Evercore Investment Banking Pitch Book
SIRE Situation Analysis
Partnership Overview
Description
Owns a controlling 51% interest in Sisecam Wyoming, one of
the largest and lowest cost producers of natural soda ash in
the world
2.5 million metric tons per annum ("mtpa") of soda ash
production capacity and over 50 years of trona mining
reserves
Since 2019, SIRE management has been evaluating a
potential new expansion project (the "Unit 8 Expansion") that
could increase production levels to 3.5 million mtpa, 134% of
the last five-year average
$175
$150
$125
$100
$75
$50
Sisecam Wyoming's Green River Basin facility has been
in operation for more than 50 years
$25
$ --
$104
2.27
2013A
Source: Partnership filings
EVERCORE
$121
2.31
2014A
$134
2.41
$117
2015A
2.49
2016A
➡ Sisecam Wyoming EBITDA
$120
2.46
2017A
Sisecam Wyoming Plant Location and Mine Footprint
14
"
$139
2.37
Teron
P
AURETTE
INCOINY
UTAH
can
BIGHORN
b
MONTANA
W
MASHARI
HOT SPAIN T
$138
Mandar
SHERIBAN
2.50
NEON
200
Historical and Projected Sisecam Wyoming EBITDA and Volumes Sold
2019A
NATIONA
Die
RAMPON
CARRELL
My
CORVENTE
ALKARY
Tommy
CROOK
WESTON
S
p
A
ORARI
W
PLATTE
SOH
$64
SOUTH
DAKOTA
2.02
NEBRASKA
2018A
2020A
--Soda Ash Volume Sold (Million Metric Tons)
WYOMING
$91
2.55
D
2021A
O
($ in millions)
D
Known Sodium Leasing Area
Ciner
Wyoming
$165
2.41
Green River, WY
2022A
6.0
5.0
4.0
3
N
O
1.0
!
(Million Metric Tons)
Soda Ash Volume Sold
ŞİŞECAMView entire presentation