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  "documentTitle": "Evercore | Investment Banking Pitch Book | 82 slides",
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  "notes": "The slide presents two valuation tables based on different EBITDA projections and multiple ranges.",
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      "text": "Source: SIRE Financial Projections, SIRE management. 1. Includes 2.0% general partner interest, economically equivalent to 399,000 LP Units at current quarterly distribution",
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      "text": "2023E EBITDA Attributable to SIRE $87.7; Relevant EBITDA Multiple 5.0x - 7.5x; Implied Enterprise Value $438.5 - $657.7; Less: Net Debt (59.0); Implied SIRE Equity Value $379.5 - $598.7; SIRE LP Units Outstanding 20.2; Implied SIRE Unit Price Range $18.79 - $29.64",
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      "text": "2024E EBITDA Attributable to SIRE $90.9; Relevant EBITDA Multiple 4.5x - 7.0x; Implied Enterprise Value $409.3 - $636.6; Less: Net Debt (59.0); Implied SIRE Equity Value $350.3 - $577.6; SIRE LP Units Outstanding 20.2; Implied SIRE Unit Price Range $17.34 - $28.60",
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      "text": "Financial Projections and Preliminary Valuation Detail – Sensitivity Case",
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      "text": "Peer Group Trading Analysis – Sensitivity Case",
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