Evercore Investment Banking Pitch Book
Confidential - Preliminary and Subject to Change
Financial Projections and Preliminary Valuation Detail - Sensitivity Case #1
1 SIRE Cash Flow Summary - Sensitivity Case #1
($ in millions, except per unit amounts,
Consolidated EBITDA
Sisecam Wyoming EBITDA
Less: SIRE G&A
SIRE Consolidated EBITDA
EBITDA Attributable to SIRE
SIRE'S 51% Share of Sisecam Wyoming EBITDA
Less: SIRE G&A
EBITDA Attributable to SIRE
SIRE Distributable Cash Flow
Distributions from Sisecam Wyoming
Less: SIRE G&A
Distributable Cash Flow
Distributed Cash Flow
Sisecam Chemicals
Public
General Partner
Distributed Cash Flow
Unit Ownership
Sisecam Chemicals
Public
General Partner
Total Units Outstanding
Distributable Cash Flow per LP Unit
Distribution per LP Unit
Distributable Cash Flow Surplus / (Shortfall)
SIRE Financial Projections, SIRE management
EVERCORE
2022E
$158.0
(2.9)
$155.1
$80.6
(2.9)
$77.7
$43.2
(2.9)
$40.3
$29.1
10.5
0.8
$40.3
14.6
5.2
0.4
20.2
$2.00
2.00
$-
2023E
$189.4
(4.0)
$185.4
$96.6
(4.0)
$92.6
$65.7
(4.0)
$61.7
$42.2
15.2
4.2
$61.7
14.6
5.2
0.4
20.2
$2.90
2.90
32
For the Years Ending December 31,
2024E
2025E
2026E
$195.5
(4.0)
$191.5
$99.7
(4.0)
$95.7
$68.3
(4.0)
$64.3
$43.7
15.8
4.9
$64.3
14.6
5.2
0.4
20.2
$3.00
3.00
$172.9
(4.0)
$168.9
$88.2
(4.0)
$84.2
$67.2
(4.0)
$63.2
$43.1
15.5
4.6
$63.2
14.6
5.2
0.4
20.2
$2.96
2.96
$--
$167.7
(4.0)
$163.7
$85.5
(4.0)
$81.5
$64.7
(4.0)
$60.7
$41.7
15.0
4.0
$60.7
14.6
5.2
0.4
20.2
$2.87
2.87
2027E
$162.1
(4.0)
$158.1
$82.7
(4.0)
$78.7
$62.0
(4.0)
$58.0
$40.2
14.5
3.3
$58.0
14.6
5.2
0.4
20.2
$2.76
2.76
2028E
$158.9
(4.0)
$154.9
$81.0
(4.0)
$77.0
$60.2
(4.0)
$56.2
$39.2
14.1
2.9
$56.2
14.6
5.2
0.4
20.2
$2.70
2.70
$--
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