Dow Chemical 2015 Annual Report Download - page 10

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8 The Dow Chemical Company
1Sadara Joint Venture
Achieved successful
start-up of polyethylene
production at largest-ever
chemical complex built in
a single phase
st
products
Freeport, Texas: World-scale propane
dehydrogenation (PDH) unit – largest
on-purpose propylene facility of its kind
with capacity of 750 KTA
PDH Start-Up:
Joint Venture
Restructuring
U.S. Gulf Coast Projects
in divestitures (pre-tax value)
since 2013 including:
ACRYSOL™™
™
™
™
™
special recognition in the Green Technology category.
$7.5B Cash provided by
operating activities
• Dow Chlorine Products businesses
merge with Olin Corporation
 
 
• AgroFresh
 
• Other asset sales
$13.5B
Finalized transaction to sell its


Announced definitive agreement to
restructure ownership of Dow Corning

Technologies, LLC
PORTFOLIO MANAGEMENT
DOW AND DUPONT MERGER OF EQUALS TO DELIVER LONG-TERM SHAREHOLDER VALUE
Three industry leaders with focused investment profiles
INVESTING IN
GROWTH ENGINES
THIRTEEN
2015
Highlights
Consecutive
Quarters
Year-over-year growth of
operating Earnings Per Share
and operating EBITDA margin
$4.6B Paid to
Shareholders
in the form of share buybacks(1)
and dividends
2015 R&D 100 Awards SIX
OPERATIONAL EXCELLENCE SUSTAINABILITY

points over the last 3 years
Named to the Dow Jones
Sustainability World Index
15th time
9
Dow technologies
selected as finalists
21
Greatest number of any company
awarded this year
Consecutive Quarters
of Year-Over-Year
Volume Growth(3)
(1) Includes $1.5 billion in non-cash repurchases. (2) Assumed tax rate of 37 percent and includes Ethylene payment. (3) Excluding acquisitions and divestitures.
AgricultureAgriculture
~$10B ~$6B
Agriculture Agricultural
Sciences
Revenue ~$16B(4)
Cost Synergies ~$1.3B
(4) Based on Dow and DuPont’s Net Sales as reported
in each company's 2015 Form 10-K filing.
Note: Numbers may not sum due to rounding.
Material
Science
Material
Science
~$40B ~$5B
Performance
Plastics
Performance
Materials &
Chemicals
Infrastructure
Solutions
Consumer Solutions:
Consumer Care
Dow Automotive Systems
Performance
Materials
Revenue ~$46B(4)
Cost Synergies ~$1.5B
Specialty
Products
Specialty
Products
~$10B ~$2B
Electronics &
Communications
Safety &
Protection
Nutrition &
Health
Industrial
Biosciences
Consumer
Solutions:
Dow Electronic
Materials
Revenue ~$12B(4)
Cost Synergies ~$0.3B