7/24/2019 Case 24 Victoria Chemicals Plc a the Merseyside Project

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Rev. Jun. 21, 2012

This spreadsheet was prepared by Profe

7/24/2019 Case 24 Victoria Chemicals Plc a the Merseyside Project

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This spreadsheet supports ST&(*+T analysis of the case 'ictoria "he-icals P" /) The MerseysideProect3 /"ase 24.

ssor Michael J. Schill and Robert . !runer. "opyri#ht $ 200% by the &niversity of 'ir#inia (arden School oundation,

7/24/2019 Case 24 Victoria Chemicals Plc a the Merseyside Project

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Exhibit 2

'6"T7R6) "8*M6")S /)

Frank Greystock's DCF Analysis of Merseyside Project/financial values in -illions of !ritish pounds

Assumtions

)nnual 7utput /-etric tons 290,000 (iscount rate 10.0:

7utput ;ain Rate ?0:

Price. (eprec. 12.90: Salva#e 'alue 0

7ld ;ross Mar#in 11.9: A6P 6nventory