3Q 2022 Results

CONSISTENT STRATEGIC PRIORITIES FOR LONG-TERM VALUE CREATION DISCIPLINED CAPITAL ALLOCATION Execute lower-risk, faster- payback projects, capex ≤ D&A over cycle PROFITABLE GROWTH Maintain and grow leadership positions in key markets LOW-COST OPERATING MODEL Maintain top-quartile cost structure BEST-OWNER MINDSET ESG LEADERSHIP Maintain culture of benchmarking Decarbonize assets to zero-carbon emissions while expanding capacity Maintain strong credit profile while improving financial flexibility Advance incremental higher-growth, faster- payback investments Delivered restructuring program run-rate of ~$300MM in 2021 Enhanced transparency and disclosure Capitalize on growth from high-margin, sustainability- driven applications Higher ROIC, cash flow & returns to shareholders Deliver $300MM of EBITDA benefit from digitalization ACROSS THE ECONOMIC CYCLE: Increase underlying EBITDA by another >$3B Disciplined execution to deliver projects on-time and on-budget Maintain industry-leading cash generation DOW >13% ROIC Evaluate and execute non-core asset transactions Management incentives aligned with shareholders and ESG targets Return 65% of net income to shareholders 2.0x-2.5x adjusted debt-to-EBITDA 10

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