Evercore Investment Banking Pitch Book
Confidential - Preliminary and Subject to Change
Financial Projections and Preliminary Valuation Detail - Sensitivity Case #1
1 Sisecam Wyoming Sources and Uses - Sensitivity Case #1
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
SIRE Financial Projections, SIRE management
EVERCORE
2022E
$44.6
(27.5)
$17.1
$0.1
8.6
2.6
(5.2)
11.0
$17.1
$147.4
(5.0)
$142.4
0.9x
2023E
$33.4
0.4
$33.8
$--
8.8
24.9
1
$33.8
$113.6
(5.0)
$108.6
0.6x
30
For the Years Ending December 31,
2024E
2025E
2026E
$32.9
15.7
$48.6
$--
9.1
39.5
$48.6
$65.1
(5.0)
$60.1
0.3x
$11.3
8.2
$19.5
$--
9.3
10.2
$19.5
$45.6
(5.0)
$40.6
0.3x
$10.9
0.8
$11.6
$--
9.5
2.1
0.0
$11.6
$33.9
(5.0)
$28.9
0.2x
2027E
$11.9
(9.8)
1.5
$3.5
$--
3.5
(0.0)
$3.5
$31.9
(5.0)
$26.9
0.2x
millions)
in m
2028E
$11.5
(1.0)
$10.5
$--
4.9
5.6
(0.0)
$10.5
$21.4
(5.0)
$16.4
0.1x
ŞİŞECAMView entire presentation