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Revenue CAGR of 21% to
R4.5 billion (2013 to 2015)

The CAGR of adjusted EBITDA is 22% for 2013 to 2017

• Continued investment in fleet of R682m and strategic acquisitions of R166m from 1 July 2012 to 30 June 2015.
• Return on net assets managed of more than 27%.

*Earnings before interest, tax, depreciation and amortisation (“EBITDA”) excluding items expensed or earned that Waco believes are not in the ordinary course of business such as restructuring costs.