Evercore Investment Banking Pitch Book
Confidential - Preliminary and Subject to Change
Financial Projections and Preliminary Valuation Detail - Sensitivity Case #3
3 SIRE Financial Projections vs. Sensitivity Case #3
($ in millions, except per unit amounts,
EBITDA
Attributable to SIRE
DCF / LP Unit
% Gross Margin
$76.1 $71.7
2022E
$2.00 $2.00
2022E
40.9% 40.9%
2022E
$76.6
2023E
$2.40
$86.7
$2.72
2023E
39.3% 39.3%
Source: SIRE Financial Projections, SIRE management
EVERCORE
2023E
$71.2
$88.8
2024E
$2.21
$2.79
2024E
39.3% 39.3%
2024E
$55.9
2025E
$1.85
$73.3
2025E
$2.58
35.8% 37.1%
SIRE Financial Projections
2025E
38
$51.8
2026E
$1.66
$70.8
34.6%
$2.49
2026E
37.1%
2026E
Sensitivity Case #3
$53.8
2027E
$1.74
$72.3
33.5%
$2.54
2027E
37.1%
2027E
$46.9
2028E
$1.41
$70.6
30.8%
$2.47
2028E
37.1%
2028E
ŞİŞECAMView entire presentation