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Food, drink and fibre processing

Fertiliser manufacturer financial model, built free.

A three-statement Excel model for a fertiliser and ammonia manufacturer, built from your own figures and checked to balance.

  • Free account
  • No card
  • Usually ready within the hour

We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more

The business

Makes ammonia, urea, ammonium nitrate and phosphate fertilisers from natural gas and rock phosphate, selling at import-parity prices to distributors and farmers and explosives-grade product to miners, with gas cost, plant reliability and world fertiliser prices setting margins.

See the sampleHow the model works

In short

  • 01

    Three linked statements

    Income statement, balance sheet and cash flow, linked in every period.

  • 02

    Valued two ways

    Discounted cash flow and trading multiples, side by side.

  • 03

    Monthly to annual

    Monthly, quarterly, half-yearly or annual periods, for up to 30 years.

  • 04

    Checked every period

    A Checks sheet shows the balance sheet balances and the cash reconciles.

The sample

The sample, as Excel draws it.

Built by the same system and checks as yours, on illustrative figures: every sheet as Excel draws it, or live.

Annual · 10 years · Low detail
Fertiliser manufacturer sample model.xlsx
The Summary sheet of the sample fertiliser manufacturer model

Illustrative figures: the sample describes no real business. The live preview shows values; your model’s Excel file has every formula.

How it works

How the model works for a fertiliser manufacturer.

  1. How it earns revenue3 formulas
    Product pricing and plant revenue · All plants
    Import parity priceLanded price in model currencyImport dutyPort and delivery costs
    Product pricing and plant revenue · All plants
    Plant sales revenueProductionfrom capacity and productionRealised price per unit
    Product pricing and plant revenue · All plants
    Realised price per unitImport parity priceDiscount to import parityProduct mix and service premium
  2. What drives its costs3 formulas
    Direct labour · All plants
    Direct labourFixed labourVariable labour (production × cost per unit)
    Maintenance · All plants
    Maintenance costFixed maintenanceVariable maintenance (production × cost per unit)
    Energy and carbon · All plants
    Energy used (GJ)Electricity usedGas or fuel used
  3. What it invests in3 formulas
    Plant capex and depreciation · All plants
    Plant capital expenditureSustaining capexGrowth capex
    Plant capex and depreciation · All plants
    Plant depreciationDepreciation of existing assetsDepreciation of sustaining additionsProject 1 depreciation (from commissioning)from from commissioningProject 2 depreciation (from commissioning)from from commissioningProject 3 depreciation (from commissioning)from from commissioning
    Plant capex and depreciation · All plants
    Closing net book valueOpening net book valuePlant capital expenditurePlant depreciation
  4. How it is funded3 formulas
    Debt
    RepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweep
    Debt
    Closing balanceOpening balanceDrawdownsRepayments
    Debt
    Interest expenseOpening balanceAll-in interest rateshare of the year
  5. How profit becomes cash3 formulas
    Working capital
    Trade receivablesRevenuefrom statementsDebtor daysDays in period
    Working capital
    InventoryDirect costs (positive)from statementsInventory daysDays in period
    Working capital
    Trade payablesCash operating costs (positive)from statementsCreditor daysDays in period
What it covers

29 parts, each one tested.

Every part is a tested building block with its own checks: yours is put together from the ones your business needs.

  • CPI forecastConsensus curve with long-run anchor
  • Exchange rate (US dollar)Exchange rate by financial year
  • Operating expensesHeadcount build by function
  • Corporate costsFixed cost base indexed to CPI
  • Working capitalFull working capital
  • Income taxCorporate rate with tax losses
  • DebtAmortising term loan
  • Dividends and distributionsPayout of net profit
  • Discounted cash flow valuationDCF on free cash flow to the firm
  • Multiples valuationEV / EBITDA multiple
  • Seasonal conditions and climate riskSeason type by yearA season factor that scales yields, carrying capacity, receivals, input demand (or, for ski resorts, snow and skier visits) for drought, average and good years.
  • Interest-rate hedgingHedged share at a fixed rate
  • Key-metric summaryLast-twelve-month and run-rate metrics
  • Covenant tests and headroomLVR, gearing and ICR for property
  • Debt sizing and sculptingLower of DSCR capacity and maximum gearing
  • Case selectionStackable stress toggles
  • Discount rate (WACC)CAPM at target gearing
  • Cash flow available for debt service (CFADS)From free cash flow to the firm
  • Project timeline and phasesKey dates and durations
  • Senior project debtSculpted repayment
  • Tax depreciationTax life equal to book life
  • Construction funding and drawdownPro rata at the target gearing
  • Capacity and productionOperating days × daily rate
  • Direct labourFixed plus variable labour
  • MaintenanceFixed plus cost per unit
  • Plant capex and depreciationSustaining capex plus growth projects
  • Energy and carbonEnergy intensity × price
  • Feedstock and raw materialsConsumption rate × input price
  • Product pricing and plant revenueBenchmark or import-parity price
Key numbers

The numbers it tracks.

  1. 01tonnes produced
  2. 02plant uptime
  3. 03gas cost per tonne
  4. 04urea and DAP prices
  5. 05margin per tonne
  6. 06EBIT
Used for

What it is used for.

Also used for
  • Scenarios and sensitivities
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Looking for a fertiliser manufacturer financial model template? Ours arrives built for your business, with your figures in it.

See a finished model, sheet by sheet

The sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.