Evercore Investment Banking Pitch Book
Confidential - Preliminary and Subject to Change
Financial Projections and Preliminary Valuation Detail - Sensitivity Case #3
($ in millions)
3 Sisecam Wyoming Cash Flow Summary - Sensitivity Case #3
Sisecam Wyoming Distributable Cash Flow
Sisecam Wyoming EBITDA
Less: Cash Interest Expense
Less: Maintenance Capital Expenditures
Distributable Cash Flow
Sisecam Wyoming Distributed Cash Flow
Distributions to SIRE (51.0%)
Distributions to NRP (49.0%)
Distributed Cash Flow
Distributable Cash Flow Surplus / (Shortfall)
Sisecam Wyoming Coverage Ratio
SIRE Financial Projections, SIRE management
EVERCORE
2022E
$151.1
(4.1)
(25.0)
$122.0
$43.3
41.6
$85.0
$37.0
1.44x
2023E
$182.8
(2.9)
(25.6)
$154.3
$63.0
60.5
$123.4
$30.9
1.25x
39
For the Years Ending December 31,
2024E
2025E
2026E
$186.7
(2.0)
(26.1)
$158.5
$64.7
62.1
$126.8
$31.7
1.25x
$155.7
(1.3)
(26.7)
$127.6
$59.2
56.9
$116.0
$11.6
1.10x
$150.7
(0.9)
(27.3)
$122.5
$56.8
54.6
$111.3
$11.1
1.10x
2027E
$154.0
(0.7)
(27.9)
$125.3
$58.1
55.8
$113.9
$11.4
1.10x
2028E
$150.8
(0.6)
(28.6)
$121.6
$56.4
54.2
$110.6
$11.1
1.10x
ŞİŞECAMView entire presentation