#29July
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judithjesch.bsky.social
#Olavdenhellige #StOlav #29July #29juli #olsok #Norge #Norway #runer #runes #runology #dates #medievalsky
judithjesch.bsky.social Judith Jesch @judithjesch.bsky.social · Jul 29
I really missed a trick not writing this blogpost a year ago (read it to find out why): norseandviking.blogspot.com/2026/07/i-wr... Anyway, in honour of St Ólafr's feast day today, better late than never! #runology #olsok
norseandviking.blogspot.com
July 29, 2026 at 6:23 PM
fuckyeahgoodomens.bsky.social
Wahoo! :) Big Ineffable meeting in UK 26-28 July 2024! 🥳❤

And the day after 29July is my birthday so it's even more ineffable for me! See you there! :D <3
December 20, 2023 at 9:05 PM
noteprogressive.bsky.social
One by One is the newest song to be released from the forthcoming Peter Gabriel album o\i, out #today #29July on the full moon #PeterGabriel @itspetergabriel.bsky.social - DETAILS HERE: www.horizonsradio.it/2025/02/19/p...
July 29, 2026 at 10:14 AM
altskywarn.bsky.social
"The American Experiment"
(right-leaning non-profit, funded by Turning Point) is trying to weasle into #Minnesota & Doge it. 🚨 22July: Protest in Edina, at their paid luncheon. 29July: Buffalo event. Or, any day at their Minnetonka address.
#AltCitizen protesters requested. @indivisiblemn03.org
July 20, 2025 at 4:04 AM
anchila.bsky.social
[Proxy / Group Order] Love and Deep Space Sitting Plush + Badge
🌵Preorder is open until 29July
🌵I ship globally from Japan
🌵Please note that shipping from infold is very slow
🌵 Plush size: 20 cm. Price: 4500JPY and badge is 900JPY
#loveanddeepspace

DM to order and RT is appreciated!
July 18, 2025 at 6:27 AM
canvmilitarymuseum.bsky.social
Significant Dates in Operation Husky,Sicily
29JULY 1943
Pincer Move to capture Adrano (til 1AUG)
L pincer 1st Can Div to Regalbuto
R pincer 3rd Can Brigade + 78th Division

German Panzer Div Hermann Göring is ordered to hold at all costs
Air #331 Wing RCAF
PIC -48th Highlanders/Canada on to Adrano
July 30, 2025 at 9:13 PM
trailernight.com
On This Day | 29 July

On this day, in 1836, Inauguration of the Arc de Triomphe took place in Paris, France.

#OnThisDay #29July #History
July 29, 2025 at 1:29 PM
canvmilitarymuseum.bsky.social
Significant Dates in our Aviation History
29JULY 1930
Britain's R100 airship (like Germany's Hindenburg)departs base at Cardington UK en route to Montréal with 37 crew& 6 passengers

1st long-range flight of Imperial Airship Scheme
R‑100 arrived in Saint‑Hubert PQ August 1
79 hr voyage of 5,414 km
July 30, 2025 at 4:06 AM
disabilityarts.bsky.social
Join us for a webinar aimed at disabled creatives which demystifies the process of applying for funding.

When: 29 Jul
Where: Online
Cost: Free

disabilityarts.online/events/maste...
A yellow background with an image in the centre of a laptop sat on an office desk, with the word Funding displayed on screen. Text above reads: Mastering Funding Applications Webinar. Text below reads: 29July, Online, Free
July 13, 2026 at 12:01 PM
epsteinweb.bsky.social
EFTA01461983.jpg
#epsteinweb #efta01461983
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EFTA01461983 | EFTA01461983 29July 2014 Chemicals / Specialty Eastman Chemical [Figure 8: 2013 Geographic Sales Analysis iFigure 7:2013 Segment Sales Analysis isinArnince els US a anode 45% Admen*It Resican 14% aces WA Mined MSS% 25% Ass Amitc 20% Source Emmen Amor Sewn [Figure 5: 2013 sides by end-market Energy, Fuels S Webs ES:Monica Agriculture 's 2% 3% Transportation Health 8 Wellness 5% COW 6% Baling Construction IS% Curable Goode 8% Industrial Chanties & Processing 12% Consumables 14% Tobacco 13% Sant/awn Figure 9: 20'14 Sales by Region 'Figure 10: 20'14 Sales by Segment ten Aneecr sx Usied eslossold clew 45% Nhemed iblerles 26% Swat Enst.54 Cedosk46 Page 6 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDENTIAL Soiree EsetmenOWnsiode Deutsche Bank Securities Inc. DB-SDNY-0124313 SDNY_GM_00270497 EFTA01461983
February 21, 2026 at 7:03 PM
waterman.bsky.social
Sam Green's /32 Sounds/ coming to San Francisco. Don't miss it if you're there. The live narration tomorrow night is the real treat, but headphones/theatrical is also a great way to experience it.
Upcoming Exploratorium, San Francisco, CA (Live narration)July 27, 2023 Smith Rafael Film Center, San Rafael, CA (Theatrical with headphones) - Sam Green Q&A July 28 & 29July 28 - 30, 2023 Roxie Theater, San Francisco, CA (Theatrical with headphones) - Sam Green Q&AJuly 29, 2023 Fredonia Opera House, Fredonia, NY (Theatrical)July 29 and August 1, 2023 Rialto Cinemas Elmwood, Berkeley, CA (Theatrical with headphones) - Sam Green Q&A after both screeningsJuly 30, 2023
July 26, 2023 at 2:38 PM
krlabeat.bsky.social
Beach Boy Carl Wilson was cleared of draft-dodging, Zal Yanovsky quit the Lovin' Spoonful "amicably," and Mick Jagger and Keith Richard were found guilty of drug charges in London. Both Stones planned to appeal, and the charges were later dismissed.
krlabeat.sakionline.net/issue/29july...
Beach Boy Carl Wilson was cleared of draft-dodging, Zal Yanovsky quit the Lovin' Spoonful "amicably," and Mick Jagger and Keith Richard were found guilty of drug charges in London. Both Stones planned to appeal, and the charges were later dismissed. https://krlabeat.sakionline.net/issue/29july67.pdf
January 22, 2025 at 10:12 PM
epsteinweb.bsky.social
Parts 1-2/2 — EFTA01462065.jpg
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EFTA01462065 | EFTA01462065 29July 2014 Chemicals / Specially Eastman Chemical Historical recommendations and target price: Eastman Chemical (EMN.N) (as 0( 7/29/2074) 100 00 Previous Recommendations 90 00 - Strong Buy Buy Market Perform Underpart win Not Rated Suspended Rating 90 00 7000 6000 Current Recommendations 50 00 Buy Hold Sell Not Rated Suspended Rating 40 00 30 00 20 00 'New Recommendation Structure as of September 9.2002 10 00 000 Au 11 Nov 11 Feb 12 May 12 Aug 12 Nov 12 tve May 13 Aug 13 Nov 13 Fab 14 May 14 I. 2. 09/16/2011: Buy, Target Price Change USD95.00 6. 02/03/2013: Buy, Target Price Change USD85.00 10/31O011: Buy, Target Price Change USD48.00 7. 07/30/2013: Buy, Target Price Change USD100.00 3. 07/09/2012: Buy. Target Price Change US0493.03 8. 10/280013: Buy. Target Price Change USD95.00 4. 10/28/2012: Buy. Target Price Change USD70.00 9. 04/28/2014: Buy. Target Price Change USD100.00 5. 12/13/2012: Buy. Target Price Change USD80.00 Equity rating key Buy Based on a current 12- month view of total share-holder return (TSR = percentage change in share price from current price to projected target price plus pro-jetted dividend yield ) , we recommend that investors buy the stock. Sell: Based on a current 12-month view of total share- holder return, we recommend that investors sell the stock Hold: We take a neutral view on the stock 12-months out and, based on this time horizon, do not recommend either a Buy or Sell. Notes: 1. Newly issued research recommendations and target prices always supersede previously published research. 2. Ratings definitions prior to 27 January, 2007 were: guity rating lispnrsion and banking relationships 500 450 400 350 300 250 55% 98% 200 150 100 50 1 9631 % 0 Buy Hold •Companses Covered IllCos a,/ Banking Relationship North American Universe Buy: Expected total return (including dividends) of 10% or more over a 12-month period Hold: Expected total return (including dividends) between -10% and 10% over a 12month period Sell: Expected total return (including dividends) of -10% or worse over a 12-month period Deutsche Bank Securities Inc. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL Page 15 DB-SDNY-0124413 SDNY_GM_00270597 EFTA01462065
February 21, 2026 at 7:07 PM
epsteinweb.bsky.social
Parts 1-2/2 — EFTA01462062.jpg
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EFTA01462062 | EFTA01462062 29July 2014 Chemicals / Specialty Eastman Chemical Figure 15: Eastman Annual Cash Flow Staterne, Operating Activities: Adjustments to Reconcile Net Income to Cash From Operations Net Income Depreciation and Amortization Deferred Income Taxes Mark-to-Market Pension &OPEB (Gains) Losses Pension and OPEB Contributions in Excess of Expenses Variable Compensation in Excess of Expenses Asset Impairment Charges (Gain) Loss On Sale of Assets/Investments Other Change in Operating Assets and Liabilities Working Capital (Increases) Other Cash Flow From Operations 2011 2012 2013 01A 02A 2014E 2015E $696 273 11 $444 360 48 247 $1,172 433 331 (383) 4234 107 32 $294 110 29 31,046 445 185 51.138 465 185 197) 26 45 (14e) 82 28 (121 (931 8 (33) 40 0 1126' (70) (, o (370) 85 625 96 (42) 1,128 (46) (171) 1,297 (255) (511 (301 (34i 18 419 ;71 1125) 1,408 (501 ( 1.25) 1.478 Free Cash Flow Cash Flow From Operations Less: Capital Expenditures Free Cash Flow Less: Dividends Free Cash Flow (EMN Definition) 625 (457) 168 (136) 32 1,128 (465) 663 (192) 471 1,297 (483) 814 1. 40` 674 (301 (122) (152) (531 .2':1•4 419 (1321 287 453) 234 1,408 4575) 833 (212) 621 1,478 (600) 878 1228) 652 Investing Activities: Capital Expenditures Acquisitions Proceeds from Sale of Assets & Investments Additions to Short•Term Time Deposits Additions to Capitalized Sothnere Other Total Investing Activities 1457) (156) 651 (200) (9) 29 (142) (465) (2,669) 207 (483) (122) 45751 (370) (600) 31 4 1132) 1283) 8 (5) (30) 12.962) (5) (1) (457) (119) 2 14051 (945) (600) 125 267 (531 (280) (3) 32 366 42311 (53) POD) (6) (21 98 (1) (521 (27) 3 (10) Financing Activities: Inc. (Deer.) in L/T Debt Inc. (Decr.l in S/T Debt Dividends Purchase of Treasury Stock Dividends Paid to Noncontrolling Interets Proceeds kern Stock Option Exercises Other Total Financing Activities Effect of Exchange Rate Changes on Cash Increase (Decrease/ in Cash 42) 1 (136) (315) 1,645 (1) (192) (955) 425 (140) (238) (10) 30 (423) 1 61 52 1,504 2 (328) 59 (859) 7 (12) 249 12121 (500) (226) (600) 14631 (826) 0 52 Settee Deinee Bank eavnyres. reemel Page 12 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL Deutsche Bank Securities Inc. DB-SDNY-0124410 SDNY_GM_00270594 EFTA01462062
February 21, 2026 at 7:06 PM
epsteinweb.bsky.social
Parts 1-2/2 — EFTA01462060.jpg
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EFTA01462060 | EFTA01462060 29July 2014 Chemicals / Specialty Eastman Chemical (Figure 13: Eastman Al :re data) 2011 2012 2013 20140 2015E EcanumiVActualSell Arkkives 8. Functional Products % Change Adhesive* & Plasticizers 9. Change Advanced Materials K Change Fibre: % Change Specialty Fluids & Ingerinerbelefs % Change Total Segment Sales Other Sales li. Civrogn EL 1.677 8% 1,381 32% 2,313 72% 1.279 12% 2.548 34% 9.198 77 9,275 19% ET 1,613 (4%1 1,432 4% 2.254 17%1 1,316 3% 2.473 (3%) 9,087 33 9,120 (2%) 1.719 7% 1.326 (7%1 2,349 4% 1,441 70% 2.497 7% 9.332 18 9.350 9% 1.780 4% 1,375 4% 2,370 1% 1,600 4% 2.505 0% 9.630 3 9,533 2% 1260 4% 1.425 4% 2.500 IS% 1.525 2% 2.600 4% 9.910 S 9.915 4% Pio Forma/Arnie( Operating Profit Additives & I- pectin, of Products Operating Mewl % Change Adhesives & Plasticizers °Pommy Attegin % Change Advanced Materials Operating &begin % Change F lbws Operating &begin % Change Specialty Fluids & Intermediates 011eranne7 Mar % Change Segment Operating Profit % Change Other Operating Profit Opmraang Mug° `. Change if 392 22.8% 3% 250 34% 251 10.8% 20% 365 28.6% 7% 278 70.9% 28% 1.526 75% 11284 1.398 75.1% 72% PE 393 24.4% 3% 263 16.4% 6% 210 13% (16181 388 29.6% 6% 359 14.5% 29% 1.613 6% (1281. 1.487 163% 6% 408 23.6% 3% 173 13.0% (34%) 260 11.1% 24% 452 32.1% ID% 384 14.6% 7% 1.665 3% 1741 1.591 17.0% 7% 415 23.3% 2% 185 13.5% 7% 296 11.4% 73% 480 32.0% 4% 310 12.4% (115%1 Lass 1% (65) 1.830 17.1% 2% 464 24.4% 9% 195 73.7% 8% 323 12.9% 9% 488 32.0% 2% 376 74.4% 27% 1.835 9% 1557 1,780 78.0% 9% Pro Form eiActuel EBITDA Additives &Functional Pnxtuces EBITDA Mew % Change Adhesives & Plasticizers EBITDA PAnyin % Chem° Advanced Kennels EBITOA &begin % Change Fibers EV(TOA &begin % Change Specialty Fluids & Intermediates E BIWA Mgr) % ClIOng0 Segment EBITDA % Change Other EBITDA EBITDA &begin % Change ff 477 28.4% 3% 294 21.3% 37% 386 16.7% I4% 433 33.9% 7% 358 14.1% 23% 1.948 14% 1121) 1.827 19.7% 11% EE 490 30.4% 3% 308 21.6% 6% 347 16.4% (10%1 457 348% 6% 440 17.8% 23% 2,042 6% (1191 1,923 21.1% 6% 501 29.7% 2% 218 16.4% (29%) 404 17.2% MK 527 36.6% 75% 444 17.8% 7% 2.094 3% 170) 2.024 21.6% 5% 613 268% 2% 230 76.7% 6% 443 78.7% 10% 545 36.3% 3% 395 26.9% (71%) 2.126 2% (511 2,076 21.8% 3% 557 29.9% 9% 241 16.9% 5% 477 /9.7% 8% 554 363% 2% 467 18.0% III% 2,296 9% 151 t 2.245 22.6% 8% Interest Expiate % Change Other Ineefile/EXpenae 1787 (23%1 19 (134) 76% 10 11801 34% 131 (1811 IX 11 11881 4% 0 Pretax Income Ptetax IVINO0 % Change 900 113% 20% 1.195 14.7% 26% 1.408 161% 18% 1,460 16.3% 4% 1.592 16.1% 9% Taxes Tax Bale 1304) 31.8% (3911 32.7% 13931 27.9% (4071 27.9% 14461 28.0% 0 (21 17) (71 (8) 662 802 1,009 1,048 1,138 Nei Income Attributable to Noncontrolling Interests Sea: Nat Income Reset Ow*earnoret feengn Page 10 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDENTIAL ram Deutsche Bank Securities Inc. DB-SDNY-0124408 SDNY_GM_00270592 EFTA01462060
February 21, 2026 at 7:06 PM
epsteinweb.bsky.social
EFTA01462058.jpg
#epsteinweb #efta01462058
https://epsteinweb.org
EFTA01462058 | EFTA01462058 29July 2014 Chemicals / Specially Eastman Chemical Figure 1 I: Eastinan Annti.)I I I ICOt Sales % Change 5F!5.; in 2011 7,178 17% 2012 8,102 13% 2013 9,350 15% 2014E 9,533 2% 2015E 9,915 4% Cost of Sales Gross Profit Gross Margin % Change (5.538) 1,640 22.8% 8% (5,978) 2,124 26.2% 30% (6,939) 2,411 25.8% 74% (7,068) 2,465 25.9% 2% (7,272) 2,643 26.7% 7% Selling & Administrative SG&A/Sates % Change (469) 6.5% 4% (607) 7.5% 29% (624) 6.7% 3% (625) 6.6% 0% (645) 6.5% 3% Research & Development R&D/Sales %Change (S&A+R8O)/Sales (158) 2.2% (1%) 8.7% O98) 2.4% 25% 9.9% (196) 2.1% (1%) 8.8% (210) 2.2% 7% 8.8% (218) 2.2% 4% 8.7% Operating Profit Operating Margin %Change 1,013 14.1% 11% 1,319 16.3% 30% 1,591 77.0% 21% 1,630 17.1% 2% 1,780 78.0% 9% EBITDA Operating Margin %Chan e 1,305 78.2% 17% 1,689 20.8% 29% 2,021 21.6% 20% 2,086 27.9% 3% 2,245 22.6% 8% Interest Expense % Change Other Income/Expense (76) (23%) 19 1134) 76% 10 (180) 34% (3) (181) 7% 11 (188) 4% 0 Pretax Income Pretax Margin % Change 956 13.3% 20% 1,195 74.7% 25% 1,408 75.1% 18% 1,460 15.3% 4% 1,592 16.1% 9% Taxes Tax Rate (304) 31.8% 1391) 32.7% (393) 27.9% (407) 27.9% (446) 28.0% 0 (2) (7) (71 (8) Net Income Net Margin % Change 652 9.1% 24% 802 9.9% 23% 1,008 70.8% 26% 1,046 11.0% 4% 1,138 11.5% 9% Basic Shares Outstanding % Change Diluted Shares Outstanding % Change Basic EPS % Change Diluted EPS % Change 139.7 (3%) 143.0 (3%) $4.66 28% $4.56 28% 145.5 4% 148.9 4% $5.51 18% $5.39 18% 154.0 6% 156.5 5% $6.55 79% $6.44 20% 149.4 (3%1 151.5 (3%) $7.00 7% $6.90 7% 145.4 (3%) 147.8 (2%) $7.83 12% $7.70 12% fF ri nt 201 i Net Income Attributable to Noncontrolling Interests :court. Deuracke Itn•A 1.5traf Page 8 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL Deutsche Bank Securities Inc. DB-SDNY-0124406 SDNY_GM_00270590 EFTA01462058
February 21, 2026 at 7:06 PM
epsteinweb.bsky.social
EFTA01462056.jpg
#epsteinweb #efta01462056
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EFTA01462056 | EFTA01462056 29July 2014 Chemicals / Specialty Eastman Chemical [Figure 8: 2013 Geographic Sales Analysis iFigure 7:2013 Segment Sales Analysis isinArnince els US a anode 45% Admen*It Resican 14% aces WA Mined MSS% 25% Ass Amitc 20% 1 Source Emmen Amor""-- [Figure 5: 2013 sides by end-market Energy, Fuels 6 Webs ES:Monica Agriculture 's 2% 3% Transportation Health 8 Wellness 5% COW 6% Baling Construction IS% Curable Goode 8% Industrial Chanties & Processing 12% Consumables 14% Tobacco 13% Sant/awn Figure 9: 20'14 Sales by Region 'Figure 10: 20'14 Sales by Segment tea Arnett sx Usied eslossold clew 45% Nhemed iblerles 26% Swat Enst.54 Cedosk46 Page 6 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDENTIAL Soiree EsetmenOWnsiode Deutsche Bank Securities Inc. DB-SDNY-0124404 SDNY_GM_00270588 EFTA01462056
February 21, 2026 at 7:06 PM
epsteinweb.bsky.social
Parts 1-2/2 — EFTA01462054.jpg
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EFTA01462054 | EFTA01462054 29July 2014 Chemicals / Specially Eastman Chemical 02 Results Eastman reported Q2 EPS of $1.92, up 7%, and $0.08 or 4% above consensus of $1.84. A lower than expected tax rate added $0.01. The upside was driven by stronger than expected results in Adhesives & Plasticizers and SFI. Sales rose 1% on flat volumes and price while FX added 1%. EBIT fell 3% to $441MM while margins compressed 70bps YoY (+130 O°O) to 17.9% amid higher propane costs. Eastman reaffirmed '14 EPS guidance of $6.70-$7.00, up 4-9% YoY (consensus: $6.93). Additives & Functional Products sales rose 5% on 4% higher volumes on improved coatings demand (building and construction, transportation). EBIT fell 2% to $103MM (cons: $104MM) while margins compressed 160 bps to 22.8% on higher propane prices. Adhesives & Plasticizers sales rose 6% on 9% higher volumes partially offset by 4% lower price. EBIT rose 12% to $56MM (cons: $45MM) as adhesive demand appears to have turned the corner following last year's sharp declines and a shift towards Eastman's non-phthalate plasticizers owing to substitution away from phthalate plasticizers. Margins expanded 90 bps to 15.6%. Advanced Materials sales rose 1% on flat volumes and price while FX added 1%. EBIT fell 1% to $80MM (cons: $87MM) as margins compressed 30 bps to 12.7% owing to the impact of the Kingsport outage. Fibers sales rose 6% on 4% higher price and 2% higher volume. EBIT climbed 6% to $123MM (cons: $126MM) while margins compressed 10 bps to 31.9%. Specialty Fluids & Intermediates sales fell 6% on 8% lower volume due to the Kingsport outage partially offset by 2% higher price. EBIT fell 19% to $96MM (cons: $81MM) and margins compressed 220 bps to 15.2% on higher propane costs and the effects from the Kingsport outage. 'Figure 3: O2 '14 segment sales % change (YoY) Volume Additives & Functional Prim 4% FX Total I% 5% 1% 6% I% 1% Products Adhesives & Plasticizers 9% ‘416, Advanced Materials Abers 2% 4% Specialty Flues & interned/In (6%1 2% Total 6% (6%1 1% 1% San rime Page 4 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL Deutsche Bank Securities Inc. DB-SDNY-0124402 SDNY_GM_00270586 EFTA01462054
February 21, 2026 at 7:06 PM
epsteinweb.bsky.social
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EFTA01462052 | EFTA01462052 29July 2014 Chemicals / Specialty Eastman Chemical (Figure 1: Eastman O2 20 i 1 lie,tult:T. Segment 0714 Sales 32.403 02'13 $2,440 Additives & Functional Products $452 $430 Adhesives & Plasticizers $358 $339 13% Vols: +9%, Price: .4%. FX: +1%. Upside led by higher sales vols for adhesives resins and plasticizers more than offsetting lower selling prices due to cont'd competitive pressure as increased supply of adhesive resins and weak plasticizers demand in APac and Europe regions. Advanced Materials $831 $625 1% Vols: flat, Price: flat, FX: +1%. Lower sales growth as higher vets for premium products like interlayers with acoustic properties and Eastman Tritan"' copolyestei offset by weak demand for Flexvue coated films. Outlook: Expects sales growth to be in the range of 4%-5% in H2'14 on higher demand for premium Products Fibers $388 $363 0% Vols: +2%, Price: +4%, FX: flat. Higher growth driven by improved selling prices and sales of acetate flake to EMN's China acetate tow joint venture more than offsetting by lower vols of acetate tow due to additional industry capacity. Outlook: Expects lower sales vols 17 H2'74 Specialty Fluids & Intermediates $033 $677 (0%) Vols: -13%%, Price: +2%, FX: Ilat. Downside due to the unplanned shutdown of the plant (due to power disruption) and lower sales vols for intermediates product line partially offset by improved yob of acetyl-based products. Operating profit $441 $434 (3$ Downside primarily due to higher raw material costs. outage costs alongside competitive pressure in core products partially offset by better product mix. Additives & Functional Products $103 $105 (2%) Weakness due to higher raw mat. & energy costs (elm propane) partially offset by higher vols. Outlook: FY'14 EBIT: -$410-$430MM. Adhesives & Plasticizers $56 $50 12% Higher earnings due to improved vols. better productivity and lower operating costs partially offset by lower prices. Qudook. FY'14 ENT Expects to be more than $175MM Advanced Materials SSD $81 (1%) Relatively flat as lower raw material & energy costs offset by costs of the unplanned shutdown. Outlook: FY'74 EBIT: -$280-S300MM Fibers $123 $116 e% Upside led by higher prices coupled with increased sales of acetate flake to JV and lower raw material costs more than offsetting lower tow acetate vols and higher operating costs. Outlook:_FY74 ENT -.5490MM Specialty Fluids & Intermediates $96 $118 (19%) Downside due to lower vols, higher raw material. & energy costs (asp propane) alongside costs of the unplanned shutdown at the Kingsport site. Outlook: FY'14 EBIT: -$300-$320MM 179% 1110% -70bps Additives & Functional Products 22.8% 24.4% -100bps Adhesives & Plasticizers 15.0% 14.7% +80bps Advanced Materials 12.7% 13.0% -30bps Operating margin % change Comment 1% Vols: flat, Price: flat, FX: +1%. Marginal sales growth as higher demand in Additives & functional, Adhesives & plasticizers and Fibers offset by lower demand in Specialty fluids & intermediates. Acquired BP's aviation turbine oil business for $283MM. Outlook FY'14 Expects sales to grow at global GDP growth rate in H2'14. 5% Vole: +4%, Price: flat, FX: +1%. Upside driven by higher demands for coating product lines partially offset by continues destocking in China (primarily for commercial tires). Outlook: Expects vols to be better in H274. 31ass 32.0% -10bps Specialty Fluids & Intermediates 15.2% 17.4% -230bps Inane Bps ($48) ($48) (2%) (1%) Fibers Other Incansilbcpsnes $8 Pretax wog% $404 $408 Texas 0 1121 ($124) Tax rate 28% 30% Non-controlling IM 121 en> 0% Earnings from ops $290 $282 3% One time Items $0 ($18) Outlook• FY'14• -280% Page 2 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDENTIAL Deutsche Bank Securities Inc. DB-SDNY-0124400 SDNY_GM_00270584 EFTA01462052
February 21, 2026 at 7:06 PM
epsteinweb.bsky.social
EFTA01462047.jpg
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EFTA01462047 | EFTA01462047 29July 2014 Chemicals / Specially Eastman Chemical Deutsche Bank Securities Inc. CONFIDENTIAL — PURSUANT TO FED R CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0124394 SDNY_GM_00270578 EFTA01462047
February 21, 2026 at 7:06 PM
epsteinweb.bsky.social
Parts 1-2/2 — EFTA01462045.jpg
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EFTA01462045 | EFTA01462045 29July 2014 Chemicals / Specially Eastman Chemical Historical recommendations and target price: Eastman Chemical (EMN.N) (as 0( 7/29/2074) 100 00 Previous Recommendations 90 00 - Strong Buy Buy Market Perform Underpart win Not Rated Suspended Rating 90 00 7000 6000 Current Recommendations 50 00 Buy Hold Sell Not Rated Suspended Rating 40 00 30 00 20 00 'New Recommendation Structure as of September 9.2002 10 00 000 Au 11 Nov 11 Feb 12 May 12 Aug 12 Nov 12 tve May 13 Aug 13 Nov 13 Fab 14 May 14 I. 2. 09/16/2011: Buy, Target Price Change USD95.00 6. 02/03/2013: Buy, Target Price Change USD85.00 10/31O011: Buy, Target Price Change USD48.00 7. 07/30/2013: Buy, Target Price Change USD100.00 3. 07/09/2012: Buy. Target Price Change US0493.03 8. 10/280013: Buy. Target Price Change USD95.00 4. 10/28/2012: Buy. Target Price Change USD70.00 9. 04/28/2014: Buy. Target Price Change USD100.00 5. 12/13/2012: Buy. Target Price Change USD80.00 rating key Buy Based on a current 12- month view of total share-holder return (TSR = percentage change in share price from current price to projected target price plus pro-jetted dividend yield ) , we recommend that investors buy the stock. Sell: Based on a current 12-month view of total share- holder return, we recommend that investors sell the stock Hold: We take a neutral view on the stock 12-months out and, based on this time horizon, do not recommend either a Buy or Sell. Notes: 1. Newly issued research recommendations and target prices always supersede previously published research. 2. Ratings definitions prior to 27 January, 2007 were: guity rating lispnrsion and banking relationships 500 450 400 350 300 250 55% 98% 200 150 100 50 1 9631 % 0 Buy Hold •Companses Covered IllCos a,/ Banking Relationship North American Universe Buy: Expected total return (including dividends) of 10% or more over a 12-month period Hold: Expected total return (including dividends) between -10% and 10% over a 12month period Sell: Expected total return (including dividends) of -10% or worse over a 12-month period Deutsche Bank Securities Inc. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL Page 15 DB-SDNY-0124392 SDNY_GM_00270576 EFTA01462045
February 21, 2026 at 7:06 PM
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EFTA01462042 | EFTA01462042 29July 2014 Chemicals / Specialty Eastman Chemical Figure 15: Eastman Annual Cash Flow Statemy Operating Activities: Adjustments to Reconcile Net Income to Cash From Operations Net Income Depreciation and Amortization Deferred Income Taxes Mark-to-Market Pension &0PEB (Gains) Losses Pension and OPEB Contributions in Excess of Expenses Variable Compensation in Excess of Expenses Asset Impairment Charges (Gain) Loss On Sale of Assets/Investments Other Change in Operating Assets and Liabilities Working Capital (Increases) Other Cash Flow From Operations 2011 2012 2013 O1A O2A 2014E 2015E $696 273 11 $444 380 48 247 $1,172 433 331 (383) 4234 107 32 $294 110 29 41,046 445 185 51.138 465 185 197) 26 46 (14e) 82 28 (121 (93) 8 (331 1135) l'35 40 0 (70) 0 (5) (370) 85 625 96 (42) 1,128 (46) (171) 1,297 (255) (511 1301 (34) 18 419 (71 4125) 1,408 150) ( 1.25) 1.478 Free Cash Flow Cash FlowFrom Operations Less: Capital Expenditures Free Cash Flow Less: Dividends Free Cash Flow (EMN Definition) 625 (457) 168 (136) 32 1,128 (465) 663 (192) 471 1,297 (483) 814 1. 40` 674 (301 (122) (152) 4531 .2'; ? 419 4132) 287 453) 234 1,408 4575) 833 (212) 621 1,478 (600) 878 1228) 652 Investing Activities: Capital Expenditures Acquisitions Proceeds from Sale of Assets &Investments Additions to ShoffiTerm Time Deposits Additions to Capitalized Sofmere Other Total Investing Activities (467) (156) 651 (200) 49) 29 (142) (465) (2.669) 207 (483) (122) 45751 4370) (600) 31 4 1132) 1283) 8 (5) (30) 12.962) (5) (1) (457) (119) 2 (405) (946) (600) 125 267 (531 (280) (3) 32 366 42311 (53) 4100) (6) (21 98 (1) (52) (27) 3 (10) Financing Activities: Inc. (DKr.) in UT Debt Inc. (Decr.l in S/T Debt Dividends Purchase of Treasury Stock Dividends Paid to Noncom:oiling Interets Proceeds from Stock Option Exercises Other Total Financing Activities Effect of Exchange Rate Changes on Cash Increase (Decrease/ in Cash 42) 1 (136) (316) 1,645 (1) (192) (955) 425 (140) (238) (10) 30 (423) 1 61 52 1,504 2 (328) 59 (859) 7 (12) 249 (2121 4500) (226) (600) 14631 (826) 0 52 Settee Deinee Bank eavnyres. reemel Page 12 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL Deutsche Bank Securities Inc. DB-SDNY-0124389 SDNY_GM_00270573 EFTA01462042
February 21, 2026 at 7:05 PM
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EFTA01462040 | EFTA01462040 29July 2014 Chemicals / Specialty Eastman Chemical (Figure 13: Eastman Al :re data) 2011 2012 2013 20140 2015E EcanumiVActualSell Arkkives 8. Functional Products % Change Adhesive* & Plasticizers 9. Change Advanced Materials K Change Fibre: % Change Specialty Fluids & Ingerinerbelefs % Change Total Segment Sales Other Sales li. Civrogn EL 1.677 8% 1,381 32% 2,313 72% 1.279 12% 2.548 34% 9.198 77 9,275 19% ET 1,613 (4%1 1,432 4% 2.254 17%1 1,316 3% 2.473 (3%) 9,087 33 9,120 (2%) 1.719 7% 1.326 (7%1 2,349 4% 1,441 70% 2.497 7% 9.332 18 9.350 9% 1.780 4% 1,375 4% 2,370 1% 1,600 4% 2.505 0% 9.630 3 9,533 2% 1260 4% 1.425 4% 2.500 IS% 1.525 2% 2.600 4% 9.910 S 9.915 4% Pio Forma/Arnie( Operating Profit Additives & I- pectin, of Products Operating Mewl % Change Adhesives & Plasticizers °Pommy Attegin % Change Advanced Materials Operating &begin % Change F lbws Operating &begin % Change Specialty Fluids & Intermediates 011eranne7 Mar % Change Segment Operating Profit % Change Other Operating Profit Opmraang Mug° `. Change if 392 22.8% 3% 250 34% 251 10.8% 20% 365 28.6% 7% 278 70.9% 28% 1.526 75% 11284 1.398 75.1% 72% PE 393 24.4% 3% 263 16.4% 6% 210 13% (16181 388 29.6% 6% 359 14.5% 29% 1.613 6% (1281. 1.487 163% 6% 408 23.6% 3% 173 13.0% (34%) 260 11.1% 24% 452 32.1% ID% 384 14.6% 7% 1.665 3% 1741 1.591 17.0% 7% 415 23.3% 2% 185 13.5% 7% 296 11.4% 73% 480 32.0% 4% 310 12.4% (115%1 Lass 1% (65) 1.830 17.1% 2% 464 24.4% 9% 195 73.7% 8% 323 12.9% 9% 488 32.0% 2% 376 74.4% 27% 1.835 9% 1557 1,780 78.0% 9% Pro Form eiActuel EBITDA Additives &Functional Pnxtuces EBITDA Mew % Change Adhesives & Plasticizers EBITDA PAnyin % Chem° Advanced Kennels EBITOA &begin % Change Fibers EV(TOA &begin % Change Specialty Fluids & Intermediates E BIWA Mgr) % ClIOng0 Segment EBITDA % Change Other EBITDA EBITDA &begin % Change ff 477 284% 3% 294 21.3% 37% 386 16.7% I4% 433 33.9% 7% 358 14.1% 23% 1.948 14% 1121) 1.827 19.7% 11% EE 490 30.4% 3% 308 21.6% 6% 347 16.4% (10%1 457 348% 6% 440 17.8% 23% 2,042 6% (1191 1,923 21.1% 6% 501 29.7% 2% 218 16.4% (29%) 404 17.2% MK 527 36.6% 75% 444 17.8% 7% 2.094 3% 170) 2.024 21.6% 5% 613 288% 2% 230 76.7% 6% 443 78.7% 10% 545 36.3% 3% 395 26.9% (71%) 2.126 2% (511 2,076 21.8% 3% 557 29.9% 9% 241 16.9% 5% 477 /9.7% 8% 554 363% 2% 467 18.0% III% 2,296 9% 151 t 2.245 22.6% 8% Interest Expiate % Change Other Ineefile/EXpenae 1787 (23%1 19 (134) 76% 10 11801 34% 131 (1811 IX 11 11881 4% 0 Pretax Income Ptetax IVINO0 % Change 900 113% 20% 1.195 14.7% 26% 1.408 161% 18% 1,460 16.3% 4% 1.592 16.1% 9% Taxes Tax Bale 1304) 31.8% (3911 32.7% 13931 27.9% (4071 27.9% 14461 28.0% 0 (21 17) (71 (8) 662 802 1,009 1,048 1,138 Nei Income Attributable to Noncontrolling Interests Sea: Nat Income Reset Ow*earnoret feengn Page 10 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDENTIAL ra 7% Deutsche Bank Securities Inc. DB-SDNY-0124387 SDNY_GM_00270571 EFTA01462040
February 21, 2026 at 7:05 PM
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EFTA01462038 | EFTA01462038 29July 2014 Chemicals / Specially Eastman Chemical Figure 1 I: Eastinan Annti.)I I I ICOt Sales % Change 5F!5.; in 2011 7,178 17% 2012 8,102 13% 2013 9,350 15% 2014E 9,533 2% 2015E 9,915 4% Cost of Sales Gross Profit Gross Margin % Change (5.538) 1,640 22.8% 8% (5,978) 2,124 26.2% 30% (6,939) 2,411 25.8% 74% (7,068) 2,465 25.9% 2% (7,272) 2,643 26.7% 7% Selling & Administrative SG&A/Sates % Change (469) 6.5% 4% (607) 7.5% 29% (624) 6.7% 3% (625) 6.6% 0% (645) 6.5% 3% Research & Development R&D/Sales %Change (S&A+R8O)/Sales (158) 2.2% (1%) 8.7% 098) 2.4% 25% 9.9% (196) 2.1% (1%) 8.8% (210) 2.2% 7% 8.8% (218) 2.2% 4% 8.7% Operating Profit Operating Margin %Change 1,013 14.1% 11% 1,319 16.3% 30% 1,591 77.0% 21% 1,630 17.1% 2% 1,780 78.0% 9% EBITDA Operating Margin %Chan e 1,305 78.2% 17% 1,689 20.8% 29% 2,021 21.6% 20% 2,086 27.9% 3% 2,245 22.6% 8% Interest Expense % Change Other Income/Expense (76) (23%) 19 1134) 76% 10 (180) 34% (3) (181) 7% 11 (188) 4% 0 Pretax Income Pretax Margin % Change 956 13.3% 20% 1,195 74.7% 25% 1,408 75.1% 18% 1,460 15.3% 4% 1,592 16.1% 9% Taxes Tax Rate (304) 31.8% 1391) 32.7% (393) 27.9% (407) 27.9% (446) 28.0% 0 (2) (7) (71 (8) Net Income Net Margin % Change 652 9.1% 24% 802 9.9% 23% 1,008 70.8% 26% 1,046 11.0% 4% 1,138 11.5% 9% Basic Shares Outstanding % Change Diluted Shares Outstanding % Change Basic EPS % Change Diluted EPS % Change 139.7 (3%) 143.0 (3%) $4.66 28% $4.56 28% 145.5 4% 148.9 4% $5.51 18% $5.39 18% 154.0 6% 156.5 5% $6.55 79% $6.44 20% 149.4 (3%1 151.5 (3%) $7.00 7% $6.90 7% 145.4 (3%) 147.8 (2%) $7.83 12% $7.70 12% fF ri nt 201 i Net Income Attributable to Noncontrolling Interests :court. Deuracke Itn•A 1.5traf Page 8 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL Deutsche Bank Securities Inc. DB-SDNY-0124385 SDNY_GM_00270569 EFTA01462038
February 21, 2026 at 7:05 PM
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EFTA01462036 | EFTA01462036 29July 2014 Chemicals / Specialty Eastman Chemical [Figure 8: 2013 Geographic Sales Analysis iFigure 7:2013 Segment Sales Analysis isinArnince els US a anode 45% Admen*It Resican 14% aces WA Mined MSS% 25% Ass Amitc 20% Source Emmen Amor Sewn [Figure 5: 2013 sides by end-market Energy, Fuels S Webs ES:Monica Agriculture 's 2% 3% Transportation Health 8 Wellness 5% COW 6% Baling Construction IS% Curable Goode 8% Industrial Chanties & Processing 12% Consumables 14% Tobacco 13% Sant/awn Figure 9: 20'14 Sales by Region 'Figure 10: 20'14 Sales by Segment ten Aneecr sx Usied eslossold clew 45% Nhemed iblerles 26% Swat Enst.54 Cedosk56 Page 6 CONFIDENTIAL — PURSUANT TO FED. R CRIM. P. 6(e) CONFIDENTIAL Soiree EsetmenOWnsiode Deutsche Bank Securities Inc. DB-SDNY-0124383 SDNY_GM_00270587 EFTA01462036
February 21, 2026 at 7:05 PM