CMC futureBased on current forecasts following the construction of the gasifiers, the expected annual productive capacity of the Carseland Facility is over 30 million litres per year comprised of Bio-SynDiesel® Renewable Diesel, Bio-SynJet® Sustainable Aviation Fuel (SAF), Renewable Bio-Naphtha (gasoline blend) and Bio-Wax. Using the Company’s internal financial and operational estimates, assumptions and forecasts, the Cielo LP would be expected to generate annual revenue of approximately CAD$100 million, driving forecast annual EBITDA of approximately CAD$60 million. Cielo will be entitled to revenue and EBITDA generated within the Cielo LP, based in part on its proportionate ownership of the Cielo LP, resulting in a streamlined and efficient structure that is expected to benefit Cielo and its shareholders upon the Transaction closing with revenue and commercial production in 2024.