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winchem21

04/24/21 4:08 PM

#23959 RE: DewDiligence #23945

“we believe our estimates supporting $4 billion of adjusted EBITDA for the year are conservative relative to today's forward curve.”

-Keith Koci, EVP & CFO

$5 billion EBITDA is more likely; the stated $2.3 billion of Free Cash Flow for 2021 is undoubtedly going to be much higher as well.