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 Sources and Uses - Sensitivity Case #3
Sources
Distributable Cash Flow Surplus / (Shortfall)
Increase / (Decrease) in Net Working Capital
Cash from Revolver / (Cash to Revolver)
Total Sources
Uses
Growth Capital Expenditures
Mandatory Debt Paydown
Discretionary Debt Paydown
Cash to (from) Balance Sheet
Other
Total Uses
Capital Structure
Total Debt
Less: Cash
Net Debt
Net Debt / Adjusted EBITDA
SIRE Financial Projections, SIRE management
EVERCORE
2022E
$37.0
(27.5)
$9.5
$0.1
8.6
0.1
(5.2)
5.9
$9.5
$149.9
(5.0)
$144.9
1.0x
2023E
$30.9
0.4
$31.2
$--
8.8
22.4
$31.2
$118.7
(5.0)
$113.7
0.6x
40
For the Years Ending December 31,
2024E
2025E
2026E
$31.7
15.7
$47.4
$--
9.1
38.3
$47.4
$71.3
(5.0)
$66.3
0.4x
$11.6
8.2
$19.8
$--
9.3
10.5
$19.8
$51.5
(5.0)
$46.5
0.3x
$11.1
0.8
$11.9
$--
9.5
2.4
0.0
$11.9
$39.6
(5.0)
$34.6
0.2x
2027E
$11.4
(9.8)
2.0
$3.5
$--
3.5
(0.0)
$3.5
$38.0
(5.0)
$33.0
0.2x
2028E
$11.1
(1.0)
$10.1
$--
4.9
5.2
(0.0)
$10.1
$28.0
(5.0)
$23.0
0.2x
ŞİŞECAMView entire presentation