Evercore Investment Banking Pitch Book
SIRE Situation Analysis
Energy Costs
Energy Cost Overview
After transportation, SIRE's second most significant
operating cost is energy
SIRE's primary energy cost is natural gas, as well as
electricity and fixed utilities
Natural gas cost is primarily driven by power-
generation required for mining and trona processing
plant equipment
2022A Energy Cost per Unit ($ / Metric Ton)
Fixed Utilities
$5.13
Electricity
$3.97
Source: SIRE management
EVERCORE
2022A Total
Energy Cost
per Metric Ton:
$30.90
Natural Gas
$21.79
16
Natural Gas
Electricity
Fixed Utilities
Consumption (MMBtu/mt)
Consumption (kWh/mt)
Unit Cost ($/mt)
5.00
4.00
3.00
2.00
1.00
250
200
150
100
50
$8.00
$7.00
$6.00
$5.00
$4.00-
$3.00
$2.00
$1.00
$0.00
Confidential - Preliminary and Subject to Change
Historical Energy Cost Trend
3.45
$3.36
2018A
197
$0.035
2018A
$6.74
2018A
3.49
$3.25
2019A
181
$0.034
2019A
$6.48
2019A
4.07
$2.87
2020A
154
$0.039
2020A
$6.41
2020A
3.78
$2.98
2021A
122
$0.033
2021A
$5.36
2021A
3.95
$5.29
2022E
126
$0.030
2022E
$5.13
2022A
$8.00
$6.00
$4.00
$2.00
$0.00
$0.050
$0.045
$0.040
$0.035
$0.030
$0.025
$0.020
Actual Projected Cost ($/MMBtu)
Actual / Projected Cost ($/kWh)
ŞİŞECAMView entire presentation