{
  "docId": "019dd923-622b-71dc-a6db-0d51af2fde1a",
  "docSlug": "fa820bf52be5",
  "documentTitle": "Solvay SA (SOLB BB)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-04-03 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 17,
  "pageCount": 47,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "comparison_table",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 10,
  "notes": "The slide uses a process diagram to contrast two production methods and their respective market shares.",
  "elementsJson": [
    "headline_text",
    "process_diagram",
    "pie_chart",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-0d51af2fde1a/17",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-0d51af2fde1a",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-0d51af2fde1a.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-0d51af2fde1a#slide-17",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Synthetic production, which is around 70% of the market, is more expensive, uses ammonia and consumes 2-3 times more energy.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-78b7-702e-9626-6e6ae66828dd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.13,
        "w": 0.14,
        "x": 0.58,
        "y": 0.35
      },
      "kind": "chart",
      "text": "Synthetic production market share by region",
      "attrs": null,
      "subkind": "pie",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "03096af0-1519-49b4-8e22-821d9b692dda",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.14,
        "w": 0.14,
        "x": 0.58,
        "y": 0.18
      },
      "kind": "chart",
      "text": "Natural production market share by region",
      "attrs": null,
      "subkind": "pie",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "63d1a71c-5c71-4301-bbd7-d53786b3b7cc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.13,
        "w": 0.14,
        "x": 0.58,
        "y": 0.19
      },
      "kind": "chart",
      "text": "Natural production market share by region",
      "attrs": null,
      "subkind": "pie",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9cf737ce-60b5-4509-afc8-d217d5da3927",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.14,
        "w": 0.14,
        "x": 0.58,
        "y": 0.36
      },
      "kind": "chart",
      "text": "Synthetic production market share by region",
      "attrs": null,
      "subkind": "pie",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d1d07bb1-89ee-4525-ae39-408f3ceef993",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.62,
        "x": 0.19,
        "y": 0.2
      },
      "kind": "diagram",
      "text": "Soda Ash -> Natural trona based / Synthetic chemical process",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2f47b0f2-3bcb-475c-86a0-8846a113d21b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.62,
        "x": 0.19,
        "y": 0.19
      },
      "kind": "diagram",
      "text": "Soda Ash to Natural vs Synthetic production flow",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6b611499-a8ac-4b95-937d-52ca65119cdd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.32,
        "w": 0.78,
        "x": 0.11,
        "y": 0.49
      },
      "kind": "paragraph",
      "text": "Soda ash can be produced naturally or synthetically. Natural production, which is around 30% of the market, comes from mining and purifying trona ore. The problem is trona is found in remote locations like Mongolia, Turkey and Wyoming, which individually accounts for over 80% of global reserves. Like most of us, before this I thought Wyoming was mostly for skiing and rodeos. Who knew? Synthetic production, which is around 70% of the market, is more expensive, uses ammonia and consumes 2-3 times more energy. Solvay today is 43% natural production and 57% synthetic production.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "865dd7bb-6d69-4bd8-a60d-eb49f556529b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.78,
        "x": 0.11,
        "y": 0.49
      },
      "kind": "paragraph",
      "text": "Soda ash can be produced naturally or synthetically. Natural production, which is around 30% of the market, comes from mining and purifying trona ore. The problem is trona is found in remote locations like Mongolia, Turkey and Wyoming, which individually accounts for over 80% of global reserves. Like most of us, before this I thought Wyoming was mostly for skiing and rodeos. Who knew? Synthetic production, which is around 70% of the market, is more expensive, uses ammonia and consumes 2-3 times more energy. Solvay today is 43% natural production and 57% synthetic production.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eabfe5d8-d8e9-4ee3-b5df-c68b8632517f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.25,
        "x": 0.11,
        "y": 0.45
      },
      "kind": "source-note",
      "text": "Source: WE Soda 2022 production data",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "853c8ef5-8298-4053-95e8-dc9c68601e1d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.68,
        "x": 0.11,
        "y": 0.81
      },
      "kind": "source-note",
      "text": "Source: WE Soda Presentation, December 2023 (using 2022 production data).",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "acb80407-e9de-44a7-8b60-bebac610ff10",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.42,
        "x": 0.29,
        "y": 0.13
      },
      "kind": "title",
      "text": "Soda Ash Production",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "37ab89c5-ae93-40db-ac2f-3d383ba2678c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.42,
        "x": 0.29,
        "y": 0.13
      },
      "kind": "title",
      "text": "Soda Ash Production",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "852bb85d-f28a-4ed9-8abd-c172af63145a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "3bce2646-a595-4ca3-ba39-84493ef023e9",
      "evidence": "Contrasts natural vs synthetic production methods",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 24,
      "from": 15,
      "beatId": "37a74e53-3c38-40ac-820b-96d46f6bc690",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Solution",
      "beatSlug": "sequoia-pitch-solution",
      "evidence": "The presentation presents Solvay's solution and strategy in the soda ash and peroxides markets.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}