The Dow Chemical Company Doug May Business President Olefins, Aromatics & Alternatives March 24th The Dow Chemical Company
Dows Global Presence 2014 Sales of 58,167 million Dow Sites Around the World 2014 Sales by Region Latin America 13% North Asia America Pacific 37% 16% EMEAI 34% Sales in Emerging Geographies: 35% Fast Facts 53,000…
Dows Strategy Balances Risk and Rewards Shareholders Dow is structurally hedged feedstocks, currency and value chain ownership Focus remains on high-value organic growth projects and productivity Returning cash to shareholders via…
New Operating Segments Aligned to Dows Strategy Agricultural Sciences Consumer Solutions Infrastructure Solutions Performance Materials Performance Plastics & Chemicals Crop Protection Consumer Care Dow Building & Chlor Alkali and…
Top Global Ethylene / Polyethylene Producers Ethylene Capacity 2019 Expectation Polyethylene Capacity 2019 Expectation CNPC Braskem/Idesa JV North America Ineos NPC - Iran Europe NPC-Iran Petro China Asia Pacific Chevron…
Sources of Value in Performance Plastics Mix and Markets Polyethylene Ethylene Oil to Gas Spread Dow Value Comes from Four Sources 7
Packaging Large MarketStrong Drivers 5% Flexible Packaging 130 Billion CAGR Dow Participation 30-40% Rigid Packaging PE 175 Billion Metal, Glass & Other 207 Billion Market Drivers Waste & Fraud Food Loss and Security Paper…
Derivative Operating Rates Industry Global Polyethylene Operating Rate Near Term Strengthening Pricing power continues to strengthen 90% North America continues to be sold out 87.5% European duty discourages imports 87.0%…
Global Ethylene Operating Rates Operating rates continue recovery from the 2008 lows Expect peak scenarios in 2016-2018, with pricing power improving through 2014 into 2015 Ethylene Production=Demand Nameplate Capacity Industry Op…
Advantaged Positions Across the Globe Established USGC Revamped Key Alliances Investments Sadara Alberta European LPG in Latin Advantage America US shale Low cost Alberta Extending US Growing Access to Asia advantage shale ethane…
Feedstock Flexibility Increasing U.S. Ethane Capability Dow Europe LPG Cracking Volume Increasing capability for ethylene Dow U.S. Dow Americas Dow ethane cracking 90% Volume 80% production 2014 70% 60% 2013…
Gas Fundamentally Worth Less Than Oil Boeing 747-800 Energy Equivalent 3.67 Tanker Trucks 15 Tanker Trucks Jet A Fuel CNG CNG would require the entire passenger and cargo volume of the plane to be dedicated to fuel Source:…
Structural Feedstock Advantage Provides Higher Base Dows Floor Earnings Rise Due to O/G Advantage With Upside 30 180 Natural Gas Brent Oil 25 150 US Natural Gas (/MMBTU) Brent Crude Oil (/bbl) 20 120 OIL : GAS Price…
Growth Investments On Track, 2015 a Milestone Year 2015 projects improve cost position and margins PDH unit operational mid-year; construction 68% complete TX ethylene cracker engineering 85%, construction 10% complete Sadara olefins…
Dow Priorities for 2015 Productivity and operational excellence Start up our investments (Sadara, USGC, Enlist) Continue aggressive portfolio optimization (Chlorine, Epoxy, JVs) Capturing value across markets through the…
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