Evercore Investment Banking Pitch Book
Confidential - Preliminary and Subject to Change
Financial Projections and Preliminary Valuation Detail - Sensitivity Case #3
($ in millions)
3 Sisecam Wyoming Cash Flow Summary - Sensitivity Case #3
Sisecam Wyoming Distributable Cash Flow
Sisecam Wyoming EBITDA
Less: Cash Interest Expense
Less: Maintenance Capital Expenditures
Distributable Cash Flow
Sisecam Wyoming Distributed Cash Flow
Distributions to SIRE (51.0%)
Distributions to NRP (49.0%)
Distributed Cash Flow
Distributable Cash Flow Surplus / (Shortfall)
Sisecam Wyoming Coverage Ratio
SIRE Financial Projections, SIRE management
EVERCORE
2022E
$146.4
(4.1)
(25.0)
$117.2
$43.3
41.6
$84.9
$32.3
1.38x
2023E
$177.8
(2.9)
(25.6)
$149.3
$60.9
58.5
$119.5
$29.9
1.25x
40
For the Years Ending December 31,
2024E
2025E
2026E
$182.0
(2.1)
(26.1)
$153.8
$62.7
60.3
$123.0
$30.8
1.25x
$151.5
(1.4)
(26.7)
$123.4
$57.2
55.0
$112.2
$11.2
1.10x
$146.6
(1.0)
(27.3)
$118.3
$54.8
52.7
$107.5
$10.8
1.10x
2027E
$149.6
(0.8)
(27.9)
$120.8
$56.0
53.8
$109.9
$11.0
1.10x
2028E
$146.4
(0.7)
(28.6)
$117.1
$54.3
52.2
$106.5
$10.6
1.10x
ŞİŞECAMView entire presentation