Ashland Inc. (
Ashland Analyst Day Call
November 15, 2011 08:30 am ET
Dave Neuberger - Director, IR
Jim O'Brien - Chairman & CEO
John Panichella - SVP & President, Ashland Specialty Ingredients
Paul Raymond - SVP, Ashland Inc., and President, Ashland Water Technologies
Ted Harris - SVP, President, Ashland Performance Materials; and President, Global Supply Chain
Sam Mitchell - SVP and President, Ashland Consumer Markets
Lamar Chambers - SVP & CFO
Dave Begleiter - Deutsche Bank
John Roberts - Buckingham Research
Mike Sison - KeyBanc
Jeff Zekauskas - JPMorgan
Dmitry Silversteyn - Longbow Research
Peter Goodson - Eminence Capital
Good morning and welcome to Ashland’s 2011 Analyst Day. I am Dave Neuberger, Director of Investor Relations. As a reminder today's event is being webcast live and will be available for replay for 12 months on Ashland’s website www.ashland.com. As shown on slide 2, forward-looking statements as defined in securities laws will be made during this presentation. We believe any such statements are based on reasonable assumptions, but cannot assure that such expectations will be achieved.
Please turn to slide 3. Please also note that during this presentation we will be discussing adjusted including pro forma and baseline results. Also we ask you to be aware that when we refer to EBITDA in the course of this presentation, we maybe referring to EBITDA, adjusted EBITDA or baseline EBITDA depending upon the period being referenced.
We believe these adjusted and baseline results enhance understanding of our current and future performance by reflecting certain key items and adjusting for the effects of certain acquisitions and divestitures.