Evercore Investment Banking Pitch Book
Preliminary Valuation of SIRE Common Units
Soda Ash Production from Mined Trona Ore
2.50
2.25
2.00
1.75 1.69
1.50
1.25
1.00
0.75
0.50
0.25
1.65
Historically, annual soda ash production from mined trona ore, which excludes production from deca, has never exceeded SIRE
management's projection for 2022E to 2028E of approximately 2.2 mtpa per the SIRE Financial Projections
1.61
1.67
1.74
1.78
1.74
Soda Ash Production from Mined Trona Ore
1.79
2.08 2.11
2.02
Historical
1.95
Source: SIRE management, SIRE Financial Projections
Note: Soda ash production from mined trona ora excludes production volumes from deca dehydration
EVERCORE
2.05
1.54
14
1.74
Confidential - Preliminary and Subject to Change
1.81
1.89
2022E-2028E Projected
1.86
(metric
1.91
tons in millions)
2.03 2.04 2.06
2.00
2.12
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
1.82
2.21
2.04
ŞİŞECAMView entire presentation