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
$32.3
(27.5)
1.5
$6.3
$0.1
8.6
(5.2)
2.8
$6.3
$151.5
(5.0)
$146.5
1.0x
2023E
$29.9
0.4
$30.2
$--
8.8
21.4
1
$30.2
$121.3
(5.0)
$116.3
0.7x
41
For the Years Ending December 31,
2024E
2025E
2026E
$30.8
15.7
$46.5
$--
9.1
37.4
$46.5
$74.8
(5.0)
$69.8
0.4x
$11.2
8.2
$19.4
$--
9.3
10.1
$19.4
$55.4
(5.0)
$50.4
0.3x
$10.8
0.8
$11.5
$--
9.5
2.0
0.0
$11.5
$43.9
(5.0)
$38.9
0.3x
2027E
$11.0
(9.8)
2.4
$3.5
$--
3.5
(0.0)
$3.5
$42.7
(5.0)
$37.7
0.3x
2028E
$10.6
(1.0)
$9.6
$--
4.9
4.8
(0.0)
$9.6
$33.1
(5.0)
$28.1
0.2x
ŞİŞECAMView entire presentation