Evercore Investment Banking Pitch Book
SIRE Situation Analysis
Personnel Costs
Personnel Cost Overview
SIRE currently employs 444 people
In 2021, SIRE completed a one-time cost of living
adjustment to salaries as a retention initiative given
recent tightness in the U.S. labor market
In 2022, SIRE gave certain groups of technical
operations personnel an approximate 5% increase in
salaries to bring them more in line with market
Current Employee Count by Salary Type
Hourly
147
Source: SIRE management
EVERCORE
Salaried
297
17
Personnel Cost Drivers
Total Personnel Costs ($MM)
Employees
500
400
300
200
100
$100.0
$80.0
$60.0
$40.0
$20.0
$--
Historical Personnel Cost Trend
446
$144
452
$64.3
$150
444
$67.8
$147
2018A 2019A 2020A 2021A
444
$65.3
$166
$73.6
444
$163
2022E
$76.4
$250
$200
$150
$100
$50
2018A 2019A 2020A 2021A 2022A
Y
Avg. Fully-Loaded Cost ($K/employee/year)
ŞİŞECAMView entire presentation