How to Calculate Acquistion of business for both the 1st above and 2nd below

Project summary - Acquisition of a fully integrated wine business based in China. Estimated investment: $35m Current performance issues: - Vineyard yields are below Industry standard Impacting costs and grape avaliability. Achieving improvements will require some additional early expenditure, Distribution network throughout China lacks integration and cohesiveness with contracts with many different logistics organisations. This has added costs and restricted the capacity to meet customers' needs. While the protocols of winemaking are considered to be around the industry standard, there is a view that there are sth operational improvements to be made, particularly for a winery focused on a high-end strategy This will require some additional expenditure at the outset. Issues for consideration The location we are looking at has experienced harsh climate conditions and some issues with access to sufficient water, though these are thought to be manageable over the longer term. - There are some concems about the need to further develop the employees at the vineyards and Winery processing plant to drive planned improvements. 25 Acquisition of a fully integrated wine company in China ya herroject 2017 AL 2018 2019 2020 Alone 2021 Home Page 10 2026 2022 AD KO 2022 ALD 2025 KOT 2023 A. 2024 ALDA TOT 21 0027 22 operatione cost of wood COCA) cost of Vineyo wimbing Tal cos 3.641 TT LETY 11.1 11.08 147 1 DI (1.1201 13 21 2514 LOX (154) ILK 2011 1. (14101 L310 12.220 Ben (1.526 10 28 (ES 10 1526 I 10 10 SEY Tott 6.00 2 13 119 11 1533 1434 1999 1473 15 H so low 1650 B 01.22 ws tool osi soul 1445 SO 100 1-5401 [4751 1927 SO 10 117 50 15701 14 5500 20 11,067 100 10 2.400 local Tov TI boet 02.93 TISCO 291 M 100 SON Il 0 UN los e fo 0 o MON 204 w 130 00 operating 11 14 marketing Sales and 15 depreciate 16 the where talents puting Income to that depreciation fotoperinge Investments bus Porty plan restart mination mfcw from 30 levant cash flow from peringater relevant cash flow from investing is 554 193 10 1200 JL 2,199 SO 104 13 L. 4339 650 60 60 311 7:03 US ION OCE 1093 13 G O 0 0 . LE El EN TATT 109 WE 0 WNUMI 362 THE 1. PT SUT ETAN Project summary Acquisition of a portfolio of luxury resorts. Estimated investment: $36m Background: - Up until now, our divisional focus has been on hotels. We have a portfolio of hotels in major capital cities throughout Australia and South East Asia but we need to expand. I propose we diversify, both geographically and with our product offerings to include luxury resorts. Of course there will be snergies across the group, but with these proposed resorts, we will have entre into other parts of the globe and offer better services around corporate events, weddings etc. Resort 1 - Philippines ($14.5 million AUD purchase price including start-up costs) Resort 2 - Brazil ($13.5 million AUD purchase price including start-up costs) - private island - Resort 3 - Caribbean ($8 million AUD purchase price including start-up costs) G Investment in a portfolio of luxury holiday resorts and hotels vestno lendar year Home Page 2017 AL 2021 2018 ADA 6TOZ ON 2020 ALL 2022 ALDA 2023 Al 2026 2024 ALD 2025 . 2027 AL paration KE SI 140 640 661 7520 TY 1211 7 . TRE TH 12.31 1401 1011 RAD 1.759 12:41 PA DAI MIN GER 12:22 123 6430 (2 (2.5 114 30 11 32.100 12.00 11.15 190 SES 1.457 Bold COCA labour TOES gross operating is marketing and dimon depreciation wherhed 1991 13 1 14 14 11 (LL (165 11.00 140 1453 11. 02 14101 999) ( 1992) 100 140 10 1940 1400) ILO 1300 IL05 480 111) 14021 11.40 14801 11.2001 (14 11.40 40 11.40 bel 11.00 ET atlering 12.550 11 1264 20 144 19 575 16 Art 1 1201 2.41 30N LOW bril LEE TIT 721 4714 500 LES w Income oftet direction er for cash flows from rege investment 4.114 113 200 2433 2012 1.700 4 2.1) RIE Tos CHE ON 401 450 BRD 53 OS CE 40 40 LIN 480 L. 772 1.155 2.712 10 5.333 property beste 0 o 0 TE DO 19 0 11 howrogie P3 VES LI IZ 2.722 ONCE La Du D TUS 1 latach from operwings relevanth were investigate relevant cash flow 0 0 L 0 17 M 0 2.1 0 20 NUMI . I 2.222 4.SE Project summary - Acquisition of a fully integrated wine business based in China. Estimated investment: $35m Current performance issues: - Vineyard yields are below Industry standard Impacting costs and grape avaliability. Achieving improvements will require some additional early expenditure, Distribution network throughout China lacks integration and cohesiveness with contracts with many different logistics organisations. This has added costs and restricted the capacity to meet customers' needs. While the protocols of winemaking are considered to be around the industry standard, there is a view that there are sth operational improvements to be made, particularly for a winery focused on a high-end strategy This will require some additional expenditure at the outset. Issues for consideration The location we are looking at has experienced harsh climate conditions and some issues with access to sufficient water, though these are thought to be manageable over the longer term. - There are some concems about the need to further develop the employees at the vineyards and Winery processing plant to drive planned improvements. 25 Acquisition of a fully integrated wine company in China ya herroject 2017 AL 2018 2019 2020 Alone 2021 Home Page 10 2026 2022 AD KO 2022 ALD 2025 KOT 2023 A. 2024 ALDA TOT 21 0027 22 operatione cost of wood COCA) cost of Vineyo wimbing Tal cos 3.641 TT LETY 11.1 11.08 147 1 DI (1.1201 13 21 2514 LOX (154) ILK 2011 1. (14101 L310 12.220 Ben (1.526 10 28 (ES 10 1526 I 10 10 SEY Tott 6.00 2 13 119 11 1533 1434 1999 1473 15 H so low 1650 B 01.22 ws tool osi soul 1445 SO 100 1-5401 [4751 1927 SO 10 117 50 15701 14 5500 20 11,067 100 10 2.400 local Tov TI boet 02.93 TISCO 291 M 100 SON Il 0 UN los e fo 0 o MON 204 w 130 00 operating 11 14 marketing Sales and 15 depreciate 16 the where talents puting Income to that depreciation fotoperinge Investments bus Porty plan restart mination mfcw from 30 levant cash flow from peringater relevant cash flow from investing is 554 193 10 1200 JL 2,199 SO 104 13 L. 4339 650 60 60 311 7:03 US ION OCE 1093 13 G O 0 0 . LE El EN TATT 109 WE 0 WNUMI 362 THE 1. PT SUT ETAN Project summary Acquisition of a portfolio of luxury resorts. Estimated investment: $36m Background: - Up until now, our divisional focus has been on hotels. We have a portfolio of hotels in major capital cities throughout Australia and South East Asia but we need to expand. I propose we diversify, both geographically and with our product offerings to include luxury resorts. Of course there will be snergies across the group, but with these proposed resorts, we will have entre into other parts of the globe and offer better services around corporate events, weddings etc. Resort 1 - Philippines ($14.5 million AUD purchase price including start-up costs) Resort 2 - Brazil ($13.5 million AUD purchase price including start-up costs) - private island - Resort 3 - Caribbean ($8 million AUD purchase price including start-up costs) G Investment in a portfolio of luxury holiday resorts and hotels vestno lendar year Home Page 2017 AL 2021 2018 ADA 6TOZ ON 2020 ALL 2022 ALDA 2023 Al 2026 2024 ALD 2025 . 2027 AL paration KE SI 140 640 661 7520 TY 1211 7 . TRE TH 12.31 1401 1011 RAD 1.759 12:41 PA DAI MIN GER 12:22 123 6430 (2 (2.5 114 30 11 32.100 12.00 11.15 190 SES 1.457 Bold COCA labour TOES gross operating is marketing and dimon depreciation wherhed 1991 13 1 14 14 11 (LL (165 11.00 140 1453 11. 02 14101 999) ( 1992) 100 140 10 1940 1400) ILO 1300 IL05 480 111) 14021 11.40 14801 11.2001 (14 11.40 40 11.40 bel 11.00 ET atlering 12.550 11 1264 20 144 19 575 16 Art 1 1201 2.41 30N LOW bril LEE TIT 721 4714 500 LES w Income oftet direction er for cash flows from rege investment 4.114 113 200 2433 2012 1.700 4 2.1) RIE Tos CHE ON 401 450 BRD 53 OS CE 40 40 LIN 480 L. 772 1.155 2.712 10 5.333 property beste 0 o 0 TE DO 19 0 11 howrogie P3 VES LI IZ 2.722 ONCE La Du D TUS 1 latach from operwings relevanth were investigate relevant cash flow 0 0 L 0 17 M 0 2.1 0 20 NUMI . I 2.222 4.SE