Dow Chemical 2014 Annual Report Download - page 12
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Investing for Growth
$250MM
2012 2013/2014 2015 2016 2017
Completed
Run-Rate EBITDA: $250MM
$450MM $500MM $1.5B
St. Charles
Ethylene Restart
Sadara Financial Close Texas Ethylene Unit
Groundbreaking
Freeport PDH Start-up
Louisiana
Ethane Flexibility
Polyethylene Start-up Sadara Phase 2
and 3 Start-up
Texas Ethylene Unit and
Derivatives Start-up
Capitalizing on Our Growth Levers
Dow is a fully integrated science and technology company, leveraging expertise at the intersections
of chemistry, biology and physics to power our competitive advantage and address global trends.
leading businesses and accelerate growth for our shareholders.
Advantaged Low-Cost Position
Our investments in advantaged feedstocks in the Middle East and on
the U.S. Gulf Coast are enabling Dow to capitalize on global growth
opportunities and drive increased returns. In the Middle East, our Sadara
joint venture enables a powerful position with access to high-growth
geographic regions such as Asia Pacific and Africa for decades to come. In
Texas and Louisiana, our U.S. Gulf Coast investments build on our physical
and molecular integration to maximize margins across our franchise.
Extending the U.S. Shale
Advantage into Europe
•
Gas (LPG) cracking
U.S. Gulf Coast Investments
• Improved cost position
• Improved margins
Revamped Alberta Advantage
• Low-cost natural gas
Sadara
• Strategic regional advantage
• Close proximity to feedstocks
• Established industry services
and infrastructure
Established Key Alliances
in Latin America
• Growing ethane
• Next large shale development
ÊU.S. Gulf Coast investments to deliver
$2.5 billion of EBITDA1 at full run-rate
ÊSadara to deliver average annual
ÚU.S. Gulf Coast and Sadara
expected to generate $3 billion
of incremental EBITDA at full
run-rate
1
(i.e., “Net Income”) before interest,
income taxes, depreciation
and amortization.
Advantaged Positions Across the Globe
10 The Dow Chemical Company