Cabot Corporation Morgan Stanley Global Chemicals and Agriculture Conference Patrick Prevost November 11, 2014
About Cabot NYSE: CBT Founded 1882 Global specialty chemicals and performance materials company 42 manufacturing sites in 21 countries Core technical competencies in fine particles and surface modification FY2014 sales: 3.6…
Reinforcement Materials Segment RUBBER BLACKS BUSINESS Global leader in carbon black Strong footprint in Asia, Europe, and the Americas Industry leading technology for high performing and energy efficient tires FY 2014 adjusted…
Performance Materials Segment SPECIALTY CARBONS AND COMPOUNDS AND FUMED METAL OXIDES BUSINESSES Leadership positions in specialty carbons and fumed silica Strong, global asset base Focus on applications development and providing…
Advanced Technologies Segment SPECIALTY FLUIDS, INKJET, ELASTOMER COMPOSITES, AND AEROGEL BUSINESSES Cutting-edge technologies with leadership positions Focus on customer partnerships and commercial growth FY 2014 adjusted EBITDA…
Purification Solutions Segment ACTIVATED CARBON BUSINESS Worlds largest and most experienced producer of activated carbon Purification for air, water, food & beverage, pharmaceuticals and more Growth tied to macro-trends in…
Industry Profile Serving various industries through our portfolio of leading businesses 8
Cabot Locations manufacturing sites sales locations affiliates regional headquarters 42 manufacturing sites in 21 countries, all with local management teams 9
Strategy and Strategic Levers Deliver earnings growth through leadership in performance materials. Capacity and Emerging Margin Improvement Market Expansion Portfolio Management New Product and New Business Development…
Strong Portfolio of Leading Businesses EBITDA 2014 EBITDA Margin Reinforcement 329 16% Materials Performance 207 22% Materials Advanced 76 37% Technologies Purification 35 11% Solutions *EBITDA Margin presented on adjusted…
Fiscal 2014 Segment Highlights Reinforcement Materials record EBIT in fiscal 2014; volumes higher in 2014 from the addition of new capacity in China, our acquisition in Mexico, and improved demand; benefits from energy efficiency…
Capital Allocation Capital Expenditures: Expect between 200-250 million in FY2015 Dividend: Paid consistently for 20+ years; increased 10% in 2014 Debt: BBB+ / Baa2; recently reaffirmed investment grade rating Share Repurchases:…
Investment Highlights Global Leader in Specialty Chemicals Portfolio of high performing businesses with leading market positions Technology and product innovation leadership Broad geographic footprint with leading emerging market…
Non-GAAP Financial Measures Adjusted EPS Adjusted EPS = Net Income per diluted common share from continuing operations After-tax certain items per share Adjusted net income per share Certain items are items that management does not…
Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA Margin Please see the investor section of our website for 2013 and 2014 reconciliations of Adjusted EBITDA and Adjusted EBITDA Margins. INVESTOR RELATIONS OVERVIEW 18
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