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
$44.1
(27.5)
$16.6
$0.1
8.6
2.4
(5.2)
10.7
$16.6
$147.6
(5.0)
$142.6
0.9x
2023E
$32.2
0.4
$32.5
$--
8.8
23.7
$32.5
$115.0
(5.0)
$110.0
0.6x
31
For the Years Ending December 31,
2024E
2025E
2026E
$33.5
15.7
$49.2
$--
9.1
40.1
$49.2
$65.9
(5.0)
$60.9
0.3x
$13.2
8.2
$21.4
$--
9.3
12.1
$21.4
$44.5
(5.0)
$39.5
0.2x
$12.7
0.8
$13.5
$--
9.5
3.9
0.0
$13.5
$31.0
(5.0)
$26.0
0.2x
2027E
$12.1
(9.8)
1.2
$3.5
$--
3.5
(0.0)
$3.5
$28.7
(5.0)
$23.7
0.1x
millions)
in m
2028E
$11.8
(1.0)
$10.8
$--
4.9
5.9
(0.0)
$10.8
$17.9
(5.0)
$12.9
0.1x
ŞİŞECAMView entire presentation