Dow Inc. · NYSE:DOW
Dow — J.P. Morgan 2025 Industrials Conference
8 slides from Dow's conference presentation, Mar 13, 2025
Slide 1: Dow Presents at J.P. Morgan 2025 Industrials Conference
DOW PRESENTS AT J.P. MORGAN 2025 INDUSTRIALS CONFERENCE JEFF TATE, CHIEF FINANCIAL OFFICER March 13, 2025
Slide 2: Continued Commitment to Financial Discipline
CONTINUED COMMITMENT TO FINANCIAL DISCIPLINE Preserving Our Solid Financial Flexibility Consistent Capital Allocation Priorities Safely and reliably run our operations ▪ ~$12B in liquidity, including >$2B of cash and equivalents Dividend policy targeting ~45% of operating net ▪ Investment-grade prof
Slide 3: Advancing Strategic and Proactive Near-Term Actions
ADVANCING STRATEGIC AND PROACTIVE NEAR-TERM ACTIONS Navigating the Prolonged Downturn Margin Support ▪ Making solid progress on our previously announced $1B in annualized cost reductions across 2025 & 2026 Outperforming the Competition o Targeted areas include third-party spending and ~1,500 Discipl
Slide 4: Demand Remains Soft in Most Markets and Regions
DEMAND REMAINS SOFT IN MOST MARKETS AND REGIONS Market U.S. & Latin Rest of Vertical Europe China World (% of Revenue1) Canada America ▪ Global manufacturing PMI remains stable, hovering around 50 Packaging ~30% ▪ Soft housing demand driven by high mortgage rates in the U.S. and sector weakness in C
Slide 5: 2025 Strategic Priorities
2025 STRATEGIC PRIORITIES ▪ Achieve $1B in annualized cost reductions, with ~$300MM in 2025 and full benefit by 2026, as well as ~$300-500MM in CapEx reductions vs. 2025 plan Preserve a Strong ▪ Received draft decision in NOVA judgment; expect cash flow Financial Foundation item in 2025 that surpass
Slide 6: Seek Together
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Slide 7: Safe Harbor
SAFE HARBOR Cautionary Statement about Forward-Looking Statements Certain statements in this presentation are “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Ac
Slide 8: Non-GAAP Financial Measures & Definitions
NON-GAAP FINANCIAL MEASURES & DEFINITIONS Non-GAAP Financial Measures This presentation includes information that does not conform to GAAP and are considered non-GAAP measures. Management uses these measures internally for planning, forecasting and evaluating the performance of the Company's segment