Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 260

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 260
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. • Organic Revenue : Projected organic growth in 2025E constitutes year-over-year changes in Suncrete’s initial platform (the “Initial Platform”), which consists of Eagle, Ram and Schwarz (which was acquired in October 2025), while projected organic growth in 2026E encompasses revenue growth for the Initial Platform and in the case of acquired companies outside of the Initial Platform, revenue growth in Suncrete’s second year of ownership. As of the date of this proxy statement/ prospectus, Suncrete has not acquired companies projected to be acquired in 2025 for which organic revenue growth was projected for 2026. Projected organic revenue growth of approximately 6% in 2025E and 2026E are primarily driven by the following assumptions: (i) average Initial Platform growth of 3.9% in 2025E and 2026E and (ii) average price growth of 2.3% in 2025E and 2026E. • Acquired Revenue : Projected acquired revenue assumes that Suncrete executes acquisitions beyond its initial platform in 2025, resulting in approximately $175 million of additional revenue, which transactions have not been consummated as of the date of this proxy statement/prospectus. • Expenses : Projected costs of goods sold assumes that raw material costs increase on a per ton basis consistent with historical trends. In addition, it is assumed the Schwarz Entities will benefit from strategic sand sourcing enhancements in 2025E, which would materially benefit the cost per ton of sand. Operating expenses of the Initial Platform are assumed to be approximately 15% of sales in 2025E and 2026E, which is consistent with historical levels. With respect to projected acquisitions, Suncrete assumes that acquired businesses have a 33% gross margin and an 18% EBITDA margin, which it views as industry norms for attractive targets in structured markets that are not yet optimized to Suncrete’s standards. It is further assumed that in year two of ownership of the Hypothetical Target Companies, each Hypothetical Target Company will experience volume utilization improvements, procurement benefits and operating leverage enhancements. • CapEx : The Initial Platform’s Maintenance CapEx is assumed to be approximately 3.2% of revenue on average in 2025E and 2026E. The assumption gives effect to yearly truck and plant maintenance and net replacement costs for the fleet of mixer trucks. Growth CapEx for the Initial Platform accounts for the costs of new mixer trucks; however,