SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
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the Commission Only (as
[ ] Definitive Proxy Statement permitted by Rule 14a-6(e)(2))
[ ] Definitive Additional Materials
[x] Soliciting Material Under Rule 14a-12
ChemFirst Inc.
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(Name of Registrant as Specified in Its Charter)
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In connection with the transaction discussed in the following slides,
ChemFirst Inc. intends to file a proxy statement with the Securities and
Exchange Commission. Security holders are urged to read the proxy statement
when it becomes available because it will contain important information.
Security holders may obtain a free copy of the proxy statement when it
becomes available, as well as other materials filed with the Securities and
Exchange Commission concerning ChemFirst, at the Securities and Exchange
Commission's web site at http://www.sec.gov. Security holders of ChemFirst
Inc. may also obtain for free the proxy statement filed by ChemFirst Inc.
with the Securities and Exchange Commission in connection with the
transaction by directing a request to ChemFirst Inc., Attention: Investor
Relations Department, P.O. Box 1249, Jackson, MS 39215-1249, (601)
949-0213.
ChemFirst Inc. and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from ChemFirst shareholders
with respect to the transaction. Information regarding these directors and
executive officers and their ownership of ChemFirst common stock is
contained in ChemFirst Inc.'s proxy statement on Schedule 14A, filed with
the Securities and Exchange Commission on March 25, 2002, in connection
with the 2002 annual meeting ChemFirst shareholders. Investors may obtain
additional information regarding the interests of such participants by
reading the proxy statement regarding the transaction when it becomes
available.
1
ChemFirst Overview
ChemFirst is a leading producer of electronic and other specialty chemicals
and is a major producer of polyurethane chemicals with 2001 sales of $278MM
and 486 employees.
ChemFirst Electronic EKC Technologies First Chemical
Materials (formerly Triquest) Corporation
Products Semiconductor Stippers & Aniline
photoresist Removers Nitrotoluenes &
polymers CMP Derivatives
Principal Photoresists Electronic materials MDI (foams,
Segments for semiconductors, fillers, sealants)
flat panel displays,
MPU and DRAM
2001 $86M $192M
Revenues
2001
EBITDA $7M $43M
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STRATEGIC FIT:
Provides a high growth Electronic Technologies opportunity while Aniline
adds immediate earnings.
Electronic Technologies Strategic Fit Aniline Strategic Fit
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o Create stronger base in high o Aniline adds attractive
growth semiconductor chip earnings from day one.
fabrication business. Complements high future
growth from electronic
o Become a leader in current technologies.
generation of advanced
photoresist polymers - enhance o MDI is growing at 2X GDP
DuPont's next generation driven by polyurethane
capabilities. replacing wood and metal in
construction.
o Provide greater CMP scale.
Protentially complements o Acquisition provides
current DuPont-Air Products step-change growth &
Nanomaterials JV. diversifies customer base.
o Provides a leading position in o DuPont has the functional
strippers & removers, as well capabilities to deliver
as market access for DuPont technology, operations, and
technologies. supply chain synergies.
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ChemFirst Electronic Technologies - Segments Served
ChemFirst Elec. Materials
Develops and markets 248nm [GRAPHIC OMITTED]
photoresist polymers for
semiconductor manufacturing.
Segment Size
2001 CAGR
---- ----
IC Photoresists
- Standard $0.7B 8%
- Advanced $0.1B 13%
EKC Technologies
Removers/Strippers -- Develops and markets photoresist and etch residue
removers for semiconductor manufacturing.
Segment Size
2001 CAGR
---- -----
Strippers/Removers $0.3B 14%
CMP -- Develops and markets Chemical Mechanical Planarization slurries
for semiconductor manufacturing.
Segment Size
2001 CAGR
---- ----
Chem Mech Planar. $0.3B 20%+
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ChemFirst Electronic Materials Businesses
(Strong IC Fabrication Materials Position)
ChemFirst Elec. Materials EKC Removers EKC CMP
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o Growth Drivers o Growth Drivers o Growth Drivers
- Commercial technology - Increased number of - Shrinking linewidths
to enable smaller metal interconnect - Increased number of
linewidth semi-conductor layers metal layers
devices - Silicon wafer growth - Relationship with
- Enhance DuPont's 157nm - Expand DuPont Tech DANM JV
photoresist technology
o Position o Position o Position
- Leading global position - A leader in US, - Positioned for
in 248nm DUV Europe and Pac Rim strong growth with
photoresist polymers STI, tungsten, and
copper slurries
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