Edward C. Greer The Dow Chemical Company Presented to NCET2 G1000 Corporate Reverse Showcase March 19, 2014 Dow.com 1
ELECTRONIC & COATINGS AND AGRICULTURAL PERFORMANCE PERFORMANCE FEEDSTOCKS AND INFRASTRUCTURE FUNCTIONAL SCIENCES MATERIALS PLASTICS ENERGY SOLUTIONS MATERIALS • Chlor-Alkali/Chlor-Vinyl • Dow Electronic Materials • Dow Building & • Dow AgroSciences • Amines • Dow Elastomers • Energy -Semiconductor Tech Construction -Agricultural • Chlorinated Organics • Dow Electrical & • Ethylene -Interconnect Tech • Dow Coating Materials Chemicals • Dow Automotive Telecommunications Oxide/Ethylene Glycol -Display Technologies • Dow Water & -Seeds, Traits & Oils Systems • Dow Hygiene & • Hydrocarbons -Growth Technologies Process Solutions -Crop Protection • Dow Formulated Medical • JV: EQUATE • Functional Materials • Performance Systems • Dow Performance Petrochemical -Dow Wolff Cellulosics Monomers • Dow Oil & Gas Packaging Company K.S.C -Dow Consumer & • JV: Dow Corning • Dow Plastics Additives • JV: EQUATE • JV: The SCG-Dow Industrial Solutions Corporation • Epoxy Petrochemical Group -Dow Microbial • Oxygenated Solvents Company K.S.C • JV: The Kuwait Olefins Control • Polyglycols, • JV: The Kuwait Olefins Company K.S.C • JV : Dow Corning Surfactants & Fluids Company K.S.C. Corporation • Polyurethanes • JV: The SCG-Dow • Propylene Group Oxide/Propylene Glycol • JV: Sadara Chemical • JV: Map Ta Phut Company • JV: MEGLOBAL • JV: Sadara Chemical Company 2
DOW TECHNOLOGY DOW CORPORATE DOW VENTURE DOW EXTERNAL VENTURING CAPITAL LICENSING TECHNOLOGY Responsibility: Responsibility: Responsibility: Responsibility: Create and manage a Provide private seed Identify and leverage Manage the transfer of portfolio of technology capital to fast growing external science and intellectual property or options that position start-up companies technology resources technology at Dow, Dow to incubate new that match Dow’s to achieve Dow’s including licensing-in businesses, explore growth objectives and business and and out, divestitures, growth opportunities to bring added value corporate objectives acquisitions, mergers, and enhance to our equity partners alliances, and entrepreneurial by connecting them donations. Screening Criterion: innovation with Dow businesses, Strategic fit with Dow’s resources and business and expertise Screening Criterion: Screening Criterion: technology needs Financial parameters Technical strategic fit with Dow Screening Criterion: Financial parameters 3
Identifies / analyzes new technologies and quantifies new market opportunities for Dow Serves as an innovation pipeline to supply Dow with a flow of new concepts for evaluation Seeks interaction with emerging technology sources , focusing on developing strategic relationships Staff includes technical, commercial, and financial analysts Uses Technology Scouting group to identify, interact with emerging technology-based opportunities 4
Opportunities to which Dow brings differentiating competitive advantage through partnering/investing: • R&D: access to raw materials, testing, technical assistance, modeling, high throughput research, product development, intellectual property • Marketing: access to global market channels, customers and their needs, business intelligence, Dow brand equity • Manufacturing: access to global manufacturing resources, scale-up, supply chain Generally, these opportunities are based on innovations in materials or chemistry 5
Dow Corporate Venturing employs research and commercial capabilities to support a comprehensive approach to opportunity identification, business modeling and build-out. We are looking for opportunities, trends and strategic connections with emerging technology organizations. We continuously evaluate emerging opportunities in a cross- business setting on a global basis. Connecting with Dow presents opportunity – with resources like global reach, channel access, and proven scale-up, technology, science, marketing, and commercialization expertise – for accelerated exploration. 6
Disclaimer THIS PRESENTATION DOES NOT CONSTITUTE AN OFFER TO SELL OR AN OFFER TO BUY AN INTEREST IN A FUND OR COMPANY AS TO ANY PERSON IN ANY JURISDICTION. THE INFORMATION SET FORTH IN THE PRESENTATION IS CONFIDENTIAL. RECEIPT AND ACCEPTANCE OF THE PRESENTATION SHALL CONSTITUE AN AGREEMENT BY THE RECEPIENT THAT THE PRESENTATION SHALL NOT BE REPRODUCED, DISTRIBUTED, OR USED FOR ANY PURPOSE OTHER THAN IN CONNECTION WITH THE RECIPIENT’S INTRODUCTION TO THE DOW CHEMICAL COMPANY AND ITS VENTURE CAPITAL EFFORTS. THESE MATERIALS ARE PROVIDED FOR CONVENIENCE ONLY AND NOTHING CONTAINED HEREIN IS, OR SHOULD BE RELIED UPON AS, A PROMISE OR REPRESENTATION AS TO THE FUTURE ACTIONS OR PERFORMANCE OF THE DOW CHEMICAL COMPANY. STATEMENTS, ESTIMATES, AND PROJECTIONS WITH RESPECT TO SUCH FUTURE PERFORMANCE SET FORTH IN THIS PRESENTATION ARE BASED UPON ASSUMPTIONS THAT MAY OR MAY NOT PROVE TO BE CORRECT. NO REPRESENTATION IS MADE AS TO THE ACCURACY OF SUCH STATEMENTS, ESTIMATES, AND PROJECTIONS. 7
Edward C. Greer Manager, Corporate Venturing egreer@dow.com Dow.com 8
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