Sarvajal: Water for All 211-028

Exhibit 9 Consolidated Income Statement Projections—No Leasing or Borrowing for RO Plants

or Controllers

Consolidated Annual Income Statement

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015

# Ending Units 202 452 978 2,182 3,806
1 Total Revenue 13,821,703 50,029,827 132,665,467 343,566,938 724,177,409
RFID 0 1,219,727 5,035,657 22,124,099 84,160,349
RFID Unit Sales 0 1,067,000 2,940,300 8,332,060 20,717,015
RFID Point of Sale 0 152,727 2,095,357 13,792,039 63,443,334
Soochak Data Plan 0 386,100 1,491,930 3,701,511 7,260,472
Soochak Data Plan 0 386,100 1,491,930 3,701,511 7,260,472
RO Franchising 13,821,703 48,424,000 126,137,880 317,741,328 632,756,587
Franchisee Fees 5,018,373 16,600,000 36,504,000 89,760,000 144,144,000
Merchandise Sales 2,252,466 6,573,600 14,723,280 35,841,168 57,556,699
Other Revenue 71,363 0 0 0 0
Monthly Water Revenue (net) 6,479,501 24,847,200 71,879,400 182,308,800 401,952,000
Monthly Water Revenue
from RFID (net) 0 403,200 3,031,200 9,831,360 29,103,888
2 Direct Expenses -6,042,072 -16,125,100 -38,808,370 -95,558,494 -182,531,025
Soochak Data Plan 0 -339,778 -991,262 -2,313,845 -4,183,786
Soochak Direct Expenses 0 -339,778 -991,262 -2,313,845 -4,183,786
RO Franchising -6,042,072 -15,785,323 -37,817,108 -93,244,649 -178,347,239
Soochak Direct Expenses -276,962 -1,911,438 -4,911,903 -12,261,997 -27,056,611
Merchandise Cost -1,333,800 -6,244,920 -13,987,116 -34,049,110 -54,678,864
RO Direct Expenses -4,431,311 -7,628,965 -18,918,089 -46,933,542 -96,611,764
3 Total Indirect Expenses -16,285,739 -32,168,225 -47,088,360 -78,618,177 -131,799,380
RO Franchising -16,285,739 -32,168,225 -47,088,360 -78,618,177 -131,799,380
Administration -7,168,942 -13,092,200 -14,697,870 -16,167,657 -17,784,423
COCO -55,600 0 0 0 0
FY 2009 Audited 0 0 0 0 0
Lease Payments 0 0 0 0 0
Maintenance -1,693,061 -4,688,200 -8,944,320 -18,823,002 -38,743,014
Manufacturing 0 0 0 0 0
Marketing -75,000 -1,320,000 -1,452,000 -1,597,200 -1,756,920
Sales -2,765,213 -4,540,800 -8,058,600 -16,618,866 -23,964,389
Information Technology -1,312,295 -2,392,200 -2,845,920 -3,130,512 -3,443,563
Research & Development -414,042 -858,000 -943,800 -1,038,180 -1,141,998
Materials -134,000 -224,400 -246,840 -271,524 -298,676
Finance / Accounts / Legal -977,171 -1,599,000 -1,996,500 -2,196,150 -3,768,593
Franchisee Relationship Mgmt -1,690,416 -3,453,425 -7,902,510 -18,775,086 -40,897,803
4 Other Income 19,438 0 0 0 0
5 Depreciation Expense -4,150,631 -7,618,689 -15,511,131 -32,916,606 -64,992,081
6 Interest Payments 0 0 0 0 0
Grand Total -12,637,302 -5,882,187 31,257,607 136,473,661 344,854,922

EBTIDA -8,486,671 1,736,502 46,768,737 169,390,267 409,847,004

Depreciation Expense -4,150,631 -7,618,689 -15,511,131 -32,916,606 -64,992,081
EBIT -12,637,302 -5,882,187 31,257,607 136,473,661 344,854,922
Interest Payments 0 0 0 0 0
Earnings Before Taxes -12,637,302 -5,882,187 31,257,607 136,473,661 344,854,922
Taxes (30%) 0 0 -9,377,282 -40,942,098 -103,456,477
Net Income -12,637,302 -5,882,187 21,880,325 95,531,563 241,398,446

Source: Company documents.

Note: The company tracked revenue from franchisees as “Monthly Water Revenue (net).” When the retail-level RFID with
cell-phone top-up technology was to come into play, it would be tracked as “RFID Point of Sale.”

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