Evercore Investment Banking Pitch Book
SIRE Situation Analysis
SIRE Financial Projections - Sisecam Wyoming Sources and Uses
Sources
Distributable Cash Flow Surplus / (Shortfall)
Increase / (Decrease) in Net Working Capital
Cash from Revolver / (Cash to Revolver)
Total Sources
Uses
Growth Capital Expenditures
Mandatory Debt Paydown
Discretionary Debt Paydown
Cash to (from) Balance Sheet
Other
Total Uses
Capital Structure
Total Debt
Less: Cash
Net Debt
Net Debt / Adjusted EBITDA
Source: SIRE Financial Projections
EVERCORE
2023E
$26.0
0.4
$26.4
8.8
33.8
(16.3)
$26.4
$94.3
(5.0)
$89.3
0.6x
2024E
28
For the Years Ending December 31,
2025E
2026E
$23.9
15.7
--
$39.7
$--
9.1
30.6
-=
$39.7
$54.7
(5.0)
$49.7
0.3x
$8.2
8.2
--
$16.3
$--
9.3
7.1
1
$16.3
$38.3
(5.0)
$33.3
0.3x
$7.4
0.8
1.3
$9.5
$--
9.5
1
1
$9.5
$30.2
(5.0)
$25.2
0.2x
2027E
($ in millions)
$7.7
(9.8)
5.6
$3.5
$--
3.5
1
$3.5
$32.3
(5.0)
$27.3
0.2x
2028E
$6.4
(1.0)
$5.4
$--
4.7
0.7
1
1
$5.4
$26.9
(5.0)
$21.9
0.2x
ŞİŞECAMView entire presentation