Catalent Inc at Bank of America Healthcare Conference Transcript

May 11, 2022 / 07:40PM GMT
Derik De Bruin - BofA Securities, Research Division - MD of Equity Research

Welcome to Bank of America's 2022 Healthcare Conference live from Las Vegas. I'm Derik De Bruin, the senior life sciences and diagnostic tools analyst, also CROs and CMOs. Our next company is Catalent. And with us on Catalent is Tom Castellano, CFO; and Paul Surdez, Head of IR. Gentlemen, thank you for being here. Thanks for making the trip out to Vegas. We've grown up together. We participated in your IPO in 2014. What a difference a 9 year makes -- 8 years. I can't even count anymore. Company was 3% biotech when we did the IPO. It's 50-plus percent now.

Margins were hardly moving. Margins are now really expanding. I mean it's been a really interesting story. I think I'll let you kick it off, Tom, like a recap what's going on, and then I'm going to pepper you with a bunch of questions.

Thomas P. Castellano - Catalent, Inc. - Senior VP & CFO

Yes. No, thanks, Derik. Appreciate the opportunity, and thanks, everyone, for joining. The other thing I'd highlight around the IPO is

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