15 th Grace EMEA FCC Technology Conference

Transcription

1 15 th Grace EMEA FCC Technology Conference

2 Agenda Grace Company Overview Comments on the Future FCC Catalyst Market Supply/Demand Grace s Investments 2

3 Grace: #1 or #2 in markets for over 70% of 2014 sales 2014 sales of $3.2 billion 6,800 employees 2014 Grace Sales True specialty chemicals business High value product portfolio Strong franchises in large, global markets Operations in over 40 countries Catalysts Technologies 37% $3.2 billion 34% Construction Products Catalysts Technologies #1 FCC catalysts #1 resid hydroprocessing catalysts #2 hydrocracking catalysts #1 independent polyethylene catalysts #1 independent polypropylene (PP) catalysts #1 independent PP process technology licensor Materials Technologies #1 in specialty silica gel #1 in can sealants Construction Products #1 in cement additives #2 in concrete admixtures 29% 2014 Grace Sales by Region North America 32% 12% Latin America $3.2 billion 22% Materials Technologies 34% Asia Pacific Europe Middle East Africa W. R. Grace & Co. 3

4 Founded on Innovation Our History of Innovation CATALYSTS TECHNOLOGIES Developed the first fluid cracking catalysts used for gasoline as well as the world s first heterogeneous catalysts to make polyethylene polymers MATERIALS TECHNOLOGIES Pioneered the use of silica gel for military, industrial, and consumer applications since 1919 CONSTRUCTION PRODUCTS Leader in developing chemical admixtures to enhance the quality of concrete Continues Today CATALYSTS TECHNOLOGIES Launched new FCC catalyst to meet the challenges of unconventional feeds for increased production of butylenes and an increase in gasoline octane MATERIALS TECHNOLOGIES Materials and novel technologies leading to new industry segments, value-added applications, and performance-enhancing attributes CONSTRUCTION PRODUCTS New process control technology offers customers savings through increased productivity and greater product consistency 4

5 Grace to Create Two Industry-Leading Public Companies New Grace Catalysts Technologies and Materials Technologies Global leader in process catalysts and specialty silicas High value, technologically advanced business focused on growth Manufacturing and technology focus with strong technical sales and service component More capital intensive, complex manufacturing operations New GCP Construction Products and Darex Packaging Global leader in specialty construction chemicals, specialty building materials, and packaging technologies Leverage independent company platform and strong cash flow to accelerate growth in global markets Sales and marketing focus with strong technical sales and service component Less capital intensive, simpler manufacturing operations Improved Strategic Focus, Simplified Operating Structures, and More Efficient Capital Allocation and Capital Structures 5

6 Refining Technologies Grace is the global leader for FCC catalysts and additives Customer-focused, solutions-oriented approach Broad, highly differentiated portfolio of products Industry-leading technical service Flexible manufacturing system Research leadership and innovation centered on customers current and future needs Worldwide Segment Share 21% 19% 16% Grace Competitor 1 Competitor 2 Competitor 3 11% 33% Leader in Materials Science 70+ Years Experience in Producing FCC Catalysts 40+ Years Experience in Alumina Manufacture 40+ Years Experience in Zeolite Manufacture 6

7 FCC Catalyst Market Update Market Growth Drivers Global GDP growth Demand for transportation fuel ~1-2% annually Non-OECD driving growth Demand for Transportation Fuels* Refining capacity additions 50+ new FCC units planned through 2018, primarily resid focused Environmental regulation Demand for petrochemical feedstocks Change in complexity of feedstocks *US Energy Information Agency, International Energy Outlook 7 7

8 Global FCC Catalyst Demand Volume Growth Through Increased Demand +3% China AP MEA EU LA NA FCC catalyst market growing at 3% All growth in emerging regions: China, ME, Asia, FSU Mature markets (NA, LA) forecasted flat, with closure risk in EU 8 8

9 Grace Abu Dhabi Detailed engineering phase for catalyst plant Catalyst logistics hub will be commissioned in April

10 Global Presence, Regional Focus Global Resources: People Technology Manufacturing Global Headquarters Regional Headquarters Manufacturing [87] R&D / Technical Service Sites [40] Manufacturing & R&D / Technical Service Sites [26] Licensing Abu Dhabi, UAE (planned) Albany, OR, USA Chattanooga, Tenn., USA Chicago, IL, USA Columbia, MD,USA (pilot plant) Curtis Bay, MD, USA Edison, NJ, USA Hitachi, Japan Lake Charles, LA, USA Norco, LA, USA Porvoo, Finland Qingdao, China Shuaiba, Kuwait (KCC) Stenungsund, Sweden Valleyfield, Quebec Worms, Germany 10

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