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Cabot Microelectronics Corporation
870 North Commons Drive, Aurora, IL 60504 * (630) 375-6631
Business Description The company is the leading supplier of slurries used in chemical mechanical planarization, or CMP, a polishing process used in the manufacturing of integrated circuit, or IC, devices.
Offering
Information

Company has
gone public

Trading As  CCMP (NASNTL) Industry  Manufacturing (SIC 3291)
Type of Stock Offered  Common Shares Filing Date  1/20/00
Domestic Shares Offered  4,000,000 Offer Date  4/3/00
Foreign Shares Offered  0 Filing Range  $15.00 - $17.00
Company Shares  4,000,000 Offer Price  $20.00
Selling Shrhldrs Shares  0 Gross Spread  $1.400
Gross Proceeds  $80,000,000 Selling  $0.840
Expenses  - - Reallowance  $0.100
Post-IPO Shares  22,990,000 Employees  242
Spun out from Cabot Corporation
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
Merrill Lynch & Co. Co-manager (212) 449-4600
Robertson, Stephens & Company Co-manager (415) 989-8500
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data 9/30/95 9/30/96 9/30/97 9/30/98 9/30/99    
Revenues   5.003 24.334 35.211 58.831 98.690 - -
Income from Oper.   - - - - - - -
Net Income   0.355 -0.866 0.708 4.237 12.280 - -
E.P.S   - - - - - - -
Revenue Growth (%)      386.39 44.70 67.08 67.752   -
Net Income Growth (%)      - - 498.45 189.83   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    7.10 - 2.01 7.20 12.44 - -
Cash Flow - Oper.     8.95 - -
Cash Flow - Inv.     -17.13 - -
Cash Flow - Fin.     8.07 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 9/30/99 Financial Ratios
Total Assets    70.27 Current Assets    26.12 Current Ratio    3.36
Total Liab.    8.20 Current Liab.    7.78 Debt Ratio    11.66%
Total Equity    62.08 Working Cap.    18.35 Debt to Equity Ratio    0.13
Cash    0.04    Return on Assets   17.47%
Use Of
Proceeds
The proceeds from the proposed offering will be used to pay a dividend to Cabot Corporation.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Fried, Frank, Harris, Shriver & Jacobson
Bank's Law Firm  Sullivan & Cromwell
Registrar/Transfer Agent  Boston Equiserve Limited Partnership
Auditor  Pricewaterhouse Coopers LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Cabot Corporation 100.00  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 5/29/00 12:56:05 AM
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