{
  "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": 22,
  "pageCount": 47,
  "prevPage": 21,
  "nextPage": 23,
  "slideType": "other",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 34,
  "notes": "The slide provides a historical analysis of commodity pricing trends.",
  "elementsJson": [
    "headline_text",
    "bar_chart_grouped",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-0d51af2fde1a/22",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-0d51af2fde1a",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-0d51af2fde1a.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-0d51af2fde1a#slide-22",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Soda ash pricing was pretty stable from 2010 to 2021.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-78b7-702e-9628-12bdb3cbbb85",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.27,
        "w": 0.78,
        "x": 0.11,
        "y": 0.19
      },
      "kind": "chart",
      "text": "Western Europe vs US Soda Ash pricing 2007-2023",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2eb975d9-1340-4f6d-b8ce-11adfe55f3e3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.26,
        "w": 0.72,
        "x": 0.14,
        "y": 0.19
      },
      "kind": "chart",
      "text": "Western Europe Soda Ash Contract price (delivered) vs US Soda Ash price (Domestic FOB Wyoming)",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c2b70517-d5ec-48ab-8d6a-c384594162a1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Soda Ash Price",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-78b7-702e-9628-15dff4006238",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.78,
        "x": 0.11,
        "y": 0.49
      },
      "kind": "paragraph",
      "text": "Soda ash pricing was pretty stable from 2010 to 2021. During most of that period, Western European soda ash has been around $250 per ton, while U.S. prices have been lower at around $180 per ton. You see a spike in 2022 and 2023...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1ca9e686-6df9-47a8-8a24-789b18f76a53",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.78,
        "x": 0.11,
        "y": 0.49
      },
      "kind": "paragraph",
      "text": "Soda ash pricing was pretty stable from 2010 to 2021. During most of that period, Western European soda ash has been around $250 per ton, while U.S. prices have been lower at around $180 per ton. You see a spike in 2022 and 2023...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2d4e4c33-7f3b-4cdd-b692-647649dc9fbe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.45,
        "x": 0.11,
        "y": 0.67
      },
      "kind": "source-note",
      "text": "Source: J.P. Morgan Europe Equity Research, WE Soda June 7, 2023.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0b40ef4d-3a55-49e1-bd0c-6bd1c062be7c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.45,
        "x": 0.11,
        "y": 0.67
      },
      "kind": "source-note",
      "text": "Source: J.P. Morgan Europe Equity Research, WE Soda June 7, 2023.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7838d576-bac6-470a-b558-28e7b9e793a7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.34,
        "x": 0.33,
        "y": 0.13
      },
      "kind": "title",
      "text": "Soda Ash Pricing",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5501a6b5-4189-4ece-bade-0fb2ec1cee62",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.33,
        "x": 0.33,
        "y": 0.13
      },
      "kind": "title",
      "text": "Soda Ash Pricing",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c8586fe6-2e24-4b2a-a93f-aed8dba59161",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "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
}