Evercore Investment Banking Pitch Book
Confidential - Preliminary and Subject to Change
Financial Projections and Preliminary Valuation Detail - Sensitivity Case #1
1 SIRE Financial Projections vs. Sensitivity Case #1
($ in millions, except per unit amounts,
EBITDA
Attributable to SIRE
DCF / LP Unit
% Gross Margin
$76.1 $77.7
2022E
$2.00 $2.00
2022E
40.9% 40.3%
2022E
$76.6
2023E
$2.40
$92.6
$2.90
2023E
39.3% 38.7%
Source: SIRE Financial Projections, SIRE management
EVERCORE
2023E
$71.2
$95.7
2024E
$2.21
$3.00
2024E
39.3% 38.8%
2024E
$55.9
2025E
$1.85
$84.2
2025E
$2.96
35.8% 36.0%
SIRE Financial Projections
2025E
28
$51.8
2026E
$1.66
$81.5
$2.87
2026E
34.6% 36.0%
Sensitivity Case #1
2026E
$53.8
2027E
$1.74
$78.7
33.5%
$2.76
2027E
36.5%
2027E
$46.9
2028E
$1.41
$77.0
30.8%
$2.70
2028E
36.5%
2028E
ŞİŞECAMView entire presentation