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automatic car parking investment

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rather outdated (interms of costs) analysis on car parking investment for city of Istanbul

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automatic car parking investment

  1. 1. PARKMATIC COMPANY 2007 Automatic Car Parking System Investment Opportunity and Analysis Mehmet Cetin CONFIDENTIAL
  2. 2. 2 Car Parking System | Parkmatic Company Table of Contents Executive Summary ....................................................................................................................................... 4 Background ................................................................................................................................................... 5 The Problem .............................................................................................................................................. 5 The Solution .............................................................................................................................................. 6 Benefits and Advantages .............................................................................................................................. 8 Smaller Space Requirements .................................................................................................................... 8 Lower Construction Costs ......................................................................................................................... 8 Building Maintenance ............................................................................................................................... 8 Automated Traffic Guidance for Access and Departure ........................................................................... 8 Greater Security ........................................................................................................................................ 8 Integration ................................................................................................................................................ 8 Design Flexibility ....................................................................................................................................... 9 Investment ................................................................................................................................................ 9 Summary ................................................................................................................................................... 9 How the System Operates .......................................................................................................................... 10 Backup in Case of a Problem ................................................................................................................... 11 Comparison between Different Automatic Parking Systems ..................................................................... 11 Build & Operate; Operate & Transfer ......................................................................................................... 12 Construction Costs, Timing and Some of the Challenges ....................................................................... 12 Operational Costs and Considerations ................................................................................................... 12 Municipality Rules, Regulations and Expected Costs .............................................................................. 13 Costs by Numbers ................................................................................................................................... 13 Revenue, Profit and Financial Outlook ....................................................................................................... 14 Major Assumptions ................................................................................................................................. 14 Exit Strategy ............................................................................................................................................ 14 A Look at Potential Value Added Business ............................................................................................. 15 Financial Data .......................................................................................................................................... 17 Initial Investment Cost ........................................................................................................................ 17 Weighted Average Cost of Capital ...................................................................................................... 18 NPV and IRR Summary ........................................................................................................................ 18
  3. 3. 3 Car Parking System | Parkmatic Company Turnaround ......................................................................................................................................... 19 Return Rate ......................................................................................................................................... 20 Financial Scenarios .................................................................................................................................. 21 Revenue and Cost Summary based on Different Scenarios ................................................................ 21 Dashboard ........................................................................................................................................... 22 Scenario 1 ............................................................................................................................................ 23 Scenario 2 ............................................................................................................................................ 24 Scenario 3 ............................................................................................................................................ 25 Scenario 4 ............................................................................................................................................ 26 Scenario 5 ............................................................................................................................................ 27 Scenario 6 ............................................................................................................................................ 28 Scenario 7 ............................................................................................................................................ 29 Scenario 8 ............................................................................................................................................ 30 Scenario 9 ............................................................................................................................................ 31 Scenario 10 .......................................................................................................................................... 32 Scenario 11 .......................................................................................................................................... 33 Scenario 12 .......................................................................................................................................... 34 Scenario 13 .......................................................................................................................................... 35 Scenario 14 .......................................................................................................................................... 36 Scenario 15 .......................................................................................................................................... 37 Appendixes .................................................................................................................................................. 40
  4. 4. 4 Car Parking System | Parkmatic Company Executive Summary Traffic and parking are two biggest issues every metropolitan faces today and Istanbul is no exception. This is a fact that every driver living in Istanbul is very familiar with. Parking violations such as double parking, parking on restricted areas in return contribute to traffic further. Turkey has an estimated population of 70 million. 20 percent of this population lives in Istanbul which is roughly 14 million people. And it is estimated that 4 million vehicles are in traffic every day in Istanbul. Availability of land to build car parks around congested areas is very scarce; costs associated are very high and due to current demand for business and residential developments in such areas, Istanbul municipality has build and operate incentive program for car park facilities throughout the city. Due to many constraints, locations where conventional car parks can be developed are limited even when these parks are underground. On the other hand automated car parks provide many benefits over conventional parking systems. Capability to open small to medium sized car parks strategically located throughout the city of Istanbul where high utilization rates can be realized is possible via underground automated parking systems. Minimal above and below ground requirements make automated car park system to be built in places conventional car parks cannot be. Park silos that are capable holding 50, 75 and 100 cars will be constructed in high demand locations. If more capacity is demanded in the same location more silos can be built – paving a road to invest as you go. Contrary to expectation overall construction costs are lower than construction of similar structures above ground. Timeframe for construction is expected to be 3 to 6 months depending on location’s environmental status. Overall investment funding is structured as for the initial investment for the first 2 to 3 parks are made via direct investment from seed capital. Financing necessary to build more parks will be through bank loans. Turnaround time averaging at 2 to 4 years and return of investment around 40% makes it an attractive investment especially when the low risk nature of the investment is considered. 30 year lease terms by Istanbul municipality allow long period revenue period; short development times; 4 to 6 months enable start to realize revenue in short amount of time. Overall data points out the opportunity to invest in development and operation of strategically located automated car parks present low risk and healthy revenue. Low operational costs and labor requirements ease and quicken business expansion; enable pursuing multi city and multi country expansion opportunity.
  5. 5. 5 Car Parking System | Parkmatic Company Background The Problem It is an eternally frustrating way to pass 15 minutes or half an hour: circling the block, looking for a parking place. Or you could sit in line to get into a multistory garage and, once inside, wind your way up and up and up, ramp by ramp, before driving slowly past ranks of parked cars, searching for a space, any space… Like most metropolitans, Istanbul is no different; not only there is never ending traffic but also lack of parking spaces adds up to daily stress and frustration. As of 2007, around 4 million vehicles are in traffic daily1 in Istanbul, there are total of 1487 car parking lots with 135,247 lot capacity2. On the other hand, Istanbul needs approximately 800,000 car parking capacity2 in order to meet the daily parking demand. On one side availability of only a fraction of parking spaces is frustrating as a citizen; on the other this provides an investment opportunity. Though the solution seems to be a simple one; by building more car parking; the challenges do exists and are the main barriers for such developments not taking place. Availability of land to build car parks around congested areas is very scarce; even when such areas are available, costs associated with lands are very high due to demand for business and residential developments in those areas.
  6. 6. 6 Car Parking System | Parkmatic Company The Solution Current congested areas such as Tesvikiye, Mecidiyekoy, Levent, Taksim, Maslak, Kadikoy, Bagdat Caddesi , all have high demand for car park spaces especially if such areas are available close proximity to business and shopping areas. Open lands are almost nonexistent in these locations; purchasing land via building acquisition to build free standing car parks would yield low ROI due to commercial and residential development demand keeping land prices at premium in these locations. On the other hand, underground structures provide a remedy to high land prices and open possibilities to develop car parks in such high-in-demand areas. However, when the requirements such as below are considered:  Drive in and out ramps  Parking space between vehicles  Ceiling heights for vehicle owners  Ventilation for hazardous fumes  Lighting and security such an opportunity becomes available to only few places due to above ground requirements and even then unless rent fees for these locations are low, investment opportunity is not very attractive due to long turnaround times.
  7. 7. 7 Car Parking System | Parkmatic Company Fortunately fully automated car parking systems eliminate such requirements with added benefits such as security. Beside minimal above ground structure needs, providing almost 50% more park area for the same volume as conventional parking systems makes it suitable to construct in populated areas where demand for car parks are very high. Car parks built in these areas would yield high utilizations and premium parking fees to be charged – increasing overall investment return while decreasing initial investment turnaround. Due to small footprint requirements for automatic car parking systems, finding locations that are very close to or located at the most demanded areas are possible. Space requirement of 25 m2 and 52 m2 for above and below ground requirements respectively3 allow above ground section of the structure small enough to fit to car park pockets available in certain streets. Municipality’s Build&Operate and Operate&Transfer incentive programs allow maximum 30 year lease terms for development and operations of parking facilities for annual rental fees4. Lease terms can be renewed at the end of 30 year period that would allow realization of revenue streams beyond 30 years to be accounted for given such a structure’s expected life expectancy is somewhere between 40 – 60 years. 1 Based on data from ‘Motorlu Kara Taşıtları Aralık 2006’ and ‘Türkiye İstatistik Kurumu (TÜİK)’ 2 According to Istanbul Municipality information 3 50 car slot parking requirements and an additional 5 m2 area above ground is needed to place necessary switching, control and ticketing system; for 75 or more slots car parks underground footprint requirement would be higher while above ground requirements would stay same 4 Conventional underground parking facilities annual rental fees range from 30,000 to 80,000 YTL as municipal data
  8. 8. 8 Car Parking System | Parkmatic Company Benefits and Advantages Smaller Space Requirements Automated parking systems require up to 50% less space to handle the same number of vehicles compared to conventional, ramped parking facilities. These factors make automated parking garages a competitively priced, flexible alternative to conventional parking facilities. Lower Construction Costs While the conveying technology and equipment installation required for automated car parking units, may initially make the costs seem higher than conventional installations, it is important to point out that automated garages do not require many of the auxiliary systems that conventional garages require. For example ventilation systems, pedestrian elevators, emergency staircases and fire doors that are typical requirements for conventional garages, are not needed in automated garage installations. Keeping this in mind, construction costs for automated garages are comparable to the average costs for conventional parking buildings. The cost of real estate to build the facility may even be lower, since the space requirements are lower for a comparable size garage. Building Maintenance While automated parking facilities require considerably more electric power than their conventional counterparts, the management and maintenance aspects are much less labor intensive, resulting in cost savings overall. In addition, conveying technology eliminates the need to move cars manually through the parking structure, eliminating polluting vehicle exhaust emissions throughout the parking structure. Automated Traffic Guidance for Access and Departure Traffic guidance systems utilized by automated garages eliminate the need for drivers to back up their vehicles when driving to or from the retrieval station. All vehicle maneuvering tasks are performed by a computerized transfer station, improving safety for all drivers. Greater Security Conventional parking garages are typically associated with vehicle damage and decreased personal security. Robotic parking systems eliminate these problems by providing sophisticated transfer stations for entering and retrieving vehicles. Once vehicles are housed in the automated parking system, they are safe from damage, dents, theft and vandalism. In addition, transfer stations are located in well-lit, safe areas that are continually monitored by security cameras. This ensures customers feel safe and protected when dropping off or picking up their vehicle. Exposure to vehicle exhaust while waiting in lines is also avoided with automated systems. Integration Computer controlled parking systems offer the integration of additional services, such as parking space reservation systems, traffic control, carwash stations for parked vehicles and many more innovative service and support options.
  9. 9. 9 Car Parking System | Parkmatic Company Design Flexibility Conventional ramped parking facilities often offer an unfavorable appearance in urban surroundings. Automated parking systems, on the other hand, are constructed with a closed facade, allowing city planners and architects considerable flexibility in designing the shape and appearance of the finished parking facility with a considerable wow factor. Investment Automated parking systems often offer high returns on investment due to increased space utilization, convenience and less labor intensive maintenance. In fact automated parking facilities can be great investment opportunities from municipal authorities, parking corporations, property and business owners, as well as other investors. In addition to the overall advantages of automated parking in general, specific design criteria for our system enables us to avoid costs associated with certain automatic parking systems, very small footprint requirements for above and below ground enables it to be built in very narrow locations such as road side pockets and its simplicity provides fast car deposits and retrievals increasing customer satisfaction, utilization rate and therefore revenue. Summary  1/2 of conventional building volume (a cost savings)  1/3rd of the area for the same number of cars (a cost savings)  1/4th of the space (a cost savings)  1/5th of the construction time  Minimizes environmental impact because 80% of the surface circumference can be landscaped o Preserves historical centers, green spaces, courtyards, urban street and boulevard - no ramps or open cuts to degrade the visual environment  There are no toxic exhaust emissions inside the facility (meets ecological requirements)  Can be built in tight areas, near existing buildings  Precludes scratches and dents because vehicles are isolated from each other  Guarantees security and uninterrupted operations - featuring a 24-hour central control station o Facility is inaccessible to thieves, vandals, molesters or inclement weather (meets all safety requirements)  All parking spaces accommodate the handicapped  Problem resolution is simple and fast such in case the owner loses his ticket, the computer resolves the problem Being able to build automatic car parking systems locations where conventional car parks cannot be built – be able to provide what is needed where is needed – as well as lower operational costs make such an investment a win case. From driver point of view such systems have more benefits compare to conventional car park systems such as;  No accidental damage to vehicle  No possibility of theft even with doors unlocked
  10. 10. 10 Car Parking System | Parkmatic Company  Ease of getting in and out of a car  No looking for a parking spot  Self service and no chance of losing park location  Closer proximity  Faster drive in/out times How the System Operates Though there are alternative way how the system could be set up to work below is to provide an idea by describing one of the potential ways the system can operate. In below example it has been assumed that above ground area is a covered single car park area. In certain implementations with very limited above the ground land availability, initial parking and drive away sections can be in build without a cover. A car approaches one of the garage's entrances. An overhead door goes up, and the car drives onto a steel pallet. The driver gets out of the car, goes to the front of the garage and gets a ticket with a PIN code, like the ones people use at ATMs. Then the overhead door closes, and the driver walks away. Inside the garage, a computer- controlled system goes to work. A steel frame on wheels goes under the car's pallet. Motors lift the pallet up about 2 cm, and the pallet moves into a vast central atrium. The pallet is put on a carrier and then moved horizontally or down a few floors and horizontally again, depending on where the computer can find an empty slot. To get the car out, the driver puts in the coded ticket, punches in the PIN, pays the fare shown, and the car comes back the same way it left. Nobody touches the car, so there are no chances of dings, dents or outright demolition from careless attendants. And because the car is in its own isolated spot, there is no chance it will be stolen or broken into, and no chance you will be mugged on your way to a remote parking stall. In fact, the door can be left unlocked.
  11. 11. 11 Car Parking System | Parkmatic Company Backup in Case of a Problem The process of retrieving the car in an automatic system takes no more than about one and half minutes, even when several drivers are waiting. In case there is a glitch, there are a backup generator and two computers running in tandem. The garage also has an around-the-clock attendant who can run the system manually if necessary. `The technology is based on the automated transfer system in the car industry, moving half-finished cars back and forth from assembly point to assembly point and it is also widely used in automated warehouse technology, moving material and products around. Hence it is well proven technology and has relative implementations all around the world and in different segments. Comparison between Different Automatic Parking Systems Category Non pallet Pallet Our Envisioned Design Capacity Medium and large sized parking lot Small and medium sized parking lot Medium and large sized parking lot Delivery By robot (Trolley) By pallet By robot (Trolley) Parking lot Concrete or metal structure Metal structure Concrete or metal structure Speed avg.90 sec. / ea enter : 5 steps, exit : 6 steps avg.150 sec./ ea In case of flat circulation, enter and exit : 11 steps avg.60 sec. / ea enter : 3 steps, exit : 3 steps Control Computerizing / Programmed Computerizing / Programmed Computerizing / Programmed Driver convenience Get off in front of parking auto door Park on the lift and pallet Park on the lift Auto. control Possible Possible Possible Maintenance Easy by maintenance core machine Less easy by maintenance total structure Easy by maintenance core machine By combining simplicity of palette system with the speed and low operational costs of trolley system we are able to enhance customer experience by lowering retrieval times, maximizing utilization and increasing revenue while lowering costs.
  12. 12. 12 Car Parking System | Parkmatic Company Build & Operate; Operate & Transfer Construction Costs, Timing and Some of the Challenges Construction costs include shaft construction required resource and equipments rentals. Since every location could differ geologically, average constructions costs are taken into account. Below presented construction cost table does not take into account above ground structure if covered structure will be implemented for a given location. Electro mechanic infrastructure and steel construction material and assembly costs are presented as per car slot. There are limitations in terms of how many cars a lift can serve in a given structure. These limitations are based on serve time rather than capability. All designs and associated costs are based on single lift system. Manufacturer suggests no more than 100 cars should be served by a single lift. On average, the speed of lift is ~1m/s and maximum time to deposit and retrieval is expected to be less than or equal to 60 seconds once the driver initiate the task. This will allow car park with 100 slots to be fully filled or emptied in 90 minutes, greatly enhancing customer satisfaction and maximizing revenue. Approximate time to construct a 50m deep shaft capable of holding 100 cars (25 cars in each edge of a plus shaped structured and a lift positioned in the middle) is expected to be between 3 to 5 months depending on construction site access and geophysical conditions. Assembly of steel shelf structure is expected to be around 1 month. Total of 4 to 6 months is expected time frame for an operational car parking system. Operational Costs and Considerations Electricity costs are based on a more complex system hence expected to be lower than stated below. However, these costs’ impact on overall profitability is nominal and thus further detailed analysis on electrical usage has not been done. Maintenance costs include scheduled; both minor and major; services done by manufacturer authorized company. Major Service includes inspection of lift, the structure, electrical and mechanical systems. Though overall system is very reliable, details of average fix costs for main items such as lift will be further included in the risk buffer in overall costs. Additionally, MTBF and more importantly MTTR are not currently known in addition to spare part stock local distributor carries in case of major malfunction. There will be additional (these costs have been captured under ‘Other’ section in financial forecasting) costs such as insurance and personnel who may be located at each parking premise to assists customers and a small supervisor group made up of 1 or 2 persons to manage the personnel at the parking locations when more than one location is in operation. Depending on operational model and hours of operation; self service or human assisted; 12 hour day or 24 hours; 2 or more shift may be required and depending on such requirement, initially estimated costs could be higher; however, in case hours of operations are going to be longer, higher revenue would offset such additional costs. It is expected that self service model will be sufficient in most areas due to system’s ease of use but in any case additional personnel costs are already taken into account and made as part of the operational fixed cost.
  13. 13. 13 Car Parking System | Parkmatic Company Municipality Rules, Regulations and Expected Costs License fees include rental amounts that will be paid to municipality for the lease of the location; both above and underground sections for the duration of 30 years. Further the cost also includes all setup and processing fees for the construction of the facility – that is expected to be low given park facilities will not be used to accommodate drivers, passengers or employees. Current leasing rules for municipality selected park locations are via public tendering process. The winner is selected based on minimum rental time requirements and highest rental fee offering. However such tendered car park locations are pre determined locations by municipality; usually based on construction and operation of conventional car parking spaces even in cases where the location is for underground. Due to very small footprint requirements both for under and below ground for our envisioned car parks, it is assumed specific locations will be leased from municipality with or without public tendering process. Costs by Numbers Construction Costs Per lot electro mechanical and steel construction $10,800 Vendor Avg. Price Construction for 50 car slot $337,500 Rectangular Shaft Construction for 75 car slot $472,500 T Shaft Construction for 100 car slot $607,500 Plus Shaft Operational Costs Maintenance (annual) $135 Per lot Per vehicle electricity cost (in/out) $0.14 Per deposit/retrieval Municipality Rental Fee (annual) $81,000 Insurance (annual) $60,000 Other (annual) $32,400 Personnel and Misc. Expenses
  14. 14. 14 Car Parking System | Parkmatic Company Revenue, Profit and Financial Outlook In this section a set of assumptions based on time series cash flow streams have been made available in order to provide possible outcomes. Potential revenue outcome greatly depend on characteristics such as;  Operation times  Utilization rates depend on driver habits;  1 hr to 2 hrs parking durations can be expected in areas where governments and businesses are populated  3 hrs and more duration times can be expected where shopping and dining areas are located Below data and utilization statistics are based on average costs. Detailed analysis for each location and feasibility test for selected locations will provide better estimation of expected revenue streams. However, below data suggest overall turnaround of 2 – 4 years on investment before taxes and also points out ROI of 30% - 60%, given the low risk nature of the investment, such return rate is very attractive. Major Assumptions  Currency rates are set at €1= 1.70 YTL, $1 = 1.30 YTL and €1=$1.35  An annual rental fee will be paid to municipality. Historical data based on conventional underground parking systems suggests annual rental cost is between 60,000 YTL to 100,000 YTL. Rental amount have been accounted in ‘Operational Costs’ under financials section. Rental costs for our developments are expected to be less due to small aboveground footprints and lower total volume requirements compared to similar facilities  When estimated; monthly parking takes no more than 10% of overall space or forecasted to be an up sell opportunity via off peak hours parking only  Hourly parking fee is 5 YTL for the first hour and 2 YTL for 2nd hour and 1 YTL for each additional hour thereafter  Utilization is averaged at 80% to 90% for hourly parking, average car park duration varies between 2 to 4 hrs for 12 to 22 hrs per day and there are 257 to 360 days per year  Electricity cost is based on average vendor data .15 YTL per car (in/out) Exit Strategy Exit strategy is based on selling the business to potential investor after building and operating for a certain amount of time – 5 to 10 years. Possibility of transferring leasing rights to another entity has not been researched however, in case there is such a legal limitation, the company can be sold to potential investor avoiding any issues with rights’ transfer. At the time of transfer a market value will calculated based on a set of assumptions for the future outlook of business and parking space pricing trends as well as previous performance in order to reach an acceptable market value.
  15. 15. 15 Car Parking System | Parkmatic Company A Look at Potential Value Added Business In order to maximize revenue and profit, the main focus should be increasing utilization while decreasing duration of stay. Parking times are location specific and hard to influence due to its direct dependency on surrounding business requirements. Utilization increase – with the assumption of extra capacity availability – is an area further improvements can be done via implementation of value added services. Hence the main focus of this section is to look into ways to increase utilization in parking facilities via bundled internal and external service offerings. Though revenue that can be realized from offering such bundled services are negligible amounts, such potential revenues have also been mentioned assuming such low amounts could be pooled into a sizable amount when an economy of scale is reached. Value added services have been explored in 3 different ways:  Internal value added services such as SMS activated car retrieval  Utilization of 3rd party services such as valet services  Collaboration with different vendors to increase awareness and provide ease of use such as payment via mobile phones Main focus of exploring internal value added services are towards increasing utilization rates, simplifying and providing ease of use and enhancing drivers’ overall experience;  Offering lower parking rates for off peak hour parking  Monthly parking offerings when there is extra capacity to utilize or in order to utilize off peak hours parking  Bulk parking time purchase for customers and businesses  SMS activated car retrieval service to enhance customer experience and exit times  Online park status and reservation service for no surprises and lower frustration Differentiation services will provide increased utilization and may even allow higher rates to be charged. Since implementation of such add on services are rather trivial, the costs associated with them would be negligible. Utilization of valet service could be explored in two different ways:  A fixed number of spots for a fixed cost and time  Night operations  50% of space  Between 23.00 and 4.00  8 YTL per car rented out in advance. The service would be very similar to after hour’s residential parking offering with higher revenue yield. However, such potentials only exist in areas where night clubs and bars are located hence the applicability of this service is restricted to areas with specific requirements.  Alternative valet service
  16. 16. 16 Car Parking System | Parkmatic Company  Deploying the valet service and providing customers door to door car parking service. Outsourced to 3rd party valet service provider  Increase utilization  Additional revenue that is generated from valet services While car washing service seems to be another potential business, the time it requires – assuming close proximity service is a manual car wash facility – renders it as an attractive option if average park durations are 2 hours or less. As a future outlook, an auto car washing unit that can be integrated into automatic car parking system is being currently explored. Since such a service can be provided while cars are parked selected during parking process, it could be attractive for the consumers and additional revenue and differentiator for the parking facility. This option is currently being discussed with some of the manufacturers. Collaboration with different vendors is towards increasing awareness for the use of the facility to promote self service as well as ease of use the facility services. Collaboration with mobile operators and Istanbul municipality and integration of mobile payment and municipality sponsored ‘akbil’ – smart payment token – would simplify park payment process and allow indirect advertisement of parking facilities by these entities when they advertise their product and services. Overall revenue impact of additional services is expected to be minimal compared to mainstream business. At this moment we have not included potential revenue from value added services into main financial outlook or accounted them in financial forecasts.
  17. 17. 17 Car Parking System | Parkmatic Company Financial Data Initial Investment Cost For 100 Lot Car Park EURO USD YTL Mechanical €800,000.00 $1,080,000.00 1,360,000.00 YTL Construction €450,000.00 $607,500.00 765,000.00 YTL Soft Costs €22,500.00 $30,375.00 38,250.00 YTL TOTAL €1,272,500.00 $1,717,875.00 2,163,250.00 YTL For 75 Lot Car Park Mechanical €600,000.00 $810,000.00 1,020,000.00 YTL Construction €350,000.00 $472,500.00 595,000.00 YTL Soft Costs €17,500.00 $23,625.00 29,750.00 YTL TOTAL €967,500.00 $1,306,125.00 1,644,750.00 YTL 50 Lot Car Park Mechanical €400,000.00 $540,000.00 680,000.00 YTL Construction €250,000.00 $337,500.00 425,000.00 YTL Soft Costs €12,500.00 $16,875.00 21,250.00 YTL TOTAL €662,500.00 $894,375.00 1,126,250.00 YTL 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 For 100 Lot Car Park For 75 Lot Car Park 50 Lot Car Park
  18. 18. 18 Car Parking System | Parkmatic Company Weighted Average Cost of Capital Risk Free Rate (TR Eurobond) 8.00% Risk Premium (ISE) 6.00% Debt Interest Rate 11.00% Net Debt Cost 7.4% Tax 33% Capital/Debt ratio 25% WACC = 9.00% Note: Rates are based on USD NPV and IRR Summary NPV IRR 100 Lot Car Park $6,084,010 79% 75 Lot Car Park $4,449,437 75% 50 Lot Car Park $2,759,061 66% NPV for 50 Lot Size Year 1 2 to 30 Construction Cost $337,500 Park system Cost $540,000 Income $442,761 Operational Costs $50,029 Rent $50,000 Net Cash Flow ($534,768) $342,732 NPV for 75 Lot Size Year 1 2 to 30 Construction cost $472,500 Park system cost $810,000 Income $664,141 Operational Costs $128,515 Rent $66,500 Net Cash Flow ($813,375) $469,125 NPV for 100 Lot Size Year 1 2 to 30 Construction cost $607,500 Park system cost $1,080,000 Income $885,521 Operational Costs $158,548 Rent $88,445 Net Cash Flow ($1,048,972) $638,528
  19. 19. 19 Car Parking System | Parkmatic Company Turnaround Turnaround Years Scenario 100 75 50 1 1.9 2.7 4.5 2 2.6 3.6 6.1 3 1.4 1.9 3.1 4 2.9 4.1 7.1 5 2.5 3.6 6.1 6 0.8 1.1 1.8 7 2.0 2.7 4.5 8 1.8 2.5 4.1 9 2.9 4.2 7.2 10 2.5 3.6 6.1 11 3.1 4.4 7.8 12 2.9 4.1 7.1 13 2.7 3.8 6.6 14 3.6 5.2 9.4 15 3.1 4.4 7.8 Average 2.7 3.8 6.5 Turnaround years are based on random financial forecasts results of different scenarios based on operation times, utilizations and parking durations. Details about these scenarios can be found in ‘Financial Scenarios’ section. Note: Scenario 3 and 6 have been omitted due to unrealistic assumptions 0 2 4 6 8 10 0 2 4 6 8 10 12 14 16 100 Lot Car Park 75 Lot Car Park 50 Lot Car Park
  20. 20. 20 Car Parking System | Parkmatic Company Return Rate Return Rate Scenario 100 75 50 1 51% 49% 43% 2 39% 36% 31% 3 71% 68% 62% 4 35% 32% 27% 5 39% 37% 31% 6 119% 115% 108% 7 51% 48% 43% 8 55% 52% 47% 9 34% 32% 27% 10 40% 37% 32% 11 32% 30% 25% 12 35% 32% 27% 13 37% 35% 29% 14 28% 25% 20% 15 32% 30% 25% Average 39% 36% 31% Return rates are based on random financial forecasts results of different scenarios on operation times, utilizations and parking durations. Details about these scenarios can be found in ‘Financial Scenarios’ section. Note: Scenario 3 and 6 have been omitted due to unrealistic assumptions 0% 20% 40% 60% 80% 100% 120% 0 2 4 6 8 10 12 14 16 100 Lot Car Park 75 Lot Car Park 50 Lot Car Park
  21. 21. 21 Car Parking System | Parkmatic Company Financial Scenarios Each location will provide different user profile and therefore different park usage trends. More case studies with further usage statistics are possible however when we look into a longer usage statistics only three variables become critical in revenue generation; utilization level, average duration times and operational time. While longer operational times depend on availability of night life in the surrounding area, average duration times depend on consumer actions in surrounding areas. Since estimation for parking space is not an exact science, it is better to look into different scenarios where surrounding areas differs. Revenue and costs are calculated on annual bases by rolling up hourly, monthly amounts for expected revenue and costs. Revenue and Cost Summary based on Different Scenarios Revenue Cost 50,000 300,000 550,000 800,000 1,050,000 0 2 4 6 8 10 12 14 100 Lot Car Park 75 Lot Car Park 50 Lot Car Park Revenue/Cost Summary 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 0 5 10 15 100 Lot Car Park 75 Lot Car Park 50 Lot Car Park 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 0 5 10 15 100 Lot Car Park 75 Lot Car Park 50 Lot Car Park
  22. 22. 22 Car Parking System | Parkmatic Company Dashboard 0 2 4 6 8 10 12 0 5 10 15 20 Hourly Fee (YTL) 0 1 2 3 4 5 6 7 8 9 0 5 10 15 20 Hourly Fee (USD) 0 1 2 3 4 5 6 0 5 10 15 20 Durations 0 5 10 15 20 25 0 5 10 15 20 Hours of Operations 0% 20% 40% 60% 80% 100% 120% 0 5 10 15 20 Average Utilization 0 50 100 150 200 250 300 350 400 0 5 10 15 20 Days of Operation
  23. 23. 23 Car Parking System | Parkmatic Company Scenario 1 100% Utilization, 16hrs and 257 days of operation, avg. park duration is 2 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 6,291.89 $8,622.22 11,640.00 YTL Hourly Rev. € 700,151.35 $959,466.67 1,295,280.00 YTL TOTAL € 706,443.24 $968,088.89 1,306,920.00 YTL 75 Lot Car Park Monthly Parking € 4,670.27 $6,400.00 8,640.00 YTL Hourly Rev. € 525,113.51 $719,600.00 971,460.00 YTL TOTAL € 529,783.78 $726,000.00 980,100.00 YTL 50 Lot Car Park Monthly Parking € 3,243.24 $4,444.44 6,000.00 YTL Hourly Rev. € 350,075.68 $479,733.33 647,640.00 YTL TOTAL € 353,318.92 $484,177.78 653,640.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Monthly parking fee is 100 YTL, allocated space is 10% Costs For 100 Lot Car Park EURO USD YTL Maintenance € 10,000.00 $13,500.00 18,500.00 YTL Electricity € 20,560.00 $27,756.00 38,036.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 114,560.00 $154,656.00 211,936.00 YTL For 75 Lot Car Park Maintenance € 7,500.00 $10,125.00 13,875.00 YTL Electricity € 15,420.00 $20,817.00 28,527.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 106,920.00 $144,342.00 197,802.00 YTL For 50 Lot Car Park Maintenance € 5,000.00 $6,750.00 9,250.00 YTL Electricity € 10,280.00 $13,878.00 19,018.00 YTL
  24. 24. 24 Car Parking System | Parkmatic Company Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 99,280.00 $134,028.00 183,668.00 YTL Scenario 2 100% Utilization, 15hrs and 257 days of operation, avg. park duration is 3 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 555,675.68 $761,481.48 1,028,000.00 YTL TOTAL € 555,675.68 $761,481.48 1,028,000.00 YTL 75 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 416,756.76 $571,111.11 771,000.00 YTL TOTAL € 416,756.76 $571,111.11 771,000.00 YTL 50 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 277,837.84 $380,740.74 514,000.00 YTL TOTAL € 277,837.84 $380,740.74 514,000.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Costs For 100 Lot Car Park EURO USD YTL Maintenance € 10,000.00 $13,500.00 18,500.00 YTL Electricity € 12,850.00 $17,347.50 23,772.50 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 106,850.00 $144,247.50 197,672.50 YTL For 75 Lot Car Park Maintenance € 7,500.00 $10,125.00 13,875.00 YTL Electricity € 9,637.50 $13,010.63 17,829.38 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 101,137.50 $136,535.63 187,104.38 YTL For 50 Lot Car Park
  25. 25. 25 Car Parking System | Parkmatic Company Maintenance € 5,000.00 $6,750.00 9,250.00 YTL Electricity € 6,425.00 $8,673.75 11,886.25 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 95,425.00 $128,823.75 176,536.25 YTL Scenario 3 85% Utilization, 16hrs and 257 days of operation, avg. park duration is 1 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 944,648.65 $1,294,518.52 1,747,600.00 YTL TOTAL € 944,648.65 $1,294,518.52 1,747,600.00 YTL 75 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 708,486.49 $970,888.89 1,310,700.00 YTL TOTAL € 708,486.49 $970,888.89 1,310,700.00 YTL 50 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 472,324.32 $647,259.26 873,800.00 YTL TOTAL € 472,324.32 $647,259.26 873,800.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Costs For 100 Lot Car Park EURO USD YTL Maintenance € 10,000.00 $13,500.00 18,500.00 YTL Electricity € 34,952.00 $47,185.20 64,661.20 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 128,952.00 $174,085.20 238,561.20 YTL For 75 Lot Car Park Maintenance € 7,500.00 $10,125.00 13,875.00 YTL Electricity € 26,214.00 $35,388.90 48,495.90 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL
  26. 26. 26 Car Parking System | Parkmatic Company TOTAL € 117,714.00 $158,913.90 217,770.90 YTL For 50 Lot Car Park Maintenance € 5,000.00 $6,750.00 9,250.00 YTL Electricity € 17,476.00 $23,592.60 32,330.60 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 106,476.00 $143,742.60 196,980.60 YTL Scenario 4 100% Utilization, 16hrs and 257 days of operation, avg. park duration is 4 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 500,108.11 $685,333.33 925,200.00 YTL TOTAL € 500,108.11 $685,333.33 925,200.00 YTL 75 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 375,081.08 $514,000.00 693,900.00 YTL TOTAL € 379,751.35 $520,400.00 702,540.00 YTL 50 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 250,054.05 $342,666.67 462,600.00 YTL TOTAL € 250,054.05 $342,666.67 462,600.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Costs For 100 Lot Car Park EURO USD YTL Maintenance € 10,000.00 $13,500.00 18,500.00 YTL Electricity € 10,280.00 $13,878.00 19,018.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 104,280.00 $140,778.00 192,918.00 YTL For 75 Lot Car Park Maintenance € 7,500.00 $10,125.00 13,875.00 YTL Electricity € 7,710.00 $10,408.50 14,263.50 YTL
  27. 27. 27 Car Parking System | Parkmatic Company Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 99,210.00 $133,933.50 183,538.50 YTL For 50 Lot Car Park Maintenance € 5,000.00 $6,750.00 9,250.00 YTL Electricity € 5,140.00 $6,939.00 9,509.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 94,140.00 $127,089.00 174,159.00 YTL Scenario 5 100% Utilization, 20hrs and 257 days of operation, avg. park duration is 5 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 555,675.68 $761,481.48 1,028,000.00 YTL TOTAL € 555,675.68 $761,481.48 1,028,000.00 YTL 75 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 416,756.76 $571,111.11 771,000.00 YTL TOTAL € 421,427.03 $577,511.11 779,640.00 YTL 50 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 277,837.84 $380,740.74 514,000.00 YTL TOTAL € 277,837.84 $380,740.74 514,000.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Costs For 100 Lot Car Park EURO USD YTL Maintenance € 10,000.00 $13,500.00 18,500.00 YTL Electricity € 10,280.00 $13,878.00 19,018.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 104,280.00 $140,778.00 192,918.00 YTL For 75 Lot Car Park
  28. 28. 28 Car Parking System | Parkmatic Company Maintenance € 7,500.00 $10,125.00 13,875.00 YTL Electricity € 7,710.00 $10,408.50 14,263.50 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 99,210.00 $133,933.50 183,538.50 YTL For 50 Lot Car Park Maintenance € 5,000.00 $6,750.00 9,250.00 YTL Electricity € 5,140.00 $6,939.00 9,509.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 94,140.00 $127,089.00 174,159.00 YTL Scenario 6 100% Utilization, 22hrs and 257 days of operation, avg. park duration is 1 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 1,528,108.11 $2,094,074.07 2,827,000.00 YTL TOTAL € 1,528,108.11 $2,094,074.07 2,827,000.00 YTL 75 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 1,146,081.08 $1,570,555.56 2,120,250.00 YTL TOTAL € 1,150,751.35 $1,576,955.56 2,128,890.00 YTL 50 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 764,054.05 $1,047,037.04 1,413,500.00 YTL TOTAL € 764,054.05 $1,047,037.04 1,413,500.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Costs For 100 Lot Car Park EURO USD YTL Maintenance € 10,000.00 $13,500.00 18,500.00 YTL Electricity € 56,540.00 $76,329.00 104,599.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL
  29. 29. 29 Car Parking System | Parkmatic Company TOTAL € 150,540.00 $203,229.00 278,499.00 YTL For 75 Lot Car Park Maintenance € 7,500.00 $10,125.00 13,875.00 YTL Electricity € 42,405.00 $57,246.75 78,449.25 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 133,905.00 $180,771.75 247,724.25 YTL For 50 Lot Car Park Maintenance € 5,000.00 $6,750.00 9,250.00 YTL Electricity € 28,270.00 $38,164.50 52,299.50 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 117,270.00 $158,314.50 216,949.50 YTL Scenario 7 90% Utilization, 15hrs and 360 days of operation, avg. park duration is 3 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 700,540.54 $960,000.00 1,296,000.00 YTL TOTAL € 700,540.54 $960,000.00 1,296,000.00 YTL 75 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 525,405.41 $720,000.00 972,000.00 YTL TOTAL € 525,405.41 $720,000.00 972,000.00 YTL 50 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 350,270.27 $480,000.00 648,000.00 YTL TOTAL € 350,270.27 $480,000.00 648,000.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Costs For 100 Lot Car Park EURO USD YTL Maintenance € 10,000.00 $13,500.00 18,500.00 YTL Electricity € 16,200.00 $21,870.00 29,970.00 YTL
  30. 30. 30 Car Parking System | Parkmatic Company Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 110,200.00 $148,770.00 203,870.00 YTL For 75 Lot Car Park Maintenance € 7,500.00 $10,125.00 13,875.00 YTL Electricity € 12,150.00 $16,402.50 22,477.50 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 103,650.00 $139,927.50 191,752.50 YTL For 50 Lot Car Park Maintenance € 5,000.00 $6,750.00 9,250.00 YTL Electricity € 8,100.00 $10,935.00 14,985.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 97,100.00 $131,085.00 179,635.00 YTL Scenario 8 80% Utilization, 18hrs and 360 days of operation, avg. park duration is 3 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 747,243.24 $1,024,000.00 1,382,400.00 YTL TOTAL € 747,243.24 $1,024,000.00 1,382,400.00 YTL 75 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 560,432.43 $768,000.00 1,036,800.00 YTL TOTAL € 560,432.43 $768,000.00 1,036,800.00 YTL 50 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 373,621.62 $512,000.00 691,200.00 YTL TOTAL € 373,621.62 $512,000.00 691,200.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Costs For 100 Lot Car Park EURO USD YTL
  31. 31. 31 Car Parking System | Parkmatic Company Maintenance € 10,000.00 $13,500.00 18,500.00 YTL Electricity € 17,280.00 $23,328.00 31,968.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 111,280.00 $150,228.00 205,868.00 YTL For 75 Lot Car Park Maintenance € 7,500.00 $10,125.00 13,875.00 YTL Electricity € 12,960.00 $17,496.00 23,976.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 104,460.00 $141,021.00 193,251.00 YTL For 50 Lot Car Park Maintenance € 5,000.00 $6,750.00 9,250.00 YTL Electricity € 8,640.00 $11,664.00 15,984.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 97,640.00 $131,814.00 180,634.00 YTL Scenario 9 80% Utilization, 12hrs and 360 days of operation, avg. park duration is 3 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 498,162.16 $682,666.67 921,600.00 YTL TOTAL € 498,162.16 $682,666.67 921,600.00 YTL 75 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 373,621.62 $512,000.00 691,200.00 YTL TOTAL € 373,621.62 $512,000.00 691,200.00 YTL 50 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 249,081.08 $341,333.33 460,800.00 YTL TOTAL € 249,081.08 $341,333.33 460,800.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter
  32. 32. 32 Car Parking System | Parkmatic Company Costs For 100 Lot Car Park EURO USD YTL Maintenance € 10,000.00 $13,500.00 18,500.00 YTL Electricity € 11,520.00 $15,552.00 21,312.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 105,520.00 $142,452.00 195,212.00 YTL For 75 Lot Car Park Maintenance € 7,500.00 $10,125.00 13,875.00 YTL Electricity € 8,640.00 $11,664.00 15,984.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 100,140.00 $135,189.00 185,259.00 YTL For 50 Lot Car Park Maintenance € 5,000.00 $6,750.00 9,250.00 YTL Electricity € 5,760.00 $7,776.00 10,656.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 94,760.00 $127,926.00 175,306.00 YTL Scenario 10 90% Utilization, 12hrs and 360 days of operation, avg. park duration is 3 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 560,432.43 $768,000.00 1,036,800.00 YTL TOTAL € 560,432.43 $768,000.00 1,036,800.00 YTL 75 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 420,324.32 $576,000.00 777,600.00 YTL TOTAL € 420,324.32 $576,000.00 777,600.00 YTL 50 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 280,216.22 $384,000.00 518,400.00 YTL TOTAL € 280,216.22 $384,000.00 518,400.00 YTL
  33. 33. 33 Car Parking System | Parkmatic Company Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Costs For 100 Lot Car Park EURO USD YTL Maintenance € 10,000.00 $13,500.00 18,500.00 YTL Electricity € 12,960.00 $17,496.00 23,976.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 106,960.00 $144,396.00 197,876.00 YTL For 75 Lot Car Park Maintenance € 7,500.00 $10,125.00 13,875.00 YTL Electricity € 9,720.00 $13,122.00 17,982.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 101,220.00 $136,647.00 187,257.00 YTL For 50 Lot Car Park Maintenance € 5,000.00 $6,750.00 9,250.00 YTL Electricity € 6,480.00 $8,748.00 11,988.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 95,480.00 $128,898.00 176,638.00 YTL Scenario 11 90% Utilization, 12hrs and 360 days of operation, avg. park duration is 4 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 472,864.86 $648,000.00 874,800.00 YTL TOTAL € 472,864.86 $648,000.00 874,800.00 YTL 75 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 354,648.65 $486,000.00 656,100.00 YTL TOTAL € 354,648.65 $486,000.00 656,100.00 YTL 50 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL
  34. 34. 34 Car Parking System | Parkmatic Company Hourly Rev. € 236,432.43 $324,000.00 437,400.00 YTL TOTAL € 236,432.43 $324,000.00 437,400.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Costs For 100 Lot Car Park EURO USD YTL Maintenance € 10,000.00 $13,500.00 18,500.00 YTL Electricity € 9,720.00 $13,122.00 17,982.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 103,720.00 $140,022.00 191,882.00 YTL For 75 Lot Car Park Maintenance € 7,500.00 $10,125.00 13,875.00 YTL Electricity € 7,290.00 $9,841.50 13,486.50 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 98,790.00 $133,366.50 182,761.50 YTL For 50 Lot Car Park Maintenance € 5,000.00 $6,750.00 9,250.00 YTL Electricity € 4,860.00 $6,561.00 8,991.00 YTL Rent € 60,000.00 $81,000.00 111,000.00 YTL Other € 24,000.00 $32,400.00 44,400.00 YTL TOTAL € 93,860.00 $126,711.00 173,641.00 YTL Scenario 12 80% Utilization, 14hrs and 360 days of operation, Avg park duration is 4 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 10,588.24 $13,333.33 18,000.00 YTL Hourly Rev. € 533,647.06 $672,000.00 907,200.00 YTL TOTAL € 544,235.29 $685,333.33 925,200.00 YTL 75 Lot Car Park Monthly Parking € 7,941.18 $10,000.00 13,500.00 YTL Hourly Rev. € 400,235.29 $504,000.00 680,400.00 YTL TOTAL € 408,176.47 $514,000.00 693,900.00 YTL
  35. 35. 35 Car Parking System | Parkmatic Company 50 Lot Car Park Monthly Parking € 5,294.12 $6,666.67 9,000.00 YTL Hourly Rev. € 266,823.53 $336,000.00 453,600.00 YTL TOTAL € 272,117.65 $342,666.67 462,600.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Monthly park fee is 150 YTL, 10% space is allocated for this activity and 100% of the allocated space is utilized Costs For 100 Lot Car Park EURO USD YTL Maintenance € 10,000.00 $13,500.00 17,000.00 YTL Electricity € 9,720.00 $13,122.00 16,524.00 YTL Rent € 30,000.00 $40,500.00 51,000.00 YTL Other € 24,000.00 $32,400.00 40,800.00 YTL TOTAL € 73,720.00 $99,522.00 125,324.00 YTL For 75 Lot Car Park Maintenance € 7,500.00 $10,125.00 12,750.00 YTL Electricity € 7,290.00 $9,841.50 12,393.00 YTL Rent € 30,000.00 $40,500.00 51,000.00 YTL Other € 24,000.00 $32,400.00 40,800.00 YTL TOTAL € 68,790.00 $92,866.50 116,943.00 YTL For 50 Lot Car Park Maintenance € 5,000.00 $6,750.00 8,500.00 YTL Electricity € 4,860.00 $6,561.00 8,262.00 YTL Rent € 30,000.00 $40,500.00 51,000.00 YTL Other € 24,000.00 $32,400.00 40,800.00 YTL TOTAL € 63,860.00 $86,211.00 108,562.00 YTL Scenario 13 100% Utilization, 12hrs and 360 days of operation, Avg park duration is 4 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 571,764.71 $720,000.00 972,000.00 YTL TOTAL € 571,764.71 $720,000.00 972,000.00 YTL 75 Lot Car Park
  36. 36. 36 Car Parking System | Parkmatic Company Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 434,779.41 $547,500.00 739,125.00 YTL TOTAL € 434,779.41 $547,500.00 739,125.00 YTL 50 Lot Car Park Monthly Parking € 0.00 $0.00 0.00 YTL Hourly Rev. € 285,882.35 $360,000.00 486,000.00 YTL TOTAL € 285,882.35 $360,000.00 486,000.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Costs For 100 Lot Car Park EURO USD YTL Maintenance € 10,000.00 $13,500.00 17,000.00 YTL Electricity € 10,800.00 $14,580.00 18,360.00 YTL Rent € 30,000.00 $40,500.00 51,000.00 YTL Other € 24,000.00 $32,400.00 40,800.00 YTL TOTAL € 74,800.00 $100,980.00 127,160.00 YTL For 75 Lot Car Park Maintenance € 7,500.00 $10,125.00 12,750.00 YTL Electricity € 8,100.00 $10,935.00 13,770.00 YTL Rent € 30,000.00 $40,500.00 51,000.00 YTL Other € 24,000.00 $32,400.00 40,800.00 YTL TOTAL € 69,600.00 $93,960.00 118,320.00 YTL For 50 Lot Car Park Maintenance € 5,000.00 $6,750.00 8,500.00 YTL Electricity € 5,400.00 $7,290.00 9,180.00 YTL Rent € 30,000.00 $40,500.00 51,000.00 YTL Other € 24,000.00 $32,400.00 40,800.00 YTL TOTAL € 64,400.00 $86,940.00 109,480.00 YTL Scenario 14 80% Utilization, 14hrs and 360 days of operation, Avg park duration is 4 hrs Revenue 100 Lot Car Park EURO USD YTL Monthly Parking €0.00 $0.00 0.00 YTL Hourly Rev. €457,411.76 $576,000.00 777,600.00 YTL
  37. 37. 37 Car Parking System | Parkmatic Company TOTAL €457,411.76 $576,000.00 777,600.00 YTL 75 Lot Car Park Monthly Parking €0.00 $0.00 0.00 YTL Hourly Rev. €343,058.82 $432,000.00 583,200.00 YTL TOTAL €343,058.82 $432,000.00 583,200.00 YTL 50 Lot Car Park Monthly Parking €0.00 $0.00 0.00 YTL Hourly Rev. €228,705.88 $288,000.00 388,800.00 YTL TOTAL €228,705.88 $288,000.00 388,800.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Costs For 100 Lot Car Park EURO USD YTL Maintenance €10,000.00 $13,500.00 17,000.00 YTL Electricity €8,640.00 $11,664.00 14,688.00 YTL Rent €30,000.00 $40,500.00 51,000.00 YTL Other €24,000.00 $32,400.00 40,800.00 YTL TOTAL €72,640.00 $98,064.00 123,488.00 YTL For 75 Lot Car Park Maintenance €7,500.00 $10,125.00 12,750.00 YTL Electricity €6,480.00 $8,748.00 11,016.00 YTL Rent €30,000.00 $40,500.00 51,000.00 YTL Other €24,000.00 $32,400.00 40,800.00 YTL TOTAL €67,980.00 $91,773.00 115,566.00 YTL For 50 Lot Car Park Maintenance €5,000.00 $6,750.00 8,500.00 YTL Electricity €4,320.00 $5,832.00 7,344.00 YTL Rent €30,000.00 $40,500.00 51,000.00 YTL Other €24,000.00 $32,400.00 40,800.00 YTL TOTAL €63,320.00 $85,482.00 107,644.00 YTL Scenario 15 90% Utilization, 14hrs and 360 days of operation, Avg park duration is 5 hrs Revenue
  38. 38. 38 Car Parking System | Parkmatic Company 100 Lot Car Park EURO USD YTL Monthly Parking €0.00 $0.00 0.00 YTL Hourly Rev. €571,764.71 $720,000.00 972,000.00 YTL TOTAL €571,764.71 $720,000.00 972,000.00 YTL 75 Lot Car Park Monthly Parking €0.00 $0.00 0.00 YTL Hourly Rev. €428,823.53 $540,000.00 729,000.00 YTL TOTAL €428,823.53 $540,000.00 729,000.00 YTL 50 Lot Car Park Monthly Parking €0.00 $0.00 0.00 YTL Hourly Rev. €285,882.35 $360,000.00 486,000.00 YTL TOTAL €285,882.35 $360,000.00 486,000.00 YTL Assumptions: Hours rates are 5 YTL for the first hr, 2 YTL for the 2nd and 1 YTL for every hour thereafter Costs For 100 Lot Car Park EURO USD YTL Maintenance €10,000.00 $13,500.00 17,000.00 YTL Electricity €9,720.00 $13,122.00 16,524.00 YTL Rent €30,000.00 $40,500.00 51,000.00 YTL Other €24,000.00 $32,400.00 40,800.00 YTL TOTAL €73,720.00 $99,522.00 125,324.00 YTL For 75 Lot Car Park Maintenance €7,500.00 $10,125.00 12,750.00 YTL Electricity €7,290.00 $9,841.50 12,393.00 YTL Rent €30,000.00 $40,500.00 51,000.00 YTL Other €24,000.00 $32,400.00 40,800.00 YTL TOTAL €68,790.00 $92,866.50 116,943.00 YTL For 50 Lot Car Park Maintenance €5,000.00 $6,750.00 8,500.00 YTL Electricity €4,860.00 $6,561.00 8,262.00 YTL Rent €30,000.00 $40,500.00 51,000.00 YTL Other €24,000.00 $32,400.00 40,800.00 YTL TOTAL €63,860.00 $86,211.00 108,562.00 YTL
  39. 39. 39 Car Parking System | Parkmatic Company Due to traffic and park dynamics greatly differ from one location to another, each location needs to be forecasted separately according to set of criteria that are associated with that specific location. However, above data should provide an indication on average expected returns, costs and potential profitability.
  40. 40. 40 Car Parking System | Parkmatic Company Appendixes

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