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  "documentTitle": "GCP Applied Technologies (GCP)",
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  "presentationDate": "2020-04-30 00:00:00",
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  "notes": "The slide uses a dashed line to represent 2015 revenue as a baseline for comparison.",
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      "text": "Prior to COVID-19 pandemic, Wall Street analysts believed 2020 revenue could be less than that achieved nearly five years ago, despite strong industry tailwinds!",
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      "text": "Wall Street Analyst Estimates For GCP's 2020 Revenue",
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      "text": "While Wall Street analysts initially subscribed to management’s long-term revenue growth outlook, forward estimates have declined substantially over the past few years.",
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      "text": "Source: Bloomberg, GCP's public filings. (1) Chart shown beginning in August 2017 to exclude effect of Darex Packaging sale on Wall Street analyst estimates. (2) SCC revenue excludes contributions from Venezuela operations.",
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      "text": "The Board’s inability to execute on GCP’s long-term growth plans is clear as evidenced by the perpetual downward revisions from Wall Street analysts.",
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      "text": "As a Result, Wall Street Analysts Have Grown Increasingly Disillusioned with the Company’s Outlook",
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