Evercore Investment Banking Pitch Book
SIRE Situation Analysis
SIRE Financial Projections - Sisecam Wyoming Sources and Uses
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
Source: SIRE Financial Projections
EVERCORE
2022E
$40.8
(27.5)
$13.3
$0.1
8.6
1.3
(5.2)
8.4
$13.3
$148.6
(5.0)
$143.6
0.9x
2023E
$25.9
0.4
$26.3
$--
8.8
17.4
1
$26.3
$122.4
(5.0)
$117.4
0.7x
10
For the Years Ending December 31,
2024E
2025E
2026E
$23.8
15.7
$39.5
$--
9.1
30.5
$39.5
$82.8
(5.0)
$77.8
Confidential - Preliminary and Subject to Change
0.5x
$8.1
8.2
$16.3
$--
9.3
7.0
$16.3
$66.5
(5.0)
$61.5
0.5x
$7.3
0.8
1.4
$9.5
$--
9.5
$9.5
$58.4
(5.0)
$53.4
0.5x
2027E
($ in millions)
$7.7
(9.8)
5.7
$3.5
$--
3.5
$3.5
$60.6
(5.0)
$55.6
0.5x
2028E
$6.4
(1.0)
$5.4
$--
4.9
0.5
1
$5.4
$55.2
(5.0)
$50.2
0.5x
ŞİŞECAMView entire presentation