Imerys SA Q3 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Aron Ceccarelli - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : I have 3 questions, please. So the first one is on the paper business. Maybe remind us what is the maintenance CapEx of these assets? And how we should think about your CapEx for '24 and '25 in case the paper business to remain within the group. The second one is on the EBITDA guidance, which you now have lowered toward the lower end. If my numbers are correct, this would imply an EBITDA for Q4 down only 2%. After that was down 22% in Q2 -- sorry, in Q3 and it was down 50% on a 9-month basis. So I would be interested to understand how you think about this difference? And the third one, I noticed is the second time you mentioned increased competition in from Asian players. It would be great if you can elaborate a little bit on this topic.

Question: Aron Ceccarelli - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : So you and your market share is basically going back to what it was before the '21 and '22 period that's a fair assumption?

Question: Aron Ceccarelli - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Can I just double check if I got it correctly. So the CapEx number for next year, the EUR 300 million you said, does it include the Carbon Black and MD or is it without it?

Question: Sejal Varshney - AlphaValue SA - Analyst : So I have just one to be precise, and it's around the Emily project. So when you last -- when you announced this project, after that, you did mention that you were receiving a lot of interest from potential investors who might be willing to invest in the project as partners. So do you have any update on that? Do you still see some interest because you haven't announced anything for the same? And do you think that the lowering lithium prices has had an effect on the interest in the project. So any information that you could give on the Emily project would be very helpful.