Evercore Investment Banking Pitch Book
Confidential - Preliminary and Subject to Change
Financial Projections and Preliminary Valuation Detail - Sensitivity Case #1
1 Sisecam Wyoming Cash Flow Summary - Sensitivity Case #1
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
$158.7
(4.1)
(25.0)
$129.5
$43.3
41.6
$84.9
$44.6
1.53x
2023E
$195.4
(2.8)
(25.6)
$167.0
$68.1
65.5
$133.6
$33.4
1.25x
29
For the Years Ending December 31,
2024E
2025E
2026E
$192.3
(1.9)
(26.1)
$164.3
$67.0
64.4
$131.4
$32.9
1.25x
$152.2
(1.2)
(26.7)
$124.3
$57.6
55.4
$113.0
$11.3
1.10x
$147.5
(0.8)
(27.3)
$119.4
$55.4
53.2
$108.6
$10.9
1.10x
2027E
($ in millions)
$159.1
(0.6)
(27.9)
$130.6
$60.5
58.2
$118.7
$11.9
1.10x
2028E
$155.9
(0.4)
(28.6)
$126.9
$58.9
56.5
$115.4
$11.5
1.10x
ŞİŞECAMView entire presentation