Evercore Investment Banking Pitch Book

Confidential - Preliminary and Subject to Change Financial Projections and Preliminary Valuation Detail - Sensitivity Case #1 1 SIRE Financial Projections vs. Sensitivity Case #1 ($ in millions, except per unit amounts, EBITDA Attributable to SIRE DCF / LP Unit % Gross Margin $76.1 $78.0 2022E $2.00 $2.00 2022E 40.9% 40.5% 2022E $76.6 2023E $2.40 $95.7 39.3% 2023E $3.00 Source: SIRE Financial Projections, SIRE management EVERCORE 41.7% 2023E $71.2 $94.1 2024E $2.21 $2.95 2024E 39.3% 38.2% 2024E $55.9 2025E $1.85 35.8% $73.6 2025E SIRE Financial Projections $2.60 27 2025E 32.2% $51.8 2026E $1.66 $71.2 34.6% 2026E $2.51 32.2% Sensitivity Case #1 2026E $53.8 2027E $1.74 $77.2 33.5% $2.71 2027E 35.9% 2027E $46.9 2028E $1.41 $75.5 30.8% $2.64 2028E 35.9% 2028E ŞİŞECAM

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