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Good afternoon. I’m Lucy Watson. I’m with the Chemicals Equity Research Group for Jefferies and it’s my pleasure to introduce Patrick Prevost, CEO of Cabot.
Thank you Lucy and good afternoon. I’ve got about 24 minutes here to walk you through the latest developments of Cabot and looking forward to do that. There will be a general outline of the company and a few key messages. Then I’m going to speak about the Norit acquisition, then we will spend a little time on our key strengths, global footprint, as well as the macro trends that are affecting our business, and then I will close with a review of our strategic levers and how we are doing against those leavers.
So before I get going with the main body of the presentation, I just wanted to remind you that our conversation will include forward-looking statements which effects the risks and uncertainties and Cabot’s actually results may different materially from those expressed in the forward-looking statements and you can find a list of those factors in our From 10-K.
So having gotten that out of the way, I’m sure you don’t want me to read that do you? Let me start with a brief review of our portfolio. We are currently organizing four segments, starting from the left you have the core segments, which is the business within which we produce and sell the rubber blacks that is used in the tires and the other industrial rubber applications. The main areas of focus here are process technology, relative cost position, value pricing and of course also industry structure and competitive environment.