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SEC Filings

8-K
KRATON CORP filed this Form 8-K on 04/27/2017
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Kraton First Quarter 2017 Earnings Call 8 Cost Reductions & Transaction Synergies 10_85 11_85 $ in millions Cumulative Polymer Segment Cost Reduction Realization 2016 2017 Est. $31 $45 Cumulative Realization of G&A Synergies 2016 2017 Est. $18 $24 Cumulative Chemical Segment Operational Cost Improvement Realization 2016 2017 Est. $19 $39 ▪ Delivered $2 million of incremental cost reductions in Q1 2017 ▪ Belpre gas fired boilers completed August 2015 ▪ HSBC plant in Mailiao completed Q4'16 ▪ Cariflex "direct-connect" conversion in Paulinia underway, expect Q3'17 completion ▪ USBC expansion in Berre, France expected to be complete Q4'17 ▪ Other manufacturing energy and yield improvements ▪ Complexity reduction initiatives ▪ Delivered $3 million of G&A synergies in Q1 2017 ▪ C-Suite ▪ Back office consolidation ▪ Shanghai office integration ▪ Reductions in indirect overhead costs - annual insurance premiums ▪ Delivered $8 million of operational cost improvements in Q1 2017 ▪ Gas boiler startup in Panama City ▪ Vessel load optimization ▪ Rosin yield improvements in CTO refining ▪ DTO burn in lieu of heavy oil ▪ Increased quality of TOFA feedstock ▪ Continue to expect $135 million of improvement by 2018


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