Evercore Investment Banking Pitch Book
SIRE Situation Analysis
SIRE Financial Projections - Sisecam Wyoming Cash Flow Summary
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
Source: SIRE Financial Projections
EVERCORE
2023E
$158.0
(2.4)
(25.6)
$130.0
$53.1
51.0
$104.0
$26.0
1,25x
2024E
27
For the Years Ending December 31,
2025E
2026E
$147.5
(1.6)
(26.1)
$119.7
$48.8
46.9
$95.8
$23.9
1,25x
$117.4
(1.0)
(26.7)
$89.7
$41.6
40.0
$81.5
$8.2
1,10x
$109.4
(0.7)
(27.3)
$81.4
$37.7
36.2
$74.0
$7.4
1,10x
2027E
$113.4
(0.6)
(27.9)
$84.8
$39.3
37.8
$77.1
$7.7
1,10x
millions)
2028E
$99.7
(0.5)
(28.6)
$70.7
$32.8
31.5
$64.2
$6.4
1,10x
ŞİŞECAMView entire presentation