Evercore Investment Banking Pitch Book
Confidential - Preliminary and Subject to Change
Financial Projections and Preliminary Valuation Detail - Sensitivity Case #1
1 Sisecam Wyoming Cash Flow Summary - Sensitivity Case #1
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
$158.0
(4.1)
(25.0)
$128.9
$43.2
41.5
$84.8
$44.1
1.52x
2023E
$189.4
(2.8)
(25.6)
$161.0
$65.7
63.1
$128.8
$32.2
1.25x
30
For the Years Ending December 31,
2024E
2025E
2026E
$195.5
(1.9)
(26.1)
$167.4
$68.3
65.6
$133.9
$33.5
1.25x
$172.9
(1.2)
(26.7)
$145.0
$67.2
64.6
$131.8
$13.2
1.10x
$167.7
(0.7)
(27.3)
$139.7
$64.7
62.2
$127.0
$12.7
1.10x
2027E
($ in millions)
$162.1
(0.6)
(27.9)
$133.6
$62.0
59.5
$121.5
$12.1
1.10x
2028E
$158.9
(0.4)
(28.6)
$129.9
$60.2
57.9
$118.1
$11.8
1.10x
ŞİŞECAMView entire presentation