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  "documentTitle": "Evercore | Investment Banking Pitch Book | 63 slides",
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  "authorName": "Evercore",
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  "presentationDate": "2023-01-01 00:00:00",
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  "pageNumber": 45,
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  "notes": "The slide presents two valuation blocks based on different fiscal year projections.",
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      "text": "Source: SIRE Financial Projections. 1. Includes 2.0% general partner interest, economically equivalent to 399,000 LP Units at current quarterly distribution",
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      "text": "2024E EBITDA Attributable to SIRE: $71.2; Relevant EBITDA Multiple: 4.5x - 7.0x; Implied Enterprise Value: $320.4 - $498.4; Less: Net Debt: ($59.0); Implied SIRE Equity Value: $261.4 - $439.4; SIRE LP Units: 20.2; Implied Unit Price: $12.94 - $21.75",
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      "text": "2023E EBITDA Attributable to SIRE: $76.6; Relevant EBITDA Multiple: 5.0x - 7.5x; Implied Enterprise Value: $383.0 - $574.5; Less: Net Debt: ($59.0); Implied SIRE Equity Value: $324.0 - $515.5; SIRE LP Units: 20.2; Implied Unit Price: $16.04 - $25.52",
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      "text": "Preliminary Valuation Detail – SIRE Financial Projections",
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      "kind": "title",
      "text": "Peer Group Trading Analysis (cont'd)",
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      "name": "Cost Of Inaction",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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