Evercore Investment Banking Pitch Book slide image

Evercore Investment Banking Pitch Book

SIRE Unit Trading $24.00 $22.00 $20.00 $18.00 $16.00 $14.00 $12.00 Proposed Consideration Unaffected Closing Price Last 30 Trading Days VWAP Last 60 Trading Days VWAP Last 6 Months VWAP Last 12 Months VWAP Go-Forward VWAP 9/12/21 wh Source: FactSet, Bloomberg EVERCORE 11/19/21: Ciner Enterprises agreed to sell 60% of SCR, inclusive of control, to Sisecam USA for $300 million 11/1/21 Historical Price (SIRE) Last 12 Months VWAP SIRE Price $19.00 $17.95 17.87 18.80 19.16 17.45 20.20 12/21/21 Consideration Premium Relative to Historical VWAP 5.8% 6.3% 1.1% (0.8%) 8.9% (5.9%) m 1/27/22: CINR / SIRE announced a quarterly cash distribution increase from $0.34 to $0.65 per unit 2/9/22 And 3/31/22 Last 30 Trading Days VWAP Proposed Consideration 2 5/20/22 Confidential - Preliminary and Subject to Change 7/5/22: SCR delivered non-binding proposal to acquire all Common Units held by Unaffiliated Unitholders Last 60 Trading Days VWAP Go-Forward VWAP 7/9/22 8/28/22 W Last 6 Months VWAP $22.65 $20.20 $19.16 $19.00 $18.80 $17.87 $17.45 10/17/22 ŞİŞECAM
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