Dow Chemical Company Investor Presentation — November 2018

Document content

FLEXIBILITY & DISCIPLINE

Citi Basic Materials Conference

President and Chief Financial Officer, Dow

Chief Financial Officer, DowDuPont•Reduced cost structure

•Suite of low -risk growth projects

•Higher EBITDA -to-CFFO conversion•Greater financial & capital discipline

•Streamlined, focused portfolio

•Lower volatility vs. peers

•Higher free cash flow

$2B to >$3B EBITDA Upside

2THE NEW DOW : A COMPELLING INVESTMENT OPPORTUNITY

HIGHER EARNINGS & CASH FLOW HIGHER VALUE

Target Across the Cycle$3-4B FCF Upside

vs. 2Q18 TTMAttractive Shareholder

Returns3THE NEW DOW PORTFOLIO: POWERFUL SCALE AND LEADING POSITIONS

INDUSTRIAL INTERMEDIATES

Polyurethanes & CAV Industrial SolutionsPERFORMANCE MATERIALS

Consumer Solutions Coatings & Monomers

& END USESGLOBAL SCALE

Pro Forma 2017 Net Sales

Solvents, lubricants,

transfer fluids, energy,

life sciences, consumer

applicationsInsulation, furniture

and bedding, footwear,

applicationsArchitectural paint,

functional coatings,

leather, paperPersonal & home care,

liners and tapesFlexible and rigid packaging for food and

consumer, health and hygiene, artificial turf,

Preview truncated — download the full document for the complete content.