Evercore Investment Banking Pitch Book slide image

Evercore Investment Banking Pitch Book

Preliminary Valuation Detail - SIRE Financial Projections Peer Group Trading Analysis Partnership / Corporation Chemical Companies with Soda Ash Oper erations Ciech SA $6.27 10.14 1.69 87.47 14.00 Genesis Energy, L.P. Türkiye Sise ve Cam Fabrikalari A.S. Solvay SA Tata Chemicals Limited Mean Median Other MLPs Alliance Resource Partners, L.P. Natural Resource Partners L.P. Mean Median Sise cam Resources LP² Price % of 52-Week Equity Enterprise 10/20/22 High¹ Value Value Source: Public filings and FactSet Note: No peer group company is directly comparable to SIRE As of October 20, 2022 Based on SIRE Financial Projections 1. 2. EVERCORE $22.65 40.64 $22.10 55.5% 75.2% 98.6% 68.3% 92.8% 82.0% 80.0% 93.9% $330 $632 1,243 5,694 5,031 6,925 9,023 12,508 3,567 4,433 $2,964 $3,298 537 1,241 $446 $1,026 19 ($ in millions, except per share/unit amounts) Net Debt / Soda Ash 2022E EBITDA % Revenue 2022E 3.9x 8.4 6.1 4.5 11.1 6.8x 6.1 3.3x 3.8 Confidential - Preliminary and Subject to Change 3.6x 3.6 6.8x EV / EBITDA 2023E 3.9x 7.7 5.2 5.2 10.1 6.4x 5.2 2.7x NM 2.7x 2.7 6.7x 2024E 3.8x 7.2 4.2 5.0 9.7 6.0x 5.0 2.6x NM 2.6x 2.6 7.2x 1.9x 5.0 1.1 1.2 1.9 2.2x 1.9 0.3x 0.7 0.5x 0.5 1.0x 40.9% 30.3% 30.0% 15.4% 15.0% 26.3% 30.0% --% 14.7% 7.3% 7.3% 100.0% ŞİŞECAM
View entire presentation