3Q 2022 Results

Packaging & Specialty Plastics Perf. Materials & Coatings Ind. Intermediates & Infrastructure REVENUE ($MM) 3Q 2022 OPERATING SEGMENT PERFORMANCE 7,736 8,233 7,327 3Q21 2Q22 REVENUE ($MM) 3Q22 4,481 4,370 4,059 3Q21 2Q22 REVENUE ($MM) 3Q22 3,003 2,526 2,654 3Q21 2Q22 3Q22 Q-o-Q Y-o-Y Q-o-Q Y-o-Y Q-o-Q Y-O-Y Sales ↓5%; Volume flat; Price ↓ 2% Price gains in functional polymers more than offset by lower polyethylene pricing; volume remained consistent Sales 11%; Volume 3%; Price ↓ 7% Results driven by lower polyethylene prices; reduced volumes due to global logistics constraints and lower demand in EMEAI Sales 9%; Volume 9%; Price 15% Price gains in both businesses; volume gains in Industrial Solutions more than offset by declines in Polyurethanes & Construction Chemicals Sales 7%; Volume flat; Price ↓ 5% Op. EBIT (SMM) & Op. EBIT Margin % 1,954 1,436 785 25.3% 17.4% 10.7% 3Q21 2Q22 3Q22 Op. EBIT (SMM) & Op. EBIT Margin % 713 426 167 Stable volumes were more than offset by lower local price and currency 15.9% 9.7% 3Q21 2Q22 4.1% 3Q22 Sales ↑ 5%; Volume 5%; Price ↑ 15% Price gains in both businesses and all regions; resilient demand in mobility and home care more than offset by declines in building & construction end-markets Sales ↓ 12%; Volume 7%; Price ↓ 3% Results primarily due to lower demand and decreased local price for siloxanes as well as planned maintenance turnaround activity Op. EBIT (SMM) & Op. EBIT Margin % 284 561 302 11.2% 18.7% 11.4% 3Q21 2Q22 3Q22 DOW Q-o-Q Y-o-Y Q-o-Q Y-o-Y Op. EBIT 60%; Margins 1460 bps Results due to lower polyethylene prices and higher raw material and energy costs Op. EBIT 45%; Margins 670 bps Results primarily due to lower local prices and reduced volumes due to global logistics and lower demand in EMEAI Op. EBIT ↓ 77%; Margins ↓ 1180 bps Price gains more than offset by weak EMEAI demand and increased energy and raw material costs Op. EBIT 61%; Margins 560 bps Results primarily due to lower price and higher energy costs Op. EBIT 6%; Margins 20 bps Price gains for both silicones and coatings applications led to margin expansion Op. EBIT 46%; Margins 730 bps Results driven by lower prices for siloxanes and increased raw material and energy costs Q-o-Q Y-o-Y 4

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