201930REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days191.010050,00095,000,000Weekend11week end111.510050,00082,500,000Weekdays19Beveragesweek days191.510035,00099,750,000week end112.510035,00096,250,000Total per Month373,500,000No. of days in May 201931REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,000Weekend10week end101.510050,00075,000,000Weekdays21Beveragesweek days211.510035,000110,250,000week end102.510035,00087,500,000Total per Month377,750,000No. of days in June 201930REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days201.010050,000100,000,000Weekend10week end101.510050,00075,000,000Weekdays20Beveragesweek days201.510035,000105,000,000week end102.510035,00087,500,000Total per Month367,500,000No. of days in July 201931REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,000Weekend9week end91.510050,00067,500,000Weekdays22Beveragesweek days221.510035,000115,500,000week end92.510035,00078,750,000Total per Month371,750,000No. of days in August 201931REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,000Weekend10week end101.510050,00075,000,000Weekdays21Beveragesweek days211.510035,000110,250,000week end102.510035,00087,500,000Total per Month377,750,000No. of days in September 201930REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days191.010050,00095,000,000Weekend11week end111.510050,00082,500,000Weekdays19Beveragesweek days191.510035,00099,750,000week end112.510035,00096,250,000Total per Month373,500,000No. of days in October 201931REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days231.010050,000115,000,000Weekend8week end81.510050,00060,000,000Weekdays23Beveragesweek days231.510035,000120,750,000week end82.510035,00070,000,000Total per Month365,750,000No. of days in November 201930REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days211.010050,000105,000,000Weekend9week end91.510050,00067,500,000Weekdays21Beveragesweek days211.510035,000110,250,000week end92.510035,00078,750,000Total per Month361,500,000No. of days in December 201931REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days201.010050,000100,000,000Weekend11week end111.510050,00082,500,000Weekdays20Beveragesweek days201.510035,000105,000,000week end112.510035,00096,250,000Total per Month383,750,000No. of days in January 202031REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days221.010050,000110,000,000Weekend9week end91.510050,00067,500,000Weekdays22Beveragesweek days221.510035,000115,500,000week end92.510035,00078,750,000Total per Month371,750,000No. of days in February 202028REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days191.010050,00095,000,000Weekend9week end91.510050,00067,500,000Weekdays19Beveragesweek days191.510035,00099,750,000week end92.510035,00078,750,000Total per Month341,000,000No. of days in March 202031REVENUE PER MONTH SCENARIO 100%Type of daysFoodweek days201.010050,000100,000,000Weekend11week end111.510050,00082,500,000Weekdays20Beveragesweek days201.510035,000105,000,000week end112.510035,00096,250,000Total per Month383,750,000

R&C CofClassART CO&CO PROJECTFINANCIAL PROJECTION

SUMMARY OF REVENUE AND COST COFFEE CLASS ASSUMPTIONS

DESCRIPTIONFIRST YEAR SECOND YEARTHIRD YEARFOURTH YEARQ1Q2Q3Q4TOTAL 1ST YEARQ1Q2Q3Q4TOTAL 2ND YEARQ1Q2Q3Q4TOTAL 3RD YEARQ1Q2Q3Q4TOTAL 4RD YEARM 1M2M3M 4M 5M 6M 7M 8M 9M 10M 11M 12M 13M14M15M 16M 17M 18M 19M 20M 21M 22M 23M 24M 25M26M27M 28M 29M 30M 31M 32M 33M 34M 35M 36M 37M 38M 39M 40M 41M 42M 43M 44M 45M 46M 47M 48QUANTITYCOFFEE CLASSALL IN CLASS000003333333333555555555555555777777799999999999ESPRESSO CLASS000003333333333555555555555555777777799999999999MANUAL BREWING000003333333333666666666666666121212121212121515151515151515151515COFFEE CUPING000003333333333666666666666666121212121212121515151515151515151515

SALES0.00.00.00.00.030,250,00030,250,00030,250,00030,250,00030,250,00030,250,00030,250,00030,250,00030,250,00030,250,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00060,500,00095,500,00095,500,00095,500,00095,500,00095,500,00095,500,00095,500,000121,500,000121,500,000121,500,000121,500,000121,500,000121,500,000121,500,000121,500,000121,500,000121,500,000121,500,000COFFEE CLASSALL IN CLASS5,000,0000.00.00.00.00.012,500,00012,500,00012,500,00012,500,00012,500,00012,500,00012,500,00012,500,00012,500,00012,500,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00025,000,00035,000,00035,000,00035,000,00035,000,00035,000,00035,000,00035,000,00045,000,00045,000,00045,000,00045,000,00045,000,00045,000,00045,000,00045,000,00045,000,00045,000,00045,000,000ESPRESSO CLASS3,500,0000.00.00.00.00.08,750,0008,750,0008,750,0008,750,0008,750,0008,750,0008,750,0008,750,0008,750,0008,750,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00017,500,00024,500,00024,500,00024,500,00024,500,00024,500,00024,500,00024,500,00031,500,00031,500,00031,500,00031,500,00031,500,00031,500,00031,500,00031,500,00031,500,00031,500,00031,500,000MANUAL BREWING1,500,0000.00.00.00.00.04,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,000COFFEE CUPING1,500,0000.00.00.00.00.04,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,00022,500,000

COST0.00.00.00.00.06,175,0006,175,0006,175,0006,175,0006,175,0006,175,0006,175,0006,175,0006,175,0006,175,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00012,350,00019,450,00019,450,00019,450,00019,450,00019,450,00019,450,00019,450,00024,750,00024,750,00024,750,00024,750,00024,750,00024,750,00024,750,00024,750,00024,750,00024,750,00024,750,000COFFEE CLASSALL IN CLASS23%0.00.00.00.00.02,875,0002,875,0002,875,0002,875,0002,875,0002,875,0002,875,0002,875,0002,875,0002,875,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0005,750,0008,050,0008,050,0008,050,0008,050,0008,050,0008,050,0008,050,00010,350,00010,350,00010,350,00010,350,00010,350,00010,350,00010,350,00010,350,00010,350,00010,350,00010,350,000ESPRESSO CLASS17%0.00.00.00.00.01,500,0001,500,0001,500,0001,500,0001,500,0001,500,0001,500,0001,500,0001,500,0001,500,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0004,200,0004,200,0004,200,0004,200,0004,200,0004,200,0004,200,0005,400,0005,400,0005,400,0005,400,0005,400,0005,400,0005,400,0005,400,0005,400,0005,400,0005,400,000MANUAL BREWING20%0.00.00.00.00.0900,000900,000900,000900,000900,000900,000900,000900,000900,000900,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,000COFFEE CUPING20%0.00.00.00.00.0900,000900,000900,000900,000900,000900,000900,000900,000900,000900,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0001,800,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,0003,600,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,0004,500,000

GROSS PROFIT0.00.00.00.00.024,075,00024,075,00024,075,00024,075,00024,075,00024,075,00024,075,00024,075,00024,075,00024,075,00048,150,00048,150,00048,150,00048,150,00048,150,00048,150,00048,150,00048,150,00048,150,00048,150,00048,150,00048,150,00048,150,00048,150,00048,150,00076,050,00076,050,00076,050,00076,050,00076,050,00076,050,00076,050,00096,750,00096,750,00096,750,00096,750,00096,750,00096,750,00096,750,00096,750,00096,750,00096,750,00096,750,000

ALL IN CLASS100%0%0%0%0%25%25%25%25%25%25%25%25%25%25%50%50%50%50%50%50%50%50%50%50%50%50%50%50%50%70%70%70%70%70%70%70%90%90%90%90%90%90%90%90%90%90%90%ESPRESSO CLASS100%0%0%0%0%25%25%25%25%25%25%25%25%25%25%50%50%50%50%50%50%50%50%50%50%50%50%50%50%50%70%70%70%70%70%70%70%90%90%90%90%90%90%90%90%90%90%90%MANUAL BREWING150%0%0%0%0%20%20.0%20.0%20.0%20.0%20.0%20.0%20.0%20.0%20.0%40%40%40%40%40%40%40%40%40%40%40%40%40%40%40%80%80%80%80%80%80%80%100%100%100%100%100%100%100%100%100%100%100%COFFEE CUPING150%0%0%0%0%20%20.0%20.0%20.0%20.0%20.0%20.0%20.0%20.0%20.0%40%40%40%40%40%40%40%40%40%40%40%40%40%40%40%80%80%80%80%80%80%80%100%100%100%100%100%100%100%100%100%100%100%

Coffe ClassALL IN CLASS- Barista100,0003300,000- Snack20,000360,000- Sertifikat40,000- Bahan Baku Kopi200,0003600,000- Pendamping50,0003150,0001,150,00023%

ESPRESSO CLASS- Barista200,0001200,000- Snack20,000120,000- Sertifikat40,000- Bahan Baku Kopi290,0001290,000- Pendamping50,000150,000600,00017%

MANUAL BREWING- Barista70,000170,000- Snack20,000120,000- Sertifikat40,000- Bahan Baku Kopi100,0001100,000- Pendamping70,000170,000300,00020%

COFFEE CUPING- Barista70,000170,000- Snack20,000120,000- Sertifikat40,000- Bahan Baku Kopi100,0001100,000- Pendamping70,000170,000300,00020%

R&C CoSpaceART CO&CO PROJECTFINANCIAL PROJECTION

SUMMARY OF REVENUE AND COST COWORKING SPACE ASSUMPTIONS

DESCRIPTIONFIRST YEAR SECOND YEARTHIRD YEARFOURTH YEARQ1Q2Q3Q4TOTAL 1ST YEARQ1Q2Q3Q4TOTAL 2ND YEARQ1Q2Q3Q4TOTAL 3RD YEARQ1Q2Q3Q4TOTAL 4RD YEARM 1M2M3M 4M 5M 6M 7M 8M 9M 10M 11M 12M 13M14M15M 16M 17M 18M 19M 20M 21M 22M 23M 24M 25M26M27M 28M 29M 30M 31M 32M 33M 34M 35M 36M 37M 38M 39M 40M 41M 42M 43M 44M 45M 46M 47M 48QUANTITYCOWORKING SPACEINDIVIDUAL60000015151515151515151515303030303030303030303030303030484848484848485757575757575757575757TEAM800001111111111222222222222222444444466666666666

SALES0.00.00.00.00.047,500,00047,500,00047,500,00047,500,00047,500,00047,500,00047,500,00047,500,00047,500,00047,500,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,00095,000,000160,000,000160,000,000160,000,000160,000,000160,000,000160,000,000160,000,000202,500,000202,500,000202,500,000202,500,000202,500,000202,500,000202,500,000202,500,000202,500,000202,500,000202,500,000COWORKING SPACEINDIVIDUAL2,500,0000.00.00.00.00.037,500,00037,500,00037,500,00037,500,00037,500,00037,500,00037,500,00037,500,00037,500,00037,500,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,00075,000,000120,000,000120,000,000120,000,000120,000,000120,000,000120,000,000120,000,000142,500,000142,500,000142,500,000142,500,000142,500,000142,500,000142,500,000142,500,000142,500,000142,500,000142,500,000TEAM10,000,0000.00.00.00.00.010,000,00010,000,00010,000,00010,000,00010,000,00010,000,00010,000,00010,000,00010,000,00010,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00020,000,00040,000,00040,000,00040,000,00040,000,00040,000,00040,000,00040,000,00060,000,00060,000,00060,000,00060,000,00060,000,00060,000,00060,000,00060,000,00060,000,00060,000,00060,000,000

COST0.00.00.00.00.012,000,00012,000,00012,000,00012,000,00012,000,00012,000,00012,000,00012,000,00012,000,00012,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00024,000,00040,800,00040,800,00040,800,00040,800,00040,800,00040,800,00040,800,00052,200,00052,200,00052,200,00052,200,00052,200,00052,200,00052,200,00052,200,00052,200,00052,200,00052,200,000COWORKING SPACEINDIVIDUAL24%0.00.00.00.00.09,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,0009,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00028,800,00028,800,00028,800,00028,800,00028,800,00028,800,00028,800,00034,200,00034,200,00034,200,00034,200,00034,200,00034,200,00034,200,00034,200,00034,200,00034,200,00034,200,000TEAM30%0.00.00.00.00.03,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0003,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,0006,000,00012,000,00012,000,00012,000,00012,000,00012,000,00012,000,00012,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,00018,000,000

GROSS PROFIT0.00.00.00.00.035,500,00035,500,00035,500,00035,500,00035,500,00035,500,00035,500,00035,500,00035,500,00035,500,00071,000,00071,000,00071,000,00071,000,00071,000,00071,000,00071,000,00071,000,00071,000,00071,000,00071,000,00071,000,00071,000,00071,000,00071,000,000119,200,000119,200,000119,200,000119,200,000119,200,000119,200,000119,200,000150,300,000150,300,000150,300,000150,300,000150,300,000150,300,000150,300,000150,300,000150,300,000150,300,000150,300,000

INDIVIDUAL0%0%0%0%0%25%25%25%25%25%25%25%25%25%25%50%50%50%50%50%50%50%50%50%50%50%50%50%50%50%80%80%80%80%80%80%80%95%95%95%95%95%95%95%95%95%95%95%TEAM0%0%0%0%0%12.5%12.5%12.5%12.5%12.5%12.5%12.5%13%13%13%25%25%25%25%25%25%25%25%25%25%25%25%25%25%25%50%50%50%50%50%50%50%75%75%75%75%75%75%75%75%75%75%75%

Coworking Cost- Kertas200pcs20040,000- Tinta3set60,000180,000- Pensil20pcs50010,000- Kopi100cup2,000200,000- Paper Cup100cup50050,000- Spidol12pcs10,000120,000600,000PriceCostPercentage12,500,000600,00024%510,000,0003,000,00030%

OPEXART CO&CO PROJECTFINANCIAL PROJECTION

OPERATIONAL EXPENDITURES

No.DescriptionQtyUnit CostCostTotal Cost%

ISALARY96,657,50068.8%

1Management637,260,0002Barista518,572,5003Service Floor515,295,0004Kitchen825,530,000

IIUTILITIES29,000,00020.6%1Electrical115,000,00015,000,0002Gas 15,000,0005,000,0003Telephone & fax11,000,0001,000,0004Internet21,500,0003,000,0005Beaureucracy010,000,00006Public Security15,000,0005,000,000

IIITOILETRIES4,800,0003.4%1Table tissues2,000,0002,000,0002Toilet paper1,000,0001,000,0003Hand towel500,000500,0004Hand soap300,000300,0005Cleaning supplies1,000,0001,000,000

IVMARKETING10,000,0007.1%1General Expense5,000,0005,000,000110%120%130%2Event Expense31,000,0003,000,000Year 1Year 2Year 3Year 43Marketing Overhead2,000,0002,000,000OPEX140,457,500154,503,250168,549,000182,594,750IT3,000,0003,300,0003,600,0003,900,000IVOVERHEAD COST0.00.0%BUILDING M4,000,0004,400,0004,800,0005,200,0001Overhead Cost00

Total140,457,500

OPEX - SalaryART CO&CO PROJECTFINANCIAL PROJECTION

EMPLOYEE DETAIL

No. of Days20BODNo.30Yg lainNo.DescriptionNo. of PeopleBasic SalaryTransport AllowServ.ChargeMeal AllowTHP(Take Home Pay)Total Salary JamsostekTHRPPH21Total Labor CostTOTAL COSTMonthdailymonthlydailymonthly5.00%10.00%yearlyYear123456789101112SERVICE CHARGE COFFEE SHOP7%11IBOD, Management, and Office Admin637,260,00021Janied Andrianto (SD)14,000,00050,0001,000,0000.020,000400,0005,400,000270,000540,00073,440,0006,210,0006,210,00032,400,000Direksi50%32Sharfan Fega M (HRD)14,000,00050,0001,000,0000.020,000400,0005,400,000270,000540,00073,440,0006,210,0006,210,000Karyawan50%43M Farouq G (MD)14,000,00050,0001,000,0000.020,000400,0005,400,000270,000540,00073,440,0006,210,0006,210,0004Hutama Harun (OD)14,000,00050,0001,000,0000.020,000400,0005,400,000270,000540,00073,440,0006,210,0006,210,00017,465,5007,932,7507,465,5007,680,7509,254,8758,709,7509,107,8758,856,75010,577,00010,409,0009,667,00010,241,0005Putro Satrio Nugroho (FD)14,000,00050,0001,000,0000.020,000400,0005,400,000270,000540,00073,440,0006,210,0006,210,0007,465,5007,932,7507,465,5007,680,7509,254,8758,709,7509,107,8758,856,75010,577,00010,409,0009,667,00010,241,0006Rustyan Adi Putra (Store Manager)14,000,00050,0001,000,0000.020,000400,0005,400,000270,000540,00073,440,0006,210,0006,210,000

1General Manager03,000,00020,000400,0000.010,000200,0003,600,000180,000360,00048,960,0004,140,0000.011,576,25011,899,12511,576,25011,710,12511,899,12511,765,25011,521,12511,387,25012,088,12511,710,12510,741,50012,088,1252(F&B M)03,000,00020,000400,0000.010,000200,0003,600,000180,000360,00048,960,0004,140,0000.03(Head Admin)02,500,00010,000200,0000.010,000200,0002,900,000145,000290,00039,440,0003,335,0000.04(FA)02,000,00010,000200,0000.010,000200,0002,400,000120,000240,00032,640,0002,760,0000.05(Marketing Manager)02,000,00010,000200,0000.010,000200,0002,400,000120,000240,00032,640,0002,760,0000.06(GA)02,000,00010,000200,0000.010,000200,0002,400,000120,000240,00032,640,0002,760,0000.07(LM)02,000,00010,000200,0000.010,000200,0002,400,000120,000240,00032,640,0002,760,0000.0211,387,25011,710,12511,198,25011,521,12513,011,25012,442,50013,221,25012,442,50014,312,37514,312,37512,897,50014,081,375IIBar518,572,50011,387,25011,710,12511,198,25011,521,12513,011,25012,442,50013,221,25012,442,50014,312,37514,312,37512,897,50014,081,3751Captain Barista13,000,00015,000450,00020,000600,0004,050,000202,500405,00055,080,0004,657,5004,657,5002Co Captain Barista12,500,00010,000300,00020,000600,0003,400,000170,000340,00046,240,0003,910,0003,910,0002Barista32,000,00010,000300,00020,000600,0002,900,000145,000290,00039,440,0003,335,00010,005,000314,148,75014,081,37513,686,75014,543,37512,801,25012,652,50013,011,25012,442,50013,221,25013,011,25011,935,00013,221,25014,148,75014,081,37513,686,75014,543,37512,801,25012,652,50013,011,25012,442,50013,221,25013,011,25011,935,00013,221,250IIIService Floor515,295,0001Manager Operational02,500,0007,000210,00010,000300,0003,010,000150,500301,00040,936,0003,461,5000.01Captain servants12,000,00010,000300,00020,000600,0002,900,000145,000290,00039,440,0003,335,0003,335,000411,576,25011,899,12511,576,25011,710,12511,899,12511,765,25011,521,12511,387,25012,088,12511,710,12510,741,50012,088,1252Servants41,700,00010,000300,00020,000600,0002,600,000130,000260,00035,360,0002,990,00011,960,00011,576,25011,899,12511,576,25011,710,12511,899,12511,765,25011,521,12511,387,25012,088,12511,710,12510,741,50012,088,1255Daily Worker01,000,0007,000210,00010,000300,0001,510,00075,500151,00020,536,0001,736,5000.0

IVKitchen825,530,0001(Head Chef)13,500,00010,000300,00020,000600,0004,400,000220,000440,00059,840,0005,060,0005,060,0002(Sous Chef)12,500,00010,000300,00020,000600,0003,400,000170,000340,00046,240,0003,910,0003,910,0003Chef (Commis)32,000,00010,000300,00020,000600,0002,900,000145,000290,00039,440,0003,335,00010,005,0004Helper01,000,0007,000210,00010,000300,0001,510,00075,500151,00020,536,0001,736,5000.04Dishwasher & Cleaning31,000,00010,000300,00020,000600,0001,900,00095,000190,00025,840,0002,185,0006,555,0006Cleaning Service01,000,0007,000210,00010,000300,0001,510,00075,500151,00020,536,0001,736,5000.0

IVCoworking Staff39,315,0001Administration31,800,00010,000300,00020,000600,0002,700,000135,000270,00036,720,0003,105,0009,315,000

IVSupport39,315,0001Keamanan31,800,00010,000300,00020,000600,0002,700,000135,000270,00036,720,0003,105,0009,315,0001Security02,000,0007,000210,00010,000300,0002,510,000125,500251,00034,136,0002,886,5000.0301,305,600,000115,287,500

CAPEX SUMMARYH - GUNAWARMAN 41FINANCIAL PROJECTIONART CO&CO PROJECTSUMMARY OF CAPITAL AND OPERATIONAL EXPENDITURES

No.DescriptionBudgetActualDown PaymentSisa PembayaranTotal Cost

ICAPITAL EXPENDITURE3,489,254,7500.0

1RENOVATION & INTERIOR692,000,0000.0ACIVIL WORKS & RENOVATION46,000,000BELECTRICAL EQUIPMENT AND INF.TECH131,000,000CFURNITURE425,000,000DDECORATION60,000,000ELIGHTING10,000,000FSOUND20,000,000

2KITCHENAMETA KITCHEN108,900,000550,738,500BKITCHEN EQUIPMENT56,403,500CCOFFEE EQUIPMENT221,035,000DCHINA WARE48,900,000EBARISTA EQUIPMENT15,500,000FFIRST INVENTORY100,000,000

3IT61,000,00061,000,000

4LICENCES32,000,00032,000,000

5BUILDING RENTAL1,600,000,0001,600,000,000

6PRE-OP BUDGET553,516,250553,516,250

7Allowance410,745,2503,900,000,000

IIINTEREST EXPENSES / Year10%133,573,850

Capex3,900,000,0003,900,000,000

5 YEARS DEPRECIATION30,346,298.33/ MonthCUT LOSS60%0.91RENOVATION & INTERIORACIVIL WORKS & RENOVATION27,600,000.00BELECTRICAL EQUIPMENT AND INF.TECH78,600,000.00CFURNITURE255,000,000.00DDECORATIONELIGHTINGFSOUND

2KITCHENAMETA KITCHEN65,340,000.00BKITCHEN UTENSILS33,842,100.00CCOFFEE EQUIPMENT29,340,000.00DCHINA WARE9,300,000.00EBARISTA EQUIPMENT60,000,000.00

3IT61,000,000.00

4LICENCES19,200,000.00

5BUILDING RENTAL1,440,000,000.00

2,079,222,1001,335,738,500

11,131,154/ Month

140,457,500.00OPEX11,131,154.17Interest Expense30,346,298.33Depreciation

181,934,952.50TOTAL OPEX

Renovation & InteriorART CO&CO PROJECTFINANCIAL PROJECTION

RENOVATION AND INTERIOR CAPEX

No.DescriptionQtyUnit CostCostTotal Cost

IELECTRICAL EQUIPMENT131,000,0001Air Conditioner55,000,00025,000,0002Cabling, paneling, stop con30500,00015,000,0003Water Treatment115,000,00015,000,0004Exhaust in Resto45,000,00020,000,0005Exhaust in Kitchen125,000,00025,000,0006Telephone fax / PABX12,000,0002,000,0007Fire Extinctguiser 33,000,0009,000,0008Stabilizer120,000,00020,000,000

IICIVIL WORKS & RENOVATION46,000,0001Kitchen (m2)30500,00015,000,0002Service Area (m2)75200,00015,000,0003Barista Bar82,000,00016,000,000

IIIFURNITURE EQUIPMENT425,000,0001All Tables and Chairs1350,000,000350,000,0002Buffet175,000,00075,000,000

IVDECORATION60,000,0001Tekstil025,000,0000.02Greenery050,000,0000.03Wall Dcor025,000,0000.04Mirrors015,000,0000.05Misc. Accessories015,000,0000.06Furniture Finishing010,000,0000.07Puff010,000,0000.08Table Dcor015,000,0000.09Vinyls010,000,0000.010Wall Finishing035,000,0000.0110

VLIGHTING10,000,0001Lighting Package (Bierkko)0250,000,0000.0

VISOUND20,000,0001Sound120,000,00020,000,000

Total692,000,000

ITART CO&CO PROJECTFINANCIAL PROJECTION

IT EXPENDITURES

No.DescriptionQtyUnit CostCostTotal CostCashier45,000,0001POS & WMS 16,000,0006,000,0002Hardware 120,000,00020,000,0003Jaringan 11,000,0001,000,0004Instalasi Jaringan 16,000,0006,000,0005Server 112,000,00012,000,000Support16,000,0006CCTV (8) 81,000,0008,000,0007Instalasi CCTV 14,000,0004,000,0008Hosting & Domain 12,000,0002,000,0009Website & Email 10.00.010Attendance Fingerprint 12,000,0002,000,000

TOTAL 61,000,000

KitchenART CO&CO PROJECTFINANCIAL PROJECTION

CAPEX - KITCHEN BAR EQUIPMENTS

No.DescriptionQtyUnit CostCostTotal Cost

IMETA KITCHEN108,900,000

1SS. Exhaust hood w/filter + lamp112,300,00012,300,0002SS. Up right freezer 4 door112,500,00012,500,0003SS. Up right Chillerr 4 door111,500,00011,500,0004SS. Ice maker + ice bin013,900,0000.054 Burner w/oven09,800,0000.06SS. Flat Gril17,300,0007,300,0007SS. Gril garis garis19,500,0009,500,0008SS. Deep fryer 2 busket17,300,0007,300,0009SS. Meat slicer05,800,0000.010SS. Wall shelf11,200,0001,200,00011SS. 6 Tier rack solid14,100,0004,100,00012SS. Work table w/middle14,600,0004,600,00013SS. Work table w/under shelf23,700,0007,400,00014SS. Trolley for food service 3 susun12,800,0002,800,00015SS. Double sink lbg kanan tanpa kran13,800,0003,800,00016SS. Greasetrap11,100,0001,100,00017SS. Single sink tanpa kran12,400,0002,400,00018SS. Greasetrap01,100,0000.0191 lot ducting17,800,0007,800,00020hangger & support11,700,0001,700,00021Axial drum fan 20''15,800,0005,800,00022Final Connection15,800,0005,800,000

IIKITCHEN UTENSILS56,403,500

1Vegetable Slicer11,975,0001,975,0002Food Processor21,200,0002,400,0003Instalasi gas18,000,0008,000,0004Chefs Knife5500,0002,500,0005Paring Knife530,000150,0006Bread Knife289,000178,0007Boning Knife274,000148,0008Meat Cleaver280,000160,0009Peeler329,00087,00010Carving Knife230,00060,00011Cutting Board (M)3215,000645,00012Cutting Board (L)3325,000975,00013Wooden Spatula812,00096,00014Steel Spatula4188,000752,00015Silicon Spatula475,000300,00016Small Ladel (80cc)358,000174,00017Medium Ladel (150cc)468,000272,00018Large Ladel (360cc)296,000192,00019Steel Horn2169,000338,00020BatuAsah240,00080,00021Medium Tong568,000340,00022Large Tong288,000176,00023Balloon Whisk380,000240,00024Wok Spatula1113,000113,00025Small Strainer323,00069,00026Medium Strainer336,000108,00027Large Strainer250,000100,00028Wok Ladel290,000180,00029Grill Cleaner238,00076,00030Measuring Cup Set2109,000218,00031Measuring Spoon Set253,000106,00032Measuring Jug (500mL)212,00024,00033Measuring Jug (1000mL)220,00040,00034Measuring Jug (2000mL)135,00035,00035XL Steel Bowl (40cm)3206,000618,00036L Steel Bowl (30cm)364,000192,00037M Steel Bowl (22cm)335,000105,00038S Steel Bowl (14cm)312,00036,00039Stock Pot21,425,0002,850,00040Sauce Pot2325,000650,00041Sautee Pan Medium2265,000530,00042Sautee Pan Large1327,000327,00043Wok2295,000590,00044Scissor268,000136,00045Medium Funnel224,00048,00046Large Funnel235,00070,00047Colander2106,000212,00048Spider Strainer231,00062,00049Fish Lifter230,00060,00050Stainless Container (S)548,000240,00051Stainless Container (M)5106,000530,00052Stainless Container (L)5186,000930,00053Lemon Squeezer116,00016,00054Cheese Grater170,00070,00055Ice Cream Scoop2125,000250,00056Egg Slicer151,00051,00057Meat Thermometer1208,000208,00058Cooling Wire2135,000270,00059Can Opener266,000132,00060Corkscrew1108,000108,00061Pourer440,000160,00062Medium Squeeze Bottle338,000114,00063Microwave12,095,0002,095,00064Blender2600,0001,200,00065Kitchen Towel1521,000315,00066Large Bucket1158,000158,00067Medium Bucket2116,000232,00068Large Serving Spoon540,000200,00069Large Serving Spoon Bolong2540,000200,00070Tarikan Air Kecil143,00043,000Sapu240,00080,00071Ladel Wok140,00040,000Pel166,00066,00072Scale (30kg)1455,000455,000Pengki123,00023,00073Digital Scale2796,0001,592,000Serokan Air1106,000106,00074Electric Lime Squeezer1501,000501,000TempatSampahBesar (120 L)2725,0001,450,00075Tatakan Wet Dish4118,000472,000TempatSampahBesar (120 L)2725,0001,450,00076Hammer199,00099,00077Brush248,00096,00078Bell150,00050,00079Pressure Cooker1836,000836,00080Chiller kecil display kecil 1 door22,500,0005,000,00081Shaker 1289,500179,00082Shaker 2279,500159,00083Shaker 3269,500139,00084Bar Spoon L335,500106,50085Bar Spoon S325,50076,50086Ice Scoop260,000120,00087Ice Pick257,500115,00088Muddler Besi / Kayu460,000240,00089Spout All Size + Variation4040,0001,600,00090Juicer1915,000915,00091Spill Mat8327,5002,620,00092spill mat8131,5001,052,00093Orange/Lime Squeezer2500,5001,001,00094Metal Straw365,500196,50095Ice Strainer455,500222,00096Juice Bottle1097,500975,00097Bottle Opener640,000240,00098Corkscrew4107,500430,00099Glass Rock2117,500235,000100Garnish Box3425,5001,276,500101Bell149,50049,500

IIICOFFEE EQUIPMENT221,035,0001Espresso Machine1150,000,000150,000,000

2Hario V605100,000500,0003Syphon5500,0002,500,0004Moka Pot5660,0003,300,0005French Press30100,0003,000,0006Aero Press5590,0002,950,0007Chemex5650,0003,250,0008Japanese Cold Drip13,500,0003,500,0009Kalita Wave5880,0004,400,000

10Scale4790,0003,160,00011Milk Jug3180,000540,00012Tamping Mat1350,000350,00013Grinder215,000,00030,000,00014Termometer375,000225,00015Kettel3750,0002,250,00016Kompor Listrik21,500,0003,000,00017Grinder Single Origin15,000,0005,000,00018Shot Glass440,000160,00019Coffee Spoon1020,000200,00020Shaker3100,000300,00021Cream Whipper3600,0001,800,00022Hario Agatin Stik1020,000200,00023Digital timer3150,000450,000

IVCHINA WARE48,900,0001wood plate m&b8070,0005,600,0002wood plate grills10070,0007,000,0003wood plate roots8070,0005,600,0003cramic bowl8060,0004,800,0004cramic saucer / dessert plate15030,0004,500,0005sendok2007,0001,400,0006garpu2007,0001,400,0007pisau steak508,000400,0008sendok kecil/dessert2007,0001,400,0009garpu kecil / dessert2007,0001,400,00010sendok soup2007,0001,400,00011fries basket06,000012panacota glass010,000013coffe/tea glass cramic30035,00010,500,00014highball besi020,000015highball plastic025,000016highball glass035,000018milkshake glass/iced tea glass10035,0003,500,000

VBARISTA EQUIPMENT15,500,0001Table cabinet (3)23,500,0007,000,0002Washing tables15,000,0005,000,0003Under Counter Chiller23,500,0003,500,000VIFIRST INVENTORY100,000,0001Food 12Drink1

Total550,738,500

LicensesART CO&CO PROJECTFINANCIAL PROJECTION

LICENCES

No.DescriptionCost

1Legalitas Perusahaan14,000,000Akte PT + SK Menteri5,000,000Domisili Perusahaan dan Kantor1,500,000NPWP PT1,500,000Tanda Daftar Perusahaan (TDP)2,500,000Surat Izin Usaha Perdagangan (SIUP)3,500,0002Perizinan Operasional Restauran13,000,000Izin Undang-Undang Gangguan3,000,000Izin Tetap Usaha Pariwisata5,000,000Surat Izin Koordinasi Lingkungan Sekitar5,000,0003Notaris5,000,000

TOTAL32,000,000

sumber :www.legal4ukm.com

Rent ExpenseART CO&CO PROJECTFINANCIAL PROJECTION

RENT EXPENSENo.DescriptionQtyUnit CostCostTotal Cost

IRENT EXPENSERent (yearly)2466,666,6671,600,000,000TOTAL 1,600,000,000No.DescriptionQtyUnit CostCostTotal Cost

IRENT EXPENSERent (yearly)1270,000,000840,000,000TOTAL 840,000,000

Pre-Op BudgART CO&CO PROJECTFINANCIAL PROJECTION

Pre Operational BudgetNo.DescriptionQtyUnit CostCostTotal Cost

1Marketing Consultant110,000,00010,000,0002Management Start Up224,000,00048,000,0003Set Up MenuHead Barista13,000,0003,000,000Head Chef13,500,0003,500,000raw materials10,000,0004Pre Opening TrainingTraining Staff57,643,7505Opex 3 Months3140,457,500421,372,500

TOTAL 553,516,250

Sheet2sit10010Biaya Furniture181,750,000Meja 220x1,000,000=20,000,000Meja 410x2,000,000=20,000,000Meja Sofa pendek10x1,200,000=12,000,000Meja Sofa panjang10x2,000,000=20,000,000Communal Table1x20,000,000=20,000,000Bangku Kayu 120x750,000=15,000,000Bangku Kayu 230x750,000=22,500,000Bangku Kayu Sofa35x850,000=29,750,000Sofa 15x1,500,000=7,500,000Sofa 25x3,000,000=15,000,000

Documents

Co&Co Financial Projection Best Case Scenario